And how they all have to come together...                                                                                                                                                                      Good Morning! The DOW was down over 700 points yesterday morning, as the market was rattled yet again by fears of another potential bank collapse⦠Credit Suisse Group AG (NYSE: [CS]( opened almost 30% lower as bank stress concerns spread and after the bankâs biggest investor said it [couldnât support the stock]( any longer due to regulatory restraints. All the premarket news and price action looked like we were poised for a wild ride of volatility⦠How did the doom and gloom picture play out in penny stock land? Believe it or notâ¦it was actually pretty slow. And Iâll explain why shortly. If youâre in the [SteadyTrade Team]( you know I find Wednesday to be the slowest trading day of the week⦠Experience will show you when you should push trades and when you should back off. And yesterday wasnât what I would call a frothy day⦠So what do I want to see happen in penny stocks for me to get excited? Here are a few criteria and examples of what Iâm looking for⦠3 Things I Want To See To Get Excited It doesnât necessarily matter what the [macro news headlines]( are, or what the overall markets are doing for there to be big penny stock movers. These stocks trade in their own little world⦠But traders need something to get excited about for them to jump into a stock and create the massive moves we like to take advantage of. We need emotion â [excitement, greed, and FOMO](. To generate that, most day traders like to see the same things⦠A Hot Sector Right now, SPACs are still hot. Ambipar Emergency Response (AMEX: [AMBI]( was one of them on Tuesday⦠It was a [giant squeezer]( with no news. AMBI chart: 2-day, 2-minute candle â courtesy of [StocksToTrade.com]( But it couldnât hold its gains yesterday. So although we kinda have a hot sector right now, a stock still has to check a lot of the boxes to be a trade. And having news is one of those boxes. What Iâd like to see to heat the entire sector up, is for one of these stocks to have news and a big spike... That should make short sellers nervous in any of the SPAC stocks since [they can move together](. A Big Gainer A big percent gainer is one of the criteria we also look for in potential stocks to trade. Yesterday ThermoGenesis Holdings, Inc. (NASDAQ: [THMO]( spiked as much as 158% in premarket after it announced itâs [rolling out a new facility](. The [Breaking News Chat]( team alerted the news. But a few minutes after the open, they also alerted that the stock was a chat pump. And like chat pumps usually do â [it failed at the open](. When a stock becomes a chat pump, I like to wait [until 9:45 a.m. or later]( to enter a trade. And that rule wouldâve kept you safe in THMO yesterday⦠THMO chart: 1-day, 2-minute candle â courtesy of [StocksToTrade.com]( But you donât have to be first to trade any big gainer or hot sector stock... Remember some of the best plays lately have been on day two, three, or four⦠So that brings me to another criterion I like to see⦠âHanging Aroundâ Both of the stock examples above had some of the things I look for in a stock â but not all of them. And neither of them âhung around.â Meaning, they didnât hold near their highs⦠And since some of the best runners Iâve seen lately are multi-day runners â they donât have me too excited. So until I see a big gainer with news, preferably in a hot sector with high volume that can hold its highs⦠I wonât be over-aggressive in my [trade plans](. And remember whatâs working in the market right now and what isnât â [I give you all the details in my weekly Market Update videos here](. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade sponsored From Sykes: âSee this Before Fridayâ WARNING: Do not place any trades tomorrow until you see [this video](. Tim Sykes just revealed what could be a huge trading opportunity this weekend⦠He explains everything in [this video.]( [Click here to watch.]( sponsored Trade alongside millionaire traders every day. Get your stock info from a reliable source. This exclusive chat room is moderated by three 6-figure traders who are fully transparent and alert to their trades in real-time. Millionaire trader, Matt Monaco can walk you through what this chat room entails⦠[Learn more about how you can get into this chat room today.]( Recommended Membership Gifts ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist]( [Mark Croock Evolved Trader Daily](
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