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Hump Day June 7th 2023 Morning Stock Newsletter. Small Account Challenge Day 3

YESTERDAYS TRADER OF THE DAY


Today marks day 3 of the 2023 Small Account Challenge where we are looking to grow a small $1,000 options account into over $25,000 by the end of the year!

I am currently down about $37 on the small account as we had 2 small losers on the $SPY yesterday. Starting balance was $1,000 but we took a few test trades last week for some small profit which has allowed us to absorb yesterdays small loss and still be up slightly on our accounts.

Secure your spot now and get ready to grow these small accounts


🌟 Good morning team, and happy hump day! 🌟

 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.

Today marks day 3 of the Small Account Challenge where we are looking to grow our small $1,000 options account into over $25,000 by the end of the year. Let’s have a strong day 3 by staying focused, disciplined, patient and by only taking the best of the best trades!

This is going to be a big week in the market and I can’t wait to see you all locking in some amazing profits!

Live Stream is now up and The Pre-market Rundown and Morning Game Plan Session will start at 8:45AM followed by Live Trading from 9:30AM – 10:30AM and Private Market Mastery Training from 10:30AM – 11:30AM 👏 👏 👏

Let’s have an amazing day team..


STOCKS WITH NEWS

Stock futures are flat after S&P 500 notches highest close since August https://www.cnbc.com/2023/06/06/stock-market-today-live-updates.html

Yesterdays top penny stocks:

 $HOTH $BMR $GTLB $MVIS $GIII $QBTS $BIG $CSTL $ALVR $IPDN

https://university.alphadaytrading.com/charts/?chId=3088

Market Briefing:

Stocks futures were flat Wednesday after the S&P 500 notched its highest closing level of 2023. Futures tied to the Dow Jones Industrial Average dipped 18 points, or 0.05%. S&P 500 futures and Nasdaq-100 futures both up marginally. The tail-end of earnings season pressed on with results from Dave & Buster’s and Stitch Fix . Dave & Buster’s gained about 4%, while Stitch Fix added 8%. Stocks edged higher during Tuesday’s session. The broad index added 0.24% to finish at its highest level since August 2022, while the Nasdaq Composite rose 0.36% to end at its highest close in 2023. The Dow Jones Industrial Average ticked 10.42 points higher, or 0.03%, pressured by health stocks Merck and UnitedHealth . Seven major S&P sectors finished Tuesday’s session with gains. The financial sector added 1.3%, boosted by regional banking stocks and bellwethers like Goldman Sachs and Morgan Stanley . Tuesday’s uptrend trailed last week’s blowout rally. However, continued modest gains instead of sharp pullbacks after a major upswing could signal more good news ahead, said Adam Sarhan, CEO of 50 Park Investments. “The fact that it refuses to fall to me is extremely bullish,” he said. “Normally, after a big run up, you see a market pullback, and when the market doesn’t pull back and goes sideways, that to me is very bullish.” A light period for economic data continues ahead of next week’s Federal Reserve policy meeting, with trade balance data due out before the bell Wednesday. Earnings from Campbell Soup and GameStop are also on deck.

Things to know before the stock market opens Wednesday:

  • The PGA Tour and LIV Golf strike a shocking merger deal.
  • The SEC sues Coinbase a day after charging Binance.
  • Canadian wildfire smoke creates unhealthy air quality in the U.S.

$FARM – Farmer Brothers announces agreement to sell direct ship business and Northlake, Texas facility to TreeHouse Foods

$YEXT – Update: Yext Swings to Fiscal Q1 Adjusted Profit as Sales Increase; Lifts Fiscal 2024 Guidance; Shares Surge Premarket

$CD – Chindata Group Announces Receipt of Preliminary Non-Binding “Going Private” Proposal For $8 /ADS In Cash

$GROV – We have been seeing stocks with reverse stock splits go on some big moves over the past few weeks so its worth keeping an eye on $GROV today to see if it ever gets attention. Support at this time is at $1.90

$VRA – Vera Bradley Q1 Adj. EPS $(0.09) Beats $(0.20) Estimate, Sales $94M Miss $99M Estimate


Personal Game Plans

$SPY Game Plan: I will be keeping a close eye on this $428 .73 level of resistance today. If we are unable to break above this level, I will look to short the $SPY back down into this uptrend around $428 . If we ever crack this uptrend we could see the $SPY drop on back down to $426 .50. However, if we break over $428 .73, I would enter calls as we could see the $SPY spike back up to Mondays high of day at $429 .59


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS