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Just three weeks until our Big Stocks Summit on 7th December. It’s a super practical event where you’ll be doing exercises to find stocks there and then with the supervision of me and my team. Make sure you enrol to this unique event which we keep improving every year.
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The Markets …
The main indices and many stocks peaked at their overbought levels early in the week, but a number of issues have plenty of room for deeper pullbacks to Key Levels.
In the aftermath of the election I’d thought there might be even more immediate upside potential, but overbought markets always have the potential to drop quickly … which is why we say never chase them.
We’re now in Post-Earnings so the coming weeks will see our most optimal setups emerge.
See below for Market Outlook.
Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
Choppiness is the most likely outcome for the coming days.
Probably not optimal conditions, but there are still some decent setups in both directions..
The best current setups are the breakout opportunities near Key Levels and the the overextended reversal opportunities far away from Key Levels.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish, not overbought, but pointing down. - The Main Indices:
Apart from the IWM, the index OVIs have remained robust. That said, further pullback downside and choppiness is likely.
Stock Selection:
Today I’ve focused on post-earnings setups near Key Levels for potential breakouts, and overbought setups ready for reversal.
At the London VIP Summit we’ll go through exercises where we can use the filter combinations to highlight great setups and save time.
Pick your playbook and stick to the best quality setups that conform to it.
My playbook is OVI, near Key Levels, Shrinking Retracements, 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:
The journal upgrade is making progress, and will be on DEV (the development site) for the Summit with broker token forms for Interactive Brokers. We’re looking at other brokers to integrate with as well.
Soon we’ll also deploy updated ‘How To’ video guides, and we’ve already deployed a handy ‘How To’ clickthrough guide to help you navigate the platform. We’ll also be upgrading the Fast Filters still further.
The full mobile phone (portrait) optimization is in the plan for the summer, and more dynamic notifications from inside the application will follow that. Lots to do!
Many more game-changing upgrades will be made in time for the London Stocks VIP Summit on December 7th.
Upcoming Events:
Our Stocks VIP Summit in London on 7th December will be the most practical ever, with half of the event dedicated to practical exercises and with the most bonuses ever.
This coming week I’m hosting a training session for Stocks VIP members on Tuesday at 9.30am ET, and another special session at 2pm ET on Thursday. These sessions always produce nuggets of information and nuggets of trading ideas. Not to be missed.
Our Options VIP Bootcamp in Mayakoba will be on the 3rd and 4th of May! It’s going to be amazing! Rooming details will be available soon.
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.
