I know I say this a lot, but … There’s a LOT going on today.
The highly-anticipated Coinbase IPO (to be listed as NASDAQ: COIN) is happening today.
As a result, I feel pretty confident in predicting that crypto will be the dominant sector of the day.
For day traders who think there will be a hotter sector today … You might need a life coach. Or some yoga. Or to figure out what you’re doing with your life.
Here’s what’s going on today…
The big catalyst in the market today? Today’s much-hyped Coinbase IPO (NASDAQ: COIN) IPO. Since it’s not trading yet I don’t have much to say about trading it. Generally, I avoid day-one IPOs because there hasn’t been time for the chart to set up quite yet.
Nonetheless, I am looking at all the moves related to the IPO.
Bitcoin’s breaking out — early this morning it hit $64,000. It could potentially go higher...
That means sympathy plays — Riot Blockchain Inc (NASDAQ: RIOT), Marathon Digital Holdings Inc (NASDAQ: MARA), and Bit Digital Inc. (NASDAQ: BTBT) could be in play all day or even in the near future.
My top watch from that group is RIOT. A prominent short seller bashed RIOT on Twitter … It then gapped up this morning even as other crypto plays faded. There’s an important lesson here about how big-mouthed short sellers can create short squeezes…
A few followers insisted on asking about non-crypto tickers. UTStarcom Holdings Corp. (NASDAQ: UTSI) had earnings three weeks ago. It has a terrible chart. Not very interested…
Then there are the inquiries about bank buyout Mackinac Financial Corporation
(NASDAQ: MFNC) and Palantir Technologies Inc. (NYSE: PLTR), which has been sideways for months. My response to both: NO, NO, NO!
On the other hand, I don’t hate Moleculin Biotech Inc. (NASDAQ: MBRX) … It’s not crypto, but it is a brain cancer play with a press release. It has a history of one-and-dones. But as I’ve talked about before, cancer plays can have excellent short-term trading potential…
Ah, the Nancy Pelosi pump! Pelosi and her husband just loaded up on shares of Roblox Corp. (NYSE: RBLX) … I don’t so much see this one as a day trade, but I think it has incredible potential as a swing trade. I talk about potential strategies and entries…
📲 Download the STT app: https://apps.apple.com/us/app/stockstotrade-mobile/id1403963724
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
🔴 Ready to learn more? Check out the SteadyTrade Team: https://stockstotrade.com/steadytrade-team/
🔴 Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/

👉Share this video with a fellow Trader:
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.com/14daytrial/
🔴Get our FREE weekly watchlist here: https://stockstotrade.com/watchlist
🔴Traders Blueprint Free Guide: https://stockstotrade.com/traders-blueprint/

✅ Recommended video:
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO

✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade


#StockMarket #Trading #Stocks

---

*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.