[youtube:http://www.youtube.com/watch?v=22R5tPvp7aE 550 412]

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After starting April off with a nice buyout of SRX, 12631 members are celebrating another healthy premium buyout in SMOD this morning.

Timestamped message I sent inside 12631 to members yesterday….

“New Long: $SMOD @ $8.29 Stop Loss: Below $7.60 Full position. Also sold out of $UA in front of earnings tomorrow, in full @ $78.08 for a small gain. 12:08:36pm EST on Mon, Apr 25, 2011

Today’s news.

Congrats to 12631 members!

Also, a big hat tip to my friend @OptionRadar who has been all over SMOD.

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As traders, we often become frustrated after putting in the necessary work to identify high probability setups, only to see the market not accommodate us by following through and hitting our price triggers. Today was a pretty good example of that phenomenon, as there were quite a few enticing setups walking into this week. However, an exogenous event like the Standard & Poor’s downgrade threw a wet blanket on those setups, at least for today.

Looking over how many of those setups fared, I think you will find that the selling was not quite as damaging as it seemed this morning. Indeed, most of those trading ideas that I pointed out to 12631 members yesterday (Don’t forget, Free Trial All This Week to 12631 for PPT Members Only) saw no heavy selling volume today, and their favorable chart patterns are still intact.

While today may have been a good day to take a wait-and-see approach and hold off on making aggressive buys, considering most of those setups held up exceptionally well, I think we come back tomorrow and look for the bulls to take another shot at those trades. With the 1300 level on the S&P 500 holding true, the bulls have at least earned a mulligan.

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[youtube:http://www.youtube.com/watch?v=szGzAxJ0fbw&feature=related 550 412] _____________

With AMRN up roughly 94% (!) while the broad market tumbled today, the idea of playing Biotechnology stocks seems increasingly tempting, especially given their outperformance over the past few weeks. IBB, the ETF for Biotechs, looks to be in a clear uptrend. If you simply must play Biotechs, but are scared to dabble in inidividual plays given their propensity for being hand grenades, then IBB appears to be the sensible candidate.

For those of you who want more action, I give you one of The PPT‘s all-time classic screens. Below, you will find the top ten names on today’s Biotech screen. They represent those Biotechs that are being bought on strong volume. Note also that we have made it easy for you to filer out those stocks that are trading too low for you, so you can avoid (or embrace) penny Biotechs if you like.

Technically, which is how we take The PPT algorithm one step further inside 12631 (FREE TRIAL TO PPT MEMBERS THIS WEEK–Click here for details), some of the names are more extended than others.

Top Ideas: BMRN BPAX SVNT

(found 19 matches) (Includes long and short, average volume > 25k. ETFs included.) Page 1/1

No. Ticker Acc. Dist. Score Volume Score Industry Price 1 GNOM 5.00 5.00 Biotechnology 14.87 2 SVNT 5.00 3.00 Biotechnology 10.95 3 BPAX 5.00 2.00 Biotechnology 2.12 4 LGND 5.00 3.00 Biotechnology 9.93 5 ELN 5.00 1.00 Biotechnology 8.01 6 REGN 5.00 1.00 Biotechnology 49.12 7 CHTP 5.00 1.00 Biotechnology 4.94 8 CORT 5.00 2.00 Biotechnology 4.41 9 ACAD 5.00 1.00 Biotechnology 1.92 10 ZLCS 5.00 3.00 Biotechnology 2.66

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I began my video market recap last evening developing an idea that I had discussed for 12631 members two weeks ago. Essentially, the point was to be on watch for a dislocation between silver miners and silver, since it has become such a hot and crowded trade over the past few months. Moreover, we wanted to be on watch for the gold miners to reemerge after lagging the silvers over the previous quarters as a whole.

I am aware that there have been plenty of headlines relating to many individual silver miners over the past few days. However, while we keep gold miners on watch for strength, it is tough for me to cavalierly dismiss the fact that silver is screaming higher while the silver miners struggle to barely hold their most recent breakout. Until this divergence resolves, I am taking a hands-off approach to the silver miners.

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Time, indeed, does fly when you are running a wildly successful premium service.

As much as I could go on and on gloating about RaginCajun’s successful trades, as well as mine, the reality is that we take far more pride in the feedback that we hear from members about their rapid improvement in other aspects of their trading through our service (Click Here and See Testimonials As You Scroll Down). Specifically, subscribers to the 12631 Trading Room have told us time and time again that RaginCajun and I have effectively taught them how to take control of their trading approach through proper risk management, respect for price action and volume patterns, not to mention taking into account the health of the broad market as well. Members who preserve capital through patience and discipline are learning that it often represents a significant win, not unlike a profitable trade.

Beyond those concepts, we continue to stay committed to our mission statement of taking The PPT algorithm one step further, going outside the proverbial classroom of The PPT service and into the field for hand-on work with our members inside the 12631 Trading Room. In addition, our state of the art chat room is literally buzzing around the clock with actionable ideas by members who have chosen to take an active role in the service.

With over 900 combined posts and hundreds of videos and charts available to our community of over 230 active subscribers, there simply is no other trading service out there that can compete with us, particularly when you take into account that the price of joining is as little as $25 a month.

CLICK HERE TO JOIN THE BEST TRADING SERVICE AVAILABLE ON THE WEB

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