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Stock #Market Recap 09/18/14 {Video}

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.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

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Hey, REITs: Step Into My Office


Youah Fiyahd! 

I am aggressively short the REITs here, inside 12631, playing for the rate-sensitive commercial real estate stocks to come in further.

Note the rising wedge (blue lines) breakdown on the weekly chart, below.

Stay tuned for my video market recap after the bell.



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Fast Underwater


Rite Aid is a good example of how a steep, long-term trend can break very quickly. It is a useful lesson given how many steep trends we still have, including major indices, in this one-way market.

Nonetheless, the other side of the mountain is often fast and furious, as seen on the multi-year chart below.

Note how Rite Aid is now below its prior 2007 highs, putting the recent breakout in jeopardy. To be sure, most the gains over the past two years are still intact. But not for those who bought the breakout or recent highs–They are fast underwater.

The take-home message is to pay extra attention to long-term charts for the rest of the year.



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The Good and the Bad Before BABA


In front of the BABA IPO, BIDU is most impressive, while YY is breaking down.

CMGE is strong today, too, a name I mentioned last night.

What’s your favorite BABA pin action play, if any?





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Five Stocks with Old School Sass Today


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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Waiting for a Lift


I am still keying off the $115.50 level on the IWM, small cap ETF, seen first below on the 30-minute timeframe. We have been observing this level for a while now, and you can can the horizontal blue line extending back indicates how important this level was.

I will wait for a lift over this level before seeking to put on other longs.

And as far as the Russia ETF, second chart below on the daily timeframe, even though I got shaken out from my short a few days ago, plenty of our members in 12631 are still holding RUSS and playing for a Russia breakdown.





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