Happy Monday!
There’s a whole week full of profit opportunities in front of us.
Last week we watched SO MANY runners:
- Roadzen Inc. (NASDAQ: RDZN) spiked 100%*.
- Ocean Power Technologies Inc. (AMEX: OPTT) spiked 190%*.
- Senti Biosciences Inc. (NASDAQ: SNTI) spiked 120%*.
- Annovis Bio Inc. (AMEX: ANVS) spiked 130%*.
- Koss Corporation (NASDAQ: KOSS) spiked 180%*.
And this week we’ll see all new spikers. But not all spikes are created equal …
From the thousands of stocks moving every day, there are only a handful that give us true opportunities in the market.
Don’t worry, I’m here to show you what a GOOD stock looks like.
This week, only pay attention to these kinds of stocks:
What Makes A Spiker:
Before we get into the details, you have to understand: This is an inexact science.
Every stock will look a little different. With experience, a trader can recognize the important commonalities.
This is what we look for every day in the market, a stock that:
- Has a low share price, usually under $5.
- Has a low float, below 10 million shares.
- Is spiking +20% on the day.
- Is trading at least 1 million shares of volume.
- Has a news article or catalyst to push the price higher.
- Has a history of spiking.
It seems like a lot of factors.
But when you consider that there are thousands of stocks moving every day, this list of factors whittles down that list to a handful of legitimate trade setups.
It’s important to keep in mind that this is an inexact science because sometimes we see solid setups from stocks just outside our factors.
For example: Ocean Power Technologies Inc. (AMEX: OPTT) was a solid trade setup last week.
Take a look at the spike below:
The float shows there are 55 million shares outstanding. That’s technically above our goal of 10 million shares or fewer.
But comparatively, it’s a far cry from much larger stocks in the market. Take Tesla Inc. (NASDAQ: TSLA) for example. That stock has a float of 2.5 billion shares.
You don’t have to guess whether the stock you’re watching is a good setup … These days, my newest students are using AI to track the hottest runners in the market.
The AI follows the tested framework that my millionaire students and I use to profit.
Use every tool at your disposal right now!
This bull market momentum won’t last forever.
It’s not like Jack Kellogg profits $100,000 all the time … This 2024 market is built DIFFERENT.
See his trade from July 1 below:
This is where Jack posts his top trade setups.
It’s time to hit the ground running!
Cheers.
*Past performance does not indicate future results
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