Five Stocks Playing Hardball with Bears Today

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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A good refresher for what we are all about in the 12631 Trading Service–Staying cool in all types of markets and rolling with the punches.

Alexkid – I Think (Dorfmeister & Alexkid Remix)

The small caps continue to weaken, to update our 30-minute chart look from the past week.

Note the secondary breakdown attempt today from yet another pennant.

While select stocks are popping this morning, the tape is just now offering up the type sod setups I want to see to swing long, just yet. A stabilized Russell would be the bulls’ first step.

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Apple has been a consistent long idea in the Strategy Session for a while now.

To my eye, clearing $97 above, seen on the 30-minute chart, below, is the next level of interest for bulls to push towards $100 and $120.

What are you trading this morning?

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Enjoy tonight’s video, and enjoy your evening. 

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One of the main takeaways from today’s session revolves around our recurring look at the small cap ETF’s 30-minute chart reveals a pennant breakdown today and subsequent secondary pennant, highlighted below.

A further breakdown from here likely sees me entering an index short here.

What are you trading into the bell?

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