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Thursday September 8th 2022 Morning Stock Newsletter

🌟Goooooooood morning Team and Happy Money Thursday🌟 

I hope you all had a wonderful evening and that you are ready for today’s trading session. 

We saw some decent action in the overall market yesterday. Small Caps are still slowing down and dying on off BUT are providing us with some decent opportunity. It’s best to lock in your profits quick as we are seeing a lack of follow through in the market.

We have Powell speaking today at 9:10AM and any thing he says may move the markets and create some volatility. I am excited to see what the market has in store for us today and cannot wait to lock in some profits with the team. Let’s make this MONEY THURSDAY the best Money Thursday ever!!!!

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

 


STOCKS WITH NEWS

Yesterdays Top Gainers $IMRA $AZRE $SHPH $AKA $NUTX

Most shorted stocks $BBBY $ICPT $PHAT $VERU $SKYH $GRPN $APRN $BGFV $UPST $FSR

Stock futures are little changed after Wednesday’s rebound rally https://www.cnbc.com/2022/09/07/stock-market-news-open-to-close.html

$PPBT up 17% with no news or filings to justify this move higher

$IMRA news from yesterday – IMARA shares are trading higher after the company announced it entered into an asset purchase agreement with Cardurion Pharmaceuticals to sell tovinontrine and other assets of its PDE9 program for $34.75 million upfront.

$RVNC -Revance Announces FDA Approval of DAXXIFY (DaxibotulinumtoxinA-lanm) for Injection, the First and Only Peptide-Formulated Neuromodulator With Long-Lasting Results

$ASAN – Asana shares are trading higher after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 and FY23 sales guidance above analyst estimates.

$AMLX – Amylyx Secures FDA Panel Support for Approval of ALS Drug Candidate

My top stocks for the day

$PYPL is still looking great if you entered for the swing trade yesterday. Stops could now be brought up under yesterdays low of day. You want to play this safe because if the markets do start to pull-back once again, PayPal will follow and sell off as well. Your first target is $96.30 then $97.20 and $100

$ISEE will be on watch today for the possible Mid Candle Breakout. Volume will start to move in over $15.30 and that is where we will most likely see our leg up to $15.97. If we break over $16.00 today we have great potential to spike on up to $17.00. Bottom support at this time is $13.95

$NVDA long today over $138.42 to $140.55 then $143.82. It looks as if we bound a short term bottom down at $133.59 as we bounced 3 times at that level over the past week. We saw a nice green day yesterday off that support level with a strong close on increased buying volume. This is a daily continuation play and is why we are waiting for a break over yesterdays highs to get long.

$AMZN is also looking fantastic for a long trade today if we can break over yesterdays highs of $129.80. We would be looking for a slight continuation up to the 20EMA at $131.50


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS


Earnings this Week