Here Comes Scary September

pictures_of_the_day_6

Consistent with how this bull market has unfolded, it would not surprise me in the least to see a melt-up even in the dreaded September/October part of the year.

Still, my book has a few individual shorts hedged up against some longs. And I am ready to adjust quickly, as is our reputation inside the 12631 Trading Service, to whichever surprise the market brings with it, scary or not. That said, if you click on this 12631 link, you can see that @RaginCajun and I closed out August with a string of nice winners.

Enjoy your long holiday weekend.

In the Count Room for This Sector

I am still honed in on the major casinos here, to see if the breakdowns are legitimate or instead simply another bear trap.

I suspect we will not get a clear answer until next week or mid-September.

However, seeing LVS WYNN take out yesterday’s lows has me sticking with my WYNN short.

I also believe the outcome of this setup, be it bear trap or the-real-deal breakdown, will offer valuable insight into the not just the health of Macau but also Las Vegas and indeed many consumers here in the U.S..

Five Stocks Not Giving Bears Any Comfort Today

BwJXr8MIQAAd9G1.jpg-large

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.

________________________________________________________________

2014-08-29_1255

 

Lining Them Up Before the Holiday

Z6W4Faq

INVN is an intriguing short squeeze play if it can clear $26, seen on the daily chart, below.

Also of note today is the strength in refiners such as DK TSO WNR.

In addition, keep an eye on biotechs BLUE CLVS for further gains.

What are you trading today?

_______________________________________________________

INVN

Exchanging Pieces on the Chessboard

YzQMEvo

I scaled down more of my TWTR long inside the 12631 Trading Service this morning, as the market faded the initial move higher in the tape. The goal there was to continue to harvest gain in a solid, pre-holiday week winning trade and take some risk off the table before Labor Day.

You can be sure that volume will shrink throughout today’s session, as many head towards the beach to enjoy what remains of this summer. I would not read too much into the action today, though the gold miners are perking up as I write this.

Names like DGLY GPRO continue to attract the day-trading, hot action crowd before the holiday, too. Beaten-down issues like FEYE SPLK YELP are trying to make a comeback, too.

As far as shorts, the Russia ETF rolled back over hard this week, and Visa may be ripe for me to take it again.

Major casinos probably should be bouncing here, but if the Macau strike weighs on them into next week it could get ugly to the downside.

Intensely Stalking

NCzC6zn

CORN over $26.70 and WEAT over $13.14 would still have my interest in playing these soft commodities for snapback rally from beaten-down conditions.

Which stocks are at the top of your watchlists this morning?

____________________________________________________

CORN

____________________________________________________

WEAT

Here Comes Scary September

pictures_of_the_day_6

Consistent with how this bull market has unfolded, it would not surprise me in the least to see a melt-up even in the dreaded September/October part of the year.

Still, my book has a few individual shorts hedged up against some longs. And I am ready to adjust quickly, as is our reputation inside the 12631 Trading Service, to whichever surprise the market brings with it, scary or not. That said, if you click on this 12631 link, you can see that @RaginCajun and I closed out August with a string of nice winners.

Enjoy your long holiday weekend.

In the Count Room for This Sector

I am still honed in on the major casinos here, to see if the breakdowns are legitimate or instead simply another bear trap.

I suspect we will not get a clear answer until next week or mid-September.

However, seeing LVS WYNN take out yesterday’s lows has me sticking with my WYNN short.

I also believe the outcome of this setup, be it bear trap or the-real-deal breakdown, will offer valuable insight into the not just the health of Macau but also Las Vegas and indeed many consumers here in the U.S..

Five Stocks Not Giving Bears Any Comfort Today

BwJXr8MIQAAd9G1.jpg-large

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.

________________________________________________________________

2014-08-29_1255

 

Lining Them Up Before the Holiday

Z6W4Faq

INVN is an intriguing short squeeze play if it can clear $26, seen on the daily chart, below.

Also of note today is the strength in refiners such as DK TSO WNR.

In addition, keep an eye on biotechs BLUE CLVS for further gains.

What are you trading today?

_______________________________________________________

INVN

Exchanging Pieces on the Chessboard

YzQMEvo

I scaled down more of my TWTR long inside the 12631 Trading Service this morning, as the market faded the initial move higher in the tape. The goal there was to continue to harvest gain in a solid, pre-holiday week winning trade and take some risk off the table before Labor Day.

You can be sure that volume will shrink throughout today’s session, as many head towards the beach to enjoy what remains of this summer. I would not read too much into the action today, though the gold miners are perking up as I write this.

Names like DGLY GPRO continue to attract the day-trading, hot action crowd before the holiday, too. Beaten-down issues like FEYE SPLK YELP are trying to make a comeback, too.

As far as shorts, the Russia ETF rolled back over hard this week, and Visa may be ripe for me to take it again.

Major casinos probably should be bouncing here, but if the Macau strike weighs on them into next week it could get ugly to the downside.

Intensely Stalking

NCzC6zn

CORN over $26.70 and WEAT over $13.14 would still have my interest in playing these soft commodities for snapback rally from beaten-down conditions.

Which stocks are at the top of your watchlists this morning?

____________________________________________________

CORN

____________________________________________________

WEAT

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