Top Penny Stocks List and Weekly Update: Key Takeaways
- In the current market, there’s no need to be aggressive. See all three featured stocks.
- Friday’s biggest spiker was a momentum play with no news. See IMPP.
- Need a recipe for this slow market? See Trading Mentor below.
Watch this replay before it gets taken down…
24-Hour Rockets Trading Summit featuring Tim Bohen & Tim Sykes
- Trans Global Group Inc. (OTCPK: TGGI … read my analysis here)
- Nitches Inc. (OTCPK: NICH … read my analysis here)
- Imperial Petroleum Inc. (NASDAQ: IMPP … read my analysis here)
Top Penny Stocks List: January 31, 2022
While the market churns, I prefer to stay on the sidelines. I’m still waiting for max panic, which could happen today or later this week. If we get a big market crash that sticks, early dip buyers could create true panic as they exit their positions.
Whatever happens, stay safe. These are the OTCs I’m watching this week…
And here are the listed stocks I’m watching…
3 Penny Stocks to Watch This Week
All three featured stocks are on watch only. I’m not seeing much to get excited about. And that’s fine. I still like breakouts, morning spikes, and anything the promoters can get going. But I won’t force trades…
The good news is there will always be another great setup coming up, the question is how prepared will you be to capitalize on it? When there’s nothing solid right now, take the time to study, workout, read, hang out with friends, whatever you can do to NOT force low-odds trades!
— Timothy Sykes (@timothysykes) January 28, 2022
Top Penny Stocks List #1: Trans Global Group Inc. (OTCPK: TGGI)
Trans Global Group is a China-based shell company looking for a reverse merger candidate.
Key points about TGGI…
- TGGI spiked 46% on Thursday after the company ran a Chinese New Year ad on the Nasdaq billboard in Times Square.
- Twitter promoters went wild, calling the stunt proof the company will uplist in 2022.
- TGGI is a former runner and one of the biggest Twitter pumps of the past six months.
TGGI doesn’t have the best multi-day or multi-month chart. I’m watching but, again, there’s no need to be aggressive. Let’s see if the promoters can get it going.
Top Penny Stocks List #2: Nitches Inc. (OTCPK: NICH)
Nitches is an influencer-marketed clothing and accessories company. It’s active in the metaverse with NFTs of its collections.
Key points about NICH…
- The company recently announced sustainability is a top priority.
- On January 26, the company launched blockchain verification technology to protect from counterfeiting.
- NICH spiked 351% in three days, including a 71% spike on Thursday. On Friday it lost 11% on low volume.
I need to see more volume and, ideally, a news catalyst to buy. NICH is a watch only for now.
Top Penny Stocks List #3: Imperial Petroleum Inc. (NASDAQ: IMPP)
Imperial Petroleum is a shipping company that specializes in liquid petroleum and petrochemicals.
Key points about IMPP…
- IMPP is a momentum play without a news catalyst. It could be based on uncertainty surrounding a potential Russia/Ukraine conflict.
- IMPP spiked 81% on Thursday before losing its gains. It spiked again in after-hours trading and premarket on Friday.
- The stock had a big morning spike on Friday, and was up 197% before a volatility halt. It pulled back but ended the day up 87%.
IMPP is a watch only. I don’t like stocks that rely on the price of an underlying commodity. Also, there’s no way to predict what will happen between Russia and Ukraine. But there’s always something to learn by watching.
Trading Mentor
I haven’t been trading that much lately. There’s just not that much going on. Some days I’m not even making a detailed watchlist because my plan is to NOT trade.
The bigger story is that the overall markets keep trending down no matter how many newbies try to ‘buy the dip.’
Even trading conservatively I’m up $26,603 in January. That brings up…
This Week’s Top Tested Trading Tip: Study the Past To Prepare for the Future
You don’t have to trade. I’ve said it many times … sometimes the best trade is no trade. But that doesn’t excuse you from learning…
When the market is like this, study. What should you study? The past.
Students ask, “Tim, which video lessons should I study for this market?” It doesn’t work that way. Every market’s a little different. But if you watch ALL the video lessons you’ll see how I adapted over the years. And I’m still adapting.
Then study the playbooks of the other Trading Challenge mentors and top traders.
Monday Motivation
During my webinar on Friday, I asked students to tell me how many of Tim Grittani’s webinars they’d watched.
Only five students said they’d watched every Tim Grittani webinar. One of them happened to be millionaire trader Jack Schwarze (aka No7 on Profit.ly).
This was his reply in chat…
10:16AM No7 → timothysykes: all of them… 3 times at least.
There’s a lesson in there somewhere.
100th Karmagawa School Milestone
Working with Partners Relief & Development, Karmagawa opened our 100th school last week. Located in Myanmar, it’s providing education to 600+ children.
⚠️100TH KARMAGAWA SCHOOL MILESTONE ALERT!⚠️ I’m SO EXCITED to announce the opening of the 100th @karmagawa school in Myanmar that will provide education for 600+ children in Kindergarten, Grade 1 & Grade 2…previously kids in this community were forced to learn sitting outside! pic.twitter.com/hoDhIR1Kkf
— Timothy Sykes (@timothysykes) January 26, 2022
That’s a BIG milestone, and we’re just getting started. If you want to get involved, like and share that tweet. Then buy some of our charity merch here.
Trading Education
This is where your journey begins. If you can change your mindset from making money to learning, there’s hope.
New to penny stocks? Start with my FREE penny stock guide.
Also, get my best-selling book “An American Hedge Fund” here at no cost.
For the basics of my strategies, read “The Complete Penny Stock Course.”
And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you’re willing to study hard. It’s not easy, but it’s where all my top students refined their skills.
**Apply for the Trading Challenge Today**
Trading Challenge students also get access to my daily watchlists. All successful traders make their own watchlists. Studying mine (and those of other successful traders) is a good start, but you need to learn…
How to Create Your Own Penny Stocks List
Answers to watchlist FAQs…
How Can You Create Your Own Watchlist?
To start, look for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, I look at trading volume and a catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
Should I Create a Watchlist Every Day?
All serious traders create a daily watchlist. If you’re serious about trading penny stocks, making a daily watchlist is essential.
Does Tim Sykes Provide a NO-COST Watchlist?
Yes. Subscribe to my weekly penny stock watchlists below.
How to Use the Top Penny Stocks List Weekly Update
When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.
👉🏼 SUBSCRIBE to my NO-COST weekly stock watchlist here.
It all starts with looking for big percent gainers. Try to figure out why I’ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks.
What do you think about this penny stocks list and weekly update? Comment below, I love to hear from all my readers!
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