Earlier last week one of our VIP members asked whether Tuesday’s wobble was a sign of the imminent pullback. My answer was that it could be a shot across the bows, but we should give it more time before making a definitive call.
Sure enough, the markets bounced straight back! This was “Trade What You See” in action.
It’s great to anticipate, but only act on confirmations of solid proven setups. That’s one of our golden rules.
Today the Big Money Footprint setups are not as clear cut as the past few weeks. So together with the Market Review I’m going to answer some of your questions about our upcoming Orlando Bootcamp.
Do watch that section at the end of the video as you’ll also see some rather nice scenery! And if you have further questions, contact us at www.ovi.to/consult.
Market Outlook
Watch the video at the foot of this email for more detail.
We’re officially outside Earnings Season now, but there are still quite a lot of companies to report this week.
The anticipated pullback is getting closer, but we need confirmation. It’s entirely possible that the choppiness of the past week is the opening salvo. We’ll know more if and when we see other signs like a bearish monorail bar, railroad track or something that telegraphs the market’s intentions clearly.
Right now, I do anticipate increased volatility and choppiness in the short to medium term. Following the anticipated pullback, I anticipate a further bull run in the context of bullish Shrinking Retracements.
Being good at market timing enables you to swim WITH the tide. It’s a crucial skill set which we’ll include in the practical exercises at the Orlando Options Bootcamp in April.
The Main Indices
They’re still overbought, but just beginning to behave more raggedly.
As always, let the setups form, and protect your existing profits and any new profits early.
Don’t get distracted by missed opportunities.
Market Timers
- Longer Term Market Timer (OVIs): Green.
- Medium Term Swing Timer: Bullish and not overbought.
- Index OVIs: Mainly blue but looking like they could change this coming week.
Fast Filters Stock Selection
Remember a chart needs to have the right qualities in order for you to consider trading it.
Pick your game and stick to the best quality setups that conform to it.
My game is OVI, near Key Levels, Shrinking Retracements, and a consolidation/sideways move. The other two Big Money Footprints are desirable but those four are essential to ME!
Watch the video to discover my thoughts for this week.
Events
Our Options Bootcamp in Orlando on 20-21 April will be the most practical ever, with around 20 exercises and with the most bonuses ever.
Like we just did in London, 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 involve all the options strategies covered, with each one taking only a few minutes to complete. This will give you the confidence to use our options tools to their maximum potential while saving you huge amounts of time.
Video analysis
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.
