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Battle Lines Finely Balanced Between Buyers and Sellers

Just FOUR weeks until Miami, and it’s getting very exciting! I’ll finish the manual this weekend, and as ever I’m determined to keep making things easier and easier for you. Fewer words and lists, more easy-to-understand graphics that you can learn quickly and visually.

That’s the OptionEasy ethos. I turned the entire options syllabus into pictures … with another big difference! My pictures MOVE so you can see what happens when any change is made. This way you can SEE what’s happening before your very eyes … and the picture tells you everything for any strategy!

A bit like how we turned options data into a simple picture – the OVI – and how that has empowered us to take advantage of ‘scarce information’.

We’ll be putting all this into practice in Miami during the event – if you have any questions about it, contact us here to see if it’s right for you and if you’re right for it!

So, what about the markets?

A marginal up-week for the main indices doesn’t tell the whole story, and they’re not all in sync in any case.

The Nasdaq is buoyant while the Dow and Russell struggle and the S&P flirts with not quite knowing what to do.

One common theme I’ve referred to over the past few weeks is that of the majority of likely setups not being of the best quality. That theme continues today, and contributes to my ongoing guidance.

I also mentioned how the S&P would be most likely to chaotically bounce around its Key Levels … which is exactly what has happened.

Market Outlook:

The S&P is clinging on for all its worth around its Key Levels. As I mentioned last week, a washout to the January, June and/or October lows would be best for everyone so we can get back to more robust technical conditions.

Watch the video for more detail.

The Main Indices:

The SPY continues to be chaotic thing around its Key Levels.

The QQQ continues to confound, but this seems likely to be short term.

The IWM’s is still looking good for further downside, though another test of its 200-dma would present the optimal opportunity.

The DIA is also looking weak just under its 200-dma with a negative OVI.

Market Timers:

  • Longer Term Market Timer (OVIsi): Still half-green but looking even more vulnerable this week than last week.
  • Medium Term Swing Timer: Negative and wobbling around in and out of that zone as I suggested last week.  
  • SPY OVI: Becoming less red than before, but price isn’t really responding either.

Fast Filters Stock Selection:

Challenging conditions continue to yield relatively small number of nuggets, but the ones we have unearthed broadly did not produce surprises. Again, focus on setups near the Key Levels (especially the 50- and 200-dma’s).

The key to good options trading is to match the options strategy to the stock setup. Whether you trade setups near the Key Levels or go for overstretched scenarios, options will give you more choices in terms of being rewarded actively or passively.

In Miami I’ll show you how to focus on “great value” options on stocks setting up nicely for our bread & butter strategy, as well as other more exotic strategies.

Here is a smaller list of stocks that look interesting for our consideration. Remember to reference the video so you know what my sentiment is on each one:


Software Upgrades:

Here are some of the Miami upgrades that will save you time and make you a better options trader.

  • Overbought/Oversold filters (great for credit spreads) … we’ll cover this in Miami.
  • Shrinking retracements filters / watchlists (ideal for your bread, butter and also plenty of jam!) … again to be covered in Miami.
  • OptionEasy Pricer at the side of the chart (will save you hours each day)
  • OptionEasy Analyzer at the side of the chart (will save you days each week!)

Also, our revamped education suite is accelerating its new release, so you can take better advantage of our unique content and also test yourself with our quizzes!

And that’s not all … Very soon after Miami I’ll be deploying a whole new Journal app with an inbuilt calculator for you to be in control of risk at all times.

Then there will be the TV component so you can watch our education content or your mentors right next to the chart you’re looking at. And then there will be wholesale upgrades to the charts too.

Stay in touch to discover more as we unveil best-of-breed applications!


The OptionEasy Bootcamp on 22-23 April is only FOUR WEEKS away, and our corporate room rates are running out quickly. With all the upgrades coming, this will be our best ever. It’s at the National Hotel on South Beach Miami, and we’ll also be broadcasting live and recording it. I will be unveiling more upgrades and findings, making all of our trading more precise and more efficient.

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.

PS. If you’re interested in any of our OVI trading services for stocks or options such as a fast-track mentorship or workshop event, book yourself an appointment here to speak with us. Many of our members aren’t aware of all the services we offer to help you become a more ‘informed’ and confident trader with the OVI. Remember, everyone is an individual, and we ensure that we can cater to you and your particular needs.

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