Last week’s market timing commentary was spot on. Here’s what I said:
“… This would typically make for a choppy sideways kind of week ahead.”
See below for my outlook for the week ahead. Talking of weeks …
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Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
For the third Friday in a row, the market has had a negative momentum day, and during that time the main indices have been sideways to slightly down.
I don’t have an empirical study on this precise behaviour, but it does suggest a combination of market rotation, lack of conviction and exhaustion in certain areas.
My projection from last week was:
“Combined with indecisive OVI readings for the indices, it does make predicting the week ahead rather tricky. This would typically make for a choppy sideways kind of week ahead.”
Post-Earnings has continued to be quiet, so as we stand right now, I’d have to go with something similar again today.
In terms of what to do, once again it’s a stock picker’s environment. Stick with a more obvious setup (unambiguous OVI, corresponding Shrinking Retracements, near Key Levels), and keep your risk exposure low.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish but pointing downwards. - The Main Indices:
Neutral OVIs for SPY and IWM, blue for DIA and QQQ.
Stock Selection:
A couple of weeks ago I mentioned that a major beneficiary of AI would be the healthcare sector and health information stocks. These companies are data rich, so AI will of course play a huge role in their future prosperity.
Somewhat spookily, last week Cathie Wood of ARK fame, announced her new focus on exactly those areas.
Whether that’s a constructive or destructive endorsement remains to be seen! But the logic is plain to see.
Regardless of which types of stocks you might want to focus on, our Master Keys and Big Money Footprints are priceless for timing, risk control, and ultimately probability of success.
Within the AI environment there will be winners and losers. Our method empowers us to focus on the more likely winners (in either direction) at the optimal times with the lowest risk.
In today’s Review I’ll continue to focus on price reactions near recent Key Levels. Post-Earnings is still quiet, but the beauty of Post-Earnings is that it has a long tail, so there’s plenty of time for delayed reactions.
The key to consistency is to 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:
Due to some bugginess, we couldn’t deploy the Journal Notes showing up on your charts last week! We’ll get there, but in the meantime there are other big commitments we need to focus on.
Many more game-changing upgrades will be made in time for the Mayakoba Options VIP Bootcamp on May 3rd – 4th.
We’ve got some big updates lined up for this year:
- A.I. Interfaces:
If you like using A.I. applications, then you’re going to love a particular development we have in the pipeline for you, namely GPT inside our charting application! - Focus on Stocks that Could Move Bigger and Faster:
Soon I’ll have a filter you can use for stocks with potentials for larger moves in either direction.
- Journal Upgrade:
Phase 1 is already deployed, but there’s much much more to come! - TradeFinder Fast Filters Metro Tiles:
A much easier way to filter through the various Fast Filters. Done! - Mobile Experience:
By spring, our mobile platform will roll out, complete with dynamic notifications to enhance your trading experience. - Options Enhancements:
Several key upgrades to our options tools are coming soon, alongside major research insights we can’t wait to share with you. - Updated ‘How To’ Video Guides.
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.
More updates are on the way!
Upcoming Events:
Our Options VIP Bootcamp in Mayakoba is on the 3rd and 4th of May! It’s going to be amazing! Rooming details are now available.
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.
