• bullish watch-list 11-23-15

The bulls aren’t coming out of the gates ‘guns-a-blazin’ to start the week, however, while the week is short, it is also still young. 

Thanksgiving week, minus 2011, has always been one of my favorite weeks of trading to be long in. Historically, it is a very bullish week as well. So, considering the rally the market has been on coming into the week, and the favorable technicals that it is sporting, combined with the historical bullishness of the market, I would say, at this point of time, I am more comfortable being bullish on this market than bearish. As a result, I am currently about 70% long on this market with 30% still in cash. My portfolio and that of Splash Zone members is looking pretty solid, and while I may add another position or two to the portfolio during the next couple of days, I like what I already have and am working with. 

The list below represents my favorite setups in the market at this given point in time. Granted not all of them will hold up, some will retreat, while others will do great – that is the nature of the market. It is our job to manage the losing trades so that their impact is negligible, while the winning trades are maximized to the greatest extent possible. 

Here are the long setups I am watching this week:

bullish watch-list 11-23-15

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