Good morning team and happy Money Monday I hope you all had a wonderful weekend and are ready to get rocking for an amazing trading week 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. Here’s to a great Money Monday in the market!
TRADER OF THE DAY
@Klsana00 Great job on posting up your trade idea, sharing your premarket plan and sticking to it like a true professional! This is how to trade, ladies and gentlemen. Well done!
STOCKS WITH NEWS
U.S. stock futures rise as traders assess health of global banking system after UBS-Credit Suisse deal https://www.cnbc.com/2023/03/19/stock-market-today-live-updates.html
‘Shotgun wedding’: What the UBS rescue of Credit Suisse means for global markets https://www.cnbc.com/2023/03/20/what-ubs-rescue-of-credit-suisse-cs-means-for-markets-and-banks.html
Fed, ECB and four other central banks take ‘coordinated action’ to ensure dollar liquidity https://seekingalpha.com/news/3948710-fed-ecb-and-other-central-banks-take-coordinated-action-to-ensure-dollar-liquidity
Fridays Top Gainers $ENZ $HMPT $DFLI $OPRT $PYXS $OMGA
$UBS – UBS shares slide 7%, Credit Suisse craters 61% after takeover deal
$BTC – Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally https://www.cnbc.com/2023/03/20/bitcoin-gains-26-billion-as-banking-crisis-sparks-rally.html
$NYCB – Press Release: NEW YORK COMMUNITY BANCORP, INC. THROUGH ITS BANK SUBSIDIARY, FLAGSTAR BANK, N.A., ACQUIRES CERTAIN ASSETS AND ASSUMES CERTAIN LIABILITIES OF SIGNATURE BRIDGE BANK FROM THE FDIC
$PACW – MW Pacific West says it has ‘solid liquidity’ with $10.8 billion in available cash Friday
Personal Game Plans
Game Plan for $SPY today. $393 has been a KEY level for the $SPY over the past couple of weeks. As we see here in pre-market, we are coming back up into this level as resistance which also puts us right at this down-trend from post-market on Thursday. This would be the 3rd point off this down-trend as well as retesting this $393 resistance level. I am waiting for the $SPY to get back up to this down-trend and $393 resistance before entering a short position. As long as we stay below $393, I will look to short the $SPY back down to $387.50.
Earnings This Week
PRE MARKET GAPPERS
Reddit Top Mentions
Largest Short Interest
PRIOR DAY TOP GAINERS