Trump’s inauguration was on Tuesday and I think we’re now in for a good four years (at least) of fantastic trading opportunities.
The high probability setups and the hot sectors keep flooding in.
And as great as that sounds, the hardest part is knowing how to manage all those choices…
The real challenge is focus. It’s easy to feel overwhelmed when you’ve got countless stocks staring you in the face every morning.
This is where having a solid watchlist comes in. It can help you cut through the noise and zero in on the plays that fit your strategy.
If you haven’t already seen it, I send out a free 5-Stock Weekly Watchlist every Sunday to help you get ahead of the week.
And if you’re a member of my StocksToTrade Advisory service, you get even more…
More watchlists, three weekly videos, and a monthly newsletter with my top stock picks.
Today, I want to show you how the four January picks from my December STT Advisory newsletter performed. Let’s dig in.
Table of Contents
A Lookback at My January Picks
I’ve been ranting and raving about quantum computing stocks for over two months now, so it’ll come as no surprise that stocks from this sector were my top picks for January.
Rigetti Computing Inc. (NASDAQ: RGTI):
I love this stock and for good reason.
It’s a solid player that develops integrated circuits used for quantum computers. The company also created a cloud platform that allows programmers to write quantum algorithms.
It moved big at the end of December, took a break at the beginning of January, and then reemerged with a vengeance.
RGTI was a great swing trade idea. My instructions were:
- Entry Price: $12.50 per share
- Stop Loss: $12
- Target Price: high teens
RGTI 5-Day, 5-Minute Candles Chart; SteadyTrade
Earlier this week, RGTI hit its entry price and reached a high of $14.81 by yesterday for a gain of 18.48%*.
RGTI still hasn’t fallen past its stop-loss level, and I think there will be new highs before the month is over.
D-Wave Quantum Inc. (NYSE: QBTS):
D-Wave develops quantum and hybrid-quantum solutions for the research community and national laboratories.
QBTS, another swing trade, also had a great December. I knew a pullback would give us an opportunity to get in at a decent price.
My instructions for QBTS were:
- Entry Price: $8.50 per share
- Stop Loss: $8
- Target Price: $15
QBTS 5-Day, 5-Minute Candles Chart; SteadyTrade
Right at the start of the year, we were able to buy into QBTS at our entry price. Within a few days, it hit a high of $10.58 for a return of 24.47%*.
Quantum-SI Incorporated (NASDAQ: QSI):
QSI designs technologies that enable next-generation protein sequencing and that digitize proteomic research.
This stock had some big spikes in December. I knew we were in for some more action this month.
I instructed the following:
- Entry Price: $1.75 per share
- Stop Loss: $1.50
- Target Price: $2.50
QSI 5-Da, 5-Minute Candles Chart; SteadyTrade
After hitting the entry price, QSI climbed past my target and hit a high of $2.75 for a return of 57.14%*.
Unfortunately, You Can’t Win ‘Em All…
I’m still waiting on my fourth pick and swing trade candidate, Quantum Computing Inc. (NASDAQ: QUBT).
It pulled back in January and hasn’t recovered to the levels it reached during its December rally.
QUBT 1-Month, 1-Hour Candles Chart; SteadyTrade
My suggested entry price is $25 per share, and I believe this quality quantum play will get there soon.
Stay tuned…
My Final Thoughts…
We all know the opportunities are out there—you just need the tools to narrow down your options.
With my StocksToTrade Advisory service, I’m here to help you cut through the noise and focus on the setups that matter.
And once you have your list pared down, you’ll need a great trading platform to execute your strategies effectively.
It should have real-time data, charting, technical indicators, and more.
My top pick, and the one I use every day, is StocksToTrade.
It features everything mentioned above…PLUS, right now, you can get two weeks of both the STT platform and our Breaking News Chat service for $17.
Grab your 14-day StocksToTrade + Breaking News Chat trial today for only $17!
Have a great weekend, everyone. See you back here on Monday.
Tim Bohen
Lead Trainer, StocksToTrade