The market finds support for now

The market finds support for now

As suggested last week, the markets did still have room to the downside despite being oversold, but once the S&P hit its 200-dma, the market reversed with a strong bullish monorail yesterday.

That suggests the larger stocks are likely to be resilient in the short term, though pickings are quite slim right now.

And once again, our Market Timing continues to be exceptional, providing huge value.

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.

I repeat this every week, but it’s worth saying again: be fussy and focus on clear Big Money Footprints near Key Levels. It is absolutely the best way to trade.

Market Outlook

The market is oversold and now ready to put in some upside work.

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

The Main Indices

The S&P has rebounded up off its 200-dma, while the QQQ has hit its head on its 20-dma with the 50-dma not far ahead.

The DIA and IWM are bouncing back toward their 200-dmas, with the DIA likely to reach its 200-dma soon.

Friday’s bullish momentum bars suggest short term strength.

Market Timers

Longer Term Market Timer (OVIsi): Still amber and likely to stay that way for a while.Medium Term Swing Timer: Bearish and oversold, but likely to be out of that zone within the next couple of days.Index OVIs: The DIA, QQQ and SPY OVIs are all moving steeply from negative readings to neutral / mildly positive ones. THE IWM remains deep red.

Fast Filters Stock Selection

Again, we’ll be light on nuggets this week, so focus on those 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.

Last week I showed you the power of combining a momentum bar with the Big Money Footprints, and there are many examples of that paying off over the past few days. VIP members can use this filter, and today I’ll show you how.

Check out the video for the lists of stocks (a) that I cover, and (b) that warrant a closer look. 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.


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! I have placed all the stocks covered in today’s review in your “Latest Preview” watch list.

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Author: Kyle Moore