Last week I hosted an where I demonstrated how to focus on those fast-moving A.I. stocks while using a timeless strategy. If you missed the session, I highly recommend catching the replay as we covered some key lessons for anyone hoping to cash in on what is being coined ‘Phase 2’ of the AI bull run. In one click we reduced a list of 84 stocks down to just 2 viable setups … a game-changing time-saver.
The Markets …While the indices have crept up, it’s been a mixed market this past week.You can see how odd it’s been by looking at our consolidations count in the Dashboard …Out of 60 consolidations in the top 1,000 stocks, 43 are bear flags and none are bull flags! Many of the so-called bear flags forming will actually turn out to be pullback consolidations that will break to the upside. But you see the unusual stat in that here we are in a bullish market, but with no bull flags!Another observation from last week is that despite a mixed overall performance, very few of the overbought stocks I highlighted retreated meaningfully. This means there are still plenty of overbought stocks out there, and as we stand today most of them are looking like they’ll remain overbought until there’s a catalyst to the downside.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 said “choppiness is the most likely outcome for the coming days … Probably not optimal conditions …”.I think that’s been a good shout.For this coming week I anticipate more upside and and more choppiness.I’m loving our new VIP filters that are giving us more control over the Big Money Footprints setups we’re finding near Key Levels.Watch the video for more detail.
Stock Selection:Again, today I’ve focused on post-earnings setups near Key Levels for potential breakouts, and some potential reversals from oversold positions.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: 00:33:59More By This Author:
Key Metrics Showing Unusual Readings
