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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
OVI Market Update 7 July 2010
Hi Everyone
Just a quick update this time as I’m travelling on business.
We’ve had an extraordinary record with the OVI showing us the way of the markets well in advance of the big moves …
Market Update 30 June 2010
Hi Everyone
Well, as I wrote before yesterday’s action, and as I discussed in my Private Traders Club Members webinar, this is a bearish market, and Tuesday’s breakdown was no surprise except in…
Market Update 29 June 2010
Hi Everyone
No upside follow-through from Friday’s Doji bar on the main indices, and no upside follow-through from GS either.
From a trading standpoint that’s fine as none of our breakout …
Market Update 25 June 2010
Hi Everyone
Do not be surprised if we have a short term upward reversal this coming week.
The S&P and Dow both exhibited doji bars on their cash indices and their ETFs on Friday. &nbs…
OVI Update 22 June 2010
Hi Everyone
Once in a while the markets give us what most traders fear the most … the dreaded outside bar! An outside bar occurs where today’s high is higher than the previous day’s (or …
OVI Update 16 June 2010
Hi Everyone
Just a quick update on yesterday’s OVI readings. The Dow and S&P’s OVIs crossed to the upside (the S&P only just) but curiously the Nasdaq’s OVI turned slightly down.
…
Market Update 16 June 2010
Hi Everyone
(Please note the OVI charts are Monday’s as Tuesday’s are still being calculated as I write this note)
Well the Double Bottom held and we’ve seen strong action on the main indices as they …
Market Update 10 June 2010
Hi Everyone
The major indices tried to get going positively today and got pegged back.
Here is the previous day’s OVI chart for the S&P (today’s is still being calculated as I write this not…
Market Update 03 June 2010 – What Next for the Markets?
Hi Everyone
The markets are still volatile with large daily swings up and down.
The basic patterns remain pretty bearish and the OVI for the S&P and Nasdaq are also negative, while the Dow …
Market Update 25 May 2010
Hi Everyone
Do not be concerned if you cannot find many or any decent patterns like neat flags right now.
The market is telling you something – that it’s temporarily sick, so you’re better to b…