Thursday Watchlist

Hey traders, it’s Bryce here.

Yesterday the market was closed.

Which means … Tuesday’s runners – the stocks that closed strong – had an extra day to build hype in the market.

I found 2 stocks that look promising for follow-up moves today, Thursday, when the market opens.

There could be trade opportunities during premarket. But there’s no shame in waiting for the market to open for regular hours at 9:30 A.M. Eastern. That’s when a lot of volatility piles into the market.

Just make sure to keep the premarket levels in mind!

We use support and resistance to trade these volatile runners. And premarket price action gives us a lot of insight as to the levels these stocks could trade around.

For example: On the StocksToTrade NVIDIA Corporation (NASDAQ: NVDA) chart below, you can see the premarket price action is a lighter shade than regular hours:

NVDA chart intraday, 1-minute candles Source: StocksToTrade

>> Try StocksToTrade for the next 2 weeks <<

No, NVDA’s not on my watchlist for Thursday.

It’s an impressive stock, but the share price is over $100. And the price is only likely to move a few percentage points every day … 

We’re focused on stocks that spike +100%* intraday. And we want a lower share price so that we can load up on shares, ride the move, and get out.

It’s not investing, it’s trading.

It’s how I passed the $1 million milestone. One trade at a time on cheap-but-volatile stocks. See the video below where I passed the $1 million milestone LIVE:

2 Stock Watchlist

There are a few factors that we like to see from a stock that’s spiking higher.

There are thousands of stocks spiking every day, only a handful give us true profit setups.

To whittle down the list, we pay attention to certain factors. They’re all outlined here in Sykes’ blog post.

I’ll touch on each of the factors that we see for these stocks:

#1: Nexalin Technology Inc. (NASDAQ: NXL)

Here’s what I like about it:

• It spiked 140%* into the close and during after hours on Tuesday.
  • It held most of those gains and consolidated above support until after hours trading ended.
• StocksToTrade shows the float is only 5.3 million shares.
  • The low supply (anything below 10 million shares) helps the price spike higher when demand increases.
• There’s a good history of running, past spikers can spike again.
  • Between March and April of this year it spiked 900%*.
  • On June 13 it spiked 140%*.
• There’s a bullish news catalyst.
  • On June 13 the company announced regulatory approval from the Brazilian Health Agency for its neurostimulation device.

Take a look at the chart below of Tuesday’s spike, every candle represents one trading minute:

NXL chart intraday, 1-minute candles Source: StocksToTrade

Keep reading for trade plans.

#2: GeoVax Labs Inc. (NASDAQ: GOVX)

Here’s what I like about it:

• On Tuesday it spiked 130%* including after hours, and consolidated into the close.
• StocksToTrade shows the float is only 2.1 million shares.
• The chart shows a good history of spiking.
  • 440%* in May of 2022.
  • 570%* between July and August of 2022.
• The company announced an award to continue Phase 2 of testing for its next-generation COVID-19 vaccine.
  • COVID isn’t the catalyst that it once was … But judging by Tuesday’s spike, it’s not nuthin!

Take a look at the chart below of Tuesday’s run into the close, every candle represents one trading minute:

GOVX chart intraday, 1-minute candles Source: StocksToTrade

How To Trade These Stocks

The stocks that we trade can follow a specific framework that Tim Sykes stumbled upon when he was still in college.

Even huge meme stocks like GameStop Corporation (NYSE: GME) like to follow this framework … 

The framework exists because people are predictable during times of high stress. Like when they have a few thousand dollars in a stock that’s spiking +100%*. As long as people continue to trade in the market, this framework will continue to exist.

Now, for new traders, it can take some time to grow comfortable enough to pull profits consistently. After all, no two stock spikes look the same.

This is a general framework that we apply to hundreds and possibly thousands of stocks every year.

Experience and exposure are your two best friends.

Luckily, the advancement of technology has made it easier for new traders to recognize these setups.

When I started, there wasn’t an AI trading bot that tracked this framework … Sykes newest students can enter a ticker into the XGPT trading bot and it will spit out a trade plan as if you asked Sykes himself!

Use XGPT today to analyze the NXL and GOVX price action!

This is how we build smart positions on volatile runners.

Good luck today!

Cheers,

Bryce Tuohey

*Past performance does not indicate future results