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HUMP DAYYYY August 10th 2022 Morning Stock Newsletter

🌟Gooood Morning Team 🌟

It’s Humpppp Dayyyyy 🐪 my FAVORITE trading day of the week. I am ready for another exciting day of trading and cannot wait to see what the market has in store for us! 

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

🌟 Live Stream begins at 7am EST with Live Trade Commentary starting at 9:00AM EST. 🌟

Today is a VERY IMPORTANT day for the market as we will be getting CPI data at 8:30AM! Make sure you are prepared as there could be some great opportunity on an inverse ETF such as $TQQQ/$SQQQ in pre-market!


Yesterdays Top Gainers: $TSL $AERC $BBQ $VRNA $FAZE $MRSN

Stock futures flat as investors brace for July inflation report

$SPY – A typical bear market would wipe another 1,000 points off the S&P – Credit Suisse

$TSVT Bristol Myers Squibb and 2seventy bio Announce Topline Results from KarMMa-3 Trial Showing Abecma (idecabtagene vicleucel) Significantly Improves Progression-Free Survival Versus Standard Regimens in Relapsed and Refractory Multiple Myeloma

$MGAM Mobile Global Esports (NASDAQ:MGAM) Announces Exclusive Compression Technology Partnership for Upcoming Indian Esports Social-Gaming Platform

$GMTX Gemini Therapeutics and Disc Medicine Announce Merger Agreement

$TSLA – Elon Musk backtracks on stock pledge, sells $7B of Tesla before Twitter court fight

$LOTZ – Shift Technologies to Buy CarLotz in Shares; Both Shares Up Sharply After-Hours

$SSNT – SilverSun Technologies Inc. shares rose 17% to $4.30 after hours following a 19% increase during the regular session. The company didn’t appear to issue any press releases or securities filings Tuesday.

$MEGL – Magic Empire Global Limited Announced Closing of Initial Public Offering

$QNGY – Quanergy Systems Secures ‘Multi-Million Dollar Order’ From Prime Secured

My top stocks for the day

If we see the $QQQ drop below $315.50 support today I will look to play PUTS down to $312.11 then $310. If we do not crack on down today and see support hold followed by a break over $318.8 resistance, I will look to play CALLS to $321.94 and $324.59

$SPY still has that KEY level of support down around $407.62. If we see that level crack today I will play PUTS down to $402.70 then $399. If we see the markets move higher today, I will look for the $SPY to break back over $413.25 resistance and play CALLS to $417

As long as $LOTZ holds above $0.70 support, we have potential to see buyers step back in for our next leg up to $0.80 , $0.86 then $1.00

HIGH ALERT: We have a possible GAP FILL BOUNCE today on $AMTD . We have been dumping over the last 6 days from $12.90 down to the daily gap at $2.33. If we start to see buyers move into this play we can see our next leg up to $2.75, $2.93-$3.00, $3.30 then $3.80. Stops would be under $2.30


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