Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:10 Historical Precedents
4) 11:10 Stock Review – Semiconductors: SMH (ETF), AMAT, ASML, LRCX, CAMT, UCTT, ICHR, NVDA
5) 16:05 Stock Review – Medical Products: SWAV, ALGN, STAA, INMD, VCEL, PGNY
6) 18:15 Stock Review – Watch List/General Ideas/Commentary: CELH, UPST, RBLX, CELC, FDX, UPS, XPO
7) 20:15 Setups: (half positions) NVCR, ALB, RDWR, VOR, NVS
8) 26:00 Conclusion/Summary

Market Summary:
In last weekend’s video, I mentioned three positive developments in the markets: 1) The slow down in institutional selling 2) The increase in bearish sentiment 3) Growth stocks acting better. I said several times that the market still needs to prove itself, and so far this week, the price action continues to improve. What I like specifically is that the Nasdaq Composite and Russell 2000 are back above their 50-day moving averages. Also, the IWO (the Russell 2000 growth ETF) had a follow-through type day today and the IWC (the Micro-Cap ETF) had a very strong day and got back above its 50-day. Most importantly, the price action of stocks continues to improve and some decent bases are forming.

Of course, we are not out of the woods yet, but the overall recent price action is a step in the right direction. In this video, I review stocks in the main growth sectors that are acting well (Semiconductors and Medical Products). I also present some setups that are near safe buy points. I still think it’s worth using half positions on any new buys to see if these setups can show a decent profit. If they work out, that means market conditions continue to improve and there will be more setups to follow. If they fail, at least you hopefully don’t get hurt too bad with lighter positions.

Regarding the weakness the market usually see towards the second half of June, I prefer to take this one day at a time. I’m simply trying to present higher probability situations to the members and I’m not going to stress about something that hasn’t happened yet. Let’s first get through this week and early June, and then interpret the market’s health at that time. Good luck for the remainder of the week. There will still be a Weekend Video this Saturday and the next Webinar will be Tuesday, June 1st. Please keep in mind the US markets are closed on Monday, May 31st for the Memorial Day holiday.

Unusual Option Activity
5/26/21 Roblox (RBLX) with over 2,000 July $95 calls being bought this morning around $8.85
5/26/21 Roblox (RBLX) also with 1200 July $120 calls bought
5/26/21 Radware (RDWR) more put sales today, the July $29 strike over 1850X for $0.70 and follows September earlier this week
5/26/21 Wynn Resorts (WYNN) the June 11th (W) $128 ITM calls now over 1000X with buyers up to $7
5/26/21 Taiwan Semi (TSM) with 1000 January 2023 $90 calls opening ITM up to $31.82
5/26/21 Tesla (TSLA) buyer 1200 June $695 calls $7.30 to $7.40
5/25/21 US Steel (X) buyer 2000 June 4th (W) $24 calls $1.54
5/25/21 Goldman Sachs (GS) with 1000 January $380 calls bought today $27.20 to $27.45
5/25/21 Netflix (NFLX) early spreads 1000X buying July $515 calls and selling the $450 puts
5/24/21 ASML Holding (ASML) opening sale 200 October $650 puts $47.20
5/24/21 Camtek (CAMT) sold 200 Nov. $25 puts to buy $35/$45 call spreads
5/24/21 Shopify (SHOP) buyer of 750 October $1,260 calls for $139 to open today, around $10M
5/24/21 Nvidia (NVDA) with 1000 August $650 calls opening for around $3.5M into earnings 5-26
5/24/21 Roblox (RBLX) with 500 August $95 calls bought for $9.10
5/24/21 Roblox (RBLX) also with 2,500 June $105 calls bought for $1.70 and August $100 calls bought for $8.45
5/24/21 Square (SQ) buyer of 11,000 September $200 calls for $25.13 earlier, adjusting June $200
5/24/21 Applied Materials (AMAT) with 1325 June 11th (W) $127 calls bought today for $9.49, adjusting the weekly $125 calls
5/24/21 Radware (RDWR) the September $32 puts being sold to open for $3.20 today, over 1400X, while the Sept. $30 puts also sold 1500X for $1.75, long-time common strategy in the name