Welcome back to the Wolf’s Den,
The overall market is still deciding on a direction. Let’s take a look at a chart.
The S&P 500 ETF Trust (NYSE: SPY) has local support from a month ago, but we’re not out of the woods yet…
Since the market’s uncertain right now, it’s really important that we focus on the best plays.
I’m watching four stocks this week. They’re the only ones with a chance of moving higher.
Don’t get distracted by crappy stocks, watch these instead…
How To Trade These Spikers
Here’s one of the best things about this niche: things move fast.
Sometimes a trade will only take a few minutes.
For example, Sykes made this trade yesterday. It didn’t take longer than 10 mins…
There’s one catch. In order to profit from these moves, traders need to use up-to-date software.
Some trading software displays data 10-20 minutes late. That’s no good.
Make sure you’re using the right platforms.
Growing A Small Trading Account? Check this Out
When multi-millionaire trader Mark Croock first started trading, he was an overworked and underpaid accountant…
So he knows what it’s like to start small while wanting to massively grow your wealth as quickly as possible.
That’s why he just recorded a step-by-step training that reveals what he believes is the best options trading method for someone trading with a small account.
I use StocksToTrade.
Now you’re prepared for volatile price movements.
Like the ones on these stocks…
4 Stocks
I don’t have any open positions right now.
Remember, these trades can be quick.
I’m going to sit on my hands until I see a perfect play. That’s how professional traders stay profitable.
#1: SaverOne 2014 Ltd. (NASDAQ: SVRE)
This stock is a recent Nasdaq listing, which always makes the price a bit volatile.
It’s also got a really low float. Only 1.6 million shares outstanding.
I don’t see any news that I like right now, but I think there’s definitely the opportunity for a hot catalyst.
#2: Helios Medical Technologies Inc. (NASDAQ: HSDT)
Another low float stock that ran yesterday on high volume.
The stock fell off highs quite a bit.
I’m not the most excited about this one, but I’ll definitely keep an eye on it.
#3: Greenwich LifeSciences Inc (NASDAQ: GLSI)
This is a low-float sketchy-biotech stock.
It recently announced a postponement of the share repurchase program.
That’s bearish news. And shorts didn’t waste any time getting in.
Now the stock is stuck in a classic short squeeze.
I’m watching the price to see if it can break out over highs.
#4: Seritage Growth Properties Class A (NYSE: SRG)
This stock has a slightly higher float, but not huge: 46 million shares outstanding.
It gapped up and spiked on July 8, 2022. And it’s still consolidating below the break-out level.
Keep a trained eye on this runner!
Depending on when you read this letter, it might be too late for some of these stocks.
As I said, this niche moves fast.
Want to know the hottest stocks every morning right before the market opens?
Check out this watchlist algorithm.
Pay attention to the profits,
Roland Wolf
Editor, The Wolf’s Den
Find Profitable Trades In a Volatile Market
Day traders should embrace this volatility. Looking for guidance? Get exclusive mentorship from two experienced traders, Tim Bohen and Bryce Tuohey.
All content in this newsletter is intended for educational and informational purposes only.
The material in this newsletter is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following The Wolf’s Den’s strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by The Wolf’s Den to adjust for those fluctuations may change without notice.
There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments.
You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.
