Jason Bond Picks (Member)
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Day trades versus swing trades?

Day trades versus swing trades?

What I'm seeing lately

Jason Bond
November 16, 2023

Good morning,

Huge move on the IWM this week so now we’ll look to see where the higher low is after Wednesday’s rejection of a strong close. In general we want to see the 10-day EMA act as support as the penny stock index consolidates.

Nice 14%+ move higher in LQMT Wednesday on the pinion gear prototype catalyst. Speculation of a production ramp announcement could trigger an uptrend. Shares broke the 10-day EAM easily Wednesday and there’s very little resistance between here and $.06 - $.07 on the level II and daily chart. I want to see the price above that 10-day EMA from here. I have a big long-term position here that as a general rule, add / subtract from without notice. Lately I’ve been nibbling (buying) into the dip. I’d like to exit my core position if / when a big catalyst eventually lands.

CHAT ROOM

I’m not having a lot of luck with the high flying momentum stocks lately and to be honest that’s not my favorite way to trade. So let’s get that master watchlist in the dashboard and start attacking these swings.

I’m building out the master swing trade watchlist and will publish that today. It’ll be 50 penny stocks I like into the Santa Rally and January Effect.

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