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Topics covered:
1) 0:00 Announcements
2) 1:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:10 FOCUS LIST: NVDA, MSFT, META, NOW, UBER, LLY, NVO, WING, CRWD, ISRG, ARM, DELL
4) 13:20 Stock Review – Software: IGV (ETF), CDNS, SNPS, CRM, APP, PSN
5) 14:20 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, ASML, AMAT, AMD, ACMR, MU
6) 16:25 Stock Review – Biotech/Medical Products: XBI (ETF), CYTK, MGNX, MRUS, VKTX, GLYC, KRYS, MEDP, SWAV, RXST, NTRA
7) 19:55 Stock Review – Restaurants: CAVA, SHAK, CMG, TXRH, DPZ, FWRG, SG
8) 21:05 Stock Review – Watch List/General Ideas/Commentary: SMCI, AMZN, NFLX, DECK, VRT, CLS, CAMT, PSTG, NTAP, CELH
9) 23:10 UPDATE ON TRADE IDEAS FROM MARCH 29th WEEKEND VIDEO: UBER, META, CDNS, CYTK, DELL
10) 25:45 TRADE IDEA: CART
11) 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.

Since the new highs that were made around March 20 and 21, the markets have been consolidating on light volume. In recent videos, I mentioned that the price action was normal and many of the growth leaders were holding key support levels. On Wednesday, I discussed how we could see a bounce off the 21-day, but if it didn’t happen, we could see a further drop to the 50-day. That’s what happened on Thursday. Many people are looking for reasons “why” the market dropped. I’m not too concerned with the reasons. I just think the market needed to shakeout some of the recent excess bullishness and it did so by correcting to the 50-day. I like how many of the stocks on our watch list performed well despite the down week for the markets. From here, we could see continued consolidation, but again, I’m not expecting any significant downside and any further pullbacks should be shallow. 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 enjoy your weekend.

Unusual Option Activity:
4/5/24 Vanguard S&P 500 ETF (VOO) with 2250 October $415 puts selling to open $5
4/5/24 Treasury ETF (TLT) seeing large opening sales of 10k May 10th $90.50 calls at $2.45 down to $2.29
4/5/24 S&P 500 ETF (SPY) seeing 44,000 May $494 puts buy at $2.48 as hedgers adjust $488 puts
4/5/24 Tesla (TSLA) massive buy of 6500 September $165 calls $24.25 to $24.90
4/5/24 Tesla (TSLA) also 2000 August 205 calls sold to open 7.70
4/5/24 Spotify (SPOT) seeing 410 June $370 OTM calls bought $8.65 to $8.90
4/5/24 Starbucks (SBUX) with 3220 May 10th $79 puts sell to open at $0.58
4/5/24 Chesapeake Energy (CHK) with 3500 May $80 puts sell to open $0.76
4/5/24 Occidental (OXY) buyers of 5000 July $70 calls at $3.60 to $3.70
4/5/24 Exxon (XOM) with 4000 May 10th (W) $130 calls bought
4/5/24 Exxon (XOM) buyer of 4500 July $140 calls at $0.88 to $0.90
4/5/24 ConocoPhillips (COP) with 3500 May $145 calls buy at $0.93 offer, bull flow in the big oil names continuing
4/5/24 Zillow (Z) sees 1100 May $45 calls buy $4.05 offer
4/5/24 Visa (V) buyer 415 September $305 calls $5.85 offer
4/5/24 JP Morgan (JPM) reports next week and seeing 3000 Sept $230 calls buy at $2.43
4/5/24 Morgan Stanley (MS) with 750 Jan 2026 $92.50 puts sell to open $11.85
4/5/24 Pfizer (PFE) August $23 puts sell to open 5000X at 0.51
4/5/24 Viking Therapeutics (VKTX) 900 July $95 calls sell to open 8.40
