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Outlook for Week of November 6, 2017


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Free weekly newsletter with outlook and brief comments for world stock markets. Weekly reversal levels for stocks, gold and currencies. This method was designed to keep you on the right side of the market most of the time, letting the winners run while avoiding big losses on investments.

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Outlook for Week of November 6, 2017

  1. 1. Reversal Levels - Outlook for week of November 6, 2017  Number of S&P 500 stocks in bullish trends (blue line): 352 (70%) versus 356 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 296 (60%) versus 325 last week.  Situation stays bullish, but the number of stocks in bullish trends is going down. The red line is well below the blue line, which is unusual for a market at new record highs. Declining bullish participation remains a red flag. ©
  2. 2.  Partial profits signal for S&P 500. A 19.5% gain since our weekly Buy signal 51 weeks ago.  All major stock indexes remain in bullish trends and well above their weekly RevL.  Bonds TLT are in a bearish trend.  Gold is weak bullish and still testing its RevL. If MoM turns back up it will be a bullish continuation.  EURUSD is weak bullish and probably also going for a test of its weekly RevL.  Oil is in fully bullish trend and gaining traction. Hold on.  Wheat is fully bearish trend. © Major indices
  3. 3.  Partial profits signal for Chile. A 30% gain in 42 weeks.  Partial profits signal for Hong Kong. A 25% gain in 42 weeks.  Partial profits signal for Thailand. A 8.4% gain in 23 weeks.  Partial profits signal for Dow Industrials. A 24.7% gain in 51 weeks.  Most world markets stay in bullish trends and MoM keeps pointing up for a majority of indexes.  Taking advantage of partial profits signals to raise some cash is always a good idea. World markets ©
  4. 4.  Partial profits signal for BA. A 94% gain in 56 weeks.  Partial profits signal for CAT. A 81% gain in 74 weeks.  Partial profits signal for V. A 35% gain in 43 weeks.  26 stocks bullish, unchanged from 26 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Bullish participation is very good and most stocks have upward MoM. If the number of bullish stocks drops below 15 it would tell us a bear market has started. . 30 Dow Jones Industrials stocks ©
  5. 5.  Buy signal for USDRUB.  Note: Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals very often. Keep trading in the direction of the weekly trend and you are likely to do well in the long run. Currencies ©
  6. 6.  On Twitter:  On Facebook: https://wwww.facebook/Reversallevels/  On Stocktwits:  Website: For daily comments and questions you can find us here: © Disclaimer Investing in stocks, forex or commodities is risky. No guarantee can be given that the opinions or predictions given in this presentation will be correct. cannot in any way be responsible for eventual losses you may incur if you trade based on the given information. Simulated trading programs in general are subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Trade at your own risk and responsibility. Subscription service Daily reversal levels for over 2700 stocks and ETF are available by monthly subscription. For just $1 a day you can become a more efficient investor: click here Comes with full instructions and strategies for using the reversal levels and MoM indicator in your own trading. This is an honest method with limited risk, not a get rick quick formula. Give it a try.