Upcoming Bounce Week?

by | Feb 25, 2023 | Market Lessons

Howdy traders, it’s Bryce here.

Happy Saturday.

Next week could turn out to be extremely bullish and volatile … 

I feel it’s my duty to let you know.

Last week was trash for the markets.

Prices of the S & P 500 ETF Trust (NYSE: SPY) fell 5% off 2023 highs. Here’s a chart …

But behind every selloff, there’s eventually a bounce.

And the bounce brings bullish momentum that provides strong profit opportunities in the small-cap niche.

I can show you how to find these opportunities.

Keep reading … 

Friday Example

It all comes down to structure and catalyst.

I’m looking for low-float tickers that have recent bullish news.

Friday gave me a perfect example … 

Timber Pharmaceuticals Inc. (AMEX: TMBR) has a float of 2.9 million shares. The volume shows +51 million shares traded on Friday. That’s at least 17 float rotations … 

It’s a biotech that released some bullish drug news.

The details are right here.

And the price spiked had spiked +50% before 10:00 A.M. Eastern.

Later in the day, it based above $2.50, then again above $2.75, and broke through $2.90 to new highs.

Here’s a chart with support and resistance lines drawn in … 

The stock hasn’t gone on to break out again, but there’s a textbook morning opportunity that offers at least 15%.

The idea is to buy above support and sell into the breakout/move higher.

It’s not a foolproof system.

But if the price falls below support, cut the loss and move on.

Every trader loses sooner or later. The idea is to control the losses so the wins outweigh them.

Sykes: “Prepare for takeoff on Monday at 9:30am”

If I were you, I would prepare myself for Monday at 9:30am.

What’s taking off?

On Monday, watch for more stocks like TMBR … 

  • Low-float (below 100 million shares)
  • High volume (at least 1 million shares)
  • Low price (below $5)
  • News/catalyst
  • Already spiking at least 20% (+20% spikers can keep spiking)

And if you’re having trouble … the best way to learn is through live instruction.

That’s how I got so good. It makes such a difference to see traders live and in action. To be able to ask questions and get immediate answers from millionaires in the industry.

That’s why the StocksToTrade team holds so many live webinars.

Check out the list to see if you can fit one into your schedule.

Best of luck this coming week. Let’s get after it!

I’ll see you in the next letter.

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