After doing my 10 for 1000 watch list video and research, I am not afraid to go on record and call for a early week rally.

Reason are:

The HPS methodology was developed to take the risk out of initial entries into quality companies. But if you look under the hood of HPS you will see how a finely tuned entry is based on the convergence of multiple indicators. Stochastics, Trend Lines, Recognizable Patterns, Volume Candlestick reversals, and Support and resistance. You could add other indicators like moving averages, but over time you will find that the first 3 really define the best possible entry zones. Now since the beginning of the year I made a huge effort to stay within the HPS methodology when trading stocks and doing research for the watch list and this has resulted in 82% success rate http://www.daytradingradio.com/include/data/files/2012/03/01/dtrs-portfolio-2012-feb.pdf?f

My mistakes have been in holding into earnings (CRR) Getting caught in downgrades or some type of company news (CSH) (IDCC) or just stepping outside the HPS method and having a personal opinion or bias on a particular stock (ARCO) (BIDU) ect.

When I review my performance each week and month I don't mind the loss if I see the mistake in my ways, It is actually very enlightening and motivational for me to know why I lost money. That is easy to fix. I just get back to the method that gave the 82% success rate. 

I also have cut back my trading size a lot and it has really benefited me, As we all know if you are in a position and are over extended you will have more emotion and more chance to drift away from the defined method. 

Now back to this week's rally call. After doing hours of research, scans and analyst. I can quantify a good return on the HPS methodology right now I put it between 70%-80% success rate. What I have noticed is that the majority of the components to the Dow Jones Industrial Average (which consist of 30 stocks) are set up as High Probability Set ups.or have very recent bullish signals.

Secondly The basic material sector including Steel, Agriculture, Coal and Oil and Oil Services have all set up for there next move up. Some of these Steel and Coal have been really lagging the markets and I expect these to carry the market higher.

This weeks 10 for 1000 watch list has many top industrial stocks in it and components of important indices. 

One of my favorites for this week is BRFS

So that wraps it up for this weekend, Futures open at 6:00pm est tonight You can view them here and don't forget to view this week's research and 10 for 1000 watch list here http://daytradingradio.com/10for1000

DTRS