Five Stocks Cleaning Up After the World Cup

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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The roid rage bull market is shooting higher again today, with even laggards from this morning like Tesla flipping from red to strongly green.

The next level to clear is $230.

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Stocks like FEYE SPLK, and especially TWTR, are attempting to put in higher lows now after several months of bouncing back a bit from their steep declines earlier this year.

These are controversial stocks for a variety of reasons, with strong opinions on both sides of the tape.

But a higher low in Twitter above the inverse head and shoulders bottom, still confirmed, would be a big step in the right direction for bulls.

I am looking to see price turn up from here, over $40, with $36 needing to hold below.

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This type of gapping action in the previous metals this morning is to be expected, even in a bottoming process. You can expect random, violent moves in both directions as the market is undergoing a stringent test to see where its next major move will be, especially considering the precious metals and miners have been trading largely sideways for over a year now.

Silver, in particular, offers the best context early this week to see if there is something more ominous about this gap down, or instead if it is simply another shakeout.

On the daily chart for the ETF, the first level to observe is this 20-day moving average, highlighted by the yellow arrows.

Fearless buyers should at least give it a go at defending this area, as we have seen from them in recent weeks as silver made an impressive move.

But, overall, these types of moves are the rule, not the exception, even during a major bottom. Roll with the punches and keep those stops in place, or be quick to lock in gains into the pops if you cannot stomach the swings.

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In the event we see heavily-shorted names squeeze again this week, here are some actionable long ideas.

Please click the screen shot below for a larger view of my “12631 FINISH HIM! SHORT KILLER SCREEN” inside The PPT. Obviously these stocks are going to have the highest percentage of shorts and, according to the algorithm, are set up well to squeeze further.

If this bull goes buck wild, this is a great idea screen.

Members can click here to view and save it.

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