Friday’s Top Runner: At It Again …
By
Admin
May 15, 2023
Wall Street Warrior Presents ⮕ ⮕ ⮕
Major indices continue their uncertain push sideways.
We're still waiting on information about the U.S. debt limit …
There are more details here.
There is some news about consumer credit card debt reaching all-time highs.
Read more here.
But the news isn't big enough to move market needles.
Here's a daily chart of the S&P 500 ETF Trust (NYSE: SPY) consolidation …
Keep an eye on the sentiment.
A break out to new highs in 2023 would be a huge bullish move capable of spiking low-priced stocks hundreds of thousands of percentage points.
Of course, we'll likely see a few moves like that either way.
Like the top watch from Friday …
GSI Technology Inc. (NASDAQ: GSIT) launched over 200% intraday. We included it in Friday's letter. And this morning it spiked another 30%.
Here's a chart …
Keep an eye on the hottest plays.
More outrageous than Elon buying Twitter?
It's official.
Today, European Union regulators approved Microsoft Corporation's (NASDAQ: MSFT) acquisition of gaming company Activision Blizzard Inc. (NASDAQ: MSFT) .
Here are the details.
Activision owns games like Call of Duty, Guitar Hero, and World of Warcraft.
This is big news for both companies.
Regulators postponed the merger last month to ensure it was fair business practice. But it seems everything checks out.
The share prices for both stocks are higher than the usual penny stock play. But it's possible this news acts as a huge catalyst for either stock.
If you have the means to trade them, watch for the chart to set up.
There's no point in trading if we don't recognize the price action .
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