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Members can view it here http://daytradingradio.com/10for1000
Stocks featured BHP, CAT, SLB, VIA, ZNH, X, QCOM, DG
Some things i forgot to mention in video. Will be taking off SDS tomorrow at one point.
Going into the first week of April has been extremely bullish according to Traders Almanac. The probability Charts on historical data give each day 60%+ up upside potential. This seems to fit well into this recent 2 day pull back and as the Basic material sector has also set up in a HPS zone. Now HPS Buy/Sell zones don't come around to often and when a majority of a sector is triggering a buy zone I want to on the look out for that extra piece of evidence that can confirm the possible rally. In this case I will be looking for the possible early morning weakness or possible gap down as a very good entry level for a long. Then after making the morning lows the stocks reverse put in those bottoming tail and really make it obvious to the changing or the trend.
After all that just to let you know I bullish going into late morning trade, If we get the gap down I will take the SDS off right then, and if not will hold to see what the first 30 min brings.
$X could give some clues tomorrow, if it rallies after 10:30 I might jump on board
DayTraderRockStar |