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Allan’s Update

By Ilene
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Anyone following Allan Trends? Here are his latest signals for Weekly charts. I'm guessing the daily charts were already on Shorts.

Courtesy of Allan's Trends

Several Weekly Trend Models are close to reversing at today’s close. Here is the list and reversal levels:

  • INDU Weekly reverses SHORT on a close below 12,370;
  • SPX Weekly reverses SHORT on a close below 1,312;
  • NASDAQ Weekly reverses SHORT on a close below 2,861;
  • CLNE Weekly reverses SHORT on a close below 15.32;
  • JPM Weekly reverses SHORT on a close below 35.82;
  • PBKEF Weekly reverses SHORT on a close below 12.57;
  • SBUX Weekly reverses SHORT on a close below 52.18.

If you’re interested in a risk-free trial click here for Allan’s standard service and here for his premium service. For readers of Phil’s Stock World, Allan is including his standard service with his premium service, free. The premium is for more active traders.

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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