6/12/26 Recap
The SPY is hammering over the 21 ema right now and is on the cusp of entering a new uptrend with a close here. That was a vicious 4 day move down when we last broke the 21 but in classic fashion President Donald J Pump stepped in yesterday with a save as we approached the 50 day. The thing with Trump is he is incredible for stock bulls, in his 6 years in office, he always manages to say the right thing right when the market needed it and right here we have this new “deal” with Iran. We will have to see how long this lasts and what the real terms are. For now, he has managed to save the market if this closes anywhere up here. These last 4 days are why I highlight the importance of the 21 ema, you don’t know how weak we’re going to get or how long we’re going to be weak but you know you’re going to be weak so you adjust your positioning accordingly. Eventually, we end back up over the 21 ema, in this case 5 sessions later and thankfully not months later like in 2022, and you resume your bullishness until the next breakdown.
Database Updates
As I’m constantly pushing new updates out, I wanted to highlight some of the small things you will see today.
Insider Buys - I took your feedback, alot of you wanted insider buys and now you have a tab with a daily updated list of insider buys. You can sort by date, value, etc and you can see all the insider buys on all tickers and clickthrough right to their page in the database. Insider buys are great to see because then you can plan your put sales below levels key executives bought shares at so it is relevant and I’m happy to add it for you. On individual stock pages, if there has been an insider buy you will see it, if not there will be nothing.
Novel Tickers & Structured Trades - On the daily chart tab in the database now if you scroll below today’s action you will see 2 new sections. The structured trades is where you will see the risk reversals/synthetics logged that day and the novel tickers will be names that I am logging for the first time in a long time. Below is what yesterday showed and today TENX is up 13%. Amazing how that works sometimes. The point here to be able to let you dig deeper into unique names which may actually be shady activity and its hard to say TENX yesterday was just a lucky guess right now with no trades ever and a $1.1M bet hours before it pops 13% the following day.
Show Math - On all trade ideas generated by the database you will now see an option to see the math for all of you who were confused by where the numbers were coming from. You have to click it to see the work but it is there for you to understand what was generated and how.
Date Stepper - This replaces the old date picker on the daily chart, it’s centered with arrows on either side to make scrolling through the database a little easier.
My Open Book
Trades I Made Today
INTC - I sold 109 puts for next week 300x for 1.48. This is breaking out on the daily chart today. It is breaking the downtrend from early May and I sold 300 puts just below the 21 ema incase it pulls back but this should be a relatively easy trade barring news or overall market meltdowns. Either way at 109 this is a buy and this remains my favorite name at the moment and I’m pressing it.
