Well, this was a nice start to my day …
A rather nice and useful package of WiseTraders branded goodies arrived on my doorstep this morning, and I’ve heard that a number of others have also landed today.
Here’s what’s inside:
- A USB power bank for your mobile devices
- Four double-sided laminated cheat-sheets
- An easy-wipe marker pen for the cheat-sheets
- A folio to house the cheat-sheets, paper, the marker pen and power bank
- A cap to fit all sizes of cranium
- A crystal tumbler
We only have about 15 physical packages left, so if you want yours, then it’s a gift as part of my OptionEasy Bootcamp which is next weekend. If you’re already enrolled yours will already be on its way. If you haven’t yet enrolled, then now would be a good time before it’s too late.
Just have a chat with one of my Support team to see if it’s right for you – it may or may not be, depending on where you are in your current journey – but it won’t do any harm to ask. Go to www.ovi.to/consult to figure it out.
So, onto the markets …
Today you’ll see a good number of quite plausible setups. Earnings starts next week, and it looks like it’ll be a positive one. The S&P and Dow are setting record highs, so what’s not to like?
Well, it’s just not been a particularly friendly market for swing traders. Breakouts are happening, but they’re breaking down quite quickly before then regrouping. That’s tough to deal with but it does happen from time to time.
How can we deal with that?
Well, first we can scale down our trading or sit on the sidelines until we see evidence of breakouts reaching P1s easily.
Second, we can be proactive … which is exactly what I am doing. For years I have wanted a short-term market indicator to help with market timing, and we are on the threshold of having it ready for deployment.
I’ll show you exactly how best to use it when it’s released – hopefully around June – and its deployment will be inside the OVI Private Club.
So, you’ll have the Dashboard, this new indicator and the OVIsi, which will all be super helpful to give us a short, medium and long-term view on the market.
Back to this week’s review, a special shout-out to Chris in Kansas City who at the end of my webinar on Thursday, pointed out that ZBH looked like a worth corkscrew setup getting ready to break out. Well, lo and behold if it didn’t do just that on Friday! Still a bit to go for a meaty P1 though you could just take it now to be super conservative in these current conditions.
No market review next week as I’ll be wrapped up with the Bootcamp, but I’ll be back on in the following few days.