Howdy traders, it’s Bryce here.
Yesterday the FED decided to hike interest rates by 50 bps.
It’s a step down from past hikes of 75 bps. Here’s a table …
Source: Forbes.com
Technically it’s a bullish catalyst, but the market was expecting a lower rate hike and already priced it in.
As a result, prices fell yesterday afternoon
But in the long run, it’s still good news. So there’s a good chance we see some volatility today.
Especially considering the season …
Stock prices tend to pop up in the winter months. It’s a completely different environment.
And in order to really take advantage, we’ve got to play a specific pattern.
Trade alongside millionaire traders every day.
Sykes uses it every season, and the results speak for themselves … 2 – 4x his initial position size.
There’s still a chance to get this premium training!
Now is no time to slack!
Take a look at these spikers …
#1: Avidity Biosciences Inc. (NASDAQ: RNA)
The top runner from yesterday.
It almost rotated the entire float of 45 million shares. And it released positive clinical data.
Pay attention to this consolidation…
RNA chart 1-minute candles Source: StocksToTrade
#2: Immix Biopharma Inc. (NASDAQ: IMMX)
Another big runner from yesterday.
This one has a much lower float. There are only 7 million shares. And yesterday’s volume shows +57 million shares traded.
It also has positive clinical data …
Keep an eye on it.
IMMX chart 1-minute candles Source: StocksToTrade
#3: Summit Therapeutics Inc. (NASDAQ: SMMT)
And finally, the biggest runner from last week is still consolidating.
There was news of a $5 billion partnership deal.
And yesterday afternoon while the rest of the market fell, SMMT pushed higher …
SMMT chart 5-minute candles Source: StocksToTrade
That’s it for today!
I’ll see you in the chat.