In-N-Out the Rest of the Week

I am 90% cash here, in large part due to the fact that I will be in and out the rest of this week but also because of the violent indecision we have seen in the tape.

I am long APT and WEAT, both nice winning positions here.

Drop me your top ideas and analysis of the action this morning.

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

In addition, please see the top of this video for details about attending our iBC Investors Conference this November.

Enjoy tonight’s video, and enjoy your evening. 

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Equities are staging a shape upside reversal this afternoon, but it remains to be seen if it is another false pop or a durable bottom.

I am have my eye on the exits with my shorts, but want to see a bit more action before deciding.

In the meantime, gold and gold miners are reversing sharply higher again. Let’s see if they can finally offer a tradable low.

And corn has been most impressive of late. Check out the snapback rally, below.

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I took partial profits in another Ebola winner for us inside 12631, this time being APT.

Much like LAKE, APT also deals with protective gear and clothing regarding Ebola.

We have been trading these Ebola plays quite well inside 12631, a nice complement to our shorts and inter-market trades.

I am also stalking a reentry in TKMR is it can hold the 20-day moving average on this upside reversal.

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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Here is a 30-minute chart look for the small cap ETF, below, down a well-defined channel.

Buyers are giving it a go as we speak, but bounces have not been too impressive.

Keep an eye on that channel this afternoon.

Drop me your top afternoon tickers.

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