4/5/24 J&J (JNJ) seeing 1900 July $165 calls buy at $1.32
4/5/24 J&J (JNJ) also a buyer of 5000 Sept $170 calls at $1.60
4/5/24 Amazon (AMZN) sees 9320 August $205 calls sell to open at $6.80
4/5/24 Dell (DELL) buyer 1600 OTM July $185 calls $2.20
4/5/24 Dell (DELL) buyer of 1200 August $100 deep ITM calls at $34.50, over $4M
4/5/24 Meta (META) $28M position May 10th (W) $480 calls 4500X opens as this week calls adjust
4/5/24 Google (GOOG) buyer of 2616 September $190 calls at $2.78
4/5/24 Advanced Micro (AMD) opening sale 650 March 2025 $150 puts 17.40
4/5/24 Arista (ANET) buyer of 1000 May 3rd $310 calls at $9.25 as April calls adjust to capture earnings 4/29
4/4/24 S&P 500 ETF (SPY) buyers of 17,500 April $529 calls $2.56 to $2.59
4/4/24 Semiconductor 3x Long ETF (SOXL) with 4000 May $48 calls bought $5.90
4/4/24 Gold Miners ETF (GDX) buyer 10K June $34/$38 call spreads for 1.12
4/4/24 Oil & Gas ETF (XOP) 2000 Sept $180 calls bought $4.60
4/4/24 DoorDash (DASH) buyer 1000 June $160 calls $4.88
4/4/24 Marriott (MAR) buyer 300 June 2025 280 calls for 22.65
4/4/24 Valero (VLO) more bull flow with 5000 June $200/$160 bull risk reversals opening for $1.63
4/4/24 Valero (VLO) also buyers of 750 Sept $210 calls at $6.25 offer
4/4/24 Occidental (OXY) seeing buyers 13,000 May 70 calls
4/4/24 Marathon Oil (MRO) with 3000 July $33 OTM calls bought $0.70
4/4/24 JP Morgan (JPM) seeing buyer of April $197.50 calls 1750X up to $5.50
4/4/24 Citigroup (C) massive buyer flow in June $62.50 calls over 23,000 trading $2.95 to $3.15
4/4/24 Pfizer (PFE) With 17,000 May 10th $25 puts selling to open at $0.25
4/4/24 Merck (MRK) April $125 calls adjust to May $135 calls bought 17,150X
4/4/24 AstraZeneca (AZN) with 1250 May $70 calls buy at $1.54, adjusting April calls
4/4/24 AbbVie (ABBV) 250 Jan 2026 $175 puts sell to open for 18.55
4/4/24 Align (ALGN) 495 September $210 puts sell to open 5.40 to 5.20
4/4/24 Arcutis Biotherapeutics (ARQT) unusual opening seller 2000 June $10 puts $1.30
4/4/24 Neumora Therapeutics (NMRA) with an unusual buy of 1500 December $17.50 calls for $4.70
4/4/24 Caterpillar (CAT) opening sales 1440 Sept 470 calls 4.75
4/4/24 CF Industries (CF) with 2000 April 87.5/93 call spreads buying
4/4/24 Dell (DELL) seeing buyers for 650 July $145 calls at $9.25
4/4/24 Oracle (ORCL) buyer 3200 July $140 calls $3.05 adjusting April 125 calls
4/4/24 Qualcomm (QCOM) 1700 Oct. 220 calls sold to open 4.80
4/4/24 Advanced Micro (AMD) buyers of 1700 May 3rd $180 calls at $10.10
4/4/24 Advanced Micro (AMD) size opening sale 1500 October $140 puts for $7.35
4/4/24 Meta (META) buyers of 1800 May $525 calls at $31.50 offers
4/4/24 Meta (META) also with 1000 July $750 calls buying for $2.70
4/4/24 Taiwan Semi (TSM) 1000 May 3rd (W) $141 calls selling to open 7.60
4/4/24 Amazon (AMZN) 2000 August 205 calls sell to open $7 to $6.80
4/4/24 Vertiv (VRT) buyers 580 max strike January $125 calls for $8.90
4/4/24 Google (GOOGL) into late day weakness size buy 3500 May 3rd (W) $152.5 calls for $6
Instacart (CART) on 4/1 with a massive opening buy of 4000 July $32 calls at $7.40 offer which follows 25,000 July $37 calls bought recently in adjustment trades while 15,000 April $34 short puts remain in open interest and buys in July $25 and $27 calls.