Five Stocks You’ll Want to Grub for Lunch

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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To my eye, JBLU LUV SAVE are the three best setups in the space right now, seen on their tightly-basing daily charts below. Now we need to see breakout strength.

Remember, no trigger no trade, as the broad indices are fading right now.

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It may seem foolish to sell a winner only to see it go on and continue much higher. However, if you are a trader then Apple is a good example of why to often pays to sell into immediate strength and patently wait for your next entry.

Recall around Thanksgiving that we looked at the five-point symmetrical triangle daily chart breakout for AAPL, playing it long inside the 12631 Trading Service.

We played the stock well and harvested gains on December 5th.

Since then, the stock has done a whole lot of nothing, largely consolidating that breakout and weakening today.

While 2013 was a year which rewarded bulls pushing the envelope, when the tide eventually turns this type of simple concept–Being disciplined to sell into strength and reevaluate–will be beneficial.

What are you trading this morning?

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I mentioned several long ideas on my video market recap for Thursday.

So, here are two short ideas: COST ED.

Costco is finally starting to correct after an abnormally steep multi-year bull run. And ConEd is in grave danger of breaking down from a well-defined topping pattern.

What’s on your watchlist this morning?

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Courtesy of The PPT algorithm, here is a list of stocks from my custom made “12631 Solar Accumulation” screen, designed to isolate stocks which the algorithm deems to be under heavy institutional buying, or “Accumulation.”

You can see, on a scale of 1-5, the Acc. Dist. Score highlighted in red, with 5 being the best and indicating most accumulation.

If the solar sector is truly commencing another leg higher here then this a handy screen to have in your arsenal.

Members can click here to view and save the screen.

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As a follow-up to my work on Monday regarding the strength in precious metals and miners, here is an updated weekly chart for one of the silver miners, AG. See my notes below.

For reference, the RSI is simply the “Relative Strength Index” used to identify changes in technical momentum. Above 50 is generally considered a bullish RSI, with above 70 viewed as overbought. Trending below 50 is considered a bearish RSI pattern, with below 30 considered oversold.

Drop me your top tickers overnight.

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