Happy 4th July and I hope you’ve enjoyed the short week.
I’d still define the markets as not quite optimal, but there are still decent setups going in both directions, and a bunch of our preferred stocks have already enjoyed solid to spectacular breakouts.
I cannot emphasize enough how you should look to specialize, even with our own OVI niche.
Specialists are paid more than anyone else in life, and if you want to fulfill your potential in trading, then specialize.
You’ll notice it’s pretty obvious what I specialize in, and this in itself has been a journey which will continue to evolve as my research dictates.
Ultimately I want to look at a chart and view it as behavior, not just a bunch of lines.
Aggressive money moves prices, so the specific behavior I need to see is (a) the presence of money in a particular stock, and (b) the likelihood of more money flowing into it.
We do that through a combination of specific signals, headed by the OVI.
Today I’ve highlighted more stocks that fit those requirements to varying degrees of confidence.
On Monday we officially enter “Pre-Earnings”. As the second earnings season since the pandemic outbreak, this earnings season will be dramatic as this is where companies will understand the true impact moving forward.
To that end, for pre-earnings trades, look for straddles if they’re good value, or if you’re trading a particular direction you can get in and out before the announcement, or trade conditionally on a breakout at earnings.
Server Migration and Imminent Upgrades
The server migration has gone well, but has necessitated a couple of extra pieces of work that have slightly delayed the next wave of upgrades. We are on top of it and will be making those releases soon. Again, thanks for your patience. The upshot of all this will be better security, faster speeds and overall sounder architecture moving forward.
The next upgrades will include my new Momentum Initiator Bar, my VIP TradeFinder which includes continuation and reversal filters, and the Home Hedge Fund area.