Hey traders, it’s Bryce here.
Every Friday, we look for the same pattern in the market.
Matt and I learned this pattern from Tim Sykes. Here’s how it works: Because of the incoming weekend, the two days that the market is closed, certain stocks can follow a specific price action.
Over the last three weekends, we’ve seen this price action back-to-back-to-back.
And Sykes traded all three. Take a look:
Source: Profit.ly
Source: Profit.ly
Source: Profit.ly
This Friday, we’re watching for the exact same price action.
Today’s Thursday, which means you have a whole day to prepare!
Let’s Get To It …
There are only a handful of stocks that could follow our weekend pattern. But there are thousands of stocks moving everyday.
Don’t worry, I have a solution.
Traders in our community use a specific set of factors to whittle down the list to a few potential weekend runners.
This is a scan that you can build on almost any financial website to find hot stocks:
- A float lower than 10 million shares.
- The low supply helps prices spike higher when demand increases.
- A price between $0 and $5.
- Cheap stocks can spike higher from a percent perspective. And we can load up on the shares because they’re cheap.
- A trading volume of more than 1 million shares.
- This shows us healthy liquidity and overall popularity of the spike.
- Recent news (available in StocksToTrade).
- There NEEDS to be a reason for the spike. Fuel for the rocket, you know??
- A spike of at least 20%.
- If it can spike 20%, it can spike higher. Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) spiked 240%* this week …
Once we have eyes on the hottest stocks in the market, we wait for the price action to set up into the afternoon.
This is a great aspect of the weekend pattern. We don’t have to wake up super early or skip work to make this trade. Just make sure you’re paying attention around 3 P.M. Eastern.
Watch Tim Sykes’ video below for the specific price action that we look for:
You don’t have to worry about trading today, Thursday … No need to complicate things. Just focus on Friday’s weekend pattern.
One good trade a week could make all the difference for your account!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results