Good morning Team and Happy Friday I hope everyone had a FANTASTIC evening and that you are all ready for another great day ahead!!! Remember to ALWAYS trade smart and lock in profits when you have them! Fridays are the toughest trading days of the week due to the lack of news and volume in the market! Come in, find the best opportunity and attack it! Let’s end this week strong and profitable team! Live Stream is now up with Live Trade Commentary starting at 9:00AM.
TRADER OF THE DAY
@SteveCarbee King of the Halt strategy! Proof that focusing on your edge and refining it truly pays off!!
Way to trade!!
STOCKS WITH NEWS
Dow futures dip slightly, but Wall Street still heads for a winning week https://www.cnbc.com/2023/03/16/stock-market-today-live-updates.html
Yesterdays top gainers $CRBP $THMO $PCT $LIPO $KTRA $GNLX
$FDX – FedEx shares higher on analysts upgrade after FY2023 guidance boost
$XPEV – Xpeng misses on Q4 earnings as vehicle margins shrink
$AQN – Algonquin Power & Utilities Non-GAAP EPS of $0.22 beats by $0.02, revenue of $748M beats by $44.46M
$ENZ – Enzo Biochem shares are trading higher after the company announced it will sell its clinical laboratory to Labcorp.
$HSTO – Histogen Announces Issuance Of US Patent Covering CTS-2090 Methods Of Use
$HUBC – News from Wednesday – A-Labs Reaffirms $20 million PIPE Investment in HUB at $10 per share
$PTRA – MW Proterra stock price target cut to $5 from $10 at D.A. Davidson
Personal Game Plans
$ENZ has great potential here in pre-market to go on its next leg up. We have lower support down at $1.87 with downtrend resistance at this time. The key to getting long on this play is a break of the downtrend, which is likely to attract buyers. If this happens, $ENZ has the potential to run up to $2.42 and then $2.65.
$CRBP , the pharmaceutical company, had an exceptionally impressive day yesterday with a massive surge in the market. The company’s stock price rose remarkably from under $3 to $5.75. In pre-market trading, the stock is currently up 12%, and there is a strong likelihood that it will break over the post-market high of $6.90. If it manages to break this resistance level, the stock has the potential to spike up to $8.75 and then $10.00. Investors and traders alike are keeping a close eye on $CRBP , as the company has made significant strides in the pharmaceutical industry. $CRBP has been at the forefront of research and development of innovative medications and therapies, which has set it apart from its competitors. The company has also been making strategic partnerships, which have allowed for the acceleration of its drug development pipeline, further increasing its potential for growth. Overall, with the recent price surge and the company’s impressive track record, $CRBP is a stock to watch closely in the coming days and weeks.
$SPY today: After yesterday’s strong performance, I expected a small gap up for a push higher. However, given the extreme volatility of the current market and the impact of economic data and fears, technical analysis alone is not enough. Currently, we are fading down from yesterday’s close towards a key support level of $392.60. This level is crucial for today’s trading. If we hold above it, there is potential for a bounce back up to $396.65 and then $399. On the other hand, if we break below $392.60, we may see a fade down to $390 and then our daily uptrend near $387.50.
Earnings This Week
PRE MARKET GAPPERS
Reddit Top Mentions
Largest Short Interest
PRIOR DAY TOP GAINERS