Image Source: Unsplash

Friday’s escalation of events in the Middle East have got the markets guessing what next.

Until then, they’d broadly still been drifting upwards as per our expectations.

Now there’s some uncertainty, which will be reflected in price behaviour over the coming weeks.

Before my Market Outlook for the week ahead, just to remind you that personalisation of our charts is on its way, so you’ll always see them according to your personal preferences. I’ve green-lit the designs so it’s just a question of scheduling the deployment.

Market Outlook:

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

We’ve recently been broadly bullish, but with the suggestion that you set conservative profit targets, protect profits strictly, and be super selective with your trades.

In light of current geopolitical events, it’s likely that the markets will now be somewhat choppy, with some sectors doing better than others.

The obvious sector to observe is energy, with particular focus on oil & gas. Gold is also interesting but has already taken off. Unconnected, the healthcare sector also looks interesting.

Remember, regardless of your opinion you need evidence by way of our Big Money Footprints, especially the OVI, Shrinking Retracements, Key Levels, and some sort of sideways consolidation setup at the very least.

Watch the video for more detail.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Amber.
• Medium Term Swing Timer:
  Bullish.
• The Main Indices:
  Mildly blue for the SPY, DIA and QQQ. Slightly red for the IWM.

Stock Selection:

As well as my typical focus on various Big Money Footprint filters, today I looked at the main sector ETFs and then searched for stocks in the most interesting sectors.

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: 00:33:57

More By This Author: