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https://t.me/wisetradersovi
Webinar This Coming Thursday:
Look out for a webinar invite for this upcoming Thursday where I’ll talk about the use of AI in trading, AI stocks and how you can use our OVI Big Money Footprint system optimally.
The Markets …
Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.
See below for Market Outlook.
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://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.
This is interesting from last week because it still applies now:
While turning to bullish I also mentioned the possibility of further raggedness … But overall bullish was correct, and there’s every reason to continue with that outlook.
This too still applies:
The only wrinkle is that one of our ‘mean reversion’ pies in the OVI Dashboard is signalling overbought. This is the pie that counts the number of stocks with OVI moving averages above (green) and below (red) particular thresholds. Currently this pie is at levels that have often produced reversals soon after.
The counterweight to this is that the markets aren’t overbought at this time, and there are many decent setups around Key Levels right now. So, stick with those and be vigilant about protecting your profits early.
Our market timing continues to be outstanding. Being good at market timing enables you to swim WITH the tide at the right time.
The Main Indices:
The Dow edged up to overbought levels while the other indices have drifted sideways.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish. - Index OVIs:
All blue.
Fast Filters Stock Selection:
Like last week, today was easy to find excellent setups. First, I reviewed last week’s stocks that I referenced. Then I fast-filtered for my favorite setups including OVI, Key Levels and Shrinking Retracements. And finally I went through my personal static watchlists.
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!
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. **
Software Upgrades:
Soon we’ll deploy the updated ‘How To’ video guides, and we’ve already deployed a handy ‘How To’ clickthrough guide to help you navigate the platform.
Next up is the journaling 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.
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.
