Our new automated stock selector has achieved a win rate of 69%, which is extraordinary when you consider it doesn’t actively manage the trades. You can further improve the stats by some simple trade management which is something I teach with passion as it can literally make all the difference.
Something else we do that makes all the difference is our commitment to automation. Today I focus on two fantastic setups that took just one click to find. That’s pretty automated.
As I mentioned last week we’re about to release some exciting new design enhancements for the Summit even, which will lead to further platform upgrades.
The result is all that matters. And that result will be you becoming better at trading.
In terms of market behavior this week, despite an extraordinary Thursday, as I predicted we did see new lows, we did see 350 hit on the SPY, and now earnings is upon us, we’re likely to see continued volatility.
As I’ve mentioned over the last few weeks:
Focus on OVI setups around Key Levels, and you’ll be miles ahead of 90% of everyone else out there, while spending just a fraction of the time they do.
Market Outlook:
Last week I said:
The likelihood of 350 on the SPY being hit remains very strong.
Thursday gapped open below that level before the huge comeback. But Friday’s substantial give-back says a lot. Regardless of what happens at earnings, we’re likely to break to new lows in due course.
The Main Indices:
Last week I mentioned that new lows are more likely to occur before the next retracement. In theory we’re in that retracement now.
Market Timers:
- Longer Term Market Timer (OVIsi): Red, and likely to stay red for this coming week.
- Medium Term Swing Timer: Negative
- SPY OVI: Bearish
The medium term outlook is volatility as we navigate earnings season.
Fast Filters Stock Selection:
Some more excellent highlights made last week, proving that while market conditions are challenging, we are still able to make great picks.
A sub-section of today’s watchlist is as follows:
ADM AGL ARMK BROS CGNX CHWY FAST FCX FUTU HOOD IRDM JEF LKQ LULU MANH MOS ON ONON OSH PRGO PWR PYPL RIVN ROST TOST TTD WOLF WSM WWE
Software Upgrades:
The new upgraded ‘ACE’ automated stock picker has been finalized and will be available for the London Stocks Summit.
The VIP Chart upgrade is in process. The Trade Plan directly from the charts is the next big priority after that!
Further large upgrades will be deployed in the next few weeks, with Summit VIP members also receiving another very important additional filter, which I’ll talk about over the coming weeks.
An improved Market Timer indicator is also being researched.
Events:
The WiseTraders Summit on 3rd December is going to be our best ever, packed full of upgrades and improvements. It’s at the London Courtyard Marriott Heathrow, 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.
The Foundation Day will be on 26th November, by remote live stream.
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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.