Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:50 FOCUS LIST: NVDA, MSFT, META, NOW, UBER, LLY, NVO, WING, CRWD, ISRG, ARM, DELL
4) 11:25 Stock Review – Software: IGV (ETF), CDNS, SNPS, CRM
5) 12:10 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, ASML, AMAT, AMD, ACMR, MU
6) 13:45 Stock Review – Biotech/Medical Products: XBI (ETF), CYTK, MGNX, MRUS, VKTX, GLYC, MEDP, SWAV, NTRA
7) 17:00 Stock Review – Restaurants: CAVA, SHAK, CMG, TXRH, DPZ, FWRG, SG
8) 18:10 Stock Review – Watch List/General Ideas/Commentary: SMCI, AMZN, NFLX, DECK, VRT, CLS, CAMT, PSTG, NTAP, CELH, CART
9) 20:50 UPDATE ON TRADE IDEAS FROM MARCH 29th WEEKEND VIDEO: UBER, META, CDNS, CYTK, DELL
10) 28:30 Conclusion/Summary

Market Summary:
Here are the concepts I discussed in the two 2024 Preview Videos: 1) I am bullish over the next 6-12 months because of all the technical strength we saw from November through January. The institutions aggressively came back into the markets because of the new bull market powered by AI, and they are anticipating the Fed lowering rates this year. 2) Does that mean we will go straight up with no pullbacks? Of course not! That’s why I’ve also discussed the theme of “using the 21-day EMA as your guide.” 3) Stay focused on the best growth stocks/ETFs out there. 4) Get strong entry points and manage your trades based on your timeframe and overall investment plan. If you don’t have a plan, please continue to finetune it and work on one that fits your situation. 5) Manage risk and stick to your stops. Just because it’s a bull market doesn’t mean everything is going to work out.

My simple analysis is that the current market and its leading growth stocks are consolidating their recent gains. I view the price action as healthy because this pullback is on light volume and many stocks are coming down to logical support levels. Basically, the recent price action is normal. From here, we could see a bounce for the major indexes off their 21-day moving averages. If we do see further consolidation, I would expect it to be a shallow pullback down to the 50-day. Either way, growth stocks are consolidating on light volume and I review many of them in this video. Again, it’s healthy price action overall, and I’m just trying to keep things simple. If you have any questions, you can ask them during the next LIVE webinar which will be this Monday, April 8th at 7PM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
4/3/24 Energy ETF (XLE) buyer 2500 June $98 calls $3.65 offer
4/3/24 Silver ETF (SLV) with 25,000 January $34/$47 call spreads buying at $0.46
4/3/24 Gold ETF (GLD) 5000 January 200 puts sell to open 3.22
4/3/24 Financials ETF (XLF) with 12,000 Jan $46 calls sell to open at $1.23
4/3/24 Elf Beauty (ELF) with 500 May $165 puts bought $11.80
4/3/24 Monster Beverage (MNST) 950 September 57.5 calls bought $3.80 to $3.90
4/3/24 Starbucks (SBUX) large buyer of 5000 June $95 calls at $2.04 as the May $100 calls adjust
4/3/24 Spotify (SPOT) with 200 Jan $280 puts sell to open at $35.10
4/3/24 Spotify (SPOT) also seeing large buys of 675 June $310 calls at $15.85
4/3/24 Phillips 66 (PSX) with 1000 December 200 calls sold to open 6.60
4/3/24 National Oilwell (NOV) more bull flow as 2000 May $22 calls buy
4/3/24 Goldman Sachs (GS) buyer of 600 July $415 calls at $22.75 to $23.35, earnings 4/15
4/3/24 Visa (V) with 2800 June $285/$250 bull risk reversals open at $5.57 debit
4/3/24 AstraZeneca (AZN) 6000 May 62.50 puts sell to open 0.62
4/3/24 Modine Manufacturing (MOD) buyer 1500 May $95 calls $5.60 adjusting more $100 calls
4/3/24 3M (MMM) buyers of 1300 Oct $105 calls at $3.45 offers.
