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HUMP DAYYY December 7th 2022 Morning Stock Newsletter

 

🌟Gooood Morning Team 🌟 Happy HUMP DAYYYY!!

WE ARE BACK!!!

I hope everyone had a great night and that you are ready for a great day ahead.

I am ready to lock in some BIG TIME PROFITS with the best trading team in the WORLD!!!

Live Stream is now up and Live Trade Commentary will begin at 9:00AM. 🚀 👏 📈 🔥

 


STOCKS WITH NEWS

Stock futures slip Wednesday as recession fears continue to batter market sentiment https://www.cnbc.com/2022/12/06/stock-market-futures-open-to-close-news.html

Inverse ETF’s to be watching today if we see more downside and volatility in the markets today $SQQQ $SPXU $UVXY $SDS

Mortgage demand falls again even as rates sink further https://www.cnbc.com/2022/12/07/mortgage-demand-falls-again-interest-rates-decline.html

$RNAZ – TransCode Therapeutics Shares Up 71% Premarket After Co Announced on Tuesday Withdrawal Of Registration Statement on Form S-1 Filed on November 28, 2022 for Up to 12.5M Share Offering

$MMAT – Meta Materials Announced FINRA Has Processed Corporate Action for Exchange of Series A Preferred

$CVNA – Carvana downgraded at Wedbush on rising bankruptcy risk

My top stocks for the day

$SPY game plan for the day. It all comes down to $390 today as this is the line in the sand and will determine if we get our $380 gap fill target from last weeks analysis or a re-test of the 200SMA. PUTS below $390 down to $385.61, $385.13, $382 then $380. If we hold $390 (Prior support and daily trendline) we can see a bounce back up to $393.45, $395, $398.20 and $400. Holding $390 support today CALLS to those over head levels of resistance.

$SMMT is still a HOT stock for today!!!! This is one of the biggest single day movers we have seen in a very long time as we closed up 194% on the day. Keep it SIMPLE team. Watch for a break of this downtrend off a level of support for an entry. Stops under support with post market highs as your main target. If we do see a break over post market highs of $2.78, we have room to $2.92-$3.00, $3.44 then $4.39


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS


Earnings this Week