For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.

In addition, anything else about the current market, feel free to drop below.

Speak your mind, night owls.

Long ideas on strength tomorrow: ACHN BLUE DMND TUBE.

And 12631 member: “Optiontastic” noted the Vmware short setup, seen bear-flagging in a downtrend on the daily chart, below. I like it as a short on further weakness.

Drop me your top tickers overnight.

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At this point I am almost exclusively keying off the biotechnology sector, using the IBB ETF, to determine whether this market “blows-off” higher. The ETF came within a few points of $300 today. And you get the sense that fund managers absolutely must have the biotechs on their books into year-end.

My only position now is a short UNP tester, as transports in their own right have been parabolic.

INTC is down big today, suspiciously.

But, overall, I am being my time in cash until I get a better pitch to swing at.

What are you trading into the final hour?

In addition to the Facebook reversal off gap-fill support, Twitter is also staging an impressive upside reversal in its own right today.

After some earnings swoons, both stocks are scowling at shorts, in addition to the major indices at-large.

I am still not going to get too involved on the short side until I see the biotechs cease making fresh higher.

As far as long ideas, a few biotechs with solid charts: ACHN AGIO AVNR.

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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.

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Even as the broad market remains resilient, Facebook rather quickly filled the gap we looked at yesterday, down to $73.35

Now is a good spot to observe whether buyers defend this market leader.

Elsewhere, the gold miners look to be in the capitulation phase. But I still need to see some more signs of it before making a contrarian long play.

And there is little chance that I am going to get aggressive with index shorts until the biotechs stop going up and making new all-time highs every day.

What are you trading this morning?

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