Earlier last week one of our VIP members asked whether Tuesday’s wobble was a sign of the imminent pullback.
My answer was that it could be a shot across the bows, but we should give it more time before making a definitive call.
Sure enough, the markets bounced straight back!
This was “Trade What You See” in action.
It’s great to anticipate, but only act on confirmations of solid proven setups. That’s one of our golden rules.
Today the Big Money Footprint setups are not as clear cut as the past few weeks. So together with the Market Review I’m going to answer some of your questions about our upcoming Orlando Bootcamp.
Do watch that section at the end of the video as you’ll also see some rather nice scenery!
And if you have further questions, contact us at www.ovi.to/consult.
Another reminder, to ensure you keep getting my reviews and communications, please register for our Telegram channel here.
https://t.me/wisetradersovi
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
If you have multiple screens, you can pop out the video by mousing over the video itself where you’ll see a “picture-in-picture” icon, and if you only have one screen you can watch it next to the charts or maximize the video window to full screen. That’s your choice!
Finally, a quick reminder …
** Soon, these Market Reviews will change. Please keep an eye out for this in the coming weeks. **
Market Outlook:
Watch the video for more detail.
We’re officially outside Earnings Season now, but there are still quite a lot of companies to report this week.
The anticipated pullback is getting closer, but we need confirmation. It’s entirely possible that the choppiness of the past week is the opening salvo. We’ll know more if and when we see other signs like a bearish monorail bar, railroad track or something that telegraphs the market’s intentions clearly.
Right now I do anticipate increased volatility and choppiness in the short to medium term. Following the anticipated pullback I anticipate a further bull run in the context of bullish Shrinking Retracements.
Being good at market timing enables you to swim WITH the tide. It’s a crucial skill set which we’ll include in the practical exercises at the Orlando Options Bootcamp in April.
The Main Indices:
They’re still overbought, but just beginning to behave more raggedly.
As always, let the setups form properly, and protect your existing profits and any new profits early.
Keep sticking with our game plan of AAA setups near Key Levels.
Don’t get distracted by missed opportunities.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish and not overbought. - Index OVIs:
Mainly blue, but looking like they could change this coming week.
Fast Filters Stock Selection:
Remember a chart needs to have the right qualities in order for you to consider trading it.
Pick your game and stick to the best quality setups that conform to it.
My game is OVI, near Key Levels, Shrinking Retracements, and a consolidation/sideways move. The other two Big Money Footprints are 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:
We held off last week, but the new charts could well be released to PROD this coming week!
We’ve designed them to be identical to the current charts but the new technology paves 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. Lots to do!
Many more game-changing upgrades will be made in time for the Orlando Options Bootcamp on April 20-21.
Events:
Our Options Bootcamp in Orlando on 20-21 April will be the most practical ever, with around 20 exercises and with the most bonuses ever.
Like we just did in London, 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 involve all the options strategies covered, with each one taking only a few minutes to complete. This will give you the confidence to use our options tools to their maximum potential while 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.