Despite yesterday’s rally I’m somewhat lukewarm about this market and want to see more tangible clustering of our favourite setups. CME did break out nicely yesterday and many stocks did make some mini reversals.
Talking of which, I’ve deployed an upgrade to both Turnaround Trader and the Reversal TradeFinder in OVI Traders Club. These upgrades include a new filter for longer-ranged bars and new Fast-Filters which you can instantly click on and edit if you like.
Additional significant upgrades are on the way during the next few weeks where we’ll bring all of our sites into line, including being able to share your favourite stocks across all TradeFinders, save-and-load your favourite filters across all TradeFinders, tiered favourites lists so you can identify why and when you added stocks to your favourites, and much more.
Dr Ryan Davies
Lastly, a big thank you to OVI Trader, Dr Ryan Davies from Oregon, who wrote in this weekend to share his successes with me. He’s up $120,000 since December, trading deep ITM options, with his larger wins on AVGO, CRUS, KR, SWKS and ULTA. I’ll be talking more about Ryan over the coming months, but take a look at those stocks and see what they have in common. Here’s a hint: persistent OVI in the context of an uptrend!
Most gratifying about Ryan is that he’s done the rounds of trading applications and was close to calling it quits, but he found us just in time, using our approach of high probability breakouts with the OVI, and key reversals, both managed with my dynamic trailing stop technique. Another key point: he keeps things simple and only goes with the choicest cuts.
