Hey traders, it’s Bryce here.
Now is the time to step on the gas pedal!
Usually during the summer months we experience slower trading momentum, but this 2024 market is built different. We’re on FIRE!
I hope you got some rest during Memorial Day. It’s time to hit the market hard.
Greedy market players are still trying to squeeze out as much cash as possible with fewer days in the week.
That’s why I expect the volatility this week to be off the charts!
- Market indices are trading near all-time highs.
- The market’s poster boy, NVIDIA Corporation (NASDAQ: NVDA), gapped up on strong revenue last week.
- We’re still seeing meme stock volatility: Innovative Eyewear Inc. (NASDAQ: LUCY) spiked 500%* on Friday.
- The U.S. Presidential election is getting closer.
The stock environment right now is INSANE. And small-account traders are in the best position to profit. There are HUGE spikes on low-priced stocks.
But not all stock spikes are created equal …
Today, before the market opens for a shortened trading week, we’ll cover THE BEST setups for small-account traders.
The best stock spikes have this one factor in common.
The Strongest Stocks
When it comes to our small-cap niche, there are a group of stocks that are most likely to show us strong spikes. Stronger than the rest of the market.
This one factor determines the stocks we want to focus on for the best chance at profits …
- The LUCY spike from Friday fits this one factor. So does …
- The 730%* from MGO Global Inc (NASDAQ: MGOL) last week …
- The 340%* spike from Mangoceuticals Inc. (NASDAQ: MGRX) …
- The 240%* spike from GT Biopharma Inc. (NASDAQ: GTBP) …
- The 130%* spike from Biodexa Pharmaceuticals Plc (NASDAQ: BDRX) …
- The 550%* spike from OneMedNet Corp (NASDAQ: ONMD) …
Do you see what I mean?
Stocks with this one factor are capable of spiking +100%* intraday. These are the stocks that we want to trade!
“Make this unique 2024 election-year trade”
According to millionaire trader and legend Tim Sykes, we may only have just days to take advantage.
It’s why he’s sharing this unique election-year trade, for free.
But he says if you wait to act, you’re going to be left out.
Tim claims we could see a potential 300% peak move the day after the event.
If a stock spikes +100%, we have more room for error. A trader can take 20% of the move to mitigate overall risk. We don’t have to swing for the fences. Instead, trade smart.
Focus on what’s available. Small gains add up!
I started trading in 2017.
I didn’t cross the $1 million milestone until 2023. And it wasn’t from one big trade. It was a bunch of little ones, like the trade that finally pushed me over.
See the video below, we filmed it LIVE:
And don’t worry, the patterns don’t go away. Sykes has been using the same trading framework for over 25 years.
Focus on one trade at a time, and then move to the next hot stock that matches our framework.
That’s what I’m looking for when the market opens on Tuesday.
And the hottest setups have this one factor in common …
A Low Share Supply
This is a simple law of supply and demand
When an asset has a low supply, an increase in demand will cause the price to spike higher when compared to an asset with a higher supply.
For stocks, the supply is the number of shares available for traders to buy and sell in the market. It’s also called the float.
Big stocks like NVDA have higher floats, especially after the upcoming stock split. Currently, NVDA’s float measures 2.4 billion shares.
As a result of the higher float, the price has a difficult time spiking by a large percent. Shares are only likely to move a few percentage points in a single day.
But when it comes to our small-cap plays, the low float count can cause stocks to spike +100%*.
Generally a low float is anything below 10 million shares. Now, there are exceptions.
This is an inexact science.
For example, MGRX from last week spiked 340%* and StocksToTrade shows that the float is 12.7 million shares. Technically that’s above our goal of 10 million shares or fewer. But it’s close enough, especially when compared to 2.4 billion shares LOL.
On Tuesday morning, pay attention to small-cap stocks spiking with a low float. That’s where we’ll find the strongest runners!
And you can use Breaking News to find these spikers right when they start to move. We tend to get notifications during premarket hours.
Below you can see the alert that we got on MGOL last week:
MGOL chart intraday, 1-minute candles Source: StocksToTrade
Timing is everything in the market.
The early bird gets the worm.
Get ready for Tuesday morning!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results