Only ONE WEEK until our Options Bootcamp where live and remote attendees will attain VIP status with full access to OptionEasy’s state-of-the-art tools in our most practical event ever, including exercises using the Smartphone optimized application!
Because I’m travelling, this week’s Market Review is a replay of Friday’s webinar where I went through the same process, but with a live online audience!
Not much changed in the latter hours of Friday’s trading, but our Dashboard shows a significantly increased number of consolidations, jumping from 41 to 166 among the top 1000 stocks by market cap.
Many members have been making full use of our smartphone optimized platform, which was already upgraded after Friday’s session. No need for any downloads, just login in portrait mode on your smartphone or tablet, and our platform will automatically switch to mobile mode.
To make sure you never miss an alert, software update or market commentary join our free Telegram channel here.
Many members have been making full use of our smartphone optimized version, which was already upgraded after Friday’s session. No need for any downloads, just login in portrait mode on your smartphone or tablet, and our platform will automatically switch to mobile mode.
Two weeks ago we held our Bootcamp Foundation Day, which Bootcamp VIPs can already watch in its bite-sized easy-to-navigate sections.
Before my Market Outlook for the week ahead, just to remind you of two important things …
- Personalization is on its way. I’ll have updates for you shortly as to when you can save your settings for our charts so you always see them according to your preferences.
- Another reminder that there is just ONE week until our Options Bootcamp in the beautiful Mayakoba!
Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.
Last week I said I was medium term bearish but that there were some exceptionally robust-looking stocks which we’d cover. I also suggested that in this highly news-driven market it would be wise to be the lion right now, ie. take it easy during this period of uncertainty.
On Monday we were looking clever in terms of market bearishness, which was good if you were quick to protect your profits – which of course you must do in this volatile news-driven climate. On Tuesday that reversed and the main markets have kept rising since, with those robust stocks mentioned collectively performing very well.
So, what now?
It’s ambiguous, we’re now in earnings season, and it’s almost impossible to say with real conviction right now.
On the one hand the indices are up, on the other hand earnings has started with a bearish bias with more stocks gapping down than up.
During Friday’s webinar, I suggested it looked positive in the very short term, but with a real sense of caution … hence today’s image of a scared bull!
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Red. - Medium Term Swing Timer:
Bullish. - The Main Indices:
The SPY’s OVI has perked up over the last few days, the QQQ’s just yesterday, while the DIA and IWM’s OVIs are subdued.
Stock Selection:
This week I showed how I review several dynamic and static watchlists. As well as the Big Money Footprints combination Fast Filters, I also pay great attention to the quality of consolidations and Shrinking Retracements stocks.
Remember, our game is to play when the Big Money Footprints align neatly. By and large, they’re not right now – with a couple of exceptions, but the broad markets remain flaky right now.
The key to consistency is to pick your playbook and stick to the best quality setups that conform to it. If the setups aren’t there, keep your powder dry for another time.
My playbook is OVI, near Key Levels, Shrinking Retracements, and a consolidation/sideways move. The other two Big Money Footprints are highly desirable but those four are essential to me! With my new VIP filters, I’m also now looking more at overbought and oversold issues.
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.
** The list of stocks is 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 commentary so you know what my sentiment is on each stock listed. **
Don’t Miss Out:
Software Upgrades:
Improved design inside the TradeFinders are making them look nice and tidy – that was done immediately after the Journal upgrades that I demonstrated during our VIP Group 1-2-1 training sessions.
Many more game-changing upgrades will be made in time for the Mayakoba Options VIP Bootcamp on May 3rd – 4th.
We’ve got some big updates lined up for this year:
- A.I. Interfaces:
If you like using A.I. applications, then you’re going to love a particular development we have in the pipeline for you, namely GPT inside our charting application! - Focus on Stocks that Could Move Bigger and Faster:
Soon I’ll have a filter you can use for stocks with potentials for larger moves in either direction.
- Journal Upgrade:
Phase 1 and 2 are both deployed, and there’s much much more to come in due course! - Personalization:
Soon you’ll be able to set your preferences for how your charts will be laid out each time you land on them. I’m personally very excited about that! - Options Enhancements:
The Pricer has been upgraded in plenty of time for Mayakoba – take a look at the percent-to-double calculations!
Also we’ve just upgraded the Analyzer Risk Profile Charts, and linked the Pricer side bar to the long call and long put TradeFinder.
More key upgrades to our options tools are coming soon, alongside major research insights we can’t wait to share with you. - Dynamic Earnings Calendar:
Last week we started designing the dynamic earnings calendar where you’ll be able to search for stocks reporting on specific earnings dates, whether they qualify for specific earnings Fast Filters, and other stocks that are similarly qualifying for earnings-specific criteria. - Updated ‘How To’ Video Guides.
We’ve already deployed a handy ‘How To’ click-through guide to help you navigate the platform. We’ll also be upgrading the Fast Filters still further.
More updates are on the way!
Upcoming Events:
Our Options VIP Bootcamp in Mayakoba is on the 3rd and 4th of May! It’s going to be our best event ever! Rooming details are available and rooms are almost all booked up now.
Watch today’s market review inside the members area here! To the left is the Watchlist area. To the right is the TV area.
How to Watch This Video:
The best way to watch this video so you can flip through the charts at the same time:
- Log into the members area: https://platform.wisetraders.com
- Click on TV within the Platform (top right)
- Choose “On Demand”
- Play
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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.