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Outlook for Week of September 3, 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 3, 2018

  1. 1. Reversal Levels - Outlook for week of September 3, 2018  Number of S&P 500 stocks in bullish trends (blue line): 336 (67%) versus 332 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 358 (72%) versus 345 last week.  Situation is bullish and the number of stocks in bullish trends is inching up again. The red line stays above the blue line, indicating a continuing rally. © Reversallevels.com
  2. 2.  ELC: up. BMO: up. Blue snake: up.  Bullish and charging higher. This may be the start of a multi-month blow off stage. If BMO turns back down it would be a significant warning sign. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Sell signal for FTSE 100. It is joining German DAX and Bovespa in bearish trends.  Bonds TLT are in a young bullish trend.  Gold is weak bearish and keeps giving a Speculative Buy signal. A rally towards the weekly RevL is in the cards.  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 weak bullish. Has tested the weekly RevL as expected. © Reversallevels.com Major indices
  4. 4.  Buy signal for Taiwan TAIEX.  Bullish divergence for Argentina MERVAL and Chile IPSA.  Partial profits signal for India SENSEX. A 13% gain in 20 weeks.  The picture for world markets keeps improving gradually. World markets © Reversallevels.com
  5. 5.  Bullish divergence for GE.  Partial profits signal for MSFT. A 109% gain in 111 weeks.  Partial profits signal for NKE. A 48% gain in 44 weeks.  Partial profits signal for V. A 78% gain in 86 weeks.  20 stocks bullish, unchanged from 20 last week. Above 20 = bull market. See article: Keeping an eye on the Dow stocks  Stable at 20 bullish stocks. But this number should improve if the bull market is to continue. . 30 Dow Jones Industrials stocks © Reversallevels.com
  6. 6.  Sell signal for USDCHF.  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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