Good morning, SqueezeFinders!
Yesterday's price action on the $QQQ tech index was nearly flat with a move of +0.09% to close at 711.37 ahead of $NVDA earnings report in after-hours. Yesterday's reaction to $NVDA's earnings were pretty positive with >5% green move, but a little mixed in overnight trading with $NVDA up \~4%. The $QQQ tech index nearly hit 720 in after-hours trading upon $NVDA boosting the entire market's sentiment, but in overnight trading has pulled back to \~715. If the bulls can break above 722 for a gap fill, it could spell trouble for bears, but if something bearish comes up, and we fade aggressively (especially under 700 psychological level), it would make it a very tough day for bulls. The Trump administration is mulling a ban on foreign manufactured electrical grid equipment and infrastructure due to security concerns, albeit no final terms will be set for \~120 days. The main directional sentiment determinants are a mix of the below-detailed economic data releases, further developments in the Middle-East, and some large earnings reports in after-hours ($MRVL, $IREN, $S). 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: \~$4,620/oz (+0.4%)
🥈 Silver: \~$69/oz (+1.0%)
🪙 Bitcoin: \~$78.7k/coin (-0.4%)
🛢️ Oil: \~$81.50/barrel (-0.8%)
Today's economic data releases are:
🇺🇸 Jackson Hole Symposium @ 8:00AM ET
🇺🇸 Initial Jobless Claims @ 8:30AM ET
🇺🇸 Retail Inventories Ex Auto (Jul) @ 8:30AM ET
🇺🇸 Goods Trade Balance (Jul) @ 8:30AM ET
🇺🇸 Continuing Jobless Claims @ 8:30AM ET
🇺🇸 2-Year Note Auction @ 3:00PM 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. $ENPH
Squeezability Score: 40%
Juice Target: 81.5
Confidence: 🍊
Price: 38.42 (+2.85%)
Breakdown point: 35.0
Breakout point: 53.0
Mentions (30D): 0 🆕
Event/Condition: Launch of an AI assistant in the consumer app bringing agentic intelligence into home energy management alongside expanded European and Dutch homeowner programs ahead of net-metering changes + U.S. pre-orders opened for the IQ Battery C80 commercial storage system and broader platform rollouts including backup three-phase support and EV charging + continued emphasis on U.S. manufacturing across residential commercial and AI infrastructure plus Q2 profitability and a sizable cash position supporting product expansion + Recent price target 🎯 of $50 from Northland Capital + Recent price target 🎯 of $45 from Roth Capital + Recent price target 🎯 of $48 from B. Riley
5. $DXYZ
Squeezability Score: 32%
Juice Target: 42.5
Confidence: 🍊 🍊
Price: 34.55 (-0.29%)
Breakdown point: 31.0
Breakout point: 41.0
Mentions (30D): 7
Event/Condition: Rebound driven by renewed enthusiasm for concentrated private AI and space holdings including Anthropic OpenAI and SpaceX-related interests after a sharp mid-year de-rating + investor focus on upcoming NAV disclosures and potential accretion from prior ATM issuance at higher prices plus private-market valuation updates + ongoing public-market access theme for pre-IPO technology names as IPO timelines and secondary activity remain in focus + Recent price target 🎯 of $40 from Roth Capital + Recent price target 🎯 of $35 from B. Riley + Recent price target 🎯 of $38 from Needham
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