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HUMP DAAAYYY!!! Wednesday 2/22 Morning Stock Newsletter!

 Gooood Morning Team  Happy HUMP DAYYYY!!! We are back. I hope you all had a wonderful evening and that you are ready for today’s trading session. I am ready to get to work and have some fun today with the best trading community in the world. Let’s get ready for an awesome day!  Live Stream is now up and Live Trade Commentary begins at 9:00AM EST. 

 


TRADER OF THE DAY

A beautiful swing trade on the crack of the uptrend @Klsana00 coming in with trader of the day to start the week off strong!

STOCKS WITH NEWS

Stock futures are flat as investors brace for Fed minutes https://www.cnbc.com/2023/02/21/stock-market-today-live-updates.html
FED MINUTES are being released at 2PM today so we may see slower market conditions this morning!


Yesterdays Top Gainers: $ATLX $MHUA $ARBE $AMAM $LNZA $ZDGE

$SPY – Fed’s Bullard Says Still Think We Can Get Inflation Down While Maintaining A Strong Labor Market; Says Silicon Valley Layoffs Have No Bearing On Overall Strength Of Labor Market

$LCID – Lucid Group earnings preview: Deliveries forecast, Saudi Arabia update and pricing news could jolt shares. Lucid Group (NASDAQ:LCID) heads into its earnings report on Wednesday with shares sputtering a bit. The EV stock was down 9.47% at 2:00 p.m. on Tuesday amid sharp selling across the automobile sector. Expect some share price volatility following the Lucid (LCID) report. Short interest stands at 22.5% of total float and options trading is implying a double-digit swing up or down after the report drops. Lucid (LCID) rallied 17.7% the day after its last earnings report.

$COIN – *Coinbase: 4Q Net Revenue Was $605 Million, Up 5% Q/Q, of Which $322 Million Was Transaction Revenue and $283 Million Was Subscription and Services Revenue >COIN

$NVDA – Q4 Earnings Expected To Fall 60%. Analysts expect NVDA to bring in $0.47 in earnings per share, down 60% from a year before. Earnings are tonight after the bell – https://seekingalpha.com/article/4580178-nvidia-stock-q4-earnings-expected-fall


$U – Unity Software (NYSE:U) is scheduled to announce Q4 earnings results on Wednesday, February 22nd, after market close. The consensus EPS Estimate is $0.01 (compared to -$0.05 in year ago quarter) and the consensus Revenue Estimate is $438.23M (vs. $315.86 in prior year quarter).

$LLAP – Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks

$CYRN – Cyren Announces Non-Binding LOI To Sell Iceland-Based Anti-Malware Business Assets; No Financial Terms Disclosed

$SRNE – Sorrento Therapeutics, Inc. Receives Court Approval For $75M Financing In Chapter 11 Case; Hearing For Final Approval Of The Financing Is Currently Set For March 29, 2023

$WINT – Windtree Therapeutics Has Been Granted U.S. Patent Number 11,583,540 Titled “Istaroxime-Containing Intravenous Formulation For The Treatment Of Acute Heart Failure”

$PET – Wag! Group Swings to Profit in Q4 as Sales Double; Lifts 2023 Revenue Guidance — Shares Soar Premarket

$TCBP – TC BioPharm Announces Publication of Paper in AML Research Highlighting the Company’s Development of Allogeneic Gamma-Delta T cell Therapies

$FVRR – Fiverr International Sees Q1 Revenue $86.5M- $88.5M, FY23 Revenue $350.0M-$365.0M

$SIDU – Sidus Space Signs Agreement With SpaceX To Launch On Transporter Missions Manifested For 2024 & 2025


PERSONAL GAME PLAN

I will be waiting for the $SPY to come down to our multi month trendline before playing CALLS. This would put the $SPY down at its 50 and 200SMA as well which is very strong support. Stops would be if we cracked below the trendline, 50SMA and 200SMA. My target would be the daily gap up between $407-$408. If at anytime we crack this uptrend and fall below the 50 and 200SMA, I will be looking to jump into PUTS (aggressively) for the leg down to $387 then $379

$RBLX is not looking all that bad for a possible “daily gap fill bounce” trade. We would be looking for entries as close to $35.75 as possible. Stops could be $0.25-0.50 as we are looking for a quick bounce ($0.50-$1.00) to scalp this here intraday.

My thoughts on $TSLA . I would be looking for a rejection off this downtrend today (point #3). If we see the rejection, I will be playing PUTS down to the multi-week uptrend where I expect to see a bounce. If at any time we crack this multi-week uptrend, I will be looking to swing trade some PUT contracts for the much needed pullback. We would have room to fall back down to $180 then $145 to fill the daily gap.


EARNINGS THIS WEEK


PRE MARKET GAPPERS


REDDIT TOP MENTIONS


MARKET OVERVIEW


LARGEST SHORT INTEREST


ECONOMIC CALENDAR


PRIOR DAY TOP GAINERS