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Good morning, SqueezeFinders!
Yesterday's price action on the $QQQ tech index was more boring rangebound consolidation movement with little indication of whether we will move into a bullish or bearish state going forward. The $QQQ tech index closed down 0.27% at 717.74, which is smack dab in the middle between upper and lower bounds at roughly 730 and 700 respectively. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, any further developments in the Middle-East, and also some large earnings reports (premarket: $UNH, $TSMC, $USB, $GE, $STT, and in after-hours: $NFLX). This market is very dynamic and has been unpredictable as far as risk-tolerance goes, as one day we're running, and the next we're crashing. Stay tuned for what's squeezy. Regardless of broader market sentiment, you can always locate relative strength by checking SqueezeRadar to track irregularities in our data, and find winners you may not have spotted before without our scanners.
🥇 Gold: \~$4,040/oz (-0.6%)
🥈 Silver: \~$57.50/oz (-0.9%)
🪙 Bitcoin: \~$64.8k/coin (+0.3%)
🛢️ Oil: \~$79.50/barrel (+0.5%)
Today's economic data releases are:
🇺🇸 Retail Sales (Jun) @ 8:30AM ET
🇺🇸 Core Retail Sales (Jun) @ 8:30AM ET
🇺🇸 Philadelphia Fed Manufacturing Index (Jul) @ 8:30AM ET
🇺🇸 Initial Jobless Claims @ 8:30AM ET
🇺🇸 Philly Fed Employment (Jul) @ 8:30AM ET
🇺🇸 Retail Control (Jun) @ 8:30AM ET
🇺🇸 Continuing Jobless Claims @ 8:30AM ET
🇺🇸 Pending Home Sales (Jun) @ 10:00AM ET
🇺🇸 Retail Inventories Ex Auto (May) @ 10:00AM ET
🇺🇸 Business Inventories (May) @ 10:00AM ET
🇺🇸 Atlanta Fed GDPNow (Q2) @ 11:30AM ET
🇺🇸 President Trump speaks @ 9PM 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. $IOVA
Squeezability Score: 49%
Juice Target: 11.1
Confidence: 🍊
Price: 4.74 (+20.6%)
Breakdown point: 4.1
Breakout point: 5.7
Mentions (30D): 0 🆕
Event/Condition: Australian conditional approval for Amtagvi in advanced melanoma marking third global authorization and supporting international revenue ramp + FDA IND clearance for IOV-5001 enabling Phase 1/2 basket trial expansion into additional solid tumors + updated corporate outlook highlighting Amtagvi commercial growth and pipeline progress with multiple upcoming data readouts + Recent price target 🎯 of $9 from Joseph Pantginis / HC Wainwright + Recent price target 🎯 of $14 from Chardan + Recent price target 🎯 of $9 from Mizuho
5. $EOSE
Squeezability Score: 37%
Juice Target: 13.1
Confidence: 🍊
Price: 4.37 (+1.9%) jumped \~10% in after-hours
Breakdown point: 4.0
Breakout point: 7.0
Mentions (30D): 0 🆕
Event/Condition: Commercial production start at Thorn Hill manufacturing facility alongside first purchase order under 2 GWh capacity reservation advancing zinc battery deployment + $75M registered direct offering and key consents for Frontier financing strengthening balance sheet for growth + board and leadership updates plus Q2 revenue guidance supporting long-duration energy storage expansion + New deal with Pentagon for Golden Dome + Recent price target 🎯 of $10 from Stifel + Recent price target 🎯 of $7 from Truist Securities + Recent price target 🎯 of $11 from Needham
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