So far June looks better than May.
Take a look at this chart: the SPY price has sharply bounced off its lows…
SPY chart 2-years, 1-day candles Source: StocksToTrade
Whether it’s a dead cat bounce, a bear market rally, or the start of a new bull trend…
…it doesn’t matter.
The only thing that matters is that stocks are currently trending higher.
Why?
Because it creates a better trading environment, packed with endless opportunities.
If you’ve been struggling the last few months with your trading, this could be a chance to make up some lost ground.
I’ve zeroed in on seven stocks that I think have the potential to blast off under this market environment…
7 Easy to Find Tickers
It’s not some big secret…
Most people just don’t know how to scan for the right stocks.
And even after building the scan, only some tickers are worth our time.
For each one, I’ll explain why I’m watching them and how I found them.
There’s one catch. You won’t be able to trade these tickers profitably on free software.
The reality is, that free software displays information too late.
As a day trader, I take advantage of quick and volatile price movements.
Trading without up-to-date information would be almost impossible.
Well … I guess you could still trade. But I wouldn’t expect it to go very well.
Don’t worry, there are some inexpensive options out there. And if you just want to dip your toes in, try the software I use. It’s made by traders for traders.
Here’s a link to the 2-week trial.
Now let’s get to the stocks…
#1: Missfresh Limited (NASDAQ: MF)
I scan for stocks under $5 that have gained 20% or more.
Here’s why…
Low-priced stocks tend to spike higher. And stocks that have already spiked 20% can keep going.
And on Thursday, June 2, 2022, MF met those requirements.
I don’t trade stocks unless there’s a catalyst. I like to see some recent bullish news. But if the stock is in a hot sector, that works too.
This company is an on-and-off line grocery store.
With inflation pushing prices higher, grocery stores are in a great spot to profit. People will always need to buy food so higher prices don’t deter customers as easily.
#2: BlackSky Technology Inc. (NYSE: BKSY)
I’ve been watching this stock ever since it first spiked on May 25, 2022.
The company won a 10-year U.S. government contract. That’s the kind of news that really moves stocks.
It ran more than 250% in four days.
Right now it’s consolidating below highs.
And if it breaks out, I’m ready to profit.
#3: GeoVax Labs Inc. (NASDAQ: GOVX)
This one spiked in May too.
It’s below $5 and ran more than 20%.
And it’s been moving sideways ever since.
Here’s another great thing about this stock: it’s got a float of 9 million shares.
Stocks with lower floats have a lower supply. If demand goes up, the price will go higher because there’s only so much available.
I try to find stocks with less than 100 million shares for the float.
And 9 million is pretty low.
#4: The Very Good Food Company Inc. (NASDAQ: VGFC)
This is another grocery store type of play that I’m watching.
It spiked on May 25, 2022 on retail-expansion news.
This is a really great catalyst. It shows real added value to the company instead of just hype.
The price might bottom above $0.23.
We’ll have to see if the support level holds up.
#5: AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI)
Oh my gosh, there’s another grocery store play on this list.
People, think about what we buy most when we’re strapped for cash.
Inflation will push prices higher everywhere. This means consumers might have to give up certain goods.
No one’s giving up food.
And this stock has been consolidating since the spike on May 16, 2022.
It’s also a former runner. Look at the chart history.
Stocks that have spiked in the past can spike again.
#6: Houston American Energy Corporation (AMEX: HUSA)
This is an oil and gas play with a big history of spiking.
On March 7, 2022, it ran 350%+. That’s just in one day.
If this stock isn’t on your watchlist, change that now!
#7: The Singing Machine Company Inc. (NASDAQ: MICS)
This stock has a really low float. Just under 2 million.
And it recently uplisted to the Nasdaq.
Sometimes things like IPOs and uplistings can cause a lot of volatility.
And as a trader, I look for volatility to profit.
How to Trade These Stocks
There are a lot of different strategies to choose from.
Try not to get overwhelmed. It’s not worth the headache.
Instead, focus on one pattern at a time.
I’d either choose Marck Croock’s 6-figure pattern…
Or my personal favorite…
Here’s the link to my favorite pattern.
Time to buckle down,
Roland Wolf
Editor, The Wolf’s Den
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.
