Championship Week

Well, first let me congratulate the girls over at Norte Dame for taking home the trophy in the woman’s NCAA tournament. Tomorrow, we will crown a new champion for Mens, between Michigan & Villanova.

As for our very own March Madness tournament, we will decide a winner this week from either the North, Dishogby, or East, Jersey Whale. Click here for a Bracket update.

Good luck this week guys! One of you will forever live in the iBC Hall of Fame:

2008 – The Fly

2009 – Wabisabi

2010 – SC

2011 – Chivo

2012 – Zephler

2013 – Rhino

2014 – Adam 

2015 – Andy Swan

2016 – PB

2017  – KY Trader

2018 – (Dishobgy or Jersey Whale)

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Exodus has many tools. One cool feature is the ability to screen for stocks that are oversold with a high probability for profit within five days. Now nothing is guaranteed using statistics, but I like the ability to find ideas with a calculator brain when knife catching.

Let’s go ahead and take a partial look at tonight’s screen. The tickers below are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 3% with a 5 day holding period:

Note: My favorites from today’s screen include: YY, SINA, BIDU, & BABA, which means watch for a bounce in China.

Exodus members can bookmark this screen HERE to view at anytime. Members, be sure to bookmark link.

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If you are anything like me, then you are probably looking for a few things to trade this morning. One symbol that peaked my interest from today’s runner screen is the letter $X. This stock was just trading as high as $47, before we had any sort of correction. I like it here, with a stop under recent lows.

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$FXI, China, is also out in front this morning. So if you want China? Check out $WUBA from today’s Exodus screen:

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And, $TAN, Solar, surprisingly is one of the top ETFs this morning. $JKS, a position of mine, is also on today’s screen:

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For a full lineup of today’s runners: CLICK HERE FOR CHARTS

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The final four is set for our 11th annual Stock Madness Tournament. In the North, we have Dishobgy. In the South, Mad_Scientist. In the East, Jersey Whale. And, in the West, Tonka. CLICK HERE FOR UPDATED BRACKET

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Will it be Silver ($PAAS), or Cyber Security ($PANW) this week?

Will is be Oil Fracking ($SLCA), or Biotech ($SRPT) this week?

This championship will be set after this week, with only one member making the iBC Hall of Fame. Here are the former legends:

2008 – The Fly

2009 – Wabisabi

2010 – SC

2011 – Chivo

2012 – Zephler

2013 – Rhino

2014 – Adam 

2015 – Andy Swan

2016 – PB

2017  – KY Trader

2018 – …

Good luck this week all!

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Oil is breaking out today, now trading above $65, and the Exodus runner screen is lighting up with a bunch of names within the industry. For those that feel like doing a little bit of chart surfing this afternoon, here are today’s runners: CLICK HERE

My favorite oil related names from today’s screen are found below. Watch the deep water drillers and Fracking plays, they can squeeze the most with continued strength in oil. I am long the $RIG:

 

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Solar is the bright spot today after UBS upgraded $JKS with a price target of $26, and $CSIQ beats & guides higher. This follows a big upgrade of $FSLR last week. Indeed, solar panels are hot.

On today’s runner screen inside Exodus, SPWR, JKS, CSIQ, & $JKS have all made today’s screen.

My favorite, and leader of the industry, is FSLR. Above today’s high and I think you got to be a buyer.

I am long both $FSLR & $JKS. Let’s see if they have legs this week. Devloping….

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