_______________
Laugh all you want, but the major airlines and the regionals are dominating The PPT scores of the highest ranked industries today. This truly is a great feature of the service that I use every single day. Along with majors like LCC and DAL, a regional like ALGT is very impressive not just today, but especially when viewed through the lens of the overall daily chart action.
You always have to pay attention to relative strength, and here it is.
_______________
Courtesy of The PPT algorithm here on iBankCoin, here are the top ten results from my favorite screen. Click here for more details about joining our service.
Click on image for full view.
If you trade long enough, you will most certainly have trades that go against you in a big way, at one point or another. As we have seen over the past few weeks, the market is capable of doing anything at any given time. Essentially, we were within 2% of 52-week highs on the S&P 500 as recently as late July, only to see a bonafide crash materialize out of nowhere. When this type of event happens, fancy hedge funds and retail traders alike will blow up their accounts and, unfortunately, be forced out of this business.
It is especially in times like these when you will need a saving grace to help prevent a fatal blow to your precious capital. In the following video, I discuss how position sizing is your first and last line of defense against the volatile and heartless beast known as Mr. Market. While stop-loss placement is more of an art and the subject of great debate, position sizing is more of a rigid science that should not be toyed with too much. Indeed, it makes all the difference in the world to see a trade get out of hand on the downside when it is only 8-10% of your portfolio, in lieu of being all-in long on margin.
If these types of posts and videos interest you, I encourage you check out our 12631 Trading Room inside The PPT service here on iBankCoin (click on hyperlinks for details).
Comments »
_________________
In the midst of the carnage last week, tobacco stocks unsurprisingly showed relative strength. Until we see a full ban on cigarettes in this country, despite the best efforts of Midget Bloomberg in New York, these high yielding firms with excellent cash flows will represent safe havens. If the market refuses to stabilize next week, it may very be well be worth picking away at these stocks for long-term accounts.
Click on image for full size view.
One of my favorite saved custom screens that I made inside The PPT service here on iBankCoin was created for 12631 Members. The screen isolates stocks that have positive divergences in their daily versus weekly hybrid scores (combination of The PPT algorithm ranking technicals and fundamentals), as well as strong relative strength and volume.
Here are the latest readings. Click on the photo for a full view.
Last week, The Fly wrote a post for subscribers inside The PPT service, giving them a sneak peek at the next version of the algorithm–PPT 2.0. He briefly outlined why he was establishing two bearish positions on volatility. In the following video, I walk you through how PPT 2.0 specifically enables you to make more informed decisions regarding quantitative analysis. In other words, the new algorithm, expected to be released in the coming months, will put you in a better position to take advantage of current conditions in any given market, among other amazing features.
We are always striving to improve the features of our services inside The PPT, as well as in the 12631 Trading Room. If it has not otherwise been made obvious, a stagnant community consisting of us resting on our laurels is simply unacceptable in the iBankCoin family of premium services.
Please click here for more details about becoming a member of The PPT.
________________
Comments »
