Good morning, SqueezeFinders!
Another day, another new all-time high for the $QQQ tech index, having peaked intraday at 560.8 before closing the session at 556.72 (+0.09%). It is still unbelievably biased in favor of bulls in this market, with no near-term threat until the bears eventually try to force a retest of 540 (old all-time highs/résistance) as new support. If it breaks, we could see some trouble down to 525-520, but even then still we are only a few % from all-time highs. Several economic data releases today will serve as contributory broader market directional sentiment determinants. The PPI and Industrial Production could both have an influence on sentiment in premarket, so keep an eye for a better idea of how the intraday session will progress. Bitcoin still sharply elevated near recent new all-time highs at ~$117.3k/coin, while Gold trades for ~$3,330/oz. Regardless of broader market environment, you can locate relative strength by tapping/clicking on the column headers to sort the live watchlist in descending order of whichever data metric is important to you.
Today's economic data releases are:
🇺🇸 PPI (Jun) @ 8:30AM ET
🇺🇸 Core PPI (Jun) @ 8:30AM ET
🇺🇸 Industrial Production (Jun) @ 9:15AM ET
🇺🇸 Fed Supervision Vice Chair Barr Speaks @ 10AM ET
🇺🇸 Crude Oil Inventories @ 10:30AM ET
🇺🇸 Beige Book @ 2PM ET
🇺🇸 FOMC Member Williams Speaks @ 4:30PM ET
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
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$RCAT
Squeezability Score: 59%
Juice Target: 20.9
Confidence: 🍊 🍊 🍊
Price: 10.27 (-0.58%)
Breakdown point: 8.0
Breakout point: 11.3
Mentions (30D): 2
Event/Condition: Potentially imminent long-term uptrend resumption + Medium-term downtrend bullish reversal + Massive rel vol spike after Defense Secretary Pete Hegseth calls for drone production surge (Drone restrictions lifted) + Company closed $46.75M registered direct offering on June 18th + Company put out a press release stating they support Executive Orders to strengthen U.S. drone manufacturing + in late May, company partnered with ESAero to support Black Widow manufacturing + Cup & handle technical pattern potentially playing out on daily time-frame. -
$ASTS
Squeezability Score: 56%
Juice Target: 79.0
Confidence: 🍊 🍊 🍊
Price: 51.12 (+6.81%)
Breakdown point: 42.0
Breakout point: 54.1
Mentions (30D): 5
Event/Condition: Massive rel vol spike after speculation of Jeff Bezos investment begins following Instagram post + Recent price target 🎯 of $47.9 from Scotiabank + Company recently gained FCC approval for testing with AT&T and Verizon + Company recently landed $43 million contract in support of US Space Development Agency through prime contractor + Vodafone and AST SpaceMobile sign agreement to create European Direct-to-Device Satellite Service Provider + Recent price target 🎯 of $38 from UBS + Recent price target 🎯 of $38 from Barclays + Company set to join the Russell 1000 Index + Company recently landed $550M financing commitment + Company secures path to 45 MHz mid-band spectrum for direct-to-device service in North America + Shares rocket on partnership with Indian Telecom (Vodafone) + Recent price target 🎯 of $59 from Clear Street + Company recently secured additional $100M of liquidity from non-dilutive equipment financing.
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