The April-May earnings season is now underway and is already looking like it will confirm my previous thoughts about it.
My OVI Dashboard indicators and the OVI Sentiment Indicator are still pointing in a broadly bullish direction, so I’ll be focusing on bullish looking stocks.
As I mentioned last time, there are many charts with a broad multi-month reverse head and shoulders pattern as well. On its own I don’t pay much attention to traditional technical patterns or indicators, but in conjunction with OVI indications, they becomes more significant and certain patterns (like flags) can be used for effective risk management.
Remember to focus on the most compelling setups and be patient for them. As normal, I’ll highlight a number with interesting discussion points, among which will be a few real gems!
Today’s filters have included one for pre-earnings and a continuation of previous weeks’ filters.
Enjoy the video!
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.