Sometimes you just nail it, and last week we did just that with market direction heading downwards.
Curiously, many of the best looking bearish stocks didn’t move nearly as much as their setups suggested.
Post earnings has been a damp squib, and that may play a part in evaluating the next few weeks.
Two things to mention before getting into my market outlook for the week ahead …
- Get ready … very soon we’re going mobile! Imagine finding Big Money setups while you’re on the move on a smartphone device.
- Time is unrelenting … There are just 9 weeks until our Options Bootcamp in beautiful Mayakoba!
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Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
In last week’s review I called the market down after another bearish Friday.
This week there were no Friday blues. Is the reversal enough to kick-start some serious bullish momentum? I’m not sure about that yet.
Post earnings has seen little bullish follow-through, and this typically means the broad market won’t have much to shout about over the coming weeks.
I do however, expect some short-term bullish follow-through, which is why most of my attention is on bullish setups this week. But, how long that lasts in the broader context remains to be seen.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bearish … but pointing back upwards having been oversold. - The Main Indices:
Red for all four indices.
Stock Selection:
This week I’m back to looking at bullish OVI setups near Key Levels. These include pullbacks and post-earnings setups.
The key to consistency is to 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! 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:
Journal Notes are now showing up on your charts!
Many more game-changing upgrades will be made in time for the Mayakoba Options VIP Bootcamp on May 3rd – 4th.
We’ve got some big updates lined up for this year:
- 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! - Focus on Stocks that Could Move Bigger and Faster:
Soon I’ll have a filter you can use for stocks with potentials for larger moves in either direction.
- Journal Upgrade:
Phase 1 and 2 are both deployed, and there’s much much more to come in due course! - Mobile Experience:
It’s only around the corner now … our mobile platform will start its roll out, complete with dynamic notifications to enhance your trading experience. - Options Enhancements:
Several key upgrades to our options tools are coming soon, alongside major research insights we can’t wait to share with you. - Updated ‘How To’ Video Guides.
We’ve already deployed a handy ‘How To’ click-through guide to help you navigate the platform. We’ll also be upgrading the Fast Filters still further.
More updates are on the way!
Upcoming Events:
Our Options VIP Bootcamp in Mayakoba is on the 3rd and 4th of May! It’s going to be our best event ever! Rooming details are available and rooms are almost all booked up now.
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.
