Every Sunday I send out my stock watchlist for the coming week.
In today’s blog I’m reviewing last Sunday’s watchlist to help traders learn the process to create their own watchlists. My goal for you is self sufficiency.
Plus, the market was closed on Monday, February 17 for President’s Day. Today is our first chance to trade Friday’s hottest runners.
I already snagged a profit from one of the stocks on this watchlist …
On Friday, February 14, Jet.AI Inc. (NASDAQ: JTAI) spiked 210%* after announcing acquisition news from flyExclusive.
I pulled a 20% gain from the move. Take a look at my trade notes below:
I can teach you how to trade these big runners.
It starts with the right stocks!
Table of Contents
My Watchlist This Week
We focus on the biggest stock spikes so that there’s enough room to grab decent gains. And we don’t have to worry about timing it perfectly.
But the opportunity for larger gains comes with the risk of larger losses …
That’s why my students and I focus on:
- The hottest stocks.
- And only the best setups on each stock.
We use the same patterns over and over again to trade these stock spikes. Those are the setups that I’m talking about.
When the price action matches one of our patterns, we know that it’s time to make a trade.
My newest students even use AI to follow these plays. The AI follows my exact process for gains.
Type in the hottest stock and it will give you a trade plan as if you asked me directly.
Try it with any of the stocks from my watchlist this week:
Stock #1: SRM Entertainment Inc. (NASDAQ: SRM)
On Friday, February 14, SRM announced that it entered a lock-up agreement with Safety Shot Inc. that restricts the sale of 2.3 million shares until January 1, 2026.
That effectively lowers the share supply in the market and demonstrates faith in the company’s long-term growth.
The price spiked 140%* as a result.
On the chart of the spike below, every candle represents one trading minute:
Intraday on Friday there was a lot of support around the $0.60 level.
On Tuesday morning I’m looking for a rally off of that level and a retest of Friday’s highs around $0.80. Those two moves could give us opportunities to trade.
Plus, StocksToTrade shows that the float is only 2.4 million shares … That low supply of shares bodes well for a follow up spike.
A low supply of shares helps prices spike higher when demand increases.
We try to look for a float of 10 million shares or fewer.
Stock #2: Jet.AI Inc. (NASDAQ: JTAI)
I traded this stock during the 210%* spike on Friday.
During premarket, the company announced acquisition news from flyExclusive.
A business merger is a good trading catalyst because it shows growth and larger business momentum.
The JTAI spike looks a lot like the move on SRM. There was an early spike and then a consolidation into the close.
This week I’m looking for JTAI to rally off of the $5 level and retest the highs at $8.
StocksToTrade shows that the float is only 68k shares … That’s a tiny share count. And it could propel the share price much higher.
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Stock #3: Allogen Therapeutics Inc. (NASDAQ: ALLO)
On Thursday, during after hours, ALLO announced the publication of bullish data from phase 1 trials of its treatment for Lymphoma.
The spike reached 40% intraday on Friday.
Notice, ALLO spiked 40% versus the +100% spikes from SRM and JTAI …
It’s partially because ALLO has a much larger float. StocksToTrade shows a float of 158 million shares.
We can still trade the momentum on ALLO because there’s a catalyst to push the price higher, but manage your trade expectations accordingly.
We’re not here to make $1 million on a few trades. We’re here to trade the hottest stocks with consistent gains over and over again.
Take it one trade at a time and manage your expectations.
Cheers.
*Past performance does not indicate future results
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