Link to IBD Podcast: https://www.youtube.com/watch?v=Xrr_eT_qfys
Link to CNBC Interview: https://www.youtube.com/watch?v=rucTDqfOU1g
Seasonal statistics on late June/early July: https://twitter.com/ukarlewitz/status/1670119283391893504

Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:00 Quick review of the Magnificent Seven
4) 8:20 FOCUS LIST: NVDA, MSFT, ORCL, CDNS, ISRG, CELH, LLY, PANW, NOW, TSLA
5) 12:45 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, MRVL, ACLS, ALGM, KLAC
6) 14:30 Stock Review – Software: IGV (ETF), ADBE, CRM, AI, DT, FTNT, SNPS
7) 18:00 Stock Review – Watch List/General Ideas/Commentary: ITB (ETF), XBI (ETF), AXSM, RCUS, KRYS, ABOS, WING, CMG, SHAK, DXCM, SDGR, RXST, QTRX, DKNG, EXPI, NFLX, UBER
8) 28:00 Conclusion/Summary

Market Summary:
The feedback I’m getting from members is that they like when I repeat market concepts because it takes time for things to sink in. I sincerely appreciate this feedback because it took me a long time as well, and I’m doing my best to speed up the learning curve for you. In this video, the two themes I reiterate are patience and the ability to make decisions. The market continues to act well during this seasonally strong time (from approximately June 27 through July 21). I remind members that you have to be patient to sit through normal pullbacks and consolidations. If you get frustrated during normal price action, you will never make progress in your trading. Emotions such as frustration, anger, and impatience need to be eliminated from your mind. Again, I’m trying to build calm and confident traders. You have to learn to accept pullbacks and normal price action along the way because Rome wasn’t built in a day.

