Good morning, SqueezeFinders-
Yesterday's price action on the $QQQ tech index was relatively flat with a move of +0.23% to close at 709.24 which still leaves us hanging in the bearish learning neutral directional sentiment range. Holding above the 700 psychological level during all this war drama will help keep bulls from panicking, however, a \~1.5% drop would potentially embolden bears to get heavy on shorting the market again. Between the bond market fiasco, and the war, it seems more likely we will see a retest of that 700 level in the coming days ahead (ideally we can make it to the Labour day long weekend without losing 700). Only reason to get bullish would be if we broke above 722. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, and further developments in the Middle-East. 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. Also, make sure to check out our newest tool (developed by me), "Dracula's Library"! This tool allows you to quickly gather information on recent catalysts, and analyst/Institutional price targets all in one small graphical interface on our platform, all powered by AI.
🥇 Gold: \~$4,425/oz (+0.9%)
🥈 Silver: \~$65.75/oz (+0.8%)
🪙 Bitcoin: \~$77.7k/coin (+0.4%)
🛢️ Oil: \~$90.80/barrel (-0.2%)
Today's economic data releases are:
🇺🇸 Initial Jobless Claims @ 8:30AM ET
🇺🇸 Nonfarm Productivity (Q2) @ 8:30AM ET
🇺🇸 Unit Labor Costs (Q2) @ 8:30AM ET
🇺🇸 Trade Balance (Jul) @ 8:30AM ET
🇺🇸 Continuing Jobless Claims @ 8:30AM ET
🇺🇸 Exports (Jul) @ 8:30AM ET
🇺🇸 Imports (Jul) @ 8:30AM ET
🇺🇸 Fed Waller Speaks @ 8:30AM ET
🇺🇸 S&P Global Services PMI (Aug) @ 9:45AM ET
🇺🇸 S&P Global Composite PMI (Aug) @ 9:45AM ET
🇺🇸 ISM Non-Manufacturing PMI (Aug) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Employment (Aug) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Prices (Aug) @ 10:00AM ET
🇺🇸 Atlanta Fed GDPNow (Q3) @ 11:30AM 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. $VIST
Squeezability Score: 33%
Juice Target: 122.3
Confidence: 🍊 🍊 🍊
Price: 77.03 (+3.11%)
Breakdown point: 72.0
Breakout point: 81.5
Mentions (30D): 3
Event/Condition: Breakout quarter with production of about 156,000 barrels of oil equivalent per day up 32 percent year-over-year and revenue of $1.15 billion after closing the Equinor Bandurria Sur and Bajo del Toro assets that immediately added scale in Vaca Muerta + Peter Thiel’s Thiel Macro disclosing a sizable stake that drew incremental investor attention to the Argentine shale producer + continued share buybacks under the shareholder-approved program underscoring capital-return confidence while analysts nudged targets higher + Recent price target 🎯 of $94 from JPMorgan + Recent price target 🎯 of $98 from consensus analysts + Recent price target 🎯 of $90 from Goldman Sachs
5. $CF
Squeezability Score: 32%
Juice Target: 149.2
Confidence: 🍊 🍊
Price: 139.27 (+2.71%)
Breakdown point: 132.0
Breakout point: 141.3 (continuation)
Mentions (30D): 1
Event/Condition: Groundbreaking with JERA and Mitsui on Blue Point One in Louisiana positioned as the world’s largest low-carbon ammonia plant after receiving permits to start construction with first production targeted for 2029 + quarterly dividend raised 20 percent to $0.60 per share alongside continued share repurchases including about $230 million in the second quarter + management highlighting a higher mid-cycle earnings baseline and tight global nitrogen fundamentals expected to persist into 2027 even after a mixed quarterly print + Recent price target 🎯 of $135 from BofA Securities + Recent price target 🎯 of $125 from JPMorgan + Recent price target 🎯 of $120 from Barclays
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