Market Outlook:
Last week I said I expected the indices to settle around the 50-dma. Well, they didn’t! They kept going with their parabolic moves, and are now significantly short-term overbought.
The crypto sector did edge up, with every stock or ETF I mentioned rising at least modestly. With the latest news from the Gulf, they might now be vulnerable.
From here I do expect a broad based pullback.
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:
Overbought.The Main Indices OVIs:
All positive.
Stock Selection:
Again I reviewed hundreds of stocks just by myself this morning. The software is so fast now, it’s a huge game-changer … and dark mode means I can do it with restful eyes!
We’re now in earnings season, so my focus in on earnings, with several decent setups that are not overbought. And the market continues to be anticipating more positives than negatives in the pre-earnings filters.
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