Hey traders, it’s Bryce here.
On Monday, major indices shot to new all-time highs.
That can translate to larger trading opportunities for traders in our niche!
Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below, every candle represents one trading day:
SPY chart multi-month, 1-day candles Source: StocksToTrade
One of the major sources of bullish momentum that caused this spike: JPMorgan Chase & Co. (NYSE: JPM) announced bullish earnings on Friday.
And there are more earnings announcements scheduled later this week. Here’s the schedule:
Now … I’m not going to trade these big earnings stocks. Johnson & Johnson (NYSE: JNJ) has a share price of $160. That doesn’t fit my small-account strategy.
Instead, the volatility in the larger market can create massive profit opportunities among cheaper stocks.
This bullish momentum can trickle down!
For example, on Monday we watched Verb Technology Company Inc. (NASDAQ: VERB) spike 100%*. It’s a low-priced tech company that already had a huge history of spiking …Â
And it wasn’t even the biggest runner!
The two hottest stocks from Monday, they could easily show us follow-up spikes this week. Keep these names on your watchlist!
Monday’s Runners:
On Monday, October 14 during pre-market hours, VERB’s CEO published a letter to shareholders.
There was a lot of bullish rhetoric in the announcement. I included an example below:
“ … our market cap is approximately $3.8M, and as of our last Form 10-Q filing, we had cash in the bank of approximately $17.2M. And the only debt we have is a ridiculously small, low interest (3.75%), low payment, 30-year term SBA loan of approximately $125K. So do the math, this means if we traded at nothing more than our net cash value, the stock should be trading at more than $22 per share.”
- VERB CEO, Rory J. Cutaia
The stock spiked to $16.12 on Monday morning.
Whether or not the stock deserves to trade at $22 per share is almost irrelevant. We’re just here to catch a bit of the volatility using popular trade patterns.
Plus, StocksToTrade shows that the float is only 679k shares. That’s well below our goal of 10 million shares or fewer. The low supply of shares helps the price spike higher when demand increases.
VERB has all of the catalysts that it needs to spike higher.
And Matt and I are ready …Â
Take a look at the chart below, every candle represents one trading minute:
VERB chart intraday, 1-minute candles Source: StocksToTrade
Use our AI trading bot to build smart positions on this runner!
Monday Runner #2:
On Friday, October 11, right as the market closed, Tevogen Bio Holdings Inc. (NASDAQ: TVGN) announced that it plans to share the +$1 billion revenue potential of its new drug-creation pipeline this week.
The stock only had a market cap of $59 million.
Hopefully that helps you understand the significance of an added value of “+$1 billion” … The stock already spiked 250%* this week.
Take a look at the chart below, every candle represents one trading minute:
TVGN chart multi-day, 1-minute candles Source: StocksToTrade
We can use our AI bot to track this price action too!
There’s a LIVE demonstration of this process this afternoon.
Tune in today at 4 P.M. Eastern!
And hit the ground running on Wednesday morning!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results
