Top Penny Stocks List and Weekly Update

There are thousands of penny stocks out there, and you can’t keep up with all of them. That’s why I created this article — to help you learn which stocks are worth watching and which aren’t.

Before getting into it, I’ll warn you again: you shouldn’t buy anything from my penny stock lists blindly. Do your research, learn the history, and ensure it’s a good trade before committing. Be a smart trader, don’t gamble!

Without further ado, read on for my top penny stock picks this week!

What Is a Penny Stock?

A penny stock is a stock trading at less than $5 per share. You can trade penny stocks on major exchanges like the New York Stock Exchange (NYSE) and Nasdaq, but many of the penny stocks I trade are exchanged through over-the-counter (OTC) trades.

You can buy penny stocks on Robinhood, TD Ameritrade, Charles Schwab, and other stock brokerages. All of them allow you to trade penny stocks on major exchanges, but some of them don’t offer OTC trades.

Penny stocks are cheap and often sketchy, but they can build your trading account quickly if you trade well. They’re volatile and unpredictable, so you need a tailor-made strategy for penny stock trading.

Why Penny Stocks Are Great for Trading

Despite their (well-deserved) bad rap for being sketchy and unpredictable, I still primarily trade penny stocks. Why is that? Here are my reasons for trading penny stocks:

Small Accounts Grow Quickly

With penny stocks, you should go for singles instead of home runs. And they’ll add up. Penny stock trades are often faster than trades of listed stocks, so you’ll build your trading account faster than if you were trading pricier stocks.

Less Interference From Big Investors

Wall Street doesn’t like penny stocks because they see them as high-risk and sketchy, which isn’t wrong. However, their loss is our gain because you don’t have to worry about giant investment firms crashing penny stock prices by unloading their shares.

That said, the risk of trading penny stocks is real. You will encounter scams and unscrupulous companies trying to make a buck at your expense, so always research before trading.

Extended Price Moves

Fewer people trade penny stocks due to their sketchy reputation. Because penny stock trading isn’t as popular as other stocks, price moves typically play out over days, not minutes.

This isn’t to say that penny stock prices move slowly. Major price swings can lead to quick profits — or even quicker losses if you aren’t disciplined.

How to Find the Best Penny Stocks to Trade

I skip the fundamental analysis on penny stocks because most companies offering them have bad fundamentals. Instead of learning more about the company, the best way to understand penny stocks is to observe and understand. Learn their patterns and how their prices move to get a good feel of how the stock behaves.

Here are two things I do when looking for penny stocks to trade:

Study the History

Think of stocks like athletes — they won’t deliver the same performance every time, but they have their own styles and a track record you can learn from.

One of the best ways to find which penny stock to trade is to use software like StocksToTrade to create watchlists of past runners. Monitor your watchlist regularly, study their patterns, and spot the stocks that might make big runs in the future.

Understand the Charts

Technical analysis is my preferred method for picking penny stocks because penny stock companies usually don’t have good fundamentals. Technical analysis involves identifying trends and patterns in penny stock movements.

I don’t have any magic tricks for technical analysis aside from practice, practice, and practice. Analyze as many charts as you can, make trades, and learn with every win or loss.

Top Penny Stocks List: December 14, 2022

2022 has been rocky…

But lately we’ve seen signs that the market can potentially recover.

The S&P 500 is one of the most widely-followed stock indices out there. It’s down from all-time highs in December 2021…

Lately we’ve seen signs that the market is in recovery mode — and there have been some incredible trades on the way!

Here’s the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) which tracks the S&P:

Since mid-October, the market has been on an upswing. OTC spikers are catching fire, seemingly every day.

But I’m not sold on a market recovery just yet…

I’m staying very careful in my trades. I’m seeing lots of spikes with no follow-through…

I’m sticking to my rules and you should too. I like trading multi-day runners, which give me confidence that they will bounce well off of the panics I like to trade.

There are still opportunities in this choppy market. Just make sure to keep your risk tight.

Think like a sniper. A sniper can watch a target for days, weeks even. When the right moment comes, they’re prepared.

