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Big upgrades are coming soon … I’ll describe some of them in today’s broadcast.
The Markets …
As we anticipated, the market went up last week in what technically was a reasonably predictable week even though most eyes were on the news.
The catalyst for Thursday’s rise was the Fed 0.5% rate cut. Worth noting we rarely talk about macro events, but we still typically get market direction right.
The rate cut could be a double edged sword though. Is the interpretation of why the Fed went for the 0.5% rather than a 0.25% cut because they fear weakness in the US economy, or was it for a more proactive positive reason?
The point is, the market will interpret it whichever way it wants to interpret it. How many times do you see the market react in the opposite way than seems logical or expected? Loads of times! And that’s why I look objectively to our unique signals that are rarely wrong. And if there’s too much uncertainty, I’m happy to be patient and let news play out first.
Be aware of the news, protect yourself from the news, but don’t try too hard to interpret it. Instead, pay attention to our signals and be the lion, not the headless chicken. Not every market condition is traded optimally with low risk. Focus with me on the ones that are optimal.
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.
Last week I said:
Continued volatility, with probable upside.
That was a good call with many individual stock winners. This week I anticipate a slight stalling, nothing too dramatic.
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:
All the main four indices rebounded up through their 50-dma’s and finished at or near their week highs.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish. - Index OVIs:
Blue.
Fast Filters Stock Selection:
This week I again focused on OVI combinations with consolidations, Shrinking Retracements, and the Key Levels. I also played with the new filters I’ll be releasing soon for VIPs.
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:
If you liked the old TradeFinder format, the new TradeFinder can now do the same where you can see your charts and the table on separate tabs if you like.
New filters are coming soon for VIPs, together with a marked improvement to the TradeFinder format.
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. We’ll also be upgrading the Fast Filters still further.
And of course there’s 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.
