Joined Jan 27, 2008
7,290 Blog Posts

Abandon Ship?

That was the text the came through this afternoon from my younger brother, “Abandon Ship?” He was referring to his positions in his IRA, wondering if it is time to sell his stocks. My reply was, “I’m not sure.” With Interest rates falling, where else will people go for yield? But, with stocks just off all-time highs and currency wars at hand, now is not the time to be a hero.

A lower open likely gets ugly fast as people ponder this question, then Abandon ship. So watch for things to get fast should we see a red open. A green open likely gets sold as well, so I’m not looking to sink my teeth in a bunch of oversold plays. Also, we are still in earnings season, here are a few notable companies reporting:


Here’s your Monday Momentum screen, littered with inverse ETFs:


Bulls need to hold the line here:

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$NVTA: Technical Watch

$NVTA is Wall Street’s latest biotech darling, even Citron is on the bandwagon calling for $100 price target. If you are unfamiliar with the company, now is the time to do a little research.

The technicals looks great here with the stock trying to push to fresh new all-time highs. Keep this one on the radar here, it can get fast above today’s high, $26.77:

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Gold Has The Momentum To Start The Week

What an ugly way to start the week as momentum names got absolutely clipped on no news. It’s Fed week, so nothing else matters, not even earnings. $AAPL earnings are on deck, but it likely will be a non-event. The market only cares about an interest rate cut.

Gold led the charge higher with $JNUG & $NUGT being the safe haven. Oil tried to get moving towards the end of the day and even closed green. Should we get a rate cut get ready for inflation and the $100 tomato. My guess is we see rates unchanged.

As for our momentum screen to sort through to start the week, here are the names: CLICK HERE FOR SCREEN.

$TSLA had a nice bounce back, $HEXO had a turnaround day, $OSTK continues to squeeze higher, $AKS is worth an eye, $HUYA is a buy with the esports hype, and $CHWY closed the day out like a man.

It’s a dangerous week to trade, so make sure to watch out for landmines.

Less is more.

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Earnings On Deck

Here’s a look at your important earnings dates this week, all laid out beautifully by Earningswhiper. Make sure to give him a follow.


It should be another fun week with $BYND kicking things off Monday afternoon, then $AAPL on Tuesday. $TWLO is also interesting here with the stock building a nice base since March. $SQ & $SHOP on Thursday. It should be a fun week.

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Weekend Top 100

Here’s your look at the top 100 rated stocks inside iBC’s trading software, Exodus. The following screen this week searches for stocks that have a high financial & technical score within our system (aka The Hybrid Score), and trade over 500,000 shares in average volume.

The results below are sorted by average daily volume, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE.

I’ve imported this week’s screen for your viewing pleasure, and it’s clear that the financials found their footing and have some of the best charts going forward:  CLICK HERE FOR RESULTS.

Here are a few of the current large cap leaders:

Have a good weekend all!

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The Gold Miners Continue The Breakout After The Breakout

Gold was the standout today with $JNUG and $NUGT showing you guys how it’s done. I forget how fast these things can move when the juice is there. It’s no secret that the Gold miners continue to littler our Exodus momentum screen. You can shift through today’s screen HERE.


As for stocks, just yesterday they were declared dead along with $NFLX. Now $MSFT comes through with a solid report giving life to a continued bull run. And, how about that $AAPL upgrade to $250 this morning, the stock looks ready to run here:

The financials also look good for a trade here– specifically $GS & $BAC. I am already long the $GS, and may look for some $BAC calls in the morning. The charts can be found below:

$TWTR is also a top favorite here, and had a nice bounce near the 50 day moving average. I believe earnings are Next Friday, and I will be rolling my common and calls into the report.

And, how about the $ROKU. The stock that looks ready to go parabolic. The stock that is on the forefront of the streaming movement. The company that had robust sales for Prime day. They couldn’t wait to buy up the opening dip from NFLX this morning, which gave us a nice low to trade off of, $106.57. I own the name, and will use that low to define my risk from here.

Speaking of lows, $REAL gave us a low to trade off of, $22.91. Very bullish action into the close. I’m not long yet, but will be looking for a dip to buy:


And, last but not least, a speculative pick for Friday: $KPTI. I only bring it up because it has been flagged on our MOMO screen several times. The chart looks ripe too. Keep it on watch here:

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