Post Earnings Is Here – Now Be Patient For The Right Setups
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We deployed an important release on Thursday where you can now save your chart settings and your default watchlist on loading the charts. Small tweaks can make big differences to your experience, and there are plenty more we’ll be deploying over the coming months.
Another good week in the market with no real surprises. The markets continued to rise as expected, and there weren’t a huge number of optimal setups.
Optimal being obvious Big Money Footprints, especially including OVI, Shrinking Retracements, and consolidations very close to Key Levels.
That remains the case this week, with one small difference …
We’re now a week into Earnings, and the Post-Earnings setup pies are beginning to fill up.
Here’s where you just need to be patient for an optimal setup with your risk well-defined and low. There will be optimal setups forming over the coming weeks – there always are!
As with the last three weeks’ theme, let’s still keep away from technically extended issues as the market is not signalling a likely imminent reversal right now. We’ll continue to focus on breakout potentials near our favored Key Levels, with a particular leaning towards Post-Earnings setups.
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 maintained that the markets are looking optimistic for earnings. That’s been a correct assessment and looks likely to continue.
As before though, while further upside is more likely, reward/risk is not as optimal due to the slight overextended nature of the main indices and many of the constituents of those indices.
Stick to the form of focusing on stocks displaying our Big Money Footprints, but which are not overextended.
Watch the video for more detail.
Market Timers:
- Longer Term Market Timer (OVIsi):
Green. - Medium Term Swing Timer:
Bullish. - The Main Indices:
All four main indices have broadly positive OVIs.
Video Length: 00:51:16
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