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Outlook for Week of October 22, 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 22, 2018

  1. 1. Reversal Levels - Outlook for week of October 22, 2018  Number of S&P 500 stocks in bullish trends (blue line): 186 (37%) versus 202 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 108 (22%) versus 37 last week.  Situation is bearish and the number of stocks in bullish trends is going down. The red line stays below the blue line, suggesting a ongoing pullback or correction. ©
  2. 2.  ELC: down. BMO: down. Blue snake: down.  Bearish with downside penetration of the blue snake. No signs of a bottom yet. ELC has painted a huge bearish divergence, which is an omen typically seen near an important top (see 2014-15). © S&P 500 Weekly chart
  3. 3.  Most stock markets are in bearish trends. Nikkei and Bovespa stay in bullish trends  Bonds TLT are in a bearish trend.  Gold is weak bearish and has regained the 1200 level. A test of the weekly RevL is the next upside target.  EURUSD is back to fully bearish with downward MoM.  Oil changes to weak bearish. A test of the weekly RevL is likely and a 64 week bullish trend could end.  Wheat is weak bearish. May have bottomed. © Major indices
  4. 4.  Sell signals for Thailand SET.  Only a few indexes stay in bullish 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 CAT and NKE.  Weak Buy signal for PG. Could be a fake-out move.  Bearish divergence for XOM.  Partial profits signal for PFE. A 21% gain in 19 weeks.  18 stocks bullish, down from 19 last week. Below 20 = weak bull market. See article: Keeping an eye on the Dow stocks  If the number of bullish stocks drops below 15 it will indicate a likely bear market. . 30 Dow Jones Industrials stocks ©
  6. 6.  Bullish divergence for Bitcoin.  Bullish divergence for AUDUSD.  Partial profits signal for USDCNY. An 8% gain in 20 weeks.  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.