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FREE Live HPS Watch List for Week of Dec 12th. Big Events #CPI, $FOMC
With 2 large economic events next week, we will focus on the names we want to get in on a pullback. Personally, I am 60%-%40 on a sell off after the CPI numbers. If we get a bounce, then I would short the top trend line pointed out in the video. Cheap stocks and low float poppers are giving great returns and I think we have another winner setting up in $CMMB. Overall, a decent week but expect some big moves early next week. I am learning towards a gap down Monday morning. Extreme Downside target early next week I will be watching for 3860-3850 area for a tradeable long. Divergences will be taken off quicker in a down market.
In case of a weak CPI number and possible signal to Fed to slow its roll. 4000 to the upside is definitely doable
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