Please register here for my OVI market review webinar on Tuesday at 2pm EST (7pm UK time).
The last few days have echoed my thoughts from last week and validated why I’m backing volatility in the next few weeks. It’s still a market with mixed signals, and with earnings around the corner I’m confident we’ll witness a few dramas … just look at some charts over the last few days like AAL, UAL, MAR and others!
In this kind of market you cannot take anything for granted, and if you do make a directional trade you MUST use my trade management P1 and P2 method to ensure you protect yourself. It really can make all the difference.
You should also be aware of all the setups I consider, which luckily is only a couple! For example, if a stock breaks out to make an extreme price and then forms a Doji, in this market you must at least prepare for a potential reversal even if it doesn’t actually materialize.
So the message today is that we will be prepared with our volatility strategy, or we’ll simply be cautious.
And remember to register here for my webinar on Tuesday!
Bye for now.
