Been here in the office over 10 hours today scanning and charting 100's of stocks This is something that I do for the members of Daytradingradio, The research is designed to bring into focus quality stocks that nearing defined areas of interest, be it trend lines, Support or resistance or just a higher value area. The wild cards in the market are the news events that can appear at any moment, and as we all know news is the major focal point of the markets these days. Thursday the markets reacted to a very negative Philly fed Number this came at very important technical resistance level in the markets and markets sold off hard from this point. The overall picture is better then what you would think listenng to the situation in both Europe and here in the U.S.

Shorter term technicals have rolled over and we have defined a new downward channel, it the larger picture this could be seen as a larger bullish flag but we need to break back above 1364 to confirm this. 

Fridays move up was not convincing but did act perfectly with the oversold 60 min stochastic oscillator but this is looking more like a bear flag then a push higher.

I have a list of stocks to go over Monday that are in addition to the HPS  set ups, These I just uncovered in the last 2 hours. They look very promising and are some new candidates for break outs.

The short set ups are in front of us all over the market but there are the new breed of up and comers that sure look strong to there is a beautiful balance for this weeks watch list plus more coming.

http://hps.daytradingradio.com/

and watch list video http://daytradingradio.com/10for1000

DayTraderRockStar

P.S This week's weekly Super Stock Jockey Challenge starts Monday but this week we will be just trading 1 stock and that one is "GG" Goldcorp that's right we are going to see how well you can manage trading one stock. We have had some great gains from the last 3 winners now lets see if there methods can pull the same results. Prizes are the same

The Prizes:

1st place: $500 USD + an invitation to the SSJ NASDAQ Opening Bell Ceremony 

2nd place: $250 USD + an invitation to the SSJ NASDAQ Opening Bell Ceremony 

3rd place: $150 USD + an invitation to the SSJ NASDAQ Opening Bell Ceremony

4th place: $75 USD 

5th place: $50 USD 

6th - 10th places: $25 Amazon Gift Certificates 

Be sure to enter and give it a shot ...no risk only reward!