Happy Saturday, traders! It’s Bryce here.
Holy smokes did the markets ever reward us this week?!
A special thanks to Amazon.com Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL) for beating earnings estimates on Thursday.
And to all the traders that helped the S&P and Nasdaq close out July with the best gains since November 2020. These are wild times y’all.
I’d love to see the continuation of positive news from industry stalwarts next week to keep the indexes on a solid multi-week run.
You gave this old trader a reason to shoot hoops in the morning. I mean literally. Watch me…
Energy going into the trading day: pic.twitter.com/TgGJAQiXma
— Bryce Tuohey (@TraderBryce) July 27, 2022
But let’s get straight to it — it’s watchlist time! Here are the three runners you should glue your eyes to this Money Monday…
GeoVax Labs Inc. (NASDAQ: GOVX)
You’ve probably heard of this ticker by now. GoeoVax is a former runner that saw some good breakout action due to monkeypox news catalysts.
The clinical-stage biotech released impressive results from its Ebolavirus vaccine candidate. Preclinical data showed 100% protection with a single immunization. That’s pretty solid news!
With the typical low volume on Friday, it didn’t gain as much as some of the crazy short squeezers did, but that’s why I’m excited about it for Monday. GOVX will report earnings on Wednesday after the market closes.
More traders could digest the news on Monday and buy into earnings. Remember, if you’re gonna play it, sell before the earnings release or buy after the earnings release. Never hold through!
GOVX closed at $2.73 on Friday, up 37.19% on the day. It secured its place above strong previous resistance at $2.50. Look for breaks past Friday’s high of $3.39 for potential moves to $4.75 and above.
Pagaya Technologies Ltd. (NASDAQ: PGY)
Pagaya is an AI fintech company based in Israel. And it’s been squeezing shorts like fresh lemonade for a while now.
It closed at $24.82 on Friday, up 38.12% on the day, and saw an intraday high of $27.55. It consolidated sideways even into after hours, setting it up for a potential move up or down on Monday.
It’s been moving up for a while I would exercise some caution with this one. Wait for a dip and rip situation above the premarket highs set on Monday Morning. Typically, stocks will dip in the first fifteen minutes of the trading day.
If it recovers from there and takes out the high of the day, I wouldn’t be surprised to see it come close to $30 or above, depending on the volume. This thing tends to make big whole dollar moves.
Liberty TripAdvisor Holdings Inc Series B (NASDAQ: LTRPB)
This is the holder of, you guessed it, TripAdvisor. And this ticker’s a funny beast. The “a” shares closed down around 3% on the day while the “b” shares did much better.
Stock manipulation, anyone? Well, they got my attention…
LTRPB closed at $16.72 on Friday, up 21.25% on the day. The best part is that it closed above very strong previous resistance at the $16 level. The next points of resistance are around $19, $22, and $24. Nice moves if it can make them.
The good news is we have an upcoming catalyst. There’s an upcoming Q&A scheduled for 11:15 a.m. Easter on Friday, August 5th. I’d keep my eyes out for any PR drops before then that could drum up trader sentiment going into the event.
Conclusion
These are some of the best times to trade. Tickers are popping off again and the only problem is choosing which ones to follow.
My mentor Tim Sykes called this opportunity in the market in his 46-Day Account Accelerator webinar last Thursday.
If you missed it, there’s still time to catch the replay. He reveals exactly why and how this time in stock market history could potentially lead traders to 10x their accounts — get the details here!