On Friday the S&P ratings agency downgraded France and 8 other European countries, This had been hinted too over the last month so I am on the side of just seeing a small reaction Tuesday morning in the market due to this expected news. The markets had been warned of potential downgrades in December and rumors had been flying the last few day on the exact timing. I would look for a small pullback early Tuesday and would not be surprised if we actually gapped up in the futures Tuesday morning. With this behind us This weeks watch list is definitely the best of the year. There are 2 "Kick Ass Trades of the Week" for this week and would like to continue the success from last weeks pick (DD). Again I want to stress the importance of timing in this market, only taking the trade that comes to you. Each trade should be planned out and executed with a profit exit plan and exit plan if the trade does not work out. Please pay attention to the VALE chart description on this weeks watch list as it goes over in better detail the time layering indicator, and how important it is to wait for the trade to set up.

You can View Watch List video here with Kick Ass trades of the Week http://daytradingradio.com/10for1000

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DTRS