Earnings Season is here, and constructive setups are already forming.
That doesn’t mean you have to rush – we’ve barely started and there are another five big weeks of earnings announcements to follow, and there’s the post earnings month that follows.
So, you can afford to be patient … there are 2 months to be super fussy. And make use of our amazing Earnings Calendar application!
In today’s recording, I’ve again kept it under 30-minutes, with plenty of decent setups and excellent resolutions to previous weeks’ setups.
Talking about resolutions, I’m told that last Friday (the second Friday of January) is known as Quitters Day, where most people have already given up on their New Year’s Resolutions!
Then there’s Blue Monday, which is on January 19th … apparently the year’s most depressing day (I’m assuming in the northern hemisphere!).
So, to counteract that … to ensure you neither quit nor experience any kind of trading blues, we have two rays of sunshine!
First, participate – passively if you prefer – in our Telegram groups. Share ideas (nicely!) and hear some others. Talk about my reviews, get involved! If you think you need a refresher 15-minutes with one of my team, grab a spot here.
Second, our Options Bootcamp is in Mayakoba, Riviera Maya, Mexico after last year’s wonderful event at the same venue. Consider a luxurious workation with us there … it’s an amazing experience, and this year will include further enhancements that I can’t wait to unveil.
If that sounds tempting, have a chat with us here.
Market Outlook:
A peculiar start to this earnings season.
The signs pointed to a positive earnings season but only the IWM is up on the week after many of the financials got the chills from potential caps on their credit card fees (too right!).
There’s a long way to go, and the indices weathered those sharp declines pretty well.
We are in a high-expecation market right now, and geopolitical uncertainty remains, albeit with some major upside. So, moribund announcements will be punished, but there’s still plenty of upside to be had. Crypto related issues are potentially stirring, and there are plenty of stocks that look decent without having already been overbought.
For now, we remain more focused on bullish setups, though we have unearthed a couple of bearish gems recently, which you can see again today.
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, just. - The Main Indices:
A real hodgepodge, which is unusual. SPY’s OVI is neutral. DIA and QQQ negative, and IWM positive.
Stock Selection:
Earnings starts to creep into the equation this week. Make sure you use the Earnings Calendar.
I reviewed all my manual watchlists this week even if they didn’t appear in searches. IWM is overbought, and even if there’s further upside, I don’t chase.
** 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 Mayakoba Options Bootcamp on 9-10 May.
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 Options Bootcamp in Mayakoba, Riviera May, Mexico is on May 9-10th! It’s going to be super practical, using all the new enhancements to be released especially for the event. Don’t think you can do options? I’ll prove you wrong!
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.
