Howdy traders, it’s Bryce here.
Let me clue you in on my process right now …
There are two key sectors to watch.
If you ever wonder how traders narrow down the thousands of stocks, we focus on key sectors that continue to produce hot runners.
Those are the plays that are most reliable.
Without this knowledge, a lot of traders waste time looking at tickers that were never going to run.
Here’s how I’m saving time …
Hot Sectors
The two main sectors to watch are …
- Biotech
- Artificial intelligence
If you need an example of the incredible strength behind each of these catalysts … take a look at Hepion Pharmaceuticals Inc. (NASDAQ: HEPA).
It’s a biotech stock that uses AI to develop drugs.
And today it released bullish news that spiked the price over 100% intraday.
Understand, the volatility will likely continue throughout the week. Keep this stock on your watchlist.
Here’s a chart of the move thus far …
And this is a stock that’s trading above $10.
A move of that size is almost unheard of for a higher-priced ticker.
It’s obvious these two sectors are absolutely on fire right now.
For example, Elon Musk hinted yesterday that the AI boom is still at the beginning.
We’ve yet to see the full extent of this sector’s strength.
And Tim Bohen’s got a really interesting play in his sites as a result of Elon’s pivot.
For now, I’m content to play the day-to-day volatility. But if I find a sector leader it’s possible I could start to swing trade this momentum.
It’s all about staying open to key profit opportunities.
I’ll see you in the next letter.