A broad market gap-up on Tuesday was wonderful for all of us on the long side, but the indices will need to pause very soon.
Last week’s guidance was bullish but with a slowdown soon. What happened was bullish but with a gap-up on Tuesday!
That only makes an imminent pause all the more likely now. New highs will then be likely after the next market pause.
Our Market Timing commentaries continue to excel, providing members with extraordinary accuracy, so don’t miss out.
The Main Indices
The three main indices (SPY, QQQ, DIA) are bullish but overextended. The IWM is not technically overextended but will likely behave in line with the other indices.
Longer Term Market Timer (OVIs): Yellow.Medium Term Swing Timer: Overbought. Index OVIs: The four main indices all have blue OVIs.
Fast Filters Stock Selection
With many stocks looking extended there aren’t as many nuggets this week as last week. The focus for new stocks of interest will be those nearby Key Levels and exhibiting our most reliable Big Money Footprints.
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 at the foot of this email for this week’s nuggets and what my sentiment is on each one.
It’s just a matter of days now! 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 on Saturday 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!