Last week I said WiseTraders might just be the most exciting place to be in the trading world …
Not only have we nailed Market Direction once again, but we’re also launching some of the best tools available anywhere for stocks and options traders.
For trading and training, we’re developing and releasing like fury and these are tools that will transform your experience and performance. And we’re only accelerating!
Talking of practical training, we are just 8 short weeks until our Options Bootcamp in Riviera Maya where you’ll be using our latest technology, including many of these new tools that received another amazing reaction when I showcased them in the Telegram groups last week, and which you can see in this broadcast.
Instant chart loads, one-click options filtering and analysis, chart rewind, pattern recognition annotations on the charts, trade plan and options risk profiles on the charts …
Also on the agenda will be the latest insights of exciting new OVI research, which you’re going to want to see. I’ll be revealing more about this in the coming weeks.
What do all these mean? Better and faster analysis, better and faster insights, better and more efficient trading, and much more to come.
So, two weeks into the IRGC conflict and our bearish guidance is looking better and better. Remember, we’ve been signalling this for a long time, during which time there have been individual decent setups but with a volatile broader market backdrop.
In practical terms that meant – and I would repeat it every week – that you must protect your profits quickly. Some will go on to our P2 levels and many will retreat back from where they came. That’s exactly what happened.
And in bearish scenarios, by trading options you can avoid the requirement of margin if you buy puts. But you need to do it the right way and with the right stocks with appropriately liquid options.
Have a chat with us here to explore how you can benefit from our unique approach to options.
Market Outlook:
Last week I mentioned that my medium-term bearish forecast was looking even more likely. It’s coming to fruition before our very eyes. It may not be pretty, but there were solid reasons for my outlook.
It’ll continue being a bumpy ride, and I believe there will be more downside to come. A 10% drop from the highs has already been achieved by the IWM and I expect the SPY to follow suit. This is a great time to amp up your learning while the markets are like this. That’s why I’m releasing more practical educational tools like the chart rewind app and pattern recognition on the charts, so you can practice with no risk.
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:
Bearish, oversold. - The Main Indices OVIs:
DIA is neutral, the others are red.
Stock Selection:
The instant chart load continues to be a pleasure and game-changer! I ploughed through several hundred stocks in minutes – either manually or via the TradeFinders and Earnings Calendar.
I have identified a few candidates in both directions, but equally I’m happy with dry powder right now.
** 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:
- Instant Chart Data:
Just deployed last week – amazing!
- Market Timing:
A significant upgrade to our Market Timing and Dashboard area is in the works. Stay tuned for any announcements.
- OVI Upgrades:
Two huge upgrades are coming for the OVI!
First is a mechanism to increase the number of stocks and ETFs to be more readable.
Second is a new research project that dramatically reduces our universe (so saving time) while increasing the probability of a profitable move.
Both of these are game-changers.
- Options Enhancements:
The Analyzer upgrade is also deployed. Anyone can now trade options with complete visibility in just a click.
- More Automation:
All these enhancements are paving the way to more automation, and accelerated use of A.I. while avoiding the pitfalls of overfitting.
The result will be more precision and less time.
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.
