Only FOUR WEEKS until our Options Bootcamp where attendees will attain VIP status with full access to OptionEasy’s state-of-the-art tools in our most practical event ever, including exercises using the Smartphone optimized application!
What a spectacular week that was … We called it last weekend and again on Monday when I posted on our private Telegram Groups.
To make sure you never miss an alert, software update or market commentary join our free Telegram channel here.
As I mentioned last week while talking about options and how we train you in the correct and responsible way, a needlessly bad trade avoided is as valuable as a good trade made. The same applies for when you can see the market is biased in a particular direction.
And as you keep seeing week after week, our market timing and options tools are extraordinarily effective in this way.
Two weeks ago I said there was no easy fix for this market … and last week I explicitly reiterated our bearish stance.
Before my Market Outlook for the week ahead, just to remind you of two important things …
- Our smartphone optimized version of the Platform will be deployed this week and updated just before the Mayakoba event – I’m already an addict on the beta version!
- Another reminder that there are just 4 weeks until our Options Bootcamp in the beautiful Mayakoba!
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 said I was “reiterating a bearish stance“.
This week I’m suggesting to protect your profitable bearish positions, and if you’re in cash, stay in cash unless we see a compelling reversal bar.
In favour of a potential upward reversal we are technically very oversold right now, but we also have to acknowledge this is a rather crazy news-driven market prone to severe whipsaws.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Amber. - Medium Term Swing Timer:
Bearish and oversold. - The Main Indices:
All four main index ETFs have negative OVIs.
Stock Selection:
Pretty much everything went spectacularly right for us last week, and with the overstretched state of the market, this weekend I only have a couple of potentially interesting ones.
The key to consistency is to pick your playbook and stick to the best quality setups that conform to it. If the setups aren’t there, keep your powder dry for another time.
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:
Improved design inside the TradeFinders are making them look nice and tidy – that was done immediately after the Journal upgrades that I demonstrated during our VIP Group 1-2-1 training sessions.
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! - Mobile Experience:
It’s happening as we speak … our mobile platform will start its beta roll out this week, with an important upgrade scheduled for two weeks’ time. - Options Enhancements:
The Pricer has been upgraded in plenty of time for Mayakoba – take a look at the percent-to-double calculations!
More 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’ click-through 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 our best event ever! Rooming details are available and rooms are almost all booked up now.
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.
