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Outlook for Week of September 10, 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 September 10, 2018

  1. 1. Reversal Levels - Outlook for week of September 10, 2018  Number of S&P 500 stocks in bullish trends (blue line): 326 (65%) versus 336 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 297 (59%) versus 358 last week.  Situation is bullish and the number of stocks in bullish trends is going down. The red line has dropped back below the blue, suggesting a pullback or correction has started. ©
  2. 2.  ELC: up. BMO: up, but flattening out. Blue snake: up.  Bullish and charging higher. If BMO turns back down it would be a significant warning sign. © S&P 500 Weekly chart
  3. 3.  Bearish divergence for Nikkei. Only the S&P 500 stays fully bullish at the moment.  Bonds TLT are giving a Sell signal. Failed rally.  Gold stays weak bearish but the 1200 level was given up again. If MoM turns back down it would be a bearish continuation signal.  EURUSD is weak bearish, may have bottomed.  Oil is weak bullish and has survived a first test of the RevL. Tries to regain the $70 level.  Wheat is giving a Sell signal. Start of a new bearish trend. © Major indices
  4. 4.  Buy signal for Argentina MERVAL.  Sell signal for Netherlands AEX.  Bearish divergence for Taiwan TAIEX.  Partial profits signal for India SENSEX. A 13% gain in 21 weeks.  A mixed bag this week. Weakness is most evident in European markets. World markets ©
  5. 5.  Buy signal for MCD and XOM.  Partial profits signal for UNH. An 83% gain in 98 weeks.  Partial profits signal for V. A 74% gain in 87 weeks.  22 stocks bullish, up from 20 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Improving despite weakness in broader indexes like S&P 500. Money seems to move into the relative safety of large cap stocks. . 30 Dow Jones Industrials stocks ©
  6. 6.  Partial profits signal for USDCNY. A 6.6% gain in 14 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. Currencies ©
  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.