If you didn’t appreciate how good we are at Market Direction by now, then surely you do now!
My prediction of a minimum 10% drop in the indices has already happened with the QQQ, DIA and IWM. The SPY will follow suit in due course.
Our ability to interpret market conditions is one of the Master Keys by which we create order out of chaos. We adapt accordingly.
I see too many people out there guessing, gambling and getting rinsed.
At the same time I see our WiseTraders members keeping calm and controlled. Either in cash or being utterly strategic in their approach.
If you want that serenity that may be lacking, then it’s time to bite the bullet and start learning.
That’s what our VIP events are all about. And the next one is in just 7 weeks, with our Options Bootcamp in Riviera Maya.
You’ll be using our latest technology, our latest algorithms and developing that sense of control.
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 …
In terms of market direction, our medium-term bearish guidance continues to pay off, either by keeping you safe or by profiting from bearish setups. By buying puts you can do this without margin … a serious advantage when you do it correctly and responsibly with liquid options.
Also, our E.D.G.E. trade plan ensures you protect your profits quickly, particularly in choppy conditions.
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 (remember it’s slow). - Medium Term Swing Timer:
Bearish, oversold (which can continue). - The Main Indices OVIs:
SPY is neutral, the others are red.
Stock Selection:
The instant chart load enables me to whizz through several hundred stocks in minutes – either manually through my static watchlists, or via the TradeFinders and Earnings Calendar.
My bears from last week were excellent. I have identified a few candidates in both directions, but you can also be 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.
