Earnings season is soft-landing to its conclusion, with a broadly decent performance overall. Next week has a few more reporting including important stocks like HD, but the main work is done for now.
The indices had a quiet week but could be considered overbought, and therefore vulnerable to any news that isn’t stellar.
Do watch these market reviews … They do a lot of the heavy lifting for you, and there are always little nuggets which you can only really get from these broadcasts.
Market Outlook:
As I mentioned last week, the main focus of the market’s attention is now on the Jackson Hole Fed meeting in 12-days’ time.
I would expect financials and real estate related stocks (like housebuilders) to be watching with particular interest (pun intented!).
It’s not a slam dunk as to what’s going to happen, and what with various posturings and machinations going on in the geopolitical world, it seems like just one day is a long time in these markets!
In today’s review you’ll see some interesting Big Money Footprint setups hanging around Key Levels. What’s amazing is how easy they are to find with our platform.
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):
Green.Medium Term Swing Timer:
Bullish.The Main Indices OVIs:
All the index OVI averages are blue to varying degrees.
Stock Selection:
As with last week, the focus remains firmly on Post Earnings setups, and I’ll be using our new Earnings Calendar function to monitor stocks with upcoming earnings, so I can be ready for them when the do announce.
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