Just THREEE weeks until Miami, and last week I showcased some of the exciting bonuses we’re giving with the event.
The Shrinking Retracements filter is the most complicated formula we’ve ever produced for stocks and is going to be a big part of our bread & butter. In fact it has so much potential, we’re already working on bringing a version of it into our automated work as even on its own there are very encouraging stats, which are further enhanced by OVI and other Big Money Footprints.
Other big upgrades include overbought/oversold indictors (we’ll start with overbought, which might come in handy very soon!) and some mega options upgrades.
Imagine viewing a stock chart and being able to analyse any options strategy on the same screen in a matter of seconds – literally a couple of clicks? That’s what we’re releasing … It’s going to bring insights while saving an absurd amount of time, and that’s no matter what your current level of experience.
So, it’s getting very exciting. The manual is finished and at the printers, but I’ll probably make further improvements – can’t help myself! Something I really enjoy is making things easier, faster and better.
Less words, less lists, more easy-to-understand graphics and better formulas.
That’s the OptionEasy ethos. The entire options syllabus is now contained in pictures that MOVE so you can see what happens when you make any change. This means dramatically accelerated mastery for you!
Just like the OVI – we can uniquely see ‘scarce information’ at a glance (and that’s OUR patent by the way!)
All this and more in Miami during the event – contact us here to see if it’s right for you and if you’re right for it!
FOCUS ON THIS: Use our filters and Fast Filters to find Big Money Footprint setups near Key Levels. Today you’ll see how so many of our highlighted stocks from previous weeks have flown.
So, what about the markets?
Well, let’s call it what it is … I’m surprised at the strength of last week’s bullishness. My guidance last week was that further upside was likely to be short term, and one week does qualify as short term. Also, we did reference a number of good bullish setups last week, which of course have done very well.
The surprise was that the decent bearish setups simply reversed – and in many cases they reversed strongly. Most of them did not whipsaw, but there were a couple.
Large Cap Tech is largely what’s driving this buoyancy in the SPY and Nasdaq, while the mid cap index is huffing and puffing and still below its Key Levels.
As with last week the QUALITY of many setups isn’t top notch, which is the reason I’m not loading the truck at this point.
Market Outlook:
Well, we’re not getting that washout to the January, June and/or October lows any time soon – and we may not get it at all. More likely is short term upside.
Watch the video for more detail.
The Main Indices:
The SPY and QQQ have flown, and for now let’s just focus on the short term. The QQQ’s OVI has been robustly blue for several weeks, reflecting exactly its recent upside movement. The SPY’s OVI is only just beginning to show strength.
The IWM is still below Key Levels.
The DIA is now poking above its 50-day Key Level, and its OVI is now reflecting this.
Market Timers:
- Longer Term Market Timer (OVIsi): Still half-green and has made a sharp recovery this week.
- Medium Term Swing Timer: Positive and not overbought.
- SPY OVI: Now blue, just!
Fast Filters Stock Selection:
Last week’s bullish nuggets did well.
Again, notice the power of our Big Money Footprints setups near the Key Levels (especially the 50- and 200-dma’s).
As I mentioned last week, the key to good options trading is to match the options strategy to the stock setup. Whether you trade setups near the Key Levels or go for overstretched scenarios, options will give you more choices in terms of being rewarded actively or passively.
In Miami I’ll show you how to focus on “great value” options on stocks setting up nicely for our bread & butter strategy, as well as other more exotic strategies.
Here is a smaller list of stocks that look interesting for our consideration. Remember to reference the video so you know what my sentiment is on each one:
ABBV ADBE ALC AMZN APTV AZPN BABA CAG ED EW FITB H HDB IDXX ISRG MKC MTDR NEE NEM PATH PFE PNR SQ TFC TPX TTWO V VRTX VTR WHR WPC XPEV XRAY
Software Upgrades:
A reminder of the amazing Miami upgrades that will save you time and make you a better options trader.
- Overbought/Oversold filters (great for credit spreads) … we’ll cover this in Miami.
- Shrinking retracements filters / watchlists (ideal for your bread, butter and also plenty of jam!) … again to be covered in Miami.
- OptionEasy Pricer at the side of the chart (will save you hours each day)
- OptionEasy Analyzer at the side of the chart (will save you days each week!)
Also, our revamped education suite is accelerating its new release, so you can take better advantage of our unique content and also test yourself with our quizzes!
And very soon after Miami I’ll be deploying a whole new Journal app with an inbuilt calculator for you to be in control of risk at all times.
Then there will be the TV component so you can watch our education content or your mentors right next to the chart you’re looking at. And then there will be wholesale upgrades to the charts too.
Stay in touch to discover more as we unveil best-of-breed applications!
Events:
The OptionEasy Bootcamp on 22-23 April is only THREE WEEKS away, and our corporate room rates are running out quickly. With all the upgrades coming, this will be our best ever. It’s at the National Hotel on South Beach Miami, and we’ll also be broadcasting live and recording it. I will be unveiling more upgrades and findings, making all of our trading more precise and more efficient.
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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.
