Quiet morning overall, market is down just a tad. On the news front we had Google down 4% off of the Gemini news that emerged the last few days. We also had AMZN added to the Dow Jones this morning and WMT split its stock. The SPY has a big gap below from where we closed below that NVDA print last week. This remains the same story it has been all year, we continue to ride the 21 ema higher, until we don’t.
Oil had a very big move up this morning, it remains stuck in this 70-80 range.
TNX, below, is back in play. Yields rejected right where stock bulls wanted them to 3 sessions back. They remain bullish and trying to break out of this flag. Stock bulls would like to see yields break lower below 42.
Recent Trades
4 days ago I mentioned an odd put sale on a small biotech and today it is up 4.5%. This goes back to that data I posted last week from the project luckmaster noted he was working on. Again, he took the 5 trades I posted everyday and sold puts 5% lower on a timeframe of 3 weeks out, those worked at a 74% clip so far in 2024. So if you’re looking for good ways to interpret this data, you know I think put sales are the way to go and the names I highlight daily are the most interesting to me out of the whole table, he seems to have developed a pretty good system using my inputs for direction.
Trends
Some of the top trending names short term are really ripping today. Look at HOOD it’s got nearly as many bullish trades as NVDA the last 2 weeks and its flying up up another 6% today. On the 1 week timeframe hotlist COIN is up 14%, PANW snapped back rapidly up 10% today, RIVN and VRT both up 6%+ today, MU is up 5.5%, NICE is up 3% more and SMCI is up 3% after a $50 drop this morning. These are some crazy moves we’re seeing and these trends are picking up alot of them.
1 Week
2 Week
1 Month
Today’s Unusual Options Activity
So for those who didn’t notice, the link I sent out saturday, being open through the whole week means you can access the database during the market session when I’m adding to it live. That means you have a preview for a week of what the live people are getting minus the separate chat channel and the scrolling live feed. Still though, you get all the trades this week as they happen so you can make moves before the recap comes out because options do move right away at times. I just didn’t know any other way to get you a link that was up over the weekend while I was in the hospital so someone sent me the functioning live link. Enjoy it for this week, but that is why I have to post an expiring link everyday.
Here is the link for the rest of the week again and I will have the rest of today’s action added as the day goes on.
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