Long Trading Ideas

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.

 I like the following long ideas only on further strength this week. I recommend that you keep protective stop-losses on all trades, not much looser than 7-8% from where you initially buy. Also, please be sure to check earnings dates for any and all of your holdings. 

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1. IBKR 
2. JD
3. PCLN 
4. TSLA 
5. UA

Please click here to continue reading

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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On strength, recent IPO ZEN is a high, tight bull flag breakout candidate. I would keep a stop-loss below $24.40 if you take the trade.

And on the short side, keep an eye on the major casinos for rollovers.

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

In light of the BKW for THI buyout, keep an eye on the following names for takeover targets in the food/coffee/restaurant space:

1. BBRG 
2. BDBD
3. CHUY 
4. CQB
5. DMND
6. DNKN 
7. FRGI 
8. HAIN
9. RRGB
10. WWAV 

Kitchen sink, eh?

Well, in that case, pay attention to the merits of the chart on a standalone basis and ask yourself: “But-for the buyout potential, would I still buy this chart?” It is a game of inches, after all, where anyone can get bought out at any time.

The best names on that list ate still FRGI WWAV right now, technically.

More after the bell on my video market recap.

After tagging the big, round, psychological 2,000 level on the S&P 500 Index this morning (actually 2001.95), stocks are drifting again into the final hour of trading. We have seen this quite a bit, as you might expect during summer trading. In fact, plenty of gains have occurred overnight via gaps in the futures market.

I am sure it seems a bit “too cute” for the market to top out at 2,000. But, then again, it was also too obvious for us to bottom out in 2009 down at 666.

Either way, breakout plays like FB PCLN TWTR UA are not in much of a hurry to go anywhere today–Perhaps this is the pause before the move. And GOOG is faltering here.

The CLVS biotech idea from last night, though, is working well.

Also keep an eye on the semiconductors putting in a bearish engulfing candle at prior highs, today.

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