|
Looking for another volatile pre-holiday trade this upcoming week, Volume will start to dry up as we approach the weekend. Conditions merit a very cautious outlook, but there is a big move right around the corner, I feel it will be triggered with some news. Cash is king and cut back on your shares. Have your "goto" longs (HANS, RAI, STT) and Shorts (RL, BWLD, FOSL) handy. This weeks watch list touches on the stocks that are very strong and have not shown the volatility that is gripping the markets. The shorts are still set up, but the market will be choppy and best to be safe and cutting back on size if you are going to trade this week.
Watch list video can be seen here http://daytradingradio.com/10for1000
Also below is one of the scenarios that could play out


|