If market conditions change you have to be adaptable. Being wedded to an opinion will destroy a trading account.
The S&P and Nasdaq did “nudge higher” last week, but only until Friday when the broad markets caught a chill over fears of stagflation, tarrifs etc.
Two things to mention before getting into my market outlook for the week ahead …
- Very soon we’re going mobile! That’s what I was testing while up in the Alps … the raw power of our applications while you’re on the move on a smartphone device.
- Time is really flying now … There are just 10 weeks until our once-in-a-lifetime game-changing Options Bootcamp in beautiful Mayakoba!
This Bootcamp is transformational, and this year you’ll be doing more exercises, finding optimal trades from your mobile device as well as your tablet or laptop.
Talking of mobile, our communications can be very valuable to you, so please make sure you never miss an alert, software update or market commentary join our free Telegram channel here.
Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
In last week’s review I mentioned that it looked like the markets wanted to nudge upwards, though I did attach caution to my sentiment.
And for a couple of days they did nudge upwards, before collapsing on Friday under the strain of worries about stagflation, tariffs etc.
This is now the third Friday out of four where the main indices have endured an open-high close-low. This suggests to me that it’s three strikes and now there will be some downside.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bearish … just dipping below its neutral line. - The Main Indices:
The OVI is red for the IWM, and just dipping into negative territory for the other indices.
Stock Selection:
This week I’ve looked deeper into overbought scenarios and bearish OVI setups near Key Levels.
The key to consistency is to 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:
Journal Notes are now showing up on your charts!
Many more game-changing upgrades will be made in time for the Mayakoba Options VIP Bootcamp on May 3rd – 4th.
We’ve got some big updates lined up for this year:
- 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! - Focus on Stocks that Could Move Bigger and Faster:
Soon I’ll have a filter you can use for stocks with potentials for larger moves in either direction.
- Journal Upgrade:
Phase 1 and 2 are both deployed, and there’s much much more to come in due course! - TradeFinder Fast Filters Metro Tiles:
A much easier way to filter through the various Fast Filters. Done! - Mobile Experience:
It’s only around the corner now … our mobile platform will start its roll out, complete with dynamic notifications to enhance your trading experience. - Options Enhancements:
Several key upgrades to our options tools are coming soon, alongside major research insights we can’t wait to share with you. - Updated ‘How To’ Video Guides.
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.
More updates are on the way!
Upcoming Events:
Our Options VIP Bootcamp in Mayakoba is on the 3rd and 4th of May! It’s going to be amazing! Rooming details are now available.
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.
