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Last week had something for everyone … the good, the bad and the ugly!

Nearly every stock that we flagged as bullish did ultimately go up … but in several cases not without a blip first … and one or two of those blips were rough.

By rough I mean making false breakouts before taking a nasty pullback but then rising sharply back up … Yes, you ALK!

But overall another good week. The main indices did pull back somewhat – as expected – and then roared back on Friday, suggesting further upside is likley.

And in the post-earnings environment, that’s good news for us WiseTraders.

And talking of earnings … make sure you watch the first part of today’s video where I showcase a raw version of the new Earnings component I’m going to release to VIPs in the next few weeks.

Market Outlook:

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

Last week I said:
At these sllightly overextended levels a minor pullback is to be expected for the SPY and QQQ, but there are still attractive individual stock setups which are not over-extended and which can be exploited.

That was pretty good! This week I expect broad bullish follow throughs from solid bullish post earnings setups.

Watch the video for more detail.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Green.
• Medium Term Swing Timer:
  Bullish.
• The Main Indices:
  The DIA and IWM (completely different indices) are both roaring back with big blue OVIs. The SPY is creeping back into blue, and the QQQ is still deep red OVI, which has to be an anomaly!

Stock Selection:

** Remember, managing risk in your trade management is as important as trading with higher probabilities. This is very much part of the WiseTraders method, and is our third Master Key. Look in our Gift area inside the Platform to watch “How to Cap Your Losses & Protect Your Profits“. **

This weekend I’ve focused on my usual preferences with a leaning towards post-earnings setups.

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! Increasingly, I’m researching the resulting impact of very short term momentum, and with my new VIP filters I’m also now looking more at overbought and oversold issues.

Video Length: 00:40:33

More By This Author:

Stock Selection And Trade Management Are The Keys To This Market
The BMF System Pays Again Even After Tariff Tremor
Post Earnings Is Here – Now Be Patient For The Right Setups