Just want to say have a great one... This weeks video contains 2 parts first a Market Radar and review of what we traded this week and the second part a great watch list for next week. Things have been going great with the research and trades each week and each week I feel more motivated and dedicated to continue to find only worthy stocks ( a reference to Wayne's World). This week we have broken the 14k level like it didn't even matter. The truth is it doesn't. The markets are definitely acting like a very strong bull market. The reason behind this it seems to be the prospects of a continuing recovery and a very well orchestrated plan by the Fed. That could be defined as "We will do anything and everything in our power to stimulate the economy when needed" How do you fight that? A change to the interest rate policy seen down the road is a good view in my opinion on how long this market can grind higher. We have seen a standard pull back in the form of flags through out the last 2 years. As you can see now we are clearly extended and most likely overdue for a another pull back flag. But the stochastics might tell a different story.

The coiled stochastics rising and falling both show the extended move in the the direction of the coil. These patterns are extreme in nature as they show great strength as we are seeing now but when the time comes the pull back from the rising wedge is usually more violent in nature but this is definitely hard to time in a bull market. I will continue to ride the wave but watch for any signs of a Tsunami.

I also wanted to point out the potential for a Lane Divergence on the SPX and RUT (Russel2k)

So this becomes an interesting week with some things to watch for. As I mention in this weeks video today's action is something I have seen a lot in this market the very strong holiday shortened trade and this usually carries over till Monday for for me I would like to take the Beard Trade off for a profit early in the week and also take advantage of any early strength to sell into. 

This Week Video is here

I have a nice breakdown first part review and @ 14:52 I star the HPS watch list if you want to skip the market radar

I show a great new Lane Divergence that i will be taking and its another cheapie.

I go over 5-6 great flags in this market and of course the best bets for the week including the Beard Trade.

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Have a Happy 4th of July

DayTraderRockStar