Large Moves In Gold, Again

Gold has taken over the hybrid screen once again, with $IAG on top today with a 50% change in overall ranking. $GOLD & $OR are a close second and third in the industry and both look great technically speaking. Here’s a look at today’s top movers:

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Today’s full Exodus hybrid screen can be found HERE. I have my favorites listed below. Which one is your favorite?

The bulls chalked up another W today with large moves in many key names, how about that $NVDA? Oil also held it’s own today and closed near the highs of the day, another bullish sign. And, our momentum screen is now loaded with names to watch for the upcoming week.

It is worth noting that the Exodus system closed oversold today, however in not so distant past, this has led to higher prices. Let’s see if we can push through some key resistance levels, or roll over here. Whatever the case, Thursday’s low is still an important level to key off of for overall risk exposure:

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As for our momentum Monday screen, I’ve imported today’s MOMO list to finviz for your viewing pleasure: CLICK HERE FOR CHARTS

My favorites include:

$TWTR is one of my favorite stock ideas here, as I’m sure many would agree. I jumped back in the name on Friday, and today the stock looks ready to break higher.

$43.48 is the recent high, then it’s a B line to $48. Above $50, and we get to make a run back to all-time highs near the iPO, $74.73.

With the most powerful man, The President of The United States, as Twitter’s biggest supporter, and the elections coming up, how can you not like $TWTR here? #LONG

I added two longs this morning as the bulls are starting to lay a foundation along the 200 day moving average. Yesterday’s low now becomes an important area to defend for the bulls. Should the bears take out the lows, we could be in for a much deeper decline.

So far today, I like what I am seeing. I’ve added both $TWTR & $TWLO to the portfolio. I’m also eyeing another trade in $SLB, but oil needs to show me something here.

What are you guys buying here?

Well, did you abandon ship today? Are you cash heavy? Do you know the circuit breaker rules? Let’s crash the market.

I’ll leave this here for tomorrow, just in case….$SPX

“Circuit breakers halt trading and are set at 7%, 13%, and 20% of the closing price for the previous day.”

— Brian Lund (@bclund) August 14, 2019

The Dow was down 800 points as you all know, and the 2s & 10s got a little inverted, giving us an early signal that a recession is on the horizon. The futures are up a bit this evening, but it is a long night. I myself have a nice cash position and find myself patiently waiting in the bushes.

I do think we need to see some more extremes before we bottom, and the 200 day moving average seems to be in trader’s sight for the S&P 500. That said, I don’t believe this is the end of the cycle. This move lower will be the fuel we need for the Euphoria rally that you don’t want to miss. I can only pray we are down big tomorrow at the open as my shopping list is just about complete.

One stock that I really want to bulk up on in a panic situation is $DIS. What are your go-to stocks here? You need to be thinking about them, because when we turn it will be lightening fast– be ready.

On a big down day, here are your top hybrid movers to review from Exodus. As always you can follow along with my trades in the Exodus chat room. The Fly has been absolutely on fire there with his overnight hold selections. You should be there.

Here’s your weekly look at the top 50 ranked stocks inside iBC’s trading software, Exodus. The following names lead the way in terms of their overall hybrid score, meaning their combined financial & technical score. Also, every name on this list maintains positive free cash flow, meaning these companies actually make money.

I’ve imported the top 50 names for your viewing pleasure, this week’s TOP 50 can be found HERE. Note: We have some oil stocks making the list this week due to the sub rosa score moving higher, thanks to the push late in the week from the commodity. Your top ten in ranking can be found below:

Have a good weekend all!