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Outlook for Week of September 16, 2019

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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 16, 2019

  1. 1. Reversal Levels - Outlook for week of September 16, 2019  Number of S&P 500 stocks in bullish trends (blue line): 352 (70%) versus 265 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 375 (75%) versus 364 last week.  Situation is bullish and the number of stocks in bullish trends is going up. The red line stays above the blue line. This indicates an ongoing rally. © Reversallevels.com
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  BMO turns up from near the zero line, which is where minor pullbacks typically end. All indicators are bullish now. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Buy signal for Nikkei.  FTSE 100 is the only major market that stays bearish.  Bonds TLT change to weak bullish with downward MoM.  Gold keeps giving a partial profits signal. A 19% gain in 40 weeks.  EURUSD is in a bearish trend and tries to stay above the 1.10 level.  Oil is weak bearish.  Wheat is in a bearish trend. © Reversallevels.com Major indices
  4. 4.  Buy signal for South Africa JOHA, Dow Transports and Russell 2000.  Bullish divergence for Chile IPSA.  Further improvements this week. Most markets have upward MoM again. World markets © Reversallevels.com
  5. 5.  Buy signal for BA, CAT, GS and IBM.  Bullish divergence for WBA.  Partial profits signal for PG. A 41% gain in 47 weeks.  21 stocks bullish, up from 17 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  Another big improvement this week. MoM is turning up for more stocks. . 30 Dow Jones Industrials stocks © Reversallevels.com
  6. 6.  Sell signal for EURGBP and USDRUB.  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 © Reversallevels.com
  7. 7.  On Twitter: http://twitter.com/lunatictrader1  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 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.

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