Wow. It’s already time for my prime penny stocks to observe September 2019 edition.
Earlier than I get to this month’s watchlist, I need to cowl an important concept. I see a lot of people making an attempt to drive trades when there are not any great setups…
You don’t need to trade day by day. Study to be affected person and await the large % gainers.
Whenever you pressure trades, it’s too straightforward to lose confidence, waste time, and lose money. So when there aren’t any good setups, use the time to review the previous. When you belief me on this, it can save you your self lots of frustration.
Also, when the 2 largest world economies are preventing one another in a commerce struggle, you never know what’s gonna occur. One tweet might change every thing. More on that within the “Broader Market” section under.
- 1 How you can Create a Penny Inventory Watchlist
- 2 The Broader Market
- 3 Recap: August 2019 Prime Penny Shares to Watch
- 4 Prime Penny Stocks to Watch September 2019
How you can Create a Penny Inventory Watchlist
Write this down on a sticky notice and put it subsequent to your monitor: give attention to massive % gainers. That’s where I all the time start. Use StocksToTrade. I exploit it day-after-day and advocate that everyone use it, together with you. The built-in scans are designed to seek out exactly the sort of stocks I wish to commerce.
After I find the large % gainers, I verify trading volume, search for a information catalyst, and all the time verify a longer-term chart. No less than a one-year chart, but relying on the inventory, I’d look further again.
© 2018 Millionaire Media, LLC
The right way to Use My Prime Penny Stocks to Watch Lists
Under are some key factors about using these lists. My objective is so that you can grow to be self-sufficient. The sooner you study to create your personal watchlist, the better. Even in case you’re not buying and selling but.
- Use my record as a guide and NOT as a suggestion to trade.
- Develop the talents to grow to be a self-sufficient trader. It takes time. The only shortcut I may give you is … research your ass off.
- NEVER comply with my alerts to enter or exit a commerce. Use them only to study my thought process.
- Penny stocks can, and typically do, transfer quick. While this creates alternative, it also creates danger.
- Study the patterns I train however all the time be prepared to adapt to altering markets.
- Be a part of the Buying and selling Problem for my day by day watchlist.
- Do your personal research. Try to perceive why I’ve put a inventory on this watchlist.
[Disclosure: Some of the stocks mentioned below have been traded or otherwise discussed by Tim Sykes as part of his daily watchlist provided to Trading Challenge, TimAlerts, Pennystocking Silver, and Millionaire Masters Program subscribers. Tim Sykes may or may not hold open positions on these stocks at any given time. This list is not a recommendation to buy or sell any stock. Do your due diligence. Full earnings claim disclosure here.]
© 2018 Millionaire Media, LLC
The Broader Market
It kills me that we’re on this market the place, frankly, you just need to be so careful. With one tweet from our president, one article, or one new piece of stories relating to the U.S.-China trade conflict, the general market can go up or down 1%, 2%, three%, and even four%.
Inverted Yield Curve a Sign of Recession?
On August 14, the yield on 10-year U.S. Treasuries fell under the two-year yield. When long-term yields fall under short-term yields, it’s referred to as an inverted yield curve. It’s thought-about an indication of potential recession in the close to future. An inverted yield curve preceded every of the final seven U.S. recessions.
© 2018 Millionaire Media, LLC
Federal Reserve Economic Symposium 2019
All eyes have been on the annual Federal Reserve assembly in Jackson Hole, Wyoming, August 22–24. On August 23, Federal Reserve chair Jerome Powell made his first public comments because the Fed’s fee reduce on July 31.
Powell’s feedback on August 23 signaled the Fed’s intention to offer stimulus if crucial. Any action can be based mostly on their present framework — using unemployment and real curiosity as a guide for financial coverage.
In his speech, Powell stated, “Fitting commerce coverage uncertainty into this framework is a brand new problem. Setting trade coverage is the business of Congress and the Administration, not the Fed. Our task is to make use of monetary coverage to foster our statutory objectives.”
Commerce Struggle Replace
On August 23, China announced plans to impose tariffs on a further $75 billion value of U.S. products in retaliation for U.S. tariffs on $300 billion of Chinese language goods.
The brand new round of Chinese tariffs goes into effect in two phases matching the dates of latest U.S. tariffs. The primary part of latest tariffs went into impact on September 1. The second part goes into effect on September 15. Also, on December 15, China will reinstate 25% tariffs on U.S. cars.
© 2018 Millionaire Media, LLC
The Twitter Uncertainty Issue
President Trump then went on a tweet tirade with remarks concerning the Fed chair Powell and Chairman Xi Jinping of China.
