The SPY continues to ride the 8 ema higher. This is not bearish at all, we had a stronger number than Powell would like to see on NFP this morning, but again with all the other central banks cutting recently, he will likely be pressured into it as well. We have alot of big data next week and things could change, but you know my stance, over the 21 ema there is nothing to worry about, on any ticker.
Recent Trades
FOUR - up 5% today to 73.20 today on the 3rd large buy from the CEO in the past month. I took a stake here a month or so back before even the first one when the company said they received higher offers than $100 when the stock was in the 60’s in the 4/2 Recap here. Look when a CEO makes 3 buys in a month and the company tells you they had offers well higher, there isn’t much to say, you probably want to hold shares.
Trends
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Today’s Unusual Options Activity
Here is a link to the database that will be open till monday at the open. I will have the rest of today’s trades added by tonight.
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