From here, I am expecting continued strength into next week. I am currently 85% invested, and if we see that strength into regular cycle OpEx next week, I will look to reduce exposure. Why? Because the week after tends to be weak, and then we head into the seasonally weak months of August and September. It would make sense for the market to have a normal visit to its 50-day moving average later this summer, but again, I will take this day-by-day. I only discuss this to help you anticipate what could happen in the market, and for members that like to be tactical and vary their investment levels. If this type of trading is not for you, then take lighter positions and use the 10-week moving average as your guide. Overall, want to keep things simple! We’re in a bull market and I’m doing my best to stick to strong stocks, get strong entry points, and manage my trades. This is where you have to be able to make decisions and be ok with them. Accept that you’ll never trade everything perfectly, and do your best based on your timeframe and overall investment objectives. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
7/12/23 Oil & Gas ETF (XOP) buyer 4000 December 125/110 put spreads into today’s rally
7/12/23 Ark Innovation ETF (ARKK) buyers 8000 August $47 puts into today’s rally
7/12/23 Airlines ETF (JETS) opening seller 5000 December $24 puts $2.21
7/12/23 Tesla (TSLA) with 9000 August 4th (W) $300 calls bought for over $6M premium in large lots
7/12/23 Shake Shack (SHAK) buyer 500 Aug 11 (W) $80 calls 3.30
7/12/23 Shopify (SHOP) opening seller 1500 August $65 puts 4.80
7/12/23 Netflix (NFLX) opening sales of 550 Dec $370 puts at $14.75
7/12/23 Occidental (OXY) opening seller 1000 February 62.50 calls for 6.30
7/12/23 First Solar (FSLR) with 1000 Aug. 4th (W) $210 calls bought $5.20 to $5.55
7/12/23 Zillow (Z) with 825 June $60 calls sold to open 7.30
7/12/23 Zillow (Z) also opening sales midday for 1100 January 2025 $60 ITM puts for $13.25
7/12/23 DexCom (DXCM) opening seller 400 May $120 puts for $9.80
7/12/23 Bridge Bio (BBIO) with 1100 September $20 calls bought up to $5.30
7/12/23 Schrodinger (SDGR) with 500 Jan $45 puts sold to open 4.70
7/12/23 Schrodinger (SDGR) also with Sept $60 Calls bought for $6.35
7/12/23 Google (GOOGL) opening seller 2250 March $100 puts for 3.15
7/12/23 Oracle (ORCL) with 3000 July $116 calls seeing opening buys
7/12/23 Apple (AAPL) opening sellers of 10,000 August 4th $200 calls for $1.33, captures earnings 8/3
7/12/23 Meta (META) buyer 1100 Sep. $315 calls $19.50 as some $300 adjust
7/12/23 MongoDB (MDB) with $700K put premium sold to open in November 270 and 260 puts
7/12/23 Texas Instruments (TXN) opening sales of 500 Nov $175 puts at $7.55 down to $7.20
7/12/23 Palo Alto (PANW) seeing 1700 Dec $210 puts sold to open at $7.63 to buy the $240 calls for $25.60
7/12/23 Adobe (ADBE) seeing a block of 500 September $490 puts sell to open 16.25
7/11/23 Oil Services ETF (OIH) buyer 1350 October $275 puts $8.40 to $8.50
7/11/23 Ark Innovation ETF (ARKK) buyers of 9000 August $46 puts into strength today
7/11/23 Ark Innovation ETF (ARKK) also buyer 5000 September 45/40 put spreads 1.34
7/11/23 Rivian (RIVN) opening seller 2000 June 17.50 puts 2.99
7/11/23 Tesla (TSLA) with 8100 Sept $265 calls bought $23.95 as the July $240 calls adjust
7/11/23 Uber (UBER) buyer 1000 Aug. 4th (W) $40 calls $3.65 offer
7/11/23 Uber (UBER) 5000 January $47.50 calls bought $4.26 as July $40 adjusted
7/11/23 Uber (UBER) also buyers of 3000 August 11th $47 calls for $1.50
7/11/23 Airbnb (ABNB) buyer 2500 July 28th (W) $136 calls for $3.10
7/11/23 Airbnb (ABNB) large opening sale 3000 August $135 puts for 8.20
7/11/23 Zillow (Z) with 1100 January 2025 $55 ITM puts sell to open at $11.25
7/11/23 Zillow (Z) also seeing opening sales in the Jan 2025 $60 puts for $14
7/11/23 Visa (V) buyers of 1000 December $230 calls at $21.10
7/11/23 Adaptive Bio (ADPT) unusual opening sales of 3000 August $7.50 ITM puts for $0.90 to $0.85
7/11/23 Caterpillar (CAT) with 400 Sept $260 ITM puts sold to open for $14.80 down to $13.75
7/11/23 ON Semi (ON) with 1250 January 2025 $75 puts sold to open 7.55
7/11/23 Palo Alto (PANW) opening sale 400 December $250 puts for 20.05
7/11/23 Amazon (AMZN) opening seller 2700 June 2024 $150 ITM puts $25.85 to $25.95
7/11/23 Amazon (AMZN) also an opening seller 1400 January 2025 $150 puts for 28.20
7/10/23 Wynn Resorts (WYNN) with 800 August $90 calls bought $17.15
7/10/23 MGM Resorts (MGM) with 9500 September $47/$38 bull risk reversals opening $1.20
7/10/23 MGM Resorts (MGM) also a buyer of 2000 August $41 calls for $5.05
7/10/23 DraftKings (DKNG) 1300 ITM October $20 calls bought up to $8.80
7/10/23 On Holding (ONON) buyers of 1000 Sept $40 calls for $0.75
7/10/23 Livent (LTHM) with 1000 September $27 calls bought 2.80 offer
7/10/23 Rivian (RIVN) September $25 calls active with buyers $3.30 to $3.70 for 6000X
7/10/23 Rivian (RIVN) also with 2000 Dec. 2025 $40 calls bought 8.80 to 9.35
7/10/23 Alibaba (BABA) massive buyer of 3000 December 2025 $90 calls at $28.40 to $28.90
7/10/23 Apple (AAPL) with 18,000 August 4th (W) $180/$170 put spreads bought
7/10/23 Microsoft (MSFT) buyers of 2000 July 28th $335 calls at $8.55 to $9.30
7/10/23 Microsoft (MSFT) with buyers 7500 August $365 calls $2.58 to $2.80 in large lots
7/10/23 Nvidia (NVDA) 3500 Aug. 25th (W) $450/$470 call spreads bought to open, captures next report 8/23
7/10/23 Mobileye (MBLY) opening sale 400 November $40 puts 4.80
7/10/23 Amazon (AMZN) buyers of 5400 July 28th $125 calls bought $6.10, adjusting July 21st calls
7/10/23 Amazon (AMZN) large opening sale of 3150 December 2025 $150 ITM puts for $32.35, adjusting Jan 2025 $100 puts and showing strong confidence in current price levels
7/10/23 Homebuilders ETF (XHB) seeing 2500 Dec $82/$84 call spreads sell to open to buy the $72 puts for $2.19, likely hedge