Topics covered:
1) 0:00 Announcements
2) 0:40 Comments on portfolio construction
3) 4:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
4) 10:00 Stock Review – Mega Caps: AMZN, AAPL, GOOGL, FB, MSFT, ADBE, NFLX, PYPL, SQ, SHOP, TSLA, QQQ (ETF)
5) 14:30 Stock Review – Semiconductors: SMH (ETF), NVDA, AMAT, LRCX, ASML, CAMT
6) 16:30 Stock Review – Medical Products: ALGN, VCEL, NVCR, STAA, SWAV, CUTR, INMD, PGNY
7) 21:20 Stock Review – Software: BILL, TEAM, DOCU, NET, DOMO, CRWD, ZS, IGV (ETF)
8) 23:00 Stock Review – Energy: FANG, XEC, CPE, XLE (ETF), OIH (ETF), XOP (ETF)
9) 24:00 Stock Review – Watch List/General Ideas/Commentary: ROKU, GRWG, NIO, APPS, MDB, CELH, SNAP, TPX, ZBRA, RDWR, OCX, UPWK, HOL (now ASTR), VACQ, SPCE
10) 32:30 Conclusion/Summary

Market Summary:
The Nasdaq Composite broke out of its 14,100-14,200 range recently and started a new uptrend. The price action in the Mega Cap stocks is positive and I think many of them will continue to run into their earnings reports later this month. Short term, the Nasdaq is a little extended and I wouldn’t be surprised to see a pullback this week. Although we are in a strong trend, please keep in mind there will be normal pullbacks to the 21-day EMA and regular shakeouts along the way. As I always discuss, get strong entry points, know your timeframe, and deal with a little volatility during these uptrends. I see this trend likely lasting until the next Fed meeting (July 28th) when the market will start to get concerned about interest rates again. Until then, don’t over complicate things and stick to the trend.

When we’re in an uptrend, many members have emailed me about the best way to position themselves. Of course, there is no right or wrong answer, but in this video I discuss three simple ways: 1) Using ETFs 2) Having a concentrated portfolio of strong stocks 3) Using a blend of the two (stocks and ETFs). How you position your portfolio completely depends on your investment objectives and risk tolerance. It also depends on if you work full time or if you trade for a living. The former might not allow you to watch the market as closely, which is why I suggest smaller positions and using the 10-week as your guide. If you have any questions about this or any stocks not covered in this video, you can ask them during the next webinar which will be Tuesday, July 6th at 7:30PM EST. Thank you and enjoy the remainder of your holiday weekend!

Unusual Option Activity
7/2/21 Pinterest (PINS) large opening sale of 1,100 November $75 puts for $7.95 today
7/2/21 Pinterest (PINS) also with 1000 July 23rd (W) $82/$95 call spreads bought for $1.60
7/2/21 Apple (AAPL) with 2,450 August 6th (W) $134 ITM calls bought from $6.85 to $6.90 to open
7/2/21 Fastly (FSLY) opening sales of 1,450 August $55 puts for $4.70 today,
7/2/21 Cerence (CRNC) with 495 February $115 calls bought today from $26.70 to $27
7/2/21 US Steel (X) with 2,900 January 2023 $30 ITM puts sold to open for $10.75
7/2/21 Zillow (Z) with 1000 September $130 calls bought from $7.10 to $7.25, follows bull flow yesterday
7/2/21 Roblox (RBLX) with 475 December $80 puts sold to open this morning for $11.50
7/1/21 S&P 500 ETF (SPY) with 10,000 September $432 calls bought today from $8.84 to $9.15
7/1/21 ARK Innovation ETF (ARKK) with over 4000 August $130 calls bought for $6
7/1/21 Twilio (TWLO) buyer of 1000 July 30th (W) $385 calls for $17.95 to $18.05, adjusting some August calls
7/1/21 Tesla (TSLA) large opening sale of 16,000 July 30th (W) $640 puts for $27.60 to $26.50
7/1/21 Zillow Group (ZG) with 1000 August $130 calls bought this morning from $7.80 to $8.20 to open
7/1/21 Zillow (Z) also with 1000 January 2023 $310 OTM calls bought for $3.75/$3.80
7/1/21 Square (SQ) with over 4000 July $237.50 calls being bought this morning for $9.70
7/1/21 Square (SQ) also seeing 2,000 August 13th (W) $240 calls bought for $17,60 this morning
7/1/21 Walmart (WMT) buyers of 3,500 July 9th (W) $141 calls for $1.23 to $1.24 this morning
7/1/21 Intellia Therapeutics (NTLA) buyers this afternoon of 500 January $200 calls for $30.80 to $31
7/1/21 Cohu (COHU) with 1175 November $45 calls bought for $2.35 to $2.40 and earlier the July $40 calls bought 2000X
7/1/21 MasterCard (MA) 1,800 October $370 calls bought from $18.55 to $19.30, follows size buyers in the October calls for Visa (V) this week