iBankCoin
Joined Jan 27, 2008
7,072 Blog Posts

Banks Lead Again To Start A New Week

The banks are all over my hybrid screen once again as we start a new week. Last week, a whole lot of nothing followed after a strong Monday. Will it be the same this week? or do we get a breakout in the banks? The $XLF is right smack on the underside of the 200 day moving average. Let’s see if the bulls can regain the all important long term average.

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From today’s top hybrid movers inside Exodus, here were the standouts in the financials: $BAC, $C, $WFC, $GS, & $JPM. It’s funny to even write $BAC & $C in the same bullish blog after watching the whole financial crisis. I should have just loaded my whole account in the names, but such is the life of a trader.

Other names to watch from today’s hybrid screen are as follows: JCP, KSS, EXPR, MARA, HFC, FIVE & LULU

Full a full look at today’s movers: CLICK HERE

 

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Stocks To Watch This Week

Here’s a look at a few names I will be watching this week. If we see continued strength in oil, I like $SLB here right on the 200 day moving average. Same goes to $VLO if we see strength in the refiners, this one sits just on top the 100 day moving average. Good point of references for both.

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Conversely, if we see oil fall back below $70, I will be watching one of the airlines, $LUV:

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If the Material names start to move, look no further than $X. A move above 36.84 likely gets this one in motion:

$SE – This is one of my favorites here, one that I will be stalking over $16.10. This one has potential to be a monster:

$DOC – If the iPO theme starts to work, keep an eye on this one. watch for buyers to step in over $56:

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I’ll update our watchlist after I see tomorrow’s hybrid list. Let’s make it a good trading week. See you guys at the open.

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There Is Always A Good Ticker To Be Found: $BJ

Shifting through today’s top hybrid movers inside our software Exodus, I’ve come across in new ticker, BJ. This may be my new favorite ticker within the entire market, not because of the underlying company, rather so the ticker symbol.

This recent iPO popped up on today’s screen with a +51.14% change in overall hybrid score. A move above the recent high of $25.76 should set this thing on its natural course to $30. Here’s a 30 minute view below: (I’m a buyer on strength)

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For a look at the other hybrid movers inside Exodus, (CLICK HERE FOR CHARTS)

A bunch of goodies from today’s screen: HUYA, EXEL, UXIN, CRSP, CBLK

See you guys at the open…

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The Banks Lead The Charge This Week

The banks got the much needed bounce to start the week as the $XLF, the ETF that tracks the financials, was close to breaking support levels last week. Now the bears get to defend the 200 & 50 day moving average, see below:

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Inside Exodus, our hybrid screen is littered with financials: $GS, $MS, $BAC, $JPM, & $WFC all lead the charge. For a look at today’s full mover screen in it’s entirety, click HERE.

I’ve listed my favorites below, so keep an eye on these as we begin the week:

See you guys at the open…

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4 Charts For The 4th of July

Here are four charts to watch as the market resumes on Thursday, all of which come from the momentum screen inside Exodus. The first is a recent high flying iPO, $PS. Watch for continuation and a move back up to $30 if we can knock out Monday’s high. This was was at the top of our MOMO screen.

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Next up is $SE, which presents to us a a nice little falling wedge pattern. This one is in a very hot sector, online gaming, and looks poised to break higher. The MOMO screen says keep it on watch here:

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Surprisingly, select retail names are not only holding up, but performing nicely. One of the leaders here is $URBN. Flagged on Tuesday’s screen, let’s see if we can break to 52 week highs here.

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And, if the bottom falls out of the market here, look no further than $SQQQ. This is the ETF which shorts the NASDAQ, so if you think the market is due to correct here, this might be your play. The MOMO screen likes it.

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Happy Fourth of July All!

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Momentum Monday

As we close out the first trading day of July, here are a few names to watch into this shortened holiday trading week. The following names below all come from today’s momentum screen inside Exodus. I will be looking to buy strength:

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The full screen can be found for members HERE. Make sure to save and bookmark it, and don’t forget to follow along with us inside the trading room.

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