Tag Archives: Railroad Track

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 […]

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 […]

Earnings Gems and Railroad Tracks

So we’re in the thick of earnings now and there are indeed several gems, both with the pre- and post-earnings OVI setups, though the straddles are a little more elusive right now. Your job is to stick with the most obvious setups and manage risk accordingly as per my trading plan.  Do this and you’ll […]

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 […]

Mellanox Adds to the Growing List of OVI Takeovers

OVI Post Earnings keeps delivering. On Monday Mellanox Technologies (MLNX) added itself to the growing list of OVI post earnings setups that have been takeovers shortly after. It’s a phenomenon of the OVI post earnings setup that extends the post earnings drift into a fast windfall scenario, and we’ve already had VSM this past earnings […]

Close But No Cigar – Time to Take it Easy

The market is in one of those “will it, won’t it” phases. The OVI Dashboard shows that many stocks have progressed from 1-month trends into 2-month trends, and we can also see that may are now in a shallow retracement. This brings about the possibility of my “Retracement Reversal” setup, but it may be a […]

Earnings Season Over, But Still Plenty of OVI Setups

Earnings season is over but there is still much fun to be had, with many of our selected stocks still drifting in the right direction, and still more great post-earnings setups awaiting a triggering breakout. In today’s video make sure you note the new setups like SINA, while also observing the many others that we’ve […]

Big Market Review – Many OVI Setups

Greetings from the slopes of Austria! This week’s OVI market review is a long one, and there are a number of very good looking pre- and post-earnings setups. I’ve also done one of my thorough static watchlist reviews, as well as adding more to my dynamic watchlists, so be sure to look at my Stocks […]

Ambiguous Market Means Watch First, Act Second

Being patient is a huge virtue in trading. There are some decent setups around, but not ones where you would go in with all guns blazing. This week will tell us more about whether the market wants to make this current retracement into a bull flag and the start of a new up move, or […]

OVI Sentiment Got It Right

Last week I was clear that the markets were facing an uptick in volatility, and that you should only consider conditional orders or straddles. Along with the OVI Sentiment Indicator (OVIsi) having turned red on the 28th September, this gave you an invaluable insight at exactly the right time … and not for the first […]