Update: PPT 3.00 Overbought Indicator

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?

ppt301

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

Late Night Seasonality

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

Food For Thought

The PPT‘s Overall Hybrid Score, as of yesterday’s close.

pptranges3

NOTE: I am 50% cash into the bell and it’s killing me.

Swishy, Swashy, Swishy, Swashy

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.

pptranges2

Update: PPT 3.00 Overbought Indicator

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?

ppt301

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

Late Night Seasonality

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

Food For Thought

The PPT‘s Overall Hybrid Score, as of yesterday’s close.

pptranges3

NOTE: I am 50% cash into the bell and it’s killing me.

Swishy, Swashy, Swishy, Swashy

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.

pptranges2

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