Latest News
Mixed Signs of Overbought So Stick With Good Value
Greetings from the mainland of Greece! The SPY, QQQ and DIA are technically overbought while the IWM is lagging as it often does in bullish markets. This gives us interesting opportunities. That doesn’t mean the big indices can’t keep running for a while, but the chances of a pullback will increase by the day. You need to watch the signs – for example a monorail reversal bar from an overbought position is often an indication of exhaustion. If you’re sticking to our guidance to focus on Big Money Footprint stocks that are still close to their 50-day or 200-day Key Levels, then you won’t be getting suckered into overbought issues in any case. In the past week several of our setups made good progress and a number are still valid for consideration this week.
Market reviews and blogs
Your best source of investment news from WiseTraders and Guy Cohen.
The Bulls Are In Control But There’s Still Value Out There
Within hours of my write-up last week, the world changed! Energy and defence stocks were old hat, tech and finance
A Pullback Would Be Optimal
With such high stakes geopolitical uncertainty in the air, a controlled pullback would be a gift. Overall, you can see
Focusing On The Most Obvious Sectors
Friday’s escalation of events in the Middle East have got the markets guessing what next. Until then, they’d broadly still
You Must Take Partial Profits at the P1 Profit Target
Hi Everyone A couple of months ago I was privileged to meet two people who have made an phenomenal success from trading with my methods. By this I mean they had multiplied their account TEN-fold…
Improvements to the OVI Traders Club
You may have noticed some improvements to the OVI Traders Club recently. Here’s a quick run-through: 1. If you’re also a member of FlagTrader, you’ll notice a FlagTrader tab appear at the t…
Pretty vs Ugly Charts
A quick note today where I want to highlight the difference between a good looking chart and an ugly chart. To be clear I only go for the pretty ones! So, what constitutes pretty? &n…
Do Not Worry, The Markets Are Choppy
Before I start, remember, we have my OVI Traders Club webinar tutorial this week. It will be recorded, so either be sure to attend or watch the recording. Here’s the link if you haven’t re…
Quality Not Quantity
Quick announcement – some of you may have noticed new improvements to the OVI Traders Club website, which has been keeping me busy. There are more to come and I’ll be reviewing them with you in …
The OVI Tips Its Hat
There’s an old expression in trading that says, “Let the market tip its hat …”. The meaning is essentially “Let the market show you where it’s going”. It’s a nice little saying but wh…
Dummies Guide to the Debt Crisis
Quick market update … the main indices have snapped back sharply today. This is typical behaviour after a decent drop – we’ll know more in the next few days, but if you were short you easily h…
OVI Power!
I’m sure I don’t need to harp on about how good the OVI is … but seriously … it is ridiculously good!! We’ve known for some time now that the markets weren’t happy. The S&P O…
Sell in May?
Well the charts look bearish, the OVI looks bearish and the count of flags looks bearish. On the other hand the S&P is sitting at a key support level that could bounce back up. My hunc…
S&P Still Flirting with Support, and AAPL’s Big Influence
The markets are still flirting with the support levels I mentioned yesterday. The S&P is marginally up having started strongly and I’ll make a wager that when you refresh this chart you’l…