Mon May 4, 2020 10:55am ESTComments Off on It’s Monday, Here Are Your Movers
Stocks are holding up pretty good considering the overnight session and short sellers find theirselves asking is it time to cover again? If we do squeeze higher, here are some names to watch, all with a high percentage of short sellers: CLICK HERE FOR CHARTS
Here are the top ranked stocks, with high shorts:
As far as our momentum screen inside Exodus, here are the early candidates:
Stocks trending on higher than normal volume today include, and the focus list this am:
Fri May 1, 2020 9:33pm ESTComments Off on 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 FOR CHARTS
This week’s list has a heavy concentration in the gold miners, with $HMY taking the number one spot. We also have a bunch of small caps lotto plays making it on to this week’s list. Here are a few of my favorite charts from this week’s screen to put on the watchlist:
Mon Apr 27, 2020 6:46pm ESTComments Off on The Financials Showed Up Today
After going through Monday’s momentum scan it’s kind of hard not to lean bullish this week. The financials have been lagging throughout the whole shutdown, but that changed today as the bulls waived the $FAS flag. Just have a look at my charts below, from $BAC to $JPM to $FAS, to the Almighty $GS, they all look ready to come off the bottom:
In addition to the financials above, here are some other charts worth watching from this week’s momentum scan:
For those interested in Monday’s full momentum screen, all 300+ names: CLICK HERE FOR CHARTS. Members make sure to bookmark scan HERE.
Note: We have a big Earnings week ahead, make sure to check your earnings dates:
Earlier today, The famous Jim Cramer from CNBC said he likes to pick a stock that encompasses the market as a whole, a market tell. Right now he sees that tell as $WFC. Wells ended the day down slightly, but the daily chart is even more troubling. The March lows were at 25.11, but those lows may be in sight very soon. the financials in general, all look very similar and very weak. Have a look at the daily chart of Wells:
We have more economic data in the morning, but bad equals good as of late. Just look at oil, the commodity trades negative yet the oil stocks are flying. I have yet to get a good handle on the market here and mostly laying low with new swing trades. I made a rookie mistake buying USO, but was able to escape that death trap yesterday with a nice loss. I almost swore off ETFs as a whole, but then made a great trade in SQQQ that same day. I may go for puts or simply shorting the indexes next, I just don’t trust the ETFs anymore.
As for momentum today, it was found all over. Here is the latest momentum scan: CLICK HERE FOR CHARTS. $GRUB caught my eye from today’s scan, $GDX still solid, but I’m just not enthused to buy stocks.
Chamath Palihapitiya catches a lot of flack as of late, but I agree with him wholeheartedly in his interview on CNBC today. Prepare for mass layoffs in September when the PPP programs ends, just in time for Christmas. This market has just about everyone fooled. And, the IRS indeed knows how to get money to every single American. What a joke this is all becoming, and surely as I type, the government still has my businesses shut down. Watch the banks here for tells, and give the video clip a view too.
This week’s momentum scan looks a little different from previous momentum scans as more and more inverse ETFs pop up on our list. $SQQQ was one of the top tickers on Monday’s scan and I decided to take a stab at it. Have a look at today’s momentum screen HERE.
Besides the inverse ETFs, here are some individual names I like from this weeks’s screen. Like Gold? $GDX, the miners look ready to breakout, I’m watching for a move above $31. $PAAS is flagging for your silver lovers.
How about that $SDGR? A name I highlighted last week finally saw a big breakout, after a nasty little shakeout to end last week, and continues to make the Monday scan. $LYFT is even showing signs of life, but needs to stay above $30 for me to get behind it. And, $SMAR saw a nice breakout on Monday, but I have a hard time getting behind it up here.
The signal is here for Q, and it’s $SQQQ, until I get squeezed out. See you guys at the open…