iBankCoin
Joined Jan 27, 2008
7,402 Blog Posts

Breaking SOUNd Barriers

Happy Monday all. I was unable to get my weekend watchlist up yesterday, but we sure had a good day with the #delta scanner inside Stocklabs. $SOUN finally paid today, after a week of digesting the NVDA investment. Crypto, and the BTC miners, had a phenomenal day. And, the Volume Delta scan caught two small runners: $OCEA to start the day and $SRTC to end the day.

Inside Stocklabs, I made a call in August of last year to buy crypto-currencies and moved a significant amount of capital into my crypto accounts. I track the investments inside the Stocklabs, and the $100k account has doubled inside of 6 months. Today the account was up a cool +724BPS alone. Indeed, it’s a great day to own Bitcoin.

Enough about prior gains, we want ideas to make money this week, so let’s get into some scans. This week is a heavy week for economic data, so expect the unexpected. The market closed on the lows, and now looks ready to fill some gaps to the downside. That said, even with the market closing on the lows, there was still good action in stocks. Indeed, we have a stock pickers market.

Now for my favorite scan to do homework, the momentum delta scan. On the other side of iBC, Stocklabs, members can save our this scan HERE. Non members can also view the scan, I have the tickers imported to finviz HERE.

From tonight’s scan, here are some tickers to watch this week: HOOD, SOFI, CHWY, XPEV, RIOT, IONQ, WULF, BTBT, RGTI, QBTS, & NNOX. QBTS has a similar pattern as SOUN, so keep that on your radar, as well as the other company Nvida invested in, NNOX. SOFI also looks ready to break higher. Those three are on top of my watchlist.

Good luck trading the week fellas. Monster day to start the week….

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Happy President’s Day…Here Are Some Stock To Watch

Good afternoon, and Happy President’s day. I hope many of you are enjoying a day away from the markets, I know I’m not. While I have some time today, let’s go ahead and look at some setups to watch for the upcoming week. The following names all come from the Momentum Delta scan inside Stocklabs. Members can view and save scan HERE.

First on our list is $HOOD. There have been a few tweets going around over the weekend with bullish takes on $HOOD. Apparently, many are finding out that the company has no debt, and a massive cash pile to the tune of 6 BILLY, while sporting a marketcap of 12 BILLY. I expect, after a bullish beat on earnings, that momentum continues this week as it starts to fill in some volume voids left on the chart. I like this one enough to buy strength, or a dip:

Next on our list is $XPEV, a Chinese auto play. China has been showing signs of bouncing, but so far has yet to have any meaningful moves. If we do see strength within China this one can move fast. Again, all of the names come from our Momentum volume scan, which tell us that the volume pattern is changing and above average. I would watch for a squeeze here on strength.

CLSK is probably my favorite Bitcoin miners here. While it’s true I sold my position after a massive 300% move, I will be looking for another entry here. If we take out highs, with a breakout in Bitcoin, that will trigger a buy, or I will simply look for a dip to add here.

ENVX looks like an old fashion breakout on the way. I would look for strength here accompanied by volume to place a trade here. Setup looks sweet below:

TSHA looks like we got a retest of a breakout last week and a big move on Friday. Let’s see if this one continues and pushes past $2. It was scan heavy last week:

NNOX is a blast from the Covid past, this one can move and FAST. Last week we got word that Nvida is an INVESTOR in the company. Ideally, I would like to see this one flag out, consolidate its move from last week, and trade up and out. It’s on my radar for a momentum push higher:

$RGTI is one of these small computer hardware plays that loves to trade on AI hype. I don’t know much about the company here but I do know it has been flagging on scan all last week:

$BMR –  This is your momentum name. This one can trade 50% lower from here, or 50% higher. You guess as is good as mine. What I do know is this name has made our scan and has consolidated it massive candle, lets see if we can get another push higher this week. Note: HIGH RISK:

$ICU – another high risk play that looks to break resistance here. Scan heavy and potential FDA approval here. However, no approval and this one goes back to a penny stock. High risk play:

$HKIT – Just another small bomb to watch for momentum. Again, high risk here but on scan.

