Mixed Market Signals

Prioritizing risk management helps navigate bullish setups in a volatile environment, specifically within the Russell 2000.

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Market Outlook:

Last week I said I was “tilting cautiously to more bullish setups”.

That was correct positioning.

This week most of my selections lean bullish, but my market outlook is mixed.

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

Market Timers:

  • Longer Term Market Timer (OVIsi):
    Green.

  • Medium Term Swing Timer:
    Neutral to bearish

  • The Main Indices OVIs:
    Blue apart from IWM which is bouncy.

Stock Selection:

Like last week, this week I’ve focused on my favourite setups with Trend Fades, OVI and near Key Levels. Again, there are a couple of tight consolidations you’ll see today that enable us to minimize risk.

STOCKS IN THIS ARTICLE

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