iBankCoin
Joined Jan 27, 2008
7,229 Blog Posts

$TSLA The Gift That Keeps Giving

$TSLA shorts were in the vice grips once again today as Jefferies upgrades the stock to $400. A member asked me if I was going to take profits on my shares after this large move? I told him it is tempting and it’s likely the prudent thing to do, but I will continue to press my luck here.

As we start another week, let’s get back to our momentum screen, which has $TSLA leading the pack. $ROKU is also on the screen and is putting up a fight after missing expectations in their latest quarter. And, $TDD, how can you not love that move today? The chart is ripe for higher prices there. Here’s a look at today’s full screen: CLICK HERE FOR CHARTS

$ACAD made fresh highs here, and is worth a shot over today’s high. $PTON wants to squeeze, and a very good friend of the site says to watch $TWOU here, so that’s what you should do.

See you guys at the open…

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Weekend Top 50; Go Tigers!

It was a week full of earnings and back and forth jabber on the China trade deal. It was also LSU/Alabama hate week. Through all of it, the indices forced their way to fresh-all time highs, and closed well to end the week.

Inside Exodus, stocks are ranked by a combination of their technical & fundamental score, we call this the hybrid score. With stocks at fresh highs again, here are your top ranked names: CLICK HERE FOR THE TOP 50.

This list changes daily, members can bookmark the link HERE.

Have a good weekend! Tigers over Alabama 28-24.

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$TSLA Charges Higher And Finds It’s Way Back To The Momentum Screen

$TSLA has been on fire since the summer lows of 2019, one can’t help but to think the squeeze is on all the way to the magic target price set by Elon himself, $420. Fintwit, meaning Financial twitter traders, were out in masses calling out the breakout today. Let’s see if the momentum will carry over into tomorrow’s session, the chart definitely supports a move higher from here:

Other than TSLA, momentum has been hard to spot this week. Biotech has been notably strong over the last week, but can be a hard industry to trade. Oil names started the week strong, but took a nice pause today. And, does one really buy $AAPL up here @ $260?

So where do we go from here in the overall market? Is it time to pullback to lower trend support levels? or will the market continue to squeeze higher? I’m waiting for some key tells, but so far I got nothing.

Earnings season is in full swing and a trade deal seems to be delayed another month, continue to watch for landmines here. As for what worked today, here is the momentum screen imported from Exodus: CLICK HERE FOR CHARTS.

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More Fresh Highs; Here are your Movers

Once again, the market is hit fresh new highs today and the Exodus hybrid screen is screaming. Today’s list produced over 300+ names that have a move greater than 25% in their respective algorithmic score.

For those that feel like doing a little chart surfing before the close, CLICK HERE for the imported link. Members can bookmark the screen HERE.

My favorites to watch this week include:

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Gene Munster Says $AAPL to $350; Guy Adami Says $FB Deserves To Trade Significantly Higher (Video Recap)

Gene Munster, the former great $AAPL analyst, weighs in on both Apple and Facebook in the video below. He states that $AAPL should be valued as a staple, and deserves a multiple like $PG. He then states that new analysts are pussies and proceeds to give a big dick target of $350.

Guy Adami gets a damn woody recapping Facebook’s numbers, stating operating margins are as high as he can remember, free cash flow 5.6 billion, better than the street was looking for. Guy is a bit confused why $FB is not trading much higher here.

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We get our Fed rate cut, Apple’s next 8 quarters are crystal clear, and Zuckerberg doesn’t budge as Twitter’s Dorsey cuts political ads. Goldilocks.

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Is It Time To Buy Oil Stocks?

With the market hovering around all-time highs, will oil & oil stocks stay deflated into year end? Oil has recovered a bit since almost breaching $50/brl over the summer, and now the fight for $55 is here. So long as oil holds $55, I think you can start picking at some of these oil names for a trade. Over yesterday’s high in the commodity, $56.92, let’s say $57, and you need to be on guard for a breakout in black gold. Under $50, and all bets are off in the oil patch. See the multi-year weekly chart below:

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The reason I bring up oil tonight, on this fine fall night, is because the hybrid screen inside Exodus is firing tickers at me within the oil industry. Based upon our Algos, the following names saw big jumps in overall score:

For the full list of today’s hybrid movers: CLICK HERE FOR CHARTS. Are you buying oil stocks here?

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