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Good Morning SqueezeFinders,
Yesterday’s market action brought the $QQQ tech index to close at 651.42 (-0.56%), which still leaves us significantly above the pivot near 636, so there’s no reason to panic or even become that cautious despite the red day, especially considering it hardly put a dent in the gains for the week following Wednesday’s surge of 1.67%. The new level to watch for continuation above all-time highs is at 657, and the point to watch for short-term pullback is roughly 642. The main directional sentiment determinants for 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: \~$4,690/oz (-0.7%)
🥈 Silver: \~$75.50/oz (-0.8%)
🪙 Bitcoin: \~$77.9k/coin (-0.1%)
🛢️ Oil: \~$96.70/barrel (+0.7%)
Today's economic data releases are:
🇺🇸 Michigan 5-Year Inflation Expectations (Apr) @ 10:00AM ET
🇺🇸 Michigan Consumer Expectations (Apr) @ 10:00AM ET
🇺🇸 Michigan 1-Year Inflation Expectations (Apr) @ 10:00AM ET
🇺🇸 Michigan Consumer Sentiment (Apr) @ 10:00AM ET
🇺🇸 U.S. Baker Hughes Oil Rig Count @ 1:00PM ET
🇺🇸 U.S. Baker Hughes Total Rig Count @ 1:00PM 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. $UAMY
Squeezability Score: 58%
Juice Target: 27.2
Confidence: 🍊
Price: 10.12 (-4.5%)
Breakdown point: 9.6
Breakout point: 12.0
Mentions (30D): 2
Event/Condition: Restart of mining operations at Stibnite Hill in Montana after milder winter conditions allowing earlier resumption of ore production and shipments to the Thompson Falls smelter + acceleration in global antimony demand creating strong tailwinds for the only fully integrated US producer with major defense contracts in place + advancement of the Fostung tungsten project backed by a new technical report outlining significant undeveloped resource potential in North America + Recent price target 🎯 of $11 from B. Riley Securities + Recent price target 🎯 of $12 from HC Wainwright + Recent price target 🎯 of $13 from Benchmark
5. $PLSE
Squeezability Score: 49%
Juice Target: 55.5
Confidence: 🍊 🍊
Price: 24.25 (-0.7%)
Breakdown point: 20.0
Breakout point: 26.4
Mentions (30D): 5
Event/Condition: Appointment of new COO and expanded CMO role to drive faster execution on cardiac ablation program + upcoming analyst event on April 25 focused on late-breaking European feasibility data and clinical advancement for nPulse Cardiac Catheter System + nPulse technology highlighted with one-year atrial fibrillation results at major Heart Rhythm Society meeting showcasing strong safety and efficacy + Recent price target 🎯 of $30 from Mizuho Securities + Recent price target 🎯 of $30 from Oppenheimer + Recent price target 🎯 of $30 from B. Riley Securities
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