Hey traders, it’s Bryce here.
Hopefully, 2024 is going well for you and yours.
If you’re not profiting in the market yet, there’s still time.
Every single day there’s a new play to make.
Yesterday we watched a new IPO spike 120% intraday. And that was only day two.
These plays are getting stronger as the market picks up steam. Major indices pulled back last week. Such is the nature of the market. But on Monday, market prices surged toward all-time highs.
Take a look at the S&P 500 ETF Trust (NYSE: SPY) below …
SPY chart multi-month, 1-day candles Source: StocksToTrade
I don’t know how long this spike will last, you better capitalize while there’s time.
The market ebbs and flows. There’s a chance prices trend higher the whole year. But it could experience weakness intra-week and intra-day.
It’s always a good idea to keep an eye on the larger market because the overall trend CAN influence the strength of spikes in our niche. There’s an indirect relationship.
Strong market = Strong spikes
Weak market = weak spikes
But either way, there will be a play to make.
And if we know what to look for, we can profit while maintaining safe control of our accounts. I’ll use yesterday’s runners as an example.
Here’s how I’m trading right now …
There are two stocks that spiked yesterday that I want to go over.
- Roma Green Finance Limited (NASDAQ: ROMA) spiked 110%.
- Nauticus Robotics Inc. (NASDAQ: KITT) spiked 120%.
We’ll go one at a time.
Roma Green Finance Limited (NASDAQ: ROMA)
This ‘green finance’ company started trading on the Nasdaq after an IPO on January 9.
We’re approaching the third day of trading for ROMA.
IPOs are inherently volatile. It’s the first time the company’s stock has ever been publicly traded. That invites a lot of volatility and speculation about the share price.
As traders, we can profit from that volatility.
Currently, the chart shows a breakout level at $5 and support at $3.50. Take a look at the chart below …
ROMA chart 1-day, 2-minute candles Source: StocksToTrade
There’s a chance the price breaks past $5. That’s the move I’m watching for.
But remember: The stock fell substantially during its first day of trading. There could still be bagholders waiting to sell into bullish momentum. Keep that in mind.
Nauticus Robotics Inc. (NASDAQ: KITT)
The company announced a new business investment and the elimination of certain dilutive warrants on January 10 at 6:15 A.M. Eastern.
Prices spiked a bit in premarket, dipped at the open, and then surged to daily highs before noon.
There’s a breakout level at $0.65 and support at $0.50.
KITT chart 1-day, 2-minute candles Source: StocksToTrade
This stock was on a steep downtrend for weeks before this recent spike.
Oversold stocks can experience substantial rallies with the right catalyst. This price action may continue.
How I Profit
Both of the runners from yesterday offered a morning dip-and-rip profit opportunity.
And you could have snagged some cash if you were paying attention before the market opened.
The best plays in the market leave breadcrumbs for us to follow. And with enough market experience, everything starts to make sense.
“AI Weatherman” Uses Strange Forecasting System to Predict Stock Moves
They call this new tech “The AI Weatherman”…
Because it can forecast the future moves of stocks like a weatherman would predict weather…
…With downright scary accuracy…
How does it do it?
Well, it’s all thanks to a unique stock scoring system unlike anything I’ve ever seen before…
We use the same patterns over and over again. But, as you may have guessed, no two spikes are the same.
This is an inexact science.
That’s why trading experience is key. You need to see these patterns in action until you can recognize key price action on your own.
There are professional traders following the hottest setups LIVE every day.
Take advantage of that!