iBankCoin
Joined Jan 27, 2008
6,891 Blog Posts

A Weekly Look At The US Stock Market

Here are the leading industries in the US stock market last week, all sorted by the weekly change in our Exodus score. Biotech is trying to regain some of its mojo, which is a good sign for the bulls, and airlines continue to top the list:

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As for what traders were buying last week? Here are the strongest individual hybrid moves week over week. Exodus members should review this list every weekend to find a few hidden gems. I’m liking the highest mover last week, $BLUE, for continued strength this week. I’m also a fan of $GRUB here. Members bookmark screen HERE.

Last week’s big winners:

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$COMPQ – NASDAQ Index (Weekly Chart):

Price action continues to grind higher, well within trend. The Slow Stochastic are starting to roll over on a weekly timeframe, but price is the only thing that pays.

Let’s make it a good week guys.

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A Look At The Top 100 Ranked Stocks Inside Exodus

Here is your weekly look at the top 100 ranked stocks inside Exodus. This week, I did not use any volume filters or free cash flow metrics, giving you a pure look at the Top 100 stocks currently inside Exodus.

I’ve narrowed this week’s list of names down to my favorite setups. Here’s what I will be watching this upcoming week:

For those interested in the full screen, with all 100 charts, it can be found HERE. Also, please note that the full list is sorted by volume not the actual ranking. Exodus Members can view the actual rankings HERE.

$SYX takes the number #1 spot this week.

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“Pharma Bro” Martin Shkreli Found Guilty Of Fraud

You guys remember $KBIO? How about Daraprim? The drug he raised from $13.50 to $750.00. They finally got Mr. Shkreli for fraud today, but judging from the video below he looks pleased with the verdict.

A jury has found Martin Shkreli guilty on two counts of securities fraud and one count of conspiracy to commit securities fraud, and not guilty on five other counts, in a trial that centered on the former pharmaceutical executive’s management of two hedge funds.

“We’re not 100 percent pleased, but we’re 90 percent pleased,” Brafman added.

Speaking to the press after the case, he referred to the trial as a “witch hunt of epic proportions.” Watch the clip from CBS News’ Twitter below:

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A Few Names Ready To Squeeze Higher

Here are a few names worth watching here, all of which popped up on my Exodus “squeeze” screen. To make it to this screen the stock must be in the top 20% in rank, meaning it must have a strong combined fundamental & technical score. The stock also must be “up” greater than 2% on the day, we are looking for momentum. And, the stock must have a short percentage of 10% or greater, adding fuel to an already up-trending stock.

For those inside the Exodus trading room, you may bookmark this screen HERE. For the unwashed, here are a few names on my radar.

GLUU – This one has been on my screen for a number of days and show no signs of slowing down. If you zoom out to a weekly chart you can see the potential here. We are in breakout mode, looks for shorts to cover:

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BITA – Another one that has been popping on and off this screen. This one is more of a gamble here with earnings in front of us, but the technicals are ripe for a squeeze:

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ESV – If oil can break back above $50, watch for this one to break above the 50 day moving average to ignite the squeeze:

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CF – The Ag complex has been heating up, and this is ripe to run. Watch for a red to green move with strength in the industry:

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Let’s see if the bulls can run a few of these names. Developing…

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What’s More American Than Eating Pizza And NOT Working Out?

How about eating pizza while you workout? Apparently, you can with a membership to Planet Fitness, ticker symbol $PLNT. This is the Netflix of gyms, memberships fees so low there’s no need to cancel, AND you get free pizza on Mondays.

There are so many things wrong with the culture of this gym, including free Tootsie Rolls daily,  but I guess that’s why it works. I know a group of investors who own several franchises of $PLNT, and their numbers are pretty staggering.

I also like the way the technicals are starting to stagger up and to the right, as well as an increasing short position. The stock is also moving up in rank inside Exodus, breaching the top 250, can you say squeeze?

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Watch for a breakout here for $PLNT. I like it on strength for a trade.

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Wins and Losses

Wins and losses come with this game and in order to be successful in this market you have to stay head strong. There’s nothing more frustrating than doing all the work, getting it right, only to have it taken from you in seconds. That pretty much sums up life as a trader, and my day around lunch time.

Luckily, in after hours, two of my positions are stomping shorts sellers on their latest earnings reports: $BIDU & $FSLR.

As for other trades we were watching on twitter this week. $TSLA = sold for a nice gain, $LITE = Escaped with profits yesterday, $VEEV = took a loss today, & $VRX I’m currently still long. (All noted inside the Exodus trading room.) 

I’m headed out to Florida for the weekend to get these kids out the house one last time before school starts. I’ll leave you guys with one of my favorite screens inside EXOUDS, I call it, “The Buy List” (Members can save screen HERE):

 

 

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