Stocks Pummeled To Start Q4; Here Are Your Top Ranked Names

The weekend is here and we all get a chance to breathe and survey the damage. It’s amazing to see how many stocks are down 10% from highs since the month began, the damage is widespread, and even gold is trying to bottom. So where do we sit now?  Well, Monday should be pretty telling, so for now, it’s wait and see.

While we wait, let’s take a look at the strongest stocks currently. Here’s a look at the 100 top ranked names inside Exodus. The following names have the highest combination of fundamental and technical scores inside our Exodus Algorithm. This is raw data, with zero filters; CLICK HERE FOR THE TOP 100.

My favorites to watch this for the week include:

It should be another fun week inside the trading room, make sure to stop by as we look to trade a few of these setups. See you guys Monday morning…

Everyone was looking for the face ripping rally today, especially with it being Tuesday, but we didn’t get it. And, being that we didn’t get it, the market becomes a little more venerable as we hang around important moving averages.

Take a look at the small cap index, the $RUT, sitting on the 200 Day Moving Average:

And, the S&P 500 index sits right on 50 Day Moving Average:

__

I, myself. am looking for a dip to buy, and I have a bunch of  statistics inside Exodus to help with the decision making process. Take a look at this screen below, which flags stocks that are being oversold:

__

I will be watching $GOOGL tomorrow for a possible option trade. I also like the idea of buying any and all weakness in $ROKU. And, $SNAP under $7, you have to be long for a $SNAP back.

Exodus members save the oversold screen HERE, and stay tuned for an option trade setting up here in $GOOGL:

Thank You Mr. Spiegel, for putting two very bright analysts in their place today with your profitability update. I had to fend off short sellers all day today, thanks to another downgrade from Citigroup this morning. I’ve heard many outlandish statements over the past few days from the $SNAP bearshitters, some even mentioning bankruptcy for the company. I swear Mr. Elon Musk is right, these bears are “unreasonably maligned”.

You see $SNAP is an epidemic, just like Fortnite, to these kids– and now adults. This isn’t your next $GPRO. There is a reason why Mr. Spiegel has turned down multiple billion dollar buyouts. Here are some notes from $SNAP, now trading back over $8 in after-hours:

Snap Inc. (SNAP) shares rose in the extended session Thursday after a memo from the chief executive that set a goal of profitability for the full year of 2019. According to an email published by Cheddar (https://cheddar.com/videos/snap- ceo-evan-spiegel-company-memo-on-2019-strategic-goals-and-profitability), CEO Evan Spiegel said that Snapchat’s parent company was “executing toward our stretch goal” of a break-even final quarter of 2018, and had set full-year profitability for 2019 as an objective. In the long email celebrating the 7th anniversary of the launch of Snapchat, Spiegel acknowledged a difficult experience in redesigning the app in 2018, and established a priority on messaging for the company moving forward.

$SNAP bottoms today on the backs of two STOOOPID analysts.

— RC (@RaginCajun) October 4, 2018

See you short sellers tomorrow. Good day.

Here’s a look at over 100+ stocks closing near the highs of the day today, all of which come straight from our momentum screen inside our Exodus platform. I’ve imported today’s results for your viewing pleasure: CLICK HERE FOR CHARTS

Charts in focus here include:

__

Members make sure to save and bookmark screen HERE.

That title was just to get you to click on this post, but while we are at it, let’s vote:

 Loading ...

Forget politics. What I really want to know is how you guys are feeling on the current market environment as we close 2018. Bullish or bearish? Vote below:

 Loading ...

Here are today’s top hybrid movers as we start out the new week/month. The bulls were out in full force on the opening bell, buying names like: $GE, $ROKU, $TSLA, $GM, $CHK & $SLCA. Oil saw a powerful move, and looks poised to break away higher here. Get ready for $5 gas. Today’s full Exodus hybrid scan has been imported for your viewing pleasure and can be found HERE.

Charts to watch for the upcoming week include: