Upward Momentum Continues

In a matter of time (over the weekend), two trading days to be exact, stocks went from “crashing” back to “squeezing” any and all who bet against it. Just take a look at the insane action on the 50 day moving average as buyers stepped in all day on support:

$SPX 3,000 is the line in the sand at this point for the bulls.


With today’s action, the Exodus momentum screen is lighting up once again, this time with 140+ names to choose from. For those that feel like surfing through the screen: CLICK HERE FOR CHARTS.

My favorite setups to watch this week from today’s screen include:

Exodus members make sure to bookmark the momentum screen HERE, for real time updates.

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Morning Market News: JCP, APO, MCHP, ZIP, ENR, LGF, EA, ATVI, COV, LNT