Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Outlook for Week of September 30, 2019

1,235 views

Published on

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.

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

Outlook for Week of September 30, 2019

  1. 1. Reversal Levels - Outlook for week of September 30, 2019  Number of S&P 500 stocks in bullish trends (blue line): 343 (69%) versus 354 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 292 (58%) versus 378 last week.  Situation is bullish but the number of stocks in bullish trends has turned down again. The red line has dropped below the blue line. This indicates a pullback or sideways pause has started. © Reversallevels.com
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  If ELC turns down again it would get us back into the large bearish divergence situation. But that remains to be seen. © Reversallevels.com S&P 500 Weekly chart
  3. 3.  Buy signal for FTSE100, joins the other major markets in bullish trends.  Bonds TLT are weak bullish with downward MoM.  Gold is weak bullish with downward MoM. Falls back below the important 1500 level.  EURUSD is in a bearish trend and failed to hold the 1.10 level.  Oil is weak bearish.  Wheat is weak bearish, ready to test its RevL. © Reversallevels.com Major indices
  4. 4.  Buy signal for India SENSEX.  Sell signals for Indonesia JCI and South Africa JOHA  Most markets are in bullish trends with upward MoM.  How long or short will this bullish episode be? We never know, it can be anything from a few weeks to a few years. World markets © Reversallevels.com
  5. 5.  Sell signal for DIS.  Partial profits signal for PG. A 43% gain in 49 weeks.  20 stocks bullish, down from 21 last week. Above 20 = bullish market. See article: Keeping an eye on the Dow stocks  In major market advances the number of bullish stocks typically goes above 25. That hasn’t happened yet. So, if the bullish count falls back below the 15 level it would be a clear bullish failure. . 30 Dow Jones Industrials stocks © Reversallevels.com
  6. 6.  Partial profits signal for USDCNY. A 4% gain in 20 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. 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.

×