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Hump Dayyyyy May 10th 2023 Morning Stock Newsletter

YESTERDAYS TRADER OF THE DAY

Another BIG day trading the Alpha Halt strategy! What a week Steve has had. Keep up the amazing work. You have earned those profits!!!


🌟Good morning team! 🌟Happy Hump Day!

I hope you all had a wonderful evening and are ready for a successful trading session today. Yesterday was an AMAZING day in the market. Despite seeing slow and choppy market conditions, we absolutely crushed it and saw some amazing profits inside of profits chat.

As always, remember that quality trades are the key to success in the market. It is important to stay focused and disciplined and let the best of the best trades come to us!

Live Stream is now up and The Pre-market Rundown will begin at 8:45AM. The morning Game Plan Session will start at 9AM followed by Live Market Training/Trading from 9:30AM – 11AM and Private Market Mastery Training from 11AM – 11:30AM 👏 👏 👏

Let’s have an amazing day team.


STOCKS WITH NEWS

Stock futures slip ahead of key inflation report https://www.cnbc.com/2023/05/09/stock-market-today-live-updates.html

Yesterdays top penny stocks 

$SFWL $CLRO $TCRX $YMAB $JYD $VYGR $SWIM

https://university.alphadaytrading.com/charts/?chId=3088

Market Briefing: The CPI hits ahead of trading, with economists predicting a 0.4% monthly rise, keeping the annual rate at 5%. The core CPI, ex food and energy, is forecast to have risen 0.4%, with the annual rate ticking down to 5.5%.

$UFAB is currently up with no fresh press release or filing. Last press release was on April 28th. Unique Fabricating, Inc. Receives NYSE American Low Selling Price Compliance Notice https://www.sec.gov/ix?doc=/Archives/edgar/data/1617669/000161766923000027/ufab-20230421.htm

$CTIC – CTI BioPharma Soars After Agreeing $1.7 Billion Sale. Biotech Deals Keep Coming. — Barrons.comhttps://seekingalpha.com/news/3968838-swedish-orphan-biovitrum-ab-to-acquire-cti-biopharma-for-910-per-share

$STSS – Aegis Capital Initiates Coverage On Sharps Technology with Buy Rating, Announces Price Target of $16

$UPST – UpstartEPS of $0.61, revenue of $103M beats by $3.25M https://seekingalpha.com/news/3968418-upstarteps-of-0_61-revenue-of-103m-beats-3_25m

$ADXN – Addex Announces ADX71149 Phase 2 Epilepsy Clinical Study’s Independent Interim Review Committee Recommends Continuing Study

$LI – Li Auto Q1 Adj EPADS $0.20 Beats $0.01 Estimate, Sales $2.74B Miss $2.75B Estimate

$TWLO – Twilio stock slumps 16% as analysts digest continued growth slowdown


Personal Game Plans

$STSS game plan – I am looking for an entry down at $1.14 support assuming we bounce. Stops would be no more than $0.10 with a target at $1.50. This is $0.10 of risk with $0.35 of reward!

$SPY game plan – IT all comes down to CPI data at 8:30AM. The market has been slow and choppy these past 2 days leading up to this data. I do expect to see some volatility today and a sizeable move whether that be up or down. If we have positive CPI data and break this downtrend from Monday, we can see the $SPY move back up to $413.50 then $415. However, if we can worse than expected numbers, we can see the $SPY stay below this downtrend resistance and drop on down to fill the daily dap at $407.27


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar

It is a big day for the market team. We have CPI data being released at 8:30AM


PRIOR DAY TOP GAINERS