Let’s start off by saying the HPS watch list is out early this week as I will be on the road tomorrow heading down to see RPM. The S&P had a nice sell-off midday and is in the process of bouncing now, The million dollar question of course is will the dip buyers come in fast or wait till next week..or god forbid we have an another down week. Today I initiated another Spy call trade as the market sold off hard. The reasoning is on the chart below, we had a great lower trend line lining up with another rising trend line making and HPS setup at this level. so picked up the JULY 21 17 242.00 Calls for 1.88. (These alerts go out to member of DTR)
back to the watch list. There are 2 video’s today. An HPS watch list and a review of last weeks watch list that in my opinion could be used as a guidebook for HPS playbook trades. They worked out perfect and in most cases we took profits. Now going forward those stocks continue to be the ones to watch for futher upside. remeber most of these patterns traded last week were the Lane Divergence and the others were all trend line stochastic combos
I will be visiting RPM for Monday’s half-day, but we might even get on the air Sunday night..
Also, want to thank everyone for their patience this week with the issue with the Tradeometer. Thank you, Reza and Paul, for getting back up and running fast.
Happy Fourth of July everyone
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