It’s been a good week for the major indices and most of my recent regular stocks, and I know from many OVI members that it’s been a good week for them too!
More about that in a moment …
Major OVI tech advances
It’s also been a splendid week for us in the OVI tech team.
We will be launching the new OVI Private Club website this week, which you’ll be able to use alongside the existing site.
The mobile optimised framework is now in place. The second phase will be updating the look and feel of the embedded applications (like the TradeFinders and WatchLists) later this year.
In the meantime the OVI Stocks and Options Mentorships websites have also just been re-released, and looking great too, with more to follow later in the year!
There’s also the Stocks and Options Workshops websites which have been done, which just leaves the FlagTrader and OptionEasy websites in the next few weeks.
As with the OPC, each website’s embedded applications will all be updated in the next wave of development.
But that’s not all …
In the research team we’ve also been working very hard at the underlying quantitative analysis work that underpins our unique trading advantage.
This will result in a new OVIcopilot that is our semi-automated trading system.
Something you’ll be hearing from me often is that I passionately believe in not just being spoon fed, but in also understanding how to fish for yourself.
This is why most of my applications are empowering tools rather than spoon-feeding tools.
However, there is scope for both, but the condition for having the OVIcopilot is that you also embrace the ability to trade for yourself – using OVI tools of course.
Over 24 years ago when I was very ill with a so-called incurable gastrointestinal condition, I was cured from it by an amazing man who was already in his mid 70s at the time. As my recovery became tangible I realised I would have to learn how to manage myself in years to come when he would no longer be around to help me. So I made sure I learned how to keep myself healthy while also still going to his hypnotherapy sessions.
This gave me the best of both worlds … I got the fish from the session and I got the rod from learning relaxation and meditation techniques for myself. And of course when Geoffrey passed away I was able to retain full health because I had acquired the tools to manage myself.
The parallel here is that the OVIcopilot is like giving you the fish, while my other tools like FlagTrader, OVI Private Club, and OptionEasy are like having the rod and great technique to fish for yourself.
Back to the markets
After a hiccup on Tuesday, the main indices are now forming bull flags and it would seem we’re set fair for some breakouts imminently, though the short term (one and two month) moving averages are still biased to the bearish side.
This means we could be on the point of confirming a new general uptrend, but that is by no means certain yet.
What is clear is that – like last week – there are good setups in both directions.
What is most inspiring is the number of people who are turning their own corners over the last few weeks. I personally know of many individuals who have reported huge improvements recently because they are now sticking to the correct trading plan, and have put in place a trading routine that suits them as individuals.
For that I must also thank Glenn and my support team.