Top 5 Penny Stocks to Watch This Week

My top penny stocks to watch this week are:

• Renewable Innovations Inc. (OTCQB: NBLD) — The Reverse Merger Penny Stock Supernova
• CGrowth Capital Inc. (OTCPK: CGRA) — The Volatile Penny Stock Runner
• Clean Vision Corp. (OTCPK: CLNV) — The Choppy Former Runner Penny Stock
• Global Tech Industries Group Inc. (OTCQB: GTII) — The Post-Pump Penny Stock
• Cloudweb Inc. (OTCPK: CLOW) — The Breakout Penny Stock

Some of these stocks might give you déjà vu…

My watchlists aren’t rocket science. They’re a product of paying attention to what’s already happened.

The stocks on this list are mostly former runners with recent news. That means I’m not the only one paying attention to them.

Remember: This is a watchlist, not a buy list. I won’t trade these stocks unless they fit my preferred setups.

The best traders watch more than they trade. That’s what I’m trying to model here. Pay attention to the work that goes in, not the picks that come out.

1. Renewable Innovations Inc. (OTCQB: NBLD) — The Reverse Merger Penny Stock Supernova

My first weekly penny stock pick is Renewable Innovations Inc. (OTCQB: NBLD).

A week ago I was much more excited about this stock. I saw it as a sign of a coming hot market in 2023…

It shot up from $0.08 to $3.72 in 2 days, as a reverse merger transitioned NBLD from real estate digital media to hydrogen fuel cell and renewable power generation. That’s a 4,600% gain!

Then, like we all knew it would, it gave back its gains, and I gave back some of mine.

I’d been struggling with executions all through the run. Still, I’d made some good trades. It was hard not to when a stock executes one of the most perfect bounces I’ve ever seen — bouncing more than 80% out of a morning panic on December 5!

In the past week, I lost more than $1,000 as the bouncing ball trended lower, and the volume lessened. I’m still up $621, but I’m reining it in.

Big picture — this stock has just a 6 million share float. And it had one of the craziest spikes I’ve ever seen just because it changed its name. Is it unrealistic to think it might have some news on the way?

2. CGrowth Capital Inc. (OTCPK: CGRA) — The Volatile Penny Stock Runner

My second weekly penny stock pick is CGrowth Capital Inc. (OTCPK: CGRA).

Remember Ilustrato Pictures International Inc. (OTCPK: ILUS)? That’s a crappy penny stock that I’ve traded for $15,000 over the past two years. It had a little bump in early September — before it went supernova — and I poked the hornet’s nest with this tweet:

This little tweet was retweeted by 200 or 300 bot accounts in October, after the ILUS pump failed. They were trying to blame me for their newbie followers jumping ship — but all they did was show me how many promoters were behind ILUS’s run.

Why am I telling you this? Because CGRA just got a new CEO — Nick Link of ILUS.

While they’re taking pains to reassure traders that the new acquisitions they’re teasing have nothing to do with ILUS, that isn’t the point. The point is, if you have any doubts as to what exactly CGRA is all about, ILUS’s chart should be a clue that this is DAY TRADE ONLY. Or, if you hold it overnight like I recently did, sell as soon as you see any resistance.

I’ve made $1,363 in the past week trading this stock very carefully. It looks like there’s more news ahead.

3. Clean Vision Corp. (OTCPK: CLNV) — The Choppy Former Runner Penny Stock

My third weekly penny stock pick is Clean Vision Corp. (OTCPK: CLNV).

I tried to trade CLNV on the way down from a 200% run at the end of November. I tried to dip buy it THREE TIMES in the first hour of trading on November 30… Leading to a loss of over $4,500!

I remember the upside potential that CLNV has too well. In September 2021, I traded it for a gain of $6,476 (starting stake $23,712).

I don’t hate these losses. I kept them to an average of 7% — which is too high, but the trades were moving fast. They were silly losses, not catastrophic ones. My mistake was clear…

I believed in this stock too much.

I still believe in the pumpability of this stock. It’s a stock I’ve tracked since it ran up 800% gains in 2020. I like to see that news can still cause 60 million shares to be traded.

