FRIDAYS TRADER OF THE DAY
Another BIG SHOUT OUT to all traders who made some amazing profits Friday
Good morning team, and happy Money Monday!
I’m excited to be back and eager to get to work with you. I hope you all had an amazing Mothers Day weekend and enjoyed your time with your loved ones.
This is going to be a big week in the market, and I can’t wait to see you all locking in some amazing profits! Live Stream is now up and The Pre-market Rundown and Morning Game Plan Session will start at 8:45AM followed by Live Trading from 9:30AM – 10:30AM and Private Market Mastery Training from 10:30AM – 11:30AM 👏 👏 👏
Let’s have an amazing day team.
STOCKS WITH NEWS
Dow futures rebound by more than 100 points on debt ceiling deal hope https://www.cnbc.com/2023/05/14/stock-market-today-live-updates.html
Yesterdays top penny stocks:
$GSIT $SPRY $IPA $AIRS $MHUA $BLBD $DRMA
U.S. stock futures rose on Monday following back-to-back weekly losses for the Dow Jones Industrial Average and S&P 500 as investors hoped Democrats and Republicans would reach a debt ceiling deal. Dow futures gained 117 points, or 0.43%. S&P 500 futures climbed 0.4%, and Nasdaq 100 futures advanced 0.3%. The S&P 500 and Dow lost 0.3% and 1.1%, respectively, last week with the Dow falling for five sessions in a row. The S&P 500′s two-week losing streak is its first since February amid worries about a recession and lack of debt ceiling talk progress. Treasury Secretary Janet Yellen hinted over the weekend that the U.S. would avoid a default. “I’m hopeful. I think the negotiations are very active. I’m told they have found some areas of agreement,” said Yellen in an interview with the Wall Street Journal on Saturday from Japan during a meeting of G-7 finance ministers. Yellen told CNBC last week that failure to hatch an agreement on the debt ceiling would “produce financial chaos” with Treasury currently giving June 1 as the date when it could fail to meet its obligations. President Joe Biden and House Speaker Kevin McCarthy are expected to meet early this week, CNBC has reported. Wall Street on Friday absorbed a preliminary reading from the University of Michigan that showed consumer sentiment falling to a six-month low as debt ceiling negotiations drag on and as inflation continues to linger. On Monday, investors are watching for the May data for the Empire State Index, which will show how New York State manufacturers feel about the economy. Economists polled by Dow Jones are expecting a reading of 1.0, which would be lower than the 10.8 level in previous data.
$WISA currently gapping up 51% on no news or filings. Most likely moving ahead of earnings tomorrow. WiSA Technologies, Inc. to Host First Quarter 2023 Results Conference Call at 5:30 am Pacific Time | 8:30 am Eastern Time on May 16th
$ALGS – Aligos Therapeutics Announced Friday A Research Collaboration And Development Agreement With Xiamen Amoytop Biotech Co. Ltd. For Use Of Aligos’ Oligonucleotide Platform For Treatment Of Liver Diseases
$SRPT – FDA AdComm Narrowly Supports Approval Of Sarepta’s Gene Therapy For Rare Neuromuscular Disorder
$TSLA – Tesla to issue software fix for more than 1.1M vehicles in China
$OKE and $MMP – Oneok to buy Magellan Midstream Partners in deal valued at $18.8B
Personal Game Plans
$SPY Game Plan: I will be keeping a very close eye on this multi day downtrend as well as our uptrend from Friday. We we cannot break through the downtrend, we will most likely see this uptrend crack and is where I want to be getting short. We can see the $SPY drop all the way back down to $409.06. However, if we break this downtrend, we can see the $SPY spike on up to $414.46 then $415 resistance. (Edited)
$TSLA Game Plan: As you can see, we just cracked our multi day uptrend Friday and retested it as resistance here in pre-market. I would like to get short below $166.82 today on $TSLA . We have room to drop down to $165 then $162.96. However, if we cannot crack below $166.82 support, I would consider taking it long for a bounce back up to $170