There are so many stocks to choose from when the market’s hot like it is now…
It’s almost overwhelming — especially if you’re new and don’t know the difference between a top trade candidate or a stock destined for failure.
If that’s you…have no fears because I’m going to cover how you can find the best setups.
But before I do, I have to tell you that AI is changing the game when it comes to finding trades, developing plans, and potentially making profits in the shortest, quickest possible way.
Make sure you join this LIVE AI training today to get all the details.
Now, let’s talk about some other tools you can use to help you spot potential winners too.
They can even show you stocks that might not even be on your radar.
And why you should care about them.
These are two of those tools and the extra benefits you can get from using them…
Two Ways to Find a 200%+ Gainer Like SSNT
SilverSun Technologies, Inc. (NASDAQ: SSNT) was a huge gainer in premarket. It was moving on news of a new investment in the company.
At first, I didn’t like it much — I said to wait until the afternoon since it gave back a lot of its initial move in premarket.
But as we got closer to the market open, it started to claw its way back.
It’s a low float stock and it reclaimed VWAP. So I said I liked it as an Oracle play…
Oracle
Oracle is our powerful algorithm that provides a list of stocks every morning with the potential to explode.
Then a few minutes after the market opens, it populates potential entry and exit points based on the premarket price action and the range of the stock in the first few minutes of trading.
SSNT was on its radar yesterday. And after the open, it gave an entry signal at $8.38.
If you have Oracle, you can see the top stocks to watch in premarket and then know which level to use as an entry right after the market opens.
From there, you can use the Oracle support and resistance indicator to show you the resistance levels to plan your trade.
SSNT chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
High Low Ticker
SSNT’s big gap-up also made the stock hit new 52-week highs.
Even though the market opened red and went lower at the open — four stocks still made new 52-week highs. And you can see them all on StocksToTrade’s high-low ticker…
The high-low ticker is one of our built-in scans. It shows an overall view of market sentiment at the top…
The three bars show how many stocks in different price ranges are making new highs or lows.
The top bar is high-priced stocks, the middle is mid-priced, and the bottom one is low-priced stocks.
The green column on the right shows a list of stocks making new daily highs. The red column on the left shows stocks that are making new daily lows.
This gives you a great look at stocks on an intraday level. So it’s great for day trading.
Beside the ticker, you see the latest high or low price of the stock. The number in the count column shows you the number of times the stock made a new high that day.
The stocks highlighted in orange are stocks making a new 52-week high on the green side or a 52-week low on the red side.
I took this screenshot yesterday morning which shows most stocks making new daily lows in the top bars…
But Affirm Holdings, Inc. (NASDAQ: AFRM), Spotify Technology S.A. (NYSE: SPOT), and Royal Caribbean Cruises Ltd. (NYSE: RCL) were all making new yearly highs along with SSNT.
By the afternoon, SSNT had pulled back. And the market started to bounce.
So the high-low ticker looked a little different a few hours later.
Can you see how this is a great tool to keep you up to date with the overall market sentiment and which stocks to focus on?
It’s one of my favorite scans that I don’t talk about enough.
You can try it as part of a StocksToTrade trial here.
If you’re looking for a little more guidance in your trading, sign up for a free training session.
We’ll show you some of the hottest stocks and setups on our radar.
And how Oracle can help you find them.
It’s the ultimate trading experience — sign up for our next session here.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade