Hey folks, Tim here.
This is one of the biggest catalysts in the market right now, and it could grow larger this coming week:
Unfortunately, the conflict overseas between Israel and multiple countries/terrorist groups escalated last week.
On Tuesday evening, October 1, Iran shot 180 ballistic missiles into Israel. There weren’t any Israeli casualties reported, but Netanyahu vowed a response.
When questioned about the possibility of an Israeli response, President Biden said he was “discussing” it with Israeli officials.
While all of this was happening, oil prices shot higher.
Take a look at the chart of WTI Crude oil prices below:
We’ve seen conflicts overseas influence oil prices before.
And it’s not just the price of oil … Global catalysts like this can cause huge stock spikes.
For example, when Russia invaded Ukraine in February of 2022, Indonesia Energy Corporation Limited (AMEX: INDO) spiked 1,800%* over multiple days.
And last week, when Iran truck Israel, INDO spiked 100%* …
The price is still up as we approach Monday. And unfortunately, Netanyahu’s vow for a response could cause this conflict to get worse in the near future.
As traders, we have to be prepared for that reality.
Keep an eye on INDO this week. And use our Iris AI-trading bot to build positions when the biggest catalysts moving stocks.
INDO isn’t the only stock that’s running right now …
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)…
- Palantir Technologies Inc. (NYSE: PLTR)
- UP Fintech Holding Limited (NASDAQ: TIGR)
- Phoenix Motor Inc. (NASDAQ: PEV)
- Alpha Technology Group Limited (NASDAQ: ATGL)
- Forward Industries Inc. (NASDAQ: FORD)
Weekly Top Stocks List: October 6, 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!
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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Palantir Technologies Inc. (NYSE: PLTR)
This was an Iris stock from a few weeks ago.
It shot upward at the end of last week. And with the bullish jobs report from last week, this stock could likely keep trucking higher.
I’m looking for weak-open red to green moves on Monday.
UP Fintech Holding Limited (NASDAQ: TIGR)
This is a swing trade form earlier in the week, it’s a Chinese brokerage company. China is pushing TONS of money into its economy.
A lot of Chinese stocks are spiking as a direct result.
If the price breaks $13, it’s off to the races.
Phoenix Motor Inc. (NASDAQ: PEV)
This is a more speculative play, it’s a volatile penny-stocks spike from last week.
But if it can break out convincingly through $1.10 it could squeeze even higher.
Alpha Technology Group Limited (NASDAQ: ATGL)
This was one of our top short-squeeze watches last week and it turned into a beautiful spike. Right now it’s getting ready to break out again.
I like the channel of $7.50 to $7.20. Use those as levels to build support and use as risk.
Forward Industries Inc. (NASDAQ: FORD)
I’m looking for a spike past $6 with a risk of $5.70.
It’s a huge spiker from Friday and the move could continue on Monday.
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