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HUMP DAYYYYY February 1st 2023 Morning Stock Newsletter

 

Happy HUMP DAYYYY!!! Welcome to February ladies and gentlemen.

Today marks the start of a brand new day and a brand new month. It is going to be an amazing month and I am so excited to see what the market has in store for us. There is no better way to start the month team. We have the FED interest rate decision today followed by the first FOMC press conference! Its going to be an action packed day 1 of February!!!!! Let’s get to work and get prepared for today. WWWWWOOOOOOOOOOO


STOCKS WITH NEWS

Stock futures fall on Tuesday, but S&P 500 headed for best January since 2019 https://www.cnbc.com/2023/01/30/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

Yesterdays Top Gainers $MGSM $MGAM $ATCX $EDBL $PALI

Keep $BXRX and $NUWE on HIGH watch. If we see a PR drop for any reason we could see this turn into a supernova play like $MSGM . Under 1M in float with 10% short interest (same as $MSGM )

$MITQ – Moving iMage Technologies Announces First Esports Orders From SNDBX

$MRIN – Marin Software to Integrate Yahoo Advertising Platform to Optimize Advertising Campaigns

$PTON – Peloton Interactive (NASDAQ:PTON) gained after reporting FQ2 results showed revenue ahead of expectations and a narrowed operating loss. Despite seasonally strong hardware sales, for the third consecutive quarter, Peloton noted that it generated more revenue from subscriptions than we did from hardware sales. The company said that trend is gross margin accretive because subscription gross margins significantly exceed hardware gross margins. If this trend continues, it is said to represents a structural shift toward improving gross margins in the business.


Personal Game Plans

$AMD is currently up 3.6% off earnings (Q4 results top expectations, forecast not as bad as feared). We have a solid MA squeeze setting up on the daily which could lead to a break and big time spike on up. We have a small gap that could be filled up between $81.47-$83.46. If we start to squeeze over the 200SMA as well as over $80 resistance, I would look to play CALLS up to that daily gap fill level. Possible day trade that could turn into a swing trade so position yourself correctly by going 30-45 days out on your options. JPOWELL’s press conference will be the deciding factor if we can see this play out or not. If the markets have a positive reaction, we have great odds for this to squeeze and confirm our trade. However, if uncle Powell says something the market does not like and we have a negative reaction, we would have to scratch this trade idea.

$LCID is still on HIGH WATCH for the possible MCB team!!!!!!!!!!


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS


Earnings this Week