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RaginCajun

Welcome To The Sweet Sixteen

My blogging has been light this week, but my trading is been ramped up inside the hallowed halls of Exodus (Soon to be StockLabs.com). Today, I overtraded a bit, and caught some trash stocks going against me quick. But, my day was saved thanks to the ol’ $COCP trade at the end of the day. Shout out to The Fly and OneLot who were all over the move this afternoon:

As you can see in the after-hours session $COCP caught a PR and trapped shorts going into Monday. Good times.

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Now, let’s talk about what we’re here for, the Sweet Sixteen. Sixteen traders have been eliminated from our March Madness Tourney, and sixteen people remain. Here was the final outcome for week 2:

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The brackets have been updated, congrats to all who made it to The Sweet Sixteen: CLICK HERE FOR CHARTS

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Momentum Monday

What a way to start the week with the Dow Jones, the old man index, up a cool 1300 points. I can see Trump strutting around the White House after reading the headline, “Dow sees biggest-ever point gain“.  Nothing can stop new inflows of money pouring in on the first trading day of the month, not even COVID-19.

I’m a little skeptical of this rally, but it is what it is. Price action is everything, and the momentum screen inside Exodus was lit. Today’s screen produced well over 100 charts, and the imported link can be found HERE. Exodus members can bookmark the screen HERE.

For those that just want the actionable ideas, the best looking charts from today’s screen, see below:

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I really like that $LVGO. We’ll see if this move sticks. Off to eat a whole box of Girl Scout Cookies….

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32 Stocks Left

Week one is in the books for iBC’s 13th annual March Madness Tournament. And, judging from the news in after-hours on $TWTR, it looks like I missed advancing to the next round by a day. Here was the final score to week one:

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The brackets have been updated, here is the matchup for Week 2: CLICK HERE

Congrats to all that are advancing…

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Bought Stocks Today

I wanted some of the tech leaders, so I bought $TQQQ. I wanted some oil & a fat dividend after this decline, so I bought $SLB. And, I wanted the recent leader, $TSLA, so I bought the dip there as well.

As for week 1 in our March Madness tournament, it is coming to and end. You can check the scores HERE.

The say markets don’t bottom on a Friday, but I took a few shots today. Happy Friday.

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Mardi Gras Is Over…

But, the throws continue inside The Exodus trading room– today it was all about the CoronaVirus stocks. Now it is true that I’m down on my Twitter position, and even look to be defeated in the first round of the March Madness tournament, but I’m also happy I get to buy lower. On the next big drop, which may be tomorrow morning, I plan to add to $TWTR, maybe I’ll add some $PINS too.

The Fly left us with a bunch of Virus stocks to watch into tomorrow, and I took all of his plays today. Why? Because he is pistol hot, I’ve seen him go on similar runs before and it is something to witness. What a time to be alive.

On a side note, I’m starting to get a little worried that the Virus will explode in the USA. However, my friends, who are smarter than me, are quick to remind me that our medicine is supreme, as is our living conditions. There will be no stocking up of supplies on my end, unless we are talking about shares of $TWTR. I will make TWTR a top position soon. Developing….

Note: Here is the breakout screen at the close. What a day for $CODX!

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Happy Lundi Gras; March Madness Begins…

If you did not have a green day today in the market, I can’t relate. Coming into the day long the NNVC eased any pressure I was feeling due to market sell-off, Dow down 1000 points. Couple that with a nice $SOXS position and Lundi gras, the day before Fat Tuesday, turned into a great day.

Friday’s NNVC buy:

SOXS sell:

You could say the Exodus chat room had our very own Mardi Gras today, with The Fly throwing out the goods all day long: From SPCE to CODX to the almighty COCP. Indeed, it was a day filled with unlimited King Cake.

Mardi Gras is upon us gentlemen, so no watchlist tonight– it would be unethical. But, the first week of the March Madness tourney is underway. The brackets have been updated and are now live, go ahead and bookmark the following link: March Madness Bracket 

Good luck all.

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