The main indices and many stocks peaked at their overbought levels early in the week, but a number of issues have plenty of room for deeper pullbacks to Key Levels.

In the aftermath of the election I’d thought there might be even more immediate upside potential, but overbought markets always have the potential to drop quickly … which is why we say never chase them.

We’re now in Post-Earnings so the coming weeks will see our most optimal setups emerge.

See below for Market Outlook.

Market Outlook:

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

Choppiness is the most likely outcome for the coming days.

Probably not optimal conditions, but there are still some decent setups in both directions..

The best current setups are the breakout opportunities near Key Levels and the the overextended reversal opportunities far away from Key Levels.

Stock Selection:

Today I’ve focused on post-earnings setups near Key Levels for potential breakouts, and overbought setups ready for reversal.

At the London VIP Summit we’ll go through exercises where we can use the filter combinations to highlight great setups and save time.

Pick your playbook and stick to the best quality setups that conform to it.

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: 00:44:37

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