By the Book Into the Bell

sjff_03_img0965

Into the closing bell, note the textbook, gap-down and massive reversal in CORN today after a sharp swoon of late.

Corn has been disappointing this spring and summer, but it may finally be ripe to reverse on higher after this hammer candlestick, seen below.

___________________________________________________

CORN

 

Getting a Handle on Oil

best-performance-ddl

Impressive action in black gold today, as it tries to emerge from its weekly chart consolidation, seen below. More on this later tonight or tomorrow morning.

UCO is back on my long radar.

What are you trading in the final hour?

________________________________________________________

USO

 

Keep Taking Selfies with This Chart

vzlYcyr

We are settling into another summer grind type of trading session, as I am still watching the $114 level on the small cap ETF, below.

Note the zoomed-out 30-minute downtrend for the month of July, thus far, still intact. I suspect bulls would need to clear $114 with force to sustain another upside move.

Until then, I expect more choppy action.

That said, FEYE TWTR are acting well today and still trying to make a higher low.

___________________________________________

IWM

Photo of Herbalife Bull During Bill Ackman’s Comments Today

yeezus-american-psycho-trailer-lead

After making Ackman’s bear thesis look foolish for much of last year, HLF is now a broken chart. Even before today’s plunge on Ackman’s latest comments, you can see that declining 200-day moving averages.

When it comes to heavily-shorted stocks, when the shorts actually do get it right things can get ugly, quick, to the downside.

_______________________________________________________

HLF

Five Stocks Giving a Nice View Today

8aUxTKb

Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.

I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.

Members can click here to view and save the screen.

Sorted for at least 500,000 shares of daily average volume to ensure liquidity.

Please click on image to enlarge.

________________________________________________________

2014-07-21_1242

Checking Out the Junk in the Trunk

ObamaChecksoutsomegirl

The high yield corporate bond and junk bond ETF’s have both gotten slammed in recent weeks. Beyond that, they could easily be bear-flagging here, seen on their respective daily charts, ripe to break lower yet. Keep an eye on HYG JNK for potential shorts.

In addition, there may be larger issues to consider if the weakness persists.

Consider this article, for example.

Hat Tip: Scott Barlow @SBarlow_ROB

_________________________________________________

HYG

_________________________________________________

JNK

By the Book Into the Bell

sjff_03_img0965

Into the closing bell, note the textbook, gap-down and massive reversal in CORN today after a sharp swoon of late.

Corn has been disappointing this spring and summer, but it may finally be ripe to reverse on higher after this hammer candlestick, seen below.

___________________________________________________

CORN

 

Getting a Handle on Oil

best-performance-ddl

Impressive action in black gold today, as it tries to emerge from its weekly chart consolidation, seen below. More on this later tonight or tomorrow morning.

UCO is back on my long radar.

What are you trading in the final hour?

________________________________________________________

USO

 

Keep Taking Selfies with This Chart

vzlYcyr

We are settling into another summer grind type of trading session, as I am still watching the $114 level on the small cap ETF, below.

Note the zoomed-out 30-minute downtrend for the month of July, thus far, still intact. I suspect bulls would need to clear $114 with force to sustain another upside move.

Until then, I expect more choppy action.

That said, FEYE TWTR are acting well today and still trying to make a higher low.

___________________________________________

IWM

Photo of Herbalife Bull During Bill Ackman’s Comments Today

yeezus-american-psycho-trailer-lead

After making Ackman’s bear thesis look foolish for much of last year, HLF is now a broken chart. Even before today’s plunge on Ackman’s latest comments, you can see that declining 200-day moving averages.

When it comes to heavily-shorted stocks, when the shorts actually do get it right things can get ugly, quick, to the downside.

_______________________________________________________

HLF

Five Stocks Giving a Nice View Today

8aUxTKb

Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.

I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.

Members can click here to view and save the screen.

Sorted for at least 500,000 shares of daily average volume to ensure liquidity.

Please click on image to enlarge.

________________________________________________________

2014-07-21_1242

Checking Out the Junk in the Trunk

ObamaChecksoutsomegirl

The high yield corporate bond and junk bond ETF’s have both gotten slammed in recent weeks. Beyond that, they could easily be bear-flagging here, seen on their respective daily charts, ripe to break lower yet. Keep an eye on HYG JNK for potential shorts.

In addition, there may be larger issues to consider if the weakness persists.

Consider this article, for example.

Hat Tip: Scott Barlow @SBarlow_ROB

_________________________________________________

HYG

_________________________________________________

JNK

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