You sometimes buy call options [a bet that a stock will rise], even though many indicators show the market is overbought. Do you ever consider market conditions when issuing a new long or short position?
Jeff doesnt look at broad market trends. They arent generally relevant to the Precision Profits system because seasonal trends dont really care about overbought or oversold conditions. Thats a psychological indicator, and seasonal patterns are about the weather issues and consumer issues that impact various companies for various reasons.
The market can be overbought and, yet, if Jeffs meteorological partner, Chris Orr, knows in August that the Rockies will get hammered with snow starting in late October/early November, then we know the ski season will arrive early and that will be a boon to Vail Resorts. Vails shares will respond positively to that factor and will totally disregard broad-market sentiment.
So we follow specific company trends, and there Jeff does look at certain technical indicators.