100+ Easy Points To Go

I think we have about another 100 points in the tank before the bears get really aggressive and start claiming for a double top. It is worrisome to be long this market after the run we have had, but I have reason to believe we still have more shorts to squeeze. Lord forbid we get above 10,730, for the bears. I told you we had a big move coming, and I still think it’s higher.

Here is a screenshot of my favorite long screen inside The PPT, a bunch of airliners popped up early this morning, and sure enough it has been the hottest industry today:

Notable Calls: Here is a fun tidbit on FSLR

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First let me say that the March Madness tournament is a thing of greatness. I look forward to the tourney every year, and it pains me to be knocked out in the first round. It is such a tough game to play, as scores reset every week,  but it creates a level playing field for everyone (which is one of the reason I love it).

I was knocked out in round one to Mr. PoPimp, but unlike many, I had coin behind my pick. And, today I feel like a champion.

Research In Motion Limited (USA) [[RIMM]] was upgrades today, causing a beautiful technical breakout, one that I’ve been pounding the table for weeks. I would love to see a pullback to $72, which is a point I would load the boat, but we may never get there, as this puppy is in the process of a gap fill.

Outside of iBankcoin, business is booming, so I apologize for the late posts. I’m just starting my homework, but I’ll be sure to share my results here and on The PPT.

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Behold: The Sweet Sixteen

Asia is ripping higher and futures are positive, it looks like the bull stampede will continue. I’m about to begin my scans and will list a few chart setups in the comment section, stay tuned.

Here are the results from one of my favorite screens inside The PPT. PPT members click here to save screen:

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And, I think the odds favor the bulls, aka the government.

Let’s take a look at the leader of the Market, Goldman Sachs Group, Inc. [[GS]] . This has been one of the great tells in the market, and as of right now, the stock is breaking out. Notice the move straight through the 50 & 200 day (very bullish):

If the bulls really get running after the jobs report, Citigroup Inc. [[C]] might not be a bad play here. With the stock trading right above the 50 day moving average you have a clear exit plan, buy here and set your stop below the 50 day:

And, if it looks like the bears take control, it might be worth a shot to take down some puts in American International Group, Inc. [[AIG]] . The stock failed to close above the 50 day moving average today, and on weakness this one has some downside.

Note: For some reason Freddie Mac [[FRE]] & Fannie Mae [[FNM]] are popping up on a few of my screens so keep an eye on them– more government fuckery I’m sure.

And, if you sense a stampede coming by the bulls, here are my top short squeeze plays courtesy of The PPT:

Here’s an update on March Madness, it looks like we will have a great matchup between JakeGint & ChartAddict next week.

And, as always, find other stocks I’m watching inside The PPT.

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Currently the futures are down a bit, and I do expect some overall weakness tomorrow in light of the jobs number on Friday.

Looking at the overbought readings inside The PPT, one can’t help but to look for short setups. However, stocks can still move higher here, so I will highlight a few that I think can move higher. And, for just looking for the short setups, I have a few listed inside The PPT.

Here is Allen’s pick from the March Madness tournament. He did not make it to round 2, but I think his pick in GenVec, Inc. [[GNVC]] is ready to explode higher.

I like the idea of buying above long time support @ 2.44, while simultaneous placing a stop right below that level.

Next on the watchlist is [[OCNW]] , Hpuma, a gentleman inside The PPT, has been all over this name and I will be watching to see if it Can breakout of of this bull flag formation.

Keep an eye on Parker Drilling Company [[PKD]] , I’m a buyer on strength:

Venoco, Inc. [[VQ]] is another name to watch on strength:

And, as always, don’t forget to watch your Research In Motion Limited (USA) [[RIMM]] :

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The first is Market Monk’s stock of the year, [[LIWA]] . This stock broke out above the 50 & 100 day on heavy volume,  I like the idea of getting long here with a stop below the 50 day. And, for those that don’t know, Market Monk has a great track record and has won the last two contests. This could be a good long term hold.

Next up on our list is [[CCME]] . A bunch of traders have been all over this stock and it looks ready to ramp higher. Here is a great read by Super-trades. I like this one on strength.

Next is another China name that popped up on one of my screens inside The PPT, [[CGA]] . The stock managed to close above the important $15 dollar level along with the 50 day moving average. I like the idea of buying it here with a stop below $15.

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