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.

1. Reversal Levels - Outlook for week of July 6, 2020

Number of S&P 500 stocks in bullish trends (blue line): 268 (54%) versus 268 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 222 (44%) versus 131 last week.

Situation is neutral and the number of stocks in bullish trends is flat. The red line stays below the blue
line. This indicates an ongoing pullback or pause.
© Reversallevels.com

2. 
ELC: up | BMO: down | Blue snake: up | Repellor: up.

BMO keeps coming down from extreme peak levels. This is consistent with an ongoing pullback or
pause. For how long we don’t know. In minor corrections BMO typically bottoms out near the zero
line (see 2016-2017 for plenty examples).
© Reversallevels.com
S&P 500 Weekly chart

3. 
All major stocks indexes are in bullish trends with upward MoM. But
follow through will be needed to avoid failed rallies.

Bonds TLT are weak bullish and appear on their way to test the RevL,
currently at 154.12.

Gold is fully bullish with upward MoM.

EURUSD is in a fresh bullish trend. Needs follow through.

Oil is fully bullish and has climbed above the $40 level.
© Reversallevels.com
Major indices

4. 
Buy signal for Chile IPSA and Hong Kong
HSI.

Bearish divergence for Nigeria NGSE

The majority of markets is in bullish trends
with upward MoM. But the move appears to
be stalling.

Gold stocks XAU is our current best
performer. It is up 21.62% since its Buy
signal 11 weeks ago.
World markets
© Reversallevels.com

5. 
Buy signal for PG.

Bearish divergence for GS.

Partial profits signal for AAPL. A 31% gain in 11
weeks.

Partial profits signal for MSFT. A 25% gain in 12
weeks.

16 stocks bullish, up from 15 last week. Below
20 = sputtering bull market. See:
Keeping an eye on the Dow stocks

The rebound is in question and we could see
the bear market pick up speed again if the
number of bullish stocks falls below 15.

AAPL is our current best performer. A 31% gain
since its Buy signal 11 weeks ago and the move
is ongoing.
.
30 Dow Jones Industrials stocks
© Reversallevels.com

6. 
No major changes this week.

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 bullish
trends and sell the rallies during bearish trends.
Forex & Crypto
© Reversallevels.com

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.