Tag Archives: Reversals

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 […]

More OVI Setups to Learn From Today

If you attended my OVI Traders event in London two weeks ago (live or remotely), the workshop recording has been published on the Private Workshop website, and you can now review the recordings, which are conveniently organized into the same chapter headings as within the manual. There are more setups today than last week, but […]

Not Many AAA Setups

For all those who attended last Saturday’s London event (live or remotely), the workshop recordings will be released in the next few days, so look out for an email on that. As we look at the markets today, there are not many great OVI setups right now, so this will be more of a learning […]

Even in This Market There are Easy Pickings

Even in this market there are easy pickings, as evidenced by my recent commentaries on FAST, KO, PEP, AMT … and those have actually been bullish stocks. There are plenty more bearish setups as you’ll see from today’s video. If you follow my method and trading plan I guarantee your results will improve and you’ll […]

Post Earnings Is Looking Bearish

In OVI terms, pre-earnings was bearish, and followed through exactly in that way. We had a small retracement last week, as I suggested on Tuesday. Now, again in OVI terms, post-earnings looks bearish, and there are an increasing number of bearish OVI post-earnings setups taking shape. Now, do bear in mind that this market is […]

Post Earnings Is Looking Bearish For Now

In OVI terms, pre-earnings was bearish, and followed through exactly in that way. We had a small retracement last week, as I suggested on Tuesday. Now, again in OVI terms, post-earnings looks bearish, and there are an increasing number of bearish OVI post-earnings setups taking shape. Now, do bear in mind that this market is […]

A Bounce Is Likely This Week – But Only Trade If It’s In the OVI Direction

This week there is a strong likelihood of at least a short term bounce.  I can see many potential reversal setups, but these could be short term.  If you don’t know how to trade them properly you could be vulnerable to whipsaw action,  If you do know how to trade them properly, then only do […]