Sunday, December 4, 2016
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
14,832 Blog Posts

A Thanksgiving Gift: My Daily Summary Inside of The PPT

Here is tonight’s take on the markets, purely from The PPT‘s viewpoint.  I write this summary of the days events daily inside the club, aka The PPT, and offer the lot of you a small hole to peer into, considering the holiday season and all.

A great man once said “you owe me.”



Last week’s SPY and QQQ oversold signals worked almost to the exact day. It was discussed, ad nauseum, that the market, according to The PPT, should be higher by Tuesday or Wednesday of this week, based upon the 5 day hold principle. Moreover, I pointed to AAPL, and SVXY OS signals as de facto overall market oversold points. Well, the pressure gauge went to the extreme and recoiled fiercely today in grandiose fashion.

It was an 85% breadth day, with just 2 out of 196 industries below 50% breadth. Amazing.

There were 88 industries that gained more than 2%. It was a short killer day.

Small tools and accessories is the #1 ranked industry, led by SWKSSD and SNA.

Interestingly, bonds had a big day tooXAA is the number 1 ranked ETF. XIV popped, validating yet another OVERSOLD signal, which was registered on 11/15 at $15.93.

AAPL was flagged OS everyday since 11/8, with the stock ranging from $527 to $558. With today’s 7% move, every OS signal was validated.

What is The PPT saying now?

The Overall Hybrid overbought level is 3.23 for the 3 month algo, which is comfortably higher than today’s closing score. It’s also worth noting that there weren’t any significant overbought signals in the macro ETF land tonight, with only three of minor interest: WOOD,CORN and HAO.

There are over 400 stocks flagged Hybrid Overbought on the 3 and 6 mo algos and 379 on the 12. Overbought stocks of note are: FTKENRGSLNKDANF and FOSL. Keep in mind, most of these stocks start to show weakness after the 3rd day of being flagged OB. Therefore, it is possible for them to stay flat or run higher until early next week.

Fly’s Lab produced 34 picks. Some of note are BODYCEVAQSIIKCG and SYNA.

Heavily shorted stocks, with very high technical scores, breaking the 20 day moving average are COLMDINPRAACALMCHE and RGR.

Stocks under $5 with big daily hybrid moves include ACADAMRSTHLDRMBS and MTG.

What can move next? Let’s have a look at today’s laggards that were beaten to death over the past 1-2 weeks.

Criteria: 1 week return under -5%, daily change less than flat, market cap over $1 billion with average daily volume over 500k.

Here are the results, sorted by cap.

Standouts include AMXBIDUSNDKKLACAKAMBBY and RYL–just to name a few.

If I was a betting man, the safest bets will be stocks with mammoth short positions, breaking out with technical scores.

Here are heavily shorted stocks with technical scores over 3, primed for squeeze.


And here are  heavily shorted stocks with technical scores under 2, not primed yet, but can get there if this run continues.


Lastly, here are some large cap stocks down more than 10% over the past two week that leapt in Hybrid Score today:  WFTNYXBTUJOY and NVDA.

Bottom line: It was a much needed respite. Mostly everything traded up big and now the market has to prove that it is serious about moving higher. I’m not focused on industry breakouts yet, because it’s only one day of upside. However, I am sticking to my belief that silver will outperform most industries, due to temporary reflation, and will look to rotate out of EXK into tech or cash as the rally matures. The PPT validated all of the oversold signals from last week and does not point to any imminent danger in the markets. Purely from a observers standpoint, this market looks like it wants higher, before it can figure out how fucked up the world is right now.

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  1. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Today was unhealthy, the market is stumbling around on toothpick legs. The bigs are trying to suck the last of the retailers into the fake reality of profits without pain…

    • fake amish

      Agree with the weakling tape. This fucking thing is as retarded and pyschotic as a fake native american. Thrash then die. May be the clam can spew a mini blow off promising dicksuckers endless extra ebt credits.

  2. @gravestonedoji

    Fly’s synopsis inside PPT each day is of the highest grade.

  3. Marc David

    Gobble Gobble

  4. SILVA

    Here are the stats on how well your silver is going to perform, given the commercial net short position is at a high (50,000 contracts)…

    “I have been using this insight to call tops and bottoms since I learned about this connection earlier this year, and time my silver purchases accordingly to buy the dips. When the Kitco boards were full of posts about silver going to the teens in June 2012 when silver was $26.xx, I was saying to buy with both hands, because the Net Commercial Short position was at a 10-year-low of near 10,000, and I reasoned that it couldn’t possibly go any lower. Similarly, when silver moved from 28 to 35$ from Aug – Oct 2012, I posted that this rally was a head-fake, and that it wasn’t supported by the Commercial Net Short position, which was (and still is) sky-high at around 50,000 contracts. We’ve gone as low as $30.xx since then, and I think we still have a few dollars to fall before this particular Sheeple Shearing Cycle concludes and another begins, most likely near the end of the year, or early in 2013.”

  5. fake amish

    Where the fuck did all the dicksuckers go? Seriously it is happy days. There is nothing to fear but taxes. No problem girls, right?

  6. RNB

    Wow, that is some of the best writing I’ve seen on this site without profanity. Easier for the over 40 set…

    Seriously, if this is what PPT is about, maybe change biz model, offer a free trial for a week or two, especially during times where you think calls will be correct. Free trials is the only way I’ve signed up for service b4 (Zanger/McClellan/alphatrends/Gilmo) and each of those got a year of business from me out of the effort. Make it a cancellable offer, 2 wks free, changes to paid automatically.

    • The Fly


      I don’t believe in free trials. There are no free passes in life and I’m not desperate to the point of groveling for business.

      If one would like to test it out, I suggest a monthly subscription. For all the time and effort that went into building this tool, and the work I put in daily, it deserves that, at a minimum.

      Thanks for the input.

  7. Heaterman

    Been looking at WFT down here too. I don’t see any reason for it to trade as low as it is right now.

  8. TaoOfPatrick

    I followed chess and then followed the fly on twitter.I knew they both had their shit together.I join fly one month lost on first trade,Hit on second and third.It paid for Subscription in full to fly & chess for a year & extra dry powder.How did i get my free trial…I EARN IT!