Wednesday's small-cap watchlist

NITO, SANA, LASE, CXAI, and FUBO

Good morning,

Most of what’s discussed in the Jason Bond Picks newsletter is about swing trading. This is because I lean on the hot stock scanner in the Black Label Trades chat room to find news and momentum as it hits. Let’s have a look at some setups I’m watching.

Today I like NITO above $1.37 with range to $2-$2.50. This is pure momentum Fibonacci retracement and my favorite idea this morning.

SANA is a news winner and if it retraces into the gap some today, maybe near $4.50’s, I could see it reversing higher with $6-$7 as the range here.

Also watching LASE, CXAI, and FUBO for trades.

As we get going with part II of my case study (more on that below) you should expect a nightly newsletter and morning newsletter.

Overnight I’m in MLGO at $2.62 and SAG at $3. Both are recently oversold so fishhooks from the video lesson library. No doubt some short interest on MLGO, so if it crosses $3 there’s range to $4-$5. For SAG, it’s a recent IPO at $8 with range to $4-$5 as well.

IWM or the small-cap index is chopping around to start 2025 because bonds are crashing which has an inverse relationship on yields. With the 10-year yield going up small companies have to pay more to service their debt and are therefore less profitable. Ideally inflation continues to come down in 2025 and with it interest rates. This is particularly important for the bigger small-caps I track so market caps of $300M - $2B.

This service is my main focus now as the bull market gets going.

I’ll be looking to move quickly on trades in the chat room using the news scanner. This will be in Black Label Trades — which you may already have or need to upgrade to if interested in more aggressive momentum trading.

Trade management tips. I start each trade as a day trade. I then decide if I want to swing it or not. But what I do not do is hold these stocks longer than a swing which is by definition 1-4 days. I bring this up because you will see me move very quickly on these stocks. If they work, great, I’m taking profit, if they do not work, that’s okay, I’ll find one that does. It’s important that members looking to trade momentum small-caps in JBP make trade plans — you know what mine is as a general framework. More on that below.

Reminder — I’m currently in part II of my II part case study:

  • Part I was where I learned and demonstrated how to turn $2,000 into a day trading balance of $25,000 in the $2,000 Small Account Journey service.

  • Part II is where I try to scale that to over a million with both Journey options trades and Jason Bond Picks small-cap trades. My goal is to create a blueprint on getting to $5,000 realized profit a day. Nothing is guaranteed here but like when I started Journey in 2023, I’m excited for the challenge.

You can find the open and closed day and swing trades in the journal. My focus is day trading first and then deciding later if it’ll be a swing or not.

The goal is to scale the size to $30,000-$50,000 positions as my balance in grows up from $33,000 on October 14, 2024 and reflects all of my trading. I plan to post my monthly statements.

I’ll be looking for more inflection point trades that are most likely to squeeze on extraordinary volume. Usually that’s oversold stocks or Fibonacci patterns. Often you will see my swing these stocks, but again, only after I’ve attempted to catch the squeeze on a day trade first. These are usually recent or active news winners so the liquidity is high.

The goal for all trades is 10-30% within the identified range and a stop loss of 10% or less. Trim and trail always starts at 5%+ and is a good way to let winners ride. Then I just need to win more than I lose and the numbers should add up.

All Fibonacci lessons and momentum stock trading education is in the dashboard under Jason Bond Picks. I recorded it a decade ago and it’s still relevant today.

Eat. Sleep. & Trade!

Jason Bond

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