Stocks are trading to the upside as we start a new week and fresh new quarter. Out the gate, names like SQ, TWLO, CLF, YELP, DDD, & KBH are squeezing to the upside.
I’ve uploaded our Exodus runner screen to finviz to give you a clear view of what is squeezing higher as we begin Q4: CLICK HERE FOR CHARTS
Healthcare leads to start the week:
The bulls did a good job on Friday dressing windows to end the third quarter. Both, Technology & Healthcare, lead the way higher on Friday, all while utilities sold off. The bulls need the current leaders, Healthcare & Tech, higher to continue this historic run. Let’s see if they continue as we begin Q4.
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On a weekly basis, your industry leaders are found below. It’s hard to get bearish when the semiconductor chips are leading, it’s always a good sign for the bulls. Also, look at the 3D stocks finding their way back on our weekly hybrid screen:
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And, for review this weekend, the following names have 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 SOHU, TTD, BABA, WDAY, WYNN, & RENN:
I’ll be back later with some top ranked stocks within our system. Have a good weekend all!
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Elon Musk doesn’t just want to take humans to Mars, he wants to use his next spaceship to take them from New York to Los Angeles, in 25 minutes.
Traveling at roughly 18,000 miles an hour at its peak, voyagers could cut trips that take several hours by airline—Los Angeles to Honolulu, Hong Kong to Singapore, New York to Paris—in less time than it takes to get your first drink on a normal flight.
Roughly a half hour from New York to Paris, for the cost of a full-fare economy seat, he says. READ MORE
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$TSLA is gapping higher this morning, with a lot of fresh shorts in the name. Keep it on your radar today.
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Piper Jaffray is out with some interesting notes today. The investment firm reiterates its overweight rating for Tesla shares, predicting the electric car maker will thrive in China’s auto market. Piper notes,”China could eventually be Tesla’s biggest source of revenue,” the firm’s analyst writes.
“If Tesla sidesteps [its] obstacles by making EVs locally, the company may be well-positioned to build on its recent successes … The company was wise to delay investment, but once these JV-related policy details are finalized, we expect Tesla to announce its China strategy in relatively short order.”
The analyst reaffirmed his $386 price target for Tesla shares, representing 12 percent upside to Tuesday’s close.
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I like the location of $TSLA here as long as it holds the 340 level. The trade is easy to manage with a stop under recent lows. I took a position here, and will be keeping my stop tight. The other side of this slope is steep. Developing….
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It’s a tug-a-war battle this morning as both bulls & bears fight for control. If the bulls do get the upper hand here, keep an eye on $BABA for possible move back to previous highs. The stock landed on top of our runner screen this morning, inside Exodus, and looks good to squeeze fresh short sellers. Here’s a daily look:
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Other names to watch from today’s screen include: FIT, SPWR, LITE, AAOI, PBYI, ACIA, and dare I say DRYS.
CLICK HERE FOR TODAY’S RESULTS
Be careful out there today….
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In the strange world we live in $TWTR is trading higher in after-hours on news that the company will be expanding the character length from 140 to 280. The company states it will test this out with a small user base before opening it up to everyone.
“Although we feel confident about our data and the positive impact this change will have, we want to try it out with a small group of people before we make a decision to launch to everyone”
“We will be collecting data and gathering feedback along the way,” it said. “We’re hoping fewer tweets run into the character limit, which should make it easier for everyone to tweet.”
Before today’s news the stock fell back and closed below the 200 day moving average, a bearish signal:
