Hey everyone, it’s time to get excited again…
First off, on Friday the market made some progress, recovering from the downturn.
We’re definitely not out of the woods yet, and I can’t guarantee things won’t reverse this week, but Friday was a good step in the right direction.
Second, we have a hot sector making a resurgence…
And I hope I don’t disappoint, but this is not a new sector for most of you.
Quantum computing stocks are tearing it up again!
Of course, I knew this would happen.
And these aren’t one-and-dones either. These names first emerged in the fall, and they keep coming back, time after time…about six times at this point, I think, but I’ve lost count.
What set off the latest run?
On Wednesday, D-Wave Quantum Inc. (NYSE: QBTS) announced a major breakthrough:
…its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery.
D-Wave PR Image; Dwavequantum.com
Here’s how the stock reacted to the news…
QBTS 3-Day, 5-Minute Candle Chart; SteadyTrade
But that wasn’t the only quantum stock that benefitted…
What I really like about this sector is that it offers something for every kind of trader…
We’ve got day-tradeable penny stocks, mid-priced swing trades, and longer-term holds like Intel Corp (NASDAQ: INTC) and NVIDIA Corp (NASDAQ: NVDA).
I have an entire watchlist of quantum names that meet each of those criteria and I’ve shared with my StocksToTrade Advisory members.
Here are a few examples that are riding the latest quantum computing wave.
A great penny stock day trade is Quantum-Si Incorporated (NASDAQ: QSI):
QSI Intraday, 1-Minute Candles Chart; SteadyTrade
Quantum Computing Inc. (NASDAQ: QUBT) was a penny that Oracle nailed on Friday:
QUBT Intraday, 1-Minute Candles Chart; SteadyTrade
A swing trade that also showed up in Oracle’s crosshairs is Rigetti Computing Inc. (NASDAQ: RGTI):
RGTI Intraday, 1-Minute Candles Chart; SteadyTrade
And another swing trade stock on the move is IonQ Inc. (NYSE: IONQ):
IONQ Intraday, 1-Minute Candles Chart; SteadyTrade
And by the way, Oracle wasn’t the only algo system that caught some of these names…
My brand new algorithmic tool also flagged several. It’s similar to Oracle but optimized for smoother moving, overnight trades.
The tool is new, but the win rate has been spectacular so far…
And my year of backtesting showed similar results.
I love this system, and you will too.
To see exactly how it works, tune into my FREE live webinar this Thursday, March 20th, at Noon ET.
My Final Thoughts…
Look, quantum computing is not some far-off fantasy—it’s happening right now.
These companies demonstrate that over and over again with their latest innovations. D-Wave happens to be the latest one, but there are many more to come.
And big money is moving in, governments are funding research, and tech giants are pouring resources into making it a reality.
This is just the beginning …
Don’t wait…get in and capitalize on this technological revolution right now.
For access to all the quantum names I’m watching, subscribe to my StocksToTrade Advisory service.
You’ll get a monthly newsletter with a list of my top picks, three weekly videos with my current watchlists, bonus reports, and more.
Sign up for StocksToTrade Advisory right here!
Have a great day, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade