The Consumer Price Index numbers came out yesterday and sucked the volume out of the overall market…
But the markets still managed to climb higher.
I always say on my webinars that we don’t talk politics. But ultimately, politics bleeds into trading…
And in my opinion, these economic numbers have always been rigged.
The more they rig these numbers, the more the market’s gonna continue to grind higher.
And that just prolongs a market crash later and makes it worse…
But our approach as day traders is: We’ll ride the market up, and we’ll ride it down, baby!
How can you do that when macro news like the CPI numbers hit the market? Let me show you…
The #1 Way To Spot Winning Trades When Macro News Hits
Like the CPI numbers, I think Axcella Health Inc. (NASDAQ: AXLA) is totally and completely disconnected from reality…
But every time a penny stock runs, it’s disconnected from reality.
Ninety percent of the time, these stocks are flying on hype, emotion, and short squeezes…
That’s why I don’t like to say a stock is ever up too much.
They can always go higher given the right circumstances. And AXLA was still full of short sellers yesterday.
This means it still had the potential to go higher — even on a quiet morning while traders digested new CPI numbers.
And the best way to spot stocks with the potential to explode no matter what the market is doing is by using Oracle.
AXLA was on Oracle yesterday morning with a signal price of $1.39.
You could’ve recognized it as a stock with potential because it’s one of the biggest and best multi-day runners we’ve seen recently.
So you know shorts are being aggressive…
AXLA hit Oracle’s signal shortly after the market open. The first break of that key level wasn’t ideal since it pulled back and made a new daily low.
But if you took the patient approach and waited a few minutes after the market opened…
Or if you weren’t afraid to get back in after cutting a loss…
AXLA ended up having a spike up to $1.65 for an almost 20% move.
AXLA chart: 1-day, 1-minute candle — courtesy of StocksToTrade.com
And if you followed Oracle support and resistance levels, you could’ve been out of your trade near the top of the move at $1.57.
I’ve been writing a lot about how important Oracle is to helping you find your best potential trades…
And I’ve shown a lot of examples of winning Oracle plays.
But why don’t you see them for yourself in person?
My team and I go live multiple times a day to go over the hottest stocks of the day, review how past runners performed, and plan for the next one. We also show you Oracle and how it works!
We’re here to do whatever it takes to help you become the best trader you can be.
But you have to put in some work…
It could be how you get 1% better today.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade