IWM like how this chart has been holding up as of late. If bulls come strong, we can get a run to $150-155.
DOCU $205 call buyer for 8/28/20 gives this chart a little more spice. Buyer placed a $1M bet on the $205, furthermore a $3.7m bet came in @ $195 to form a higher low. Worth watching
After watching the Fox interview with POTUS. He seems almost confident the market will be seeing all-time highs leading to November. The dollar ( DXY ) has been weakened, TVC:USOIL still getting bids, and TVC:TNX closed higher. The market has usually been used to manipulate the real economy, and with NYSE:AZN phase 1 data due tomorrow... this could be the...
BABA with FXI on a nice downtrend. You can argue the fluff out of China was overblown and China names are gapping down $NIO for example.
AMD some solid action today. Leaning more towards the sell side, but had a lot of accumulation today. AMD Inc. (AMD) is expected to report its Q2 earnings later this month on July 29. They missed earnings last time, but some call buying came in today.
Semis having a crazy day with NASDAQ:SMH pushing higher. 52 highs likely at this rate.
TVC:DXY and NASDAQ:TLT have been going ballistic. Slight pop on the dollar today... key is fed keeping this down. Leaning more towards neutral until dollar back below $96.50s or so.
NYSE:D with $XLE looking like a rocket ship to downside. I was not expecting this horrible of a move on the Berkshire news. But there is one thing for certain (possibly two): 1. 2020 is off to a bumpy start w/ selling the airlines before fed intervention. 2. Market seems to do opposite of what buffet does. POTUS/Fed making a statement? (Opinion) 🤨😂 Have a good...
XLK looks really good for new 52 highs but with Dividends being paid out today, looking for a slight pull back to $101s. In a better market environment I would not be Bearish, but I will turn Bullish if breakout above $104. Tech is a bit overvalued in my opinion, but looks like folks seem okay paying overvalued.
SMH $1.8M bet for $155 calls... worth try >$153.95
NKLA like this name over $70 with plenty shorts just above. Around $1.1M in calls came in from trader/hedge worth keeping eyes on tomorrow.
NASDAQ:FB traded quite heavy today and met with heavy sellers. All time highs just above worth a try over $240 for me.
NASDAQ:NVDA heavy call buying today would like to see a continuation and try it over $370 tomorrow. Market cooperation would be better, and Cramer mentions on CNBC never hurt anybody. Decided to also add a short position in the event the market gets too aggressive to the downside.
NASDAQ:FB $260 Call buying for Facebook $2M premium. I would like to give this a try over $237 giving it about $1 risk for a possible breakout above the 52 highs. Please keep in mind the market is overall weak. This would need to trigger with heavy buying for me to give it a try.
SPY looking like a gap down tomorrow. I would like to see at least $308 or lower (200MA) - if gap up >$314/315 will adjust.
AMEX:SPY could get interesting here over $313 lots of sellers above. Want to see more buyers step up though using $312 as my psychological stop loss
UPS a $5.4M bet came in today for more downside. Keep in mind $UPS will have earnings on Jul 28. Looking for a $104 break and flush.