Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month.
Let’s take a look…
Check out crude’s upside resolution to fresh five-month highs:
Yesterday marked the completion of a tight bull flag – a typical characteristic of an uptrend.
The path of least resistance points higher toward our 95 target.
However, I would be remiss not to mention momentum. The 14-day RSI has yet to register an overbought reading above 70.
This isn’t an immediate concern. But if the crude oil rally does have legs, momentum will reach overbought conditions. In fact, the energy sector's recent performance is showing no signs of stress.
Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month.
Let’s take a look…
Check out crude’s upside resolution to fresh five-month highs:
Yesterday marked the completion of a tight bull flag – a typical characteristic of an uptrend.
The path of least resistance points higher toward our 95 target.
However, I would be remiss not to mention momentum. The 14-day RSI has yet to register an overbought reading above 70.
This isn’t an immediate concern. But if the crude oil rally does have legs, momentum will reach overbought conditions. In fact, the energy sector’s recent performance is showing no signs of stress.
The Oil Refiners ETF $CRAK is trading at all-time highs, and the Energy Sector ETF $XLE isn’t far behind. Plus, energy stocks are popping up everywhere on our bottoms-up scans—from the International Hall of Famers to Freshly Squeezed.
It’s not just oil and gas names. Natural resource stocks are ripping through our breakout levels,...
Here's this week's crypto roundup. It's an opportunity for us to take a step back, set aside the distractions, and delve into the key charts shaping the crypto complex.
This week, we analyzed the state of Bitcoin's profitability on-chain and what that means for you.
Welcome to TheJunior International Hall of Famers.
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let's dive right in and check out what these future big boys are up to.
This is our Junior International Hall of Famers list:
Last week, we released a Freshly Squeezed report detailing long setups in some of the market's most heavily shorted stocks.
This week, we got fresh short sale data from FINRA as well as fresh breakouts from a growing list of stocks in our universe.
We thought it would be irresponsible not to do a follow-up report covering them.
This is just the environment we're in.
Here's what we're doing about it.
Our scan is quite simple. It is designed to identify stocks with the highest short positions. When a stock is heavily shorted, incremental buyers are waiting in the wings to close out their bearish bets.
We love this, as new buyers are the one true catalyst for higher prices.
When shorts are proven wrong, they become buyers of the stock. Many times, as this happens, momentum comes into these names and fuels massive short-covering rallies.
For this reason, we pair short-interest data with short-term momentum overlays, as this combination is needed to spark the moves we’re looking for.
We've built a proprietary scan that notifies us whenever a cryptocurrency exceeds a certain market-cap threshold for the first time. When there's an up and coming cryptocurrency, we're the first one to know about it.
This scan flags breakthrough cryptocurrencies, allowing us to capitalize on lucrative opportunities before they become mainstream.
Every week, we create a Power Rankings table that lists the market-cap rank of the top 20 cryptocurrencies. This allows us to see the winners and losers as they climb the market-cap ladder.
As most of you know, we use various bottom-up tools and scans to complement our top-down approach.
It's really been working for us!
One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn't just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market...