Mixed Signals Mixed Outlook

You’ll have noticed a completely mixed bag out there this past couple of weeks, and this is likely to continue.

SPY and QQQ look iffy, while DIA looks overbought and IWM is defying gravity … but for how long?

Market Outlook:

Last week I said my market outlook is mixed.

This week follows the same drift.

While most of my highlighted stocks are in the bullish camp this week, that’s more due to their relative neatness compared with their bearish equivalents.

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:
  Neutral to bearish but swinging upwards.

• The Main Indices OVIs:
  Only the IWM looks blue, and that looks to be an anomaly.

Stock Selection:

Last week’s highlighted stocks did pretty well, reaching P1 levels. This week follows the same themes with Trend Fades, OVI and Key Levels governing my selections.