Same story  a different week..Why is everyone so bearish on the markets? Well that's what I am hearing when I talk to people outside my industry. I feel though that sentiment is getting old, Meaning people might start believing in this market. But I can't put a time frame on it. But the psychology is tried and true and we need to understand that the markets in a big part relies and reacts on psychology because it deals with loss and gain of wealth and more importantly individual savings. I am getting more and more questions about the market from the general public. In fact just this week. Paying a ticket the town clerk ask me about the markets and I don't even know her. Then at my sons school today a parent came up to me and said what do I think about the Fairway IPO coming up. This has happened more and more over the last month and it's something I was waiting for. It is a sign of interest in the markets again, a sign of optimism. If we look at a market psychology chart we will see that Optimism is really the beginning stages of a market rally.

But should we really concern ourselves with something so vague that it would be hard to time? Probably not. My analogy of these markets right now is that we are in a long running game of musical chairs, every so often the music will stop and we will have the short term blip on the chart, but we still have a lot of the record to play and the game will continue for a while. 

Next week we should start focusing on the Go away in May trade. This will come into focus a lot in the next 2 weeks and might ruin any chances of a May pull back just because that the way the game is played.

There are some kick ass set ups for this week, surround yourself with quality and tighten up the profits.

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

BTW this weeks Kick Ass Trade is a toss up between SAM and PRE all details are highlighted in Video plus 6 others that are HPS 

DTRS

I am setting up a section on the site for a new feature SureTrader's Scalp of the Day where I will be trading with a minimum amount $2,000-$3,000  using the 6-1 margin that Suretrader gives (12,000 to 18,000) and looking for that one perfect scalp among the other trades taken that day. It will be only daytrades as Suretrader does not fall under FINRA rules (meaning you have unlimited trading) Look for this to be announced next week.

info on Suretrader http://www.daytradingradio.com/pages/preferredbroker

DTRS