Our Options VIP ‘1-2-1’ sessions have been a huge success so I’ll look to repeat them for our upcoming Stocks VIP Summit.
The Telegram groups are also purring nicely – it’s so helpful to share your learnings in these groups.
Please ensure you keep getting my reviews and communications by being in our Telegram channel here.
https://t.me/wisetradersovi
Upcoming Webinar:
This Thursday we’re holding a “Time Poor TURBO” session. This will be 45-minutes MAXIMUM, short and sweet for anyone who finds it a struggle to fit trading activity in.
We’ve got it honed, using our highly constrained Fast Filters and our Rapid Routine that you can follow in a few minutes.
Make sure you register when the invite comes out.
The Markets …
An amazing week where on Thursday the markets decided that everything was rosy in the garden after all, and the bearish pullback/consolidations suddenly turned into bullish gap ups, many above important Key Levels!
That’s the craziness of current conditions, but while all that is going on, our third Master Key of trading really came to the fore, showing its value.
This time last week – and pretty much until Thursday – the most plausible viewpoint was that the market was pulling back and consolidating in anticipation of more downside.
But here’s where our E.D.G.E trade plan did its fine work.
First, we’re only interested in neat setups. And second they have to actually confirm with a breakout.
Hardly anything broke to the downside meaning “No breakout, no losses”.
Remember, our Three Master Keys … (1) Market Timing, (2) Stock Selection, (3) Trade Plan … Each has an important purpose.
Remember also from last week:
In time things will settle around the areas of higher probability technical levels, giving us the prime opportunities that we like best.
See below for Market Outlook.
How to Watch This Video:
The best way to watch this video so you can flip through the charts at the same time:
- Log into the members area: https://members.wisetraders.com
- Click on Platform (top right)
- Click on TV within the Platform (top right)
- Choose “On Demand”
- Play
Market Outlook:
Watch the video for more detail.
Our Market Timing from last weekend was working out fine until Thursday’s gap-up. And even if I’d given an update on Wednesday I wouldn’t have predicted what happened the following day.
This sort of behaviour typically does have a follow-through especially in the context of a post-earnings afterglow. And with so many stocks newly breaching important Key Levels we are compelled to be on standby for tradeable setups. That means we do need consolidations as well.
This is where things might not be so easy as there’s every chance of continued raggedness. But let’s not pre-judge. If setups occur, then we’re obliged to consider them – in the context of the broader market sentiment and conditions of course.
Our market timing continues to be outstanding. Being good at market timing enables you to swim WITH the tide at the right time.
The Main Indices:
Superb upwardly mobile price action for all four main indices. Broader OVI participation would be helpful, along with a consolidation above the newly breached Key Levels.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish. - Index OVIs:
Only the QQQ’s OVI has turned decisively blue. The others are lagging somewhat.
Fast Filters Stock Selection:
With so much momentum on display, this week I’ve gone through more of my Fast Filter combinations than usual. Quality consolidations are scarce, but they’re exactly what I want to find in the coming days.
Pick your playbook and stick to the best quality setups that conform to it.
My playbook is OVI, near Key Levels, Shrinking Retracements, and a consolidation/sideways move. The other two Big Money Footprints are highly desirable but those four are essential to ME!
Go into the ‘Expert Watchlists’ area of the platform to view my Watchlists for (a) all the stocks I cover in today’s video, and (b) a smaller list that warrant a closer look.
** The list of stocks is in the Expert Watchlists area (just click on my image to see them), so you’ll have to log in to see it. Market Timing will also go inside a login soon. Remember to reference the video commentary so you know what my sentiment is on each stock listed. **
Software Upgrades:
Soon we’ll deploy the updated ‘How To’ video guides, and we’ve already deployed a handy ‘How To’ clickthrough guide to help you navigate the platform.
Next up is the journaling from the charts which will pave the way for:
- A link to a broker platform from the enhanced Journal app directly from the charts to make life much easier for you.
Imagine knowing if an options trade is in line with or violates your stated risk parameters!
We’ve already built the calculator engine, it just needs to be deployed. - More indicators to choose from inside our OVI charts …
Not so much for me personally, but I know many members do like to play!
Also, the full mobile phone (portrait) optimization is in the plan for the summer, and more dynamic notifications from inside the application will follow that. Lots to do!
Many more game-changing upgrades will be made in time for the London Stocks Summit on December 7th.
Events:
Our Stocks Summit in London on 7th December will be the most practical ever, with half of the event dedicated to practical exercises and with the most bonuses ever.
Like we just did in Orlando, 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. Easily by the event, all your TradeFinder activities will be directly from the charts, saving you huge amounts of time.
Watch today’s market review inside the members area here! To the left is the Watchlist area. To the right is the TV area.
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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.
