Yesterday I mentioned that a lot can change very quickly in the markets …
It’s still choppy out there which means be very selective, but yesterday’s close suggests a follow-through today.
Again, I emphasise be very selective. This is not the greatest signal I’ve ever seen by a long chalk, and much of today’s video is voyeuring on the markets as oppposed to getting stuck in.
Even during choppy times like now, it’s still important to keep tabs on your favourite stocks and still do some basic filtering for your favourite patterns. It only takes a few minutes, and even if there is nothing you fancy out there, there will be the odd stock that sticks in your mind for a few days’ time.
For me, that filtering includes railroad tracks, dojis, flags and 1&2-month trends juxtaposed with the OVI, as well as my favourite stocks.
If you do that several times a week you’ll form a unique picture of the markets that will enable you to pounce in a timely manner on the highest probability setups. This is where we make our money. There is no need to be anything other than very picky.
Today’s video is a longer one to give you a broad look at what’s going on.