Drink it Up

The TWTR longs who capitulated in the spring appear to have given way to stronger hands now with more conviction in the name, in effect drinking their milkshake.

First things first, though, as we need to see a close over $35.14 in the next week or two to get that move over $40 in effect from the inverse head and shoulders bottom, outlined again below on the hourly chart. I am impressed with the action again so far this morning, but will way until the afternoon before I decide whether I add into it again.

Elsewhere, natty gas is a mess following the report. Buyers are trying to regroup now after an initial plunge. Here, as well, I am looking towards the afternoon today before I make a decision.

And for the first time in a while I am considering some NUGT again, or perhaps gold and silver longs. Stay tuned.

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(negativo, not niente, actually)

Watch UNG Over $25.80 on the long side.

And IBM is looking heavy to the short side as I write this.

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

​III. LONG TRADING IDEAS

I like the following long ideas only on further strength this week. I recommend that you keep protective stop-losses on all trades, not much looser than 7-8% from where you initially buy. Also, please be sure to check earnings dates for any and all of your holdings.  

1. ANIK
2. APC  
3. ATVI 
4. BHI
5. CXO
6. EGN  
7. FWLT
8. HAL
9. HUN 
10. MOS
11. NVDA 
12. PXD 
13. RICE 
14. SXT 
15. WFT 

​IV. SHORT TRADING IDEAS

Here are some ideas with vulnerable charts that I would consider swing trading on the SHORT side ONLY ON WEAKNESS in a broad market which accelerates to the downside. Short-selling includes unlimited risk, since stocks can rise indefinitely, or at least much longer and much higher than seems reasonable. Thus, I strongly encourage you to define your risk beforehand via a concrete buy-cover protective stop-loss, in the event the trade goes against you. Also, please be sure to check earnings dates for any and all of your holdings.  

1. AMGN 
2. CAT
3. CELG  
4. GS
5. LNKD 
6. LVS 
7. MGM 
8. STT  
9. V 
10. WYNN 

Please click here to continue reading

In the event we see a further rally this week, here are some actionable long ideas which are heavily-shorted.

Please click the screen shot below for a larger view of my “12631 FINISH HIM! SHORT KILLER SCREEN” inside The PPT. Obviously these stocks are going to have the highest percentage of shorts and, according to the algorithm, are set up well to squeeze further.

If this bull goes buck wild, this is a great idea screen.

Members can click here to view and save it.

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In front of the ECB, both JWN Z are long ideas on further strength, both distinguishing themselves from other charts in the tape with their impressive price action of late.

Drop me your top tickers overnight.

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If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Enjoy tonight’s video, and enjoy your evening. 

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