4/3/24 3M (MMM) also a buyer of 1100 Oct $100 calls at $4.65
4/3/24 Cameco (CCJ) massive buyer of 10,000 January $55 calls at $6.36 with uranium hot again
4/3/24 Micron (MU) early buyer 1350 May $135/$155 call spreads
4/3/24 Micron (MU) with 600 Jan $195 calls bought $4.70 to $4.75
4/3/24 Celestica (CLS) seeing buyers of 2500 April $50 calls
4/3/24 Google (GOOGL) buyers active in September $150 calls 9800X for $16M
4/3/24 Dell (DELL) buyers of 1000 July $150 calls at $4 to $4.62
4/3/24 Dell (DELL) even seeing 1250 August $175 calls bought $2.80
4/3/24 Taiwan Semi (TSM) 1250 April $146 calls bought 4.60 to 4.70 offer sweeps
4/3/24 Nvidia (NVDA) over $15M in June $1180 calls being bought $20.70 to $21.60
4/3/24 Salesforce (CRM) 300 March 2025 $300 puts sold to open 28.60
4/3/24 Vistra (VST) with 1000 October $70 puts sold to open $7.09
4/2/24 Ark Innovation ETF (ARKK) seeing a buyer of 3500 June $49 calls at $2.96
4/2/24 Semiconductor 3x Bull ETF (SOXL) over 24k next week’s April 12th $48 calls bought at $1.60 to $1.70
4/2/24 McDonald’s (MCD) large opening sales of 1975 Jan $280 calls at $19.85 down to $19.35
4/2/24 Disney (DIS) buyers in July $135/$150 call spreads into Analyst Day as $125/$145 adjust
4/2/24 Costco (COST) opening sale of 550 May $670 puts at $4.40 bids
4/2/24 Instacart (CART) 2500 January 2026 $20 puts sell to open 1.95
4/2/24 Home Depot (HD) large trade opens 375 June 2025 $400/$350 bullish risk reversals for $1.70 debit
4/2/24 MGM Resorts (MGM) with 2000 June $50/$45 bull risk reversals open at $0.30 credits
4/2/24 Exxon (XOM) with 3700 September $140 OTM calls buying $1.14 offer
4/2/24 Marathon Petro (MPC) buyer 500 September $250 calls $4.80 offer
4/2/24 National Oilwell (NOV) with 5000 July $22 calls bought $0.75
4/2/24 Blackstone (BX) with 2000 May $120 puts sold to open down to $3.83
4/2/24 Blackstone (BX) also 600 Oct $125 puts sold to open $10.65 bids
4/2/24 Citigroup (C) with buyers 5500 April $63 and 8000 April $64 calls
4/2/24 Visa (V) buyer of 950 Dec $290 calls at $16.70 as June $250 calls adjust up and out
4/2/24 Viking Therapeutics (VKTX) 5000 July $85/$115 call spreads are bought with both legs bought
4/2/24 Novo Nordisk (NVO) sees 900 September 120 puts sell to open $7.05
4/2/24 Eli Lilly (LLY) seeing a large buyer of 1000 May $830 calls at 12.40 to $13.30
4/2/24 Modine Manufacturing (MOD) buyer 1000 May $95 calls $5.35 adjusting $100 calls
4/2/24 XPO (XPO) opening sale of 2500 April $120 calls at $3.45 as the $130 calls adjust
4/2/24 Parsons (PSN) seeing unusual 1000 June $85 calls with buyers $3.90 to $4
4/2/24 Taiwan Semi (TSM) 1300 May 3rd (W) $125 calls open $5.25 as weeklies adjust
4/2/24 Advanced Micro (AMD) buyer 500 November $190 calls $24.25 offer
4/1/24 Nasdaq 100 ETF (QQQ) buyer 1000 March 2025 $465/$510 call spreads
4/1/24 Biotech ETF (XBI) buyer 2000 May 92/86 put spreads
