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About The PPT

CBZ is No CB4 Joke

[youtube:http://www.youtube.com/watch?v=__aoalbyZWQ&feature=related 550 412] __________________________

CBZ is flashing on several of my short squeeze screens, as well as my non extended high volume breakout screen inside The PPT. This is a small cap stock with a low float and heavy short position, which lends itself to high beta and handsome rewards, so long as you are on the right side of the trade.

Looking at the daily chart below, we can see a nice uptick in buy volume today, as the stock looks to be moving out of a period of consolidation within the context of an overall uptrend. If the stock can break and hold above $7.55, there is likely to be plenty of room to run and squeeze higher.

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Tradable Insurance Policies

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KIE, the ETF for insurance firms, flashed a technical oversold score by The PPT algorithm on Friday. Going out five to ten trading sessions, the ETF has impressive results for a long trade. Here are the statistics:

5 Day – Avg Return 4.44
5 Day – Times Up 4.00
5 Day – Times Down 1.00
5 Day – # Signals 5.00
5 Day – % Times Up 80.00
7 Day – Avg Return 5.35
7 Day – Times Up 4.00
7 Day – Times Down 1.00
7 Day – # Signals 5.00
7 Day – % Times Up 80.00
10 Day – Avg Return 4.35
10 Day – Times Up 4.00
10 Day – Times Down 1.00
10 Day – # Signals 5.00
10 Day – % Times Up 80.00

Moreover, looking at the zoomed out daily chart above, we can see that KIE is going to the mattresses (click on hyperlink to see that concept previously discussed) in a virtual straight line, approaching a major 2010 support zone.

The top components of KIE are: MET TRV PRU AFL AON.

Note that AFL has been crushed, but it did print a hammer on Friday. It should be on close watch for any upside confirmation for a change in trend this week.

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