🎅🏻 Wishing you a very Happy Christmas during this week ahead. 🎅🏻
Interestingly, while last week’s highighted stocks were predominantly bullish – and in the main they responded accordingly – the indices had a challenging week, with a twist on Friday.
With two shortened weeks ahead there can still be opportunities, and by the time New Year arrives we’ll be in pre-earnings.
Last week I kept the recording to 30-minutes, and this week I’ve shortened it further by concentrating my stock searches on a constrained universe of stocks.
Market Outlook:
Last week I chose to not make a market direction forecast, but highlighted some decent low risk setups. PLTR was one that broke out nicely.
Friday’s recovery in the SPY and QQQ suggests some short term relief and some modest upside.
Again, this week’s highlighted stocks are predominantly bullish.
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 and not oversold. - The Main Indices:
Neutral OVI readings for SPY and QQQ. Marginally red OVI for IWM and marginally blue OVI for DIA. Not really enough information for a definitive take.
Stock Selection:
Being strict with our Big Money Footprints on highly liquid stocks rarely lets us down. And despite a challenging week for the indices, the best looking stocks – like PLTR – responded in the correct fashion.
In response to your expressed preferences I’m focusing on a much narrower universe of stocks now, with liquidy being a prerequisite.
** 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:
- Market Timing:
A significant upgrade to our Market Timing and Dashboard area is in the works. Stay tuned for any announcements.
- 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! - More Automation:
This is likely to result in an overhaul of our Home Hedge Fund / OVIcopilot application, relating to Market Timing and even some stock selection.
- Options Enhancements:
Key improvements have already been made to the Pricer and Analyzer, and more to be made soon. - Dynamic Earnings Calendar:
First release made and more improvements to follow.
More updates are on the way!
Upcoming Events:
Our Stocks VIP Summit in London is on the 6th of December! We’re going to upgrade this event, using the successes from Mayakoba as a blueprint.
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
—
—
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.
