Stock Defys The Market
By
Admin
February 23, 2023
Wall Street Warrior Presents ⮕ ⮕ ⮕
The FED's meeting minutes from yesterday reinforced the idea that higher interest rates to control inflation are a very real possibility.
Here are the details.
Major indices continue to post another red day today, extending the sell off even further.
Here's a chart of the S & P 500 ETF Trust (NYSE: SPY) …
During time slike this, trade conservatively.
Three out of four stocks follow the market. There are fewer plays to make when prices are falling.
Sit on your hands and tighten your risk.
Eventually, we'll get a bounce. It could be tomorrow. Could be next week.
But until then, stay safe and protect the brokerage account.
If you're going to trade at all, focus on the strongest runners that have a history of spiking.
Like Ambrx Biopharma Inc. (NYSE: AMAM) , the stock's managed to surge over the last four days during a weak market.
Here's a chart …
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It has a low float.
There was bullish news about a cancer drug.
Read more here.
The daily chart shows a past spike in December 2022.
It's got all the necessary factors that create a spiker.
If you missed out, don't worry. There's always another runner right around the corner.
Study this one and get ready.
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