🌟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.
🌟 Live Stream begins at 7am EST with Live Trade Commentary starting at 9am 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!😎
Get 🔥 FIRED 🔥up team because we are hitting it hard today.
Yesterdays trader of the day – Kamal with a $19,000 profit
STOCKS WITH NEWS
8:30AM is when the crucial Consumer Price Index report will drop and give us inflation data for April. Economists expect price growth to have dipped slightly from its roaring 8.5% pace in March.
We are looking at 2 metrics, CPI month over month and CPI year over year. Currently the market has priced in 0.2% month over month and 8.1% year over year. If we come in any higher than these expectations, watch for the market to sell off as that tells us inflation is still on the rise. If we come in at or lower than expectations, watch for the markets to rally as that tells us inflation possibly peaked last month!
$ELBM – Shares of Electra Battery Materials Traded as High as $17.03 Premarket; Company Provided an Update on Monday on its Cobalt-Copper Mineral Project in Idaho
$ENVB – NASDAQ-Listed Enveric To Split Into Two Companies, One For Cannabinoids, One For Psychedelics
$VERU – Veru stock soars after FDA agrees COVID-19 treatment can be submitted for EUA application. 64M float trading 6.6M shares vs 18M average.
$XCUR – Exicure Announces $5 Million Raise in Private Placement Transaction Priced at Market Premium
$RBLX – Roblox shares are trading lower after the company reported worse-than-expected Q1 EPS and sales results.
$SOFI – SoFi shares are trading lower after the company issued Q2 guidance below estimates.
My top stocks for the day
Key levels for the $SPY . $405-$406 resistance. Good CPI data could lead to a break of this level and a relief rally to $410.78 then the daily downtrend. If we ever break over the daily downtrend we can see the $SPY up to the $430’s. Worse than expected CPI data could cause the $SPY to fall back down to $394.82. If we crack that level of support, we have room to fall to $385.72
PRE MARKET GAPPERS
PRIOR DAY TOP GAINERS
Earnings this Week