iBankCoin
Joined Jan 27, 2008
6,889 Blog Posts

I Am A Proud Owner Of $TSLA Shares

I’ve been waiting a while to jump back in $TSLA, after missing the last little leg to $400. I decided today would be as good as any to try a new long position in the name. Check out the 30 minute chart below:

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The bulls nailed the close getting us right back to $330. Going forward I want to see that last low of the day hold, the triple bottom area on the intraday chart, roughly at $324. Should that level fail, I will likely exit and stalk another entry at a later date.

I am long from $327.68.

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RISK ON

At least that’s what the Russell 2000 is telling us as investors gravitate to a risker asset class. Take a look at this clean break and close to fresh new highs in the small caps:

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The runner screen inside Exodus is still firing on all cylinders, here are a few names to watch here for further upside:

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We had so many things working for us today inside the Exodus chatroom: from $BIDU to $FSLR to $APA to the $XGTI gift at the open. But, then again the market is making this almost too easy, which is a little worrisome in itself.

I’ll leave you guys tonight with another gem that my algo spit at me today, $ZUMZ. I’m long, and looking for a little lemonade action. Make sure you come join the chat HERE.

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Baidu And Microsoft Announce Self-Driving Car Partnership

This bodes well for our position in $BIDU, given the location of the stock. Let’s see if this Microsoft partnership can trigger that big weekly breakout. Here are the details hitting the wires:

REDMOND, Wash.July 18, 2017 /PRNewswire/ — Microsoft Corp. and Baidu Inc. (NASDAQ: BIDU) today announced plans to partner in order to take the technical development and adoption of autonomous driving worldwide. As a member of the Apollo alliance, Microsoft will provide global scale for Apollo outside of China with the Microsoft Azure cloud.

“We’re excited to partner with Baidu to take a giant step in helping automotive manufacturers and suppliers fully realize the promise of autonomous driving,” said Kevin Dallas, corporate vice president, Microsoft. “Today’s vehicles already have an impressive level of sophistication when it comes to their ability to capture data. By applying our global cloud AI, machine learning, and deep neural network capabilities to that data, we can accelerate the work already being done to make autonomous vehicles safer.”

According to McKinsey, up to 15 percent of new cars sold in 2030 will be fully autonomous, which fuels the need for an ecosystem of partners to collaborate in support of a common goal. READ MORE

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I Bought The #1 Ranked Stock

As of right now, $SORL ranks #1 inside Exodus. See Current Top 10 below:

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Now let’s take a look at the technical setup below with the stock trying to break free today:

My max stop here would be if the stock lost Friday’s low, 7.77. Things get fun if we can break the high of today, 8.54. She has a chance to run back to former highs, near $10. Let’s see if she goes.

Developing….

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Here Are Your Trending Tickers On Stocktwits To Start Your Monday

$BIDU – Huge weekly breakout in progress. I won’t share the chart, because I highlighted it last night on the TOP 50. We bought a position this morning inside trading room, here is the alert inside Exodus:

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$AUPH – A small biotech breaking out a symmetrical triangle. Has potential to run, but no interest for myself:

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$NFLX is trending obviously as the company reports after the bell. Here is a run down of earnings to watch this week, courtesy of EarningsWhipers:

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$CBAY – Another small biotech name that reported positive results. Nice break to 52 week highs, but no interest for me. Hard to find a good entry here:

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$APRN – Just another iPO going to zero, LOL. That said, there is likely a trade somewhere in here soon:

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$AAPL – Another name from iBC’s Top 50 taking off today. The stock was also upgraded by $MS with a price target of $182:

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$SORL – An Exodus favorite as it has held the #1 spot several times over the last few week. Watch for a breakout here, high on my radar:

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$YRD – Another Chinese names that has momentum, sadly I do not own it:

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$VMW – This one made the runner screen inside Exodus, I like it for the $100 roll. Watch for it to run above today’s high:

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$JKS – And, solar still has the momentum. No entry here, but a beautiful chart:

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Weekend Ranking: iBC Top 50

Here’s your weekly look at the top 50 ranked stocks inside iBC’s trading software, Exodus. This week I decided to screen for the top 50 ranked stocks, all with a market cap of 50 Billion or above.

As The Fly noted, Mega Cap stocks are still leading. So let’s take a look at the top ranked large cap stocks within our system.

For possible trades this week, I like the following names:

For those interested in the full list of large cap names, I’ve imported this week’s screen for your viewing pleasure: CLICK HERE.

Let’s see if we can get that big weekly break in $BIDU this week. My eyes are on this beauty:

 

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