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 20, 2020

Number of S&P 500 stocks in bullish trends (blue line): 292 (58%) versus 266 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 380 (76%) versus 222 last week.

Situation is bullish and the number of stocks in bullish trends is going up. The red line is back above
the blue line. This suggests a rally phase has started.
© 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 . Nikkei changes to weak
bullish with downward MoM.

Bonds TLT are fully bullish with upward MoM..

Gold stays fully bullish and is above the $1800 hurdle. A climb to all
time highs for gold is possible.

EURUSD is in a fresh bullish trend.

Oil is fully bullish and stays above the $40 level.
© Reversallevels.com
Major indices

4. 
Buy signal for Dow Utilities.

Partial profits signal for Malaysia KLCI. An
8% gain in 7 weeks.

Partial profits signal for Taiwan TAIEX. A
5.5% gain in 6 weeks.

Partial profits signal for Turkey BIST100. A
7.6% gain in 6 weeks.

Partial profits signals before the 10th
week of
a bullish trend are usually just a pause. But
sometimes it indicates a failing rally.

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 34.16% since its Buy
signal 13 weeks ago.
World markets
© Reversallevels.com

5. 
Buy signal for JNJ.

Bullish divergence for MRK.

Partial profits signal for AAPL. A 38% gain in 13
weeks.

17 stocks bullish, up from 16 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 38.6%
gain since its Buy signal 13 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
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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:
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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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