Looking back now to last week I don't feel so bad stating I was not expecting much out of this past week. We basically ended flat for the week in the S&P. Going into next week I have a more bullish outlook. The 2 main events will be the Fed meeting on interest rates and of course the continued sparring over the fiscal cliff. The only thing I will say on the Fiscal Cliff is that the market is taking everything in and it continued to price in different scenarios. Worst case scenario is that talks fall apart and we go off the cliff. This has been talk about enough and brought into the spotlight more and more that other then a minor blimp on the charts. There are  great best bets this week  and the overall cross section of the stocks are setting up for a bullish move..technically speaking.. I will expect some pot holes and some rug pulls along the way, but these will only be opportunities and we will be on them. As for the fed meeting 

Via Reuters..

The Federal Reserve is expected to maintain its bond buying at $85 billion a month after a meeting on Tuesday and Wednesday, replacing the expiring "Operation Twist" with purchases of longer-term Treasuries funded by new money creation.
The U.S. central bank is also expected to reiterate its open-ended commitment to maintain this quantitative easing of monetary policy until it sees a substantial improvement in the labor market outlook. Fed Chairman Ben Bernanke will speak to the media following the Wednesday to explain the Fed's decision.
The bond markets will stop twisting next week when the Fed, details its plans to buy more long-term debt, which could continue to pressure bond yields, especially at the long end of the curve. The Fed's posture is not expected to change otherwise, and that should not surprise markets.

Fridays been a great day to bring great set ups to the room. One in particular was the Inverted Head and Shoulders Set Up in different stocks, KSS was the focus stock and one of the HPS set up for next week, this is how it played out.

This is a great pattern to learn I just did a educational video on it tonight and it can be viewed here http://youtu.be/F4jVZ7hknxc

Here was another great 5 minute set up called the lower trend line channel stochastic bounce, a pattern that works great on the daily, 60 min and 5 min chart. But really great for scalping on the 5 Min

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PS 

Coming to a site near you. Be sure to check out our intro to automated trading next week