The overall market continued its sell-off today, sending the major indices further into bear market territory.
This white-knuckling ride for traders continues, but the end could be far from near.
Some investors are saying the bottom is here, but I am hoping for the opposite…
GREAT to see the $DIA $SPY $QQQ slice through sooooo many "support" zones…as I've been warning for months, September & October offered the greatest likelihood of there being a #stockmarketcrash & we're right on track for more fireworks/bloodletting to find a bounce able bottom!
— Timothy Sykes (@timothysykes) September 23, 2022
This isn’t my first rodeo…I’m two decades into this game…I know what ugly looks like.
Most importantly, I’ve been consistent and profitable during that entire stretch…
As the market continues its relentless downhill spiral…
I want to share with you how I am planning to profit from this recent sell-off…
Table of Contents
Why The Stock Market Continues To Fall
Rising interest rates are the main culprit of the recent sell-off.
Even though the Fed didn’t mention anything other than what was expected, investors still fled to the nearest exit.
This market is ugly and it has the potential to fall even further.
Many traders anxiously await to see what the following CPI data will look like in October, but I continue to stick to the basic fundamentals that have helped me over the years in similar situations.
Right now the Fed is doing whatever it takes to lower inflation, but no one knows when the Fed will stop rising interest rates.
If the Fed continues its hawkish behavior, it may send the stocks plummeting even further…
But despite how this plays out, the stocks I continue to look for are not impacted by the overall market.
My Next Steps
It is important to stay safe in this market and many experts think they can predict the bottom…
Predicting the bottom is an absolute fool’s game.
The market is testing June’s lows in the recent sell-off, but I am preparing for when the market finally decides to bounce.
Last week we noticed that OTC volatility was back and I am keeping a close watch on certain stocks…
So let’s take a look at what pattern I am looking for and what two stocks are catching my eye…
More Breaking News
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- Transocean’s Stock Soars Amid Valaris Acquisition
2 Stocks And My #1 Pattern
Last week, I talked about specific OTC stocks I was watching…
Well, I hope all of you were prepared for it and had it on your radar because this one stock soared up 50% at the open!
So with that being said, let’s take a look at the charts of these 2 dip-buying opportunities…
Global Tech Industries Group, Inc. (OTC: GTII)
Remember this stock? I mentioned last week that it was on my radar…
GTII was an early morning runner that spiked over 50% at the open and it continues to make another push towards a key resistance level.
If you missed the early jump today, no need to chase due to FOMO. It’s all about finding the right opportunity!
Many of you may have studied my pennystocking framework, and if you did, you would know that this trade isn’t dead…
Since I didn’t place a trade on this early morning runner either, I decided to identify some key support and resistance areas.
This will help me identify where my next entry and exit points may be…
One World Universe Inc. (OTC: OWUV)
OWUV was another early morning spiker, but it shortly lost its momentum as the day progressed.
I am watching this multi-day runner as it has the potential to be a dip-buying opportunity.
A lot of these OTC stocks are spiking and it’s so important to understand what it is that you need to look for every morning.
Why You Should Use My Dip Buying Strategy In This Market
Why should you use my dip-buying strategy when the market continues to fail?
Well, because it works!
Every morning there is one thing I always scan the market for and that is…
Why? When a stock has had a multi-day run or is a previous supernova, it almost always falls off a cliff.
The nice thing about these penny stocks is that they have become so predictable!
With both of these stocks recently spiking over the last few days, I am waiting to perfectly execute my dip-buying strategy.
Remember, not all trades are perfect, so in this ugly market make sure you follow my #1 rule.
My Next Move
Over the next several days, I am going to continue to stick with what I know best.
As I tend to be a little more aggressive in a bullish market, now is not the best time to try and force additional trades.
There may not be a trade everyday, but there is so much more that I can teach you to help you master my trading techniques.
If you don’t find a trade you love, continue to study!
Understanding my #1 pattern and mastering it has helped me profit over $7 million dollars.
No one said trading was easy, so it’s important to be able to identify these opportunities before it’s too late.
Be sure to check out my FREE Webinar today to help you grow and understand my #1 pattern.
You will definitely don’t want to miss out!
Cheers,
Tim
P.S – All of my challenge students were prepared for this crash because they understand my whole pennystocking framework. Here is everything they learned to be successful in this market.
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