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Good morning, SqueezeFinders!
Yesterday's price action on the $QQQ tech index was bullish after having moved up 1.43% to close at 722.82, albeit still in the bullish-leaning neutral zone. If we can get back above 727, we can expect an acceleration back up towards all-time highs, but if we see price fall under 708, then we will likely see a swift retest of the psychological support of 700. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, and ongoing developments regarding the situation in the Middle-East. 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. We just released the results for the month of March for SqueezeBot, and it was a shocking winrate of 74.63%, average gain was \~2.29% per trade (fixed % profit-taking scalps enabled). We allow for 3%, 5%, or 10% fixed profit-taking parameters. Check out SqueezeBot today!
🥇 Gold: \~$4,150/oz (-0.6%)
🥈 Silver: \~$62/oz (-1.0%)
🪙 Bitcoin: \~$63.2k/coin (-0.2%)
🛢️ Oil: \~$68.80/barrel (+0.4%)
Today's economic data releases are:
🇺🇸 ADP Employment Change Weekly @ 8:15AM ET
🇺🇸 Trade Balance (May) @ 8:30AM ET
🇺🇸 Exports (May) @ 8:30AM ET
🇺🇸 Imports (May) @ 8:30AM ET
🇺🇸 Atlanta Fed GDPNow (Q2) @ 11:30AM ET
🇺🇸 EIA Short-Term Energy Outlook @ 12:00PM ET
🇺🇸 3-Year Note Auction @ 1:00PM 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. $MRNA
Squeezability Score: 45%
Juice Target: 98.3
Confidence: 🍊 🍊
Price: 71.80 (+2.6%)
Breakdown point: 72.0
Breakout point: 85.7 (continuation)
Mentions (30D): 3
Event/Condition: FDA advisory committee delivers unanimous support for the mRNA seasonal flu vaccine candidate representing a major regulatory milestone that de risks near term revenue diversification beyond COVID + highly successful Science Day presentation detailing expansive pipeline advancements in personalized cancer vaccines rare disease therapies and innovative delivery platforms fueling significant market optimism and share price momentum + strategic leadership appointments including seasoned Chief Commercial Officer to strengthen execution ahead of multiple anticipated 2026 2027 product launches positioning the company for commercial expansion + Recent price target 🎯 of $77 from Piper Sandler + Recent price target 🎯 of $65 from Jefferies + Recent price target 🎯 of $80 from B. Riley Securities
5. $LMND
Squeezability Score: 42%
Juice Target: 102.2
Confidence: 🍊 🍊
Price: 78.70 (+10.0%)
Breakdown point: 69.0
Breakout point: 85.3 (continuation)
Mentions (30D): 0 🆕
Event/Condition: Renewed reinsurance program effective July 1 that lowers cession rate to 18 percent from 20 percent while enhancing catastrophe protection and overall economics allowing the company to retain more gross profit and strengthen its path to sustainable profitability + expansion of renters insurance into additional states including Mississippi accelerating customer acquisition and premium growth across a broader geographic footprint + secured $250 million growth financing partnership with Hannover Re providing non dilutive capital to fuel product innovation and market expansion initiatives + Recent price target 🎯 of $75 from Morgan Stanley + Recent price target 🎯 of $80 from Piper Sandler + Recent price target 🎯 of $72 from TD Cowen
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