Tuesday Opportunities

Howdy traders, it’s Bryce here.

If you haven’t heard yet, the market is closed Monday for Memorial Day.

There are two reasons why this is awesome …

I plan on taking full advantage of this long weekend to relax and rest.

Because when the market opens on Tuesday I expect some seriously volatile movements.

Here’s why …

Now let’s break it down.

Here’s what I’m watching …

Fast Spikes

If you’re looking for an investment … you came to the wrong place.

I’m a stock trader, which means I take advantage of volatile price movements over short time frames.

Usually, these trades only last a few minutes or hours.

The volatility is fast and I don’t want to get caught on the wrong side of the spike.

Which means it’s really important to be early to these moves.

That’s why I try to wake up at least an hour before the market opens. A lot of the key runners are already moving in premarket hours.

In fact, I get notified whenever there’s hot news ready to spike a stock and the best spikers release news before 9:30 A.M. Eastern.

But thanks to this scanner I can catch these stocks before things really start to heat up.

Here’s what I’m looking for right now …

And an example I’m still watching from Friday …

Verastem Inc. (NASDAQ: VSTM) is a biotech stock that launched over 170% intraday with bullish cancer news.

Here’s a chart of the spike …

VSTM chart 3-minute candles Source: StocksToTrade

Prices are consolidating at the $1 level as I type this.

It’s possible the price falls below that support … but we never know what Tuesday will bring.

Investors and traders have had three days to read the news and ogle at the chart’s opportunity.

Greed is a powerful emotion …

If the price spikes on Tuesday, don’t let the volatility bait you in. Wait for the chart to set up, that’s the safest way to trade these moves.

I’ll see you in the next letter.