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Short Squeezes & Earnings Releases

Well, it should be another fun week ahead, full of short squeezes and earnings reports. $NVDA is the big one this week as the company reports after the close on Wednesday. Here are this week’s most anticipated earnings releases courtesy of Earnings Whispers.

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As for the MEME craze, $HOOD appears to be the clear winner as things get active in all things memes, including crypto. $HOOD has a nice thin pocket above when zooming out into the volume profile. It’s easily a top pick here:

HOOD also made the weekend momentum scan. For those that feel like doing some chart surfing, the momentum delta scan (imported from Stocklabs) can can be found HERE.

For your daily short squeezes, Stocklabs members can bookmark this scan to view in real time: BOOKMARK HERE

And, dont forget to keep an eye on silver here. Big Breakout on Friday:

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Tickers To Watch Instead Of The Eclipse

What an eventful week ahead of the Eclipse with multiple Earthquakes reported. So many theories going around the “Tick Tocked” you would swear it’s Y2K all over again except with the sun. I will not be viewing the Eclipse, but know a few who are going to watch the spectacle. Instead, I’ll be watching stocks as I always do and have more interest counting the days down before the Bitcoin halvening.

Here are a few tickers to watch this week from the Momentum Delta Scan inside Stocklabs: CLICK HERE FOR CHARTS. $NFLX & $META reign supreme and are on top of the scan, along with $GE– all have been on an absolute tear.

$SE has been showing signs of bottoming and looks good here, as does $SQ. $S seems like a good play here. And, there are a number of small plays to watch from scan this week: $GERN, $INDI, $ESPR, $CGC, $CXAI, & $XXII.

My crypto bed has been set since August of last year, and is up another +60% to start the first quarter of 2024. All noted inside Stocklabs.

And, now the Gold and Silver miners looks ready to catch up here. The miners were scan heavy this past week and are starting to break some significant levels.

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$NVDA Continues To Dominates Scans

$NVDA took the top spot on our Stocklabs scan Friday, and looks poised to trade higher this week. Do we finally tag $1000, or begin to pullback?

The cannabis names also hit the scan early on Friday and ran all day due to legalization in Germany. $FDX crushed earnings leaving little hope for the bears. And, Powell says interest rates have peaked, but he’s not quite ready to lower yet.

With the bulls out in full force, I see little on the scans I want to buy. For a look at the momentum scan in Stocklabs, I’ve imported the scan to finviz for your viewing pleasure: CLICK HERE FOR CHARTS

Some setups I’m watching this week include:

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Inflation Data Looms

It should be a pretty big week this week after we saw a mini flash crash in $NVDA on Friday. Bitcoin also touched $70,000 again over the weekend, but just didn’t have the gusto to stay there. Now, we have some data to sort through on Tuesday. Should inflation come in high, it could spell trouble for stocks and the crypto-currency market. My guess is “they” want rates lower no matter what and will find a way to fudge the numbers even though I’m paying a car note at every grocery trip.

This market deserves to die, but that’s neither here nor there. We have to trade what we see, and what I see is $SOXS on top of my scan. Here is the weekend scan from Friday: CLICK HERE FOR CHARTS. If we don’t landslide lower, I’ll be looking to trade a few of the names below:

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Breaking SOUNd Barriers

Happy Monday all. I was unable to get my weekend watchlist up yesterday, but we sure had a good day with the #delta scanner inside Stocklabs. $SOUN finally paid today, after a week of digesting the NVDA investment. Crypto, and the BTC miners, had a phenomenal day. And, the Volume Delta scan caught two small runners: $OCEA to start the day and $SRTC to end the day.

Inside Stocklabs, I made a call in August of last year to buy crypto-currencies and moved a significant amount of capital into my crypto accounts. I track the investments inside the Stocklabs, and the $100k account has doubled inside of 6 months. Today the account was up a cool +724BPS alone. Indeed, it’s a great day to own Bitcoin.

Enough about prior gains, we want ideas to make money this week, so let’s get into some scans. This week is a heavy week for economic data, so expect the unexpected. The market closed on the lows, and now looks ready to fill some gaps to the downside. That said, even with the market closing on the lows, there was still good action in stocks. Indeed, we have a stock pickers market.

Now for my favorite scan to do homework, the momentum delta scan. On the other side of iBC, Stocklabs, members can save our this scan HERE. Non members can also view the scan, I have the tickers imported to finviz HERE.

From tonight’s scan, here are some tickers to watch this week: HOOD, SOFI, CHWY, XPEV, RIOT, IONQ, WULF, BTBT, RGTI, QBTS, & NNOX. QBTS has a similar pattern as SOUN, so keep that on your radar, as well as the other company Nvida invested in, NNOX. SOFI also looks ready to break higher. Those three are on top of my watchlist.

Good luck trading the week fellas. Monster day to start the week….

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Happy President’s Day…Here Are Some Stock To Watch

Good afternoon, and Happy President’s day. I hope many of you are enjoying a day away from the markets, I know I’m not. While I have some time today, let’s go ahead and look at some setups to watch for the upcoming week. The following names all come from the Momentum Delta scan inside Stocklabs. Members can view and save scan HERE.

First on our list is $HOOD. There have been a few tweets going around over the weekend with bullish takes on $HOOD. Apparently, many are finding out that the company has no debt, and a massive cash pile to the tune of 6 BILLY, while sporting a marketcap of 12 BILLY. I expect, after a bullish beat on earnings, that momentum continues this week as it starts to fill in some volume voids left on the chart. I like this one enough to buy strength, or a dip:

Next on our list is $XPEV, a Chinese auto play. China has been showing signs of bouncing, but so far has yet to have any meaningful moves. If we do see strength within China this one can move fast. Again, all of the names come from our Momentum volume scan, which tell us that the volume pattern is changing and above average. I would watch for a squeeze here on strength.

CLSK is probably my favorite Bitcoin miners here. While it’s true I sold my position after a massive 300% move, I will be looking for another entry here. If we take out highs, with a breakout in Bitcoin, that will trigger a buy, or I will simply look for a dip to add here.

ENVX looks like an old fashion breakout on the way. I would look for strength here accompanied by volume to place a trade here. Setup looks sweet below:

TSHA looks like we got a retest of a breakout last week and a big move on Friday. Let’s see if this one continues and pushes past $2. It was scan heavy last week:

NNOX is a blast from the Covid past, this one can move and FAST. Last week we got word that Nvida is an INVESTOR in the company. Ideally, I would like to see this one flag out, consolidate its move from last week, and trade up and out. It’s on my radar for a momentum push higher:

$RGTI is one of these small computer hardware plays that loves to trade on AI hype. I don’t know much about the company here but I do know it has been flagging on scan all last week:

$BMR –  This is your momentum name. This one can trade 50% lower from here, or 50% higher. You guess as is good as mine. What I do know is this name has made our scan and has consolidated it massive candle, lets see if we can get another push higher this week. Note: HIGH RISK:

$ICU – another high risk play that looks to break resistance here. Scan heavy and potential FDA approval here. However, no approval and this one goes back to a penny stock. High risk play:

$HKIT – Just another small bomb to watch for momentum. Again, high risk here but on scan.

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