Just a reminder that our simplified Stocks Summit VIP membership is proving hugely popular, so follow this link for details. For the first time we’re including Market Timing (OVI Markets Daily) with it, and you can already see how good we are at that particular skill.
That’s a huge upgrade in addition to the other new functions and filters (including Shrinking Retracements, overbought/oversold, the improved pullbacks filters) within that package.
Talking of market timing, you’ll notice that I’ve increased the timeframe that you can observe when you click on any of the dashboard pies. This gives us a better feel for whether we could be overbought or oversold.
Now for the markets…
Over the last couple of weeks, I’ve mentioned that the markets looked ambiguous, and that was a great call in itself!
Regardless of the overall confidence of market conditions (in either direction) you’ll always benefit from being fussy and focusing on clear Big Money Footprints near Key Levels.
It’s still not crystal clear, but I’m around 60% short term bearish, but it may be short-lived.
Watch the video at the foot of this email for more detail.
The Main Indices
Here’s where it gets fun… This time last week the indices had all dipped back below their 50-dma’s with mainly negative OVIs. I said there wasn’t strong conviction in those setups.
During the week, the SPY, DIA and QQQ all poked above their 50-dma’s only to retreat below them again. Their OVIs remain bearish or neutral.
So, with a low degree of confidence I lean towards short term bearish.
Longer Term Market Timer (OVIs): Half-green and likely to change easily during the coming weeks.Medium Term Swing Timer: Bullish but headed downwards.Index OVIs: The index OVIs remain neutral to bearish.
Fast Filters Stock Selection
For the third week, somewhat light on nuggets this week, so we’ll focus on high quality setups near Key Levels.
Of all the Big Money Footprints, the 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.
Here is a smaller list of stocks that look interesting for our consideration. Very soon I will only post this in our new 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:
BLDR CHD CTLT DKNG DV FERG FIVN HASI HDB KBH KC MCD MP MRCY OZK PERI SFM STT TEX TLRY TSLA TWO UBER VFC VOYA
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
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.