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HUMP DAYYYY August 31st 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. 🌟

Chat is open 24/7 so drop by anytime if you need any help or just want say hello. We will always be here to help!😎

 


STOCKS WITH NEWS

Yesterdays Top Gainers $MGAM $INAB $PETZ $FRGE $BWV $AOUT

Most shorted stocks $BBBY $ICPT $PHAT $VERU $SKYH $GRPN $APRN $BGFV $UPST $FSR

Stock futures tick higher as Wall Street tries to recover from third straight day of losses https://www.cnbc.com/2022/08/30/stock-market-futures-open-to-close-news.html

$NUWE – Nuwellis Shares Up 44% After Co. Announced New Clinical Data Demonstrating 100% Survival At 30 Days Following Use Of Ultrafiltration in High-Risk Postoperative Coronary Artery Bypass Grafting Patients

$NOGN – New IPO from yesterday

$HOUR – No news or recent filings. 7% short interest

$KALA – SCHEDULE 14A https://www.sec.gov/Archives/edgar/data/1479419/000110465922096093/tm2224754d1_pre14a.htm

$BBBY – Bed Bath & Beyond shares crater after meme stock files share offering of undisclosed amount https://www.cnbc.com/2022/08/31/bed-bath-beyond-shares-crater-after-meme-stock-files-share-offering-of-undisclosed-amount.html

$LGVN – EXCLUSIVE: Longeveron’s Lomecel-B Product Gets US FDA Fast Track Designation For Treatment Of Hypoplastic Left Heart Syndrome in Infants

$SRNE – Sorrento Unit Scilex Announced Late Tuesday the FDA Granted Fast Track Designation for SP-103 (Lidocaine Topical System) 5.4%, Next Generation Triple Strength Formulation of ZTlido, for the Treatment of Acute Low Back Pain (LBP)

$AQST – Aquestive Therapeutics Receives FDA Tentative Approval For Libervant Buccal Film

My top stocks for the day

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

$SNTG is on HIGH WATCH for the possible mid candle breakout today! Support is down at $3.36 and we need to see a break over $3.76 before volume starts to move in. If we can break $3.76 I will get long to $3.99. $4.12 then $5.00

$AVYA is on HIGH WATCH for the moving average squeeze swing trade opportunity. This was a stock we were discussing last week and that it had potential to set up for a nice swing trade. We are setting up perfectly and are squeezing between the 20EMA and 50SMA on the daily. I will be looking for entries today on this stock with stops below the 20EMA. We have a $2.00 target then $2.66. This is a 58M float stock with 25% of its float currently short.


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS


Earnings this Week