Look At That Form: $SNAP to $80

$SNAP is currently my largest position, and my stock of the year for 2019, so imagine how pleased I was seeing this note first thing in the morning: SNAP upgraded to $80.00/share.

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Obviously, we all knew there was a typo this morning, but it made for a good headline tonight. All jokes aside, take a look at the location for SNAP here. We are already up a quick buck to start the year, with the stock flagging out right above the 50 day moving average. A move above $6.50, today’s high, likely takes us straight to $8.00 (minus the one zero from $80.00). Traders can use the 50 day moving average to manage risk here. It’s a buy on strength (I’m talking my book again).

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And, for today’s momentum Monday screen inside Exodus, here are a few tickers to watch for the upcoming week.

There are a bunch of names on today’s top hybrid mover screen, one of which I bought. $SPOT is the recent iPO left for dead after investors ran for cover over a lawsuit; I added to my position today. $NIO also has my interest with $KNDI lighting up the screens. $NIO had the second largest move in Hybrid score today, next to none other than tonight’s weed stock, $ACB. Keep an eye on these three as we finish the week. Today’s full list can be found HERE.

Stocks are moving well this morning as we start a fresh new week in 2019, specifically the small caps. From our momentum screen, inside Exodus, here are a few names worth keeping an eye on today. I’ve imported the tickers straight from Exodus for your viewing pleasure:

CLICK HERE FOR CHARTS

Tickers of interest today include: AMD, ROKU, NFLX, TWLO, GM, TNA, SONO

The bulls are pressing here! It should be a good week all around. Good luck traders.

Here is your first look of the year at the top 100 ranked stocks inside iBankCoin’s trading software, Exodus. I’ve pulled the tickers straight from our “Top 100 Screen” inside Exodus, and placed them into finviz for your viewing pleasure:

CLICK HERE FOR CHARTS. Exodus members can view the rankings HERE.

This week’s list happens to be loaded down with financials & Energy (Oil & Gas). The bulls need oil, as well as the financials, to sustain any sort of bounce in the market. Let’s see if the bulls can make another push as we begin the first full week of the new year. Here are a few of my favorite tickers from this week’s screen:

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And, if you’re wondering if the market will be higher or lower this year, NO ONE KNOWS. It’s a mixed bag for our first poll of the year. Have a good weekend all!

I took a little $NFLX this morning as the stock dips back below $270, after ripping a few faces off to start the day. I have yet to see the movie BirdBox, but I told the wife we must view it tonight. Netflix is absolutely crushing it with their original content, everyone has a damn blindfold on.

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If you were to ask me what companies I feel comfortable placing my money in 2019, one of my picks would be $NFLX. I will reveal my top 5 names for 2019 soon. You got two so far: $SNAP & $NFLX.

The tweet below ushered in a bunch of opinions from readers on what the most hated stock in the market is. The responses were great, but by the end of the night, based on the number of responses, it was clear that $GE is the most hated name on Wall Street. My pick was $SNAP.

Any guesses on what my 2019 stock of the year will be? I'll give you a hint, It is one of the most hated names in the market.

— RC (@RaginCajun) January 2, 2019

yes, You and @BernieCornfeld know me too well. $SNAP it is for 2019. Closed at $5.51 to end 2018. And, yes I am underwater in my position. So one could say I’m talking my book.

— RC (@RaginCajun) January 2, 2019

One of my readers mentioned that $SNAP is not hated, it’s just that no one cares about it. Yes, I can agree with that statement, which is exactly why I feel comfortable placing my money here.

it's actually not even hated anymore, just nobody cares about it

— The Blacklist Trader ? (@BlacklistTrader) January 2, 2019

The Cajun has love for the $SNAP, but apparently there is deep deep hatred for $GE. And, now maybe $AAPL….

It should be a fun day tomorrow all around with the rare disappointing guidance from Apple. See you guys inside The Pelican Room, aka Exodus.