I’m embarrassed, but that doesn’t mean I’ll miss the next move because I’ve stopped watching this stock.

4. Global Tech Industries Group Inc. (OTCQB: GTII) — The Heavily-Promoted Penny Stock Runner

My fourth weekly penny stock pick is Global Tech Industries Group Inc. (OTCQB: GTII).

As we head into the year’s end, I’m looking back on the best stories of the year.

Some will think about the 1,900% run that Imperial Petroleum Inc. (NASDAQ: IMPP) had in March. Others will look back at AMTD Digital Inc. (NYSE: HKD) crossing $2,500…

I will think of the all-time promotion that took GTII up 1,200% in September. And it isn’t just because of the $4,852 I’ve made trading this stock.

It’s because of how well it fit my 7-step pennystocking framework.

Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp

— Timothy Sykes (@timothysykes) February 28, 2021

GTII is still bouncing around. And the reason for a recent spike — a crazy, performative lawsuit against short sellers — tells me that the stock’s promoters are still running the show.

5. Cloudweb Inc. (OTCPK: CLOW) — The Breakout Penny Stock

My fifth weekly penny stock pick is Cloudweb Inc. (OTCPK: CLOW).

After looking back at GTII, let’s look at a breakout that isn’t on the downswing just yet.

REPEAT AFTER ME: I will focus on multi month runners like $GDVM $CLOW because they are SO MUCH EASIER/MORE PREDICTABLE. I promise to learn the https://t.co/4lKUY5B6aw & https://t.co/46W8tDB2QL patterns

— Timothy Sykes (@timothysykes) December 7, 2022

CLOW gained more than 500% through November. Even though it’s traded less than a million shares every day of its run, its volume isn’t too bad for an OTC stock with a float of 27 million.

What I really care about CLOW is its textbook stair stepper pattern — straight out of my Pennystocking Framework Part Deux DVD.

It’s had two significant panics since it first started running. One of the things I like about multi-day runners like this stock is that they have enough support behind them to bounce convincingly when they panic. That makes trading them less risky.

My former student, $10 million trader Jack Kellogg, crossed the $11 million mark trading CLOW… that’s before he made a series of rough trades. But his CLOW trade was a study in patience:

Please retweet/congratulate @Jackaroo_Trades who had a BIG six-figure trading day today on $TQQQ $CLOW $SQQQ to surpass $11 million in total trading profits, see ALL his trades: https://t.co/EzikHbwQ07 as ALL my top https://t.co/occ8wKmT5U students turned masters show ALL TRADES! pic.twitter.com/4O46rb87Tp

— Timothy Sykes (@timothysykes) November 11, 2022

He made over $11,000 on a 10-day swing trade (starting stake $9,120). That’s 120%.

In my November 23 trade, I made a 12% gain in the first hour the market was open. That’s the approach I’d advise, given CLOW’s illiquid volatility.

Trading Education

Education is what separates the winners and losers in trading.

Newbie: How fast can I make $1 million?

Veteran trader: How fast can you learn patterns, ideal setups & discipline to be prepared for what the market offers?

Newbie: Give me hot picks so I can get rich ASAP

Veteran trader: Give me education so I can learn to be self-sufficient

— Timothy Sykes (@timothysykes) June 4, 2022

I can give you all the “hot picks” you want — but that means nothing if you don’t know what to do with them.

Becoming a self-sufficient trader isn’t a game of getting the right picks before anyone else…

The market is based on supply and demand. For a stock to move, other traders have to know about it.

If you spend just five minutes with a powerful trading platform like StocksToTrade, it will be obvious what stocks are hot on any given day.

Guess what? Other traders know that too.

Trading is a battlefield. If you don’t read the instructions, you just get the location — no weapon.

But fear not — giving new traders their education is what I was put on this earth to do!

**Apply for the Trading Challenge Today**

I’ve been trading for more than 20 years. During that time, I’ve made over $7.4 million.

That isn’t what I’m most proud of. I’m prouder that I’ve turned more than 20 of my Trading Challenge students into millionaire traders.

I didn’t do this by giving them hot stock picks. I did it by being relentlessly honest about my successes and failures and teaching them to be that way, too.

You don’t become a millionaire trader by trying to impress your Twitter followers, like so many other ‘gurus’ do. You get there by being honest with them, and yourself. That’s why I’m always honest with my students — ESPECIALLY about my failures.

Because they’re not real failures if I’m following my rules, and cutting my losses quickly. When I lose, I want to show my students the right way to trade. That’s the secret to becoming a self-sufficient trader — knowing how to manage your losses.

Are you ready for this level of real talk? Apply for my Trading Challenge and show me what you’ve got.

We don’t accept everyone. We like to limit our community to people who are humble, people who work hard.

Think you’ve got what it takes? Apply to my Trading Challenge today!

Why You Should Consider Penny Stocks

Penny stocks get a bad rap.

Sure, 99% of them are crap. Most are even outright scams.

But where else can you earn 15-30% profits on a single trade?

If you buy a penny stock thinking it will become the next Amazon, you’re basically buying a lottery ticket. That can be fun, but it’s no way to build your trading account.

The right way to go about it requires discipline and a good trading plan.

How to Choose the Right Penny Stocks to Trade

I want my students to become self-sufficient. Like I said before, my watchlists aren’t rocket science. I build them by sticking to these eight steps.

Look for Big Percent Gainers

How do you find hot stocks? The first step is learning to use a stock screener.

I scan in the premarket to know what’s moving. Penny stocks that know the game often put out PR in the premarket. This gives traders the whole day to send their stock prices up before they dilute.

I typically look for 10% gainers. These are the stocks that the rest of the market has their eyes on.

Does it Have News?

We’re in the world of penny stocks, so this is a fair question to ask.

The ‘product’ of most penny stocks is their own stock. They want to pump it up, then insider trade/dilute into this built-up demand.

A lot of penny stock traders will believe anything — but I won’t. I want to see more than a celebrity tweet of a stock before I trade it.

How’s the Volume?

Volume is the proof of demand. If a stock has enough volume — on a small enough float — that’s a good sign that the price will continue to move.

Look at the Exchange

OTC exchanges aren’t for everyone.

Figure out whether your strategy works with OTC stocks. If you’re not willing to pay the fees and deal with low volume, you might want to stick to listed stocks.

Investigate the Company History

This is another good way of seeing whether the news will hold up.

Is this a real company? Is their stock a former runner?

You know the saying ‘fool me once, shame on you, fool me twice, shame on me?’ Smart traders don’t get fooled twice.

Always Verify Their Claims

Sketchy penny stock companies will say anything to pump their stocks.

Luckily, you have the internet at your disposal. Always check up on their claims.

Be Skeptical

Expect the stock you’re watching to tank. Nine out of 10 will — the percentage goes higher if you watch them long enough.

Rinse and Repeat to Add Penny Stocks to Your List

That’s it! Keep an eye on stocks that are moving, and wait for their next move. Never trade them before they fit your preferred setup.

Frequently Asked Questions About This Penny Stocks List

Trading is the hardest thing you’ll ever learn. There are no dumb questions.

How do you create your own penny stocks list?

Look at the section above for a detailed how-to…

How can you create your own watchlist?

Follow my logic, and watch the stocks that are moving. Soon enough you’ll have a few different watchlists.

Should I create a watchlist every day?

Absolutely. Self-sufficient traders have several watchlists, and they learn to watch stocks on a daily basis as well as longer timeframes.

Does Tim Sykes provide a NO-COST watchlist?

LOL, trick question. Check out the next section for the link.

For more information and a detailed guide on how to create a watchlist, read “Stock Watchlist Guide: Tips & Examples to Develop Your Own”.

How to Use the Top Penny Stocks List

You should use this list as a model for your own watchlists.

Don’t just copy the stocks on this list. Learn my selection process and create your own.

Sign up here and I’ll send you a new NO-COST watchlist every week.

Conclusion

Penny stocks can be a blessing or a curse — it’s all in how you trade them.

If you’re new to this, start paying attention. Study the patterns I teach.

That’s the only way to survive in this penny stock game.

Do you have your own penny stock watchlist? How many of the stocks on this list are on yours?