Hey traders, it’s Matt here.
Yesterday, Bryce shared our #1 stock pick for Monday morning.
If you missed the blog post: Here it is.
Today we’re going to take a small step back to take in the big picture. Seeing as we’re nearing the end of the month.
And as we know, the larger market has an indirect relationship with our niche. When the market is hot, we have stronger spikes.
In April we watched low-priced stocks fly higher. But the spikes could have been more explosive had the larger market continued its bull run.
Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below during 2024. Every candle represents one trading day:
SPY chart multi-month, 1-day candles Source: StocksToTrade
We saw some bullish activity last week, it’s a sign that the recent pullback could have found a bottom.
And if that’s the case … get ready for an insane market rally.
Not just in the larger market, we’ll see our favorite low-priced plays spike to insane heights.
Everything You Need To Know
The bearish price action in April likely came from three main factors:
- A normal pullback after the bull run in early 2024.
- Escalating Middle East tensions.
- Sticky U.S. inflation.
The few days of bullish activity last week, that’s due to strong tech earnings.
For example, Alphabet Inc. (NASDAQ: GOOG) spiked to new all-time highs on Friday after the company announced bullish earnings and a first-time-ever quarterly dividend.
Take a look at the GOOG chart below, every candle represents one trading day:
GOOG chart multi-month, 1-day candles Source: StocksToTrade
Those are the basics of our current situation … We could go further into the details, but we’re not that interested in the larger market.
We don’t have to predict which direction it goes.
We just have to understand why it does what it’s doing.
For example: A market rally based on strong tech earnings gives us a hint to focus on cheaper AI and tech stocks like Amesite Inc. (NASDAQ: AMST). The ticker spiked more than 100% last week with AI news as tech stocks buoyed the larger market.
Start trying to connect the dots. There’s a science behind our trading process. But most people get caught up trying to predict.
Even multi-billion hedge funds can’t predict what will happen next. Why the heck would I even try??
Small-Account Plays
We like to trade low-priced plays that spike with hot catalysts. The moves are explosive, and using popular patterns we can play the short term price action.
We’re not predicting which stocks will spike, we’re reacting to stocks that are already spiking.
Discover the Potential $23 Trillion Market Tesla Could Be Entering!
I’ve uncovered three patents pointing to groundbreaking news that could be announced any day now.
And don’t worry if you trade with a small account — there are five ways you could take advantage of this opportunity too.
On Monday I’m going LIVE to outline these plays with Tim Sykes.
We only hold live trading conferences like this every now and then. Make sure to take advantage of this opportunity!
The biggest stock spikes in the market, we can trade them for profits but the process takes some getting used to.
That’s why these live streams are so important.
Starting Monday, follow along as we track the best setups LIVE, like AMST …
>> Here’s a free ticket to sign in <<
Cheers,
Matt Monaco