This week's watch list focuses the weekly time frame. After 8 hours of scanning today the one the thing I noticed is how many quality names are now just getting oversold on the weekly time frame. Names like COST, HD, DIS, IBM, KO, MCD, PFE VZ and so many more. This is by no means that we bounce hard next week but This is one of the best time frames to have on your side when taking a trade with a longer time perspective.
So with this watch list we have 3+ best bets and I am currently in these but we have most of these still setting up on the daily time frame.Another thing with this list of stocks and the quality of them. Most of the names are components to one of the 3 major indexes and with a potential multi- week run about to begin this could really propel the markets to new highs.
Be sure to watch the part one Market Radar also that was sent out to members earlier today around 12 noon to give you a early idea on what will be in play next week.
