hey what's going on traders thanks for checking out this video my name is travis from master the
market and in this video i wanted to talk a little bit about the ispo stock which we saw spike up
today and close the day up at 648 percent and this is going to be a great thing for the small
cap market because over the past few months to start off the year 2022 the small cap market has
been very slow we have not seen very many big runners we've seen you know maybe a few 20 30
40 runners uh but it's been a while since we've had any massive spikes over a hundred percent
let alone over 500 percent so seeing that today in ispo is going to be a
great thing for the small cap market because it's going to kind of get the ball rolling and
now people are going to be more willing to chase these stocks once they're already spiking
which is going to lead to more stocks having bigger runs in a shorter period of time so
with ispo today we saw it spike up from about ten dollars per share all the way up to a high
intraday of 108 per share uh before pulling back a little bit and closing the day at 92.65
now this massive spike up had no news or catalyst and i see a lot of people talking about you know
the stock not having any news and being up way too much for the fact that there is no news so
because of that they were short bias and they were expecting the stock to come crashing back down
and the simple fact is that if a stock is going to squeeze and if a stock has some very strong
upward momentum then it doesn't necessarily need to have some kind of news or press release to go
along with that move because that breakout and that momentum to the upside is going to be as
good of a catalyst as anything else to drive the price of the stock higher because at the end of
the day what the market runs on is supply and demand and clearly today with ispo there was no
lack of demand since we did see this massive spike up so anyway like i said this is going to be a
really good thing for the small cap market and if we take a look at a few examples here we could see
that ispo already started to kind of heat things up in the small cap market because following that
spike up we saw several other stocks that also started to spike up and one of those being a ngh
which ended up closing the day of 161 percent um in spite from about 10 per share as well all the
way up to an intraday high of about 33 and then it actually hit about 35 in after hours trading um so
again another massive spike up no news no catalyst to drive that stock higher um just again based
on technicals and based on the momentum and the demand for the stock another example would be cptn
this is going to be a kind of a weird example because as you can see there's a bunch of these
little gaps along the way in this stock and what those gaps represent is a volatility halt that
was put into place by the sec so when a stock spikes up or comes dropping down too quickly
what the sec can do is actually halt trading of that stock usually anywhere from 5 to 15
minutes before it resumes trading and during that time frame you're not able to place
any trades to either buy or sell the stock so personally this is a stock that i would avoid
it's really difficult to trade these stocks that have these very frequent volatility halts
and if you're not careful what can happen is you may end up buying all the way up
here before this big halt happens um and this closes this candlestick at about 65
then again there is another volatility halt and it ends up opening down in the low 40s once that
volatility halt is over so again this is not one that i personally would be trading but it
is another example of how ispo kind of started to get the ball rolling today in the small cap market
okay so last but not least one other quick example is going to be qngy um this is actually one that
we kind of nailed today in the market master group we caught this moving up on the breakout scanner
in the 390 area once we saw this big spike up in volume here before it had this run up to a high of
five dollars and forty cents so there was a few pretty good opportunities there both long and
short to make some profits um if you want to check out the market master group to get these trade
alerts and to be a part of the chat and watch our live streams every single day with custom scanners
make sure to check out the link in the description to try it out for 100
free um but anyway the reason that i bring this up uh with qngy and the other couple of examples is
because all of these big runners today have a few things in common first all of them are recent ipos
all of them ipo'd within the past couple of weeks and second all of them are going to be what are
considered low floats if a stock has a low float the float is simply going to represent the supply
for that stock so if there's a low supply of the stock that can create a large amount of volatility
which often leads to some big spikes like we saw with ispo with angh with cptn and with qngy
okay so with all of that being said you may be wondering now what is going to be the next big
runner um so in order to kind of figure that out we're going to go over to finviz and what
i want to do is look for stocks that meet the same criteria that all of those stocks also had
when they were spiking up today so first and foremost we're going to look at the ipo date
and we're going to look at in the past month and the second thing is that they have a small float
so we're going to go ahead and keep this anywhere under 20 million shares and that narrows the
market down to a total of just five stocks we have fgi we have mtek we have nvct sq ftw and tklf
so first and foremost let's click on fgi we can see that fgi ipo'd a few weeks ago and we can
also see that the number of shares in its float is about 2.5 million shares which is considered
a very low float um so again that just means that this stock can really spike very quickly once the
volume starts to spike up as well and actually if we take a look at this chart here um in
thinkorswim we see that today there was a bit of a spike up the volume did start to pick up during
the middle of the day and it actually closed up near the highs for the day along with that we
can also see down here on the daily chart there's been a little bit of a consolidation period here
above the support that looks to be at about 3 15. so if we pair that with the fact that this is also
again a low float stock and it's also a recent ipo i think that fgi is going to be a really good
candidate for a big spike up in the near future um to kind of follow in the footsteps of ispo however
if you want to kind of check out these other ones and see if any of these other ones may be a good
fit you can feel free to do so um you can also be a little bit more lenient with your criteria
so instead of a 20 million share flow you can do under 50 million to kind of give you a few more
examples but i just wanted to do this quick video to kind of give you an idea of why ispo spiked
and how you can find the next stock that is going to potentially have a spike up
just like ispo based solely on the fact that the stock has a lot of similarities to ispo itself
and these are called sympathy plays in the market and we see these happen time and time again every
time that there is a big runner in the penny stock market all right so hopefully you found some value
in this video if you want to learn more about day trading swing trading and long term investing
or if you want to come try out our market master group for free those are going to be
on my website master the market which will be linked down below in the description
but anyway thank you again for watching i hope you enjoyed and good luck with your trading
you