kevinwalker - that's why in this market YOU MUST take partial profits along the way; if you have 20% gains, take some off the table because 20% or 30% gains can turn into 0% gains in a day or two.  This is not the kind of market where you buy and forget about it, unless you want to give a really wide stop.

The charts are ok so far, we've only retraced about 38% of the rally up, but a retracement below 50% then you have to ponder if this is still a large 4th wave correction with a 5th wave move down to new lows yet to come. The ideas on the Watch List are trade ideas only and they are only for aggressive traders.  Only play a few of them at a time, have stops in place, and take partial or 1/2 off the table on the initial move up because in this market anything can happen.

for example, QLD was up 12% yesterday, but now it's down -0.9% if you didn't take any off the table.  DIG was up 20% yesterday, but now it's only up 8.6% if you didn't take any off the table before today.  UYM was up 14% yesterday, but now it's down -1.9% if you didn't take any off the table...you see what I mean, take partial profits in this market, especially on the initial moves.