Hey traders, it’s Matt here.
I sent out a post on Sunday that referenced the recent spike on FOXO Technologies Inc. (AMEX: FOXO).
The stock spiked 50% before the market closed on Friday. It launched even higher during aftermarket hours.
But I warned you about timing.
I said there would likely be bearish price action on Monday morning. If you followed the patterns that I shared, your account should have stayed safe.
$FOXO crapped out at the open on Monday. There’s a chart below …
FOXO chart 2-day, 2-minute candles Source: StocksToTrade
But … there were plenty of opportunities to profit from other stocks in our niche.
- Phunware Inc. (NASDAQ: PHUN) spiked 60%.
- Bullfrog AI Holdings Inc. (NASDAQ: BFRG) spiked 50%.
- Digital World Acquisition Corp. (NASDAQ: DWAC) spiked 75%.
- Sagimet Biosciences Inc. (NASDAQ: SGMT) spiked 200%.
- Marpai Inc. (NASDAQ: MRAI) spiked 65%.
I’m trying to show you the overwhelming opportunity in this niche.
These plays may continue to run on Tuesday!
But it’s more likely we find an even better play on a stock that hasn’t spiked yet. I’ll explain.
Add the stocks above to your watchlist. And I’ll tell you what to look for today.
Keep reading …
Market Strength
Part of the reason why we see so many opportunities right now: The larger market is pushing to new all-time highs.
There’s a chart of the S&P 500 ETF Trust (NYSE: SPY) below.
SPY chart multi-month, 1-day candles Source: StocksToTrade
Strength in the larger market trickles down to our small-cap sector.
That’s why I expect to see more BIG spikes in the coming days. You don’t want to miss out on this price action, I don’t know how long it will last.
The market ebbs and flows.
Sometimes it’s hot. Sometimes it’s cold. We HAVE to capitalize while the market is hot.
This is a marathon, not a sprint. And the best traders understand when it’s time to push the pace.
Attention: I made the most money as a trader during the bull run in 2020 and 2021. Take a look at my profit chart below.
Source: Profit.ly
During that same time, the S&P 500 ETF Trust (NYSE: SPY) rallied 120% to make new all-time highs.
That’s not a coincidence.
Pay attention during this period of bullish market momentum in 2024!
Today’s Best Setups
We want stocks that satisfy the factors below.
- Spiking +20% on the day.
- A float below 10 million shares.
- Hot and recent news.
- +1 million shares traded on the day.
- A history of spiking.
- A price below $5.
It helps us narrow down the stocks that provide profit opportunities.
Thousands of stocks are moving every day. But realistically, only a handful offer true trade setups.
This can seem like a lot of information for new traders. And we’re only scratching the surface. Trust me. I used to be where you are.
Don’t worry!
Watch This Before Feb. 1st
Did you miss this?
Tim Bohen just hosted a special Artificial Super Intelligence Summit to reveal this groundbreaking ASI technology for the first time.
If you missed the big reveal, click below to watch the limited time replay:
I was able to grow as a trader by watching live streams. Professional traders tracking the hottest stocks LIVE.
It’s one of the best ways to gain trading experience without risking any money in the market.
Here’s why it’s such an important tool: Hindsight is 20/20. You can look at past spikers all day long. But true experience comes from real-time trading.
Join the next trading live stream.
That’s when everything started to click for me.
Only focus on the best setups today!