Artificial intelligence (AI) is the most exciting technological advancement since the internet.
Just look at stocks like NVIDIA Corporation (NASDAQ: NVDA), Arm Holdings plc (NASDAQ: ARM), Palantir Technologies Inc. (NYSE: PLTR) that skyrocketed after earnings and conference calls that mention AI…
NVDA is up 144% since it first mentioned AI in its earnings call last May.
ARM was up as much as 112% in the last week since announcing earnings.
PLTR climbed as much as 52% since announcing earnings and strong AI demand on February 5.
So you can busy yourself looking for the next big AI stock to run and try to catch some of the momentum…
But you’ve missed a big chunk of those moves. And when the AI hype is gone, the stock moves will slow down.
So the smarter thing to do is learn how to start leveraging AI technology in your trading…
Use it to help you find trade ideas, make smarter trading plans, and give you risk profiles — for stocks in any sector, not just one.
It’s already possible!
You can start with the latest pick and trade idea from our IRIS AI swing trade analyzer…
The Latest AI Stock Pick
Our IRIS AI swing trade analyzer scans the market every day to look for stocks that fit the criteria I programmed it to look for.
And every day it sends out a watchlist with stocks that meet some or all of the criteria, and then it gives the stock a score between 1-10.
The email watchlist includes a stock list with a link that takes you to the IRIS AI analyzer.
It looks like this:
Once you click the link, IRIS auto-generates a report and trade plan for the stock.
So what’s the latest pick I’m watching?
My Top Pick From Monday’s Email
CleanSpark, Inc. (NASDAQ: CLSK) was on IRIS’s watchlist sent out Monday after hours.
You might remember that I also wrote about CLSK on Monday morning since it’s an earnings winner … And I said to watch for a weak open red-to-green move as a potential entry.
Well, CLSK opened green that morning and spiked, so you might’ve missed the move…
But if you had IRIS, you were given a second chance to enter without chasing.
IRIS gave CLSK a score of 7.8 out of 10 and a proposed entry at $14.
And the next morning, CLSK gapped down and found support right at IRIS’s entry signal just before the market opened…
CLSK chart: 5-day, 2-minute candle — courtesy of StocksToTrade.com
But a trading plan is about much more than just an entry…
That’s why IRIS gives you a full trade plan, including the number of shares to buy (based on a $10,000 account), a risk level, and a goal.
It even gives you the risk-to-reward ratio so you can decide whether you want to take the trade…
Pretty impressive, right?
That’s why I love it so much.
But don’t worry if you don’t have IRIS and missed that entry on the pullback…
I have another trade idea for you.
Look at the five-day CLSK chart I shared above … You can see that it topped out at the same level the last two days…
So now it’s setting up for a potential multi-day breakout over $16.45.
Learn how to trade breakouts better here.
Now that I’ve given you the trade idea and potential entry, it’s up to you to pick an acceptable risk level and goals for your trade.
If you want help to find swing trades and make trade plans — get IRIS today!
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade