Good morning team and happy Money Tuesday! I hope you all had a wonderful evening and are ready for a successful trading session today. As always, remember that quality trades are the key to success in the market. It is important to stay focused and disciplined 🧠 and let the best of the best trades come to us! So let’s all approach today’s trading session with a positive attitude and a commitment to taking only quality trades **Live Stream is now up and Live Trade Commentary will begin at 9:00AM. **
TRADER OF THE DAY
@CarlosLepe Being recognized for trader of the day! Went and reevaluated his strategies and came back with the knowledge needed to not only go back to trading options successfully, but now has enough confidence and skill to navigate futures successfully!!
WAY TO TRADE!!!
STOCKS WITH NEWS
Stock futures rise as Wall Street tries to build on Monday’s rally, regional banks jump https://www.cnbc.com/2023/03/20/stock-market-today-live-updates.html
First Republic jumps more than 20%, leads comeback rally in regional banks Tuesday https://www.cnbc.com/2023/03/21/frc-jumps-more-than-20percent-leads-comeback-rally-in-regional-banks.html
U.S. officials consider ways to guarantee all bank deposits if crisis worsens https://seekingalpha.com/news/3949374-us-officials-consider-ways-to-guarantee-all-bank-deposits-if-crisis-worsens-report
Yesterdays top gainers $LFCR $AMBI $NYCB $LVRO $OBIO $FGF
$FRC – First Republic recovers from record low on new rescue plan
$CISO – Cerberus Cyber Sentinel Sees Q4 Revenue $14.7M; Sees FY22 Revenue $46.5M
$SELB – Selecta Biosciences Announced Phase 3 DISSOLVE Program Of SEL-212 in Chronic Refractory Gout Met Primary Endpoint
$PEAR – –Credit Suisse Downgrades Pear Therapeutics to Neutral From Outperform, Adjusts Price Target to $1 From $7
$MREO – Mereo Biopharma Announced Regulatory Feedback Following Recent End-of-phase 2 Meetings With The FDA And The European Medicines Agency Related To Alvelestat For Alpha-1-Antitrypsin Deficiency-Associated Lung Disease
Personal Game Plans
$TSLA is looking great here in pre-market. We are now breaking over $186.11 which was a KEY level of resistance. We now have room to run up to $192.22. I would like to see a healthy pull-back into $186.11 before getting involved to the long side.
$CISO – Ideal entries would be back down at $0.56 support with a $0.70 FIRST target. Stops could safely be below $0.53 because if we fail to hold $0.56 support, we have potential to fade back down to $0.45 support. Nice low risk/high reward trade on one of our most active pre-market movers. We MUST stay above $0.56 support for this trade to be valid.
Earnings This Week
PRE MARKET GAPPERS
Reddit Top Mentions
Largest Short Interest
PRIOR DAY TOP GAINERS