Category Archives: About The PPT
A Heads-Up on the Coming April Levitation
With less than two weeks to go until April, consider this a heads-up about one of the best seasonality plays I can find inside The PPT algorithm. Biotechnology firm Medivation has been up 100% of the time in the month of April, with 15 data points to boot. This stock has been a monster in recent years, as the first time I brought it to your attention in 2011 it was trading at $17.02, and is now at $45.05.
Beyond that, the average return for this stock in the month of April is over 17.5%. The evidence is right here, via screenshot courtesy of The PPT. No losing April’s for MDVN.
Furthermore, observing the daily chart below we can see that the stock has been struggling of late, in a clear corrective pattern since early-February. However, the stock gapped down on Monday and then reversed higher for a reasonably strong close.
In this context, after a downtrend, that candlestick for Monday can be seen as indicating an imminent bullish reversal; a hammer, hammering out a bottom, if you will.
When you couple this technical setup with the looming April seasonality, Medivation becomes an intriguing play to watch going forward.
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Just One More Setup
In addition to the ideas and explanations I gave on Monday night in this post, also keep an eye on the resurgent momentum in the multimedia and graphics software industry. Members of The PPT and 12631 can click here for the full roster of ideas.
Take-Two Interactive Software, Inc. is one of the more attractive long setups in the group, on further strength out of the ascending triangle charted below on the daily timeframe.
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Ideas to Push Bears Over the Edge
Courtesy of The PPT algorithm, and one of my favorite saved screens, here are ten heavily-shorted stocks acting well today, ripe for further short squeezes higher into the close.
Click to Enlarge
Ideas to Incinerate the Shorts
Courtesy of my “12631 CHECKMATE SHORTS” saved screen here in The PPT.
Click to enlarge.
Coming in Like a Lion
It is often said that the month of March comes in like a lion but goes out like a lamb. While that phrase alludes to the weather, it will be interesting to see if the market’s recent increase in price swings persists in the new month now upon us. Overall, there is still little doubt we are in a strong intermediate-term uptrend. But the violent indecision is likely setting us up either for a deeper correction than the 3% pullback we have already seen, or instead a nasty bear trap before we head on higher. I want to be prepared and nimble enough for either scenario.
Regarding the long side, here are four stocks which have dominated the month of March for years on end. Courtesy of The PPT algorithm’s seasonality feature, you can see the average return in the month of March, what percentages of the time in March they were up, and the number data points.
Click on image to enlarge.
Following the Aruba Network of Stocks
NOTE: chessNwine’s Weekly Strategy Session has been published and sent out to members this week. I am confident that you will find this week’s version to be of tremendous value in your weekly preparations for the market. It is never too late to sign up at a very reasonable price, so please click here for more details about subscribing or even making a one-time purchase (the subscription plans offer much better value over time). As a reminder, members of 12631 receive the Weekly Strategy Session at no additional cost, as it is included in their membership.
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Led by Aruba Networks (ARUN), many enterprise and computer peripherals had strong price action on Friday. Stocks like EFII and UNXL are particularly interesting on any further strength this week, given their solid chart setups.
Courtesy of The PPT algorithm, here is a list of some of the most impressive upside movers and shakers last Friday. I am cross-checking these names with their respective daily and weekly charts to identify the very best potential long setups, upon further market upside.
