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HUMP DAYYYYY May 24th 2023 Morning Stock Newsletter

FRIDAYS TRADER OF THE DAY

Chris had an amazing day trading $PACW. Over $1,200 of verified profits locked in. Way to go Chris!!!


The 2023 Small Account Challenge start date has been determined.

That’s right, we are hosting another small account challenge for the 2023 trading year. We will be growing a small $1,000 account into over $30,000 by the end of the year. Members have decided that we will be growing our $1,000 account through options trading! We will officially begin the small account challenge Monday June 5th and run it into the end of the year. All trades will be streamed live and all trades will be logged and tracked. You will see exactly what I trade and how trades are reviewed to make adjustment along the way as needed. This will also give us insight on when to start sizing up to lock in bigger profits as the account grows.


🌟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. We absolutely crushed it and saw some amazing profits inside of profits chat.
Today is a BIG day for the market team. We have FOMC minutes being released at 2PM today. Expect to see the market a bit on the slower side leading up to this economic data release.
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 as investors eye debt ceiling clash in Washington https://www.cnbc.com/2023/05/23/stock-market-today-live-updates.html

Yesterdays top penny stocks:

$CWBR $HTCR $LFCR $LPCN $TKNO $OCEA $ICVX 

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

Market Briefing:

U.S. stock futures fell slightly Wednesday as investors kept an eye on debt ceiling negotiations. Futures linked to the Dow Jones Industrial Average fell by 151 points, or 0.5%. S&P 500 futures declined by 0.4%, and Nasdaq-100 futures were down 0.3%. Negotiators for both sides were expected to meet again Wednesday morning, according to Reuters. Treasury Secretary Janet Yellen previously warned lawmakers that a potential default in early June is “highly likely.” House Speaker Kevin McCarthy said he had a “productive” discussion with President Joe Biden on Monday. Nonetheless, there were few indicators of progress made in negotiations on Tuesday. Even if Washington’s officials were to raise the debt ceiling, however, markets could be roiled, according to Bill Merz, head of capital markets research at U.S. Bank Wealth Management. That’s because the Treasury will need to issue a lot of debt to replenish its general account, he said. “The impact of that is likely to remove liquidity from the broader capital markets,” Merz said. “Especially more recently, [that] has really overlapped with, or it has correlated with, S&P 500 in general stock performance,” he continued. “Especially more recently, [that] has really overlapped with, or it has correlated with, the S&P 500 in general stock performance,” Merz said. On the economic front, investors will be watching for the minutes from the Federal Reserve’s meeting earlier in May. They will be released Wednesday afternoon. Investors will also be looking toward more earnings announcements. Clothing retailer American Eagle Outfitters and semiconductor giant Nvidia will be posting their results Wednesday after the bell. The three major averages fell during Tuesday. The S&P 500 lost 1.12%, while the Nasdaq Composite and the Dow Jones Industrial Average declined 1.26% and 0.69%, respectively.

$XPEV – Xpeng stock drives lower on widening losses, weak sales forecast https://seekingalpha.com/news/3974494-xpeng-stock-drives-lower-on-widening-losses-weak-sales-forecast

$SPY $QQQ Biden, McCarthy end meeting with no debt-ceiling deal, negotiations will continue https://seekingalpha.com/news/3974036-biden-mccarthy-end-meeting-with-no-debt-ceiling-deal-negotiations-will-continue

$ADI – Analog Devices Non-GAAP EPS of $2.83 beats by $0.07, revenue of $3.26B beats by $50M

$NVDA – Nvidia Q1 2024 earnings on deck, what to expect https://seekingalpha.com/news/3974262-nvidia-q1-2024-earnings-on-deck-what-to-expect

$KSS – Kohl’s GAAP EPS of $0.13 beats by $0.54, revenue of $3.57B beats by $200M https://seekingalpha.com/news/3974505-kohls-gaap-eps-of-0_13-beats-0_54-revenue-of-3_57b-beats-200m

$MPW – Medical Properties Trust tenant Prospect closes $375M in new financing https://seekingalpha.com/news/3974412-medical-properties-trust-tenant-prospect-closes-375m-in-new-financing

$BNS – Bank of Nova Scotia Non-GAAP EPS of C$1.70 misses by C$0.08, revenue of C$7.93B misses by C$80M https://seekingalpha.com/news/3974472-bank-of-nova-scotia-non-gaap-eps-of-c170-misses-by-008-revenue-of-c793b-misses-by-c80m

$BMO – Bank of Montreal Non-GAAP EPS of C$2.93 misses by C$0.30, revenue of C$8.44B beats by C$180M https://seekingalpha.com/news/3974481-bank-of-montreal-non-gaap-eps-of-c293-misses-by-c030-revenue-of-c844b-beats-by-c180m

$UTRS – News from yesterday – Minerva Surgical Granted U.S. Patent #11653972 Today For “Medical Systems And Methods (For Resecting And Extracting Tissue)”. https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11653972

$EEIQ – EpicQuest Education’s Davis College Signs Non-binding Memorandum Of Understanding With Chongqing College Of Electronic Engineering For A Period Of Five Years And Can Be Renewed Thereafter. https://www.prnewswire.com/news-releases/epicquest-educations-davis-college-signs-mou-with-chongqing-college-of-electronic-engineering-301831470.html

$APGN – Pyxis Oncology Buys Apexigen in Deal Valued at $16 Million. Pyxis Oncology said Wednesday it is buying Apexigen in an all-stock transaction for an implied value of 64 cents an Apexigen share.

$UFAB – news from yesterday – Unique Fabricating shares are trading higher after the company announced an accommodation agreement and new forbearance agreement to support a restructuring or sale.

$RTL – Global Net Lease and The Necessity Retail REIT Late Tuesday Announced Merger Agreement; All-Stock Transaction.

$SMFL – news from yesterday – New to The Street Signs Smart for Life, Inc. to Six Part Series, Contract Includes Iconic Billboard and Commercial Ads

$GCT – GigaCloud Tech Q1 EPS $0.39 Up From $0.13 YoY, Sales $127.80M Up From $112.40M YoY


Personal Game Plans

$PACW is on HIGH WATCH here in pre-market for the break of the downtrend on point 4. Support at this time is down at $7.56. We have room to $8, $8.21 then $8.50

$PLTR is on HIGH WATCH as well for the break of this downtrend here in premarket. We have bottom support down at $12.10 at this time. If we break the downtrend, we can see a spike back up to $12.75-$12.80, $13.00 then $13.30-$13.42

I am looking for a short position this morning on $EEIQ up at $3.63 if we see a quick spike up to that level

$AAPL is looking good to the long side today as long as we stay above $170. We are currently sitting at very strong support as well as our uptrend that goes back to to the Jan lows. As long as we hold above these 2 KEY levels, I will play CALLS for a bounce back up to $174. However, if we crack this uptrend we could start to see a massive dump on off as we have not fell below this trendline at all in the past 5 months. If we crack the uptrend, I will look to swing some PUT contracts as we have room to drop down to $165 to fill our daily gap.


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar

FOMC Minutes released today at 2PM


PRIOR DAY TOP GAINERS