I tried to get the watch list out earlier today to take advantage or some HPS zones, but I had some charting issues and overall weird tech glitches all day long. I didn't get to trade much and really didn't get to digest everything yet. I am releasing the video portion of the watch list and it has all the snap shots of the set ups. I will be in later this weekend to post the charts.
Overall We had a great week in the scalps and short term trades, taking scalps in WMT, CSX and Trading the ES_F (Es Mini) using the divergence method. This was the most exciting for me this week cause I forced myself to take each one that I could find as long as i was not chasing it. The all worked out! So this has me fired up for next week to continue the streak. On the downside the market slide hasn't help my options and many stocks are not getting the move I want to see. Below is just a few setups pointed out. Monday we will start right off again..

So I feel it comes down again tot he 60 Min time frame, it has played out for months now and we are again set up with an oversold condition. Yesterday Thursday I mention the good possibility or see the selling pick up some as the 60 got overbought and turned over. So after all was said and done the markets acted pretty normal and I would not jump on the bear bandwagon yet.
Monday should give us the additional info needed to feel better about the longs or start looking at some hedges. As of right now I am still looking for new highs into May

I outlined 6 Stocks that will be in focus early next week and those are detailed in the video, We still need the market to hold these levels and if we do these levels charted out could be some of the best entries seen in a long time. But that needs to be seen
Any news over the weekend can and will effect the markets I feel that is the real danger. If the world is drama free this weekend then I would expect a rare Monday rally.
Here is the Video Watch List for Members
The watch list will be updated with anything new during the week that sets up and alerts will be sent out.
DayTraderRockStar |