YESTERDAYS TRADER OF THE DAY
Katherine had a killer day in the market. She locked in over $6,800 in verified profits trading “A little bit of this and a little bit of that” per Katherine lol. Amazing work yesterday!
The 2023 Small Account Challenge start date has been determined.
That’s right, we are hosting another small account challenge for the 2023 trading year. We will be growing a small $1,000 account into over $30,000 by the end of the year. Members have decided that we will be growing our $1,000 account through options trading! We will officially begin the small account challenge Monday June 5th and run it into the end of the year. All trades will be streamed live and all trades will be logged and tracked. You will see exactly what I trade and how trades are reviewed to make adjustment along the way as needed. This will also give us insight on when to start sizing up to lock in bigger profits as the account grows.
Secure your spot now and get ready to grow these small accounts
🌟 Happy Friday 🌟
Good morning team!!! I hope you all had a wonderful evening and are ready for a successful trading session today. Yesterday was an AMAZING day in the market. We absolutely crushed it and saw some amazing profits inside of profits chat. Keep up the amazing work team and keep this momentum going.
Remember to always trade smart and lock in profits when you have them. Fridays are the toughest trading days of the week due to the lack of news and volume in the market. Come in, find the best opportunity, and attack it! Let’s end this week strong and profitable, team!
Live Stream is now up and The Pre-market Rundown will begin at 8:45AM. The morning Game Plan Session will start at 9AM followed by Live Market Training/Trading from 9:30AM – 11AM and Private Market Mastery Training from 11AM – 11:30AM 👏 👏 👏
Let’s have an amazing day team.
STOCKS WITH NEWS
Stock futures rise as Wall Street eyes May jobs report, traders cheer debt ceiling bill passing https://www.cnbc.com/2023/06/01/stock-market-today-live-updates.html
Yesterdays top penny stocks:
$UCAR $TYGO $LE $GSIT $UUU $NEPH $TRKA $CRDO $CVNA $CHWY
Stock futures rose as traders looked ahead to Friday’s May jobs report and cheered lawmakers passing a debt ceiling bill that averts a U.S. default. Futures tied to the Dow Jones Industrial Average gained 157 points, or 0.5%, while S&P 500 futures added 0.5%. Nasdaq-100 futures rose 0.5%. Lululemon shares popped 14% in the premarket on strong results and a guidance boost, while MongoDB surged 23% after hours on a blowout forecast. Economists surveyed by Dow Jones expect that growth eased in May over the previous month, with 190,000 jobs added versus the 253,000 gained in April. That would mark the lowest monthly gain since December 2020. Investors will look through the report for clues on the Federal Reserve’s futures policy moves. Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen. Fear that the U.S. may default on its obligations if lawmakers failed to reach an agreement rattled some investors earlier in the week. “I do think markets were pretty savvy this time: They kind of priced in some sort of resolution, but because we’re taking a tail risk off the table, we’re getting a bit of relief here,” said Mona Mahajan, senior investment strategist at Edward Jones. Investors may also be finding some solace in the likelihood of very limited economic impact from the recent debt ceiling fiasco and a cap on spending that appears unlikely to weigh on economic growth in a “meaningful way,” she added. Stocks kicked off the new trading month on a positive note Thursday. The S&P 500 and Nasdaq Composite gained 0.99% and 1.28%, respectively, to settle at their highest levels since August. The Dow Jones Industrial Average added 153.3 points, or 0.47%. As the week draws to a close, both the S&P and Nasdaq are on track to finish with modest gains of 0.37% and 0.97%. The Dow sits 0.1% lower for the week as of Thursday’s close.
Things to know before the stock market opens Wednesday:
- Stock futures rose Friday, looking to add to gains from the first trading session of the new month.
- The Senate passed the bill to raise the debt ceiling and avoid a catastrophic U.S. default.
- The Labor Department’s monthly jobs report is due out at 8:30 a.m. ET.
Here’s what to watch out for in Friday’s jobs report for May https://www.cnbc.com/2023/06/01/heres-what-to-watch-out-for-in-fridays-jobs-report-for-may.html
$LULU – Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
$UCAR is on FIRE again this morning. We are currently gapping up 70% at this time. Support is back down at $11.06 with top resistance at $15.00-$15.56. Over $15.56, we have room up to $20.00, $22.55 then $27.92
$YJ – Yunji Q1 Adj EPS $(0 .00) Up From $(0 .02) YoY, Sales $26.03M Down From $54.04M YoY
$CNTB – Connect Biopharma Announces Long-Term Data From The Maintenance Period Through Week 48 Of CN002 Phase 2 Icanbelimod Trial In Patients With Moderate-To-Severe Ulcerative Colitis
$BTTR – Better Choice Announces Implementation of Re:Amaze AI Beta Chat Bot, a GoDaddy Brand
$LVTX – LAVA Therapeutics Shares Rise Premarket Following Selection by Janssen Biotech to Support Development of Cancer Treatment
$MDB – MongoDB shares are trading higher after the company reported better-than-expected Q1 results and issued strong guidance.
Personal Game Plans
$CVNA is starting to look great for a swing trade. We just confirmed a moving average squeeze on the daily yesterday as we broke the 200SMA and followed through with a strong day to the upside. We may see a slight pull back before the next leg up but I would expect more upside movement in the coming weeks. If you did not know, $CVNA has 57% of its float shorted. This is 48,246,176 shares short. This stock is a top mention on social media and could start to get some attention from “short squeeze” traders. We want to keep this on HIGH WATCH today and next week as there could be some opportunity to lock in some BIG TIME profits. Light support is down at $15.50 with even stronger support down at $14.06. If we start to break $16.93 resistance, we can see a nice spike on up to $19.87-$20.00 then $29.93 and $42.25