Howdy, traders. It’s Bryce here.
Are you ready to trade on Monday?
There’s a lot of volatility out there!
I know things seem pretty gloomy right now. But that’s because you’re listening to the larger market. And I’ll admit … things are pretty crappy for Wall Street.
Get ready for a huge price selloff. The major market indices are close to plunging through support. Here’s a chart of the S&P 500 ETF Trust (NYSE: SPY) …
SPY chart 1-day candles Source: StocksToTrade
Monday could easily be the day it falls off a cliff.
But again, I’m not interested in which way the markets going. I just want the volatility.
Boom or bust, volatile price swings cause lower-priced stocks to spike.
And these are the hottest ones on my watchlist …
SOBR Safe Inc. (NASDAQ: SOBR)
The price is inching toward breakout levels right now.
It’s got a 6 million share float. And it recently announced a $6 million private placement.
Which means private investors will be able to buy shares. There are 4 million available for sale, and it looks like they’re pretty popular judging by this chart.
SOBR chart 1-day candles Source: StocksToTrade
Avenue Therapeutics Inc. (NASDAQ: ATXI)
It’s flirting with a breakout as I’m typing.
One of the best things about this stock is its ultra-low float. There are less than 1 million shares outstanding.
There’s a big reverse split pushing the price higher right now. If it breaks out successfully there could be another spike higher.
Spero Therapeutics Inc. (NASDAQ: SPRO)
This stock spiked on September 6 with FDA news.
Catalysts like government contracts and FDA involvement are really good at spiking prices.
Then the price cooled off for two weeks and voila … on September 22 it rocketed past resistance with more news.
Since then it’s been consolidating sideways really well. That’s a sign it could continue the breakout.
The chart looks great. It has a float of 29 million shares which is a little bit higher than the 10 million share target. But 29 million is still pretty low in the grad scheme of things.
SPRO chart 1-day candles Source: StocksToTrade
Conclusion
Don’t worry about the larger market.
Everything’s going to be. Prices will bounce back eventually. They always do.
But don’t waste your time waiting for a market reversal. There are amazing trade opportunities right now!
The only reason I’m able to capitalize is because I discovered the best framework from a legendary trading mentor. Some people get frustrated and quit before they ever figure it out …
But I didn’t because I found the right resource.
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