___________________

Former NFL head coach and broadcaster Sam Wyche once began his color commentary for a game by noting that hard work alone usually insufficient to compete at the highest level. Actually, what the affable yet rough-around-the-edges Wyche said was, “Jackasses work hard. The key is to work smart.” Indeed, in the stock market truer words have never been uttered, as Mr. Market could not care less how may hours you spend toiling over research reports and “Breakfast with Dave” or Apertivo with Nouriel commentaries.

Speaking of working intelligently, you probably were not aware that HSNI (Home Shopping Network) hit all-time highs on Tuesday since its IPO several years back. How did I know? Well, I did my homework via perusing my saved screens inside The PPT. Members of both The PPT and 12631 can click here to access my custom relative strength screen, in which HSN popped up with the highest daily hybrid PPT score percentage increase on Tuesday out of any stock with a very high PPT Relative Strength score.

The retail sector still intrigues me, given the favorable setup in the ETF chart of XRT. I have also included the annotated charts of JOSB MW STMP as other long retail ideas below.

___________________

___________________

___________________

___________________

Comments »

________________________

Members of The PPT and 12631 can click here for the consumer credit industry screen, ranked by PPT Technical score. In sum, many are impressively set up. They showed relative strength to the market throughout the summer. The big ones are obviously MA and V, which look excellent here too.

________________________

________________________

________________________

Comments »

Direct Vimeo Link Click Here

Members of The PPT and 12631 Can Click Here for My Regional Banks PPT Screen

Tickers Mentioned in Video: $BPFH $CHFC $FCF $HCBK $SUSQ $TAYC $TCBI $XLF 

 

Comments »

 

Many traders take issue with the idea of ever buying a stock that is already up 10-15% during the session. While I think the more important point of analysis is how the stock’s daily and weekly timeframes are shaping up, it is tough to talk someone into buying a stock that has already seen a huge move on a day like today.

So, here are a few stocks that I arrived at inside The PPT screens that are still viable, non-extended setups.

________________________

________________________

________________________

________________________

Comments »

I pulled the following three trading ideas loaded with shorts from a custom screen in The PPT. PPT and 12631 members can click here to view the screen, which is not even my most comprehensive short squeeze screen. However, it is a good starting off point for ideas in an apparently improving market.

____________________

____________________

____________________

Comments »

__________________________

The central theme of my video market recap on Friday was that the rally we saw to close last week differed in nature from what we saw last year when breaking out of a multi-month trading range. The traditional marquee names, leaders if you will, simply did not participate anywhere close to what you would expect when the Dow is up 267 points and the S&P 500 is threatening a major weekly breakout from the now-ubiquitous range. Contrast that with the idea that in the early-stages of a fresh uptrend, you expect there to be widespread energy in numerous charts.

From that analysis, many would deduce that the rally is entirely bogus and it is now correct to position aggressively short. However, the main issue with that argument is that the market may very well be telling us, instead, that just because it is ready to breakout from our 1120-1220 S&P 500 trading range, we are not off the races. In other words, we could still be within the confines of a more massive trading range, such as 1120 up to 52-week highs at 1370. In that scenario, you are looking at much more of a selective, stock/sector-picker’s market.

To support this notion, look no further than the increasingly constructive action in many of the transportation stocks. For much of 2011, they have been duds, often lagging the market. Historically, the trannies are market-leading indicators, and even when they have seen mini-rallies during the year, they were almost always short-lived. Recently, though, many of the key transportation stocks have seen strong buying volume come in to support sharp rallies.

Earlier last week, I created this PPT screen for members of the 12631 Trading Service, which isolates railroad firms under strong accumulation. The working thesis here is that the trannies should be one of those areas of the market that sees inflows, even if the hotshot names in the Nasdaq Composite take a back seat.

__________________________

__________________________

__________________________

 

Comments »