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RaginCajun

Curren$y

Taking a look at the Yen, via the $FXY, one could argue that the currency is fixing to BTFO– which in turn would be bad for stocks. However, looking at the Euro, via the FXE, the currency that got us into this mess in the first place, looks like it may have possibly put in a bottom.

$FXY

$FXE

So where do we stand? Will the correlation continue? Only time will tell, but it is worth noting the strength in both currencies. Keep an eye on FXY, above 115, and I’m sure the bears will come out to play.

JETS.

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Bangin’ Burritos

WSJ NEWS ALERT: China GDP Grows 11.1% in First Half. Who knew the world was growing?

Let’s see, option expiration week, possible oil spill cap, possible financial reform finalized, JPM Earning in the am, INTC reports best quarter in history. Can you say meltup?

Check out this Bangin’ Burrito screen The Fly developed in The PPT, members click here to save screen to user profile.

Solar 4TW!

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Futures Looking Bright, I got to wear shades, I got to wear shades

Option expiration week at its finest. Big swings in one direction as the Bilderberg men of the world get rich all over again. Lucky for me, I have The PPT, and it tells me when the buying will come to an end. And, we are not there just yet, but close.

Seriously, I am amazed at the accuracy of The PPT model. At first I was a skeptic, and stuck to my charts, but then I quickly realized that The PPT is not to be fucked with by men with charts.

On this last oversold reading, I bought some $SSO options to test out the model again, and sure enough I banked a cool 100%. Here is my SSO thread in the user note section:

This shit is so easy it is like taking candy from a baby. Matter of fact, I will train my new boxer puppy, Bella, to click the buy button @ 2.20, and sell at 3.10,  (in terms of overall hybrid score, for those unaware).

I’m sure Bella will outperform me, because I am stubborn and love my charts. So without further adieu, let’s get into a few charts.

With $INTC blowing away numbers, semis will be in focus, and solar just happens to be in the semiconductor industry. I’ve been in and out of names recently, as Obama and China decided to throw more billions to the industry, and there are a few I am looking to trade tomorrow.

Currently I hold $YGE, and it is my fav in the group. But, I will be looking to buy $FSLR, $SPWRA, & TSL if we see strength in the sector. Oil inventory numbers are released in the morning, so make sure to watch the price of crude, as it effects the way solar trades.

$FSLR, I like it above $132.50:

$TSL, if the group moves, this one will bust through the 200 day moving average sending the stock higher:

$SPWRA, buyer above $14.40:

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Where We Are

We are already undercutting the 50 day moving average on the $SPY:

The beauty of this recent move higher is the hybrid score, had you listened to The PPT, you would still be in stocks catching the whole move.

On my radar today:

Long:

$CEVA, $LSCC, $MSTR, $NLST, $VECO, & $RVBD

Short:

$BKE, $IOC, $JCG,  $PCX, $OMX, $IMAX, $HAL

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MoMo Shorts

What a slow day today as investors await $AA report. Today, some damage was done to a bunch of my individual bullish setups, but with a fresh batch of earnings around the corner anything can happen.

One of my favorite screens for identifying short candidates is the MoMo Short screen, PPT members can click link and save screen to their profile. Here are today’s results:

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Top Industry

Here are the top industries ranked by The PPT Hybrid score:

Here are the top movers based on the weekly % change in hybrid score:

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