Five Stocks to Get You Over the Midday Gump

Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.

I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.

Members can click here to view and save the screen.

Sorted for at least 500,000 shares of daily average volume to ensure liquidity.

Please click on image to enlarge.

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While the recent surge in mega caps in the Dow Jones Industrial Average has received tons of hype, it is still worth keeping tabs on the small caps in the Russell, one of the true leaders of the bull in recent quarters.

On the ETF’s daily chart, below, note the initial rejection from the 20-day moving average. It is tough to glean too much from this chart, currently, other than to say it is still broadly in consolidation/chop mode and indeed has been throughout this year. If bears can actually follow-through lower the rest of this week, then they would have something to work with.

For now, the main takeaway is that the small caps are generally lagging the S&P at new highs.

Elsewhere, bonds are seeing more weakness after a recent breakout attempt failed. Metals and miners remain sluggish and in search of a major higher low. And corn is the star of the soft commodity show.

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The never-say-die bulls are at it again, printing marginal new all-time highs on the S&P 500 Index as stubborn bears are squeezed.

I am still very heavy cash, but open to another round of setups triggering if bulls are going to blow this thing completely open to the upside.

Skullcandy is stil on the radar as a long idea, as it sets up with a $9.50 initial trigger.

Ford is bouncing hard again off $15 support, while beaten-down medical/biotech names like ISRG PCYC receive a strong bid.

What are you trading this morning?

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Here is a freebie from The PPT Seasonality feature, which offers jaw-dropping statistics at times.

I found a stock that has been up 100% of the time in the month of April, with 16 data points to boot. Beyond that, the average return for this stock in the month of April is north of 17%.

Included in The PPT is not only a seasonal breakdown of how each ticker symbol performs in each month of the year, but also a detailed month-by-month breakdown. As an example, the stock which I referred to above is the biotechnology firm, Medivation. Of course, no trend lasts forever. But this one has been as dominant as any in the month of April.

Here is MDVN‘s seasonal breakdown:

For you night owls out there, here is an update to this blog post about long-term investment idea Kellogg.

The monthly chart is textbook bullish, provided that $60 continues to hold on a monthly closing basis.

Which consumer staples stocks do you favor here, if at all?

Speak your mind, night owls.

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I am still looking at the tightly-flagging STAA as one of the more viable long setups out there, with a move up through $19 representing a trigger.

On the short side, keep an eye on AXP CAB SBUX for weakness.

Drop me your top tickers overnight.

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