iBankCoin
Joined Jan 27, 2008
7,176 Blog Posts

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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China Lands On The Momentum Screen

It’s Monday, and it’s time to spot momentum to start the week. Today’s screen produced a little over 100 tickers at the close, the day we closed at fresh all-time highs. What was clear to notice from today’s screen was the number of China related names that look good to run on further strength, most notably $JD.

For Exodus members, make sure to bookmark this screen HERE to view during market hours.

For non-members, I’ve imported today’s screen to finviz for your viewing pleasure: CLICK HERE FOR CHARTS.

Now that fresh highs are here in the market, let’s see if China names can get up and go here. Here are the ones to watch this week:

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Five Points Away From All-Time Highs; Here Are Your Top Ranked Stocks

Here’s your weekly look at the top 100 rated stocks inside iBC’s trading software, Exodus. The following screen searches for stocks that have a high financial & technical score within our system (aka The Hybrid Score). I’ve left the screen in its original form, leaving out a filter for volume this week. This is a true top 100 screen.

The results below are sorted by average daily volume, not the actual ranking. To view the actual ranking system, premium members can click HERE.

I’ve imported this week’s list for your viewing pleasure: CLICK HERE FOR RESULTS. Below, you can find my favorites:

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Bitter Sweet Day; $TWTR REKT

Twitter, symbol $TWTR, got me once again as the stock was manhandled today in response to its latest quarterly report. Today was supposed to be a good day after the nice $TSLA reaction, but the two cancel each other out making it just another day.

Inside the room of Exodus, biotech tends to be the talk, and there was big talk on $TROV & $BNTX. Keep an eye on those two. In after hours, $AMZN disappoints the street, while $INTC raises outlook, leaving us with a mixed bag once again.

As far as momentum, here were the names that had it today:

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The S&P 500 index also held the all important 3,000 level:

And, if you are wondering if I sold $TWTR? I have yet to sell a single share. It is likely dead money for now, but I will HODL.

See you guys at the bell…

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The Gift That Keeps Giving

I bought shares of $TSLA while lesser men were tossing shares out the window. Over the summer, TSLA cracked below $200 and the bears were out in full force guaranteeing victory with a price target of $0.00, no Doug Peterson. I ended up buying shares for myself as a Birthday gift just as the summer was getting into full gear, see my post HERE. For those that followed me in, Happy Birthday to you, as we trade through $300 in the after-hours session.

Now all we need is $TWTR to come through with a solid report tomorrow. I did good dumping $SNAP ahead of their recent quarter, but I’m all in for $TWTR.

I’m heading out to the kid’s school fall festival, but I’ll leave you with today top tickers on the Exodus momentum screen. Tomorrow should be a good day, indeud.

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Still Struggling with 3,000

The S&P 500 failed miserably again, at the 3,000 mark, closing at the lows of the day. The after-hours session did not help the cause as more disappointing numbers hit the tape. 3014 was the high of the day and now becomes an important level if this market is to break higher. We still have a bunch of quarterly reports on the way so be on guard for anything.

With today’s weakness, we still had a number of large hybrid movers hit Exodus, nearly 200 tickers. For those interested in the list, I’ve imported them to finviz: CLICK HERE FOR CHARTS

Charts to watch as we end the week can be found below. These are my favorites from the above screen:

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