iBankCoin
Joined Jan 27, 2008
7,373 Blog Posts

Stocks With Potential To Squeeze After Bear Attack Fails

It’s Monday night and the momentum screen is back populating tickers for us. The bulls did a great job fending off a bear attack after some key technical breakdowns on Friday. Indeed, the dip this morning was too must to resist, and was gobbled all the way up until the market closed green. If the bulls continue to press here, I can see stocks like $PTON squeezing hard to the upside:

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Even $ROKU is setup again, just in time to piss off a few more Permabears in the name:

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Vaccine plays started to heat back up today, and $MRNA presents us with a nice bullish flag to watch:

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Gold & gold miners are not giving up, and $NEM is back on the scan. Over  Monday’s high 63.13, and this one can get moving fast to the upside:

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Even the $PYPL is back at highs, and back on the momentum scan:

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For a full look at Monday scan: CLICK HERE FOR CHARTS. Let’s see if we get some follow-though tomorrow, or if the bears can press the technicals lower. Developing…..

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It’s Monday, Here Are Your Movers

Stocks are holding up pretty good considering the overnight session and short sellers find theirselves asking is it time to cover again? If we do squeeze higher, here are some names to watch, all with a high percentage of short sellers: CLICK HERE FOR CHARTS

Here are the top ranked stocks, with high shorts:

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As far as our momentum screen inside Exodus, here are the early candidates:

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Stocks trending on higher than normal volume today include, and the focus list this am:


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Same screen as above, but smaller, good for finding day-trades on the day. Members can bookmark this screen HERE.

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I’ll be back later with an update on the momentum screen, which has been good for locating multi-day swings. As always make sure to follow along inside The Exodus chat room.

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Weekend Top 100

Here’s your weekly look at the top 100 ranked stocks inside our trading software, Exodus. The following screen searches for stocks that have a high combined technical & financial score, aka The Hybrid Score. I did not add in any volume filters this week so this is a pure list of the top 100 stocks in the market.

The following results are sorted by market cap, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE. Non-members have no fear, the top 100 names can be found HERE FOR CHARTS

This week’s list has a heavy concentration in the gold miners, with $HMY taking the number one spot. We also have a bunch of small caps lotto plays making it on to this week’s list. Here are a few of my favorite charts from this week’s screen to put on the watchlist:

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The Financials Showed Up Today

After going through Monday’s momentum scan it’s kind of hard not to lean bullish this week. The financials have been lagging throughout the whole shutdown, but that changed today as the bulls waived the $FAS flag. Just have a look at my charts below, from $BAC to $JPM to $FAS, to the Almighty $GS, they all look ready to come off the bottom:

In addition to the financials above, here are some other charts worth watching from this week’s momentum scan:

For those interested in Monday’s full momentum screen, all 300+ names: CLICK HERE FOR CHARTS. Members make sure to bookmark scan HERE.

Note: We have a big Earnings week ahead, make sure to check your earnings dates:

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It’s Monday morning, Here Are Your Potential Runners

The runner screen is on fire this morning, with over 200+ tickers showing up. I’ve imported this morning’s screen to point out stocks capable of squeezing: CLICK HERE FOR CHARTS

Tickers of interest include: HTZ, PENN, KSS, CLF, ZYNE, & FRAN 

As for stocks of the day, stock trading with some volume early on, here is your list: $YTEN $PENN

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Momentum Scan: $CRON $CGC $HEXO Cannabis theme this morning

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Watching The Banks

Earlier today, The famous Jim Cramer from CNBC said he likes to pick a stock that encompasses the market as a whole, a market tell. Right now he sees that tell as $WFC. Wells ended the day down slightly, but the daily chart is even more troubling. The March lows were at 25.11, but those lows may be in sight very soon. the financials in general, all look very similar and very weak. Have a look at the daily chart of Wells:

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We have more economic data in the morning, but bad equals good as of late. Just look at oil, the commodity trades negative yet the oil stocks are flying. I have yet to get a good handle on the market here and mostly laying low with new swing trades. I made a rookie mistake buying USO, but was able to escape that death trap yesterday with a nice loss. I almost swore off ETFs as a whole, but then made a great trade in SQQQ that same day. I may go for puts or simply shorting the indexes next, I just don’t trust the ETFs anymore.

As for momentum today, it was found all over. Here is the latest momentum scan: CLICK HERE FOR CHARTS. $GRUB caught my eye from today’s scan, $GDX still solid, but I’m just not enthused to buy stocks.

Chamath Palihapitiya catches a lot of flack as of late, but I agree with him wholeheartedly in his interview on CNBC today. Prepare for mass layoffs in September when the PPP programs ends, just in time for Christmas. This market has just about everyone fooled. And, the IRS indeed knows how to get money to every single American. What a joke this is all becoming, and surely as I type, the government still has my businesses shut down. Watch the banks here for tells, and give the video clip a view too.

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