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The 12631 Trading Service is wrapping up an excellent first half of 2014, as our selectively aggressive style has come to fruition in a rocky trading environment since January. We have not only been able to ride the winning momentum rotations, including the soft commodities in the winter months, as well as select shorts in the late-winter/early-spring months, but we also stayed true to our core philosophy of religiously cutting small losses and not allowing them to metastasize into devastating blows to portfolio capital bases. Recently, we have had tremendous success playing beaten-down stocks for quick bounce plays on the long side, as well as a quick foray into the precious metals miners.

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Have a great weekend!

On the back of the GPRO IPO rally, keep an eye on recent IPO duds which may be ready for a holiday week bounce next week.

Potbelly is one candidate, a bonafide loser through and through since its IPO.

On the daily chart, zoomed-out to IPO, below, the stock may be carving out a base bottom. I would keep this on watch for a move over $16 next week to offer up a quick long flip.

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CPFL Energia S.A. (CPL), the Brazilian utility firm with a big yield which I have previously discussed as a long-term investment idea, continues to impress as it threatens to put in another major higher low. After such a steep downtrend for years on end, we are now looking for higher lows to cement a major upside reversal.

You are talking about a major utility of a growing country, in Brazil, set to host the FIFA World Cup in 2014 and the Olympics in the summer of 2016. The 5%-plus yield is also attractive, as is the lower beta compared to your standard emerging market plays.

At this point, I would be looking at a move up through $18.70 as a spot to add to a core position.

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A nice overnight spike in the wake of the GPRO leaves us with a stock attracting momentum players in an otherwise quiet tape today.

Updating the shorter-term timeframe, below, $38, $39, then $40.20 are some upside triggers to note if you want another quick scalp.

For swingers, I tend to wait several months after an IPO for the chart to develop an ebb-and-flow with legitimate price memory.

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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 I would prefer to see the junior gold miners leading, the seniors are outperforming again today, as they have a few times this week

Overall. the miners are consolidated their recent rallies.

But at the moment I have NUGT higher up on my long list than JNUG.