Well, I’ve been saying the market looked over-extended for several weeks now, and this week it finally got the jitters.
This is a good thing … We like stocks that are converging and setting up around their important Key Levels, and this reset process will provide us with lucrative setups in due course.
Not that there haven’t been any over the past few weeks; indeed there have been a decent amount. But not the kind of numbers that we can get spoiled with when the markets have a proper rotation.
So, be patient and allow the market to do its thing. In the meantime there are a number of decent bearish setups forming. To take advantage of these safely you really do need to use options. Going short can expose you to unlimited risk which is never a good idea … as certain hedge funds have found to their great cost over the past couple of weeks.
When you BUY options (for bearish setups you’ll BUY put options) you don’t require margin and your risk is strictly limited.
And the fact is that bearish setups can be very lucrative, so it would be a shame to miss out on those. In this way, options are truly a MUST in your toolkit.
Obviously, what’s happened in the markets these past couple of weeks is absolutely unprecedented! The big boys have been upended by a informally but brilliantly coordinated assault by legions of small players that have turned themselves into a new type of BIG MONEY.
And with that in mind, we are already working on new filters for short interest, and also for identifying stocks that are being hyped up by these social message boards.
That’s not all, as we’re also very close to deploying new tools for your saved Fast Filters, and a entirely new Stock Summary Page, which will become indispensable for you!
In today’s OVI Market Review you’ll see a number of bearish Big Money Footprint setups as well as a few bullish ones.
The current outlook is now distinctly “mixed”, but that always means a plethora of excellent setups is only a matter of time.
PS. If you’re interested in any of my OVI trading services for stocks or options such as a fast-track mentorship or workshop event, book yourself an appointment here to speak with one of my trusted team. Many of my members aren’t aware of all the services I offer to help you become an established consistent winner with the OVI. Remember, everyone is an individual, and I ensure that I can cater to you and your particular needs.