iBankCoin
Joined Jan 27, 2008
7,268 Blog Posts

ENTER YOUR PICK FOR OUR 13TH ANNUAL MARCH MADNESS TOURNAMENT

It’s time for the 13th annual Stock Madness tournament. That’s right, we’ve been doing this shit for twelve years, and it’s that time of year again. This is probably my favorite contest of the year. I love seeing how the brackets play out each and every single year with ohh so many heartbreaks. And, what an honor it is to land on this Hall of Fame list below.

Gentlemen and @Jungle, here is 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 – Jersey Whale

2019 — Boriscahall

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The 2020 Games begin today. Registration is now open! To enter this tournament, the rules are very simple:

  • Place your stock pick in the comment section
  • No duplicate picks (time stamp wins out so make sure to do some due diligence in the comment section, or you may lose your spot).
  • NO ETFs
  • And, stocks must be over $10

The tournament will begin this upcoming Monday, with Friday’s closing price as your starting point.

The tournament will run for six weeks: head to head with a new opponent each week.

The winning percentage for that week will advance to the next round.

Scores will reset each week to make a level playing field.

I’ll be going with $TWTR this year as my pick. The bluebird is mine. Good luck all, you may now enter below in the comment section.

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GOLD, SILVER, BITCOIN….END OF TIMES

With a title like that and the Corona virus killing heads of major hospitals in Wuhan, what’s really going on as we begin 2020? I saw a lady this morning on CNBC, with a straight face, say that $TSLA is going to $7,000. I saw traders/investors gobbling up AAPL after the company announced guidance will be cut due to the virus. What world are we living in?

I’ll tell you, a world with fake meat (see post). It really must be end of times. Bitcoin is back above 10,000 and the gold miners all look ready to break the hell out, check out a few charts below:

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Those charts above all come from today’s momentum screen, the full screen can be found HERE.

And, the tweet of the day comes from myself. I feel that strongly about it:

See you guys at the open…

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Weekend Top 100

Here’s your weekly look at the top 100 ranked stocks inside our trading software, Exodus. The following screen searches for stocks that have a high combined technical & financial score, aka The Hybrid Score. I did not add in any volume filters this week so this is a pure list of the top 100 stocks in the market.

The following results are sorted by market cap, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE. Non-members have no fear, the top 100 names can be found HERE.

Here are a few of my favorite charts from this week’s screen:

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FAKE MEAT TO MAKE A RUN: LONG $BYND

$BYND looks great here as we end the week, up a cool 4% to start the day. Under yesterday’s low, $111, and I am less enthused about the trade (meaning that’s where you want to have a stop in place). Full year 2019 earnings are expected on February 27th so this could be the beginning of a squeeze into the report. The technicals favor a big move, keep it on watch here:

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Disclaimer: Long

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Disclaimer: I AM LONG THIS STOCK

Going into the long weekend, I think you got to have $NNVC on your radar. Nanoviricides, ticker symbol NNVC, is the leader when it comes to the COVID-19, aka the corona virus stocks. Similar to how bitcoin is the leader for Alt. Coins. NNVC was the first to move, and move bigly. The other virus stocks take cues from NNVC.

We basically have proof that China is lying on the number of people infected by this virus. We also have confirmation that the virus can be spread without showing symptoms. Either this COVID-19 is “Just the flu” or something worse. The action in stocks today said that this is “just the flu”.

We will know soon how serious this is, likely by the time we come back on Tuesday. While we wait, I’ll be hiding out in $NNVC.

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Under $7, and the trade likely becomes a bust. Make sure you have your stops in place and plans for position sizing should we get another stock offering, diluting shares.

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One Objective Here, Maybe Two

It’s been tough to find actionable ideas the past few days as all of the momentum traders seem to be fixed on crypto currency. And, rightfully so as Bitcoin passes some big retests and now appears to be on the next wave pattern. Some are even calling for old Bitcoin highs, that’s 20K, in the next few months. There is a catalyst on the horizon, which appears to be the biggest date in Bitcoin, the halving.

As for stocks, we are still in the meat of Earnings season and the Corona Virus is still in the air. Stocks do not care. There is only one objective here, maybe two, and that is Dow 30,000 & NASDAQ 10,000.

Some new individual names to add to the watchlist tonight come from the “Breakout” screen inside Exodus:

The full screen can be found HERE.

As for crypto coins, I’ve polled some pros and they all seem to agree on Tezos, that’s symbol $XTZ.

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