Buy But Not Overbought

Market Outlook:

Two weeks ago I mentioned the markets were overbought and a pullback was likely.

Well, it threatened, teased, whipsawed, and then carried on upwards! But it will pull back soon, mark my words.

So, by all means look at longs that are near their Key Levels, protect any longs that you have … Just don’t be tempted by anything that’s overbought.

Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.

Watch the video for more detail.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Half green.

• Medium Term Swing Timer:
  Bullish.

• The Main Indices OVIs:
  All positive apart from the DIA.

Stock Selection:

It’s earnings season, so we should rightly be focusing on our post-earnings setups.

Last week we also released a big addition to the Earnings Calendar app, where you can find and analyze a plausible post-earnings setup in less than 60-seconds.

This is raw power like nowhere else. And the biggest advantage for you is that you can spend less time finding the best setups. That’s a huge payoff