Ho Ho Ho What a week.. and HPS watchlist is out for next week Stocks are ripping as a I write. Today was spent taking a lot of profits off the table, but not because I think this move is done, but more because the move was so fast and big. This market will be here next week and the following weeks and months and the set ups will continue to repeat. We just need to let them set up again. But I do have a full list that continues to show great signs of moving higher and these are gone over in detail on this week's watch list. I won't go over what happened this week in the market I will just repost last weeks comments heading into this week. From Last week "Well we went out on the lows, But I definitely want to go on the record and say this will be seen as a great opportunity going into the week of Christmas. The pullback could be considered a Christmas present but timing will mean everything. I am expecting the main move to come closer to Christmas and the early part of next week could still be volatile and weak. The chart below shows last years pullback before Christmas and also shows the type of candle that really pointed to a extended rally. In each of the pull back the reversals came on a big reversal candle.I will be looking for this.also. Last Year the week before Christmas This Year leading into Christmas and the first time in 3 months we are back oversold on the daily stochastics. This combined with the 60 Min time frame oversold makes it a multiple time frame buy signal. So this signal alone is something that is needs to be watched and being right before Christmas..Well like a said seems like a gift. I will be watching for a large rage candle to Hammer out the bottom. This Years 60 Min Chart Now I will update these charts and say that I am looking for more upside. 60 Min Chart now and see how the stochastics are extremely embedded This move was so perfect I look back and retrace and revist my emotions leading up to the move. Lots of stocks moved down through tight stop areas and the overwhelming oil news was over hanging the market made the ride a nerve racking one. I can absolutely say lightening up on my shares was the key for me even though stocks moved and broke down through some patterns I was able to add to the apparent opportunity and put myself in a great position for a bounce. WYNN was one of these stocks I added to and others also. I did take a lot off the table on Friday , but also added to some positions that continue to look great. This week's watch list has some new stocks and some old ones, but most of all they are all great and last weeks best bet was great and continues to be set up for next week
$GIS is now $53.12.Price Target Hit Great HPS Trade from watchlist. https://www.tradingview.com/v/BHUdo3wV/