[OVI Market Review] Tech Giants Earnings And Then A Rest

[image] [Unsubscribe](=) [image](=) Dear Trader As mentioned last week, the likely scenario for this bull run is that the giant techs need to report their earnings before this market can take a proper rest. Interestingly, they pretty much all dropped last week – perhaps in sympathy with Tesla’s earnings reaction – with only Nvidia not quite puncturing its 20-dma. Meanwhile the major indices remain deeply overbought in terms of price, but not quite in terms of breadth. The easier signal is when both are overcooked by our way of looking at things through our OVI Dashboard pies. Financials and energy stocks instead took the strain, along with a couple of other sectors propping up the big indices. But with six of the big seven tech giants still to report, there’s scope for surprises and one final push up. As I mentioned last week, keep it simple and trade what you see … which for us that means the Big Money Footprints in the context of our three Master Keys. Avoid having an opinion, think Quality over Quantity, and only trade the AAA setups breaking out from Key Levels. Today you’ll see a reminder of just how powerful and quick this technique is with our unique tools and indicators, including the OVI and Shrinking Retracements. For more detail follow the blue button link below to the blog. [Watch today's OVI market update video here >]() Market Outlook: Last week I said “the indices continue to show robustness, and while I would expect 20-dmas to be tested, the overall strength has a good chance of continuing until after the big techs report their earnings … but as with the past couple of weeks there is still some room for further upside first”. It’s a similar theme for this week, with the additional observation that the big techs have made an initial wobble. For more detail follow the blue button link below to the blog. The Main Indices: The SPY – The QQQ - The IWM - The DIA - Go to the blog for details. Market Timers: - Longer Term Market Timer (OVIsi): Now full green and has actually strengthened in the last two weeks. I think that trend will slow very soon. - Medium Term Swing Timer: Bullish and not overbought. Twice it has flirted with being overbought over the last couple of weeks, and twice it has made only fleeting retracements. - Index OVIs: DIA and IWM have remained pretty strong, while QQQ’s and SPY’s OVIs look to be faltering slightly. Go to the blog for more detail. Fast Filters Stock Selection: There are still a few nuggets around those attractive Key Levels. Today I’ve included a couple of bearish setups with bearish Shrinking Retracements. As ever, I use the various Big Money Filter combinations near Key Levels with convincing OVIs. Please view the blog for a smaller segment list that you can focus on for the week, though after next week this will only be able to be seen by logging into the platform. --- Software Upgrades: By the end of this month we’ll be deploying the new Expert Watchlists function – this will have profound implications moving forward. The Journal app calculator and embedded TV will follow. Then the big charts upgrade and by popular demand, the broker API. Also the Shrinking Retracements are currently found in the VIP watchlists, but will soon be deployed as TradeFinder filters in their own right. So, many game-changing upgrades will be made in time for the London Stocks Summit on December 2nd. Stay in touch to discover more as we unveil best-of-breed applications! Events: Our Stocks Summit in London on 2nd December will be the most practical ever, and with the most bonuses ever. Each session will have a practical exercise for you to complete, so you can build your confidence in finding the exact type of setup you want to focus on. These practicals will include Market Timing and specific stock strategies, and will only take 15-minutes for you to complete. This will give you the confidence to use our tools to their maximum potential while saving you huge amounts of time. We’ll have the Foundation Day online the Saturday before the big event so we can focus on more of these practicals during the event. -- Remember, you can play the video at 1.25x or 1.5x speed if you want to save time! I have placed all the stocks covered in today's review in your "Latest Preview" watch list. [Watch today's OVI market update video here >]() Bye for now Guy [image](=) PS. If you're interested in any of my OVI trading services for stocks or options such as a [fast-track mentorship]() or [workshop event](), book yourself an appointment [here](=) to speak with one of my trusted team. Many of my members aren't aware of all the services I offer to help you become an established consistent winner with the OVI. Remember, everyone is an individual, and I ensure that I can cater to you and your particular needs. [Speak to a team member to get your ideal package tailored just for you >](=) [Unsubscribe]( FlagTrader.com Ltd 1 Dawes Court Esher, Surrey KT10 9QD United Kingdom +44 (0) 203-865-3584