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If market conditions change you have to be adaptable. Being wedded to an opinion will destroy a trading account.

The S&P and Nasdaq did “nudge higher” last week, but only until Friday when the broad markets caught a chill over fears of stagflation, tarrifs etc.

Two things to mention before getting into my market outlook for the week ahead …

1. Very soon we’re going mobile! That’s what I was testing while up in the Alps … the raw power of our applications while you’re on the move on a smartphone device.
2. Time is really flying now … There are just 10 weeks until our once-in-a-lifetime game-changing Options Bootcamp in beautiful Mayakoba!

This Bootcamp is transformational, and this year you’ll be doing more exercises, finding optimal trades from your mobile device as well as your tablet or laptop.

Talking of mobile, our communications can be very valuable to you, so please make sure you never miss an alert, software update or market commentary join our free Telegram channel here.  

Market Outlook:

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

In last week’s review I mentioned that it looked like the markets wanted to nudge upwards, though I did attach caution to my sentiment.
And for a couple of days they did nudge upwards, before collapsing on Friday under the strain of worries about stagflation, tariffs etc.

This is now the third Friday out of four where the main indices have endured an open-high close-low. This suggests to me that it’s three strikes and now there will be some downside.

Watch the video for more detail.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Green.
• Medium Term Swing Timer:
  Bearish … just dipping below its neutral line.
• The Main Indices:
  The OVI is red for the IWM, and just dipping into negative territory for the other indices.

Stock Selection:

This week I’ve looked deeper into overbought scenarios and bearish OVI setups near Key Levels.

The key to consistency is to 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: 00:38:13

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