Part 2 of the HPS watch list has been released secondary set ups

posted by daytraderockstar

Jul 22, 2016 7:18 pm

Time frames on the SPX ( S&P 500) are all showing overbought levels, the 60 Min  Daily,  Weekly and even monthly are extended and in a way have a lot of traders looking or a pullback. I will not be trying to time this pull back a been calling for higher levels for the last 2 months. We have been doing just great with the HPS setups and part one of the watch list video really has all the important trades that are set up for next week. This second video is a deeper look at stocks that really can bring anything better then what we had earlier. I did do a monthly stochastic scan and it has some interesting results.

I mentions next weeks best bet over 5 times today in the chat room and also explained why I was adding to the position. Needless to say the best bet stayed strong  all day and confirms in most part a great chance for a follow through next week.

The other stock of interest ins YHOO who we have a good chance of getting an update on the bidding process going on for YHOO's core internet business.

Over all great week and great HPS list

You can watch part 1 and 2 of the Members video here

Here are the charts from last weeks HPS list

http://daytradingradio.com/announcement/archive