Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:45 Stock Review – Mega Caps: AAPL, MSFT, ADBE, GOOGL, FB, SQ, AMZN, PYPL, TSLA, QQQ (ETF)
4) 10:50 Stock Review – Semiconductors: SMH (ETF), NVDA, AMD, AMAT, LRCX, ASML, AMKR, MXL, LSCC, CAMT, ON, POWI
5) 15:20 Stock Review – Software: BILL, CRWD, ZS, DT, DDOG, SNOW, U, ZI, ESTC, NET, DOCU, TEAM
6) 18:40 Stock Review – Medical Products: ALGN, INMD, CUTR, DXCM, IMLN, SWAV, STAA
7) 22:15 Stock Review – Watch List/General Ideas/Commentary: RDWR, LTHM, ALB, SNAP, TRMB, HZNP, ALNY, NKTX, NKE, LULU, SKX, WING, CMG, ZBRA
8) 28:00 Setups: NVDA, BILL, SKX, WING
9) 29:15 Conclusion/Summary

Market Summary:
In this video, I discuss my market view over two different timeframes: the next 4-6 weeks and the next 3-4 months. Let’s start with 3-4 months. I am bullish into year-end for the following reasons: The strong technicals, the strong price action of stocks, sentiment, and the Fed liquidity. The main reason is the price action of stocks. While going through my screens this weekend, I noticed so many strong charts which I review in this video. I just think we need to be patient and get through what could be a seasonally volatile time of the year.

This leads me to my view over the next 4-6 weeks. As I mentioned in recent videos, I am expecting volatility during this time. The majority of S&P 500 companies have reported earnings, and the news cycle will shift from fundamentals to geopolitical nonsense, interest rate talk, etc. The could result in some volatility into the end of the quarter. Also, before markets and stocks move higher, many times they put in “shakeouts” the shake out the weak hands. That is why I always stress the importance of getting strong entry points to help deal with these potential shakeouts.

Conclusion: Know your timeframe! If you are a trader, maybe keep come cash, use lighter positions, and stay a little defensive until we start the fourth quarter. If you have a longer-term timeframe, get strong entry points and be patient through some potential volatility. Either way, the same strong concepts apply: 1) Stick with the market trend. Although I’m not expecting any sustained upside over the near-term, I am also not expecting any sustained downside. 2) Stick with strong stocks (I present many ideas in this weekend’s video). 3) Get strong entry points. 4) Manage risk around those positions. If you have any questions about this or would like me to review any stocks not covered in this weekend’s video, you can ask them during the next webinar, which will be Sunday, August 15th at 7:30PM EST. Thank you and enjoy the rest of your weekend.

Unusual Option Activity
8/13/21 Illumina (ILMN) with 250 June 2023 $500 calls bought today from $112.50 to $115.30, more than $2.85M
8/13/21 Albemarle (ALB) with 150 January $240 calls bought for $24.78, adjusting higher the $230 calls
8/13/21 Pfizer (PFE) trading 6000 September $49 calls active with buyers this morning.
8/13/21 Pfizer (PFE) also 3350 Dec. $44 puts sell to open $1.40
8/13/21 Pfizer (PFE) also with a buyer of 1000 March $40 ITM calls for $8.80 today
8/12/21 Coinbase (COIN) with 250 October $260 puts sold to open today from $24.40 down to $24
8/12/21 Coinbase (COIN) also with a late day opening sale of 500 September 2022 $220 puts for $38.90, nearly $2M
8/12/21 Google (GOOGL) August $2690 calls unusually active with buyers this morning trading 1400X for over $7M
8/12/21 Cassava Sciences (SAVA) with 1000 August 27th (W) $120 calls opening for $15.30 to $15.50
8/12/21 Goldman Sachs (GS) opening sale of 200 June $430 puts for $54.30, more than $1.1M
8/12/21 Align Technology (ALGN) 500 August $720 calls being bought up to $6.80
8/12/21 Livent (LTHM) with 1200 January $30 calls bought for $2.60
8/12/21 Microchip (MCHP) 600 September $155 calls are bought $3.70 to $3.80
8/12/21 Apple (AAPL) seeing 800 September 2023 $150 at-the-money puts sold to open for $25.60, around $2M and strong vote of confidence
8/12/21 ASML (ASML) with 650 January $740 puts sold to open for $48
8/12/21 Okta (OKTA) large opening sale 2000 January $240 puts for $25.75, will report 9-1
8/11/21 Okta (OKTA) opening sale 500 September $220 puts for $6.70
8/11/21 Cassava Sciences (SAVA) opening buyer of 1000 Aug. 27th (W) $108 calls this afternoon $12.90
8/11/21 Dynatrace (DT) large late-day buyer of 3,250 November $65 calls for $4.80 to $4.90