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Technically Bullish, But Protect Your Profits
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
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Markets Dancing On A High Wire
Twelve weeks until our VIP Stocks Summit in London … It’ll be with us in a flash, and by then
More Volatility Is On The Way
An eventful four day week is putting it mildly! It started on Tuesday with the S&P and Nasdaq gapping down,
Indices Takes Labor Day Holiday Early
After the first four days of tepid upward action, the market decided to take Friday off for the Labor Day
The Basing Process Has Likely Started And Could Continue For Months
Happy 4th of July on Monday! This of course means there was light trading on Friday, which cannot be taken completely at face value. And that’s a shame because it was a strong second half. Last weekend I said there
Shorts Covering Gives Short Term Bullish Bias
Another good take on these fast moving markets in my OVI Review from last week. The “breather” that I referred to happened not just “any time soon” but immediately! The important thing is that we were prepared for it, and
Markets Now on a Low Wire
Some more good guidance last week puts us in an unscathed or even profitable position after another bloodbath in the markets. In fact, the first half of today’s stocks are all from last week where I review what I said
Cautious Was Right
It would be a good exercise to re-read my last week’s broadcast. Just as a reminder, here’s what I said: A largely sideways 4-day week puts the market on alert for bullish breakouts. But … and it’s a big But
Cautious Optimism But You Must Protect Profits Fast
A largely sideways 4-day week puts the market on alert for bullish breakouts. But … and it’s a big But … You will have to trade these with great care and protect your trades fast. How? First, only set a
Rising into the Holiday Weekend
I’m writing this broadcast on Friday morning, so we’ll have to see how the day plays out. But I’m confident that today will follow through from yesterday’s positive action. As I had commented for several weeks, the S&P has
Oversold But Still Room to the Downside
As I’ve said for several weeks now, we’re oversold, yet with more room to the downside. We’ll get some more cat bounces for sure, but there simply has not been the necessary capitulation (and resulting rebuild) yet. I also said
Tips for Building a Diversified Portfolio
You’ve probably heard the old saying “Don’t put all your eggs in one basket”. It’s one of the essential components of financial advice, which over the years has been simplified to: “Diversify your portfolio”. But not everyone explains why, how,
Bottom Fishing is Not a Wise Idea
Over the past few weeks I’ve noted that the markets were oversold but still had plenty of room to the downside. I could repeat that again, but finally the market responded with a steep bounce on Friday. Before the pre-market
Understanding Market Conditions
Understanding the overall market condition when trading is one of the most important aspects of trading. Many traders fall into the trap of not knowing when to scale back their trades.
So how do you determine when is the right time to scale back your trades?