Outlook for Week of March 30, 2015

US and UK markets are consolidating after their recent rally. Nikkei and DAX remain with upward MoM, but are likely to start sputtering as well.

Bonds (TLT) are struggling to add to gains after last week's buy signal.

Gold remains fully bearish. Waiting.

$EURUSD is trying to rally. Could go on to test its weekly reversal level, currently at 1.21

Oil is also in rebound mode. A move to $60 is still in the cards.

Wheat is also trying to rebound. Needs a weekly close above 554 to get into weekly bullish mode

Weekly Reversal Levels

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US and UK markets gave gone into a decline. Wait for daily MoM to turn up if you are looking for a speculative buy.

Nikkei and DAX are still bullish, but MoM has turned down on them as well.

Bonds (TLT) are rallying, but MoM has turned down so bonds could be forming a lower higher.

Gold has gone into rally mode. Previous rallies have failed, so let's see if this one has legs.

EURUSD is bouncing back, but needs a daily close above the reversal level to get into bullish mode.

Oil has turned bullish with further room to rise.

Wheat has dropped back after a failed rally. Waiting for MoM to turn back up.

Daily Reversal Levels

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Weak buy signal for Hong Kong.

Sell signal for India.

Can take partial profits in Sweden. Up 17% in 21 weeks is always nice.

Comment: The global picture is very mixed. Some markets are given sell signals after long bull moves, while others are giving fresh buy signal. Sooner or later we will get more clarity about the direction of the markets, but right now it is a coin toss.

Weekly Reversal Levels for World markets

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Sell signal for DD

Can take partial profits in DIS HD and TRV

17 stocks bullish, down from 18 last week. Below 20 = struggling bull market. See article: Keeping an eye on the Dow stocks

Comment: We remain in limbo about the next major move in the Dow. As long as we have this mixed bag with bullish and bearish stocks the market can go both ways. So, we can only wait and see.

Weekly Reversal Levels for 30 Dow stocks

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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.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