Key Momentum

by | May 25, 2023 | Market Lessons

Howdy traders, it’s Bryce here.

Keep an eye on the overall market.

We’ve entered the danger zone.

Don’t worry. I’ve got a plan of attack. Here’s what we’re dealing with … 

The S&P 500 ETF Trust (NYSE: SPY) posted two red days one after the other and fell back below the highs.

Right now I’m watching to see if it continues lower or manages to consolidate at the new support level.

Remember that three out of four stocks follow the market … 

It’s possible we see fewer spikes if the momentum continues.

But there will still be opportunities. And I know how to find them … 

Strong Trends

Focus on the plays that are working.

That means … 

  • Former spikers
  • Biotech stocks
  • Artificial intelligence stocks
  • Low-float stocks

If you can find a ticker that blends those factors, it’s all the better.

Like Hepion Pharmaceuticals Inc. (NASDAQ: HEPA). The company blends biotech and AI by using the technology to help discover new medicine.

And the price launched over 200% in May already.

Understand … these moves are usually quick.

When the news comes out, professional traders pounce quickly.

The average person won’t hear about the move until it’s too late. Penny stocks don’t spike forever. Eventually, the price will come down and the goal is to get out before that happens.

That’s why I use this tool to alert me whenever a stock posts hot news that could spike the price.

It’s about working smart.

I’ll never knock hard work. But sometimes it’s better and more effective to use the tools at your disposal.

I’ll see you in the next letter.

Want to be alerted to hot trade ideas before anywhere else?

Breaking News Chat is the alert service that traders can’t get enough of. Two former financial analysts scour the Stock Market and news for stocks that could potentially spike and alert the room allowing you the chance to get in on the action.

Check out the alert for MBOT on May 22nd: 

This is a tool you’ll want in your trading toolbox. 

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