Regardless of any political leanings, that was a memorable week in the markets.Our prediction of a Trump win (following the lead of the betting markets) was correct, and if you tuned into our pre- and post election Masterclasses, you’d have seen how accurate we were in identifying the sectors and stocks that would be most likely to prevail with a Trump victory. I also said a Trump victory would be well received by the markets, which was also spot on.If you haven’t yet seen that class, you’ll see just how good we are by watching the replay .Here’s a reminder of what I said last week:“As for the election – my instinct is to go with the betting markets who have Trump as the more likely winner at 62% implied probability, vs. Harris at 38% … On the face of it I imagine a Trump win will be a boost for the markets”.
The Markets …
All four main indices popped on the election result from positions that had nervously pulled back the previous week. This suggests the markets were more surprised about the result than we were!We’re now almost through earnings, meaning the double whammy of post news environment – earnings and the election.This will provide us with plenty of setups, the only issue being that many stocks have already gapped up into overbought territory.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.Last week I mentioned it was a shame not to be more aggressive with our pre-earnings strategy as it has a good record. Last week was a case in point, but if you do want to play pre-earnings moving forward, there are very important rules to follow, which I will give you at our .The indices are all overbought, and they’re likely to be in the mood to stay that way.What you need to do is focus on the strong looking stocks that are not currently overbought.Watch the video for more detail.
Stock Selection:Very soon, I’ll be making adjustments and additions to many of the Fast Filters to make them more efficient. Last week’s improvements made things much easier, and I can guarantee they will dramatically reduce the time needed to find our ideal setups.Today, I’ve been interested in Post-Earnings setups and anything constructive that has not become overstretched.
I’ve made use of the new filter that highlights stocks within an ATR range of our Key Levels, which has brought excellent focus to what I’m most interested in finding.At the we’ll go through exercises where we can use the filter combinations to highlight great setups and save time.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! With my new VIP filters, I’m also now looking more at overbought and oversold issues.Video Length: 00:45:56More By This Author:
Election Shows How Good We Are
