I have written a few posts about the confectioners in recent months. Even as the price of sugar has alternated between going parabolic, crashing, and then snapping back again, these firms that are closely related to sugar always seem to be showing relative strength to the broad market. The big three continue to impress today, $HSY $IPSU $TR. As you can see on The PPT readout, these guys are showing the hottest action relative to other specific industries today.

Moreover, all three are sound technically.

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Just when they had been left for dead, those random, drama-filled solars (great for trading, horrible for buy-and-holders) are putting in a very strong day. $CSIQ $HSOL $JASO have all been detected on my 12631 Solar Accumulation custom screen inside The PPT for their high volume breakouts today. Technically, after being clobbered over the past few months, I am seeing many solars basing out and could go either way. Obviously, their performance as a whole today goes a long way towards breaking higher. I will be taking a more in-depth look at the group tonight, but for now $YGE has my interest as being the best set up solar, from a technical perspective.

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Squeezes all around. Here are ten ideas that are working today, courtesy of The PPT. I like ANN as much as any name on that list.

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As I alluded to earlier, some of the department stores are seeing short squeezes today, and The PPT algorithm quickly detected this. In fact, the Department Stores as a whole represent the largest increase in hybrid scores today (combination of proprietary fundamental and technical factors) of any industry in the market.

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Click on image below for full size view of Department Stores Industry screen.

The wholesale food firms have been consolidating in a quiet, orderly manner, exhibiting relative outperformance over the past several weeks. SPTN and SYY exemplify this on their charts below. Click on image for the full size view of The PPT readout.

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