iBankCoin
Joined Jan 27, 2008
6,922 Blog Posts

Today’s Top Movers Inside Exodus

Here’s a look at the top hybrid movers inside Exodus. Note, these are not the top percentage gainers on the day, these are the top gainers in “Hybrid Score”, aka the secret sauce to Exodus.

I’ve imported today’s screen to finviz for your viewing pleasure: CLICK HERE FOR CHARTS. Tickers of interest include: CLF, GM, SNAP, CRM, COF, ATI, & YELP

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The Fight For The 50 Day Moving Average

The S&P 500 has recovered the 50 day moving average today, but is holding on ever so slightly. The Russell 2000 index has also recovered the 50 day, leading to a more bullish case.

Bulls need to push us higher here into week’s end to make a statement. A weak close will lend a hand to the bear case, as the 50 day continues to create resistance.

Let’s see how they close us today. We should have confirmation on future market direction in the next few days. Today’s close is important. Developing…

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Tesla Recalls 53,000 Model S and Model X Cars

There is news hitting the wires that Tesla, stock symbol $TSLA, will recall over fifty thousand autos for brake issues. The story is developing, and TSLA shares are taking a hit here, yet still holding $300.

I’ve been looking for a meaningful dip to buy back into TSLA. Maybe this is the start of that dip. I doubt $300 holds.

Devloping…

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Oil Breaking Lower; Stocks Pullback

It was all green shoots just a few minutes ago until oil fell out of bed. Apparently investors did not like the inventory numbers and the commodity is breaking below some short term support levels. Have a look below:

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Let’s see if the bulls can regain some momentum intraday.

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Nintendo Releasing Classic Super NES Before Christmas

The only reason I bring this up is that Nintendo, stock symbol $NTDOY, is my stock of the year for 2017. So far the company is hitting on all cylinders starting last year with their mobile game Mario Run.

Following Mario run, the company released the Classic Nintendo, which was impossible to find for Christmas. Then, spring of 2017 comes around, and the company releases a mega hit, The Switch Console, which is another product sold out everywhere.

News came last week that they were stopping production of the classic NES, which I thought was dumb, only to find out now they are releasing the Classic Super NES this year for Christmas.

I love what this company is doing, and still have it as my stock of the year, even up +20% for the year. The 2017 Stock of the year contest link can be found HERE.

Here’s a nostalgic video below for you old school gamers, that previews the Classic Super NES which is coming before Christmas:

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