[OVI Market Review] New Year Starts With Defiance

[image] [Unsubscribe]() [image]( Dear Trader Happy New Year … again! A quiet first three days of 2023 was followed by a flourish on Friday as the market took any kind of encouragement from the jobs report. Could it be a bear trap? Let’s see – don’t preempt it. Pre-earnings begins in earnest next week, and I always feel earnings season really starts when JP Morgan announces, which will be on Friday. At the start of today’s video, I’m going to show you some imminent improvements which we’ll deploy in the next two weeks, before the really big ones get rolled out later in Q1. I’m sure you’ll find the imminent ones super convenient, and they do pave the way for the biggies! In terms of quant R&D we’re making excellent progress with an overbought algorithm which is great for bear call spreads. And we’ve mapped out how to tackle the elusive Shrinking Retracements filter, which could be something of a game-changer in terms of time. In today’s OVI Market Review I’ll reference a number of stocks as usual. Most of the more obvious setups are to the bullish side, but there are hazards ahead … namely earnings and bear traps, so make sure you manage you trades very conservatively, protecting any profits, literally immediately. [Watch today's OVI market update video here >](=) Market Outlook: As we approach earnings, there are two possibilities … Either we roar in for a while, continuing Friday’s momentum, or the recent defiance turns into a waterfall at or near the 50- or 200-dma’s. For more detail follow the blue button link below to the blog. The Main Indices: The QQQ – The SPY - The IWM - Go to the blog for details. Market Timers: - Longer Term Market Timer (OVIsi): Amber, and will likely stay amber for this coming week. - Medium Term Swing Timer: Positive and not overbought. - SPY OVI: Slightly red. The interpretation for this is ... Go to the blog for more detail. Fast Filters Stock Selection: This week I’ve made a number of Fast Filters to unearth the best looking charts. Remember the optimal setup includes: - OVI bias - Recent cross of a Key Level - A consolidation or sideways movement - Recent shrinking retracements The other Big Money Footprints of recent accelerating volume and price action are also important. Please view the blog for a smaller segment list that you can focus on. --- Software Upgrades: Just to remind, new features such as looking up options strategies directly from the charts are now in development in time for spring. A big swathe of upgrades will be released in January, starting in the next couple of weeks. Stay in touch to discover more as we unveil best-of-breed applications! Events: The [OptionEasy Bootcamp on 22-23 April](=) is only around the corner, and with all the upgrades coming, it will be our best ever. It’s at the National Hotel on South Beach Miami, and we’ll also be broadcasting live and recording it. I will be unveiling more upgrades and findings, making all of our trading more precise and more efficient. -- 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