You’ll have seen the Help upgrades last week, and there will be more this week, including ATR on the charts which I’ll walk you through soon.
The full ‘TradeFinder from the Charts’ capability is getting closer and closer, meaning a 50-70% increase in our efficiency to find great setups!
Onto the markets …
Last week I said TWYS suggested bullish, but there was a but!
The outcome was that TWYS was bullish and there was no but!
TWYS wins!
The three main markets broke into new highs, and the IWM isn’t far behind.
Last week’s highlighted stocks did well, and this week is slightly more challenging with few stocks setting up optimally around Key Levels.
See below for Market Outlook.
Another reminder, to ensure you keep getting my reviews and communications, please register for our Telegram channel here.
https://t.me/wisetradersovi
The Best Way to Watch This Video:
So you can view the charts at the same time:
- Log into the members area: https://members.wisetraders.com
- Click on Platform (top right)
- Click on TV within the Platform (top right)
- Choose “On Demand”
- Play
Market Outlook:
Watch the video for more detail.
Post earnings continues to be constructive where the OVI has featured.
Last week I said “there is upside potential, but don’t take it for granted as one twitch could spark a nasty whipsaw”.
That didn’t happen last week, but now we’re somewhat extended that likelihood is much greater.
So, play each trade by its merits, be cautious with your P1 profit targets … Protect them quickly.
Our market timing is a real strength that few others possess. Being good at market timing enables you to swim WITH the tide.
The Main Indices:
All the indices are extended past their 50-dmas. A modest pullback is likely.
Keep sticking with our game plan of AAA setups near Key Levels.
Don’t get distracted by missed opportunities.
Market Timers:
- Longer Term Market Timer (OVIsi):
Half green. - Medium Term Swing Timer:
Bullish. - Index OVIs:
All blue.
Fast Filters Stock Selection:
This week I’ve continued to focus on post-earnings setups which have served us so well, along with OVI consolidations and other Big Money Footprints, especially near Key Levels and with Shrinking Retracements.
Remember a chart needs to have the right qualities in order for you to consider trading it.
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 desirable but those four are essential to ME!
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.
Software Upgrades:
Ongoing tweaks and improvements. The new Support functions have been received well, and we’ll be updating the videos to catch up with our relentless deployment schedule.
After the TradeFinder from Charts, next will be Journalling 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.
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.
Like we just did in Orlando, each session will have a practical exercise for you to complete, so you can build your confidence in finding the exact type of setup you want to focus on. Easily by the event, all your TradeFinder activities will be directly from the charts, saving you huge amounts of time.
The Options Bootcamp recordings are up now and organised into their relevant chapters for easy viewing.
Watch today’s market review inside the members area here! To the left is the Watchlist area. To the right is the TV area.
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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.
