iBankCoin
Joined Jan 27, 2008
7,401 Blog Posts

Is It Time To Go Back In The Mine?

Gold & Silver were the standouts to start the day/week/month/quarter. Is it time to get long precious metals via the miners? We looked at gold just a few weeks ago, HERE. If we see continued strength into the week, here are a few charts to watch, all of which come from today’s hybrid screen inside Exodus:

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Anyone Putting Their Balls On The Chopping Block?

The $SPX is sitting right at the 200 day MA, see below:

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Will the bulls be able to hold the line here? Judging from this morning’s activity, I would say no. The Vix is elevated, oil is breaking down, and even the metals (Gold & Silver) are trading higher.

There are many bear flag patterns developing throughout stocks, with many areas of support right underneath. We are at a do or die spot for stocks. Place your bets accordingly.

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Championship Week

Well, first let me congratulate the girls over at Norte Dame for taking home the trophy in the woman’s NCAA tournament. Tomorrow, we will crown a new champion for Mens, between Michigan & Villanova.

As for our very own March Madness tournament, we will decide a winner this week from either the North, Dishogby, or East, Jersey Whale. Click here for a Bracket update.

Good luck this week guys! One of you will forever live in the iBC Hall of Fame:

2008 – The Fly

2009 – Wabisabi

2010 – SC

2011 – Chivo

2012 – Zephler

2013 – Rhino

2014 – Adam 

2015 – Andy Swan

2016 – PB

2017  – KY Trader

2018 – (Dishobgy or Jersey Whale)

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Oversold Stocks With A 5 Day Holding Period (Chinese Edition)

Exodus has many tools. One cool feature is the ability to screen for stocks that are oversold with a high probability for profit within five days. Now nothing is guaranteed using statistics, but I like the ability to find ideas with a calculator brain when knife catching.

Let’s go ahead and take a partial look at tonight’s screen. The tickers below are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 3% with a 5 day holding period:

Note: My favorites from today’s screen include: YY, SINA, BIDU, & BABA, which means watch for a bounce in China.

Exodus members can bookmark this screen HERE to view at anytime. Members, be sure to bookmark link.

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The Letter $X is Back On The Map

If you are anything like me, then you are probably looking for a few things to trade this morning. One symbol that peaked my interest from today’s runner screen is the letter $X. This stock was just trading as high as $47, before we had any sort of correction. I like it here, with a stop under recent lows.

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$FXI, China, is also out in front this morning. So if you want China? Check out $WUBA from today’s Exodus screen:

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And, $TAN, Solar, surprisingly is one of the top ETFs this morning. $JKS, a position of mine, is also on today’s screen:

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For a full lineup of today’s runners: CLICK HERE FOR CHARTS

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The Final Four

The final four is set for our 11th annual Stock Madness Tournament. In the North, we have Dishobgy. In the South, Mad_Scientist. In the East, Jersey Whale. And, in the West, Tonka. CLICK HERE FOR UPDATED BRACKET


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Will it be Silver ($PAAS), or Cyber Security ($PANW) this week?

Will is be Oil Fracking ($SLCA), or Biotech ($SRPT) this week?

This championship will be set after this week, with only one member making the iBC Hall of Fame. Here are the former legends:

2008 – The Fly

2009 – Wabisabi

2010 – SC

2011 – Chivo

2012 – Zephler

2013 – Rhino

2014 – Adam 

2015 – Andy Swan

2016 – PB

2017  – KY Trader

2018 – …

Good luck this week all!

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