Latest Titanic Readings in Case of Iceberg

Here are some actionable short ideas on this list, especially if the market sees another day of weakness.

Courtesy of The PPT algorithm, here are some very aggressive ideas for short trades headed into Friday If you are not comfortable shorting (especially in a bull market), there is nothing wrong with taking a pass. Keep those cover-stops in place.

Nonetheless, a good chunk of readers are always looking for short ideas.

Members of The PPT can click here to view and save this “Titanic” Screen, as I named it when I created it a few years back. The screen isolates stocks vulnerable to further weakness.

Please click on image to enlarge 

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Let’s keep my SBUX short on watch for further downside from the highlighted head and shoulders potential top on the daily chart, below.

And on the long side, keep an eye on the likes of BKS MBLY for further strength.

Drop me your top tickers overnight.

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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

I went short more of the horrific, burnt drip coffee served at Starbucks just now at $76.77 adding to my core entry of $77.29.

With a declining 200-day moving average in my favor, I am pressing for an imminent breakdown, not unlike the one we caught in WYNN over the past week.

What are you trading this final hour?

Be sure to stick around after the bell for my video market recap.

https://www.youtube.com/watch?v=aOvyymFaFs4

While the China and emerging market ETF’s are breaking to the upside today, the likes of SOHU SINA are selling off. In addition, Australian-based massive global materials miner BHP is breaking down in a nasty way. Thus, as we settle into our usual afternoon grind it is tough to make much of the many curves the market is throwing our way.

I continue to refer to the small caps in the Russell 2000 Index, in terms of gauging the market’s next meaningful move.

I had previously said that 1,180 was about as far as I think the rally could go before bears would no longer be able to claim a potential topping pattern is still in play for all of 2014, with 1,082 being the breakdown trigger below.

That continues to be the case today, with this morning’s strength stopped around that 1,180 area.

The small cap ETF, for what it is worth, also seemed to have had a “flashy” print earlier today.

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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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