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Watch Your Nuts: DELTA is Upon Us

It was a rough week for momentum traders across the globe, well at least for me. It may have been my worst week trading this year as I refused to stop out of positions I adore down here like $ABNB, $COIN, $SOFI ect.

It’s seems I’m getting slower with age, hesitant to make moves in the market, but sometimes that exactly what is needed. The Fly is crushing it inside of Stocklabs, tagging stocks left and right. A big factor to his success, as any trader will tell you, is to not take the big loss– cut and run. Some of you guys need to do more cutting and running, including myself.

For the week, utilities rule the market, which is always a defensive sign. We also had the old Covid plays hitting the scanner left and right all week. Could we really be heading into another lockdown? I’d normally laugh at such question, but the cases are rising and doctors in Louisiana are saying Delta is coming for your children. This was enough to send my wife into a frenzy once again, heading straight to Sams to stock up on toilet paper. She did tell me the shelves are already bare, I told her it’s likely due to the child tax credit checks that came out this week. Indeed, here we go again…

DEFENSE

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Enjoy the weekend everyone, here are your top rated stocks, with $MRNA on top:

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2021 Stock Of The Year Update

As we enter the summer doldrums, I figure now would be as good as any to update the 2021 Stock of the Year contest. For those that missed my early 2021 post, my stock of the year pick is $BIGC, and I hold a bunch in the IRA. The stock actually looks great here and I have no doubt in my mind we will be back at Par come Thanksgiving. Also, while we are talking about Thanksgiving, you can buy the dip in bitcoin here at $33,500, and sell when all of your friends and family are talking about a 100k price target over Turkey and gravy.

Here is your 2021 Stock of the Year leaderboard with Mr. Vikes owning the competition with his pick in $LPI:

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For the full contest spreadsheet, CLICK HERE.

Have a good weekend all…

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The Time Is Now For $ABNB

$ABNB is back on the momentum scan today, and finally looks ready for its march its way back to all-time highs. It has not been easy to hold this thing over the last few weeks, with shakeouts at every turn. This morning’s flush gave us a good level to manage risk, and another opportunity for market makers to steal more shares. If we can trade above $155 tomorrow, we could see a breakout in prices. Below $144, the day’s low, and I’ll have to consider this a dead trade. Keep it on watch:

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Other than $ABNB, here are the rest of the names hitting the momentum scan: CLICK HERE FOR CHARTS. Some of my other favorites include:

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Tickers To Watch This Week

Here are a few swing longs I’m watching this week: $PATH $BFLY $MOMO $KNDI $WWR $VACQ $SOLO $TRIP

Friday’s momentum scan can be found HERE. There are a bunch of good looking charts heading into the week if you are struggling to find ideas. As the futures market opens, it almost feels like the cocaine is flowing early, the NASDAQ is moving higher as is Bitcoin. Let’s hope the momentum continues into the open.

I’ll add some ideas throughout the night if I see anything of note. Let’s make it a good week.

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John McAfee’s Final Words; Thoughts On Life And Investing

I randomly found this Video on YouTube this weekend and wanted to share. I do not know Karl Boyd, but found his questions to John McAfee interesting, and even more so his answers. Some of you guys need to hear McAfee’s take on investing, it’s pure gold.

RIP King

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Cramer Sells His Last Bitcoin At The Bottom, Stocks and Crypto Rejoice

The scanners are lighting up once again and Bitcoin hits peak panic in 2021. I love when bitcoin sells off, it means I get to stack sats on the cheap, and today was no different (sub $30,000 prints). The FUD was thick this morning for crypto as Jim Cramer was selling his last bitcoin on national television. I think that was the bottom.

Cryptocurrency literally had the kitchen sink thrown at it this morning, yet manages to brush it all off by nightfall. God bless the people of El Salvador.

As for stocks, here are some charts that interest me from the momentum scan inside Stocklabs:

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Today’s full momentum scan can be found HERE. For members, make sure to bookmark the LIVE scan HERE.

We may be in a golden risk-on period where they FED, and apparently the SEC, let things run wild. Trade and plan accordingly….

 

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