I’ve talked about volatility a lot as of late.
For most, it’s proving to be very challenging.
Not so much for me though. In fact I recently added a new service… Weekend Wiretaps, which has me pulling money from the market over the weekend.
I get it the weekend is our break from the market. It’s a time for fun and relaxation.
And with the stock market closed… you must be wondering how I can possibly pull that off?
But that’s just it, I’m not actively trading.
And I’m not taking some random trade here. I have very specific criteria I am looking for to find the best trade to take over the weekend.
The key is, I am not dealing with the market itself, such as the SPY… the ETF tracking the S&P 500…
… nor am I trading the stocks of household companies…
You see the market and blue-chip stocks are currently in a news-driven cycle… and leave you at the mercy of weekend headlines… which could be catastrophic… especially right now.
So instead of keeping up with and worrying about the news over the weekend… when there is nothing you can do about it…
I get to spend time being active, getting things done and relaxing with friends and family.
This is why I trade stocks that are moving due to their own catalysts, they aren’t affected by the overall market chatter…
And I created a strategy to take advantage of weekend moves in those stocks… Weekend Wiretaps…
You probably have a lot of questions, so let’s dig in with the 411.
At the end of the day on Friday, I run my custom scan to narrow in my single best stock to hold over the weekend.
I place a trade in this stock on Friday afternoon and then go out and enjoy my weekend with no stress.
And don’t worry… I have specific criteria I look for… mostly based on the demand coming into the stock, mixed with a chart pattern and a catalyst to propel the stock higher.
That’s all it takes… and I don’t have to spend any time worrying about what is happening in politics, Covid-19, the global economy or anything else in the world.
I don’t have to read all the headlines, or even worse try to make sense of them…
Just pick the very best setups in stocks giving me the highest odds of making a move Monday… and start each week off with some green.
And members of my service get a trade alert every Friday afternoon letting them know my very best trade idea to hold over the weekend.
Not only is it easy to follow, you know exactly when to expect the alert each week.
Take a look at last Friday’s trade.
I sent out an alert and entered a trade in INO last Friday.
The rectangle on the chart shows the two day trade… Friday being the first candle, where I entered the trade and held it over the weekend.
And the second candle is Monday when I pulled in 13%.
I’m sure you are looking at Monday’s candle and thinking how ugly the big red bar is. Here’s the answer:
I am looking for trades that have a high likelihood to gap up on Monday morning or make a move on continued momentum early that morning.
So I enter Friday afternoon, just before the market closes and exit first thing in the morning on Monday… most of the time.
That’s the beauty… even though the Monday candle was an ugly red bar, I still cashed in for 13%.
You may think 13% doesn’t sound like a lot, but when is the last time you saw a double digit return doing so little in so little time.
And not every trade will be 13%. While there will undoubtedly be a loser here and there, there will also be some monster winners.
Just look at BIOC…
BIOC netted me a massive 75% return… over the weekend.
If that doesn’t make you tingle I don’t know what would.
And I’m not the only one who cashed in on BIOC:
So what about when the Market is down?
Well like I said, I am trading stocks that don’t move with the market.
Just check out PASO, the March 13 Weekend Wiretaps alert.
I pulled in $1,000 by holding this over the weekend…
And Monday morning when I cashed it in for $1,000 profit… the market was down 2,300 points — that’s massive!
This is why I am able to enjoy my weekend even when I know I have a trade on… I’m not worried about the market.
I’m looking forward to adding to my profits come Monday.
Mar 13, 11:02 AM
bill b: In PASO at .0308, out at .0337….+$725
Check out IPIX from my March 6 Weekend Wiretaps alert.
I held this over the weekend and what happened Monday?
The market gapped down 7% that day… but I was cashing out for a 20% profit with IPIX gapping up.
And you will probably notice the big red bar IPIX made that day… you saw this before.
Even though it ended up going down on the day…
… my trade was to catch the move over the weekend into the morning, which netted me a cool 20% on a gap up…
And this was while the market was gapping down 7% and hitting circuit breakers.
And although this is a new service I just launched, it is by no means untested. I have been doing this for a long time, trading the strategy with the members of my Platinum chat room.
Having worked out the kinks and getting great results is why I was so excited to launch it. To be a part of it, click here.
And to show you I’ve been doing this long before now, here’s a trade from back in September, before launching this as a standalone service.
