Hey traders, it’s Matt here.
The market is RED HOT right now.
We’re seeing multi-day runners all over the place. Take a look at just a few examples from last week …
- ZAPP spiked 360%*.
- VRPX spiked 490%*.
- SNGX spiked 640%*.
- PEGY spiked 150%*.
- LGVN spiked 260%*.
- QURE spiked 200%*.
- KZIA spiked 730%*.
And this coming week I expect similar volatility.
The market is red hot right now! Every day there’s a new stock spiking higher.
The challenge is picking the best plays from the batch …
This coming week I have my eyes on a HUGE trade that’s developing.
- There’s confirmation from other stocks.
- A 700%* spike already.
- The chart shows solid support and an uptrend.
It’s got all of the necessary factors that make a profitable trade setup!
Pet Plays
You read that right …
I’m focused on two stocks right now that share the “pet sector”, as I’m referring to it.
The first is Inspire Veterinary Partners Inc. (NASDAQ: IVP). The stock spiked 700%* last week over multiple days …
On the chart below, every candle represents one trading minute:
IVP chart multi-day, 1-minute candles Source: StocksToTrade
Our AI trading bot, XGPT, even sent out an alert on Friday that mentioned IVP as one of its top stocks to watch on Monday.
This is where we get XGPT trade alerts.
But it doesn’t stop there …
I’m watching a little-known relationship between IVP and another pet-sector stock …
Chewy Inc. (NYSE: CHWY)
Maybe you remember … This is Keith Gill’s newest meme pump.
Keith Gill A.K.A. TheRoaringKitty A.K.A. the godfather of the GameStop Corporation (NYSE: GME) short squeeze.
When he posted on X on June 27, shares of CHWY experienced bullish volatility. His post is embedded below:
— Roaring Kitty (@TheRoaringKitty) June 27, 2024
The price slid lower after the original CHWY spike from June 27. But the bullish momentum last week on IVP could point toward an upcoming squeeze on this stock.
Plus, the multi-day chart shows support and a decent bounce on CHWY in tandem with IVP’s surge last week.
Take a look at the chart below:
CHWY chart multi-month, 1-day candles Source: StocksToTrade
The last time Gill played a stock (GME) he held for YEARS.
That’s why I’m not nervous about the recent sell off after Gill’s post on X.
It’s only been a few weeks into his newest pump. And this is another position that he could nurse for months and years.
The newest bullish momentum and the bounce off of support works in favor of a future trade on CHWY.
Pay attention to BOTH of these stocks this coming week.
After reading this analysis, it would be pretty sad if you missed out …
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There’s no excuse to sit on the sidelines!
Cheers,
Matt Monaco
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*Past performance does not indicate future results