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Taco ’bout a party! May 5th 2022 Morning Stock Newsletter

🌟Goooooooood morning Team and Happy Cinco De Mayo!🌟

Cinco de Mayo is nacho ordinary holiday. It is a day of history, independence, joy and festivity. Happy Cinco de Mayo everyone!

Today is going to be an awesome day in the market and there is TONS of opportunity. So let’s not waste anytime and taco ’bout it.

Yesterdays trader of the day – Kamal with a $2,200+ profit


Stock futures fall after Fed induced relief rally

$MNTS Momentus Completes All Regulatory Milestones for Inaugural Mission SpaceX

$PROG Progenity Announces Successful Transfer of Liquid Biopsy Technologies

$SEED Origin Agritech Reports First Half of 2022 Revenue Growth of 300% and Achievement of Profitability

$ARGX argenx Announces Positive Phase 3 Data from ADVANCE Trial of VYVGART® (efgartigimod alfa-fcab) in Adults with Primary Immune Thrombocytopenia

$CMLS Cumulus Media Announces Modified Dutch Auction Tender Offer to Purchase up to $25 Million of its Outstanding Class A Common Stock

$SEED Origin Agritech Reports First Half of 2022 Revenue Growth of 300% and Achievement of Profitability

$GMDA Gamida Cell Presents New Data from NAM-Enabled Genetically Modified Natural Killer (NK) Pipeline at International Society for Cell & Gene Therapy 2022

$WCC Wesco International Reports First Quarter 2022 Results

$SONM Sonim Announces Purchase Orders from Top US Carrier for Next-Generation Rugged Phones

My top stocks for the day

Yesterday we saw $PRTS and $EHTH looking weak in pre-market but ripped out of the gate off earnings. This is why I will be watching stocks with earnings right at the start of the day $HYMC $RUN $ALB $HDSN

I am still short biased on $NKTX. As long as we are trading below the 200SMA, I am short for a drop back down to $15

$ATER is looking like a great upcoming swing trade as well. We have a beautiful moving average squeeze forming on the daily. Last time we formed a moving average squeeze formation we ran from $8.50 to $19. If we start breaking over $5.77 I will look to go long to $6.56, $7.22, $8.32, $8.75 and $10. This will most likely be a multiday swing trade. Support is $5

$AMD YESTERDAY ALERT – out with great earnings and currently up $5 in pre-market. Congratulations to all traders who took those lotto calls on Monday! We have some great potential with this stock over the next few weeks (depending on the overall market). We just bounced off the lower DT from this falling channel on the daily. We also put in nice market structure off $84.75 past chart STRONG support. Not to mention, we have very clear and confirmed bullish divergence on the RSI. I see potential for $AMD to test the DT of this falling channel at $110ish. $91.44 support at this time with $98.40 – $100 resistance. I want to keep this on HIGH WATCH for a possible 45 day CALL swing trade into the $110’s.

$BTTX has been a nice multi day runner. Going from $1 all the way to $2.45. We have a solid uptrend on this stock and is still showing strength to the upside. We just pulled back to Mondays pre-market high as well as the 50% FIB. I would like to see this stock hold above the $1.60-$1.68 level (50% FIB and Mondays pre-market highs). If we do I will be looking to scale into this stock today for the leg back up to $1.91, $2.19, $2.44

We will be watching $RDBX for the possible mid candle breakout today



Earnings this Week