Next Saturday’s WiseTraders Strategies Day includes the biggest and best stock trading software package we’ve ever included, which means everything you could ever need to trade stocks consistently.
Crucially, and for the first time ever, it includes my Market Timing tools and access to my Market Timing Commentary, which has an astonishing record for winnable calls.
When you get market timing right, you are more likely to win, it’s as simple as that. Trading stocks or just the indices. And I’ve been on the right side with winnable commentaries 89% of the time over the past 15 months, so think about what that could mean for you even if it’s just a few select trades.
Because after next week, those commentaries, the tools and the watchlists will only be available for VIPs.
Time is really running out now, and market conditions looks favorable for the 2024 election year.
Talking of watchlists, all the stocks in my smaller list from last week are behaving as expected, with no surprises – which is logical for a holiday week.
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.
Last week in our private VIP Telegram groups I didn’t rule out further upside, but also that this dramatic bullish cycle was due a rest soon, and for you to NOT chase over-extended stocks, no matter how tempting.
The market got another boost on Monday, and it has held on to that gain. That suggests further upside, but again I warn against chasing overbought issues.
If you’re already holding overextended stocks that’s fine. Just make sure your stop gains are in a sensible place.
In the meantime there are a few decent OVI setups near Key Levels for us to focus on.
For there to be a tradeable reversal (to the downside) at these elevated levels we need to see some sort of blowout or obvious exhaustion type of bar for increased likelihood. Think monorail bar, long-tailed doji, or railroad tracks. We haven’t seen any of those yet.
** Please note these market commentaries will no longer be widely available very soon, and you will need to be in our VIP area. **
Follow this link to make sure you don’t miss out.
Our Market Timing commentaries continue to excel, providing members with extraordinary accuracy, so don’t miss out.
I’m including our Market Timing service (OVI Markets Daily) with our Stocks Summit VIP membership. That’s a $2,364 bonus … for FREE.
Follow this link for details.
The Main Indices:
As per the last couple of weeks, the three main indices (SPY, QQQ, DIA) are bullish but overextended. The IWM is not technically overextended – in fact it’s consolidating just below its 200-dma, but will likely behave in line with the other indices.
Market Timers:
- Longer Term Market Timer (OVIsi):
Yellow. - Medium Term Swing Timer:
Still quite toppy but back from having been overbought. - Index OVIs:
The four main indices all have blue OVIs.
Fast Filters Stock Selection:
As per last week, plenty of consolidations, but many do look overbought, which means they have a higher rate of failure. I like to stick to the ones near the Key Levels.
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. Currently the bullish Shrinking Retracements are quite scarce, 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.
** After the event 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 London Stocks Summit on December 2nd.
Stay in touch to discover more as we unveil best-of-breed applications!
Events:
It’s just six days away now! Our Stocks Summit Strategies Day in London on 2nd December will be the most practical ever, and with the most bonuses ever.
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 include Market Timing and specific stock strategies, and will only take 15-minutes for you to complete. This will give you the confidence to use our tools to their maximum potential while saving you huge amounts of time.
Yesterday we held the Foundation Day online and the recording for that is already up and available. Note in the coming days we’ll chop that up into the 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.
