Good morning Team and Happy Friday I hope everyone had a FANTASTIC evening and that you are all ready for another great day ahead!!! 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 with Live Trade Commentary starting at 9:00AM.
TRADER OF THE DAY
STOCKS WITH NEWS
THE MARKET WILL BE CLOSED MONDAY FEBRUARY 20th – PRESIDENTS DAY!
Stock futures are flat Thursday as traders digest earnings. Wall Street is expecting further economic insight from a slew of reports Thursday. For starters, another inflation gauge will be out in the morning, the January producer price index. Dow Jones estimates are calling for a rise of 0.4%, compared to December’s decline of 0.5%. Weekly jobless claims data, as well as January’s housing starts report, are also due Thursday. https://www.cnbc.com/2023/02/15/stockStock futures slip Friday as inflation data, Fed officials’ comments worry investors https://www.cnbc.com/2023/02/16/stock-market-today-live-updates.html-market-today-live-updates.html
Yesterdays top gainers $LUNR $TA $AMAM $CYH $SERA $MTRN
$NOGN – Nogin Announces Agreement With Seychelles Imports LLC To Plug Into Nogin’s Intelligent Commerce Technology
$NSC – Norfolk Southern under pressure as another train derails near Detroit
$IBIO – iBio Shares Up 126% Premarket; Co Announced MUC16 As Its Latest Immune-Oncology Target Program
$BSGM – BioSig Awarded US Patent Claims Covering Its PURE EP Universal Notch Filter Technology
$SPRC – SciSparc’s Drug Discovery Joint Venture MitoCareX Bio Successfully Reached First Milestone for its Future Machine Learning System
PERSONAL GAME PLAN
$IBIO is on HIGH WATCH here in pre-market. This stock is currently up 135%, trading 4.6M shares vs. its average of 1M and has 14% of its float (10M) short at this time. As we can see, we have TONS of room up to $3.84 if we break $2.40-2.50 resistance. I will be looking to catch a dip buy entry down off $1.50-1.55 support to get things going. First target would be HOD at $2.06 then $2.40-2.50. If we break $2.40-2.50, I will leave a runner to see if we get that full move on up to $3.84. Stops would be about $0.05-0.10 on this trade.
EARNINGS THIS WEEK
PRE MARKET GAPPERS
REDDIT TOP MENTIONS
LARGEST SHORT INTEREST
PRIOR DAY TOP GAINERS