Tag Archives: Flags

Be Patient – Earnings Has Only Just Begun

Well that was a bit of a damp squib of a first week of earnings, but be patient, it’s only just begun and there’s plenty of time for the fun to begin. Microsoft gapped up before coming straight back down for a marginal gain, while Netflix gapped down and is a couple of bars from […]

OVI Seems to Anticipate Positive China Trade Talks Outcome

Here we are at the halfway point for the year … Earnings is just two weeks away and this recent news-driven market is potentially on the cusp of making its mind up to reach for new highs. Now, we do live in slightly curious times where even one sniff of news can impact the market […]

A Good Trading Week and Massive Changes

It’s been a good week for the major indices and most of my recent regular stocks, and I know from many OVI members that it’s been a good week for them too! More about that in a moment … Major OVI tech advances It’s also been a splendid week for us in the OVI tech […]

Strong Upward Reversal But Challenges Remain

Last week I mentioned that the market could see whipsaws (as opposed to a comprehensive down-move), and to a certain extent that happened on Monday, and following the reversal bar on Monday, the major indices followed through and kept running upwards. Big thanks to Glenn for stepping in for the last two weeks … as […]

Foot Still Off The Gas For Now

No real change from last week, so today’s message will be much the same … This is not a market to be overly aggressive, though we are hearing of some notable gains from several OVI members even in these more challenging conditions. And what do they have in common? They follow the OVI rules to […]

No Breakout No Losses – Focus on Strength

Well that was a bit of a damp squib wasn’t it?! Last week looked poised for more upside with many stocks setting up bullishly, but then along came a trade war escalation and the breakouts didn’t materialize. This is one of the many great reasons for playing breakouts as per my EDGE trading plan. It […]

Stocks Poised for Upside After Choppy Fortnight

After a choppy week or so, stocks are forming mainly bullish setups now, and I would expect the next week to be a good one. Remember the market isn’t there to make life easy for the average punter … but it can be pretty straightforward for those of us who have the right information at […]

Bullish Earnings is Underway

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 […]

Rest and Retracement Highly Likely

We’ve had a great run with this 2019 market and it’s almost certainly time for a rest. Friday’s action signals a very likely meaningful retracement is on the way, but that’s not the end of the story. First, there will be strong stocks that don’t retrace much, and they will be the ones to focus […]

Groundhog Week for this Earnings Season

It feels like Groundhog day with another decent week for the broad market, several notable OVI post-earnings setups that have continue to grind upwards, and a number of OVI pre-earnings setups popping at their earnings. Another big push would be welcome, so as I mentioned last week make sure you’re conservative with your first profit […]