Outlook for Week of March2, 2020

Reversal Levels - Outlook for week of March 2, 2020

Number of S&P 500 stocks in bullish trends (blue line): 79 (16%) versus 342 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 6 (1%) versus 282 last week.

Situation has turned bearish and the number of stocks in bullish trends is dropping. The red line stays
well below the blue line. This indicates an ongoing correction.
© Reversallevels.com


ELC: down | BMO: down | Blue snake: down | Repellor: down.

Blue Snake turns down and the market is below the Repellor for the first time in more than a year.
This is a very fast market now and we have to wait for signs of a bottom.
S&P 500 Weekly chart


Sell signals for all major stock indices, other than FTSE 100 which was
in a bearish trend already.

Bonds TLT stay fully bullish with upward MoM.

Gold is weak bullish, may have peaked.

EURUSD is in a bearish trend, but has regained the 1.10 level.

Oil stays in a bearish trend and has clearly failed to hold the $50 level.
Major indices


Sell signals for all the markets than weren’t in
bearish trends yet.

The covid panic has spread quickly and all
markets have downward MoM.

All we can do is wait for Buy signals. That
could take quite a while after a drop of this
magnitude.

Thailand SET is our new best performer. It is
down 18.4% since the Sell signal we gave 29
weeks ago.
World markets


Sell signals for AXP, DIS, GS, HD, IBM, INTC,
JNJ, JPM, KO, MCD, NKE, PG, UNH, V and
WMT.

It is very rare to get so many sellers in one
week. This is an obvious regime change for the
market. AAPL and MSFT are the only Dow
stocks staying in bullish trends.

2 stocks bullish, down from 18 last week. Below
15 = bear market. See:
Keeping an eye on the Dow stocks

Microsoft is still our best performer. A 51.7%
gain since its Buy signal 58 weeks ago and the
move is ongoing.

It’s very important to let winners run. 80% of our
annual profits will typically come from just 20%
of our trades. Aka the “pareto principle”.
.
30 Dow Jones Industrials stocks


Buy signal for USDMXN.

Sell signal for USDJPY

Bullish divergence for EURGBP.

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


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:
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.
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Outlook for Week of March2, 2020

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Outlook for Week of March2, 2020