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Major upgrades were deployed this week, with more coming in the next two weeks and before our Summit on 7th December. These are game-changers, particularly to the VIP areas.
Two new Key Levels filters (one for near and one for far away) and a 30-day price extreme filter will produce new Fast Filters and serious efficiencies to our existing strategies.
Yesterday’s ‘Time Poor’ webinar replay with Jay is here, and he’ll also be making improvements this coming week now these new filters have been deployed.
Look out for communications via Telegram and email.
The Markets …
Of the four main indices, only the QQQ made a temporary new high last week, with the DIA and IWM pulling back to their 50-dma’s and the SPY to its 20-dma in a week whose untidiness was anticipated.
This generally means you must be ultra discerning and protect profits early as per our EDGE trade plan.
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.
If you look at the OVI Dashboard pies, the pre-earnings sentiment looks 3/4 bullish, but the post-earnings reality has been more mixed at 50/50.
This reflects the general untidiness out there. As I mentioned over the last two weeks, I would continue to be cautious with pre-earnings setups, and focus on our favored post-earnings setups as and when they occur.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish. - The Main Indices:
The DIA and IWM are showing slightly negative OVIs, while the SPY and QQQ OVIs have been changeable.
Stock Selection:
With the new filters being deployed I’ve been able to be super efficient with my stock research, and will soon update my Fast Filters.
Specifically, I’ve made use of the new filter that highlights stocks within an ATR range of our Key Levels.
I’ve also been able to look for overbought issues using another new filter highlighting stocks beyond an ATR range of our Key Levels.
With new constraints I’m able to speed up my processes if I choose to.
At the London event we’ll go through exercises where we can use the filter combinations to highlight great setups and save time.
This week I went through my static watchlists and manually adapted my Fast Filters. During the last two weeks, it had felt challenging to find plum setups near our favoured Key Levels. That told me that conditions were likely to be choppy – which they were!
This week it was easier, partly because I was playing with the new filters, though many decent looking setups are qualified as earnings on those stocks are due in the next week or two.
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:
New filters have arrived for VIPs. Next up is a marked improvement to the TradeFinder format and I’ll be revising all the Fast Filters soon too.
Soon we’ll 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.
And of course there’s the journaling from the charts which will pave the way for:
- A link to a broker platform from the enhanced Journal app directly from the charts to make life much easier for you.
Imagine knowing if an options trade is in line with or violates your stated risk parameters!
We’ve already built the calculator engine, it just needs to be deployed. - More indicators to choose from inside our OVI charts …
Not so much for me personally, but I know many members do like to play!
Also, 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 Summit on December 7th.
Upcoming Events:
Our Stocks 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.
Also, we just finalized details for our Options Bootcamp in Mayakoba, Mexico on the 3rd and 4th of May! It’s going to be amazing!
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.
