It has recently come to my attention that some readers think I’ve been too negative. Grumpy, even. The truth is, I’m giddy…
Wall Street’s greed just hand normal people
An opportunity that could make certain traders MUCH wealthier
This market is giving us incredible setups every day. It’s the way the market moves. You get one theme, and all of a sudden we’re off.
Here’s the Daily Accelerator agenda for today:
- The Big Picture: I don’t trade true pennies, but we’ve seen so many the past couple of days that it’s important you understand why.
- Watchlist: A true penny to watch. Sketchy, low-float, and an absolute banger.
- On My Radar: Who even wants to retire? I’m having too much fun. Plus: The AI future imagined, and where we are now. Buckle up.
The Big Picture
I am absolutely giddy at all the potential trades every day. And for those of you who like trading true penny stocks, the past two days have been incredible.
Remember, this is the way the market moves. You get one theme stock and all of a sudden, a bunch of stocks follow.
Recently we’ve seen oil stocks, space stocks, and low-float biotechs. This week, it’s been true pennies. And that’s on top of everything else.
It almost doesn’t matter what kinds of stocks you prefer. Or even the setup. There have been opportunities throughout the day. Every day.
Now, if you’re new to trading, you can’t possibly trade everything. And depending on your broker, you might not be able to trade the true pennies. It is worth asking if they’re not listed on your trading platform. We’ve been alerting true pennies across all my services. That includes…
- Daily Market Profits Alert: Huachen AI Parking Management Technology Holding Co. Lt. (NASDAQ: HCAI) Whew! What a mouthful
- Premarket Prep: Silo Pharma Inc. (NASDAQ: $SILO)
- Oracle Alert: Cue Biopharma Inc. (NASDAQ: $CUE)
- Morning Income Algo Alert: Cuprina Holdings (Cayman) Limited (NASDAQ: $CUPR)
These are NOT stocks to add to your long-term portfolio. But they are true pennies that started running after XIAO-I Corporation (NASDAQ: AIXI). That was the start, the theme play on Monday.
My Take
Again, true pennies aren’t my vibe. I don’t really like trading them. But it’s a great sign when these things start to run. It means more money and more speculative traders are coming into the markets. And that creates opportunities for you and me.
Watchlist
Let’s look at the one that started the true penny run…
Source, StocksToTrade, AIXI, 2-day 1-min, Oracle, VWAP, true penny theme play
AIXI is a low-float, sketchy Chinese stock. As recently as last Thursday (April 2) it was trading at around 8 cents. This week it opened at 27 cents a share and got into the $.80s. Yesterday, it was a perfect dollar cross and hit a high of $2.71.
That is a huge amount of upside and opportunity. Now, I’m not saying this will go any further. But this is the one that kicked off the theme so put it on your watchlist.
On My Radar
- 85 is the new 65? All the more reason to trade for a living.
- OpenAI: Tax the robots, create a public wealth fund, and give everyone 3-day weekends for life. As long as they keep the markets open, right?
- Meanwhile, it turns out that AI is incredible at pattern recognition, but still not great at what humans do best. You know I’m all-in on AI.
Have a great day.