Expecting more upside early in the week. But will be taking that opportunity to lighten up on longs, We had a fantastic trading week. All starting with the perfect 60 min oversold chart as long as it keeps setting up I will continue to trade off the signal. One more rip higher will give us another dual stochastic sell signal and I want to start my SPXU short term swing. Short term is the key here. With Bernanke pushing out the time table on the tapering the market will not pull back because of fears but more likely because its tired and needs a rest. With so much talk recently of the possible easing of the stimulus, It will become a "priced in" event and by the time that event comes. I would bet all comers we will move higher soon after the announcement.. and again this is off in the distance 2014. As to next weeks watch list, Not much has changed. We have a lot of flags developing and quality is where you want to be. KRFT continues to be my best bet going into next week. and all the other flags are outlined in the video. $A, and $DNKN will also be in focus next week.


It's been a busy 2 weeks but things will get back on schedule next week and I am planning on starting back up some evening shows, and I know RPM is talking about TraderSpotlight shows also.
Hope everyone have a great weekend
This week's Video can be seen here http://daytradingradio.com/10for1000
DTRS |