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Reversal Levels - Outlook for week of October 30, 2017

Number of S&P 500 stocks in bullish trends (blue line): 356 (71%) versus 370 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 325 (65%) versus 373 last week.

Situation stays bullish, but the number of stocks in bullish trends has turned down. The red line is well
below the blue line, which is unusual for a market at new record highs. Declining bullish participation
is a red flag.
© Reversallevels.com

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 testing its RevL as expected.

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 back to fully bearish trend because MoM turns down.
© Reversallevels.com
Major indices

Sell signals for Mexico IPC and Gold stocks
XAU.

Partial profits signal for Chile. A 30% gain in
41 weeks.

Partial profits signal for Hong Kong. A 24%
gain in 41 weeks.

Partial profits signal for Thailand. A 9.3%
gain in 22 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

Buy signal for NKE.

Sell signal for MRK.

Partial profits signal for CAT. A 83% gain in 73
weeks.

Partial profits signal for DWDP. A 39% gain in
67 weeks.

Partial profits signal for HD. A 9.5% gain in 12
weeks.

Partial profits signal for V. A 33% gain in 42
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.

Note how we have been bearish on GE for 39
weeks. The stock is down 30% over that period
and easily the worst performer in the Dow.
Reversal levels avoids bear markets while
staying long in big winners like AAPL, BA and
CAT.
30 Dow Jones Industrials stocks
© Reversallevels.com

Buy signal for USDBRL and USDCAD.

Sell signal for AUDUSD.

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

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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Outlook for Week of October 30, 2017

  • 1. Reversal Levels - Outlook for week of October 30, 2017  Number of S&P 500 stocks in bullish trends (blue line): 356 (71%) versus 370 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 325 (65%) versus 373 last week.  Situation stays bullish, but the number of stocks in bullish trends has turned down. The red line is well below the blue line, which is unusual for a market at new record highs. Declining bullish participation is a red flag. © Reversallevels.com
  • 2.  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 testing its RevL as expected.  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 back to fully bearish trend because MoM turns down. © Reversallevels.com Major indices
  • 3.  Sell signals for Mexico IPC and Gold stocks XAU.  Partial profits signal for Chile. A 30% gain in 41 weeks.  Partial profits signal for Hong Kong. A 24% gain in 41 weeks.  Partial profits signal for Thailand. A 9.3% gain in 22 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.  Buy signal for NKE.  Sell signal for MRK.  Partial profits signal for CAT. A 83% gain in 73 weeks.  Partial profits signal for DWDP. A 39% gain in 67 weeks.  Partial profits signal for HD. A 9.5% gain in 12 weeks.  Partial profits signal for V. A 33% gain in 42 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.  Note how we have been bearish on GE for 39 weeks. The stock is down 30% over that period and easily the worst performer in the Dow. Reversal levels avoids bear markets while staying long in big winners like AAPL, BA and CAT. 30 Dow Jones Industrials stocks © Reversallevels.com
  • 5.  Buy signal for USDBRL and USDCAD.  Sell signal for AUDUSD.  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.  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.