With the coming new year, I see the first 3 months of trading as risky and it is best to be prepared for any unforeseen profit taking activities by big funds.
So I narrowed my focus to as few items in my watch list as possible:
X is still moving, the target looks like the top of the wedge. On any pullbacks back to the black line, it is still a buy
The bonds yields are still on their way up, on any pullbacks it is still a buy. When stocks begin to sell off, yields should come back down....there is still plenty of time before the FED tightens rates
XOM is setting up for a huge move in either direction, the path with least resistance should win...
