Last week we got the new highs that we anticipated, but Friday was one of those days that could herald a blow-off top… but we have to get confirmation first.
It’s by no means certain at this stage, but with Nvidia finally having a sell-off bar, that could be the beginning of the end of the recent bullish run.
Market Outlook
Watch the video at the foot of this email for more detail.
Mixed signals are leading to a less obvious forecast.
Overbought indications are increasing, but as we’ve already highlighted over the last couple of months, markets can be overextended for long periods of time. That’s why most oscillator indicators aren’t effective.
At the same time there are still some decent looking bullish setups that have plenty of scope for upside.
So, for the first time in a while, I’m going to give a neutral forecast. Nvidia’s action on Friday could well be the starting gun for the anticipated pullback. Monday’s reaction will be important.
As ever, in the meantime, just trade what you see, and don’t try to pre-empt anything.
Our market timing is a real strength. 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
Continuing to enjoy being overbought, but next week could be pivotal…
Make sure you protect your existing profits and any new profits early.
Keep sticking with our game plan of AAA setups near Key Levels.
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.
Fast Filters Stock Selection
Last week’s Post-earnings provided plenty of good setups that have moved in the right direction.
Remember a chart needs to have the right qualities 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 for this week’s analysis.
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!
