Hey traders, it’s Bryce here.
It happened …Â
See the headline below:
Booyah!
That’s what we love to see!
The lower interest rates are a sign of good faith from the FED that inflation is cooling. It also loosens the choke hold around potential business expansion, A.K.A. less expensive loans.
That’s a bullish catalyst!
The market reacted with a lot of volatility. You can see on the S&P 500 ETF Trust (NYSE: SPY) chart below when we learned of the FED’s decision at 2 P.M. Eastern. Every candle represents one trading minute:
SPY chart intraday, 1-minute candles Source: StocksToTrade
The SPY is trading near all time highs, where do we go from here??
I. Don’t. Care. Lol.
I’m not trading the SPY … I’m trading volatility on cheaper stocks like the 250%* spike on Veea Inc. (NASDAQ: VEEA) yesterday. Or the 400%* spike on Portage Biotech Inc. (NASDAQ: PRTG).
(You can use AI to track this price action).
Volatility in the larger market leads to volatility among the stocks that WE like to trade.
I’m glad the SPY is volatile right now, but I don’t really care which direction it goes.
I’m more focused on a different setup …Â
The #1 Trade Right Now
There’s A LOT of volatility right now.
It’s not just VEEA and PRTG from yesterday.
Here are some more impressive runners from this week:
- Ree Automotive Ltd. (NASDAQ: REE)
- Galmed Pharmaceuticals Ltd. (NASDAQ: GLMD)
- Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR)
- Odyssey Marine Exploration Inc. (NASDAQ: OMEX)
- Applied Blockchain Inc. (NASDAQ: APLD)
But … Following the FED announcement, if these stocks don’t follow Tim Sykes’ pattern, you can ignore the ticker.
New traders: There’s no need to overcomplicate things right now.
There’s a textbook trade waiting for us this coming Friday … And it’s the only setup you should focus on.
You don’t need to trade all day every day to make money in the market. One good trade a week can make all the difference for your account!
This specific price action starts to manifest in the afternoon on Friday, as we approach the weekend.
Last weekend we saw this pattern on Azul S.A. (NYSE: AZUL). The weekend before we saw the pattern on Laser Photonics Corporation (NASDAQ: LASE).
Take a look at the post below from a trader in our community:
Every Friday we look for the same price action!
Don’t miss this Friday’s entry … Watch the video tutorial below for all the information you need:
There’s no need to stress today, Thursday. Just make sure you’re ready for tomorrow’s runners!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results