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  • Blog

Resilient But Flaky Conditions Set to Continue

Please ensure you keep getting my reviews and communications by being in our Telegram channel here.

Last week we released the Learning Value upgrade, and this coming Thursday you’ll see the big Platform upgrade with full TradeFinder screeners deployed inside the charts among other key improvements. This will be a massive time saver, meaning we can concentrate time more efficiently on the best setups when they appear.

We also started work on the Broker link … I know you’ll be happy about that!

The markets …

Last week I said “Broad conditions remain sub-optimal and plum AAA Big Money Footprint setups remain thin on the ground”.

That remains the case this week. Yes, there are a couple of interesting setups, and I’m so grateful that our setup requirements help differentiate the wheat from the chaff. Not just that, but they help us discern what kind of conditions we’re in. And right now, it’s all a bit flaky.

Best approach: be patient like the lion! It will pay off handsomely.

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:

  1. Log into the members area: https://members.wisetraders.com 
  2. Click on Platform (top right) 
  3. Click on TV within the Platform (top right) 
  4. Choose “On Demand” 
  5. Play

Market Outlook:

Watch the video for more detail.

A sideways week for the big indices, while the IWM made a somewhat surprising move up.

Next week has another midweek holiday, with July 4th being on a Thursday, effectively meaning a 3-day week!

As I’ve said over the past few weeks the markets look like continuing to be inconsistent and ragged until we get some insights from the upcoming earnings cycle.

Our market timing is a real strength that few others possess. Being good at market timing enables you to swim WITH the tide. 

The Main Indices:

The SPY and QQQ could still benefit from meaningful pullbacks to their 50-dmas but are proving to be remarkably robust.

The DIA looks like it has some upside potential, while the IWM has pulled itself into some upside contention.

Ultimately these are tricky conditions with not a lot of conviction to really sink your teeth into. Respect this and be ready with the big guns for when there’s more clarity.

Market Timers:

  • Longer Term Market Timer (OVIsi):
  • Medium Term Swing Timer:
  • Index OVIs:
    Slightly blue apart from the QQQ which is slighty red.

Fast Filters Stock Selection:

When I do next week’s review, I’ll be away from the office and very happy that our new TradeFinder from the charts app will be up and running! This will save me (and you!) so much time!

I’ll review my Fast Filter combos, but when there are many stocks in a particular Fast Filter set, I’ll apply other filter constraints one at a time to reduce the list size. And next week it’ll literally be a click to do that … without having to switch screens or open new tabs or windows! Happy days!

Like the last few weeks, there’s not much out there of real AAA quality this week. If you think otherwise, then your analysis may not be stringent enough!

Remember a chart needs to have the right qualities in order for you to consider trading it.

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 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 Learning Vault is out, and over time will turn into an app type of look.

This week you’ll see the new Platform.

After that, journalling 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


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.

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.

PS. If you’re interested in any of our OVI trading services for stocks or options such as a fast-track mentorship or workshop event, book yourself an appointment here to speak with us. Many of our members aren’t aware of all the services we offer to help you become a more ‘informed’ and confident trader with the OVI. Remember, everyone is an individual, and we ensure that we can cater to you and your particular needs.

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