In just FOUR weeks we’ll be in Riviera Maya for our famous Options Bootcamp where we’ll all be using the latest software upgrades to find great setups and control risk.
Finding high probability trade setups is clearly a priority. But when you control risk, you can get it wrong and still live to fight another day.
This can change your life, as one of our VIP members said just last week:
“This, for me, is the BEST session ever. You just changed my life on how to manage risk for options …”
One huge loss can wreck your account, confidence, everything. Saving yourself from that will prevent such a catastrophe.
That’s life changing.
So, another week where we got market direction correct, but what wasn’t anticipated was the dramatic gap up, inspired by surprise events in the Middle East.
That’s the kind of market we’re in … 99% news-driven, which means high levels of whipsaws.
So you have to be skilled and patient.
I can teach you the skills, which will then give you the patience to be selective at the right times.
And our amazing technology will do all the hard work for you in a matter of seconds.
The chart annotations are now live, along with instant chart load, one-click Analyzer/TradeFinder), the chart replay training tool (in just a few days), the trade plan on the charts, and more …
These tools are game-changers, and there’s also a new OVI algorithm in the works with the best stats we’ve ever seen, right on the point of me releasing as a new strategy. It’s taken over a year of quant research, on top of the previous 28 years I’ve been studying options data. These things take time to do properly, but they’re worth it.
All this will give you more precision, more focus, faster implementation, better results, more fun.
Join us in Mexico – remotely or in person – and we’ll do it all together, using our latest technology, our latest algorithms and developing that sense of control.
Have a chat with us here to explore how you can benefit from our unique approach to options.
Market Outlook:
Last week I said I expect the SPY and QQQ to edge nearer their 200-dmas.
Well, they did edge upwards on Monday and Tuesday, but on Wednesday they gapped up on news, well above their 200-dmas to just above their 50-dmas.
That drama was unexpected, but at least we were on the right side of it.
From here, I expect things to settle somewhat around the 50-dma mark. Beyond that it’s almost impossible to predict on a week-by-week basis right now, but one sector that does look interesting is crypto, with several stocks and ETFs in that space exhibiting robust bullish OVIs and Trend Fades just above Key Levels.
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Red (remember it’s slow). - Medium Term Swing Timer:
Bullish and steep. - The Main Indices OVIs:
The QQQ has a robust positive OVI. The other index ETFs are neutral.
Stock Selection:
Today I went through at least 400 stocks using our super snappy charts on my smartphone.
What’s clear is that the market isn’t clear!
Last week I mentioned finding some interesting bounceback setups, which proved useful.
This week, we’re now in earnings season, and the market seems to be anticipating more positives than negatives in the pre-earnings filters.
** Remember, managing risk in your trade management is as important as trading with higher probabilities. This is very much part of the WiseTraders method, and is our third Master Key. **
Look in our Gift area inside the Platform to watch “How to Cap Your Losses & Protect Your Profits“.
Increasing your probabilities with a logical proven system is an essential part of trading. But you also need a rock solid trade plan that tilts the odds further in your favour.
Our EDGE Trade Plan does exactly that, and you will find trading so much more rewarding and peaceful if you adhere to its principles.
My goto playbook is OVI, near Key Levels, Trend Fades, and a consolidation/sideways move. The other two Big Money Footprints are highly desirable but those four are essential to me! With my new VIP filters, I’m also now looking more at overbought and oversold issues.
Go into the ‘Expert Watchlists’ area of the platform to view my Watchlists for (a) all the stocks I cover in today’s video, and (b) a smaller list that warrant a closer look.
** The list of stocks is in the Expert Watchlists area (just click on my image to see them), so you’ll have to log in to see it. Market Timing will also go inside a login soon. Remember to reference the video commentary so you know what my sentiment is on each stock listed. **
Don’t Miss Out:
Software Upgrades:
More game-changing upgrades will be made in time for the Mayakoba Options Bootcamp on 9-10 May.
Lined up for later this year:
- Chart Replay:
Go back in time and replay a chart setup to see how you would play it. A training game-changer.
- Annotations on the Charts:
View the Big Money Footprints displayed on the charts! Instant clarity, especially for Trend Fades.
- Instant Chart Data:
We’re reaping the benefits of this … a game-changer!
- Market Timing:
A significant upgrade to our Market Timing and Dashboard area is in the works. Stay tuned for any announcements.
- OVI Upgrades:
Two huge upgrades are coming for the OVI!
First is a mechanism to increase the number of stocks and ETFs to be more readable.
Second is a new research project that dramatically reduces our universe (so saving time) while increasing the probability of a profitable move.
Both of these are game-changers.
- Options Enhancements:
The Analyzer upgrade is also deployed. Anyone can now trade options with complete visibility in just a click.
- More Automation:
All these enhancements are paving the way to more automation, and accelerated use of A.I. while avoiding the pitfalls of overfitting.
The result will be more precision and less time.
More updates are on the way!
Upcoming Events:
Our Options Bootcamp in Mayakoba, Riviera May, Mexico is on May 9-10th! It’s going to be super practical, using all the new enhancements to be released especially for the event. Don’t think you can do options? I’ll prove you wrong!
Watch today’s market review inside the members area here! To the left is the Watchlist area. To the right is the TV area.
How to Watch This Video:
The best way to watch this video so you can flip through the charts at the same time:
- Log into the members area: https://platform.wisetraders.com
- Click on TV within the Platform (top right)
- Choose “On Demand”
- Play
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Remember, you can play the video at 1.25x or 1.5x speed if you want to save time! I have placed all the stocks covered in today’s review in your “Latest Preview” watch list.
