A full week ago, on Wednesday, November 17, I made this video, seen below, for members of the 12631 Trading Group. Essentially, I used The PPT algorithm in order to gauge which area of the market was going to offer the best returns over the next few weeks. Without question, the algo pointed me towards a bevy of retail/consumer discretionary names with massive short positions, but also with healthy charts despite the over 4% correction the market had seen from November 9-17. Even with the broad market weakness that we saw on Monday and Tuesday of this week, 12631 members have been absolutely crushing the retail trade, playing everything from BONT, to OPEN, to LULU.
This video is a pretty good example of the type of work that RaginCajun and I perform as part of our stated goal to extrapolate on The PPT algorithm for our 12631 members, in addition to doing our own independent work.
Have an enjoyable Thanksgiving everyone, and I hope to see you inside the “Pelican Chat Room” shortly, as Ragin and I continue to build a winning atmosphere full of traders executing with precision and discipline.
NOTE: The video only cuts me off one or two seconds at the end, so no material information is left out.
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[youtube:http://www.youtube.com/watch?v=I-vIJZoBpqg 450 300]r
