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Good morning, SqueezeFinders!
Another day of market volatility passes yesterday after the $QQQ tech index fell 1.9% to close at 711.74. This leaves us precariously close to breaking down towards a retest of the 700 psychological support level if nothing lets up in the Middle-East soon. The tension and anxiety caused by reclosing the Strait of Hormuz has oil prices ripping higher, and investors playing cautiously around inflation fears and new jitters we could see a rate hike in the near-term. If the $QQQ tech index collapses under 700, it's likely it'll be alongside rocketing oil prices, so we can gradually shift attention towards the oil & gas theme as it'll see continued capital migration as a “safe-haven” while the geopolitical tensions remain chaotic. If the $QQQ tech index recovers above 730 for any reason, we can likely resume ignoring oil and get back to risk-on tech plays again. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, ongoing developments in the Middle-East, and also earnings reports in premarket from $C, $JPM, $GS, $BOA, and $WFC. Regardless of broader market sentiment, you can always locate relative strength by checking SqueezeRadar to track irregularities in our data, or check out our automated trading robot, SqueezeBot to get an edge on the market without having to stare at the screen all day long.
🥇 Gold: \~$4,020/oz (+0.4%)
🥈 Silver: \~$58.40/oz (+0.5%)
🪙 Bitcoin: \~$62.5k/coin (-0.5%)
🛢️ Oil: \~$79.90/barrel (+2.2%)
Today's economic data releases are:
🇺🇸 ADP Employment Change Weekly @ 8:15AM ET
🇺🇸 CPI (Jun) @ 8:30AM ET
🇺🇸 Core CPI (Jun) @ 8:30AM ET
🇺🇸 Fed Vice Chair for Supervision Barr Speaks @ 12:40PM ET
🇺🇸 FOMC Member Bowman Speaks @ 2:55PM ET
🇺🇸 TIC Net Long-Term Transactions (May) @ 4:00PM ET
🇺🇸 API Weekly Crude Oil Stock @ 4:30PM ET
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
4. $CVI
Squeezability Score: 42%
Juice Target: 52.0
Confidence: 🍊
Price: 33.46 (+8.0%)
Breakdown point: 30.0
Breakout point: 36.5
Mentions (30D): 0 🆕
Event/Condition: Leadership changes with new CEO appointment amid strategic transition + CVR Partners K-3 tax forms release supporting transparency + ongoing refining margin benefits highlighted in analysis + Recent price target 🎯 of $28 from Mizuho + Recent price target 🎯 of $35 from prior Mizuho update + Recent price target 🎯 of $30 from analyst average
5. $APC
Squeezability Score: 34%
Juice Target: 38.8
Confidence: 🍊
Price: 20.17 (+5.6%)
Breakdown point: 21.8
Breakout point: 19.0
Mentions (30D): 0 🆕
Event/Condition: Q1 2026 results beat with strong adjusted EBITDA and discretionary cash flow + reaffirmation of full year 2026 guidance at $156M EBITDA + participation in energy infrastructure conference + Recent price target 🎯 of $25 from Raymond James + Recent price target 🎯 of $22 from analyst reiteration + Recent price target 🎯 of $21.75 from consensus
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NOT FINANCIAL ADVICE, THESE POSTS ARE FOR INFORMATIONAL PURPOSES ONLY