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Good Morning SqueezeFinders,
Yesterday’s price action on the $QQQ tech index was yet another melt-up day for the bulls after the $QQQ tech index closed at 655.11 (+1.67%). We saw a little bit of selling in after-hours and overnight trading following more geopolitical escalation in the Middle-East despite President Trump’s indefinite extension of a ceasefire with Iran, the situation remained in a precarious, volatile state. Iran’s Revolutionary Guard was reported to have fired on and seized two ships in the Strait of Hormuz, which intensified the assault on shipping in the critical waterway. This led to a resurgence in oil prices, and ultimately a dampening of economic growth outlooks, causing futures to take a hit. $TSLA reported their earnings yesterday in after-hours, and despite the initial surge, CEO Elon Musk’s comments on tempering expectations for robotaxi and AI growth led to a decline in shares, and ultimately contributed to less-positive broader market sentiment. Shares of $IBM also pulled back in after-hours by as much as \~7%, which contributed to the sudden bearish shift in broader market directional sentiment. So long as the $QQQ tech index remains above the 635 long-term pivot, there’s not much reason for bulls to fret over any intermittent pullbacks during this continued melt-up phase in the market. The main directional sentiment determinants today are the below-detailed economic data releases, the $INTC earnings report scheduled for after-hours, and any continued headline 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: \~$4,730/oz (-0.2%)
🥈 Silver: \~$48/oz (-0.3%)
🪙 Bitcoin: \~$77.7k/coin (+0.1%)
🛢️ Oil: \~$94.60/barrel (+1.7%)
Today's economic data releases are:
🇺🇸 Initial Jobless Claims @ 8:30AM ET
🇺🇸 Continuing Jobless Claims @ 8:30AM ET
🇺🇸 S&P Global Services PMI (Apr) @ 9:45AM ET
🇺🇸 S&P Global Manufacturing PMI (Apr) @ 9:45AM ET
🇺🇸 S&P Global Composite PMI (Apr) @ 9:45AM ET
🇺🇸 Fed’s Balance Sheet @ 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. $UAMY
Squeezability Score: 57%
Juice Target: 26.4
Confidence: 🍊 🍊
Price: 10.60 (+5.3%)
Breakdown point: 9.6
Breakout point: 12.0
Mentions (30D): 1
Event/Condition: Restart of mining operations at Stibnite Hill in Montana earlier than planned due to mild winter allowing faster resumption of antimony ore production and processing activities + aggressive growth signaling with plans for expanded capacity and strategic moves to capitalize on rising global demand for domestic critical minerals supply + advancement of the Fostung tungsten project through updated technical reporting that broadens the company's role in North American strategic minerals diversification + Recent price target 🎯 of $13 from B. Riley Securities + Recent price target 🎯 of $11.50 from H.C. Wainwright + Recent price target 🎯 of $10.25 from Alliance Global Partners
5. $BKSY
Squeezability Score: 54%
Juice Target: 67.4
Confidence: 🍊 🍊 🍊
Price: 40.66 (+4.4%)
Breakdown point: 34.0
Breakout point: 42.8 (continuation)
Mentions (30D): 14
Event/Condition: $99M US government IDIQ award for next-generation Earth observation payload with initial funding accelerating development + $25M competitive multi-year Assured subscription contract expanding international defense customer access to Gen-3 high-resolution imagery and real-time AI analytics + upcoming Q1 2026 earnings call on May 7 highlighting continued momentum in space-based intelligence services + Recent price target 🎯 of $42 from HC Wainwright + Recent price target 🎯 of $26 from Canaccord Genuity + Recent price target 🎯 of $23 from Jefferies
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