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Outlook for Week of October 15, 2018


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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 15, 2018

  1. 1. Reversal Levels - Outlook for week of October 15, 2018  Number of S&P 500 stocks in bullish trends (blue line): 202 (40%) versus 317 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 37 (7%) versus 191 last week.  Situation has turned bearish with the number of stocks in bullish trends going sharply. The red line stays below the blue line, suggesting a ongoing pullback or correction. ©
  2. 2.  ELC: turns down. BMO: down. Blue snake: turns down.  Bearish with downside penetration of the blue snake. ELC turning down paints a huge bearish divergence in ELC, which is an omen typically seen near an important top (see 2014-15). © S&P 500 Weekly chart
  3. 3.  Sell signals for S&P 500 and Australia AOI. They join the European markets in bearish trends.  Nikkei and Bovespa stay in bullish trends  Bonds TLT stay in a bearish trend.  Gold is weak bearish and has regained the 1200 level. A test of the weekly RevL is the next hurdle on the upside.  EURUSD is weak bearish, may have bottomed.  Oil stays fully bullish. Hold.  Wheat changes to weak bearish. May have bottomed. © Major indices
  4. 4.  Sell signals for France CAC40, Malaysia KLCI, Sweden OMX30, Switzerland SMI and US Dow Transports.  Another bearish week with more markets going into bearish trends.  Nearly all markets have downward MoM and it is quite possible we are headed for an all bearish table for world markets. World markets ©
  5. 5.  Sell signals for CVX, HD, IBM, JPM, MMM, PG, TRV and UTX.  Partial profits signal for PFE. A 19% gain in 18 weeks.  19 stocks bullish, down from 27 last week. Below 20 = weak bull market. See article: Keeping an eye on the Dow stocks  After weeks and weeks of partial profits signals we have 8 Dow stocks giving Sell signals. This looks like a watershed moment.  If the number of bullish stocks drops below 15 it will indicate a likely bear market. . 30 Dow Jones Industrials stocks ©
  6. 6.  No major changes this week.  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 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 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.