My recent Yahoo Finance Article and Interview: https://finance.yahoo.com/news/market-fed-upside-211930255.html

Topics covered:
1) 0:00 Announcements
2) 0:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:40 FOCUS LIST: XBI (ETF), CELH, SWAV, HALO
4) 15:10 Stock Review – Watch List/General Ideas/Commentary: UTHR, BLTE, VIVO, CCXI, LEGN, CORT, HRMY, TMDX, GBT, ALKS, EVH, BEAM, DICE, CYTK, ITCI, GH, LNTH, SGEN, CSTL, ARKG (ETF), MNST, ENPH, JKS, TAN (ETF)
5) 25:10 Stock Review – Big Pharma: LLY, BMY, MRK, VRTX, GSK, ABBV, PFE, AZN
6) 26:20 Stocks near buyable ranges: SWAV, ALKS
7) 27:30 Conclusion/Summary

Market Summary:
The big question right now is has the market bottomed? Or is this just another bear market rally before heading lower? Of course, no one knows the answer, but I will be open-minded and continue to analyze the positives and negatives in the market. The biggest positive is clearly the market is showing us the areas of relative strength. Many stocks in the Biotech, Biomedical, and Medical Products sectors are at or near new highs. The biggest negative is this past week’s advance occurred on lighter and lighter volume, showing that the big institutions are not convincingly coming back into the market.

The conclusion is the same: Stay defensive and be patient. Whenever there are mixed signals in the market, I will always lean towards being defensive and letting the market prove itself before getting more invested. Right now, I am approximately 50% invested in many of the names discussed in recent videos. That way, if the market continues higher, I will at least have exposure in some of the strongest names. If the market has another leg lower, hopefully being in some strong names and having a high amount of cash can cushion some of the downside. Either way, if we do get one more leg down, I am still expecting a bottom around August/September of this year and a fourth quarter rally. If you have any questions or would like me to review any stocks not covered in this video, you can ask them during the next webinar which will be Sunday, July 10th at 7PM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity
7/8/22 Ark Innovation (ARKK) opening sale 7500 January $45 puts for $7.40
7/8/22 Nasdaq 100 ETF (QQQ) buyer 12,500 October $280/$250 put spreads for $6.75
7/8/22 United Health (UNH) opening seller 400 Sep. $530 puts for $25.80
7/7/22 BioMarin (BMRN) bullish buys of 1350 January $105 calls $5.10 to $5.25
7/7/22 BioMarin (BMRN) has 1350 January $90/$80 bull risk reversals in open interest from a trade last April
7/7/22 AbbVie (ABBV) an opening seller 5000 August $130 puts for 0.85
7/7/22 Occidental (OXY) seeing 1225 of the Sept 67.5 calls bought 4.55 offer this morning
7/7/22 Dollar Tree (DLTR) with buyers active 1200 September $170 calls $11.11 to $11.25
7/7/22 Palo Alto Networks (PANW) with 500 September $390 puts sold to open $6.50
7/7/22 Tesla (TSLA) morning buyer 1000 July 29th (W) $875 calls 6.10 to 6.20, earnings 7-20
7/7/22 Microsoft (MSFT) buyer 2350 August 12th (W) $285 calls $3.85 to $3.98, earnings late July
7/7/22 Apple (AAPL) big opening seller in Oct. $145 puts today 15,000X near $9.30