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Outlook for Week of September 17, 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 17, 2018

  1. 1. Reversal Levels - Outlook for week of September 17, 2018  Number of S&P 500 stocks in bullish trends (blue line): 326 (65%) versus 326 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 319 (64%) versus 297 last week.  Situation is bullish and the number of stocks in bullish trends is unchanged. The red line stays below the blue line, suggesting a ongoing pullback or correction. © Reversallevels.com
  2. 2.  ELC: up. BMO: down. Blue snake: up.  Bullish and charging higher. But BMO has turned down, which is a significant first warning sign. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  S&P 500, Nikkei and Australia AOI are in bullish trend. FTSE 100, DAX and Bovespa stay bearish.  Bonds TLT are in a young bearish trend.  Gold stays weak bearish and the 1200 level is overhead resistance. If MoM turns back down it would be a bearish continuation signal.  EURUSD is weak bearish, may have bottomed.  Oil is back to fully bullish with upward MoM. Bullish continuation.  Wheat is in a bearish trend. © Reversallevels.com Major indices
  4. 4.  Sell signal for South Africa.  Bullish divergence for Chile IPSA.  A continuing mixed bag with weakness seen in European markets. World markets © Reversallevels.com
  5. 5.  Partial profits signal for MRK. A 16% gain in 21 weeks.  Partial profits signal for NKE. A 50% gain in 46 weeks.  Partial profits signal for PFE. A 16% gain in 14 weeks.  Partial profits signal for V. A 79% gain in 88 weeks.  22 stocks bullish, unchanged from 22 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Looking good, but taking advantage of partial profits signals is probably a good idea. . 30 Dow Jones Industrials stocks © Reversallevels.com
  6. 6.  Partial profits signal for USDCNY. A 7% gain in 15 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 © Reversallevels.com
  7. 7.  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 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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