Top Stocks to Watch Today: Friday, January 29

There are a ton of mining and energy stocks to watch today. Could this be the next hot sector?

It’s too early to tell right now, but it’s worth keeping an eye on these stocks and the sector to see if the momentum continues.

I always trade a pattern and the price action. I don’t fall in love with a company or a sector, and I don’t invest for the long term.

So when you’re looking at any potential trades, remember to go for singles and always cut losses quickly if a trade goes against you.

Now, let’s get to my list of top stocks to watch today…

10 Stocks to Watch for Friday, January 29, 2021

Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.

But there’s always something you can learn.

Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:

If you’ve been following my blog and lessons, you know I love to trade low-priced stocks. (To learn more about trading penny stocks, get my FREE guide here.) 

But you’ll notice that not all of the stocks on this list are technically penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range, so they’re worth watching.

Here are my 10 top stocks to watch today…

Stocks to Watch Today #1: Marathon Patent Group, Inc. (NASDAQ: MARA)

On January 28 bitcoin was running, so many crypto stocks were moving in sympathy. That morning, MARA also released this news.

If bitcoin continues its uptrend on Friday, I’ll watch this stock to follow that price action.


Stocks to Watch Today #2: Riot Blockchain, Inc. (NASDAQ: RIOT)

Riot is another potential bitcoin sympathy play. This company hasn’t released any recent news.

I’ll only look at this stock if bitcoin continues to run on Friday.


Stocks to Watch Today #3: American Battery Metals Corporation (OTCQB: ABML)

ABML is back on my watchlist. I’ve traded it a few times this month. It has since retraced. I’ll watch for a possible bounce.

On Thursday, the company released news about its selection for a government grant of $4.5 million.


Stocks to Watch Today #4: XpresSpa Group, Inc. (NASDAQ: XSPA)

On January 28, XSPA had a huge gap up of almost a dollar per share and then retreated all day. The company announced news that it’s working with major airlines to help meet the need for COVID testing for travelers.

The stock’s big gap up might have been too much too soon, so I’ll watch for it to bounce.


Stocks to Watch Today #5: Gran Tierra Energy Inc. (NYSE: GTE)

Let’s move on to the mining and energy stocks that were moving on Thursday…

GTE doesn’t have specific news but it had a huge green day with a massive trading volume of over 360 million shares.

I’ll watch the stock to hold above the closing price of 63 cents and continue higher to retest Thursday’s high of 96 cents.


Stocks to Watch Today #6: Barrel Energy, Inc. (OTCPK: BRLL)

BRLL is another mining and energy play. It had a massive green day with high volume on Thursday. Around midday, the company released this business update.

I bought this all-day runner near the end of the day and made a profit of $2,039.*

(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)

The stock closed near its highs so I’ll watch for a gap up and continuation today.


Stocks to Watch Today #7: McEwen Mining Inc. (NYSE: MUX)

MUX is another mining company. It was up over 30% as of the market close on Thursday. The stock closed near its highs. I’ll watch to see if it follows my first green day pattern, with a gap and continuation today.


Stocks to Watch Today #8: New Concept Energy, Inc. (NYSE: GBR)

Yep, here’s another energy stock that was running on Thursday … GBR had a huge move from the $2s to $30.98. It was such a big move, it could be over. But with all the massive short squeezes we’ve seen lately, it’s worth watching.

Plus, it has a low float of only two million shares, so it has the potential for a volatile move.


Stocks to Watch Today #9: Guardion Health Sciences, Inc. (NASDAQ: GHSI)

GHSI is in the healthcare sector. It was trading high volume on Thursday. The company released news that NASDAQ granted it an extension for it to meet the minimum bid requirement.

This kind of news can generate movement in the price as the company tries to get its stock price over $1 to remain listed.


Stocks to Watch Today #10: BioLineRx Ltd. (NASDAQ: BLRX)

BioLineRx Ltd. is a biotech company focused on oncology. Biotech stocks are a hot sector right now.

There’s no recent news about the company, but on January 28 the stock had a big green day. Looking back at the daily chart, it has only had a few multi-day runs. If it meets my setup, I’d aim for singles with this stock.


How I Find Stocks to Trade

There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.

Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price.

STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.

I use it every day to find the stocks that fit my strategy — like volatile penny stocks with a catalyst and high volume.

And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.

Try a 14-day trial of StocksToTrade with Breaking News Chat for only $17! 

(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)

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For even more stocks to watch, check out these blog posts that I update weekly:

Frequently Asked Questions About Stocks to Watch Today

How Can Beginners Trade Penny Stocks?

I recommend every new trader starts building a knowledge account before trading. Study everything you can, watch the market in real time, and paper trade before you risk your hard-earned cash.

What Should I Look for When Buying Penny Stocks?

I look for penny stocks that are spiking on news. And I like stocks that have high volume so I can trade in and out quickly.

How Do I Find Penny Stocks Under $1?

I use StocksToTrade scanners to find penny stocks under $1. You can use one of its 40+ built-in scans or customize your own based on your trading criteria.


Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.

I want you to become self-sufficient.

I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.

If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.

I teach the trading process, mindset, strategies, and patterns to help my students find their own way in the markets. If that’s your goal as a trader, apply today.

What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you! 

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