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Weekend Top 100; Oil Bears Might Want To Miss This Post

Here’s your weekend look at the top 100 ranked stocks inside the Exodus Algorithm. The rankings change daily, and currently have a high concentration in Energy. The reason behind this is the sub-rosa formula which factors in the price of oil. Crude oil saw another huge move today, up a cool 15% for the day, and well over 30% for the week.

We were all over the oil trade this week positioning in $SLB and $APA for nice wins, both of which are in the Top 100 as we finish out the week. Members be sure to bookmark the screen HERE.

For those interested in all 100 charts at the close on Friday, I’ve imported them to finviz for your viewing pleasure. The list is sorted by volume not the actual ranking. CLICK HERE FOR CHARTS

My favorite oil from this week’s screen is $SLB. I continue to own shares down here:

If bitcoin starts to ramp this week, above 7K, I’m going back to the ol’ trusty $OSTK. It finished in the top 100 this week and looks like a coiled spring. Online shopping for the win. Developing….

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$NVAX closed like a champ for the weeknd Corona hold, it also finished in the top 100:

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These are trades, not investments, directed by almighty Algos inside Exodus. I will see you guys at the open on Monday…

Note— Give BigToona a big round of applause, he made it to the legendary iBC hall of fame:

 

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Elon Musk Defeats Zoom Video With A Memo

It’s a sad day for Exodus Member, Mint Dragon, as it looks like his dreams of winning the 2020 March Madness championship have come to an end. $ZM, Zoom video, the favorite throughout our 13th annual March Madness tournament, fell apart again today– down another 11%. This recent drop comes after news that Elon Musk disabled Zoom Video for employees, siting serious security and privacy concerns.

This memo leaves the championship game in shambles, with $ZM down a cool 20% for the week. We might as well crown BigToona the champion now, unless $SNDX completely falls apart with some negative headlines in the morning. It’s been a fun tournament for all, but let’s give a big Congrats to Big Toona for having a stock that held up best during the Covid-19 March Madness.

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As for tomorrow, we get more economic data in the morning with the all important jobs number. Energy was the play today, as I noted in my previous blog post yesterday, maybe tomorrow we see the gold and silver miners take off. $GOLD is back on my favorite Exodus screen.

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Will April Showers Bring May Flowers? Don’t Forget Your Mask

Today was all about the masks, and that’s what we traded inside the Exodus trading room. The Fly led the way with an early $APT buy, then came $BIMI, $NBY, & $AHPI. I also tried my hand in food delivery again with $WTRH and I believe fly took the $APRN. But, the gains were all in PPE, personal protective equipment.

The market was down another 4% today, but I could hardly tell. $TWTR did stink up my portfolio, but I kept it intact. I also want to watch some of these beat up oil names for a bounce. Trump is meeting with some oil execs tomorrow, and I’m betting we get some good news.

As for bad news, we will get more unemployment numbers tomorrow. I heard estimates of as high as 9 million jobs lost. Whatever the number is, I expect the market knows already so I will not try to game it.

The technicals do point lower however with the SPX breaking down from a bear flag pattern, right at the 20 say moving average. March 31st, yesterday, was the day to get short, against that very average (Hindsight is 20/20).

As for today’s top hybrid movers, here is what people were buying on this bloody day:

And, since there is so much action in small cap land, here is your lotto screen. The funny thing is take a look at the inverse ETFs populating, do you fell lucky?

See you guys at the open. Maybe we even get a LIMIT DOWN. Long protective masks in size into the bell.

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Momentum Monday (Quarter End Edition)

Looking to surf a few charts tonight? Here is the full momentum screen from Exodus, with zero filters, all 190 charts at your disposal: CLICK HERE FOR CHARTS

So far things are looking a bit bullish in the after hours session with oil now breaking back above $21. We need oil higher for the market to regain its footing. We need oil above $20, really we need it above $30. Within the industry: Exodus likes $PXD, Raul likes $PTR, Cajun likes $SLB, and The Fly likes the refiners here.

Other than oil, if there is a bullish tone to the market as we close Q1, here are some charts to watch from today’s screen leading into Q2:

As always, join us inside the Exodus chat during market hours. Also, make sure you follow our Stock Labs news feed HERE. This will soon be the new premium home of iBankCoin, so make sure to hit the beta link.

See you guys at the open…

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The Championship is Set

Championship week is set for our 13th annual March Madness Stock Tournament. Mint Dragon and his squad $ZM will go head to head with Big Toona and $SNDX.

You may check the brackets HERE.

The market finished the day down roughly 4% after three green days in a row. Trump just signed the Care package for Americans, and it looks to be upwards of 6.2 Trillion. I’m in all cash here, and it feels great heading into the weekend. Expect more volatility.

Liquidity is king.

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Oil Dumping War

Panic in the oil field. Listen to Scott Sheffield, as his voice begins to crack in panic, explain that there will only be 10 independent companies remaining by the end of 2021. Consolidation in the industry you ask? Not a chance. TOO MUCH DEBT.

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Here are your independent oil and gas stocks that could be in trouble, all levered up with insanely high debt to equity ratios:

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$PXD Pioneer is looking like the winner here with one of the lowest debt to equity ratios in the industry. The stock traded down to $48 at one point last week, and has recovered sharply over the last week. Look to buy bloody day dips here, if you must trade the earl. That said, it’s a oil dumping war. Tread Carefully.

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