timothy sykes logo

Penny Stocks News

Top 4 Stocks To Watch This Friday

Timothy SykesAvatar
Written by Timothy Sykes
Updated 11/2/2023 6 min read

Looking at this recent market surge, I can’t help but get excited thinking about all of the opportunities that may be headed our way.

With DIA soaring more than 3% in the last week…

SPY is up 3.84%…

QQQ is up 4.78%…

Plus the the Federal Reserve decided to pause interest rates…

And with earning season is upon us…

It just means one thing for us as traders…

Fasten your seatbelts!

Today, I’ll be sharing with you the top four stocks that I’m closely watching in hopes of taking advantage of.

Are you ready to end this trading week on a high note?

I know I am!

Let’s dive in!

Stock #1 – ImmunityBio, Inc. (NASDAQ: IBRX)

If you’ve been trading penny stocks for a while or have been following up on what I’ve been sharing with you every day…

You most likely know how much I like seeing stocks run for multiple days!

Let me be clear, NO one here should take their eye off of a stock after a big run…

Whether it’s for a single day or multiple days…

That would be a HUGE mistake.

Truth is, you don’t know how long a stock will run for…

But what I do know is that eventually, we’ll see these multiday runners panic.

It’s all a part of my 7-Step Penny Stocking Framework. 

Now that we addressed the importance of keeping an eye on any stock that has a big run…

Let’s take a look at IBRX.

Source: StocksToTrade

It’s been a while since we’ve seen multi-day runners like this…

Here are a few other examples where stocks ran for multiple days…

  • Global Tech Industries Group, Inc. (OTC: GTII)
  • Cloudweb, Inc. (OTC: CLOW)
  • GlycoMimetics, Inc. (NASDAQ: GLYC)

The purpose of a watchlist is to put you in a better position of knowing how to capitalize on the best setups right in front of you…

But the truth is, you never know what will happen in the market, and some may not always offer you an opportunity to trade it…

And that’s ok and it’s perfectly normal for that to happen, so don’t get discouraged…

The most important thing you can do is not try to force a trade that isn’t there.

In the coming days, I’ll be focusing on IBRX to see if it will have a convincing breakout above $3.75…

And over the last few days, it’s struggled to break that key resistance level.

If it’s unable to break that key level, I’ll be looking for it to have that morning panic.  

I don’t want you to hold and hope for it to return to its highs because I do expect this play to eventually fall back into the $2 range.

Stock #2 –  Tupperware Brands Corporation (NASDAQ: TUP)

Once again, TUP is back on my radar and I’ll be closely watching it for the next several days…

Here’s the chart.

Source: StocksToTrade

At the time I’m writing this, TUP is having a tough time breaking through the $2 mark…

So in the coming days, I’ll be looking to see if it can get the volume and squeeze above that to trade the breakout…

More Breaking News

Or I’ll be simply waiting to see if there’s a solid morning panic that I can dip-buy to turn a quick profit.

Stock #3 – Cellectis S.A. (NASDAQ: CLLS)

CLLS soared over 200% in just two days…

Take a look at this chart!

Source: StocksToTrade

CLLS is a two-day spiker and it’s a bit over-extended at this point.

This stock has been beaten down over the last several months and at the time I’m writing this, it’s barely been able to hold above the $3 mark…

So in the coming days, I’ll be watching closely to see if there is a solid morning panic…

But if there isn’t a bounce with this over-extended play, remember to cut your losses quickly!

Stock #4 – Affirm Holdings, Inc. (NASDAQ: AFRM)

AFRM is a little bit of a higher-priced play that I typically don’t prefer to trade…

But when you see them spiking on solid news, I can’t help but watch them and see if they have legs.

Take a look at the chart…

Source: StocksToTrade

In this newfound resilient overall market, I’ll be looking for potential buys into any big intraday panics or dips…

Or for it to have a solid break out above $20 per share.

Once again, if there isn’t a bounce or it continues to trend downwards as the day goes on…

Be sure to cut your losses quickly!

Trading is all about focusing on the best setups that are right in front of you…

That’s why every day I focus on big percent gainers as it opens the door to multiple opportunities…

And that’s why all of you should be creating a watchlist every single day to help put yourself in a better position on what to focus on.

If you want to be ready to take advantage of whatever the market throws at you today or tomorrow…

Make sure you’re taking advantage of these FREE trading sessions to help you better understand what some of the best plays out there and why.

I’ll see you in chat.

-Tim

How much has this post helped you?

(0 votes, average: 0 out of 5)
Leave a reply
Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.
Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”