Greetings from Wall Street … literally!
We’re now just 4 weeks away from our Stocks VIP Summit, which you can attend live in person, remotely from home, or afterwards by recording.
This is the one time in the year we get together for a full day dedicated to stock picking.
New research and new technology enables us to implement subtle refinements to our technique for more precision.
You’re already seeing the fruits of this and there are game-changing enhancements scheduled. So, make sure you’re part of this exclusive event.
In terms of the markets, by now you should recognise the signals for when the indices are overbought.
This would have saved you discomfort from last week’s pullback where once again the 50-dma has provided a safety net … for now.
Just one month ago I warned of inevitable impending volatility after the big pullback day of October 10th. Such behaviour rarely occurs in isolation, and when you can recognise it you can get prepared for what happens next.
Market Outlook:
I mentioned that the indices looked overbought last week and after the revelation of Michael Burry’s giant short on AI stocks they duly pulled back to their 50-dma’s. Only the IWM overshot its 50-dma.
This earnings season is mixed but there are still some decent post-earnings bullish setups forming, especially after Friday’s short covering bounce back.
Volatility and steep pullbacks will continue to be part of this market, so be super picky and protect your profits early and fast.
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):
Green. - Medium Term Swing Timer:
Bullish. - The Main Indices:
Negative for all except for the SPY which is neutral.
Stock Selection:
I’ve again focused on post-earnings (mainly bullish) Big Money Footprint setups, but I would counsel patience and strict adherence to conservative profit protection.
** 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 London Stocks Summit on December 6th.
Lined up for later this year:
- Market Timing:
A significant upgrade to our Market Timing and Dashboard area is in the works. Stay tuned for any announcements.
- 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! - More Automation:
This is likely to result in an overhaul of our Home Hedge Fund / OVIcopilot application, relating to Market Timing and even some stock selection.
- Options Enhancements:
Key improvements have already been made to the Pricer and Analyzer, and more to be made soon. - Dynamic Earnings Calendar:
First release made and more improvements to follow.
More updates are on the way!
Upcoming Events:
Our Stocks VIP Summit in London is on the 6th of December! We’re going to upgrade this event, using the successes from Mayakoba as a blueprint.
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.
