Topley’s Top Ten – January 19, 2018

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1.Momentum Investing Maintaining Strength.

The power of momentum

The February 2016 kickoff rally continued to build momentum. One way to quantify momentum was shown in the Nov. 19, 2017, Profit Radar Report:

“The S&P 500 was higher 8 of the first 9 months of 2017. This has only happened 8 other times (1936, 1950, 1954, 1958, 1964, 1995, 1996, 2006). 2, 3, 6, and 12 months later, the S&P was higher every time but one (0.7% loss 2 month later in 1964).

Such strong momentum readings (and they are seen across all time frames) are extremely rare. As mentioned in December 2016 and March 2017, stocks rarely top out at peak momentum. We have to go back to 1995/1996 to find similarly strong and persistent upside momentum.”

Simon Maierhofer is the founder of iSPYETF and publisher of the Profit Radar Report. He has appeared on CNBC and FOX News, and has been published in the Wall Street Journal, Barron’s, Forbes, Investors Business Daily and USA Today.

https://www.marketwatch.com/story/this-might-be-the-most-sustainable-stock-market-bubble-ever-2018-01-18

MTUM Momentum ETF Gap Up on Big Volume.

www.stockcharts.com

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Topley’s Top Ten – January 11, 2018 (Short Version)

1.Eastman Kodak Becomes Blockchain Company and Spikes 200%.

Kodak Soars as It Joins Cryptocurrency Craze

Shares of Eastman Kodak Co. KODK were rising 64% in premarket trading on Wednesday following a jump of 119% in the previous session after the photo company said it would shift its focus toward blockchain technology and enter the world of initial coin offerings. 

Kodak said Tuesday it would launch its own form of cryptocurrency, KODAKCoin, that would “empower photographers and agencies to take greater control in image rights management” inside its existing KODAKOne platform.

Shares in the group surged more than doubled in Tuesday trading following the release, rising to a three-month high of $6.80 each.

newsletters@thestreet.com

Eastman Kodak.

www.stockcharts.com
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