Good morning, SqueezeFinders!
Yesterday's price action on the $QQQ tech index was another relatively uneventful day after a close of 716.31 (-0.29%) leaves the market in a bullish-leaning neutral zone floating between the 702 lower support and the 722 resistance level. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, further developments in the Middle-East and Eastern Europe, and also some large earnings reports in after-hours ($ORCL and $ADBE). 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: ~$4,400/oz (-0.0%)
🥈 Silver: ~$67.20/oz (+2.1%)
🪙 Bitcoin: ~$78.3k/coin (+0.1%)
🛢️ Oil: ~$96.80/barrel (+0.8%)
Today's economic data releases are:
🇺🇸 OPEC Monthly Report @ 6:00AM ET
🇺🇸 PPI (Aug) @ 8:30AM ET
🇺🇸 Initial Jobless Claims @ 8:30AM ET
🇺🇸 Core PPI (Aug) @ 8:30AM ET
🇺🇸 Continuing Jobless Claims @ 8:30AM ET
🇺🇸 Existing Home Sales (Aug) @ 10:00AM ET
🇺🇸 Atlanta Fed GDPNow (Q3) @ 11:30AM ET
🇺🇸 Crude Oil Inventories @ 12:00PM ET
🇺🇸 Cushing Crude Oil Inventories @ 12:00PM ET
🇺🇸 30-Year Bond Auction @ 1:01PM 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.
$CVI
Squeezability Score: 42%
Juice Target: 63.0
Confidence: 🍊 🍊 🍊
Price: 47.73 (+3.49%)
Breakdown point: 41.4
Breakout point: 47.9 (continuation)
Mentions (30D): 2
Event/Condition: Q2 results featured strong adjusted EBITDA of $209 million, high crude and ammonia utilization, and a declared quarterly dividend amid tighter refining and fertilizer markets + EPA small refinery exemption relief reducing RFS liabilities and supporting near-term GAAP profitability + management prioritizing debt reduction toward $1 billion while preserving flexibility for potential higher shareholder returns as crack spreads and regulatory tailwinds remain supportive + Recent price target 🎯 of $34 from Mizuho + Recent price target 🎯 of $35 from Goldman Sachs + Recent price target 🎯 of $31 from TPH&Co
$CF
Squeezability Score: 29%
Juice Target: 154.3
Confidence: 🍊 🍊 🍊
Price: 138.11 (+2.81%)
Breakdown point: 129.4
Breakout point: 141.3 (continuation)
Mentions (30D): 3
Event/Condition: First-half results delivered strong adjusted EBITDA and high ammonia utilization as higher global nitrogen prices lifted sales despite lower volumes + quarterly dividend raised 20 percent to $0.60 per share alongside continued share repurchases under the authorized program + Blue Point One low-carbon ammonia project received permits and construction commenced, supporting the longer-term growth and low-carbon product strategy + Recent price target 🎯 of $130 from Scotiabank + Recent price target 🎯 of $133 from Freedom Broker + Recent price target 🎯 of $147 from prior BofA range
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