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Behave Like a First-Class Trader

Mon Apr 11, 2011 10:28pm EST 9

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With the exception of the busy holiday months, The PPT seasonality feature tells us that the major airlines actually perform best in the month of April, with a healthy set of data points to confirm (Click on pic below to see full size).

Beyond The PPT seasonality, I delved into technical analysis and noted how oversold the airlines were on short/intermediate-term timeframes in an earlier post today. Indeed, inside our 12631 Trading Service, we take The PPT classroom work one step further out into the field for a hands-on approach, so to speak.

For an even longer-term perspective, I want to analyze the monthly chart of XAL (Amex Airline Index). Although they did so in a seemingly under the radar (fittingly) manner, the airlines did indeed see a sharp rally off of their 2008-2009 lows to recapture virtually all of the losses from the bear market. As you might imagine, the concept of overhead supply started to kick in at a certain point and, coupled with higher energy prices, it is no wonder that the airlines have seen five consecutive lower monthly closes. With that said, the overall trend for airlines since 2009 remains firmly higher, and the recent string of red monthly candles has happened in a rather orderly fashion, giving good reason to think that this is a bullish consolidation. Of course, as I indicated on my video market recap today, I will wait to see more bonafide signs of strong buyers before becoming too aggressive here.

Despite sentiment indicating that energy prices simply must go higher and devastate all things dealing with the transports in the immediate future, I expect the airlines to actually outperform in the coming weeks and months.

Full Disclosure: Long AMR

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Going to Deadwood to Mine for “The Color”

Tue Apr 5, 2011 9:48pm EST 16

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Days like today beg the question of whether the move in the gold miners was the beginning of the next significant leg higher in the gold bull run, or whether it was simply a flash in the pan (no pun intended). So, should we just pick up and move to a crazy gold mining town in search of “the color,” spending our days mining and our nights at the Gem Saloon? First off, looking at the weekly charts of the GDXJ, the ETF for the junior gold miners, as well as the HUI “gold bugs index,” the case for a durable breakout is a strong one (see notes on charts):

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Moreover, and this is where The PPT and 12631 are able to add significant value to your trading preparation, a custom made PPT screen I created for subscribers tells us that many individual gold miners have seen heavy accumulation, or significant buying by institutions. In other words, the moves today were supported by strong buy volume across the board, likely from funds.

Double-click on The PPT screen below to see full-size results (top 15 results included)

Thus, we know we had a flat day in the broad market, and that the gold miners significant outperformed today. Now, with The PPT, we can precisely pinpoint which of those miners registered the highest accumulation scores by the algorithm. Inside 12631, we take the algorithm one step further and view the results through the lens of technical analysis. As an example, we take some of the very best setups identified from a given PPT screen and offer members precise commentary (see charts below). In essence, we filter out stocks multiple times in The PPT and 12631, which inevitably has our subscribers working smarter than other traders. Hence, the value-added aspects of our services, not to mention the time saved in preparation.

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The Cricket and Handle Pattern

Sun Apr 3, 2011 2:22pm EST 6

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Fresh off their Cricket World Cup win over Sri Lanka, India’s stock market appears set up in the coming weeks and months for another victory. As you can see on the monthly chart of the Bombay Sensex Index below, we are looking at a massive, multi-year cup and handle bullish formation. To be sure, 21,000 is the key level on the upside to watch. On the downside, you’d like to see 17,000 hold as a line in the sand to keep the “cricket” and handle pattern intact, if it even comes to that. I have also included the charts of several high beta India ADR’s that are worth watching.

As I detailed last evening, the ideas are always flowing inside the 12631 State of the Art Chat Room. Big Hat Tips to 12631 Members: @The Idiot @thewife @spinner for the great India ideas.

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12631 Monthly Update

Sat Apr 2, 2011 8:53pm EST 9

The 12631 Trading Service, available exclusively to members of The PPT, has continued to adapt and thrive along with the broad market over the past several months. Our members have found it liberating to take a more active approach to their trading, in terms of managing risk and respecting price action. Beyond that, our community is growing beyond our wildest dreams, as members seek to both improve their own trading and help others inside our state of the art chat room that is literally buzzing around the clock.

Without question, we remain committed to extrapolating on The PPT algorithm, taking the analytics one step further through the lens of technical analysis and sound risk management concepts. Heading into our fifth month, there can be little doubt that 12631 has established itself as one of the elite services and communities available to retail traders.

For as little as $25 per month, we are confident in asserting that the value we offer is unparalleled.

Click Here To Join Our Vibrant Community And Experience Our Winning Atmosphere

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Shameless Friday Morning Brag

Fri Apr 1, 2011 10:32am EST 2

[youtube:http://www.youtube.com/watch?v=Z-FPimCmbX8 550 412]

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Many members of The 12631 Trading Service inside The PPT are celebrating today, with a nice 10% jump in SRX based on this takeover. Indeed, sometimes “chatter” actually proves to be true. With that said, profits have been taken by the ChessMaster. Happy Friday!

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