Stocks to Watch for 22 May 23 From A.I. model
Today(22 May 2023) the futures edge lower as I suspect the news of debt ceiling talk stalled are making investors concerned about whether Republican would have the “pause talk” happening again today(22 May 23).
I would expect the market to open lower.
Today, I think the trading strategy would be into Healthcare - Pharmaceuticals and Biopharmaceuticals stocks.
Result from 19 May 2023.
Both SOXL and TQQQ perform below expectations in the second half of trading on 19 May 2023 when debt ceiling talks paused.
It was only resumed on Friday evening, after a six-hour pause triggered by House Republican negotiators walking out of the room in frustration.
Here is the predicted result for today (22 May 23)
We have 1 pharmaceuticals and 1 biopharmaceuticals stock to look at:
Immix Biopharma (IMMX) Announces Positive NXC-201 Clinical Results at ASGCT: 100% Overall Response Rate in DARZALEX-Relapsed/Refractory AL Amyloidosis with Zero ICANs in Ongoing NEXICART-1 Phase 1b/2a Clinical Trial.
https://finance.yahoo.com/news/immix-biopharma-announces-positive-nxc-200000829.html
Target Entry Price would be around $1.85-$1.95
If go below $1.85 I will check Bear strength
If go above $2.50 and maintain, IMMX could be headed above $4.
Trading View - Bull Strength Strong
There have been strong Bull strength build up since premarket open, so it might be advisable to wait and see how price and volume move at around 8am(EST).
$CNS Pharmaceuticals, Inc.(CNSP)$
You may refer to my article on CNSP, Pharma Stock to Watch - CNS Pharmaceuticals (CNSP)
Sentiment Analysis of predicted result
Sentiment for all 5 stocks are positive (above 0) recently. This might explain why there is a price surge for these stocks.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
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Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Saying everything is Awesome is not what I asked sir, I said are you solvent? And can I get that money back that you owe me?
Wow this strategy of analysis is so coooool!
AI is short sighted to second guess the Supreme Court
Nice move but it was up twice this much earlier
Great ariticle, would you like to share it?
Time for RUSS 2K to fly!!
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ok