Things really heated up after a multi-tweet rant concerning the trade conflict. The gist of the tweets? ‘We’re the U.S. We don’t want China, and we’d be higher off with out them.’
That’s not precisely true from an financial standpoint … He also ordered American corporations to start out in search of an alternative choice to China.
As you’ll be able to think about, the markets reacted negatively. Take a look at the chart under. It’s not troublesome to identify the place President Trump’s tweets happened…
SPY: SPDR S&P 500 ETF Belief August 23 — courtesy of StocksToTrade.com
The problem with the present state of affairs — world leaders utilizing Twitter and the commerce struggle with China — is it will possibly cause lots of danger. There are totally different mindsets … Some say it’s good, others say it’s dangerous. However no one can debate that it’s very dangerous.
I feel this is just a type of occasions when it is advisable be particularly careful within the markets. Typically you simply need to say, “You understand what? I don’t need any trades proper now. I don’t want the danger, frustration, or guessing video games … It’s just not value it.”
Keep in mind, typically the perfect trade is not any trade.
Now for some penny stocks…
Every month I give a quick recap of my prime penny stocks to observe from the earlier month. This is what happened with stocks on the August watch record…
- Discovery Gold Corp (OTCPK: DCGD) ran 40.6% between August 1 and August eight when it reached a excessive of 92 cents a share. The inventory then dropped as low as 34 cents a share earlier than grinding again up. On the time of writing, it’s buying and selling in the mid-80 cent vary. DCGD continues to be on my watchlist, but I have to see huge quantity, excellent news, and/or higher worth action earlier than I contemplate buying and selling it.
- Northern Dynasty Minerals Ltd. (AMEX: NAK) took advantage of its huge spike on EPA information by finishing a shelf providing. The company raised roughly $11.5 million in the cope with a plan to make use of the cash for operating bills. Shares dropped close to the offering worth of 75 cents per share, and it continues to commerce in the mid-60 cent vary.
- Analysis Frontiers Included (NASDAQ: REFR) continued its upward development on news of an enormous contract with Brazilian armored automotive clothes shop SER Company. The inventory hit a 52-week high of $5.38 per share on August 19. At the finish of August it was consolidating in the mid $4s.
- Veritas Farms, Inc. (OTCQB: VFRM) is buying and selling within the low $1.30s after reaching a high of $2.29 on August 5. Constructive earnings reported on August 15 stored the inventory trading sideways a lot of the month. It hit a month low of $1.05 on August 27 before bouncing again to the $1.30s. It seems prefer it’s in a consolidation part.
- Valuesetters, Inc. (OTCPK: VSTR) managed to hold most of its features from the early August spike. As I stated in final month’s update, this one is ultra-low worth. It might take large volume and news for a potential commerce.
Listed here are a number of of the stocks I’m watching now…
© 2018 Millionaire Media, LLC
Prime Penny Stocks to Watch September 2019
I discover it unimaginable that so many individuals hate penny stocks. Even with all of the uncertainty surrounding the trade conflict, our often-hated area of interest can produce a few of the greatest plays in all the market for merchants like me.
Paradoxically, on the same day as Chinese language tariff bulletins and President Trump’s Twitter rant, among the best stocks in all the market was a Chinese language inventory…
Fuwei Films (Holdings) Co. (NASDAQ: FFHL)
Fuwei Movies Co. is a Chinese producer and distributor of BoPET film. The company’s products are used in quite a lot of industries together with electrical, imaging, and consumer-based packaging.
FFHL spiked 194% in someday on constructive second-quarter earnings.
Take a look at the one-year FFHL chart:
FFHL 1-year chart — courtesy of StocksToTrade.com
FFHL is a low float stock. On August 23 — the day of its preliminary spike — the float rotated over seven occasions. Lately, some earnings winners are multi-day runners, so I’m watching this as a possible purchase. If it gets overextended, I gained’t chase. But I’ll search for a possible dip buy into an enormous morning panic.
Arcadia Biosciences, Inc. (NASDAQ: RKDA)
Arcadia Biosciences, Inc., develops ‘health and vitamin ingredient traits’ for elevated agricultural productivity. Some examples of the ag science they’re creating are water-use efficiency, drought tolerance, nitrogen-use effectivity, and so on.
RKDA spiked premarket on August 9 after its subsidiary Verdaca acquired USDA approval for a drought-tolerant soybean. Then, in a newbie-crushing brief squeeze, the inventory continued to run — reaching $8.85 after hours on August 13.
Just as it seemed the shorts finally received their means on August 14, Arcadia introduced constructive earnings and the inventory not solely held however hit a new multi-month high.
