🔥 August 30, 2024 PREMARKET Updates: SOFI, NIO, LUNR, INTC, NVDA💰 AMAZING PCE Results 📈

what's going on welcome back to training stocks today is August 30th happy Friday everyone I want to give you a quick pre-market update over some the hot movers and what big money is doing today before get to any of that make sure guys hit that thumbs up and with that let's get right to it so pce just came out better than anticipated so the last uh several data points that was going to no doubtedly move the market all came in absolutely amazing as planned so the core came in at 2.6 on a year-over-year basis forecast was 2.7 month over month came in flat so in reality this is the best type of scenario and no doubtedly is giving the rubber stamp for rate Cuts next and as a byproduct Futures are very very green at the same time you also do see the fear and greed index moving to the greed category so meaning people's appetite for risk is going to go the hell up and so a lot of heavily shorted stocks like yeah shorts will be really on edge over the next little bit so definitely stay tuned starting off Sofi it is figgy backing off of the broader Market um no actual news from the company itself nothing at all they do have their that fireside chat coming out on the 9th I do believe that's when they announced that but aside from that it is just honestly a kickass stock I think a lot of bigger entities are looking at it for the value play it truly is and shorts yesterday they kind of admitted defeat and I feel like today will be the similar type of nature so right now 17.65% of the free float is being shorted so anticipate especially with it being a long weekend shorts definitely do not want to hold it over that time period so once again I feel like shorts will definitely be uh on edge as of right now though with the $818 just watch for this 843 to be that next strong Target SL resistance so it's currently trading between this R1 and R2 so 798 will be that next strong support kind of bounced off of that yesterday as it was pulling down so we know that's a good support level so yeah just it's going to be a lot of volatility so just anticipate that intuitive machines so they did get that deal or Grant from the um NASA kickass news and so so yeah I think like I said going back over here people's appetite for risk is increasing that is really going to propel a lot of stocks such as intuitive machines higher So currently up 20.33% premarket this is also a stock that is heavily shorted and so right now 18.25% of the free flow is being shorted works it to be 10.23 million shares utilization 82.9 5 short score so the higher the number the higher the likelihood of a squeeze happening is 77 42 right now with it at 579 it is trading between these two points so this pivot and this R1 so 512 will be the strong support I don't anticipate that being touched whatsoever today and then 593 is going to be the next strong resistance I see actually that being touched and potentially propelling into this R1 and R2 so stay tuned for that Neo even though there has been no news today or SEC filings as you can kind of see there is a ton of big money and bigger institutions getting into Neo premarket so it is up 6.09% so once again going back to Sofi I think just a lot of entities now are seeing Neo for the discounted play that it is Neo often enough got hit because of geopolitical issues and just being a Chinese stock yet despite that though like it produces tenfold of what for instance lucid and rivan does and if you put the same multiple that lucid does on Neo Neo should be at $15 so just something to keep in mind it is somewhat heavily shorted and my apologies somehow I always have to hit refresh for ortex but um it is somewhat heavily shorted so 13.68% of the free flow is being shorted Works set to be 178.6 million shares overall are being shorted right now with it at $419 it is trading between these two points so this S2 and S1 so 408 is going to be the strong support and then 427 is going to be that next strong resistance SL Target Neo is heavily manipulated so I do feel that there is a likelihood of this S2 being touched so just stay tuned so if you're looking at buying or want to average down or do whatever floats your boat then yeah S2 could be touched so just kind of add that to your watch list Intel I think a lot of us generally know that Intel has been sucking over this a long long time period and based on this they're starting to approach a lot of big Banks and other entities just for ideas whether it be splitting their business or some aspect so they're they're trying to fix something and so I think that's generally good despite them necessarily going through the troubles that they are it's not heavily shorted so 2.68% of the free float is being shorted works out to be 14.61% shares overall are being shorted shorts have actually doubled down so it is at basically alltime High short interest numbers normally it was between that 1 and 2% so one and a halfish and so yeah as of late uh the sharks are circling Intel and maybe this is why Intel is doing what they are doing because they they sense that blood right because it is just a fine line between this and then it gets to the 10 10 15 20% short interest so once again kind of just watch for that with it at $21.30 is trading between this pivot and this R1 so 2151 will be the next strong resistance SL Target 2081 is going to be the next strong support in my opinion I feel like it will actually break Above This R1 and trade between this R1 and R2 only because once again the market is going to be looking for Value plays and Intel yeah they're struggling but at least they're trying to fix them M themselves and just looking over this last one year it is down 41.33% that shouldn't happen with Intel so that's just my own interpretation and Nvidia is getting a ton of volume and I don't think I need to explain to you on exactly why once again it kind of goes back under that value um part right there but yeah a lot of big money is getting into it it's not heavily shorted and right now with at 1118 and change it is right above this pivot point so 11857 will be a strong support flip side 131 is going to be the next strong resistance Target very wide Gap so just anticipate a lot of volatility in the foreseeable future in my opinion I do feel that it will trade between this pivot and this R1 but most likely it could actually at the same time break below that into this S1 and pivot it's going to be a lot of volatility so just anticipate that but I think based on their earnings they did signal that they are forecasting huge numbers in the growth and revenue so honestly does it justify to be lower no that's just my thoughts so let me know your thoughts hopefully everyone's having a good weekend or I guess Friday so far into the weekend one final thing take advantage of this promo simply sign up for a new account throw $100 at it they give you five free stocks each stock is valued up to $2,000 so this is a kickass deal link in the description below and also the comments with all that said appreciate all of you watching