Next week's Market is set up to move Higher here is why

November 2015 New Watchlist for next week has been updated. It's a good one. daytraderockstar post posted by daytraderockstar Nov 27, 2015 6:38 pm

This week's watch list continues with the great HPS charts. November is about to end and we will begin the most bullish month of the year historically. The S&P has been in a tight consolidation for the past 7 days. This sets us up for a move next week. We have a lot of reasons to believe this market is heading higher and to all time new highs. Lets look at the Pro's and Con's

Consolidation last 7 days

PRO'S

The Market has taken everything that has been through at it on the negative side and continues to hold together.

• Recent under performing earning season

• Recent French Terror Attacks

• Recent Russian Bomber being shot down by Turkey and subsequent sanctions by Russia and now Russia deploying a defence missile system on the boarder of Syria well within range of Turkey.

• We are entering historically the best month of the year and one more interesting stat is that after the market had basically underperformed for the year the following year has had huge upside.

Here are some charts

These are considered Pro's just because the market has seemed to have priced in these events and held strong.

As you know I follow a few important oscillator and those signals has been spot on when predicting a market move be it up or down. So ask yourself is there more going on here then meets the eye.

CON'S

Some of our important oscillators are approaching overbought levels (Daily Stochastics)

The 60 Min time frame is starting to roll over but this is actually showing up as a Positive Price Divergence sideway price action as the momentum drops

The potential for for market moving news is at its greatest level.

I still haven't pull the trigger on Hedges I hope that doesn't come back and bite me on Monday, But I have my finger on the trigger. Looking at Spy (Puts)

Overall the market looks great, I think there is a great chance of taking out all time highs soon, but we most not be over confident and stick to a well defined plan and that's what we have for next week.

Here is the HPS watchlist for Members

I been focused on Options a lot lately but as you can see you can get a great return from a very small position with very little downside risk

SLD 2 CVS Dec1815 93 CALL 3.04 USD NASDAQOM 09:58:04 1.00 +221.42

SLD 100 DSW @ 24.03 + 1.23

SLD 2 DE Nov2715 76.5 CALL 3.40 USD GEMINI 09:31:42 0.80 +246.01

SLD 1 WYNN Dec1815 60 CALL 5.23 USD NASDAQOM 15:03:23 0.80 +176.41

SLD 3 CVS Nov2715 92 CALL 0.80 USD BOX + 1 12:57:48 2.19 +45.90

SLD 2 CVS Nov2715 92 CALL 0.91 USD ISE + 1 13:26:56 0.99 +53.07

SLD 1 DRI Dec1815 55 CALL 2.60 USD GEMINI 13:14:11 0.35 + 77.01 Holding 3 Calls 57s

SLD 2 DRI Dec1815 55 CALL 2.65 USD PSE + 1 10:19:51 0.10 + 164.61 Holding more 55s and 57s

Next week should be exciting See you Monday Morning

I discuss most of these trades live on the show each day and if you think its worth $1.60 a day then please join up to get all the benefits and research and alerts, real time and commercial free HD broadcast

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Submitted November 27, 2015 at 06:47PM by daytraderrockstar http://ift.tt/1Tceq9W