The markets continue to rumble upwards even while Greece burns in its latest austerity efforts. The main indices have continued with their rising trends and our BETA version of the “OVI Dashboard” last week showed the shape of the week to come.
The Dashboard gives a visual representation of how we view the markets daily in terms of the OVI, flags and trends. Each pie represents a different combination of filters and displays the number of stocks in the blue (bullish) and red (bearish) segments. In the full version you’ll be able to click on each pie for a larger view, and full members will be able to see the list of stocks that are in the counts.
The entire design is with a mobile App in mind. We hope to release a desktop version in the next few weeks, with Apps for iPhones and Android smartphones coming soon after.
Here’s just another snippet, but more improvements are happening with this every day before we release it. You’ll be able to expand each pie and members will be able to view the lists of stocks
OVI Dashboard BETA
Gold and Silver have failed to breakout since I mentioned them – but that’s ok … no breakout means no losses. RIG has come back to the breakout area, which means you could bail out of that one if you wanted.
In the meantime AAPL has hit $500 – that’s now $90 above my initial breakout area at the turn of the year. It’s also more than $40 higher than its post earnings breakout gap.
AAPL
As you can see, AAPL formed a second and third bull flags immediately after gapping up at earnings at the end of January. Both these flags (just below $460) provided good plays for us on their breakouts, but many of us were onto the beginning of January breakout at $410. The OVI is still strong with AAPL but at some point it’s going to need a rest.
All the best
Guy