@RaginCajun mentioned that the IYR was outperforming notably today, and The PPT enables you act further on that thesis. As you can see on the screen shot below inside The PPT, two of the top six industries today are the REITs, obviously related to the real estate complex. The PPT monitors how each industry in the market moves intraday via a Hybrid score (combination of technical and fundamental factors), and is very quick to detect strength during the session.

Members of The PPT and 12631 can click here to further delve into the industry pages for to look for individual trading ideas.

Please click on image for full size view.

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I’m busy inside 12631 and The PPT looking through my screens this morning.

Be back with more later…

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Members of The PPT and 12631 can click here to see that the gold and silver miners saw the two highest hybrid score moves on Tuesday. In other words, The PPT algorithm detected the greatest intraday strength in the miners, of any industry in the entire market.

Overall, the market is perhaps a bit tired here. That said, calling for a top or even a correction is much easier said than done. As I noted in my recap earlier, I lightened up my portfolio. However, I still have little interest at this point in taking on short exposure. Even if many sectors and the indices undergo a pullback, we can still see a “lock and roll” rotation down to the miners.

Accordingly, I am spending tonight looking through the gold and silver charts.

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As The Fly discussed last night, our annual March Madness contest inside The PPT is upon us. With first prize being $1,000 of cold, hard cash, now would be an opportune time to sign up for The PPT service. The contest is always a blast, and just reinforces what a special community we truly have here inside both The PPT and 12631 services. Click here to learn more about The PPT, and be sure to see my video at the bottom of the screen walking you through the service. Also check out the stellar testimonials from our members.

Regarding today’s market, you can see the power of a trending market taking hold today. Shorting a bull run the whole way up can be a very costly strategy, and my focus continues to be on staying constructive on the tape while still managing risk. The concept of a stock picker’s market is trumping the macro traders who are looking for a major inflection point. No trend lasts forever, but for now I am not fighting the tape.

A few long ideas acting well today: CLNE CXO EXP GBX IMAX STEC

Sign up for The PPT today, and you can live the rest of your life as a champion!

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Courtesy of The PPT proprietary algorithm, here are the top 20 biotechnology stocks, current as of this moment and ranked according to PPT Technical Score. Biotechs remain hot relative to the broad market (along with energy, today), and there are plenty of enticing setups on this list.

Click on image for full size view.

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Another great week inside 12631 is almost in the books. We are seeing both the forest and the trees inside our service, focused on making the correct decision with each trade and at every market juncture. Our state of the art chat room continues to impress even our most veteran of members, as we constantly strive to improve with new features. Above all else, though, our service thrives in a market like this.

Instead of getting too emotionally high or low, we simply put in the work every day and night to find the best trading ideas, and then execute while managing risk. There is no better atmosphere out there for traders to spend their daytime sessions and evenings in preparation for the market. When you factor in the way our service takes The PPT algorithm one step further, the decision to join should be a relatively easy one.

Click on 12631 and learn more about joining our crew.