Topics covered:
1) 0:00 Announcements
2) 5:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:30 FOCUS LIST: XBI (ETF), CELH, SWAV, HALO
4) 11:15 Stock Review – Watch List/General Ideas/Commentary: EVH, MNST, CALM, GH, PRCT, LNTH, IRTC, ARKG (ETF), GBT, CCXI, XENE, DICE, NGM, AXSM, CLDX, TMDX, CSTL, ASRT, MPWR, PI, ON
5) 23:15 Conclusion/Summary

Market Summary:
The price action this week was strong. The big up day on the Nasdaq Composite occurred on heavy volume, and the light “pause” days around it were on lighter volume. I also liked how the Nasdaq Composite and Russell 2000 were up better than the S&P 500 for the week, as the former two indexes tend to be a sign of “risk on” when money is being put into growth and small cap names. There are still some negatives out there: 1) The major indexes are extended from their 21-days. 2) With earnings season coming to an end soon, the news cycle will shift to geopolitics, interest rates, and all sorts of nonsense that will lead to higher volatility. 3) August and September are traditionally two of the weaker months of the year.

The biggest negative that I don’t want members to overlook is that the Fed is STILL raising rates. Friday’s Jobs Report came in hotter than expected and a few Fed members were out over the weekend pushing for a 75 basis point rate hike. We also have to get through this Wednesday’s inflation (CPI) report, which could solidify two more rate hikes if it comes in hot. My point is DO NOT get complacent right now. The market is acting better, but we are certainly not out of the woods. I remain approximately 50% invested and might reduce exposure a little more early in the week, as I am expecting a pullback to the 21-day over the next week or two. As always, make decisions based on your own plan. If you have any questions, you can ask them during the next webinar which will be this Sunday, August 7th at 11AM EST. Thank you and enjoy the remainder of your weekend.

Unusual Option Activity:
8/5/22 NGM Bio (NGM) unusual buy 600 January 17.50 calls 2.90 offer sweep
8/5/22 Twitter (TWTR) seeing 1000 November 45 calls bought aggressive up to 3.85
8/5/22 Taiwan Semi (TSM) opening seller 1100 March $90 puts for $9.20
8/5/22 Dutch Brothers (BROS) buyer 1000 Oct $35 puts $3.40 aggressive offer buy on wide bid-ask, reports 8-10
8/5/22 HF Sinclair (DINO) opening seller 3380 September 35 puts for 0.53
8/5/22 Advance Micro (AMD) buyer 1000 March $125 calls $8.30 offer
8/5/22 Google (GOOGL) with 15,000 November $105 calls opening as August adjust
8/4/22 Ark (ARKK) active put buyers again with 10,000 September 48 bought early up to $3.10
8/4/22 Global Blood (GBT) seeing August/September $50 call calendars active over 6000X
8/4/22 Sysco (SYY) opening sellers 1000 January $95 calls for $3.50
8/4/22 Shopify (SHOP) opening sales 4700 November $24.50 puts $1.05
8/4/22 EOG Resources (EOG) with 750 September $115/$100 bear risk reversals opening
8/4/22 Karuna Therapeutics (KRTX) opening seller 2000 Sep. $175 calls for $6
8/4/22 Amazon (AMZN) buyer 1600 November 140/120 put spreads for 6.50