Plenty of decent setups for us this week, but you’ll also see plenty of whipsaw-type action too. Just look at the main indices for how that played out this past four days alone! So you have to be fussy about your selections and vigilant with executing my trading plan. How many months have I been […]
Tag Archives: Options
On Wednesday I received an email from MaryAnn who’s been a member for 9-years. She said: Dear Guy Hope you’ve had a good week. It was amazing how you told us about BYND at the weekend … … And she went on to mention a few other stocks with similar setups that she’d found with […]
Last week I said we need a wash & rinse after another yoyo week, and what we got was … another yoyo week! Optimal conditions will return, and for now the lot of the swing-trader is to sit tight and be extra vigilant with any trades you do make. It’s not that money can’t be […]
Enough of these spin cycles, what the market really needs is a complete wash & rinse! Once again, the market looked poised for a meaningful plunge, yet bounced back strongly, creating whipsaws and more challenging outcomes. One way I’ve been advocating handling these conditions is to immediately adjust your stop to breakeven after the first […]
The S&P and Dow are both making new highs, but extended stock setups still pose dangers. The safest setup right now is a consolidation above a Key Level where the OVI is corroborating with a bullish sentiment. Earnings has been mixed, with pre-earnings being higher risk this time around. Last summer it was a breeze, […]
When you look at Apple you see the dilemma we’ve been encountering with many stocks over the past few months. A seemingly no-brainer breakout, backed up by positive fundamentals, but which then pulls back to create a false breakout. Of course this isn’t playing out everywhere, but more than we’d typically expect, and more than […]
The markets still look bullish by and large, but they remain tricky to trade due to the prevalence of false breakouts and steep retracements. We’re also in earnings season, which adds another layer of risk, though again by and large it looks like we’re in for a largely positive crop of announcements. The big question […]
Well, this was a nice start to my day … A rather nice and useful package of WiseTraders branded goodies arrived on my doorstep this morning, and I’ve heard that a number of others have also landed today. Great news! Here’s what’s inside: A USB power bank for your mobile devices Four double-sided laminated cheat-sheets […]
First, let me wish you a very Happy Easter! Life is slowly getting back to normal just in time for spring and summer, and we’ll be celebrating with an Easter Egg Hunt Adventure! Today’s OVI Market Review has some real nuggets, so please do watch it carefully. Here are some highlights: The importance of a […]
A two day recovery across the board shows exactly why this market is so treacherous. The trends simply aren’t getting a chance to set their roots. That’s not to say there haven’t been decent breakouts … there have. But they have been outnumbered by false breakouts. So, what to do? First, this is not a […]
