These setups I have on watch for me this week I believe have huge potential in 2014. They are starting to make moves but I believe it's just the beginning. So, remember the key is to time the markets GREEN and RED zones with the GREEN and RED zones from the setups. If they are both entering their same colored zones at the same time then the probability of the setup working out is highest. Otherwise, market needs to be trending upwards to take entry of setups in the GREEN zones.
SHADED RED ZONES = Strong Sell Zones
MARKET OUTLOOK as of January 6, 2014
$SPY - the market could potentially bounce from here and head on up but will be met with some serious supply up ahead in the RED zone, may be a speed bump or may propel the market back down to the GREEN zone.
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| $SPY |
$QQQ - The Q's looks to bounce from the GREEN zone and start heading back up with the $SPY, but remember what I said about the RED zone above on the Nasdaq. The market will drop when it gets up there so beware.
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| $QQQ |
$ASTC - hit some major supply forcing it downward but i believe it will bounce from the demand zone shown as the GREEN zone below and then make a run back upwards.
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| $ASTC - BULLISH |
$ASTC UPDATE ===> 23% WINNER
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| $ASTC ==> WINNER |
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| $BWEN - BULLISH |
$BWEN UPDATE ===> 15% WINNER so far
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| $BWEN - WINNER |
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| $WLT - BULLISH |
$CBMX - I like this one as a longer term hold. I have outlined two targets of areas I think it would be wise to take profit. Some people calling for $5 targets.
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| $CBMX - BULLISH |
$CBMX UPDATE ===> 16% WINNER so far
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| $CBMX ==> WINNER |
$CECO - This ones begun to move so I will likely jump in some time on Monday around the $5.50's.
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| $CECO - BULLISH |
$CECO UPDATE ===> 15% WINNER so far
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| $CECO ==> WINNER |
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