Here comes Santa…

Here comes Santa…

Last week’s headline was that we were “close to being oversold”, the market downtrend would likely slow down, and for us not to chase the market downwards at that time.

That was yet another excellent commentary, though the steepness and speed of this bounce were a genuine surprise. In fact, by the end of Tuesday I was more inclined for a bear flag to be forming, but Wednesday and Thursday put that thought to rest. Such a profound bounce is now unlikely to be turned into a waterfall.

What does look more likely is for a consolidation, perhaps even a pullback (i.e. a steep consolidation), and then, provided there’s no bad news, a Santa rally.

That’s how quickly the markets can change, and you do need to be fluid in your approach. That means “Trade What You See” and don’t be wedded to an opinion.

I’ll also say this again: we can’t always have strong convictions as to market direction, but when we do it’s going to be for solid reasons, and our EDGE trading plan will minimise any risk if we were to get it wrong.

That’s the beauty of the WiseTraders system.

Again, be super fussy and be happy to be patient. Trading mistakes often come through a lack of patience.

By now you must recognise how priceless our Market Timing is.

And that’s why 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.

Market Outlook

As described above, I would now expect a pause of sorts before another push up.

Watch the video at the foot of this email for more detail.

The Main Indices

Last week I said this:

“The SPY is looking close to being oversold as it has shot past its 200-dma. The QQQ looks like it wants to rest on its 200-dma. The DIA and IWM also look oversold in the short term.”

This week, the DIA, QQQ and SPY are all just above their 50-dma’s respectively, while the IWM is just below its. This suggests a pause is due after a serious 5-day surge.

Market Timers

Longer Term Market Timer (OVIs): Red.

Medium Term Swing Timer: Bullish.

Index OVIs: Only the DIA’s OVI has moved into the blue territory, while the other indices OVIs are neutral. Given how quickly the market moved, that’s not altogether a surprise.

Fast Filters Stock Selection

The scarcity of nuggets continues, but we have highlighted some solid setups every week. If this recent upward move consolidates, then we could be in for an excellent post-earnings period.

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.

Watch the video in this email to check out my watchlist for this week.  

** In the next couple of weeks, I will only post this in the Expert Watchlists area, 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. **


Our Stocks Summit 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.

We’ll have the Foundation Day online the Saturday before the big event so we can focus on more of these practicals during the event. 

Video analysis

Remember, you can play the video at 1.25x or 1.5x speed if you want to save time!

The post Here comes Santa… appeared first on Bet Chat.

Author: Kyle Moore