Market Momentum Continues Into New Week

It’s hard to kill a bull when you have Apple Computer hitting all-time highs in perpetuity. Forget that the company is once again shutting down the doors due to COVID, investors just want to own $AAPL. As for me, I will not buy a single share with a valuation of 1.5 Trillion. I just can’t do it. Regardless, $AAPL remains on the momentum screen:

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Another name trading with a trillion dollar valuation is Microsoft. Well, $MSFT also landed on Monday’s momentum screen keeping the bull market more than alive:

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Biotech stocks also remain strong, with $XBI continuing it’s move back to all-time highs. Another windfall for the bulls:

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Today’s full momentum screen has been imported to finviz for your viewing pleasure CLICK HERE FOR CHARTS. Charts of interest for the week include:

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Here’s your weekly look at the top 100 ranked stocks inside our trading software, Exodus. This weekend screen searches for stocks that have a high combined technical & financial score, aka The Hybrid Score. The technical ranking will push the needle, and this week we are seeing Gold & Biotech leading the way.

This screen changes daily and can can be viewed in realtime by Exodus subscribers HERE. Here are some charts worth watching as we head into a new week:

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The full scan, the current Top 100, can be found HERE. Happy Father Day to all the Dad’s out there! Let’s make it a great week.

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I was away for most of the day dealing with real world issues, but I did manage to sneak away with some coin thanks to the almighty $BIOC. The penny stocks continue to give the best action and today was no different as covid names started to catch a bid once again.

It’s almost comical to me that the NASDAQ futures are trading back to 10,000. This market has the ultimate bid underneath but I still can get behind buying the indices or even leaders like $AAPL. For this reason, I will continue to look to the Exodus master screen for quick trades. $BIOC lands #1 in terms of volume on today’s screen and has been a constant name highlighted on this blog. $IBIO has been another name on this list as of late. We even got the oils popping back on, most notably, $OXY.

Again, for Exodus members this has has been my go-to screen to find trading ideas. Monday’s list is no different with a bunch of tickers worth watching. For a full look at today’s screen: CLICK HERE.

Exodus members make sure to bookmark screen HERE.

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Here’s your weekly look at the top 100 ranked stocks inside our trading software, Exodus. This weekend screen searches for stocks that have a high combined technical & financial score, aka The Hybrid Score. The technical ranking will push the needle, hence why $XSPA is number #1 this week:

$XSPA ranked #1 overall inside Exodus. Here is your Top 10 this weekend. pic.twitter.com/qOqMvvxipD

— Cajun ✪ (@RaginCajun) June 14, 2020

This screen changes daily and can can be viewed in realtime by Exodus subscribers HERE. Here are some charts worth noting from today’s scan:

For those interested in the full scan this week, CLICK HERE for charts. Let’s see if XSPA can continue to squeeze higher this week as it converts Spa’s to Covid testing centers.

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It’s no surprise to see the masterlist in Exodus loaded down with inverse ETFs after today’s drumming. It’s also nice to see the pandemic playbook still working to a T as the Food delivery plays catch a bid as the market falters. Checkout the ol’ $WTRH setting up once again:

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Here is Thursday’s master screen which shows the day’s overall picture: Inverse ETFs, Food delivery Plays, and the almighty awesome and amazing $XSPA.

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Exodus members make sure to bookmark the screen above HERE to get a view of what is working each day. Let’s see what tomorrow brings…

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Bitcoin has that run-away look as price nears the all important 10k mark. The high back in early May was 9,999 I believe, so a move above the 10,000 mark should create an explosive move. Keep a close eye here as price gets up and elevated:

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The above average screen inside Exodus lit up with bitcoin proxy plays on Wednesday, specifically $DPW, $MARA, $RIOT & $TEUM:

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Not into Cryptocurrency? Gold & Silver are also on the move and threatening to break out to new highs. The momentum scan in Exodus picked up both $GLD & $SLV today:

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I will be watching both Bitcoin and the gold miners for explosive moves as we close the week. It’s just about the only thing that makes sense here. See you guys at the open…

Long Bitcoin

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