Hi, traders. In part one, I take a quick look at the overall technical picture (quick because earnings this week will likely make technicals unimportant). I also look at the big-cap growth leaders and how they have acted recently - most have behaved well after having big moves up and that bodes well overall for the market. Just like last week, if we break through the short-term moving averages on heavier volume, I would watch out, but until it happens, you have to stay long.
In part two, I go over some bullish setups that you should watch this week. Hopefully you were able to catch NOR from last week - up 20% in the last three days. Right now, I am not going to be very aggressive on the long side due to the earnings season starting, but if a setup is there that I really like, I will consider taking it. I am long IDSA as of now.
Hope you find the videos helpful and informative. As always, feel free to email me with questions or comments - I enjoy hearing from my readers. Have a great weekend and good luck next week.
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