Trends that matter this week

I'm excited for May, here's why. At the start of February, small-caps (IWM) were soaring. In fact, the Russell 2000 hit a high of $199.26 on February 2. Since then, the smallest 2000 companies have fallen as low as $167.46 amid the banking crises. My instinct tells me the banking contagion is over after U.S. bankers, late last week, urged the SEC to probe short sales of regional banks. In particular, the Bloomberg report on PACW, which triggered Thursday’s selloff, certainly appeared to be manipulation. Most traders don’t know this but when I wrote for TheStreet it was encouraged to write about fear and greed, as those got the most eyeballs. It’s scary when the biggest news outlets in the world spread fear, and it’s hard, at the moment, to know if it’s manipulation or true. Turns out the Bloomberg article on PACW was bullshit, but it didn’t feel that way Thursday. I didn’t trust the selloff Thursday and profited nicely betting on small-caps Friday morning. Alerted at $.46 and out over $1, I took home over $6,000 on that trade based on my knowledge of how the media tries to drive fear. For anyone new, this trade was bullish small-caps. We view small-caps through the IWM which is the smallest 2,000 stocks in the Russell 3,000. [Get The Alerts]( As I’ve established, Friday the markets rebounded, largely due to the realization most regionals would be okay and the Fed, who’d shared their views Wednesday, hinted tightening was over. Now I tend to focus on penny stocks. But I’ll trade an option when appropriate. This week we’ll keep an eye on the debt ceiling, however, I’m next to 100% certain this is a non issue, though trust me, the media will do their best to scare you. We should continue to watch regional banks, just to be sure the thesis above is correct. They make up a big part of the IWM and if they have bottomed, small-caps will emerge again. No doubt some sort of recession is coming but markets can go up just fine relative to what they experienced in the bear market, so that doesn’t scare me at all. For options I like TSLA to the $180’s, so Calls 4-6 weeks out make sense. I’m trading some near-dated Calls in Lightning Alerts but the theme is what matters most. I think TSLA is back above $200 very soon. Stop loss on TSLA should be $160, otherwise look for $200+ in the coming weeks. The MACD is crossing the signal line so this oversold chart pattern is definitely primed for a few big candlesticks. My money is where my mouth is, join the service if you’d like my entries and exits sent to your smartphone. I like the IWM $174-$180 Calls and keep playing this theme as much as possible. I think there’s a $5-$7 point move coming soon to take the small-cap index back into the $180’s and quickly to the upper $180’s. Historically small-caps crush in young bull markets and I don’t care what I see on the front page, we’re in a young bull market gang, and that’s a good thing. China's small-caps were very hot last week and I wouldn’t be surprised if that came back around soon. I’ll have that scanner going in the chat room daily and if they start popping, you know we’ll be all over it. Marijuana stocks have been frisky due to recent news but they are not low float meaning many are big market caps saddled with debt, so the good government news only pushes them so far. We’ll keep an eye on these but I won't get my hopes up. Bitcoin small-caps are a different conversation. I thought they might stall late last week but they held up. If bitcoin remains strong we’ll definitely look for a continuation out of MARA, RIOT, and BTBT just to name a few. With the bank crises there’s been a flight to bitcoin but I’m not so sure how that holds up if the contagion goes away. However, bitcoin should do well if the markets go up so these names have more than one catalyst going for them. On the low float side of small-caps I’m trading NBTX, GDC, NIMM right now. These are putting in wild moves so the key is to trade them small and trim and trail into breakouts. Long-term I continue to like VRAX to $1-2 and LQMT to $.15-$20. I think VERI in the middle $3’s and FUBO in the middle $1’s could double this year too. Both are optionable. PACW I feel strongly goes to $12. The Bloomberg article slammed it -50% but it bounced right back Friday nearly 100% after news came out that there was manipulation happening on regional banks with good fundamentals like PacWest. No wonder trading is hard, the media makes up nonsense and there’s no accountability for their bullshit stories. Those are my thoughts headed into Monday morning. I’ll have very concise ideas out first thing in the morning for [Lightning Alerts customers](. As always, thanks for reading. Jason Bond RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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