Last Saturday’s WiseTraders Strategies Day was a huge success, with the practical exercises being the big winner of the day! It was surprising to see how members weren’t aware of some of our delightful treats within the VIP Platform, so we’ll do plenty more exercises during our online Masterminds too.
With our software improving exponentially, practicals will continue to take on increasing importance, and we’ll carry that through to our Orlando Options Bootcamp in April.
** Very soon, these Market Reviews will change. Please keep an eye out for this in the next couple of weeks. **
See below for the Market Outlook.
How to Watch This Video
- 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
If you have multiple screens, you can pop out the video by mousing over the video itself where you’ll see a “picture-in-picture” icon, and if you only have one screen you can watch it next to the charts or maximize the video window to full screen. That’s your choice!
Again, I’m putting today’s reviewed stocks into my (Guy’s) Expert Watchlist area. That means the big list and the more condensed list.
Market Outlook:
Watch the video for more detail.
As I’ve mentioned in our VIP Telegram groups, this market is resilient. So far there is no sign of a let up.
All but one stock highlighted in my small bullish list from two weeks ago is up, some spectacularly so.
But resist the urge to chase already overextended issues. Stick to the plan we talked about at the Stocks Summit. It’s serving our members brilliantly, as recounted by so many members who have transformed their own performance by following our method and using our tools.
One thing the SPY has done over the past couple of weeks is to form an area of support around 453, so let’s see how far this breakout goes before we assess how important that level is.
The likelihood is that until we see a clear sign of exhaustion (like a monorail bar, railroad tracks or long-tailed doji) this market will keep grinding on.
The Main Indices:
Excellent (and expected) upward follow-through by the IWM past its 200-dma, with likely more to come. The DIA and SPY are overbought but not relenting just yet. The QQQ has pulled back to its 20-dma and looks like it’s bouncing off it.
Market Timers:
- Longer Term Market Timer (OVIsi):
Half-green. - Medium Term Swing Timer:
Bullish, having come back from being overbought. - Index OVIs:
The SPY, DIA and IWM have robustly positive OVIs, while the QQQ’s OVI is wobbling.
Fast Filters Stock Selection:
Plenty of consolidations this week. As usual I’ll be focusing on setups near the main Key Levels.
Remember, of all the Big Money Footprints, the three most important are OVI, Shrinking Retracements, and Key Levels. The others are also very helpful, but those three are the ones I look for first in the VIP section. The bullish Shrinking Retracements are still quite scarce right now, but after the next meaningful pullback (and subsequent bounce), they’ll start to populate again.
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.
** Very soon I will only post this 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 so you know what my sentiment is on each stock listed. **
Software Upgrades:
We’ll be prioritizing the new charts for our next piece of development so we can have a link to a broker platform. It looks like we’ll be able to package orders from our journal app to make life much easier for you.
A further journal app upgrade and calculator will go after that.
Also, the full mobile phone (portrait) optimization is on the docket. Lots to do!
Many more game-changing upgrades will be made in time for the Orlando Options Bootcamp on April 20-21.
Stay in touch to discover more as we unveil best-of-breed applications!
Events:
Our Options Bootcamp in Orlando on 20-21 April will be the most practical ever, with around 20 exercises and with the most bonuses ever.
Like we just did in London, 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. These practicals will involve all the options strategies covered, with each one taking only a few minutes to complete. This will give you the confidence to use our options tools to their maximum potential while saving you huge amounts of time.
The Stocks Summit recordings are all up now and organised into their relevant chapters for easy viewing.
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.
