Last week’s market timing commentary suggested choppiness, which we got, and now the markets do look like they’re inclined for more upside.
See below for my outlook for the week ahead.
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Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
After three weeks of sideways action, we look poised for upside, though with some caution during a highly news-senstitive time. Ukraine and the Middle East have the potential to create shockwaves, so you do have to be vigilent about protecting your profits quickly. That’s the third of our 3 Master Keys.
It’s still a stock picker’s environment where the more obvious setups (unambiguous OVI, corresponding Shrinking Retracements, near Key Levels) are prevailing. Add a post-earnings filter to that and you’ll find a few interesting ideas!
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish … just, having bounced off its neutral line. - The Main Indices:
Blue OVIs for SPY, QQQ and DIA. Slightly red for IWM.
Stock Selection:
This week’s review has more emphasis on post-earnings setups. These have proved the most fruitful over many years, and this should always be a time of interest for you, particularly with OVI Big Money Footprint setups forming 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:
Due to some bugginess, we couldn’t deploy the Journal Notes showing up on your charts last week! We’ll get there, but in the meantime there are other big commitments we need to focus on.
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 is already deployed, and there’s much much more to come in a matter of days! - TradeFinder Fast Filters Metro Tiles:
A much easier way to filter through the various Fast Filters. Done! - Mobile Experience:
By spring, our mobile platform will 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.
