Five Stocks Giving You a Good View 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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To update the Twitter long trade I posted here yesterday, I sold out of a piece of my long at $34.91 just now ($31.81) entry to lock in some initial gains. I am now seeking to add back to the position if the stock bases out or pulls in some intraday or tomorrow.

On the hourly chart, below, note the potential gap-fill if the stock can clear $36.10. There is also this morning’s little gap below, too. So, I figured with these competing gaps in play now would be a good spot to lock in some fast, one-day gains.

I still have a piece of the position on due to my profit cushion from the $31.81 entry.

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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. 

 As gutsy as it may seem, given how seemingly broken the volatility ETF’s TVIX UVXY VXXcan trade, I view any further weakness this week in the VIX as setting up a buying point into June for a long swing trade. 

Looking at the multi-year chart of the actual VIX, even in bull markets, the 2003-2007 bull as well as the current one, moves down below 11 on the VIX typically set up at least short-term buying opportunities in volatility.

The VIX is usually known to measure the amount of “fear” in the options market, with a low VIX typically meaning a lack of fear and a high VIX, above 20, indicating an uptick in fear. 

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Here are some actionable short ideas on this list, especially if the market sees another day of weakness.

Courtesy of The PPT algorithm, here are some very aggressive ideas for short trades headed into Friay. If you are not comfortable shorting (especially in a bull market), there is nothing wrong with taking a pass. Keep those cover-stops in place.

Nonetheless, a good chunk of readers are always looking for short ideas.

Members of The PPT can click here to view and save this “Titanic” Screen, as I named it when I created it a few years back. The screen isolates stocks vulnerable to further weakness.

Please click on image to enlarge 

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On weakness down away from the declining 50-day moving average (dark blue line), let’s stalk Citi for a short tomorrow on an overall still-damaged chart.

And on the long side, keep an eye on JO UNG for further strength.

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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