I am going to get right to the point. This weeks watchlist has one of the best setups I have come across in months. Each week we are taking apart this market with great HPS Charts and it's been a great year as we head into the summer months. The S&P 60 min rotation has been unstoppable for short term trends and entries. To have this momentum at your back makes things so much easier.. as you can see from the chart below.

Let me remind you that this are short term swing trades or scalps. In a perfect scenario I am looking to hold these positions 1-5 days. There will be cases like last the last couple weeks that had some positions  chop around sideways but that is ok the HPS zones are showing the levels of interest and we are seeing the stocks react to them.

Now if we look back at the chart you will see that 60 min time frame is again overbought. The question here is do we again rotate back down  or if you look closer you can see the stochastic lines start to embed up against the 90 area. This is usually a bullish indicator and We could see higher levels.

.. and higher levels means new highs in the market...

But that doesn't matter really cause this week's best bet is a great one. I will be taking a bigger position Monday most likely and I see a great opportunity to make some real good cash. 

The Video is shorter this week as I decided to streamline the setups  and starting next week I want to put out individual videos approximately 5 min each so You can pick and choose which position you would like to study and not have to deal with the review of other stocks that are not Pure HPS quality. 

Now back to the best bet you will find most of the info on this set up about 26:20 into the video and it has the follow up top 5 of the week. 

Excited about this one and can't wait to enjoy the profits

The members Watch List can be viewed here http://daytradingradio.com//10for1000

Last weeks Best bet

This next setup was a great Lane Divergence in WY and I am sharing 30% of the profits to Member   XTADD 

"Chart Bounty" is a program where DTR members search for stocks that have the best probability of profiting in the shortest amount of time. These are called Bounty Stocks and based off the HPS methodology. The Chart Hunters receive a monetary bounty from myself 30% of profits if I take the trade based on their chart.  I have narrowed the entry criteria to "lane Divergences" so please submit just those that qualify

another great lane Divergence that we traded for your reference

We had another  Chart Bounty's winner also but I lost the message that contained the email address as my chat closed unexpectedly. Please email me it again at ironaction@yahoo.com. Sorry for the delay its been a busy week. I will be sending those Bounties out Monday morning.

oh Yeah Happy Mothers Day to all have a wonderful day and see you Monday Morning..

DayTraderRockStar