Last Saturday’s WiseTraders Strategies Day was a huge success, with the practical exercises being the big winner of the day! It was surprising to see how members weren’t aware of some of our delightful treats within the VIP Platform, so we’ll do plenty more exercises during our online Masterminds too.
With our software improving exponentially, practicals will continue to take on increasing importance, and we’ll carry that through to our Orlando Options Bootcamp in April.
** Very soon, these Market Reviews will change. Please keep an eye out for this in the next couple of weeks. **
As I’ve mentioned in our VIP Telegram groups, this market is resilient. So far there is no sign of a let up.
All but one stock highlighted in my small bullish list from two weeks ago is up, some spectacularly so.
But resist the urge to chase already overextended issues. Stick to the plan we talked about at the Stocks Summit. It’s serving our members brilliantly, as recounted by so many members who have transformed their own performance by following our method and using our tools.
One thing the SPY has done over the past couple of weeks is to form an area of support around 453, so let’s see how far this breakout goes before we assess how important that level is.
The likelihood is that until we see a clear sign of exhaustion (like a monorail bar, railroad tracks or long-tailed doji) this market will keep grinding on.
The Main Indices
Excellent (and expected) upward follow-through by the IWM past its 200-dma, with likely more to come. The DIA and SPY are overbought but not relenting just yet. The QQQ has pulled back to its 20-dma and looks like it’s bouncing off it.
Longer Term Market Timer (OVIs): Half-green.Medium Term Swing Timer: Bullish, having come back from being overbought.Index OVIs: The SPY, DIA and IWM have robustly positive OVIs, while the QQQ’s OVI is wobbling.
Fast Filters Stock Selection
Plenty of consolidations this week. As usual I’ll be focusing on setups near the main Key Levels.
Remember, 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. The bullish Shrinking Retracements are still quite scarce right now, but after the next meaningful pullback (and subsequent bounce), they’ll start to populate again.
You can get my full thoughts for this week by watching the video at the foot of this email.
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.
The Stocks Summit recordings are all up now and organised into their relevant chapters for easy viewing.
Remember, you can play the video at 1.25x or 1.5x speed if you want to save time!