9/9 Recap

The SPY saw the 8 ema cross down through the 21 ema today for a bearish crossover. You can see below the dark blue(8 ema) crossing through the light blue(21 ema). Along with that you can see we really did nothing significant today even with the gap up we’re just below the 50 day and didn’t really clear any levels we needed to. This market remains very weak, barring some miracle from Apple today at their event starting soon that saves tech stocks and the market, this is just going to take time for the moving averages to go lower, settle, and be reclaimed. Tomorrow night is the Presidential debate and certainly after it the market will see moves based on what it perceives as the leader afterwards, until then, this is just no man’s land with today just being an inside candle.

Recent Trades

PLTR - Last week in the 9/4 recap here there were a couple large Palantir trades and I noted the relative strength which was really impressive as it kept going green on days the market was red. Sure enough friday after hours it was one of the ones that got the inclusion into the S&P and is up 11.5% right now

Trends

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Today’s Unusual Options Activity

Here is today’s link to the database, as always it will expire tomorrow at the open and the rest of today’s action will be included by this afternoon.