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Market Outlook:
Three weeks ago we correctly called for a short-term bounce.
That’s happened now, and today’s call is more challenging due to apparent sector rotation going on.
So, this week I’m not going to make a forecast, but there are a few setups that meet our criteria with low risk, albeit in a market that’s difficult to call.
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 returning from almost overbought. - The Main Indices:
Bullish OVIs for DIA and IWM. Neutral OVIs for SPY and QQQ.
Stock Selection:
Three weeks ago I said it was a challenging week to find gems, though we did indeed find a handful.
I could say exactly the same this week.
My main focus remains Big Money Footprint setups in the glow of post-earnings …
More By This Author:
Why A Short Term Bounce Is Likely
Volatility Demands Your Patience
Earnings And Volatility Dominating Setups
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