Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 11:10 NEW FOCUS LIST – Semiconductors: AMAT, LRCX, ASML, KLAC, ICHR, CAMT, NVDA, MU, ON, SMH (ETF)
4) 18:10 NEW FOCUS LIST – Medical Products: IHI (ETF), INMD, ALGN, VCEL, SWAV, NARI, INSP, NVCR, HALO, STAA
5) 24:00 NEW FOCUS LIST – ETFs: QQQ, XRT, SLX, SMH, IHI
6) 24:50 Stock Review – Watch List/General Ideas/Commentary: FND, HYRE, NTLA, MGNX, RCUS, CLDX
7) 26:50 Conclusion/Summary

Market Summary:
I got many emails this week from members who are frustrated with this market. The obvious challenge is that the major indexes are in strong uptrends, but many individual growth stocks are still in correction mode. I sent out an email memo on Tuesday to try and offer some words of encouragement. In this video, I discuss several ways to minimize frustration such as protecting confidence, being patient, using smaller positions, staying focused on the best stocks, and using a blend of ETFs to give you broad exposure to the index strength.

Regarding the markets, the Nasdaq Composite pulled back to its 21-day moving average on Monday and Tuesday of this week. The good news is it happened on light volume and there’s very little distribution in the market. Overall, I feel the Nasdaq is carving out a handle to its base and consolidating the gains from earlier this month. We could still see some volatility over the near-term (especially if the S&P 500 decides to pull back to its 21-day), but if this happens, I don’t see any sustained downside. This is why I stress the importance of getting strong entry points to deal with the possible volatility and normal pullbacks. In this video, I review a focus list of stocks in the Semiconductor and Medical Products sectors, as well as some sector ETFs. If you are getting frustrated with this market, please remember to protect your confidence and be patient. Good luck for the remainder of the week and see you on Saturday for the next video.

Unusual Option Activity
4/21/21 Russell 2000 ETF (IWM) size buyers 4000 July $224 calls this morning $6.73 to $7.04
4/21/21 Biotech ETF (XBI) seeing 2000 December $135 calls open $10.50
4/21/21 Apple (AAPL) morning opening sale 2000 October $130 puts for $9.85
4/21/21 Facebook (FB) buyers 5000 next week $305 calls in offer sweeps $7.40 to $7.90, reports 4-28
4/21/21 Alphabet (GOOG) with 200 January $2,300 puts sold to open for $223
4/20/21 Celldex Therapeutics (CLDX) with 1000 August $25 calls bought on the morning from $5.00 to $5.90
4/20/21 Airbnb (ABNB) with 325 October $175 puts sold to open $26.70 into morning lows
4/20/21 Micron (MU) with 1000 August $90 calls bought $6.75 offer and 3500 July $85 calls being bought $8
4/20/21 Roblox (RBLX) opening seller 400 October $75 puts ITM to open $15.80
4/20/21 Diamondback (FANG) opening sale 350 January $85 puts ITM $19.10
4/20/21 MasterCard (MA) with 250 January 2023 $390 calls bought today for $50.40 to $50.50
4/20/21 NXP Semi (NXPI) with 300 October $210/$160 bull risk reversals opening
4/20/21 Microsoft (MSFT) July $265 calls active with buyers all day trading over 8000X in $8.50 to $9.25 range
4/20/21 Amkor Tech (AMKR) with 2000 May $24 calls being bought into the morning lows for $1.15 to $1.20, earnings on 4-26 and strong history higher five of the last seven
4/20/21 Taiwan Semi (TSM) with 1000 August $105 puts sold to open today for $3.30
4/20/21 Applied Materials (AMAT) with 1000 January $120 puts selling to open for $13
4/19/21 JP Morgan (JPM) with 1,500 December $130 puts sold to open for $4.75 this afternoon
4/19/21 Applied Materials (AMAT) with 400 June 2022 $110 puts sold to open today for $12.40
4/19/21 Apple (AAPL) opening sale 1000 May 7th (W) $134 puts $4.50 to $4.40 on the open.