First of all this is a great watch list!  Keeping the market direction at our backs we go into this week with many potential catalyst that can move this market in either direction. I always want to have a clear directional trade in mind when putting a stock down on the watch list. I don't want say things could go either way or I don't want to put that big caution sign disclaimer going into a new week of trading. But that's just the way this summer is playing out. Bernanke speaking Tuesday and Wednesday, Earnings season is kicking off, Euro fears are still the top headline, and we have the "Fiscal Cliff" fear mongers starting to make waves. Watch for the Fiscal Cliff to over take the Euro fears in the up coming months. All this spells uncertainty in the markets and that spells caution. As a Technical Trader I try to block out a lot of the chatter in the markets. But it has no doubt effected my position size over the last few months. Right now the markets seemed to have excepted the Euro crisis and has probably priced in a lot of the earnings expectations (which is lower then expected). 

The best thing to do is stick to the technicals cause they are painting a picture that is clear to see. This week's Bias is up based on the daily cross over, but any failure will be an even bigger signal to the downside.

Watch List Video 

http://daytradingradio.com/10for1000

DTRS