iBankCoin
Joined Jan 27, 2008
7,285 Blog Posts

Solar Leads The Way After Battery Day; Here Are Your Current Rankings…

Earlier in the week, on Tuesday, $TSLA had the all important Battery day. This was probably the most overhyped event in recent memory with Robinhood traders tripping over themselves to buy call options in $TSLA. As history tells us, that wasn’t the play.

The play is what came the following day, $EV & solar stocks. $SPI led the day Wednesday, trading as high as $46 from $1. It was the perfect stock to catch a few bears slipping and it ignited the alternative energy space.

It’s no secret to see solar stocks littering the Top 100 scan, specifically the top 20, with $RUN $JKS $CSIQ & $VSLR out in front.

Let’s go ahead and take a look the the full top 100 list this weekend. I’ve imported this week’s ranking from Exodus, and here are the results: CLICK HERE FOR THE CURRENT TOP 100 RANKINGS

NOTE: The results above are sorted by market cap, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE.

Charts on my watchlist for next week include:

Have a good weekend and…..

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$AAPL Finds Floor At $103; $ROKU breaks to Fresh Highs; Traders Left On $PINS & Needles

$AAPL kicks off our weekly momentum scan, rallying from the depths of $103, and finishing the day, +3%, to close above $110. $ROKU was another name from today’s scan that never let up despite the indices tanking intraday. $NVDA, $PYPL, $CRWD, $JKS, $FSLY, & $ACI were the standouts Monday….here’s your look at today’s momentum scan: CLICK HERE FOR CHARTS

Other than today’s momentum candidates, here are some names I’m watching this week: $PINS should break to fresh all-time highs this week if bulls can push price through $37, the high from last fall (Zoom out). Every dip in recent weeks has been bought, I’m long for the $37 break:

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$ADTX a small cap, a very thin and beautiful small cap, is back on top the hybrid screen, moving +70% in score with little price movement. Let’s see if today’s hybrid score is predicting anything under the surface. Note: This is a Covid-19 antibody play:

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$BA gets a big upgrade from $GS, and we get news on new orders over the weekend, all which seemed to be swept under the rug. I’m looking for entries for long term money, on dips of course.

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$KCAC the Battery SPAC into battery week. This trade may be too obvious, but I like the technical setup into a battery specific event for TSLA which should generate some headlines. We also got the VSA signal from Stocklabs (Coming soon):

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Even Legends Enjoy A Good $DKNG

Indeud. It was a great weekend, full of pigskin, with the Ragin Cajun’s upsetting a top 25 team to start the season. We also got to witness Tom Brady, looking silly in a Tampa Bay uniform, lose his first game of the season to the New Orleans Saints.

Indeud. $DKNG was the play coming into Monday as sports betting hits all-time highs. WHAT A TIME TO BE ALIVE.

Indeud. Monday starts of with a bang as the momentum screen gives us 300 tickers to sort through, one being $DKNG. For those with time to sort through tickers, the full scan can be found HERE. For those without time, I’ve listed my favorites to watch for the upcoming week, enjoy:

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Another Day, Another Oversold Reading For $AAPL

$AAPL continues to flag oversold on our Exodus Algos, both on the technical side and on the hybrid side. The last readings have been on September 4th, 8th, 9th, and now again on the 11th. Here’s a screen shot of the Algorithm inside Exodus:

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And, here’s a look at today’s reading at the close, flagged both Tech & Hybrid oversold:

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Now the run up in $AAPL pre-split might throw the gauges off a bit here, but if we see another red day for $AAPL, it might be worth a shot for an oversold trade. The hybrid backtest says an oversold trade will yield 6% with a holding time of 10 days, with an 84% success rate. The technical score backtest yields basically the same, yet a 73% win rate.

Here are today’s oversold candidates courtesy of Exodus:

 

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What A Difference A Week Makes; Tesla Now Oversold

This time last week the momentum screen was loaded down with 300+ tickers and not a single inverse ETF in sight. It was a job just to narrow down the individual stock selection. Now, we begin the week with the momentum scan loaded down with $SQQQ, QID, SDS, DXD, SOXS, & SH.

This is a bullish development for the rest of the year in my opinion, but we won’t get into that here. We will, however, get into today’s momentum scan at the close: CLICK HERE FOR RESULTS

Note: I’m not a buyer of the bearish ETFs after this bear run the last few days. And, there’s not much on the momentum scan I want to sink my teeth in. However, the oversold screen has piqued my interest with $TSLA, and I’m once again in the name at the close.

Here are new tickers flagged oversold as of 09/08:

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Exodus members, make sure to save the following link for future reference: OVERSOLD SCREEN. Below, you will find the Exodus backtest for $TSLA, when flagged oversold. Notice the flawless victory after holding 10 days following the oversold signal, for a cool 40%. It’s not often we get an oversold signal for Tesla, so it should be no surprise that I had to side with the computers:

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Financials, Airlines, & Casinos

Tonight’s momentum scan is loaded down with setups once again with the financials finally starting to emerge. The Airlines and the Casinos are also worth watching judging at first glance from tonight’s scan.

If financials are strong tomorrow, $FAS may do the trick. $GS, ALLY, and a few other regional financials are worth watching from tonight’s SCAN. The financials all look the same, ready to break higher:

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Other tickers to watch from tonight’s scan include:  $ABT $IBM $LCA $WYNN $BOXL $ALK & $RL. And, my favorite, with a thin profile above, $EVRI:


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It should be another fun day inside The Exodus chat, see you guys at the open….

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