Yesterday I lined up four trades and had myself another $7,000+ day.
Today I’m giving you Wells Fargo’s insight, backed by an executive order!
Today, a signature from President Trump could send social media stocks plummeting in a hurry.
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| TRIL | Trillium Therapeutics Inc | Biotechnology | 33.99% | 2,301,949 |
| WFC | Wells Fargo & Co | Banks – Diversified | -2.68% | 47,621,055 |
| TORC | resTORbio, Inc. | Biotechnology | 50.95% | 1,727,965 |
| ADMA | ADMA Biologics Inc | Biotechnology | 4.95% | 2,557,352 |
| XSPA | XpresSpa Group Inc | Personal Services | 77.65% | 37,972,721 |
| MRNA | Moderna Inc | Biotechnology | 42.60% | 25,209,567 |
| MARK | Remark Holdings Inc | Internet Content & Information | 88.53% | 51,261,079 |
| NAVB | Navidea Biopharmaceuticals Inc | Biotechnology | 68.85% | 3,147,762 |
| ZTO | ZTO Express (Cayman) Inc | Integrated Shipping & Logistics | 12.61% | 2,556,133 |
| POWW | Ammo Inc | Ordnance & Accessories, (No Vehicles/Guided Missiles) | -16.07% | 39,131 |
| FSCT | Forescout Technologies Inc | Software – Application | -27.69% | 4,679,014 |
| AYTU | Aytu Bioscience Inc | Biotechnology | -4.17% | 18,662,230 |
| SNCA | Seneca Biopharma Inc | Biotechnology | 25.84% | 5,511,472 |
| MDGS | S ADR | Medical Devices | 58.23% | 4,248,578 |
| LK | Luckin Coffee Inc – ADR | Restaurants | -949.81% | 18,014,832 |
| FB | Facebook, Inc. Common Stock | Internet Content & Information | 27.21% | 25,764,535 |
| ALT | Altimmune Inc | Biotechnology | 60.32% | 3,490,865 |
| SRNE | Sorrento Therapeutics Inc | Biotechnology | 64.41% | 42,938,670 |
| XTNT | Xtant Medical Holdings Inc | Medical Devices | 54.42% | 1,293,503 |
| GSX | GSX Techedu Inc | Education & Training Services | -42.29% | 6,491,895 |
Facebook (NYSE: FB) is being monitored by Wells Fargo and financial institutions around the world, maybe even as I’m typing this morning.
And I believe I know exactly why!
Yesterday rumors initiated that President Trump will be signing an executive order on social media activity today.
While details of what the order would contain are unavailable, the speculation I encountered while researching this catalyst with my paid software is that social media companies (such as Facebook) will be stripped of their legal immunity and undergo rigorous fact checking.
Social media is known for being a hotspot for publication of false media, or items such as political bias which simply aren’t true.
I believe this is President Trump’s attempt at regulating posts about him on social media which aren’t fact checked ahead of time, which could potentially impair his upcoming shot at being re-elected to a second term as president of the United States of America.
In my mind, this will drive bearish sentiment on social media stocks, including Facebook. You see, social media companies need their users to post often – it’s how social media companies continue to engage attention from users.
With more frequent posts comes a higher probability of users being more active on social media, thus increasing their likelihood of seeing and interacting with a sponsored post or digital banner, which is how social media companies make the large majority of their money – advertising.
I am bearish on Facebook into today’s trading session and may even consider starting a short position early in the day.
As shown in the chart above, Facebook has short-term overhead resistance at $235/share… Below $235/share, and the stock could drop to $200/share, maybe even by the end of the week.
This is the move I’ll be looking for to take advantage of. If put option sweeps and dark pool prints do happen on Facebook today, my guess is they’ll happen earlier rather than later – this would only further increase my confidence in a potentially bearish day for Facebook’s stock today.
Happy trading & let me know how you do today!
Yours for TrackStar trading,
Davis Martin
America’s #1 Premarket and Day Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.