That’s Where the Money Is
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The big banks are looking good, especially MS and GS (I am long GS), as well as some regionals. The post and video that I made last week about using The PPT for the financials seems particularly useful now, so I am going to repost it here.
Comments »Going to Deadwood to Mine for “The Color”
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Days like today beg the question of whether the move in the gold miners was the beginning of the next significant leg higher in the gold bull run, or whether it was simply a flash in the pan (no pun intended). So, should we just pick up and move to a crazy gold mining town in search of “the color,” spending our days mining and our nights at the Gem Saloon? First off, looking at the weekly charts of the GDXJ, the ETF for the junior gold miners, as well as the HUI “gold bugs index,” the case for a durable breakout is a strong one (see notes on charts):
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Moreover, and this is where The PPT and 12631 are able to add significant value to your trading preparation, a custom made PPT screen I created for subscribers tells us that many individual gold miners have seen heavy accumulation, or significant buying by institutions. In other words, the moves today were supported by strong buy volume across the board, likely from funds.
Double-click on The PPT screen below to see full-size results (top 15 results included)
Thus, we know we had a flat day in the broad market, and that the gold miners significant outperformed today. Now, with The PPT, we can precisely pinpoint which of those miners registered the highest accumulation scores by the algorithm. Inside 12631, we take the algorithm one step further and view the results through the lens of technical analysis. As an example, we take some of the very best setups identified from a given PPT screen and offer members precise commentary (see charts below). In essence, we filter out stocks multiple times in The PPT and 12631, which inevitably has our subscribers working smarter than other traders. Hence, the value-added aspects of our services, not to mention the time saved in preparation.
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12631 Monthly Update
The 12631 Trading Service, available exclusively to members of The PPT, has continued to adapt and thrive along with the broad market over the past several months. Our members have found it liberating to take a more active approach to their trading, in terms of managing risk and respecting price action. Beyond that, our community is growing beyond our wildest dreams, as members seek to both improve their own trading and help others inside our state of the art chat room that is literally buzzing around the clock.
Without question, we remain committed to extrapolating on The PPT algorithm, taking the analytics one step further through the lens of technical analysis and sound risk management concepts. Heading into our fifth month, there can be little doubt that 12631 has established itself as one of the elite services and communities available to retail traders.
For as little as $25 per month, we are confident in asserting that the value we offer is unparalleled.
Click Here To Join Our Vibrant Community And Experience Our Winning Atmosphere
Shameless Friday Morning Brag
[youtube:http://www.youtube.com/watch?v=Z-FPimCmbX8 550 412]
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Many members of The 12631 Trading Service inside The PPT are celebrating today, with a nice 10% jump in SRX based on this takeover. Indeed, sometimes “chatter” actually proves to be true. With that said, profits have been taken by the ChessMaster. Happy Friday!
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