Hey folks, Tim here.
I’m always looking for the next swing trade setup in the market.
Especially during this 2024 insanity.
Every single week it seems there’s a new catalyst that’s pushing mid-cap stocks higher.
Don’t worry, I’ve got some penny-stock runners on this week’s watchlist too.
But to scratch my swing-trading itch real quick, let’s look at some mid-cap stocks that offered great profit opportunities last week. This momentum could continue.
The biggest catalyst in the swing trading market last week came from China.
The Chinese economy is not doing well. Between:
- Low employment among young adults.
- A full-blown real estate crisis.
- Western businesses pulling out of Chinese markets.
It’s not looking good.
And as a result, the Chinese Communist Party is pulling out all the stops to buoy the economy.
Last week we learned the government vowed “necessary spending” to meet the country’s GDP growth targets. Already last week we saw the country push $140 billion into its financial system, among other efforts.
Some economists aren’t convinced it’s enough … But in the short term, Chinese stocks are soaring higher. And that’s what I’m most interested in!
Take a look at KraneShares CSI China Internet ETF (NYSE: KWEB). It soared past 52-week highs last week for a 20% spike.
Every candle represents one trading day.
Here’s a chart of JD.com Inc. (NASDAQ: JD) making a similar move. The spike measured 30% last week:
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5 Stock Watchlist:
This volatility will start again on Monday! I’ve got a 5-stock watchlist to ensure you’re prepared for the runners that are still in play.
We meet every morning LIVE during premarket to scope out the next most volatile setups.
Here’s the link for our Pre-Market Prep sessions every day this week. It’s where we track the hottest stocks for upcoming trade opportunities every morning.
But for all of your swing-trading needs … This is the watchlist for the whole week!
Here’s what I’m watching this week (see my video and details below)…
- Alpha Technology Group Limited (NASDAQ: ATGL)
- Uxin Limited (NASDAQ: UXIN)
- Onconetix Inc. (NASDAQ: ONCO)
- Zhongchao Inc. (NASDAQ: ZCMD)
- Juniper Networks Inc. (NYSE: JNPR)
Weekly Top Stocks List: September 29, 2024
Remember: This watchlist is in no way a recommendation to buy. Traders should always do their own research and make their own decisions.
Here’s what I’m watching based on my StocksToTrade scans. Study and learn from them all!
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This is the link for our AI Iris swing-trade bot that I mention in the watchlist.
I use IRIS for all my swing trade ideas. It was programmed to look for stocks using the same process I use. Now it does the work for me. Get IRIS, punch in your ticker, and get a full report and trade plan in a few minutes!
Speed up your swing trade-picking process with our IRIS AI analyzer here.
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Alpha Technology Group Limited (NASDAQ: ATGL)
This stock spiked 210%* last week and pushed right to the highs on Friday during after hours.
I think somebody’s got something planned for ATGL on Monday …
Look for pushes through $4.76!
Uxin Limited (NASDAQ: UXIN)
Heavily shorted Chinese penny stock.
These Chinese penny stocks are HIGHLY dubious. And the penny stocks are DAY TRADE ONLY.
Look for it to bust out of consolidation around the $5.70s.
Onconetix Inc. (NASDAQ: ONCO)
The chart is consolidating into the close on Friday.
Look for breaks of $6.50.
Zhongchao Inc. (NASDAQ: ZCMD)
Another dubious Chinese penny stock. There was a HUGE squeeze in after hours on Friday.
If it can break the $2.30s we’ve got good risk in the $2.15s.
Juniper Networks Inc. (NYSE: JNPR)
This is Iris’s favorite swing trade stock!
Use Iris, our AI swing-trading bot, to build smart positions on the hottest REAL stocks.
I’m looking for a weak open red to green move on Monday morning.
StocksToTrade
How do I go about finding these watchlist picks?
I use StocksToTrade scans, of course. With awesome charting software and built-in scans, STT has everything traders need to help narrow down the thousands of stocks out there into a manageable watchlist.
See for yourself! Try StocksToTrade today!
Or get a 14-day trial of StocksToTrade with the Breaking News Chat add-on for just $17.
Learn Something from Every Pick
A watchlist isn’t a ‘must trade’ list. It’s a learning tool that can help improve traders’ knowledge of the stock market.
Every trading decision should be your own. Always do your own research, run your own scans, and keep an eye on the market.
This watchlist is NOT a recommendation to buy. This is for educational purposes only — watch, learn, and use it to help you improve every day!
*Past performance does not indicate future results