🚨 Decoding Overnight Market Signals🚨
Join me and Graham Lindman at 11 a.m. ET to see how we analyze post-close data to target potential overnight moves [tap to join]
The data center theme is on fire right now, and when everything in a sector is running, timing becomes everything.
I just added Iris Energy (IREN) to the Alpha Flow portfolio, and I want to walk you through why I chose this over some of the more obvious names in the same space.
Navigating Market Volatility and Sector Trends
Volatility has been the name of the game lately, and as traders, we have to respect that because it’s what creates opportunities like this — getting into setups before they’ve already stretched too far.
The data center space is a perfect example. That whole corner of the market is hot, and the infrastructure behind it keeps getting more attention, which is where materials like IREN start to stand out.
You’re getting exposure to that growth without paying up for something that’s already broken out and extended. IREN already had its initial push, worked through that move and now it’s tightening up again, which is exactly what you want to see.
Comparative Analysis With Other Opportunities
There are other names on the radar — Poet Technologies (POET), Quantum (QMCO) and a few others that have made big moves recently — but that’s also the issue.
A lot of those names already had their surge, some just last week, and chasing that kind of momentum doesn’t leave much room to work with.
EchoStar (SATS) is the cleanest example. It’s sitting at all-time highs, and while that strength is real, it also means you’re late to the easy part of the move.
IREN, on the other hand, is earlier in the cycle. You’ve got a defined consolidation to lean against, and that gives you a much cleaner risk setup than jumping into something that’s already gone vertical.
I don’t know if this plays out perfectly — it never does — but I’d rather step in early on a constructive setup with room to run than chase after the crowd.
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To better trading,
Alex Reid
WealthPin
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Your Second Chance to Take Your First Night Riders Trade
At 11:00 a.m. ET, Graham and I are about to kick off today’s Live Briefing, and this one is not to be missed!
We’ll be going over a trading approach I’ve been honing for the past few weeks to target cash on the overnight market.
This one’s unlike anything you’ve seen. Here, we don’t rush the trade before the closing bell and hope the market goes our way.
No, sir.
We wait until the close and analyze the 0DTE data. It tells us where the market is most likely to open the next day.
That’s when we enter and play the move until the open.
It sounds a little wonky now, but wait until you see it in action.
I can’t make trading guarantees, of course…
But not only will you get to see it, you’ll also get the chance to join in on what could be your first night riders trade.
So if you’d like that…
