Big news … and it’s all to do with the Three Master Keys …
For the first time ever we are bundling OVI Markets Daily (Market Timing) with our VIP Stocks Summit membership.
That’s a huge upgrade in addition to the other new functions and filters (including Shrinking Retracements) within that package.
The markets …
The waterfall drop off the 50-dma didn’t materialize, but the energetic upwards rebound was accompanied by almost zero OVI participation from the main index ETFs.
Oil & Gas continues to perform well in accordance with expectations.
Within the main sectors there is little consistency, so it’s rather ambiguous out there right now.
After Labor Day things might become clearer, so it’s ok to take your time.
Market Outlook:
There’s much ambiguity in terms of price action, OVI, and sector inconsistencies, so I’m on the fence until after Labor Day.
In the meantime, we’ll focus on individual setups with a safety first outlook.
Watch the video for more detail.
The Main Indices:
All the indices have rebounded above their 50-dmas, but their OVIs aren’t playing ball yet.
Market Timers:
- Longer Term Market Timer (OVIsi):
Full green – just. Plenty of scope for changes in the coming weeks. - Medium Term Swing Timer:
Bullish for now. - Index OVIs:
The index OVIs remain neutral to bearish.
Fast Filters Stock Selection:
Again, somewhat light on nuggets this weeks, so focus on 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.
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:
ABT ADM ALLY AMPL BAX BMY CCL COF CTLT DOW DVN FNV HUBB INCY IQV JNJ LAZ LULU MDT NTNX RCL REPL RUN SHEL SPT SYF TECH UNH UNM VALE VLO VRTX VZ WM ZTS
Software Upgrades:
As per last week, expect some further cosmetics to be released soon, and it’s now full speed ahead for the TV channel.
Then the Journal app calculator. Then the charts upgrade, the broker API by popular demand, and also full mobile phone optimization. Lots to do!
As I mentioned last week, I’m also going to tweak the pullbacks algos to allow more to be in those lists.
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!
Events:
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.
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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.