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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The small cap chart, as well as that of the Nasdaq, is coming to a standstill overall as we head into the weekend. Whichever way they break should finally give us a nice directional bet, though I am still leaning lower. Let’s see who controls the rules of this road, though.

For now, the hourly chart of the small caps, below, shows the consolidation.

Also note the rally in the precious metals miners building some steam.

Elsewhere, SWKS is putting a sizable bearish engulfing candle today after its report, as semis as a whole look heavy here.

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LOCO reversed lower from its earnings pop yesterday, while biotechs are under some more heat due to, in part, to SLXP.

I remain short biotechs via BIS, and may add today.

Check out the intraday chart, below. looking heavy.

What are you trading this morning?

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LOCO earnings coming up after the bell. Who is playing it, and how?

Another grinding day in the tape today. More in my video market recap after the bell.

See you there.

It is still quite early, in terms of a potential false breakdown/tradable rally in the precious metals and miners.

But Silver Wheaton, seen below on the daily timeframe and arguably the best miner out of all of them, is following-through higher nicely today after yesterday’s reversal off the lows.

Let’s see if the confirmation continues. Earnings are 11/12.

What are you trading this afternoon?

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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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