iBankCoin
Joined Jan 27, 2008
7,151 Blog Posts

All-Time Highs Are In Sight; More Charts To Review

3028 is the recent high for the S&P 500, and I thought early on we might break through it. However, that would have been too easy, and the result may have been a failed high as the buying dried up late in the day. I like this setup better, a pause, then break. We could very well put in a doji candle tomorrow, which could give more fuel when we break to new highs. I’ve also heard talks of triple tops too. I’m ready for anything.

While we prepare for new highs, let’s get a fresh look at the hybrid screen. Today we have fewer results, but still a bunch to work with. For those that want to view the whole screen without filters, I’ve imported to finviz for your viewing pleasure: CLICK HERE

Charts are interest from today’s screen include:

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Note/disclaimer: I bought some $NVTA today. Let’s get some new highs.

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Futures Point Higher; Here Are Wednesday’s Hybrid Movers

The futures got started early this evening, and technicals are starting to point higher. The small caps are running like mad, and The Fly is trading them well inside Exodus. Our overall hybrid screen is littered once again with tickers, so let’s take a look at the screen for tomorrow’s trading session.

I’ve imported today’s full screen for non members HERE. If you have some time make sure to sort through the list, there are a some gems inside. For those with little time, I’ll highlight my favorite setups below:

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AppleTV+ Service To Start At $4.99

The Apple event is taking place today, but it appears to be a non-event for $AAPL the stock. On the flip side, shares of $ROKU, $DIS, $NFLX are getting “REKT” on the news of a low price streaming service coming from Apple. It appears that Apple is coming for big share of the streaming business as it will be pricing the new TV service at $4.99/mo. Who is not going to sign up for that if you are already in the Apple ecosystem?

The iPhone 11, the new iPhone, is basically the iPhone XR rebranded with a better camera. You get wide shots, and slow motion selfies with the 11. The new phone will also start at $699, a relatively lower price point.

The company is also refreshing the watch, with new health features, and refreshing the iPad once again. Apple did announce that anyone who buys an Apple product will also get 1 year free of their new Apple+ service.

Update: There is also a new iPhone 11 Pro, which will have a higher price point and comes with a third camera. The Mickey Mouse jokes on Twitter ensue:

You can stream the event on Apple’s website: Apple.com

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Oil Starts The Week Higher

The strength today can be found within the oil & gas industry as the commodity is up nearly 3%. We welcome this as we were watching for a breakout in the commodity last week. Today, $USO is on top of our momentum screen:

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$APA is a name I picked up last week, and continues to look ripe for a bounce higher. The ticker continues to hit our screens today:

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Outside the oil & gas industry, $FDX made today’s screen, as did $TEVA. Both charts are worth an eye here:

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For a look at today’s momentum names, in chart form, CLICK HERE FOR CHARTS.

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I Bought SNAP Along With The Rest Of Twitter

I bought $SNAP as it traded through $16 this morning. There are many eyes on this chart which always leaves me a little concerned, but I love the chart setup. It’s also my stock pick of the year for 2019: CLICK HERE.

Happy Friday.

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Momentum Is Back, For Now

The bulls are putting together a nice follow-through day with the financials roaring. Oil is also putting in a solid day, and managed to break through some resistance levels. Our $SLB buy yesterday has been straight up as the company came through yesterday and announced that our 6% divi is SAFU.

Our momentum screen is lighting up this afternoon with nearly 300 names to sort through. For those that fell like doing a bit of chart surfing, I’ve placed them in Finviz for your viewing pleasure: CLICK HERE FOR CHARTS

Tickers of interest here include:

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