4/1/24 Ark Innovation ETF (ARKK) 4000 Dec $55 calls sold to open $4.50
4/1/24 Silver ETF (SLV) with 6000 Dec 31st (Q) $23 calls bought $2.29+
4/1/24 Walmart (WMT) seeing a large block of 3000 May 10th $62 puts sell to open at $2.20
4/1/24 Target (TGT) size opening seller 1100 November $165 puts at 8.85 bid
4/1/24 Kroger (KR) large opening sale of 1750 Jan $60 ITM puts at $5.65
4/1/24 Uber (UBER) 5800 May $65 puts sell to open 0.76
4/1/24 Netflix (NFLX) 300 January $745 calls sell to open $40.95
4/1/24 Lyft (LYFT) massive buy 40,000 May $25 calls $0.58
4/1/24 Lyft (LYFT) also 1700 June $20 puts sold to open ITM 2.88 bid
4/1/24 Instacart (CART) size buyer 4000 July $32 calls $7.40
4/1/24 Exxon (XOM) 2500 September $130 calls bought $2.10
4/1/24 Marathon Oil (MRO) seeing 2450 May $28 calls bought $1.40 and higher
4/1/24 Halliburton (HAL) 1200 July $39 calls bought $2.78 to $3.12
4/1/24 Occidental (OXY) 2200 August 70/80 call spreads buying
4/1/24 Occidental (OXY) also 2500 July 75 calls bought 0.89
4/1/24 Baker Hughes (BKR) with 330 Jan 2026 $30 calls buy at $7.79
4/1/24 Cheniere Energy (LNG) 1650 May 10th (W) $150 puts sell to open 1.50 to 1.45
4/1/24 Citigroup (C) 12,000 April 12th (W) $64 calls bought with the $60 calls adjusting
4/1/24 Blackstone (BX) 2000 May $145 calls sold to open 1.45 and lower
4/1/24 Eli Lilly (LLY) with 500 August $700 deep ITM calls bought $101 to $106
4/1/24 Teck Resources (TECK) large opening sales of 1500 Jan $50 ITM puts at $7.10
4/1/24 Micron (MU) seeing 5000 April $125 puts sell to open at $5
4/1/24 Micron (MU) also buyers 400 Dec 145 calls $525K
4/1/24 Nvidia (NVDA) large buyers in April 26th (W) $950 calls 10,000X near $34.50
4/1/24 Nvidia (NVDA) seeing 2400 April 12th $910/$885 bull put spreads sell to open for near $11 credit
4/1/24 Astera Labs (ALAB) buyer 1000 May $70/$80 call spreads
4/1/24 Apple (AAPL) opening seller 3000 Dec 2025 $170 calls $28.30
4/1/24 Salesforce (CRM) 400 November $300 puts sell to open $23.70
4/1/24 Applied Materials (AMAT) buyer of 1000 April $205 calls at $9.75 to $10
4/1/24 Meta (META) with 1500 April 26th (W) $490 puts sold to open $23.40 captures earnings week
4/1/24 GlycoMimetics (GLYC) a speculative name discussed recently seeing spreads sell 8000 May $7.5/$2.5 strangles to buy the Sept $4 calls 8000X
4/1/24 Mereo Bio (MREO) unusual opening sale of 2299 January $4.50 puts at $1.80 as the stock jumps. MREO is a $462M biotech that is focused on the development of therapeutics for rare diseases. It has developed a portfolio of clinical-stage product candidates. The Company has two rare disease product candidates: setrusumab for the treatment of osteogenesis imperfecta (OI) and alvelestat for the treatment of severe alpha-1-antitrypsin deficiency-associated lung disease (AATD-LD) and bronchiolitis obliterans syndrome (BOS). Short interest has also decreased by 50% the past 3 months, usually a bullish sign in bio’s