Outlook for world markets with our comments for next week.
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* The latest weekly reversal levels for over 2500 stocks and ETF can be found every weekend at http://www.reversallevels.com/.
* For shorter term trading and more optimal entries there are daily reversal levels, which are available as a monthly subscription. It comes as a daily html file covering over 2500 stocks from Dow Composite, Nasdaq 100, S&P 500, S&P 400 mid caps, S&P 600 small caps, and more than 100 popular ETF. Instructions for use are included. Give it a try.
Hello Danny – Greatly appreciate your site and the information you share.
Do you ever publish performance results along the lines of S&P 500 performance for the year (or YTD), as compared to the performance of your calls on the S&P 500 using weekly reversal levels?
You can always see the live performance of the current trades by clicking on the “P/L%” column in the weekly and daily reversal level tables, e.g.: http://www.reversallevels.com/2015/12/wrl-for-dec-5.html
You can also verify this info by paper trading the buy and sell signals and see if your results match the ones we post in the tables. Putting up a page with trade results would be a huge amount of work, require me to update it very regularly, and would probably become a page that is going to be unreadable. And it would be very hard for people to verify that info. Why would you believe it?
My tables include the performance P/L% for all current trades on weekly /daily basis, so you can see all the losers, all the winners, how big or small they are, how many days or weeks since the trade started. And you can verify it by looking up the recent Open and Close prices for a given stock. I wouldn’t know how to make it more transparent than this..
I do believe and do not doubt the results. I was just wondering for a given period, like 2015 YTD, where the S&P 500 is up slightly less than 1%, how your weekly signal on that index has performed. I think you provide plenty of info, just wondering if you were tracking your performance as compared to the related index, etc. Thanks.
Hi Scott,
I prefer my readers to doubt and test. But I understand your request and you are not the only person asking for backtest results.
The weekly reversal levels only give buy or sell signal every 20 weeks on average, so results for 2015 only will not give much to look at. I will do a post giving out backtest results for S&P 500 from 1950 to now and for Crude Oil from 1984 to now. That will satisfy some readers who asked for backtest results, and it will help me show some important points that people should know when they want to use the weekly reversal levels.
Danny
Here you go:
https://lunatictrader.wordpress.com/2015/12/09/what-a-trading-method-can-do-for-you-part-2/
Hi, I have to say you have some great information. Do you share or sell your spread sheet that is really nice stuff. I am interested if you do
Thanks William Gilday
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Hi William,
The reversal levels tables are made with proprietary formulas that I cannot share or sell.
I do offer the tables on a daily and weekly basis at http://www.reversallevels.com/
The weekly levels are free every weekend and the daily are available as an inexpensive subscription.
Danny