Hope everyone had a very nice holiday, Historically we enter a week which has a very high bias to the upside, and it comes with the name Santa Claus Rally and typically goes into the first couple days of January. We really got to see the effects of this last week beginning  Tuesday and closed out very strong on Friday. The light volume grind should continue as we kick off the week tomorrow. Last weeks push has really extended most stocks out of really good buy areas and even though there is a good chance of more upside, I would be cautious chasing the market as we are hitting my target of 1267 short term. I would use the strength to take some profits and mentally prepare for a New Year of Trading. As for shorts the bias is to the upside and until that changes want to be cautious shorting other then intra-day and futures.

This week's watch list really defines the goals and methodology of researching and picking trades for the watch list, and to step away from that would just put all the risk back on the table. When there really isn't any need for that. Sorry that the watch list got out late this weekend was spending a thankful holiday with my family. 

You can view watch list here http://daytradingradio.com/10for1000