Only 7 weeks until our Stocks VIP Summit where I’ll be releasing our latest tools which you’ll be using in the room or online, whichever way you choose to attend.
Last week I mentioned that volatility was now here after several weeks warning it would happen. Now it is hear – and with earnings too – you have the chance to play a blinder.
That will entail being patient for our optimal post-earnings setups, and this cycle will include both bullish and bearish setups.
Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
There are a lot of bearish monorail bars showing over the past couple of weeks. It’s unusual for them to appear in context of an uninterrupted bullish cycle. They suggest short to medium term volatility and/or downside.
The SPY, DIA and QQQ are consolidating just above their 50-dma’s, while the IWM is displaying volatility that is likely to herald medium term downside. And that’s the theme … Short-term volatility and even some short-term upside for SPY, DIA and QQQ, and medium term downside for all the indices.
Overbought stocks are likely to continue faltering, while sound setups can still be considered on their own merits, bullish or bearish.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Emerging from bearish to very marginal bullish territory. - The Main Indices:
Neutral OVIs for the SPY, DIA and QQQ. Negative OVI for IWM.
Stock Selection:
** 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.
Today I’ve looked a several hundred stocks and a host of Big Money Footprint combinations. We’re not into the meat of earnings season yet, but it’s coming, so consider keeping dry powder for our favoured post-earnings setups.
My goto 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:
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.
