Market Update for August 13,2013 and New High Probability Setups

[daytradingradio 10]

Well here I am again, Not even one day into the week and I am bringing some setups. I know for a fact that throughout my trading career I always performed better when I researched the night before. It's true, well for me it is. I always feel more confident and it seems like every move was planned, There is no chasing trades, or rushing into stuff. The research the night really slows down things and lets me make better decisions. Just passing it on....

 

So tonight started out trying to go back and find all my archived images of charts and find the best examples of the 200 ema breakdown / lower channel bounce. As that will be the nest HPS Playbook Video I want to get out. But I got sidetracked by the possibilities that will be presented tomorrow in the markets. I compiled a nice set of stocks for tomorrow focus with the notes or comments on chart.

 

 

Chart 1 Image Larger View

http://daytradingradio.com/include/data/files/2013/08/12/ibm-dailykat081313.png?f

 

 

Chart 2

http://daytradingradio.com/include/data/files/2013/08/12/hsh-dailypiercing-pattern081313.png?f

 

Chart 3

http://daytradingradio.com/include/data/files/2013/08/12/dyn-dailyperfectchannel081313.png?f

 

 

Chart 4

http://daytradingradio.com/include/data/files/2013/08/12/dlb-dailyprediction081313.png?f

 

 

Chart 5

http://daytradingradio.com/include/data/files/2013/08/12/cvx-dailyreversal-candle081313.png?f

[daytradingradio 10]

First have a great 3 day weekend. Now let's just say that over the weekend nothing happens in regards to Syria. This could mean a lot of different things. Main thing is the possibility of some new info from the UN inspectors. But again for argument sake lets say nothing happens at all. Tuesday markets get a little relief to the upside. But we are still being held hostage by the news and I for one, can only guess on how this could turn out.

 

September has a shadow hanging over it, Historically it is one of if not the worst performing month since the 1960's. And now we have the tapering debate that should play out this month and debt issues that will be brought back into the media's eye so they can pound this story down our throats and of course Syria. Believe it or not even with all these events I am expecting once last move up. To new highs? or just the last bounce before a rollover. I think we will see that in the indicators when that time comes. Next week is short and full of all sorts of news events (Syria, Jobs Report etc) I will be focused on the nice list of stocks on the watch list this week and unless we get embedded on the 60 min time frame I will still watch those stochastics for a general bias. As a added Bonus this week's Kick Ass Trade will be LTD.

 

Chart 1 Larger View

http://daytradingradio.com/include/data/files/2013/08/30/chdkickasstrade.png?f

 

Chart2

http://daytradingradio.com/include/data/files/2013/08/30/$spx-sixty-minutes090313.png?f

 

Have Great Weekend

 

DTRS