Good Morning SqueezeFinders,
Yesterday’s price action on the $QQQ tech index was merely a small breather from the index after some new concerns arose for investors. The main driver of the tech decline was a report that AI leader OpenAI had missed its internal revenue and user growth targets, fueling fears that the massive spending on AI infrastructure might not be sustainable. This weighed heavily on chipmakers and AI-related stocks. There was further, intensifying friction in the Middle-East, as quick resolution to the war in Iran faded as U.S. officials expressed skepticism over Iran’s latest proposal to halt attacks in the Strait of Hormuz. President Trump reportedly rejected Iran’s latest proposal for a ceasefire, which demanded the U.S. lift its blockade and end the conflict. There is also jitters surrounding upcoming tech giants reporting earnings today ($AMZN, $META, $MSFT, $GOOG, etc), as well as Federal Reserve policy meeting where interest rates are expected to remain unchanged, but potentially with a hawkish tone. We still need not get overly fearful of an extended pullback on the $QQQ tech index unless we fade under 635 (old all-time high/resistance test as new support pivot), which is still quite a drop from yesterday’s close at 657.55 (-1.01%). The main directional sentiment determinants today are the below-detailed economic data releases, the aforementioned earnings reports, and any further developments 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: \~$4,610/oz (+0.2%)
🥈 Silver: \~$74/oz (+0.8%)
🪙 Bitcoin: \~$77.2k/coin (+0.5%)
🛢️ Oil: \~$99.30/barrel (-0.6%)
Today's economic data releases are:
🇺🇸 Housing Starts (Mar) @ 8:30AM ET
🇺🇸 Building Permits (Mar) @ 8:30AM ET
🇺🇸 Retail Inventories Ex Auto (Mar) @ 8:30AM ET
🇺🇸 Goods Trade Balance (Mar) @ 8:30AM ET
🇺🇸 Durable Goods Orders (Mar) @ 8:30AM ET
🇺🇸 Core Durable Goods Orders (Mar) @ 8:30AM ET
🇺🇸 Atlanta Fed GDPNow (Q1) @ 10:00AM ET
🇺🇸 Crude Oil Inventories @ 10:30AM ET
🇺🇸 Cushing Crude Oil Inventories @ 10:30AM ET
🇺🇸 Fed Interest Rate Decision @ 2:00PM ET
🇺🇸 FOMC Statement @ 2:00PM ET
🇺🇸 FOMC Press Conference @ 2:30PM 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. $PRCH
Squeezability Score: 45%
Juice Target: 19.6
Confidence: 🍊 🍊
Price: 8.59 (+6.7%) / ran to 10+ and closed @ 9.47 in AH after ER
Breakdown point: 8.6
Breakout point: 12.0 (potentially imminent gap fill to \~14.5)
Mentions (30D): 0 🆕
Event/Condition: Q1 revenue beat of $109.4 million with 29% YoY growth and 50% surge in insurance services segment combined with raised full year outlook reflecting strong reciprocal premium expansion and operational execution + successful earnings release driving immediate positive market reaction and confidence in scaling trajectory + analyst optimism ahead of results with multiple firms maintaining or affirming high targets based on growth momentum and improved risk profile + Recent price target 🎯 of $21 from Benchmark + Recent price target 🎯 of $20 from Citigroup + Recent price target 🎯 of $22 from JP Morgan
5. $WLAC
Squeezability Score: 36%
Juice Target: 28.0
Confidence: 🍊 🍊
Price: 16.35 (-1.0%)
Breakdown point: 14.3
Breakout point: 17.4 (continuation)
Mentions (30D): 0 🆕
Event/Condition: S-4 declared effective clearing key regulatory hurdle and setting shareholder vote for April 30 to approve the transformative merger with Boost Run AI infrastructure leader + achievement of NVIDIA Exemplar Cloud status on Blackwell architecture validates top-tier performance and positions the post-merger entity among a handful of elite global AI cloud providers capable of delivering reproducible high-scale results + landmark $1.44 billion Dell Technologies purchase agreement secures critical hardware and software supply chain certainty to meet surging enterprise AI demand and scale capacity rapidly + Recent price target 🎯 of $20 from DA Davidson
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