Topics covered:
1) 0:00 Announcements
2) 0:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 3:45 Stock Review – Biotech: IBB (ETF), XBI (ETF), AXSM, AMLX, ACLX, PDSB, PCVX, XENE, LLY, ALNY
4) 6:30 Stock Review – Watch List/General Ideas/Commentary: CELH, HALO, WING, PI, SMH (ETF), TMDX, UTHR, ELF, ULTA, MODN, BOX, BTU, CEIX, APA, TDW, SLB
5) 12:10 Conclusion/Summary

Market Summary:
I maintain my message of remaining defensive and being patient. The major indexes are below their key moving averages and continue to get weaker. Of course, we can bounce here and there, but I’m expecting the general direction to remain down until the Fed pauses their current rate hiking cycle. I discuss when to expect this and my reasoning in my 2023 Preview. I won’t be published until next week, but I posted it on this site and also in the “Bonus Videos” section.

In the stock section of this video, I reduced the number of stocks that I review mainly because many stocks continue to fail. I will always work for you and curate as strong of a list as possible, but I prefer members don’t trade until market conditions improve. If you are inclined to trade, please keep your positions light. I am currently 5% invested and will not be increasing exposure until I see a healthier market. If you have any questions about this video, my 2023 Preview, or any stocks that you would like me to review, you can ask them during the next webinar which will be tomorrow, Thursday, December 29th at 2PM EST.

Unusual Option Activity:
12/28/22 Russell 2000 ETF (IWM) with 30,000 Feb $163 puts bought $3.07, adjusting the $166 puts lower as a likely hedge
12/28/22 Tesla (TSLA) seeing 1500 April $70 puts sell to open $4.90
12/28/22 Shopify (SHOP) with 800 Jan 2024 $44 calls sold to open $5.55
12/28/22 Netflix (NFLX) seeing buyers of 4000 March $200 puts at $4.90
12/28/22 Apache (APA) buyers of 1090 July $60 OTM calls $2.93 offers
12/28/22 Marathon Petro (MPC) with 1000 Feb. 3rd (W) $116 puts sold to open $4.85
12/28/22 Amazon (AMZN) buyer 1000 September 2023 $50 ITM calls for $36.90
12/28/22 Microsoft (MSFT) seeing 2310 Feb 3rd $255 calls sold to open $4.09, adjusting Jan’s
12/28/22 Google (GOOGL) seeing 2200 March $87 puts bought $5.85, also buyer of 2700 Jan 2024 $65 puts for $3.80
12/27/22 S&P 500 ETF (SPY) buyer of 14,000 Dec 2024 $380 puts for $39.10, adjusting Dec 2023 $460 puts
12/27/22 Tesla (TSLA) seeing 5000 March $90 puts sold to open $7.35
12/27/22 Axsome Therapeutics (AXSM) with 1000 Jan 13th $90 calls bought for $1.24
12/27/22 Netflix (NFLX) with 1500 Feb $220 puts bought for $4.80 up to $5.45
12/27/22 Exxon (XOM) with 1000 Feb 3rd $109 puts sold to open for $4.15
12/27/22 Occidental (OXY) with 1000 Feb 3rd $65 puts sold to open $3.55
12/27/22 Novartis (NVS) buyers of 1700 April $92.50 calls at $2.85
12/27/22 Nvidia (NVDA) with 1000 Jan 23rd $146 calls bought at $5.75 offer
12/27/22 Texas Instruments (TXN) with 660 Feb $165 calls sold to open for $7.80
12/27/22 Apple (AAPL) some large opening sales of 1000 December 2023 $160 deep ITM puts at $33.20
12/27/22 Apple (AAPL) also seeing more large opening put sales for 8000 October $160 ITM puts sold at $32.75