YESTERDAYS TRADER OF THE DAY
+2,000 in verified trading profits!
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.
Secure your spot now and get ready to grow these small accounts
🌟 Happy Money Thursday 🌟
Good morning and welcome to June! 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. Keep up the amazing work team and keep this momentum going.
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 💪
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
Dow futures inch higher after House passes debt ceiling bill https://www.cnbc.com/2023/05/31/stock-market-today-live-updates.html
Yesterdays top penny stocks:
$SDA $IDAI $RMTI $ELDN $ELTK $FUSN $NTRB $PLMR $SFWL $LYEL
Stock futures rose slightly Thursday after the U.S. House passed a debt ceiling bill in a crucial step to avoid a U.S. default, with the measure now moving it to the Senate. Futures on the Dow Jones Industrial Average were up 28 points, or 0.1%. S&P 500 futures gained 0.2%, and Nasdaq-100 futures were marginally higher. The Fiscal Responsibility Act passed by a vote of 314-117 with bipartisan support. Senate Majority Leader Chuck Schumer, D-N.Y., said he hopes “we can move the bill quickly here in the Senate and bring it to the president’s desk as soon as possible.” Concern over a possible U.S. debt default lingered on Wall Street throughout May — which concluded Wednesday. Last month was also marked by a dramatic rally in artificial intelligence-related stocks. The Nasdaq Composite ended May with a 5.8% gain as enthusiasm around AI continued to boost related stocks. Chipmaker Nvidia jumped 36% in May, briefly touching a $1 trillion market cap this week. Alphabet , Meta and Amazon all rose at least 10% during the month. Outside of tech, gains were hard to come by, however. The S&P 500 inched up 0.3% in the month, while the blue-chip Dow fell almost 3.5%, dragged down by Nike , Walt Disney and Chevron . “We have been impressed by the resilience of this market since the March low, absorbing a relentless onslaught of negative sentiment and headlines,” said Craig Johnson, chief market technician at Piper Sandler. Beyond the debt ceiling battle, investors are looking ahead to the Federal Reserve’s June 13-14 policy meeting as another possible market catalyst. Philadelphia Fed President Patrick Harker said Wednesday that he’s leaning toward skipping a rate hike at the upcoming gathering. However, he added that Friday’s payrolls report could change his mind. A slew of economic data is set for release Thursday, including weekly jobless claims and the purchasing managers’ index. Nordstrom jumped 7% in premarket trading after its fiscal first-quarter sales beat Wall Street’s expectations. Salesforce shares fell about 6% after the software company bumped up its full-year forecast but reported higher capital expenses than expected.
Things to know before the stock market opens Wednesday:
- The House intends to vote on the debt ceiling deal Wednesday.
- JPMorgan CEO Jamie Dimon called on China and the U.S. to iron out their differences.
- A.I. could pose a threat as serious as nuclear war, top scientists and executives warn.
$M – Macy’s Non-GAAP EPS of $0.56, revenue of $4.98B, cuts FY2023 outlook
$DG – Dollar General GAAP EPS of $2.34 misses by $0.05, revenue of $9.34B misses by $120M, revises outlook
$TGT – Target loses bull rating at JPMorgan with consumer headwinds piling up
$CRWD – CrowdStrike stock slides 10% premarket despite upbeat outlook, strong results
$AI – C3.ai stock slumps 20% premarket as guidance underwhelms amid AI hype
$AGBA – Article from 5/30/2023 – AGBA Group Presents Its Business Capabilities In Capturing Growth In The Greater Bay Area Of China
$HOTH – EF Hutton Assumes Hoth Therapeutics at Buy, Announces Price Target of $14
$QSG – QuantaSing Group Q3 Adj EPS $0.02, Sales $117.54M
$CHWY – MW Chewy stock skyrockets 14% after profit, sales top Wall Street views
$VEEV – Veeva Systems shares are trading higher after the company reported better-than-expected Q1 results and issued strong EPS guidance.
$MNPR – Monopar Announces Update From Its Currently Enrolling Multi-Center Open-Label Phase 1b Clinical Trial Of Camsirubicin
$VCIG – VCI Global engaged as consultant for RM600 million (approximately USD130 million) mixed development project in Melaka, Malaysia
Personal Game Plans
$SPY is having a hard time breaking over $419.14 resistance. We have hit this level 5 times in the past 24 hours and are still failing to get over it. If we cannot break $4198.14 today, I would be looking for the $SPY to crack this uptrend for a short position back down to $416.44. However, if we break $419.44, I would look for a long position back up to $420 then $422.50
$NVDA is sitting right at a KEY level of support here in pre-market. If we see a crack of this support level today ($376.71), we can start to see our next leg down on $NVDA . We would have room to drop on down to $366.35 then $346.47. However, if we are able to hold above $376.71 support we can see nice bounce and possible break of this downtrend. This is where I would be looking to get long for the next leg up. We would have room to $390 then $395.