Image Source: Pixabay

Market Outlook:

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

Over the last two weeks I’ve said there’s likely to be short term upside, while the medium term is uncertain.

Looking today, there’s enough ambiguity to go with the same theme again.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Red.
• Medium Term Swing Timer:
  Bullish.
• The Main Indices:
  While the indices are up over the past few weeks, none of their OVIs look compelling right now.

Stock Selection:

This week I reviewed the newly improved Big Money Footprints Fast Filters which I rationalized a couple of weeks ago. I also focused on post-earnings, of which there are several decent setups, just in a slightly more challenging market.

Remember, our game is to play when the Big Money Footprints align neatly. By and large, they’re not right now – with a couple of exceptions, but the broad markets remain flaky right now.

The key to consistency is to pick your playbook and stick to the best quality setups that conform to it. If the setups aren’t there, keep your powder dry for another time.

My playbook is OVI, near Key Levels, Shrinking Retracements, and a consolidation/sideways move.The other two Big Money Footprints are highly desirable but those four are essential to me! With my new VIP filters, I’m also now looking more at overbought and oversold issues.

Video Length: 00:42:23

More By This Author:

Short Term Upside With A Heavy Dose Of Caution
Time To Be The Lion
Huge Bearish Wins … Now What?