Small-cap scanning concepts

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Good morning,

scanz update

I’ve gone ahead and canceled my membership with scanz. As many of you know these scanners can be expensive and we should only have them if we can directly tie their use back to profitability. I don’t think scanz helps me be profitable.

dilution tracker update

I also canceled my recurring billing over at Dilution Tracker. It definitely does what it says it does but if I’m not short selling these small-caps, I don’t find it to be useful. If I ever decide to trade out of my Centerpoint account, and short small-caps, I do see how this could improve probability.

finviz elite update

I’ll use my premium subscription at finviz ELITE for this. Right now the scanner sorts by market cap so under $2 billion and price under $10. Then I like to filter for oversold 0-30 RSI and ‘change from open’ for stronger breakouts, like bull flags and fibonacci retacements.

trading view update

I did grab a subscription at TradingView because I like their charts and setup better than thinkorswim, which I’d been using. Still doing all my trading for JBP and SAJ out of TD, but no longer using thinkorswim. Too many bells and whistles there, I’m looking for something simpler.

what’s next?

So how do I find hot small-caps going forward. The old school way, scanning through charts looking for bullish setups with volume BEFORE they become the hot stocks we see on these scanners. That’s how I built Jason Bond Picks from 2011 - 2021 and that’s what I’m going back to as we get ready for the $50,000 challenge in which I’ll try to go for $1,000,000 solely trading small-caps. No guarantees I’ll hit it but if you look at the old online journal in the dashboard from many of those years, it gives you a sense of how I’ll approach all this. I’ll record a video lesson showing you how to scan for these setups too, if you choose to fish on your own. Or just use my list day to day.

I’ll fill in the dashboard content today and share with you my game plan for content delivery, like I did earlier in the week with SAJ.

trade updates

Excellent trades on UVXY put options once again. Wish there were more stocks in the market like UVXY that were guaranteed to go down over time. I got out of my puts too early, as they went up around 100% later in the day, but wins are wins. No new trades on UVXY as there’s no longer any meat on the bone now that fear has subsided.

Headed into Tuesday I’m long LQMT looking for $.10+ in the near term noting the CEO recently bought about a million shares at these prices and followed up with sharing a pipeline of catalyst at the recent conference call. If we start hearing about those, I think the stock pops for a nice win. Here’s how I see it playing out soon. No guarantees but the trend has been pretty good here of late.

VERI is a stock I plan to buy today. I’m looking for a $3.50’s entry. It had nice momentum until the IWM crapped its pants recently.

Speaking of the IWM, I like how it’s trying to regain the 10-day EMA but make no mistake, interest rates are playing a big role in small-caps and Friday’s PCE could make or break the trend for a month or so.

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Eat, sleep & trade,

Jason Bond

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