This week’s momentum scan looks a little different from previous momentum scans as more and more inverse ETFs pop up on our list. $SQQQ was one of the top tickers on Monday’s scan and I decided to take a stab at it. Have a look at today’s momentum screen HERE.
Besides the inverse ETFs, here are some individual names I like from this weeks’s screen. Like Gold? $GDX, the miners look ready to breakout, I’m watching for a move above $31. $PAAS is flagging for your silver lovers.
How about that $SDGR? A name I highlighted last week finally saw a big breakout, after a nasty little shakeout to end last week, and continues to make the Monday scan. $LYFT is even showing signs of life, but needs to stay above $30 for me to get behind it. And, $SMAR saw a nice breakout on Monday, but I have a hard time getting behind it up here.
The signal is here for Q, and it’s $SQQQ, until I get squeezed out. See you guys at the open…
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I got shook out of SDGR last week. Tried to trade it a few times and haven’t been able to get the timing right on that one.