Yesterday we held a live webinar that was the first of its kind anywhere!
We held it INSIDE our groundbreaking platform so you could play with the charts while viewing the video even if you only have a single monitor.
And despite the inevitable first night wrinkles, the feedback was unanimously positive and excited.
Which is why right now, you can also watch today’s OVI Market Review INSIDE the platform as a video on-demand!
How to Watch This Video
- 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”
If you have multiple screens, you can pop out the video by mousing over the video itself where you’ll see a “picture-in-picture” icon, and if you only have one screen you can watch it next to the charts or maximize the video window to full screen. That’s your choice!
Also, look at Guy’s Expert Watchlists and you’ll see my condensed list of stocks for this week.
Now for the markets …
As suggested the indices falls did slow down. Friday’s action started optimistically, but each of the major indices finished with bearish momentum bars, opening at their highs and closing at their lows. That suggests new lows are likely despite the indices being oversold.
Our Market Timing continues to be exceptional, providing huge value.
That’s why I’m including our Market Timing service (OVI Markets Daily) with our Stocks Summit VIP membership. That’s a $2,364 bonus … for FREE.
Follow this link for details.
Regardless of the overall confidence of market conditions (in either direction) you’ll always benefit from being fussy and focusing on clear Big Money Footprints near Key Levels.
While the market is oversold, Friday’s bearish momentum bar suggests this bearish snap isn’t quite done yet. None of the sector ETFs looks particularly promising, but industrials and financials look particularly vulnerable, positioned as they are directly below a Key Level.
Watch the video for more detail.
The Main Indices:
The S&P has dropped to within spitting distance of its 200-dma, while the QQQ is in no man’s land between its 50- and 200-dmas.
The DIA and IWM are vastly different in their compositions, but both have recently dropped below their 200-dmas and are consolidating.
Again, Friday’s bearish momentum bars suggest further weakness, but from already oversold positions. This means the likelihood for whipsaws is high.
- Longer Term Market Timer (OVIsi):
At last, it finally turned amber.
- Medium Term Swing Timer:
Bearish and oversold.
- Index OVIs:
The index OVIs are all solidly in red territory.
Fast Filters Stock Selection:
It’s Groundhog Day! Again, we’ll be light on nuggets this week, so focus on those high quality setups near Key Levels.
Of all the Big Money Footprints, the most important are OVI, Shrinking Retracements, and Key Levels. The others are also very helpful, but those three are the ones I look for first.
Last week I showed you the power of combining a momentum bar with the Big Money Footprints, and there are many examples of that paying off over the past few days. VIP members can use this filter, and today I’ll show you how.
Here is a smaller list of stocks that look interesting for our consideration. Very soon I will only post this in our new Expert Watchlists area, so you’ll have to log in to see it. Market Timing will also go inside a login soon. Remember to reference the video so you know what my sentiment is on each stock listed:
ARKK AYX BLDR CELH DIA GOGL GPRK IBM KMX MA MCO MRTX MTDR OZK PERI ROL SYF TEX XLF XLI ZG
Live and on-demand TV facility were released on the platform last week. We’ll keep improving the technology as we go along, and keep adding more essential functions too.
Moving forward, we’ll be deploying the new Journal app calculator, and then the charts upgrade, which will pave the way to the broker API by popular demand, and also full mobile phone (portrait) optimization. Lots to do!
Many more game-changing upgrades will be made in time for the London Stocks Summit on December 2nd.
Stay in touch to discover more as we unveil best-of-breed applications!
Our Stocks Summit in London on 2nd December will be the most practical ever, and with the most bonuses ever.
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. These practicals will include Market Timing and specific stock strategies, and will only take 15-minutes for you to complete. This will give you the confidence to use our tools to their maximum potential while saving you huge amounts of time.
We’ll have the Foundation Day online the Saturday before the big event so we can focus on more of these practicals during the event.
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.