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HUMP DAY May 3rd 2023 Morning Stock Newsletter

YESTERDAYS TRADER OF THE DAY

A BIG round of applause to Allen for just having his biggest single in the stock market EVER! Allen locked in a massive $5,815 on the day trading S&P500 futures. Keep up the amazing work 💪


🌟 Good morning team! 🌟

Happy Humppp Dayyyyy!

I hope you all had a wonderful evening and are ready for today’s trading session. I am excited to get to work and have some fun with the best trading community in the world. Let’s get ready for an awesome day! 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!

MAY THE MARKET BE WITH YOU ALL 🔥

Live Stream is now up and The Morning Game Plan Session will start at 9AM 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 rise slightly as investors await Fed rate decision https://www.cnbc.com/2023/05/02/stock-market-today-live-updates.html

Yesterdays top gainers $VCIG $MINM $ASNS $LEJU $HOUR $INBS $AGBA $OCTO

Here’s what to expect from today’s Federal Reserve announcement. Markets have priced in a near-100% probability that the Fed will approve a quarter percentage point increase at the conclusion Wednesday of its two-day meeting. https://www.cnbc.com/2023/05/03/heres-what-to-expect-from-todays-federal-reserve-announcement.html

$CVS – CVS Health Non-GAAP EPS of $2.20 beats by $0.11, revenue of $85.3B beats by $4.63B

$PACW – Regional bank stocks still vulnerable as selloff continues at PacWest, Western Alliance

$PERI – Perion Network Non-GAAP EPS of $0.60 beats by $0.10, revenue of $145.15M beats by $3.8M

$AMD – AMD slumps as weak outlook outweighs strong Q1 results

5/1/23 PR $APM – Aptorum Therapeutics Unit to Merge DNA Sequencing Firm

$IMGN – ELAHERE® Demonstrates Overall Survival Benefit in the Phase 3 MIRASOL Trial in Patients with FRα-Positive Platinum-Resistant Ovarian Cancer

5/1/23 PR $KRBP – Kiromic Says FDA Authorized Investigational New Drug (IND) Application To Begin Phase 1 Clinical Trial To Evaluate Deltacel (KB-GDT-01) For Patients With Non-Small Cell Lung Cancer (NSCLC)

$AKLI – Akil Announced Adults with ADHD See Significant Improvements in Attention, ADHD Symptoms, and Quality of Life in Clinical Trial of Akili’s EndeavorRx Video Game-Based Therapeutic


Personal Game Plans

$SPY GAME PLAN – Today is a BIG day for the market. We have ISM Services PMI data being released at 10AM then the FED Interest Rate Decision at 2PM followed by the FED Press Conference at 2:30PM. My plan is to sit back and remain patient. We know this morning will be slower and choppy as it historically is leading up to the FED Interest Rate Decision.

Resistance at this time is up at $413.61. If you are looking to short the $SPY today, I would wait until after 10AM data as well as waiting for the $SPY to get to $413.61 resistance. This would be the lowest risk entry as stops would go just over that level of resistance.

Support at this time is down at $407.86. If you are looking for a bounce play on the $SPY today, that would be the level to get involved.

Overall, I do not expect to see too much action until 2PM then 2:30P. This is where things will start to get very volatile and will most likely be where the best trades of the day are. This morning I will be focusing on small cap pennies as we have been in a HOT market these past few weeks.


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar

Today is a BIG day for the market. We have ISM Services PMI data being released at 10AM then the FED Interest Rate Decision at 2PM followed by the FED Press Conference at 2:30PM


PRIOR DAY TOP GAINERS