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The indices have crept further into extended territory, and technically remain bullish, but it’s this kind of territory where positions can be vulnerable to very sharp pullbacks, even if they’re temporary in nature.

We haven’t yet had the increase in volatility that I’ve mentioned recently … But it will come, so protect your profits as per our EDGE Trade Plan, you’ve earned them!

By the way, there’s a slight glitch with the blog archive today, which will be updated and fixed on Monday.

Market Outlook:

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

Bullish but with the caveat that the indices are overstretched. Again, we’ll stick to our trusted formula, ie. stocks that are bullish and close to their Key Levels (ie. not overbought).

Watch the video for more detail.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Green.
• Medium Term Swing Timer:
  Bullish.
• The Main Indices:
  All blue … but maybe too much of a good thing!

Stock Selection:

Today I’ve gone through my various Fast Filters, focusing on Post-Earnings and the main Big Money Footprints.

We know for sure – quantitively – that the two most important attributes in our arsenal are the OVI and Shrinking Retracements. Please be super aware of them and the way I use them.
 

Video Length: 00:40:35

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