As we closed out Friday I could only watch the market squeeze higher and feel the emotions of a late nineties market, Where you could buy every dip and not even think twice on it. So the ONLY reason I would attempt a short up here is that I love shorting into strength and it is impossible to catch the top unless you pull up your britches and take a shot. I will mention the slight possibility of a divergence setting up on the daily but this is still not confirmed and a very hard call to make.

The 60 Minute is also pushing the limits to the upside

But that in no way can predict a pullback and the way the market has been acting this rally from mid Feb has more legs to it. I did add to my puts just for my call for a pull back on Monday but I am not looking for much and other then KMB I am long and strong.

This weeks Watch list was very difficult to find obvious opportunities they been coming in on a daily basis, 

DIS

TSLA

CSX

CELG

BMY

CMG

FB

are just some of the recent winner

The SPY Puts have been crushed but the hedge represented about 35% of my longs so it was a a new win for the longs and the SPY puts remaining will not be added to until the next full rotation on the 60 Min stochastics. 

Here is an updated list of my Spy Put Hedges

MAR 30 15:11:36 BOT 2 SPY Apr08'16 206 PUT 1.22 USD MERCURY OptTrader

02:30:20 EXPIRED 7 SPY Mar31'16 203 PUT USD OCC

10:31:17 BOT 4 SPY Apr15'16 204.5 PUT 1.65 USD BOX OptTrader

10:46:43 BOT 1 SPY Apr15'16 204.5 PUT 1.41 USD BOX

14:54:20 BOT 2 SPY Apr08'16 206 PUT 0.99 USD CBOE OptTrader

The longs in focus and holding and also in this video

POT

MU

GILD

BBBY

KSS

JO

DIS

PFE

LLY

and more but remember this week was a hard list to put together, I think we deserve to sit back a couple days and let things reset. The markets are not going anywhere and if you want to stick to the razor sharp discipline that is required for success then there will be days best in watch mode. I think the first 2 days next week qualify for that.

This weeks watch List Video for members can be found here

DayTraderRockStar

First significant earnings are  Tuesday morning with DRI (Would be Long)

TUESDAY

The we have Wednesday:

MON in the morning and BBBY in the after the close.

Holding some BBBY will decide if I want to hold early next week

New Developments We now have the RAMBOT full functional on the Trader Dashboard.

This new Entry Signal Indicator is incredible and a awesome new tool for members who trade futures or just want to know short term market moves. I will be doing some Webinars next week to get you up to sped on how to use it

for now just listen each day and the alerts can be found here

All these features and watch list for members only.

Join the hundreds of traders working together for the common goal and  have all the research delivered daily and weekly to you  and many other great benefits.

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