LOCO earnings coming up after the bell. Who is playing it, and how?
Another grinding day in the tape today. More in my video market recap after the bell.
See you there.
Comments »
LOCO earnings coming up after the bell. Who is playing it, and how?
Another grinding day in the tape today. More in my video market recap after the bell.
See you there.
Comments »
It is still quite early, in terms of a potential false breakdown/tradable rally in the precious metals and miners.
But Silver Wheaton, seen below on the daily timeframe and arguably the best miner out of all of them, is following-through higher nicely today after yesterday’s reversal off the lows.
Let’s see if the confirmation continues. Earnings are 11/12.
What are you trading this afternoon?
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Comments »Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.
I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.
Members can click here to view and save the screen.
Sorted for at least 500,000 shares of daily average volume to ensure liquidity.
Please click on image to enlarge.
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Comments »Well, coal miners that is, namely Walter. Precious metals miners are bouncing, too, and offering high beta trading.
If yesterday’s lows hold on the gold miners, the many “inverted hammers” printed yesterday on the daily charts point to a tradable bounce. I also have the actual precious metals themselves on watch.
As for equities at-large, it is another lethargic morning where the Draghi QE faded like a puff of smoke (and mirrors).
It is still early, though, and Tesla is firm after earnings, not to mention WFM.
I suspect the IWM under $115.30 would unlock more selling today. Otherwise, I expect choppy action.
Comments »I want a breakfast sell-off, too.
But your top watchlist ideas this morning will suffice.
Comments »For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.
In addition, anything else about the current market, feel free to drop below.
Speak your mind, night owls.
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