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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According to Bloomberg, the White House will ask Congress for several billion in funding relating to the Ebola virus issue.

At first blush, LAKE is reacting the best to the news, being one of the HazMat firms.

Another push towards today’s highs of $14.73 would make for a potential long entry point.

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It seemingly one-market markets like this one has been for a while, it is very easy to lose track of the fact that eventually even the strongest or weakest of markets change character. It is worth taking a look at all of your portfolios–long-term especially–and stress testing them for upcoming severe turbulence, just in case.

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Despite a post-election gap higher this morning, my biotech short is still working in my favor. In addition, short setups abound, including AMZN F GM LVS MGM WYNN, and others. A few recent IPO’s like LOCO RWLK still appear to be decent long setups on strength, and BIDU is a relative strength standout.

Also keep an eye on DDD PRLB to see if they follow peer SSYS lower in the 3D printing space.

One other area I am watching for a reversal lower would be the REITs, as the steep run higher the IYR has had looks long in the tooth.

Overall, though, not much has changed for me and my market posture. Bears in certain parts of the market continue to get run over, while other types of bears are making out surprisingly well.

I suspect a close in the red today would set up further weakness into next week. But, as we know, that is a big “if” considering we can expect dip-buyers to give it the usual effort sometime today.

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Well, it is still a tricky market in the sense that the best technical long setups I see are recent IPO’s with young charts basing along, namely LOCO MBLY RWLK TUBE. Typically, these IPO’s need a bit more time to develop an ebb-and-flow to the chart before they can be seem as quality setups.

But the pickens are slim, overall, for fresh entries in the tape. And the above-listed names will have to do, on further strength.

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

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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.

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