After witnessing the immediate market sell-off this morning once the market opened up, one thing is becoming readily apparent and that is the bounces are getting weaker and weaker. 

October, we had a month long bounce that was one for the ages. In December we had another two week rally that saw one of the biggest two-day bounces ever. But now in January, we have one bounce that lasts two days before getting pummeled and Friday’s bounce saw zero follow through to the upside.

Maybe that changes before the end of the day, but it isn’t looking good right now. 

Below you have my bullish list of trade setup for the week and as it currently stands there are plenty of alluring trade setups, however, the market needs to support any long setups we get into, otherwise, we would be trading against a bad tape, and that is just simply unacceptable. 

So for now, keep this list handy and be ready to pounce on the trade setups when the market opportunity arises. 

Here’s the bullish trade setups:

bullish watch-list 1-20-14 

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