Tech continues to be unstoppable – rising for a sixth straight day.  

You’d probably expect that there’d be more tech stocks on the list, but I’ve had to take so much of them off the list because they have gone straight parabolic over the past week. Many of which have seen gains of over 20%. 

Is it absurd? No, it’s beyond absurd, but I don’t make the rules, the market does with the help of the Fed money printers of course, but outside of big tech and a handful of other momentum plays, nothing else is rising with this market. In fact two out of ever three stocks finished lower today – that’s not the sign of a healthy market whatsoever. Bearish divergences are everywhere, and there are actually opportunities to make money shorting the market right now in individual names, but there is so much influence and power concentrated in AMZN, AAPL, MSFT, FB and GOOGL/GOOG that as long as everyone continues to pour their money into those stocks, the major indices will keep rising, regardless of what the rest of the market does. 

Below are the stocks that I am currently watching this week – keep in mind that I am targeting those stocks that are actually providing a possible risk/reward setup that I can work with. 

Here’s my watch-list of long setups I am following:

bullish watch list 5 11

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