The markets are now pushing a level that traders will start revisiting the notion that we might not get back to the Aug 24th lows and actually crawl higher. Short term I have a bullish bias in the markets this mostly come from weighing the negative sentiment in the markets against the price action. The markets are showing staying power and it's starting to feel like Bad News Good news is back on the plate. I go into the patterns in this video that have recently been on our HPS list and go into detail on deciphering the latest signals from our oscillators for the market radar.

View the new HPS video/ Market Radar here  

The 2nd part of the Video reviews next week's set ups and remember there are more individual focused video's on the HPS 

Markets closed strong today (Friday barring no bad news we should continue further next week.

The S&P 500 closed up 9 (+0.46%) at 2033, the Dow closed up 74 (+0.43%) at 17216, and the Nasdaq closed up 17 (+0.34%) at 4887. Action came on slightly below average volume (NYSE 939 mln vs. avg. of 979; NASDAQ 1675 mln vs. avg. of 1832), with mixed advancers/decliners (NYSE 1864/1292, NASDAQ 1359/1440) and new highs outpacing new lows (NYSE 63/25, NASDAQ 57/30).

Relative Strength: 
Egypt-EGPT +3.65%, Heating Oil-UHN +3.19%, Social Media-SOCL +1.97%, Gasoline-UGA +1.74%, India-INP +1.59%, Pharmaceuticals-PPH +1.55%, Platinum-PPLT +1.19%, Hong Kong-EWH +0.92%, Columbia Index-GXG +0.66%, Chile-ECH +0.65%.

Relative Weakness: 
Coffee-JO -5.71%, Junior Gold Miners-GDXJ -3.43%, Oil Services-OIH -2.97%, Rare Earths-REMX -2.68%, Metals and Mining-XME -2.61%, Brazilian Real-BZF -1.29%, Russia-RSX -1.24%, Turkey-TUR -1.12%, Malaysia-EWM -1.07%, Peru-EPU -0.88%.

DayTraderRockStar