Stocks Having Their Worst Day Since September 5th

According to CNBC, stocks are having their worst day in nearly two months. With the S&P not even down 1%, I find it pretty comical. I, myself, have not done much this week as we get into the meat of earnings season. I did however, take a flyer in HMNY at 11.42 for fun– lows need to hold here for me to stay.

As for today’s leaders, it looks pretty bleak with only 3 industries green on the day. Have a look below:

__

As for potential runners on the day? $DRYS still shows up #1, but let’s omit it as nobody likes to speak of the name, and focus on $GRUB. Have a look at today’s screen:

The runner screen is lighting up with a bunch of trash this morning as the indices start to slip away. Have traders/investors run out of places to put money? Check out this morning’s runner screen:

$AMD is out in front, leading for the chips, and Solar even has some momentum. Both $FSLR & $SPWR are squeezing this morning, with the $RGSE lotto play right behind. Speaking of lotto $DRYS is on top again:

__

We also got the powerful break in $RENN this morning, as it looks like speculation is alive and well. Other names to watch from today’s screen: EMES, MVIS, & RH

Even $SHLD & $JCP made the list today, solidifying today as trash day. What are you guys watching here?

The bulls did a hell of a job this week fighting off bears, as the Dow managed to stay green the entire week as well as close in new record territory, 23,000.  To end the week, bears were skinned alive as every sector was well in the green, minus Utilities.

On a weekly basis, your industry leaders can be found below. Retail short sellers saw the most pain this week as many retailers moved up in hybrid rank. Drug stocks also had a strong showing this week:

___

For review this weekend, the following names had the largest move in Hybrid score inside our trading software, Exodus. For those of you confused as to what the hybrid score is CLICK HERE.

Into next week, let’s keep an eye on: TERP, TRUE, TWLO, & FLR

Have a good weekend all!

Here is everything you need to know about today’s trading day, just from looking at today’s hybrid screen inside Exodus:

1. The Chips are still hot, and when I say chips, I mean Semiconductor stocks: See $MU, MRVL
2. Warren Buffet appears to be wrong selling his shares in $IBM, up a cool 9% today (which is a huge move for big blue).
3. Steel is back in play, the wall is indeed coming: AKS, X
4. The China squeeze continues, stick with the best: BABA & JD
5. Somehow Sirius radio is alive and well, as $SIRI looks to break to fresh highs on the year.
6. Never bet against Tesla! $TSLA now firmly back above the 50 day moving average
7. There are a bunch of nervous short sellers: DKS, EFX, SYNA, & SHOP
8. There are a ton of mattresses being sold across the globe due to natural disasters : SCSS
9. There are also a ton of people who apparently need to find the true value of their automobile: $TRUE
10. And, Google is still king! Long the $GOOGL

Here is Wednesday’s full hybrid screen: CLICK HERE

Inside the trading room, within the confines of Exodus, we took a position in $RDFN as it was threatening to break $26. This recent iPO has been toying with these levels for weeks now, and may finally be ready to move up and out of this range. Check out this beauty below:

__

Another position that we own, is $OLED. The stock is hovering near last week’s highs, and looks ready to test all-time highs in the very near future. Let’s see if we can get some movement above $136.40:

__

Be sure to visit the chat room inside Exodus for more trading ideas.

Well let’s start with Tesla, since that seems to be a hot topic around here. I sold my recent long position for a minor gain, I did this because a man I trust more than all the analysts at Morgan Stanley went bearish on the name in the short term.

Another thing I’ve done this week is purchased The Fly’s book on Amazon. He gave me a free copy, but this is what you do when someone puts their heart and soul into their work. Go get your copy NOW.

Let’s see…. what else have I done this week. Well, I purchased shares in SnapChat, I told you guys to watch that $15 level #fireworks.

What else…I purchased $DRYS this week as it landed on the runner screen inside Exodus. I did not tell anyone, because I knew I would lose money. It’s a dumb bet.

I also got to walk through my first commercial project this week. My first strip center. Call me a young Donald Trump. No, wait. Don’t call me that.

And, I’ve also spoke to an old friend. He’s assured me that $BBRY is going much higher, much much higher.

See you guys at the open.