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Hump Day May 17th 2023 Morning Stock Newsletter

FRIDAYS TRADER OF THE DAY

Katherine with a solid day trading $APLD. Locking in over $1,500 on a single trade!!!


🌟Good morning team! 🌟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. Despite seeing slow and choppy market conditions, we absolutely crushed it and saw some amazing profits inside of profits chat.

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!

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

Dow futures rebound by more than 100 points on debt ceiling deal hope https://www.cnbc.com/2023/05/14/stock-market-today-live-updates.html

Yesterdays top penny stocks:

 $XELA $APLD $GDC $CYCN $ANTX $UIHC $MEGL

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

Market Briefing:

Stock futures rose Wednesday as investors awaited news of developments in the negotiations between congressional leaders and President Joe Biden on the U.S. debt ceiling. Futures tied to the Dow Jones Industrial Average added 91 points, or 0.3%. S&P 500 futures and Nasdaq-100 futures gained 0.2% and 0.1%, respectively. The White House said Tuesday that Biden has directed staff to meet daily on outstanding issues. The president also canceled the second leg of an upcoming international trip given the negotiations, the White House said. House Speaker Kevin McCarthy said that a “better process” is now in place for further talks. He also said that it’s “possible to get a deal by the end of the week.” “People are going to try to be anticipating what the next headline will be,” said Sam Stovall, chief investment strategist at CFRA Research. “There’s a lot at stake, and, unfortunately, there’s not a lot that we can sort of guess as to what will happen.” Concerns over the potential of default weighed on investors in Tuesday’s regular session. The Dow led the major indexes down with a 1% drop, followed by the S&P 500 and Nasdaq Composite with respective losses of about 0.6% and 0.2%. Treasury Secretary Janet Yellen reiterated her warning that the government needs to raise the limit immediately as the country faces the possibility of defaulting as early as June 1. Disappointing quarterly revenue and a lower forecast for full-year performance from Dow member Home Depot also soured investor sentiment in Tuesday’s session. On the economic front, April retail sales were weaker than anticipated by economists polled by Dow Jones. In addition to tracking any updates on debt ceiling negotiations, investors will watch for data on housing starts and building permits on Wednesday.

$TGT – Target tops earnings expectations, even as sales barely budge and consumers watch spending

$DT – Dynatrace Non-GAAP EPS of $0.31 beats by $0.09, revenue of $314.48M beats by $9.84M

$RSKD – Riskified Non-GAAP EPS of $0.00 beats by $0.07, revenue of $68.91M beats by $0.16M

$NOW – ServiceNow plans first ever share buyback of up to $1.5B, shares rise +1% after hours

$SMFL – May 16, 2023 – NT 10-Q: Notification of inability to timely file Form 10-Q or 10-QSBOpen document https://www.sec.gov/Archives/edgar/data/1851860/000121390023040452/ea178686-nt10q_smartlife.htm $SMFL – May 16, 2023 – 424B3: Prospectus [Rule 424(b)(3)] https://www.sec.gov/Archives/edgar/data/1851860/000121390023040541/ea178741-424b3_smartforlife.htm

$EPOW – Sunrise New Energy FY EPS $(0 .90) Down From $(0 .36) YoY, Sales $38.13M Up From $7.41M YoY

$IMMP – Immutep’s Efti Combined With Pembrolizumab Achieves Initial Overall Survival Benefit In 1st Line Non-small Cell Lung Cancer

$SVRE – SaverOne Granted Key New Patent in the US which Bolsters its Position as a Transportation Safety Leader

We saw $XELA go on a massive move yesterday all due to a recent reverse stock split. Remember, penny stocks like to move in “trends”. For example, we just saw a low float China stocks rip for 2 weeks and prior to that we saw tons of moving average squeeze plays. If this gains traction, we need to be keeping a close eye on all upcoming reverse stock splits to be ahead of the curve.

$OCTO – Eightco’s Forever 8 Signs Inventory Management Agreement with Prominent Electronics Distributor Mobi-hub

$LPTX – HC Wainwright & Co. Reiterates Buy on Leap Therapeutics, Maintains $2.5 Price Target


Personal Game Plans

$SPY Game Plan: The $SPY has been moving less and less every day for the past week. This is because we are currently trading inside of a wonderful wedge. Current uptrend support is down around $410.50 with downtrend resistance around $412.50. We will keep it simple and continue to trade inside of this wedge until it breaks or cracks. I am looking for PUTS off downtrend resistance and CALL off uptrend support. I will rinse and repeat this process until we actually see a break or crack outside of this wedge. Until then, be calm and patient. The market is choppy and sometimes the best trade is NO TRADE.

$ELOX will be on watch today for the possible Mid Candle Breakout. Support is down at $6.32 with resistance at $8.97. A break over $8.97 is where volume will start to move back in and is where we can look for entries. We would have room back to $10.00, $10.91, $12.84 then $14.77-$15.00


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS