A number of solid gains last week as our oversold picks turned around from easy setups. All from low stock price levels and with low risk, so most gratifying!
And really, you don’t need to obsess over missing out on the high profile issues like TSLA and crypto stuff because our setups have moved in great percentages from lower price bases and were much safer.
This is the beauty of having a repeatable system and easy applications to find great setups.
This week I’m showing several more setups that look interesting with a couple of nuggets in there too.
I’m also showcasing the newly released Options Analyzer in what is its first round of upgrades. For Miami 2020 attendees we’ll have two back-to-back Mastermind sessions in early November to play with this excellent app, together with the OptionEasy Pricer and our options strategies Fast Filters.
As always, “Trade What You See”. Anticipate sure, but don’t pull the trigger until a proper setup happens and starts to break out (unless you’re doing my Pre-Earnings strategy and can handle the higher risk profile of that particular tactic).
Market Timing:
The Medium-Term Timer is not quite overbought, though soon we’ll have reconstituted the Short-Term Market Timer to help with faster moves.
The Long-Term Timer (OVIsi) is still yellow, but likely to turn back to half-green in the coming weeks.
The big issue right now is that we are in the middle of earnings, and that has produced big moves in both directions.
I have included a couple of interesting pre-earnings stocks this week, but remember they do come with a health warning particularly in this market conditions.
Market Outlook:
Last week I showed stocks with a bias to the upside. That was the right thing to do. I believe this coming week will be a bit flat, with possibly a downward retracement.
Stock Selection:
As with last week, today I have examples of pre-earnings, post-earnings and earnings-agnostic.
Application:
The clock is ticking for the next big wave of upgrades which will halve our time to analyze our stocks.
Today I show you how to view which Fast Filters any particular stock belongs to so you can look at others just like it. This process will be seamless within a few weeks, saving us all and extraordinary amount of time.
Again, I prefer to focus on setups near Key Levels, which takes just a couple of minutes with my pre-prepared Fast Filters.
The Short-Term Market Timer is making good progress and will also spawn a SPY trading signal … very exciting!
Software Upgrades
Today I demo the new OptionEasy Strategy Analyzer, with more to follow shortly. The old Analyzer is still available if you want to use that in the meantime.
The big upgrades of charts/watchlists/stock profile page / journal and TradeFinders above are only a few weeks away, and will be released in time for the WiseTraders Summit, for event attendees, so make sure you qualify!
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Remember, you can play the video at 1.25x or 1.5x speed to whizz through it faster if you like! I have placed all the stocks covered in today’s review in your “Latest Preview” watch list.