The Very Best Charts

This weekend I decided to queue up a quick screen to find the very best technical scores within the Stocklabs software. Below you can find my findings, which some may surprise you. We’ll start of with JNJ…

Despite giving people cancer the stock still has one of the best technical scores around. And, if you’ve been looking for alpha the last few days as the market declined, JNJ was the play:

The banks also have had a few good weeks, and I was pretty surprised to see $WAL with a tech score greater than 4. $BAC also made the list, along with $SUPV

Oil was the standout in this weekend’s screen as hurricane season is just underway. I believe there is an area of interest right now that might land inside the Gulf and possibly halt production. Whatever the case, here are some good looking charts within the industry:

Indeed, their has been a rotation out of tech and into banks, oil, and staples. For the current full list of top technical scores, I’ve imported the list to finviz for your viewing pleasure: CLICK HERE

Member can bookmark the top technical scores HERE.

$HOOD is back on scan this morning and worth highlighting due to it’s massive volume profile. Before we get into the chart, here are some of today’s movers experiencing above average volume:

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Now back to $HOOD, which we know is trading above average volume thanks to the scan above, shows a massive volume void that could potential take this stock to $33/share. It’s just now getting into open space, and worth watching every time it lands on scan:

The large caps are on the move this morning thanks to a favorable CPI number. Many of the names we were watching are finally breaking to the upside. META finally gets through $300 and is sprinting, $BABA looks like a slam dunk for the $100 roll trade, NVDA is tearing apart any short seller who bets against it, and $GOOGL looks to be just getting started.

I took some $GOOGL options this morning. Good luck trading all…

$RBLX is on the move this morning breaking some key levels on the charts. There is a nice volume pocket above that could suck this stock higher, closer to $60-$70. But, for now let’s enjoy the above average volume day, and fill the gap to the upside.

Long $RBLX 

LYFT is back at on scan this morning, and was on top of the watchlist coming into the week (see last post). $NIO also made it to scan this morning and i bought a bunch of calls based on the technicals. The $RIGbros are currently witnessing a massive breakout, that could just be getting started.  And, $CVNA — GG to the short sellers.

Good luck trading today fells:

Going through my weekend scans this morning its clear to note that oil and gas names captured the momentum Friday. $SLB had a monster breakout as did many within the oil equipment and services industry. $EOG, a premier integrated, also looks poised to run here if oil continues it’s turn into hurricane season.

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Other than the oil and gas, here are two names from scan I’ll be watching this week: $PDD & $LYFT. For those interested in the weekend momentum scan, it can be found HERE

Have a good weekend all!