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Outlook for Week of October 14, 2019


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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.

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Outlook for Week of October 14, 2019

  1. 1. Reversal Levels - Outlook for week of October 14, 2019  Number of S&P 500 stocks in bullish trends (blue line): 307 (61%) versus 313 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 235 (47%) versus 155 last week.  Situation is bullish but the number of stocks in bullish trends keeps going down. The red line stays below the blue line. This indicates an ongoing pullback or sideways pause. ©
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  Indicators stay bullish. If ELC turns down again it would get us back into the large bearish divergence situation. But that remains to be seen. © S&P 500 Weekly chart
  3. 3.  FTSE100 is in a weak bearish trend. Other major markets stay in bullish trends.  Bonds TLT are weak bullish with downward MoM.  Gold is weak bullish with downward MoM. But it keeps struggling to hold the 1500 level.  EURUSD changes to weak bearish trend with upward MoM.  Oil is fully bearish with downward MoM.  Wheat gives a Buy signal. Starts a new bullish trend. © Major indices
  4. 4.  Bearish divergence for Russia RTS and Dow Industrials.  Bullish divergence for Singapore STI.  Most markets are in bullish trends, but MoM is turning back down for some indexes.  How long or short will this bullish episode be? We never know, it can be anything from a few weeks to a few years. World markets ©
  5. 5.  17 stocks bullish, unchanged from 17 last week. Below 20 = weakening bullish. See article: Keeping an eye on the Dow stocks  In major market advances the number of bullish stocks typically goes above 25. That hasn’t happened yet. So, if the bullish count falls back below the 15 level it would be a clear bullish failure. . 30 Dow Jones Industrials stocks ©
  6. 6.  Buy signal for GBPUSD.  Currencies tend to make long trending moves, so we don’t get weekly Buy or Sell signals so often.  For daytraders or swing traders: if you do your trading in the direction of the weekly trend you are likely to do well in the long run. So, try to buy the pullbacks in currencies pairs that are in weekly bullish trends and sell the rips during weekly bearish trends. Forex & Crypto ©
  7. 7.  On Twitter:  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 3000 stocks and ETF are available by monthly subscription. For less than $1 a day you can become a more efficient investor: 1 Month ($22) 6 Months ($110) 1 Year ($199) 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.