9/11 Recap

The market had an interesting session with one of the largest companies in the world, TSLA exploding 10% higher on nothing material, lifting all of the names in the XLY. Amazon was a big beneficiary of that move as a fellow 20% component in that index. All of this on the mention of Dojo being potentially worth $500b. Aside from that tomorrow should be a calm session with people exiting positions they don’t want before CPI Wednesday morning. If CPI comes in hot you can expect a big reversal, otherwise, for now, the price action in markets is quite bullish. Semis really being the only weak component with NVDA down quite a bit today.

The SPY formed a higher low so far from the 8/20 low. It is back over the 8 ema at this moment, but don’t let your guard down, we are only about 1.5% away from potentially breaking this 11 month long uptrend( the white line). Again, Wednesday should be when we get our answer to all these questions of what is next.

The big question ahead for me is when will this oil rally finally start to hurt the consumer and businesses? Last year oil wrecked everything and here since late June, oil is up over 30% in just 2.5 months. This should be pushing inflation up and ideally we would see oil come down. The chart below shows oil flagging for another leg up, it would be nice if we could get a little cooling off period there.

Also today alot of 2026 options opened on names, so if you’re interested in further out strikes on your leaps, you can begin to look out that far.

Trends

No surprise here, the top trending names of the past 1 week, 2 week, month were AMZN and TSLA, look at the moves they made today. These trends are mostly working as they should in terms of what names are showing strength after the options were bullish, you will notice ORCL, INTC and OXY at the top of the short term trends. Obviously many bad ones in there like PFE and JD. It happens, these big players aren’t always right, but mostly they are and the big thing I’ve always said was to focus on the levels they sell puts at in the table below and come up with your own gameplan around that. You’ll see today the monster put sale on Home Depot I noted below and how I sold puts even further below that. That is the right way to play these.

1 Week

2 Week

1 Month