Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Late Night Summary of Current Central Bank Board Game


The QE Baton is being passed around, indeed.

Headed into Thursday, I am still stalking shorts on weakness such as AMZN F GM, REITs and financials.

On the long side, coals and even precious metals may be ripe for quick flips on any strength.

Drop me your top tickers overnight.

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Stock #Market Recap 11/05/14 {Video}

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. 

Direct Vimeo Link Click Here

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A Musky Dusk Approaches


After the bell today, both Elon Musk firms report earnings, TSLA and SCTY.

SCTY has been weak for a while, but the reaction to Tesla could easily be a good indication of how marquee leaders in the tape how will fare going forward.

I continue to test my biotech short and a few other positions out with a close eye on the exits, given the market’s erratic nature of late.

More in my video market recap after the bell.

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Planning a Short Trip on Priceline


I am testing out a short in PCLN here, noted in 12631 just now, at $1,091.21 with a loose mental stop over $1,200. This is a 1/2-sized, starter position and I will only add to it if the trade works in my favor.

As I noted earlier this week, the stock is threatening a multi-year topping pattern after having been weak for several months now.

The latest bounce into earnings appears to amply have set up the next leg down, seen on the weekly chart, below.



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Five Stocks Unlocking Today’s Market


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 Ebola Story Unfolds


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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