Another good call last week as we anticipated a broadly quiet / sideways week.

One noteworthy scenario that played out was the stimulus package announced by China, sending China-related stock into orbit. From our point of view most of them lifted off with no consolidations or warning. We’ll take a look at a few of these today.

See below for Market Outlook.

Market Outlook:

Watch the video for more detail.

Last week I said:
I anticipate a slight stalling, nothing too dramatic.

This week I expect some retracement work but only as a temporary situation, perhaps before further upside before or when the upcoming earnings cycle begins.

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

The Main Indices:

All the main four indices rebounded up through their 50-dma’s and finished at or near their week highs.

Stock Selection:

This week I went through my routine of reviewing my static watchlists and then my Fast Filters. Today these included OVI Big Money Footprint combinations, consolidations, Shrinking Retracements and overbought scenarios.

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!

Video Length: 00:50:41

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