SOMEBODY IS WRONG

Shares of $SNAP were downgraded this morning by BTIG Research to Sell. The firm basically threw in the towel on the name, stating that the stock can still be cut in half from here. Just yesterday, Wedbush upgraded the stock, upping price targets. And, here I am getting smoked on my recent position from $11.

So who is wrong? BTIG research of course. Am I selling? NO. I’ve never seen a phenomenon quite like $SNAP for the younger generation. I’m not sure they even know how to send a text message through a cellular service, because everything they do is through the $SNAP application. The older crowd is also finally starting to migrate over to $SNAP as it become more social and less about a scandalous/dating app.

SNAP has also done a number of format changes to the application, and has been more effective in placing Ads in my opinion. Facebook tried to by the company a few years ago for $18-19 Billion, and now the market cap sits at 11B. I am still a buyer here, especially on further weakness.

As for what worked today? Here are today’s top hybrid movers inside Exodus, all moving greater than 25%+ in score: CLICK HERE FOR  RESULTS. Let’s continue to keep an eye on TSLA, IQ, HUYA & BIDU, which were all big movers in overall score today.

If you are wondering where the momentum was as we closed the week take a look at this list HERE. The following names all closed near highs of the day as we ended the work week. As we come in on Tuesday, let’s see if any of the following can get some follow-through. Here is my watchlist:

Good morning readers. I hope many of you are enjoying a nice three day weekend, with a fine adult beverage. According to the (Top 50), inside Exodus, here is what most Americans will be doing this weekend:

Upon rising, many housewives will realize they are in need of a few items for the weekend and make a lazy trip over to the nearest dollar General (DG). Once that trip is over, they will mosey on over to (ULTA) beauty supply, and spend a fortune without even batting an eye. They will justify the spending from the savings they made over at $DG.

While, the wives are out doing that, the husbands will be at Dick’s sporting goods (DKS), looking for shit to buy to counteract the feeling they have that the wife is spending all the money. If nothing can be found at Dick’s, then it’s Tractor supply (TSCO) to buy some manly shit.

The less fortunate will feel the need to treat themselves this week after slaving for 70 hours on bullshit pay, they will end up at Aaron’s (AAN). They will likely buy some ugly furniture on some lease-to-own type plan, only to have it repossessed by next Labor Day.

The millennials are likely on Tinder right now or some other dating app (MEET), looking for some fresh meat to have fun with this weekend. Once they have “swiped right”, they will head on over to Express (EXPR) for a new outfit, likely on some bullshit store credit card.

The young kids are back to school, so for some, it is shopping at Shoe Carnival (SCVL). Again, women will save so much money on shoes at the Carnival, that they they feel entitled to new shoes themselves from Steve Madden (SHOO). It’s really fucked up, buy your kids some fresh new Nike’s, dammit.

Some kids will not be having any of the Shoe Carnival and throw a tantrum to take them to Zumies (ZUMZ), their enabling parents will agree and buy them all sorts of hipster things, maybe even a skateboard. As far as the old people, some will go to Sleep number and purchase a new bed via $SNBR. Some will get healthy the holistic way, at Natural Grocers by Vitamin Cottage (NGVC). And, some will go straight to the hospital ($UHS) for not taking care of themselves over the course of their life.

My advice: Enjoy the weekend, life is short. Once the weekend is over, get a fitness plan together, and start investing in yourself– if not already. Stop buying meaningless shit, and save more money. Make better decisions so you don’t end up at $AAN or $AAP. Learn ways to invest your money (EXODUS), apparently it is the thing to do, even $ICE is enjoying a spot in the top 50.

Happy Labor Day all! The top 50 stocks inside Exodus can be found HERE.

Exodus Members can save screen HERE.

After two solid days of gains, the market takes a brief pause today. Is this where things start to roll over? or, are we still waiting for Euphoria? Who the hell cares! There are plenty of setups to trade, and always something moving.

Today it was bitcoin. The almighty cryptocurrency traded back above $7,000, and has sparked a few of the proxy plays: $SQ, $OSTK, $DPW, & $TEUM. Biotech also had a solid day, just take a look at GERN, CARA, & BLUE below:

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For a full look at today’s momentum screen found inside our software Exodus: CLICK HERE. I’ll see you guys at the open.

What a day for the markets as the indices start to break up and out. Just when you think stocks can’t go any higher, we close at the highs. We are in run-away mode ladies & gentlemen, get your stock tickers, aka Lottery tickets, ready. Below, are some names on top of the hybrid mover screen inside Exodus. These are the names that saw the largest jump in score today:

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Today’s full list can be found HERE. There are a bunch to sort through tonight.

I’m back in the $SNAP Chat as of today. Here’s an easy-to-manage trade as it tries to trade off lows put in this week, we call this trading off the mat. 11.34 was the low put in earlier this week. I want to see that level hold. Slow Stochastic turning up and crossing from oversold levels. Let’s see if she can get up and go: