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Regardless of any political leanings, that was a memorable week in the markets.
Our prediction of a Trump win (following the lead of the betting markets) was correct, and if you tuned into our pre- and post election Masterclasses, you’d have seen how accurate we were in identifying the sectors and stocks that would be most likely to prevail with a Trump victory. I also said a Trump victory would be well received by the markets, which was also spot on.
If you haven’t yet seen that class, you’ll see just how good we are by watching the replay here.
Here’s a reminder of what I said last week:
“As for the election – my instinct is to go with the betting markets who have Trump as the more likely winner at 62% implied probability, vs. Harris at 38% … On the face of it I imagine a Trump win will be a boost for the markets”.
Look out for further communications via Telegram and email.
The Markets …
All four main indices popped on the election result from positions that had nervously pulled back the previous week. This suggests the markets were more surprised about the result than we were!
We’re now almost through earnings, meaning the double whammy of post news environment – earnings and the election.
This will provide us with plenty of setups, the only issue being that many stocks have already gapped up into overbought territory.
See below for Market Outlook.
Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
Last week I mentioned it was a shame not to be more aggressive with our pre-earnings strategy as it has a good record. Last week was a case in point, but if you do want to play pre-earnings moving forward, there are very important rules to follow, which I will give you at our Stocks Summit event on 7th December.
The indices are all overbought, and they’re likely to be in the mood to stay that way.
What you need to do is focus on the strong looking stocks that are not currently overbought.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish and not overbought. - The Main Indices:
All indices OVIs responding to the positive week with positive OVI readings.
Stock Selection:
Very soon, I’ll be making adjustments and additions to many of the Fast Filters to make them more efficient. Last week’s improvements made things much easier, and I can guarantee they will dramatically reduce the time needed to find our ideal setups.
Today, I’ve been interested in Post-Earnings setups and anything constructive that has not become overstretched.
I’ve made use of the new filter that highlights stocks within an ATR range of our Key Levels, which has brought excellent focus to what I’m most interested in finding.
At the London VIP Summit we’ll go through exercises where we can use the filter combinations to highlight great setups and save time.
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:
Last week we released the first phase of the new format for the TradeFinders, which are a big visual improvement.
Next up is a journal upgrade with broker token forms for Interactive Brokers. We’re looking at other brokers to integrate with as well.
Soon we’ll also deploy updated ‘How To’ video guides, and 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.
The full mobile phone (portrait) optimization is in the plan for the summer, and more dynamic notifications from inside the application will follow that. Lots to do!
Many more game-changing upgrades will be made in time for the London Stocks VIP Summit on December 7th.
Upcoming Events:
Our Stocks VIP Summit in London on 7th December will be the most practical ever, with half of the event dedicated to practical exercises and with the most bonuses ever.
This coming week I’m hosting a training session for Stocks VIP members on Wednesday at 9.30am ET. These sessions always produce nuggets of information and nuggets of trading ideas. Not to be missed.
Our Options VIP Bootcamp in Mayakoba will be on the 3rd and 4th of May! It’s going to be amazing! Rooming details will be available soon.
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.
