Evening, Teachable moment. This is the first time in a year that the penny stock 2000 (IWM) broke the mean (dotted line) to the downside and didnât visit -1 ATR (Average True Range), but instead made a nice rounding bottom on the 2-year weekly. Iâve been sounding the alarm that penny stocks are going to go on a tear in 2023 and so far Iâve been spot on. Need more convincing? How about a note from Bank of America?! âThere is a great new bull market set to form in stocks in 2023, just not where most traders expect. Small-caps are poised to go on a big run in 2023. Secular trends of stagflation, reshoring, localization, fiscal stimulus = small-cap bull in 2023.â BofA said. This is nothing new guys and gals. Iâm sure youâve seen these charts by now but itâs worth repeating. Penny stocks (purple) compared to the S&P back in 2009 and again in 2020. I mean this is what Iâm looking at right now in our LIVE STREAM chat room. This is JUST todayâs price action. Ya, about $2 to $10 already. Crazy, right?! Pennies are back! Do not wait until December for me to tell you how it went. Make sure youâre a subscriber to my nonstop penny stock powerhouse [Lightning Alerts]( because weâre all over it. Iâm so tired of hearing the talking heads ramble on about TSLA crashing. Goodness, just tonight as I build this watchlist thereâs a dozen penny stocks up 10-50% in just the last few hours. Haters will say penny stocks have no liquidity. Yet BIOR has traded $36M dollars in just a few hours since the 4P ET close. Thatâs the 68th most liquid stock out of 2,500 trading tonight. MSFT is up +0.03% tonight and TSLA is down -0.18%. Sure theyâve traded over $100M tonight but Iâm looking for liquidity and range. I mean, what can we do with MSFTâs +0.03%? Exactly, nothing! And for anyone who shouts, âI trade dem call and put options on large capsâ I ask, do you do that profitably? If not, youâre probably fishing in the wrong pond. I mean letâs be honest. We know most traders lose money. And we know options trading is harder than day and swing trading penny stocks. If we agree on those points, then we also know most options traders got blown up in 2022. Maybe penny stocks arenât so bad after all? In the famous lyrics of Black Sheep You can get with this, or you can get with that. I think youâll get with this, for this is where itâs at. If you need more motivation, read Malcolm Gladwellâs David and Goliath. [Being a Lightning Alerts subscriber]( means you believe itâs better to be a big fish in a little pond. And while that is scorned by some, small ponds are welcoming places for those on the inside. They have all the support that comes from community and friendship--and they are places where innovation and individuality are not frowned upon. [My Lightning Alerts service is indeed niche](. And our focus is to advance our skills as small-cap day and swing traders, without worrying about mainstream opinion. I turn my home office live stream on at 4A ET and off at 8P ET, sit down with my subscribers, and we trade small-caps with an intensity youâre unlikely to find anywhere else on the Internet. I welcome you to [look over my shoulder]( so I can show you. Thank you Michelle. Tuesday I closed a 20%+ swing on AMAM and had a small losing gap & go day trade at the open. We did not find a Lightning Strike premarket, which increases the probability of alerting one Wednesday morning. Headed into Wednesday Iâm swinging SWVL, HKD, CENN, ORIC, and long-term LQMT. I think SWVL is the riskiest swing trade I own right now, but also has the biggest upside. ORIC had great news with Pfizer recently and due to the open ended nature of the deal, I think the stock makes another move, this time to $10. I tend to look for 10-20% on swings, 50%+ on long-term trades. BIOR has 4.3 months of cash left based on a quarterly burn of -$17.8M and estimated cash of $24.8M. I wanted to get an alert out on this one today for around $5, however, historically they dilute a lot, have a high cash need and high overall risk of an offering. This one was best for a momentum day trade, but overnight risk was too high. Note, itâs already at $10, see Tuesday nightâs after-hours chart above. Holy HOLO batman! MicroCloud continued up Tuesday with no news. The float is tiny here at 8.47M and insiders own 81% of the company. If this holds $7 Wednesday, I suspect growing short interest could squeeze the stock into double-digits before the weekend. PRTY and BBBY are two stocks bouncing after bankruptcy news. Iâm rooting for them, mostly due to nostalgia (Iâm 46 and grew up with malls, not Amazon). These are great for day trades in chat, but nothing I want to be in overnight. APES will no doubt try to YOLO this but Iâm on the sidelines here because like Pier 1 Imports, thereâs only one way these end and it aint in favor of the retail shareholder. DMTK and BOXD were some horrible looking charts headed into this week and still are. Both jumped about 50% Tuesday and have big upside ranges between $4-$6 for DMTK and $1 for BOXD. I favor DMTK but do question if it can get above $4. RAYA dead cat bounce worked. This stock makes big moves. Watch it above $2.50 for a move to the upper $3âs again. I still think this goes to $5 or $6 on a breakout above the IPO high. APCX is into nice breakouts and if it can hang around $3, itâs a clear sky breakout. The float is 11M but they are low on cash so mindful of dilution. Remember, offerings will destroy momentum on nearly every penny stock. The company has 5.8 months of cash left based on quarterly cash burn of -$1.92M and estimated current cash of $3.7M. Volume is a little light here and to me thatâs good on a day it ran 31% i.e. no sellers showed up, so maybe it wants round number $5? Lightning Alerts momentum guide. GSUN tried to manage $2.44 Tuesday but failed. I believe this could go to $4 so watch to see how it handles the middle $2âs Wednesday, if that resistance falls, thereâs a lot of upside range before the next resistance. HOTH put in a nice candlestick Tuesday and has range to $10. Low float, offering behind them and good news recently could carry it higher. See the HOTH pattern? EKSO says I want to be noticed and oh I see you EKSO. Huge range above $1.60 so look for a break to $1.65âs, consolidation and continuation to middle $2âs. Cool company too, Iâm rooting for them. LANV is a recent SPAC that I like above the $4.86 low Monday. If this holds middle $5âs, it trades pretty smooth for a larger small-cap. The last bounce to $10 illustrates my point. French designer, one of the oldest in the world, but a lot of debt and apparently a bit dated too. But I liked how it traded from $4.19-$9.85 in the last bounce, I could care less about their clothing. JEWL dead cat. Range to $5. Donât believe me? I was right about RAYA dead cat above. OTLY next pullback to $2 I think Iâll look for a long-term trade to $4. I like this company so I want to start watching. But the recent bounce has eaten up most of the range to $3, so it needs to make a higher low before entry. Want Lightning Alerts on these stocks and more? [Join us. Iâm pretty confident youâll love it too](. Thank you Jorg. Jason Bond Text âRAGEâ to 1-888-404-5747 to get exclusive trade alerts & offers [ð§ð Forget everything you know about influencer marketing](
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