Good morning, SqueezeFinders!
The $QQQ tech index is back in full euphoria mode after last week's pullback from all-time highs of 748.65 down to 686.37, and now yesterday we closed at 744.00 (+3.14%) less than half a percent from new all-time highs. SpaceX and a potentially imminent resolution of the war in the Middle-East have the markets extremely bullish again, but we will have a definite answer for sure on Friday if the war is actually over, depending on if all relevant parties (countries) unanimously agree to cooperate with terms. If things fall apart on Friday, we could see resumption of aggressive profit-taking like last week. The main directional sentiment determinants today are a mix of the below-detailed economic data releases and continued 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: \~$4,330/oz (+0.3%) 🥈 Silver: \~$70/oz (-0.5%) 🪙 Bitcoin: \~$66.0k/coin (+0.5%) 🛢️ Oil: \~$81.00/barrel (-0.2%)
Today's economic data releases are:
🇺🇸 ADP Employment Change Weekly @ 8:15AM ET 🇺🇸 Import Price Index (May) @ 8:30AM ET 🇺🇸 Export Price Index (May) @ 8:30AM ET 🇺🇸 Housing Starts (May) @ 8:30AM ET 🇺🇸 Building Permits (May) @ 8:30AM ET 🇺🇸 Atlanta Fed GDPNow (Q2) @ 10:00AM ET 🇺🇸 20-Year Bond 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. $TGTX Squeezability Score: 53% Juice Target: 107.5 Confidence: 🍊 🍊 Price: 50.30 (+1.6%) Breakdown point: 43.0 Breakout point: 56.8 Mentions (30D): 2 Event/Condition: Positive post-hoc data from Phase 3 ULTIMATE trials reinforcing BRIUMVI efficacy in early-stage relapsing MS patients further solidifying its competitive position and supporting continued commercial momentum + encouraging Phase 1 subcutaneous formulation results highlighting improved patient convenience with strong bioavailability and clean safety paving the way for future dosing advancements + groundbreaking topline Phase 1 data in myasthenia gravis combined with rapid advancement to Phase 2 trial expanding pipeline potential beyond MS into additional B-cell mediated diseases + Recent price target 🎯 of $70 from HC Wainwright + Recent price target 🎯 of $55 from B. Riley Securities + Recent price target 🎯 of $52 from JMP Securities
5. $WYFI Squeezability Score: 43% Juice Target: 45.7 Confidence: 🍊 🍊 Price: 29.98 (+21.4%) Breakdown point: 24.5 Breakout point: 33.2 Mentions (30D): 2 Event/Condition: Major $160 million multi-year AI compute contract secured in France for NVIDIA-powered deployment starting July with customer prepayments and project financing providing strong revenue visibility + $100 million expandable delayed draw loan facility from Bit Digital Capital supporting near-term data center buildout and accelerating growth without heavy equity dilution + solid Q1 results demonstrating execution momentum in the high-demand AI infrastructure sector + Recent price target 🎯 of $38 from B. Riley Securities + Recent price target 🎯 of $38 from Needham + Recent price target 🎯 of $27 from Barclays
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