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Outlook for Week of October 7, 2019

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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.

Publié dans : Économie & finance
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Outlook for Week of October 7, 2019

  1. 1. Reversal Levels - Outlook for week of October 7, 2019  Number of S&P 500 stocks in bullish trends (blue line): 313 (63%) versus 343 last week.  Number of S&P 500 stocks in daily bullish mode (red line): 155 (31%) versus 292 last week.  Situation is bullish but the number of stocks in bullish trends keeps going down. The red line stays below the blue line. This indicates an ongoing pullback or sideways pause. © Reversallevels.com
  2. 2.  ELC: up | BMO: up | Blue snake: up | Repellor: up.  Indicators stay bullish. 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.  Sell signal for FTSE100. Falling right back after last week’s Buy signal.  Other major markets stay in bullish trends.  Bonds TLT are weak bullish with downward MoM.  Gold is weak bullish with downward MoM. It has regained the important 1500 level.  EURUSD is in a bearish trend and failed to hold the 1.10 level.  Oil changes to fully bearish with downward MoM.  Wheat is weak bearish and testing its RevL. © Reversallevels.com Major indices
  4. 4.  Sell signals for Dow Transports and Russell 2000.  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 signals for CAT, CVX and GS.  Partial profits signal for PG. A 43% gain in 50 weeks.  17 stocks bullish, down from 20 last week. Below 20 = weakening bullish. 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.  Buy signal for USDCHF.  Partial profits signal for USDCNY. A 4.7% gain in 21 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.