In my Election Special webinar on Thursday I highlighted some stocks that could flourish in the event of either candidate winning. If you missed it, you can watch it again Election Special webinar.The Markets …As anticipated again, last week was a non-straightforward up-week. This upcoming week feels like a similar theme.This means you must protect profits early as per our EDGE trade plan. See below for Market Outlook.
Market Outlook:
Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.Over the past couple of weeks I’ve said:
… I expect a broadly positive showing from the S&P, though I would have preferred if the S&P and Dow were starting from slightly less extended levels.That was a conundrum last week where I said upside was likely to be untidy, and the same applies this week.Again, I’m inclined to be cautious about pre-earnings setups, and with more stocks reporting, we can now turn our focus to our favoured post-earnings setups.Watch the video for more detail.
Stock Selection:This week I went through my regular routine of reviewing my static watchlists and then my Fast Filters. As with last week, it felt challenging to find plum setups near our favoured Key Levels. That tells me that conditions are likely to be choppy, which makes sense given that we’re in earnings season.Pick your playbook and stick to the best quality setups that conform to it.My playbook is OVI, near Key Levels, Shrinking Retracements, and a consolidation/sideways move. The other two Big Money Footprints are highly desirable but those four are essential to me!Video Length: 00:50:50More By This Author:Focus On Tech, Energy And Financials
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