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Money Monday April 10th 2023 Morning Stock Newsletter

THURSDAYS TRADER OF THE DAY

Kamal with a MASSIVE $3400 in verified profits on $IMPP. Way to crush it and lock in some AMAZING profits.


Good morning team and happy Money Monday! I hope you all had a wonderful Easter Sunday and are ready to get rocking for an amazing trading week. 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! So let’s all approach today’s trading session with a positive attitude and a commitment to taking only quality trades. Here’s to a great Money Monday in the market!

Trade Commentary will begin at 8:30AM.   


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Josh Howerton


STOCKS WITH NEWS

Market Briefing – Stock futures are stable ahead of key inflation data and the kickoff of earnings season https://www.cnbc.com/2023/04/09/stock-market-today-live-updates.html

Treasury yields fall after data shows U.S. job growth slowed in March https://www.cnbc.com/2023/04/10/treasury-yields-fall-after-data-shows-us-job-growth-slowed-in-march.html

$PLXP filing from Thursday – SCHEDULE 13G – https://www.sec.gov/Archives/edgar/data/1497504/000149315223011138/formsc13g.htm

$JFBR is currently up $69% with no news or filings. This is a low float stock (3M) trading 10x its average daily volume here in pre-market. KEY support is back down at $1.00 with light support here at $1.20. We can see this stock get up to $1.50-$1.56 today!

$GCTK – 8K filing from Thursday – https://www.sec.gov/ix?doc=/Archives/edgar/data/1506983/000149315223011261/form8-k.htm

$AAPL – Apple slips as IDC says Mac shipments fell 40% year-over-year amid PC weakness

$TSLA – Tesla faces prospect of class action suit amid privacy concerns

$TSM – Taiwan Semiconductor Manufacturing post monthly revenue drop


Personal Game Plans

$IFRX is on HIGH WATCH today for the possible Mid Candle Breakout. This stock has been on FIRE the last 3 days spiking on up from $2 all the way to $7.00+. We are looking for this stock to stay above $5.26 support today. If we ever see a break over $6.15, I would look to take this long as this is where traders will start to really step back in. We have potential to spike on up to $7.24 then $8.75

$SPY game plan for today. This is going to be a BIG week for the market. We have Inflation Data being released Wednesday at 8:30AM followed by FOMC Minutes at 2PM. This is when the market will really start to become volatile and give us some amazing trading opportunities. Until then, I expect us to remain range bound between there 2 KEY levels $405.75 bottom support and $411.32 resistance. I do not see us breaking above or cracking below these 2 levels until we get Inflation Data Wednesday. SO, we are simply looking to trade in between these levels today and tomorrow. For today, I’d like to see us come back down to $407.43 (light support) before getting involved. If we hold this level of support, I will look to trade the $SPY long to $409.43 then $411.32. However, if we crack below $407.43, I will look to trade the $SPY short down to $405.75. Very simple and easy day team.


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar

Not much in the calendar until Wednesdays Inflation Print


PRIOR DAY TOP GAINERS