5/1 Recap

The market continues it’s move higher after one of the greatest headfakes of all time last week. The MACD looks set to go positive and the VIX remains crushed as the fed event this week is looking to be a non event. All kinds of rumors that this will be the last hike, we will see, historically, the market has not bottomed until well after the last hike. Of course, as always, this time is different. There isn’t much to be bearish about when all the moving averages are sloping up, and the market has reclaimed trend. The time to be bearish is when the trend is near breaking or broken, that just isn’t the case right now. Apple will be the big one this week on Thursday as the biggest name in our market has the potential to move us in a big way because of its weighting.

Today’s Unusual Options Flows & What Stood Out

Interestingly this morning ISEE was acquired and obviously I don’t trade every name I post in here daily but I took a look back and 5 of the 6 trades I had logged recently were bullish and those 2500 calls bought last week worked out nicely today

104 Trades today