outlook for week of april 27, 2015

Outlook for Week of April 27, 2015

MoM has turned up for Nasdaq and S&P 500. This points to a continuation of the bull market.

Bonds (TLT) are now weak bullish, have seen no follow through in the last 5 weeks. Avoid.

Gold stays weak bearish. Wait.

$EURUSD has stabilized further. Probably setting up for a rally.

Oil is closing in on it weekly reversal level. This is not a bull market yet, we have to see whether oil can close above the RevL.

Wheat continues bear market.

Weekly Reversal Levels

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Most major stock indexes are rallying, with DAX as the main exception.

Bonds (TLT) are in daily bearish mode. No sign of bottoming out yet.

Gold took a turn for the worse and is now solidly bearish. Wait for MoM to turn back up.

EURUSD is finally giving a buy signal. This may mark the end of the long slide that started last year.

Oil is holding up well, but with MoM down it may go on to test its RevL first.

Wheat may try the upside again. But I would just wait on this one.

Daily Reversal Levels


Sell signal for India.

Partial profits signal for Russell 2000 and Spain.

Comment: No big changes. India has had a huge run and deserves a rest. US stock indexes continue to give mixed signals. Dow Transports and Utilities remain in bearish mode and the Russell 2000 small caps are seeing MoM turn down. This means the new highs in Nasdaq and S&P 500 are not confirmed by other segments of the market. MoM has also turned down for most European markets.

Weekly Reversal Levels for World markets


Buy signal for IBM and MSFT

19 stocks bullish, up from 17 last week. Below 20 = struggling bull market. See article: Keeping an eye on the Dow stocks

Comment: A major improvement this week with two stocks making it back into the bullish ranks. If we get a few more, bringing the total back above 20, then it will tell us that the recent doldrums are probably behind us.

Weekly Reversal Levels for 30 Dow stocks


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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.LunaticTrader 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.

The weekly reversal levels for over 1500 stocks and ETF can be picked up for free on my blog every weekend

The daily reversal levels for over 1500 stocks and ETF are available for a few $ on Scutify every day: click here

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outlook for week of april 27, 2015

Economy & Finance