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Outlook for Week of October 23, 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 October 23, 2017

  1. 1. Reversal Levels - Outlook for week of October 23, 2017  Number of S&P 500 stocks in bullish trends (blue line): 370 (74%) versus 363 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 373 (75%) versus 368 last week.  Situation stays bullish and the number of stocks in bullish trends keeps increasing. The red line is just above the blue line, so bullish participation is still improving slowly. © Reversallevels.com
  2. 2.  All major stock indexes are in bullish trends.  Partial profits signal for Brazil Bovespa. A 16.7% gain in 14 weeks.  Bonds TLT are in a bearish trend.  Gold is weak bullish but coming closer to its RevL.  EURUSD is weak bullish and may fall back to test its weekly RevL.  Oil is in bullish trend and holding above the $50 level. Hold on.  Wheat is in weak bearish trend. © Reversallevels.com Major indices
  3. 3.  Sell signal for Malaysia KLCI.  Partial profits signal for Chile. A 30% gain in 40 weeks.  Partial profits signal for Hong Kong. A 24% gain in 40 weeks.  Partial profits signal for Thailand. A 7.8% gain in 21 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 © Reversallevels.com
  4. 4.  Buy signal for IBM.  Sell signal for PG.  Partial profits signal for CAT. A 74% gain in 72 weeks.  Partial profits signal for MSFT. A 47% gain in 66 weeks.  Partial profits signal for V. A 31% gain in 41 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 © Reversallevels.com
  5. 5.  No major changes this week..  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 © Reversallevels.com
  6. 6.  On Twitter: http://twitter.com/lunatictrader1  On Facebook: https://wwww.facebook/Reversallevels/  On Stocktwits: http://stocktwits.com/LunaticTrader  Website: Reversallevels.com For daily comments and questions you can find us here: © Reversallevels.com 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. Reversallevels.com 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.

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