Just three weeks until our big Orlando Bootcamp! We have a flurry of upgrades and new “toys” for attendees that will transform the speed at which you can find optimal options ideas … literally in a single click directly from the charts!
The event will also emphasise the PRACTICAL! You’ll be using our new tools, guided by me and my team where each exercise is easy to follow step-by-step.
Plus, we’re releasing a brand new education suite that has been two years in the making. Here you’ll be able to cement your knowledge with state-of-the art fun learning tools – including quizzes! – all at your own pace.
Onto the markets …
Another positive week for the main indices apart from the QQQ which is consolidating, so hardly negative.
Try to keep your opinion on what “should” happen at the door. Just read the signals as you see them, and Trade What You See (TWYC).
For quite some time we have called the market overbought, and with one exception we kept calling it upwards. That was TWYC in action.
March 15th seemed to herald a long-awaited pullback, but the market had other ideas and there was no downward follow-through.
That tells me we’re likely going to need a very strong reversal signal for a meaningful pullback to happen.
See below for Market Outlook.
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
** These Market Reviews will change soon. Please keep an eye out for this in the coming weeks. **
Market Outlook:
Watch the video for more detail.
Last week I said I wouldn’t be a ‘Canute’ in the face of a bullish tide. That was good thinking along the guidelines of TWYC!
As I mentioned above, for the meaningful pullback to happen, we’re likely going to have to see a strong reversal signal …
In the meantime further upside is the path of least resistance, though as ever I would focus on stocks that are near their Key Levels and not overbought.
Our market timing is a real strength that few others possess. Being good at market timing enables you to swim WITH the tide. It’s a crucial skill set for which I’ll have an update at the Orlando Options Bootcamp in April.
The Main Indices:
Only the QQQ didn’t edge higher over the short week, though its tight consolidation is hardly something to worry about.
It’s still a good idea for you to 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:
QQQ red. SPY wobbling. DIA and IWM blue.
Fast Filters Stock Selection:
This week I’ve focused on AAA setups with proximity to Key Levels, and with OVI and other Big Money Footprints in evidence.
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:
The new charts have been released with some new functions also being deployed inside them, including a few indicators. Over time we’ll add indicators to them – even though I personally won’t use them.
In time for the Options Bootcamp we’ll also be adding the Fast Filters TradeFinders to the charts. Imagine that … You’ll be able to filter for stocks and options from INSIDE the charts! Following that:
- 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.
