By now you should have noticed the raw power of focusing on our 3 Master Keys of Trading. This is what sets up apart from anything else, and this week has shone a bright light upon our favourite setups.
Our Market Timing has been impeccable, and as I mentioned last week, thanks to ongoing research, it’s likely to get even better soon.
Our Stock Selection using the Big Money Footprints – especially OVI, Key Levels and Shrinking Retracements – has produced excellent trades which have behaved as expected and richly rewarded patient traders.
And finally, our Trade Plan has protected us from rounded tops that didn’t break out, and facilitated quick capture of a first profit target, thereby de-risking the trade quickly.
For a while, I’m going to keep repeating my important notice about emails and communications …
Email policies are changing with draconian measures being implemented very soon by the big email providers.
That means the likelihood of emails bouncing will increase.
How to Watch This Video:
Today, I’ve simplified the blog in preparation for a new delivery mechanism, which we’ll soon implement.
The sections are:
- How to watch this video
- Market Outlook
- The Main Indices
- Market Timers
- Fast Filters Stock Selection
- Software Upgrades
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”
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!
Finally, a quick reminder …
** Soon, these Market Reviews will change. Please keep an eye out for this in the coming weeks. **
Watch the video for more detail.
For a long while I”ve maintained that the market will likely remain bullish during the Jan/Feb earnings season, but would need a pause or pullback afterwards. This has been a good call so far, and there’s still another week of intense earnings announcement ahead.
Precisely when the pullback will manifest we’ll only know when the first signs appear, like a bearish monorail bar, railroad track or something that telegraphs the market’s intentions clearly.
Following the anticipated pullback I anticipate a futher bull run in the context of bullish Shrinking Retracements.
As you can see, market timing is a crucial skill set which we’ll include in the practical exercises at the Orlando Options Bootcamp in April.
The Main Indices:
Last week I said the three big indices continue to enjoy being overbought while the IWM has pulled back to its 50-dma and is holding firm.
That was spot on as bullish continued and the IWM bounced off its 50-dma.
As mentioned many times over the past few weeks, the anticipated pullback will have to wait until sometime after earnings.
As always, let the setups form, and protect your existing profits and any new profits early.
Keep sticking with our game plan of AAA setups near Key Levels.
Don’t get distracted by missed opportunities.
- Longer Term Market Timer (OVIsi):
- Medium Term Swing Timer:
Bullish and not overbought.
- Index OVIs:
The SPY, QQQ and DIA OVIs are positive. The IWM OVI is hovering around neutral territory.
Fast Filters Stock Selection:
Remember a chart needs to have the right qualities in order for you to consider trading it.
Pick your game and stick to the best quality setups that conform to it.
My game 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. **
The new charts are likely to be released to PROD this week!
We’ve designed them to be identical to the current charts but the new technology paves 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. 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 in our Telegram group to discover more as we unveil best-of-breed applications!
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.
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.