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Weekly Watchlist & Earnings

It’s that time again….let’s go ahead and plot out some ideas for the upcoming week. We have another big earnings week ahead, so let’s take a look at who is reporting below:

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Wednesday looks to be a big day with $UBER, a Stocklabs favorite, $RBLX a RC favorite, and $BABA, another position I’ve been building in my long term account down here.

$RBLX was a scan heavy name on Friday as was $SNAP, and the $QQQs look ready to explode higher –$TQQQ. For a full look at Friday’s scan: CLICK HERE

Charts if interest this week include:

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Trade Ideas For The Week

Here are a few stock setups to watch this week coming from the momentum delta scan inside Stocklabs.

ABNB – Over Friday’s high can bring the momentum back here:

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$CLSK – still one of my favorite bitcoin miners if we see crypto start to break higher:

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$JBLU – On scan and looks to possible break higher. The airline sector has been nutty.

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$AMSC was scan heavy last week, and might be worth watching if we can break the weekly high:

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$TECS & SOXS were also on scan this week so it’s worth keeping an open mind to some downside this week. We have another big earnings week to deal with not to mention the FED. It should be a pretty active week, CLICK HERE for the full scan. Earnings can be found below– $AAPL on Thursday:

 

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EASY MONEY IS OVER

Now that the Bitcoin ETF has arrived, the orange cryptocurrency has taken a breather. Apparently, $GBTC holders have been waiting for this moment, and it has been a free for all since August of last year. Lucky for me, I committed a bunch of capital to the crypto space during the month of August, and have been rewarded handsomely (all trades documented in Stocklabs). So what’s next for the orange coin? I’d expect more weakness, before resuming it’s uptrend. We still have MOAR bullish catalysts ahead for the crypto market, one being the halving amongst others, so I will continue to buy on further weakness.

I know many of you do not care about the crypto space and come here for stocked picks, but I have to write about where my head is at. There was a great thread posted this weekend that explains the “behind the scenes” action in the Bitcoin, it’s a great read for those interested:

Enough about the nerd coins, back to the market. $AAPL pretty much set the tone for the year with a cut in guidance for their iPhone sales. I’m pretty shocked that the marketcap for Apple still sits near a 3 trillion valuation and has held up to start the year. But, I think that changes soon– maybe even this week. I would watch the action in Apple to get a gauge on future market direction. If we start to see $AAPL break lower, it might be worth your wild to look at some of these tech inverse ETFS, or just go gangster and buy blocks of puts on the QQQs.

As we near the end of the month the FED will be in focus. I think it’s well-known that Powell will pause, but will there be clues for future cuts this year? Maybe, maybe not. Maybe market participants start to force the FEDs hand and force a cascade here, maybe not. Regardless, I would trade with a sense of caution here.

As for some high volume movers on Friday, you can click the scan HERE.

Good luck trading this week, and hold on to your butts. I’ll focus on my puts in the $QQQs.

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Not Much On The Radar

It’s a week before Christmas and many are using the end of the year to use unused vacation time. It’s a time for friends, family, and corporate parties. I’m not expecting much this week, but will have my eye on the small caps to see if we can catch any big low-float runners. The momentum delta scan this week is uninspiring, but for those interested in the scan: CLICK HERE. 

$COST was the standout last week and is issuing a special dividend to shareholders on record as of December 28th, payable January 12th– it is on top of this week’s scan. I’m a believer that $COST should be in every long term portfolio. So the next time the market gives you a deep pullback, think $COST. China also saw some movement on the scans Friday with both $JD and $BABA making the scan. Maybe we see a multi-day bounce as we head into the China new year, maybe not.

There is not much else here on my end, make sure you join Stocklabs for more commentary from myself. Enjoy the holidays fellas!

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