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Money TUESDAY August 9th 2022 Morning Stock Newsletter

🌟🌟 Goooooood morning Team and Happy MONEY Tuesday  🌟🌟

Welcome back to the BEST Trading Community in the WORLD 😎 I hope everyone has a wonderful evening and that you are all ready to attack this day.

Only one more until we get highly anticipated inflation data. We may experience another slow/choppy day today BUT tomorrow is where the action begins!!!

Live Stream is now up and Live Trade Commentary will begin at 9:00AM.  🚀👏📈 🔥


STOCKS WITH NEWS

Yesterdays Top Gainers: $ACAC $TOP $KRTX $MCVT $BNSO $HSCS

S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline https://www.cnbc.com/2022/08/08/stock-market-futures-open-to-close-news.html

$SRT Form SC 13D/A – filed by Startek, Inc. https://newsfilter.io/a/95d92052ffc67e5e575cdf6626458134

$KRTX Mizuho Maintains Buy on Karuna Therapeutics, Raises Price Target to $276 https://newsfilter.io/a/0cdf155e3609213904c48e3be8429a8f

$NLSN Nielsen Postpones Court and Special Meetings of Shareholders to Permit Finalization of Preliminary Agreement Between Consortium and WindAcre https://newsfilter.io/a/e659bc6ff75c04080ec1bd7fcaa83d04

$VRNA Verona Pharma Announces Ensifentrine Meets Primary Endpoint in Phase 3 ENHANCE-2 Trial for COPD https://newsfilter.io/a/04f7b004b0d422615fdaa25191f0081d

$EBIX With Worldwide Revenues (Excluding Pre-Paid Cards) in Q2 2022 Increasing 32% Year-over-Year, Ebix Announces Q2 2022 Results https://newsfilter.io/a/e22c42f0721caec306e0667e1d8f6e6b

My top stocks for the day

$VRNA is our #1 stock at this time (Meets Primary Endpoint in Phase 3 ENHANCE-2 Trial for COPD) Bottom support is back down at $10 with top resistance at $12.75. If buyers can push this stock over $12.75 we can see $15.00 next. 41M FLOAT trading 2M shares here in pre-market

$HLBZ was one of yesterdays top gainers that will be on HIGH WATCH today. We have potential to $2.40 and $2.60. Bottom support is back down at $1.87.

My plan today on $HLBX : I am looking to start a position down around yesterdays high at $1.87 (support) and if we fall below yesterdays high, I will look to add near the trendline (($1.75). We are looking for one of these two levels to hold, break back over $2.00 to see our next leg up to $2.25, $2.40 then $2.60

My plan today on $TUEM : Looking for entries down around $0.55 support with stops under $0.50. We want to see a nice bounce off this level for the next leg back to $0.84 then $1.00

My plan today on $VRNA : I am looking for an entry down around $9.90-$10.00 with stops below $9.50. We want to see this strong level of support hold and for buyers to move back in. My targets are $11.00, $12.00, $12.40-$12.75 then $15.00

As long as we stay below $412.50 today on the $SPY I am looking for PUTS down to $409.36 then $407.19

We are looking for $QQQ to crack below $318.29 today for PUTS down to $314 then $311.86. If we bounce off $318.29 support today we will play CALLS to $322


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS


Earnings this Week