Happy New Year to you!
Regardless of whatever else is going on in the world, 2020 is going to be the best year for OVI Traders for a number of reasons which I’ll highlight shortly, one of which is our new mobile-optimized platform for stocks (already released to London Workshop attendees) and for options, which will be released in the coming few weeks.
The good news for traders is that 2020 will be a year of very large price swings, and I say that for three major reasons:
International Trade Relations
The fluctuating trade-war / love-in with China is one that I always saw going positively as we get closer to the election … There’s not much reason to change this viewpoint.
The US Presidential Election
Typically, election years are bullish. But we are not in “typical” times with a “typical” president. That said, it’s difficult to envisage any result other than a Trump re-election, and the markets are more likely to like that than not … of course notwithstanding other issues such as trade and the Middle East.
Middle East Tensions
We’ve had another fantastic run since October, but there is no getting away from the escalation of tensions in the Middle East, which already started to impact the market on Friday. The only prediction one can sensibly make at this point is that there will be large market movements, and we are already very well equipped to deal with these.
Earnings Are On the Way
Our sweet spot – and I’ve made big improvements to these strategies recently. The OVI Dashboard is showing bullish sentiment right now, but the fallout from Friday will be more evident this coming week, so just be cautious and patient for a few days so we can get a feel for how the markets are reacting.
Today’s OVI market review features mostly bullish setups but I do want to reiterate the main message is to be careful for the next few days, and stick to the most obvious opportunities.