Inside The PPT, one of my favorite saved screens isolates stocks showing the best relative strength (as per the The PPT proprietary algorithm) to the rest of the market. In addition, I thought I would share a screen shot of today’s results because many of the following stocks are also sporting tight daily charts.

Thus, they are showing relative strength not just for today but also over the course of many days.

Click on image for larger view.

I just created a new screen inside The PPT  titled “chessNwine’s Finest Chessboard” that is as precise as any one I have concocted in terms of isolating strong breakout plays not yet extended past their daily moving averages. Members of The PPT and 12631 should click here to see the screen and save it (upper lefthand corner once inside The PPT to save this screen).

This screen should help you cut through all of the commotion in the market at any given moment and find the very best setups in real-time. As always, filter the results through human technical analysis and use proper risk management. You can always ask myself and @RaginCajun for suggestions inside the Pelican chat room in 12631.

As I pointed out to 12631 members early yesterday morning, the biotechnology stocks seem to be resuming their role of leader throughout 2012. Inside The PPT (you must be a member of The PPT in order to join our 12631 service), we were ferreting out the very best technical setups in the sector. The 12631 method is to filter these results through the lens of human technical analysis and sound risk management principles in terms of your entry, should you choose take the trade.

Below is a screen shot of just some of today’s results. The PPT offers many useful tools to help streamline your preparation as a trader and offer a better chance of you finding an edge in the market.

Please click the screen shot below for a larger view of my “12631 FINISH HIM! SHORT KILLER SCREEN” inside The PPT. Here are today’s readouts for stocks that are heavily-shorted and have bears on the run. The idea is to squeeze them and force them to cover as these high beta stocks push higher. It is one of my favorite custom made screens in The PPT that I share with 12631 members all the time.

With promising action underneath the surface, we were making plenty of moves inside the 12631 state of the art chat room (referred to as the “Pelican Room”) today. To be sure, there are probably more reasons than I could list here to be cautious or outright bearish on the market, in terms of seasonality, macro figures, looming monetary and fiscal events, etc.. And yet, none of those reasons amount to much when we see more and more stocks acting constructively and making valiant attempts at strong breakouts.

There are never any guarantees in the market, but if you are a swing trader then there is no substitute for blocking out emotions and extraneous noise and focusing on what the market is actually doing. Over the past few years, we have developed 12631 to accomplish just that, creating a highly conducive atmosphere for traders.

Let’s see if the bulls can keep being the comeback kids.

More on my video market recap after the bell.

http://www.youtube.com/watch?v=aOvyymFaFs4

Here is a 12631 blog post I wrote for members back on August 7th. This is the type of analysis members regularly receive on top of many other features we offer, including our unparalleled chat room. For more details about joining 12631, please click on the 12631 hyperlink. 

Also, LL continues to look great. Note that the chart below was from the original post. The float is loaded with shorts to squeeze further. 

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Part of your 12631 membership includes continued education about The PPT algorithm and its inner workings. There are so many ways to use The PPT as a valuable tool that it is best broken down into manageable segments.

As an example, inside The PPT if you click on “PPT TOOLS” and then “ALL INDUSTRIES,” you can then sort every industry in The PPT universe by daily hybrid (fundaments + technicals) change (Hyb. Chg. Daily). Today, you can see by clicking here that “Home Improvement Stores” is the top ranked industry in the entire algorithm with respect to its change in daily PPT hybrid score.

You can then click on the actual industry, which will list its individual stock components. I did just that with “Home Improvement Stores” and came across the gem below in LL. While the broad market is not quite all there for me to be very aggressive yet, this is definitely a stock to watch going forward.

So, as you can see, there many ways to use The PPT to find actionable trading ideas.