Category Archives: ppt

Update: PPT 3.00 Overbought Indicator

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As you know, the market has blasted through our overbought readings, in recent weeks. Lending credence to the old saying “nothing is full proof.”  Being that we just registered another 3.00+ score on Wednesday, my question to you is: are you feeling lucky, punk?

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NOTE: Remember to tune in tomorrow, at 8:00pm, for a new Fly episode, titled:  Brimstone, Young Man, Brimstone!

Late Night Seasonality

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I made reference to one energy name on The PPT today, with unique seasonality trends. Here is another.

QUALCOMM, Inc. [[QCOM]]

Month Avg Return Years Up Years Down Days Up Days Down Days Unchanged Variance
January 3.086% 11 8 196 183 11 -0.24
February -3.089% 7 12 188 154 10 -0.24
March 12.755% 17 1 182 200 13 -0.4
April -3.163% 7 11 196 164 11 -0.14
May -0.528% 9 9 190 171 18 -0.26
June 4.883% 10 8 180 185 19 -0.6
July 4.488% 11 6 191 169 21 -0.21
August 2.415% 10 6 193 186 16 -0.02
September 4.089% 10 8 176 177 12 -0.18
October 3.089% 10 8 183 202 13 -0.08
November 8.222% 13 5 159 197 11 0.12
December 1.735% 9 9 194 168 20 -0.47

Swishy, Swashy, Swishy, Swashy

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What a beautiful day.

I reduced my position in Cummins Inc. [[CMI]] by another 25%, leaving me with half a position. I will sell the remainder above $60. Also, I added to and initiated positions in a number of names, like [[CBD]] , Brocade Communications Systems, Inc. [[BRCD]] , [[TAN]] and Visa Inc. [[V]] .

The bears have been routed. Now it’s time to raze the conquered cities and loot it for all of its worth aka “rape and pillage.”

Disclosure: Long, with great vigor, into the bell. “The Fly” wins again.

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