I am a firm believer in the power of momentum in business and life. When you get traction and start making progress, it behooves you to push said progress as hard and far as you possibly can because once you return to a static state–back to the grind you go.
And we love the grind sure, because we have to, because it’s the potential energy behind your next momentous push. You create the compression and wait for nature to produce an opportunity. The same goes for stocks.
You may have been involved in the morning drive higher on the NASDAQ if you were quick. But we had a fairly strong expectation that said upward movement would fizzle out, leaving any late longs holding to proverbial bag. Guys like me were fading the market lower all afternoon, grinding away like chumps for 5-10 handles, which is fine. That’s my game. But there is a better play out there for the stock trader.
Enter Exodus. We have a special screen inside the software that feeds members stocks on the move and holding onto gains…suggesting the presence of accumulation and momentum. Pull up an intra-day chart on almost any of these names and you will find a chart that trended higher all afternoon:
Those are just the top performers on the session. Dig deeper in the list you’ll find even more afternoon momentum:
You could be taking shorts to pound town in the afternoons via the Exodus Momentum tool.
Business is grind grind grind nothing, grind grind grind nothing, grind grind POOF! MOMENTUM! It just appears, and when it does you have to milk it for everything its got. You think I’m messing with you? See for yourself. Bamboo is a perfect natural example. It spends about 3 years underground, grinding, then all the sudden:
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Didn’t ancient Chinese people use to torture people by strapping them down and letting bamboo grow through their body.
I’ve never heard that but I can imagine that’s what it’s like to be on the wrong side of a short sale.
Nice.
Your bamboo video led me to this pretty cool Ted talk –> https://www.youtube.com/watch?v=kK_UjBmHqQw
Veey cool, makes me want to visit balì