Go Long at 2.20

Inside The PPT, we have what’s called an overall market hybrid score. This score has been very useful for spotting bottoms and tops, but specifically bottoms. Since the inception of The PPT, a 2.20 reading has marked a short term bottom in every occasion, and at which point would be a great spot to buy call options in the [[SPY]] .

It’s no question that we’re in a bull market, so a strategy that I’ve been holding on to is: buy in the 2.20’s and bring out hedges near 3.0. This strategy allowed me to effectively leg into a [[TZA]] position, and take shots at American International Group, Inc. [[AIG]] via puts.

Right now, I want to see more weakness before I buy. I want to see the hybrid score drop into the low 2.20’s, before I dip my toe in.

Look, today hurt for many, but on days like today it helps to have a hedge. If you were caught with your pants down today, let this be a lesson: In a bull market, hedges come out at 3.00, you back up the truck in the 2.20s. Get your truck ready.

Get ready to spend a gold brick every time you fill up at the pump…

The deepwater horizon incident is incredibly bullish for oil prices. Projects throughout the Gulf have come to a standstill as oil continues to gush by the barrels. Let’s couple summer driving season with Hurricane season, and you have a perfect storm for oil prices.

With higher oil, comes higher natural gas prices, so I’m looking forward to seeing a breakout in SandRidge Energy Inc. [[SD]] :

Fly nailed a few oil spill plays inside The PPT, one of which is Newpark Resources, Inc. [[NR]] THIS ONE IS GOING HIGHER:

Here is one I’m watching for a BTFO, Allis-Chalmers Energy Inc. [[ALY]] :

With higher oil, comes higher demand for solar. I am long Suntech Power Holdings Co., Ltd. (ADR) [[STP]] , Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]] , LDK Solar Co., Ltd. [[LDK]] , & Energy Conversion Devices, Inc. [[ENER]] . Here are two charts to watch tomorrow:

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Inside The PPT, one is able to create custom screens and share them with the community. I have been playing around with the feature a lot as of late, and have found one that has produced a lot of my recent winners.

The screen is called “How to Bank Coin.” PPT members please click on the link and save the screen to your user profile. This will serve as a good starting point when you do your homework at night or looking for ideas throughout the trading day.

Here are the top 40 results:

Monday:

• The Andersons, Inc. [[ANDE]]
• Anadarko Petroleum Corporation [[APC]]
• Ascent Solar Technologies, Inc. [[ASTI]]
• BIDZ.com, Inc. [[BIDZ]]
• Boise Inc. [[BZ]]
• Denbury Resources Inc. [[DNR]]
• Eagle Bulk Shipping Inc. [[EGLE]]
• Flotek Industries, Inc. [[FTK]]
• Forest Oil Corporation [[FST]]
• Gaiam, Inc. [[GAIA]]
• Genco Shipping & Trading Limited [[GNK]]
• Harvest Natural Resources, Inc. [[HNR]]
• NVIDIA Corporation [[NVDA]]
• PetroQuest Energy, Inc. [[PQ]]
• [[RAX]]
• Rosetta Resources Inc. [[ROSE]]
• Sirius Satellite Radio Inc. [[SIRI]]
• Stone Energy Corporation [[SGY]]
• Texas Roadhouse, Inc. [[TXRH]]
• Titanium Metals Corporation [[TIE]]
• Vulcan Materials Company [[VMC]]
• Yamana Gold Inc. (USA) [[AUY]]

Tuesday:

• Archer Daniels Midland Company [[ADM]]
• Baker Hughes Incorporated [[BHI]]
• Chesapeake Energy Corporation [[CHK]]
• DryShips Inc. [[DRYS]]
• [[DPZ]]
• EOG Resources, Inc. [[EOG]]
• Evergreen Solar, Inc. [[ESLR]]
• [[LOPE]]
• Kinross Gold Corporation (USA) [[KGC]]
• Marathon Oil Corporation [[MRO]]
• MasterCard Incorporated [[MA]]
• NYSE Euronext [[NYX]]
• [[PEET]]
• Rex Energy Corporation [[REXX]]
• Sonus Networks, Inc. [[SONS]]
• Steven Madden, Ltd. [[SHOO]]
• True Religion Apparel, Inc. [[TRLG]]
• W&T Offshore, Inc. W&T Offshore, Inc. [[WTI]]
• YRC Worldwide Inc. [[YRCW]]

Wednesday:

• [[CLH]]
• Clearwire Corporation [[CLWR]]
• Devon Energy Corporation [[DVN]]
• Foster Wheeler Ltd. [[FWLT]]
• Garmin Ltd. [[GRMN]]
• GMX Resources Inc. [[GMXR]]
• Kimco Realty Corporation [[KIM]]
• L-1 Identity Solutions, Inc. [[ID]]
• ON Semiconductor Corp. [[ONNN]]
• Parker Drilling Company [[PKD]]
• Petrohawk Energy Corporation [[HK]]
• Qwest Communications International Inc. [[Q]]
• THQ Inc. [[THQI]]
• Transocean Inc. [[RIG]]
• Trident Microsystems, Inc. [[TRID]]
• Ultra Petroleum Corp. [[UPL]]
• Vonage Holdings Corp. [[VG]]
• Warren Resources, Inc. [[WRES]]

Thursday:

• [[ATVI]]
• Blue Nile, Inc. [[NILE]]
• California Pizza Kitchen, Inc. [[CPKI]]
• Crocs, Inc. [[CROX]]
• [[RST]]
• Royal Gold, Inc. [[RGLD]]
• SandRidge Energy Inc. [[SD]]
• STEC, Inc. [[STEC]]
• The Knot, Inc. [[KNOT]]
• Western Refining, Inc. [[WNR]]

Friday:

• ATP Oil & Gas Corporation [[ATPG]]
• Continental Resources, Inc. [[CLR]]
• Dendreon Corporation [[DNDN]]
• Dril-Quip, Inc. [[DRQ]]
• Hansen Natural Corporation [[HANS]]
• IAMGOLD Corporation (USA) [[IAG]]

Mr. R.W. has been working hard in efforts to prevent counterfeit iBC merchandise and memorabilia. In his efforts, he has created a thing of beauty, the official iBC store.

Do not fall for a knockoff, I repeat, do not fall for a knockoff, get the real thing here. For those yet to order your official iBC coffee mug, you may do so at the official site.

Here is a custom screen that I have created inside The PPT that screens for high volume / High hybrid movers. It identifies stocks on the move and often serves as a great watchlist throughout the trading day.

PPT Members, if you have not yet done so, save screen here. I have it labeled High Volume/High Hybrid.

Here are today’s results, it will serve as a good watchlist for tomorrow:

Look what happens when I sort by change in hybrid score, LDK Solar Co., Ltd. [[LDK]] pops up #1: