🌟🌟Gooood Morning Team 🌟🌟 It’s Humpppp Dayyyyy 🐪 and I am ready for another exciting day of trading!
I hope everyone had a great night and that you are ready for a great day ahead. Yesterday was a bit on the slower/choppier side and there was not tons of great opportunity. Our #1 top gainer yesterday was $HOUR that closed up 31% on the day. We have been seeing stocks rip 100%+ in a single day so it is very clear traders are more or less sitting on the sidelines right now. Be smart and trade safe! When the market is slow and choppy it may be best to sit out to avoid any unnecessary losses.
We have a lot going on this week and that could be why small caps are slow. We have the conclusion of the FED meeting today at 2PM so we will see how the market reacts to that. This week is also triple witching week which brings in more volume and volatility. Today will most likely be on the slower side until the conclusion of the Fed meeting.
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Get 🔥 FIRED 🔥up team because we are hitting it hard today.
STOCKS WITH NEWS
This week is Triple Witching which can bring in more volume and volatility (On the third Friday of every third month, multiple derivatives products expire, giving rise to greater than normal trading volumes. It’s commonly called “triple witching” day) https://www.thebalance.com/triple-witching-1031135
Mortgage demand falls as interest rates surge to multiyear highs https://www.cnbc.com/2022/03/16/mortgage-demand-falls-as-interest-rates-surge-to-multiyear-highs.html
Dow futures jump 300 points as Wall Street tries to rally for a second day, Fed decision ahead https://www.cnbc.com/2022/03/15/stock-market-futures-open-to-close-news.html
$BILI Bilibili to Pursue Voluntary Conversion to Dual-Primary Listing on The Main Board of The Stock Exchange of Hong Kong Limited https://newsfilter.io/a/7909b76b9b8ccba92d780a52e6563d59
$WDH Waterdrop Inc. to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 23, 2022 https://newsfilter.io/a/eeb953427049cde64bebbe6a78458bcc
$SONN Sonnet BioTherapeutics Announces FDA Clearance of Its IND for SON-1010 for the Treatment of Advanced Solid Tumors https://newsfilter.io/a/6c7e6172e71046e42b4b1967d93aa62b
$METX Meten Holding Group Ltd. Announces Strategic Alliance to Explore Opportunities in Blockchain and Digital Currency Industries https://newsfilter.io/a/d9ae46c6ab5399e3677a62984d6df658
My top stocks for the day
$SONN is making a huge move to the upside. Currently up 95% as they announced FDA Clearance News. Best support right now is back down at $0.45 BUT $0.50 natural support may hold on up as well. Top resistance is $0.59 then $0.72 (200SMA)
$RCAT is on HIGH WATCH today for the MCB. This stock had great news on Monday and spiked over 50% to the upside. We are looking for the break over $2.43 to see some action and volume move in. We have room to $2.57, $2.74, $2.91 and $3.00. Support right now is back down at $2.23!
$KALA had a pretty decent day yesterday. $1.55 support held strong and we broke clean above Mondays highs. As long as we hold above $1.70-$1.78 we can see $2 then $2.28 next. IF we ever break over $2.26 we have room to the 200SMA at $2.58
$SONM will be a stock worth watching to see if it sets up for a MCB tomorrow. This stock had a great day yesterday running 100% to the upside. We are currently gapping down $0.24 here in pre-market which is what we want to see for the possible MCB. As long as we sit sideways today, we have great potential for tomorrow!
Small Cap Oil/Gas/Energy stocks that can start to move again
Oil is still falling back down towards $100. If we continue to see oil fall we will NOT see action with $IMPP $INDO $ENSV or any other oil/energy/gas small cap stock. However, if we ever start to see oil rip again, we will see those small cap stocks start to get some attention.
PRE MARKET GAPPERS
PRIOR DAY TOP GAINERS
Earnings this Week