This week's HPS watch list has been uploaded to site
posted by daytraderockstar
Jun 10, 2012 10:13 pm
Sorry for the delay this weekend. But the delay actually was a blessing in disguise. S&P futures opened up very strong tonight (Sunday) and point to a pretty significant gap up tomorrow. This will most likely effect a lot of the stocks on the watch list so this week's video was altered a bit to take that into effect, Listing my very bullish stocks (stocks that should break out to 52 week highs and some all time highs. and listing the HPS multiple indicators stocks that will be taken but to be analyzed closer to see if we have a better opportunity on a pull back. Gaps could lead to selling all day and knowing the markets will be here the next day we have to practice more caution and let things set up properly or get frustrated holding during the grind.
Yet on the other side of the coin what if this market rips all day, Well it will be easy to see the relative weak stocks to note and trade on a fast time frame like the 15 minute. This will give us the best opportunities in a strong trend. The key is what stocks to focus on. QCOM and VMW are 2 of my top along with the other HPS set ups for this week listed on site. Look forward to a great day tomorrow.
You can view Video here http://daytradingradio.com/10for1000
and HPS site http://hps.daytradingradio.com/
Snapshot of S&P futures tonight