Howdy traders, it’s Bryce here.
There’s a big move coming …
Yesterday the S&P 500 ETF Trust (NYSE: SPY) gapped up to a new high in 2023 and then continued higher at a steady pace all day.
It was glorious.
And if there’s one thing I’m certain of …
It’s that Monday’s going to get crazy.
There will be opportunities to profit. And if you haven’t been taking advantage already, it’s time to get on the train.
The AI sector is in full swing. The labor May labor report shows a resilient U.S. economy. Market prices shot higher.
It’s insane out there. And this is just the beginning.
Per usual, I’ve got a plan.
Keep reading …
Measuring Strength
It starts with the hottest sectors.
- Artificial intelligence
- Biotech
Those are the stocks I’m most interested in as Monday approaches.
At the top of my watchlist is LAVA Therapeutics N.V. (NASDAQ: LVTX). It’s a biotech company that announced bullish clinical news Friday morning.
As a result, the price launched more than 90% intraday. And it managed to hold some of its gains into the close.
I’m also looking for first-green-day spikers on Monday morning.
And lately, I’ve been using Sykes AI scanner.
He developed it to look for the hottest stocks in our niche and it’s a huge time saver.
I don’t rely on it to trade for me. That’s not the point. Instead, it points out the hottest stocks and I analyze the charts to find the best setup.
We’re still at the beginning of this AI revolution. I expect tools like this to get more sophisticated as time goes on. And that comes with even more trade opportunities.
Get ahead of this sector spike.
Check out Sykes’ scanner.
I’ll see you Tuesday, after all of Monday’s madness.
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Matt Monaco’s Project: ALPHA