Take a look at the RKDA one-year chart:
RKDA 1-year chart — courtesy of StocksToTrade.com
On August 26, Arcadia spiked again on news of an exclusivity cope with Arista Cereal Technologies and Bay State Milling Company in key wheat markets, including the U.S.
Arcadia announced a management-succession plan and filed a new prospectus with the SEC on August 28.
RKDA seems to be consolidating within the mid to high $7s so my fundamental focus is potential dip-buys, preferably into an enormous morning panic.
Workhorse Group Inc. (NASDAQ: WKHS)
Workhorse Group develops and manufactures high-spec electrical automobiles for business use.
Back in Might, WKHS spiked on a tweet from President Trump saying ‘nice news for Ohio’ as the corporate negotiated the acquisition of GM’s Lordstown, Ohio plant. The deal, which on the time was solely within the negotiation levels, was far from a positive thing.
The deal nonetheless isn’t last. GM spokesman Jim Cain says a seek for financing gained’t begin until the completion of due diligence. Additionally, it seems Workhorse is about to be an investor within the new plant quite than the proprietor. They might then license know-how to the brand new enterprise run by Workhorse’s founder and former CEO.
WKHS has seen a number of multi-day runs since Might. The newest got here after an announcement to start production of 1,100 NGEN electrical step vans within the fourth quarter of 2019. A lot of the manufacturing run is a part of a deal lately inked with United Parcel Service (NYSE: UPS).
Here’s the one-year WKHS chart:
WKHS 1-year chart — courtesy of StocksToTrade.com
WKHS is simply a possible purchase for me on huge quantity and good news. Nevertheless it’s value watching because of the current market setting. Our president’s ‘America first’ sentiment and the transfer toward electric automobiles might hold WKHS on the radar for some time. Hold an eye fixed out for tweets…
Vivus, Inc. (NASDAQ: VVUS)
Vivus, Inc., is a U.S.-based biopharmaceutical company that develops ‘next-generation therapies to deal with unmet medical wants in human health.’ The corporate has several business merchandise available on the market, together with QsymiaⓇ — a weight-management drug used at the side of different therapies.
VVUS has a historical past of multi-day runs. Lately, the inventory spiked on constructive information from a pilot research combining QsymiaⓇ with gastric sleeve surgical procedure.
Here’s the two-year VVUS chart:
VVUS 2-year chart — courtesy of StocksToTrade.com
I traded VVUS for a pleasant achieve on August 20, the day of its current spike. You possibly can read more about that trade on this current version of the Millionaire Mentor Update. As you possibly can see from the chart above, that was additionally the stock’s highest buying and selling volume in over a yr. So to trade VVUS again, I’d ideally wish to see huge volume and/or information.
Now, for the final of our prime penny stocks to observe in September 2019…
Pure Shrimp Included (OTCQB: SHMP)
Natural Shrimp is an indoor gourmand shrimp-farming company. In February, the stock went full supernova after this information touting eco-friendly methods.
SHMP was the most well liked inventory out there for several days. I traded it three or four occasions through the run, together with my largest dollar winner of 2019 on February 12. That morning panic dip buy was value more than $4K to my account.*[My results are not typical. I’ve studied and traded for years to develop exceptional skills. Trading is risky. Never risk more than you’re willing to lose.]
The supernova was a close to 900% spike in seven buying and selling days! Gotta love penny stocks…
This one-year SHMP chart exhibits the complete image:
SHMP 1-year chart — courtesy of StocksToTrade.com
Just lately, SHMP spiked on information of an $11 million equity line of credit and release of an organization video. While the inventory’s been teasing massive potential strikes, it possible wants more quantity and information to actually spike. Watch it intently!
Take a look at the one-month SHMP chart:
SHMP 1-month chart — courtesy of StocksToTrade.com
That’s it for prime penny shares to observe in September 2019.
Learn how to Use Prime Penny Stocks to Watch September 2019 Replace
Your objective is to grow to be a self-sufficient dealer. Use this record — and all my watchlists — as a device in your schooling. Research the charts, research the reasons behind huge worth actions, and watch the shares trade. Additionally, take a look at this submit on creating watchlists.
No matter you do, be protected over the approaching weeks and months. It’s troublesome to foretell the markets at one of the best of occasions … But with the commerce conflict enjoying out on social media and in the news, it’s almost unimaginable. Commerce with smaller position sizes and be much more targeted on danger administration.
Are you a trader? How does the present market have an effect on your buying and selling and watchlist criteria? New to buying and selling? What have you ever discovered on this submit that you should use at present? Comment under — I really like to listen to from all my readers!