Market Bounce

by | Oct 17, 2023 | Market Lessons

Howdy traders, it’s Bryce here.

I trade low-priced spikers because there are opportunities every week regardless of the overall market condition.

The larger market, mapped by indices such as the S&P 500 ETF Trust (NYSE: SPY), doesn’t directly influence my niche.

But there IS an important indirect relationship … 

When the larger market is bullish, we often see stronger spikes in the low-priced niche.

And Monday started strong. The SPY gapped up and touched the highs for October.

Even though there’s a lot of fear in the market right now … 

  • Middle-East war
  • Persistent inflation
  • FED rate hikes

The U.S. economy remains resilient. In fact, I read a few headlines yesterday that claim we’ve narrowly skirted a recession yet again …

Source: NewsMax.com

The market is far from all-time highs … But periods of bullish volatility can give us a big help when it comes to trading the biggest runners.

I shared one of the hottest stocks in the market on Saturday … 

And on Monday morning it gave us an incredible trade opportunity.

And I don’t think it’s done yet!

Tempest Therapeutics Inc. (NASDAQ: TPST)

This is a legendary spiker from last week … 

TPST announced a presentation on the clinical studies for their treatment of hepatocellular carcinoma on October 10 in the afternoon.

On Wednesday, October 11, prices spiked 3,900%.

TPST chart one week, 5-minute candles Source: StocksToTrade

Biotechs are red hot this year.

And biotech stocks that have a float below 10 million shares are more likely to spike to the moon. The low supply of shares helps the price spike higher when demand increases.

The market is oversaturated with short sellers trying to ride crappy stocks into the ground. TPST likely spiked so high because it’s a low-float biotech that turned into a huge short squeeze.

It didn’t deserve to spike 3,900%. The short sellers have the right thesis. But if there are too many short sellers, the risk of a short squeeze goes through the roof.

The price fell down after the spike, but this volatility often continues for a few days. Especially when there’s a runner as big as TPST … 

On Monday prices spiked 100%.

That’s more than enough room to get in and out with a meaty profit.

We don’t need to time it perfectly, we just want the most predictable opportunities.

“AI Weatherman” Uses Strange Forecasting System to Predict Stock Moves

They call this new tech “The AI Weatherman”

Because it can forecast the future moves of stocks like a weatherman would predict weather…

…With downright scary accuracy…

How does it do it?

Well, it’s all thanks to a unique stock scoring system unlike anything I’ve ever seen before…

TPST is still one of the top stocks in the market. It’s at the top of my watchlist because this volatility could continue.

But make sure you’re playing the right pattern at the right time … 

These runners can be dangerous if you don’t understand the price action.

Tune in for a live trading demonstration. There are millionaire traders building key trade setups every single day.

Here’s the link.

We’re all talking about TPST right now.

Add it to your watchlist and come prepared to capitalize.

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