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 May 11, 2020

Number of S&P 500 stocks in bullish trends (blue line): 133 (27%) versus 106 last week.

Number of S&P 500 stocks in daily bullish mode (red line): 324 (65%) versus 366 last week.

Situation is bearish but the number of stocks in bullish trends keeps going up. The red line stays well
above the blue line and above 50%. This indicates an ongoing rally.
© Reversallevels.com

2. 
ELC: down | BMO: up | Blue snake: down | Repellor: down.

BMO keeps going up. The other indicators are still bearish. The weekly Repellor at 2937 is still being
tested.
© Reversallevels.com
S&P 500 Weekly chart

3. 
All major markets stay weak bearish with upward MoM. While most
markets are in significant rallies from their March lows it is too early to
declare the bear market over

Bonds TLT are weak bullish. May have peaked.

Gold is fully bullish and tries to hold the $1700 level.

EURUSD is in a weak bearish trend..

Oil is weak bearish. The weekly RevL is at $38.17, so there is potential
for a huge bounce back.
© Reversallevels.com
Major indices

4. 
Buy signal for Argentina Merval.

Speculative Buy signal for Bloomberg
Commodity Index BCOM.

MoM is pointing up for all markets.

Spain IBEX is our current best performer. It is
down 23.87% since its Sell signal 10 weeks
ago.
World markets
© Reversallevels.com

5. 
Buy signal for HD.

10 stocks bullish, up from 9 last week. Below 15
= bear market. See:
Keeping an eye on the Dow stocks

MoM keeps pointing up for all 30 Dow stocks.
But there is a risk that this is only a big rebound
rally in an ongoing bear market. The majority of
Dow stocks remains in bearish trends.

Boeing BA is our best performer. A 59.38%
decline since its Sell signal 21 weeks ago and
the move is ongoing. Avoiding big losses is as
important as staying in the winning trades.
.
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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