GHSI was my trade on Friday Sept. 13…
Come Monday, GHSI gapped up for a great return over the weekend…
And by the 18th, just two days later… the stock was up over 100% and many of my members cashed out big…
As you can see from the examples above, my strategy to find these weekend trades has been working in many different market environments.
The Weekend Wiretaps service is now up and running, this is your chance to get in early.
But that’s not all…
This Tuesday April 7th at 8PM EST, I will be hosting a live class for my Weekend Wiretaps members. I will go over the progress since the launch a few weeks ago. I will talk about what’s next and explain the trades in detail.
As well as, answer any question you may have.. Get in now or you may miss your shot to be there live and learn all about the trades…
My next Weekend Wiretaps alert is this afternoon, so don’t delay getting in. You can grab today’s alert along with a seat at the live webinar on Tuesday…
Stocks are all over the place right now… and many traders are having a tough time adapting to this environment.
If you’re having a tough time trying to figure out a direction, that’s okay because there are simple adjustments you can make to start profiting in this market.
The news is all COVID-19… quarantine, distancing, shutdowns, looking for the peak, and most importantly… economic impact.
When it comes to market talk, what you’re not hearing about is penny stocks…
… and that’s how I’ve been able to make money and avoid getting sliced up by the violent moves in the market.
Don’t believe me?
I launched my Small Account Challenge a little over two months ago – the goal is to turn $500 into $5,500 in just 3 months.
Since then, the account has grown to $7,400 – locking in $6,900 in real-money profits.
That’s a 1,380% increase… and if you parked your money in exchange-traded funds (ETFs) like the, S&P 500 ETF (SPY) over the same period… you’d actually be down… a lot.
I can’t tell you where the market is headed… but I can show you some of my best setups and how you can make necessary adjustments starting tomorrow.
When the market is as volatile as it’s been over the past month… it’s not the time to beat yourself up about taking bad trades… it’s bound to happen when markets are all over the place.
The best thing you can do to set yourself up for success is to adjust your trading.
The easiest way to do that?
Focus on other opportunities… ones that don’t follow the herd.
Where can you find these money-making opportunities?
You see when the market is all over the place like it is… most traders are focused on trying to manage their risk and figure out what’s going on with the virus and what the economic impact will be.
What ends up happening is they get taken by the market pundits who are only reactive, telling you what has happened… not where you can make money now.
That’s not the case with me.
I’m actually going to show you what has been working in this market environment and how you can actually find opportunities using my simple setups. No, I’m not going to show you patterns that worked months ago…
… I’m going to show you my setups that worked while the market has flipped back and forth and helped me realize 1,380% in my Small Account Challenge…
(Profits like these are possible in this market environment. Simplify your trading with Profit Prism today and start building your account. Click here for the details)
Here is one of my favorite setups: the breakout.
Check out this daily chart in Ritter Pharmaceuticals Inc. (RTTR)
I took RTTR on March 20th at the same time I place my trades every day: between 3:30 PM and 3:59 PM EST. When I’m taking trades this late in the day… I plan on holding the stock overnight.
In this market environment, many traders will tell you not to take an overnight risk because it can damage your account. Not with penny stocks though.
If you look at what RTTR did when I traded it… and compare it to the overall market… you can see that penny stocks aren’t affected by market volatility.
With penny stocks, when there is a break of a recent high… whether it be weekly, monthly, quarterly, 52-week highs, etc.. it builds momentum and tends to breakout… and that’s exactly what RTTR did.
I saw the stock break above that key resistance level – the signal telling me to buy the stock.
So what did I do?
Well, I bought shares of RTTR at $0.026 for a possible run to the next resistance level.
The very next trading day, I was taking profits… locking in 20% gains while the market was red.
Here’s a look at another setup that’s been working for me.
Take a look at the daily chart in Arbutus Biopharma Corp. (ABUS).
I took this trade on Thursday, March 19th while the market was doing a whole lot of nothing.
If you look at the chart above, you can see exactly what got me into the trade.
The first thing I saw was ABUS making a pop up after failing to break below the daily lows from the past couple of days. That let me know there are support and buyers at those lows.
What happened next was that the current day’s candle took out both of the previous days highs after holding above the lows.
This was my signal that the momentum was headed up… regardless of the market.
The very next morning when the stock market ended up crashing down… I was actually taking profits – locking in 20%, in less than 24 hours.
Not only did my pattern tell me when to get in… I also knew when to get out, and avoided the massive pullback in ABUS.
