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 […]
Tag Archives: Reversals
The post-earnings market is choppy and not as predictable as we prefer it to be. Therefore, play it safe until conditions are more favourable. Remember, our bread and butter is OVI breakou…
On Monday morning I said that a reversal was imminent due to Friday’s Doji bar. The reversal didn’t materialize on Monday. Instead the market produced another Doji bar. This simply m…
Friday saw a potential reversal bar on the S&P and several stocks. Our bread and butter is OVI breakouts of trending stocks, and that’s what you should be focusing on 80% of the time. …
I mentioned in blogs, videos and Tweets that the Brexit referendum was akin to a market-wide earnings report, and that you should be cautious in the lead up to it. That proved to be a decent syn…
As I mentioned in a Tweet last week, the Brexit uncertainty is akin to an earnings report but on a market scale, not just an individual stock. As such the markets are twitchy to say the least, t…
The S&P has drifted to new highs, with the other major indices not far behind. And yet it’s not been carte blanche to easy pickings like you’d get in a typical bull market. Rather, I w…
Following on from Monday’s video … The first thing I do every day is look at my watchlists, including the main indices. What I could see today was a railroad track in the city type of set…
Not much change from when I wrote on Friday other than to say a short term rally is on the cards this week.As I’ve been saying for a long time now, this is a pretty hostile market, so protect your pro…
Just to follow on from my note earlier this week. The markets continue to be ugly, but many of my students continue to thrive in spite of the conditions – you’ll see that in the video. This…