Hi Everyone
As we draw to the close of earnings season, make no mistake, it’s been ugly out there folks!
The main indices have been grinding upwards but on low volume and with rough and volatile swings. This isn’t what we like to trade so we keep our powder dry during such times. Patience is a virtue in trading, and once you’ve had a few decent winners under your belt, you’ll begin to see the beauty of our method and it’s no problem to wait for the choice cuts.
AAPL
Once again AAPL has shown the way. A prolonged positive OVI (with just a minor blip), a bull flag, and sure enough it broke out on Monday.
GS
I’ve mentioned this to a few folks and have been saying for some time that there is tangible buying interest in GS. This is now demonstrated by a prolonged positive OVI and a nicely formed bull flag.
PCLN
Now forming a bear flag – how the mighty have fallen.
OVI Charts
You may have noticed that the charts have changed in that now the OVI is the top indicator underneath the price chart, followed by volume.
OVI Dashboard
For OVI Traders Club members, the Dashboard can now be accessed inside the OVI Traders Club.
All the best
Guy