S&P in a Sensitive Zone But There Are Still Good Setups Out There

Another week of lock-down and much of the western world is making preparations to get back to some sort of normal.  I hope you’re doing well and staying upbeat!

The markets continue to be resilient, with Thursday and Friday being intriguingly robust, but the S&P remains in a sensitive zone just below its 200-dma.

Now earnings is pretty much over I would expect some sort of rangebound action but this market is full of surprises, which only reinforces our mantra of “TRADE WHAT YOU SEE”.

In our world that means persistent OVIs with trends, pullbacks, consolidations, earnings setups, recent 200-dma breakouts, specific reversals, etc.

And that was my message during our webinar last week, and in this week’s OVI Market Review.

Focus on these setups and focus on stocks you’ve got to know that are now forming those setups.

Use my TradeFinders to find the setups, and use my watchlists to organize those stocks that are qualifying or near to qualifying.

It’s that simple … Don’t complicate it.  Once you specialize in these setups you can apply various strategies to exploit them.  Either with simple long or short action on the stocks or options on those stocks, or using different options strategies to suit your particular circumstances.

In the meantime, keep practicing by studying the charts I’m sharing with you so you can recognize the setups, anticipate a stock that is potentially setting up, and recognize the non-setups.

Remember, you are best served by limiting your selections by using the watchlists and the TradeFinders.  Being comfortable not taking a trade is as important as being confident to take a trade.

Today’s market review involves a good number of charts to have a good practice session, and as usual there are several nuggets in there.

Stay safe!

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.

Speak to a team member about any of my services here >>>>

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