This Weeks Watch list 

I have to tell you there are a lot of great channels that have appeared in the market this week. The stocks have pulled back into lower levels of these channels and the combining daily oversold stochastics add a lot of credence to an upside move. The first part of the video really discusses how the daily pattern is a text book rising wedge pattern but the recent pullback has set us up into a very bullish flag on the underlying rising trend line. If this wedge plays out to the down side. ( and i am not totally convinced of that) Then we could first see a nice move higher out of this flag and then a failure to make new highs and roll over breaking the underlying trend line. Really hard to say I am happy with the recent pull back yesterday (Thursday) as the market gave us that scenario on a tray. The 60 min got oversold and that worked line a charm also. Now the recent trade has been lacking in any additional selling pressure. Making a bounce early next week highly likely. 

You will see a tremendous amount of perfect channels in this week's watch list almost to many or to easy...

I am still cautious but will take a few of these trades long. 

On the short side I want to have a few shorts on in case we get the pattern to fail but if it looks to strong i will cut and run. I am still overweight on the long side and feel the upside carrying through to early next week.

The Beard Trade is great this week I actually like 2 but made the decision in the last moment and the targets are posted in the HPS site. I might also include V and make it a dual one. I will decide Monday Morning.

The first part of the Video is 19:51 long its a review of the overall markets and trades. the Members video is attached to the end of that video so you can get to the HPS at 19:51 of the video if you want to save time. 

I think this video is loaded with great trades, I hope it does not seem to long. It is not helpful to have to many setups to pick from it just confuses things that why I like to point out the Best Bets of the Week. 

I might have stated the watchlist is for week of July 21st disregard I am always trading in the future. :-)

This Week's Watch List

Looking forward to Monday

DTRS

Johnny