I grabbed 20% in the morning before ABUS turned back down… (as you can see if you go back to the daily chart above)
You’ll notice the 200 day MA was right above at $2, so I like to shoot for profits just under such a major resistance level… and with the market so volatile, I shoot for quick returns.
But I’m not the only one profiting off these patterns. Many of my clients have been using it to their advantage.
Eric G. — “Jeff – Your plays from Friday, I made about $1500 off them between Friday and today. Thanks”
Erlan P. — “I’m pretty much new at this and i figured it out fast. made a few mistakes but had a lot of winners. Thanks for the education, jeff. I’m up on my portfolio.”
Bill B. — “BTW Jeff, thanks for all of your education, training, and alerts. Was able to go buy my family a customized golf cart yesterday and pay cash out of my earnings since I’ve started following you.”
That’s the beauty of trading penny stocks… you can still find stocks to make you money, even when the market is bouncing all over the place, by using my Profit Prism trading strategy.
Not only that, you know exactly what time you’ll be placing trades every day, so you can still trade even if you have a busy schedule.
If you want to learn more about my Profit Prism trading and how it can help you generate high returns… fast. Then check out what it’s like to be a member.
First things first, if you don’t know what a short squeeze is, you can get all the info right here.
But why should you care in the first place?
Well, when a short squeeze gets going… those who bet against the stock flood the exits — and that causes stocks to skyrocket with “no ceiling in sight”.
In fact, if you get caught on the wrong side of a short squeeze… you could literally blow your account out in short order.
However, if you know how to play the long side… It could be a monster payday!
There are specific market forces that create the fuel for an epic squeeze.
When I stalk explosive opportunities in the market, I focus on the overall concentration of short interest (days to cover and short percent of float), and the recent price action.
In the right setting, those two simple indicators allow me to spot potential parabolic moves in stocks.
Once the shorts panic and start to cover, it creates a demand that can not be matched… and in turn, creates the most powerful move you will ever see in the market.
The good news for you, I am always watching stocks that have the potential of getting caught up in a squeeze, and today I am going to share those stocks with you…
Here are the top 2 short squeeze candidates that I am watching right now…
Nymox Pharmaceutical Corporation, a biopharmaceutical company, engages in the research and development of drugs for the aging population.
With demographic shifts over the next decade, this is an interesting company to look at.
Of course when we talk about a short squeeze none of that really matters. It’s mostly about the technicals.
The news and product development can lead to a catalyst however, that’s why I like to take a quick peek at what they do and what is going on right now.
Concentration of Short Interest:
With 19.8 days to cover and 8% short interest, the concentration isn’t on the super-high range. But that could be fine because at least it shows there are still some people that believe in this company.
A look at the price action:
Coming off a downtrend, NYMX made a good pop off the bottom.
The stock was facing resistance at the 200 day MA. On the move up, it broke above it and is currently holding above.
And that brings us to the next point.
NYMX was in a nice uptrend based on its own news and company performance. It got crushed with the market.
If the underlying fundamentals are still there…. Is it primed to come back?
What I’m Watching For:
What I want to see in NYMX is for it to hold above this support level at the 200day MA.
If it holds above here, I want to see some real volume come in on the move up. This could get me in.
There will be resistance at the 50day just under 3.
If the stock can get above there, this would start to put some pressure on the shorts.
Atlanticus Holdings Corporation provides credit and related financial services and products to the financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance.
When I hear the underserved in the credit markets, generally lower income and bad credit is what come to mind. Which also leads to some crazy interest rates.
I’m not about taking advantage of people. And while there is a need, the tactics leave something to be desired.
So while it’s not really the type of company I would invest in, a quick trade… now that’s different.
Concentration of Short Interest:
As you can see the concentration of short interest is no joke.
Recent Price Action:
Looking at the chart, ATCL is coming off a V-bottom. Not as much volume as I’d like to see on that though.
And like NYMX, it broke above the 200 day. ATCL squeezed up through the 200 day straight to the 50 day before hitting resistance from the shorts trying to hold their ground.
It’s showing support at the 200 day.
What I’m Watching For:
I want to see that hold that level, and while there is resistance at the 50 day, it could get another squeeze if the buyers can push it through that level.
The next level from there would be in the 15 range. And above there to 18 the shorts would be running for the exits as their position will turn against them.
Both of these stocks offer potential that can lead to a short squeeze.
I will be keeping a close eye on each of these for their potential to put some pressure short sellers.
But while I am watching these stocks… I am also trading every day with my core Profit Prism system… and I am absolutely crushing the market.