https://preview.redd.it/5jjvrd3qj25h1.png?width=2104&format=png&auto=webp&s=83d903403bcbce58d0c4f14f7a33998db8d47a36
Good morning, SqueezeFinders!
Another day, another new all-time high print for the $QQQ tech index of 746.44 before closing just below at 746.16 (+0.46%). The market remains in a state of absolute euphoria as we approach the highly anticipated SpaceX IPO coming in the next week or two under ticker $SPCX. Jensen from $NVDA also made a big claim stating we should continue to focus on renewable energy as he expects energy demand to 1000x due to AI infrastructure. I will continue to blend appropriate themed plays in and out where I can. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, and any further 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: \~$4,500/oz (-0.2%)
🥈 Silver: \~$75.5/oz (-0.4%)
🪙 Bitcoin: \~$66.5k/coin (-6.5%)
🛢️ Oil: \~$94.80/barrel (+1.1%)
Today's economic data releases are:
🇺🇸 ADP Nonfarm Employment Change (May) @ 8:15AM ET
🇺🇸 Fed Vice Chair for Supervision Barr Speaks @ 9:00AM ET
🇺🇸 S&P Global Services PMI (May) @ 9:45AM ET
🇺🇸 S&P Global Composite PMI (May) @ 9:45AM ET
🇺🇸 ISM Non-Manufacturing PMI (May) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Employment (May) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Prices (May) @ 10:00AM ET
🇺🇸 Factory Orders (Apr) @ 10:00AM ET
🇺🇸 Crude Oil Inventories @ 10:30AM ET
🇺🇸 Cushing Crude Oil Inventories @ 10:30AM ET
🇺🇸 Beige Book @ 2:00PM 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. $ENPH
Squeezability Score: 55%
Juice Target: 95.2
Confidence: 🍊 🍊
Price: 72.33 (+13.48%)
Breakdown point: 62.0
Breakout point: 73.8 (continuation)
Mentions (30D): 5
Event/Condition: New $52M safe harbor agreement signed with a leading U.S. third-party ownership provider for residential and commercial IQ9 microinverter deployments providing strong revenue visibility into 2027-2030 + opening of pre-orders for advanced GaN-based IQ9S commercial microinverters signaling innovation push and potential market share gains in commercial solar segment + expansion of PowerMatch technology across North America combined with technical white paper on next-gen GaN power electronics highlighting product leadership and efficiency improvements + Recent price target 🎯 of $57 from Goldman Sachs + Recent price target 🎯 of $70 from TD Cowen + Recent price target 🎯 of $85 from UBS
5. $SMCI
Squeezability Score: 47%
Juice Target: 59.3
Confidence: 🍊 🍊 🍊
Price: 50.17 (+7.02%)
Breakdown point: 43.0
Breakout point: 58.8
Mentions (30D): 12
Event/Condition: New energy-efficient Arm-based rack-scale infrastructure collaboration enabling higher performance density within tight power envelopes for growing agentic AI applications + latest AMD Helios platform rollout that streamlines scaling from individual racks to full hyperscale deployments while reducing operational complexity and costs + fresh DCBBS blueprints leveraging advanced Nvidia technology to help customers rapidly deploy next-generation AI servers with improved time to market + Recent price target 🎯 of $44 from Mizuho + Recent price target 🎯 of $50 from Rosenblatt + Recent price target 🎯 of $48 from Needham
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