Our OVI Dashboard is a treasure trove of valuable information …
Because we’re in earnings right now, today I’ll show you one of our “pies” that I don’t often highlight, but can be very instructive in how earnings will ultimately play out this time.
You’ll also be seeing a number of charts setting up in one of our favourite ways – the pullback reversal, which I’ll also be highlighting in a training session later this week.
Our tech upgrade drive is as intense as it’s ever been, and we’ll be releasing a whole raft of game-changing improvements in time for the Summit event, and beyond. See below for more details!
We’re upping our capabilities in a profound way, while continuing to provide our unique trading solution so you can be focused on a method that works, and become even more efficient in finding the setups that work best.
Automation with control and discretion is what it’s all about.
In terms of market behavior this week, it was quite positive with a particularly encouraging Friday, but as I scrolled through the charts and the Dashboard, the OVI participation was not universally strong. This leads me to believe the rally will be short lived, lasting a few weeks perhaps.
This could work significantly to your advantage as I anticipate a glut of pullbacks, which are one of the most powerful setups you can find … and we can find them in just a click!
As you’ll see, the next few days could be instrumental in determining the next phase of market structure.
With all this, there are nuggets in both directions, and as ever, I highly recommend that you focus on OVI setups around Key Levels.
This way you’ll be miles ahead of 90% of everyone else out there, while spending just a fraction of the time they do.
Market Outlook:
Last week I said:
“Regardless of what happens at earnings, we’re likely to break to new lows in due course“, and that we were already in the retracement phase.
“In due course” means that new lows are highly unlikely to happen this week as the upward retracement still has legs.
The Main Indices:
Last week I mentioned we’re in an upward retracement, and that’s still the case.
Market Timers:
- Longer Term Market Timer (OVIsi): Red, and will stay red for this coming week.
- Medium Term Swing Timer: Positive
- SPY OVI: Rising from negative to neutral
The medium term outlook is volatility with a positive bias during this earnings season.
Fast Filters Stock Selection:
Some more excellent highlights made last week, proving that while market conditions are challenging, we are still able to make great picks.
A sub-section of today’s watchlist includes a handful of nuggets:
AGL APA BAH BKR CEG CFG DXCM ETSY EXPD FITB ISRG JWN LMT MA NOV NUE ONON OXY PFG SRPT STLD TEAM TNK TT WBS WFC WWE YUMC
Software Upgrades:
The new upgraded ‘ACE’ automated stock picker has been finalized and will be available for the London Stocks Summit.
The VIP Chart upgrade is in process. The Trade Plan directly from the charts is the next big priority after that!
Further large upgrades will be deployed in the next few weeks.
For Summit VIP members these include a new automated stock selector with a 69% win rate, a new filter for stocks with great value options (useful even if you don’t trade options!).
Part of the charting upgrade will include an integrated news feed, trade plan directly from the charts, a TV channel, alerts, options selections directly from the charts …
An improved Market Timer indicator is also being researched with very encouraging results.
Events:
As a result of so many upcoming improvements, The WiseTraders Summit on 3rd December and its aftermath is going to be our best ever. It’s at the London Courtyard Marriott Heathrow, and we’ll also be broadcasting live and recording it. I will be unveiling more upgrades and findings, making all of our trading more precise and more efficient.
The Foundation Day gets everyone on the same page regardless of your current experience, and will be held on 26th November, by remote live stream.
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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.