Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 16:40 Stock Review – Watch List/General Ideas/Commentary: DHI, LEN, TMHC, TOL, HD, LOW, ITB (ETF), XHB (ETF), SMH (ETF), LRCX, ON , ONTO, NVDA
4) 21:30 Conclusion/Summary

Market Summary:
As I mentioned in recent videos, stay defensive! The market is in a correction, and it will require some patience before the selling and volatility calms down. More importantly, we need to wait for more bases/safe entry points to show up in growth stocks before we see a SUSTAINED new uptrend. I’m not going to get overly bearish because some sentiment measures are starting to get very negative, but I prefer to be patient until market conditions improve. I assume this upcoming week will be volatile, and I don’t mind missing a few days here and there because this is the type of environment where traders can get tossed around. If you feel like trading, I suggest using lighter than normal positions to help deal with the increased volatility.

If I can provide a silver lining to this correction, there will be tremendous opportunities after the selling calms down and we see signs of accumulation again. I will stay on top of this market every day looking for signs of healthier conditions, and also paying attention to the stocks showing the best relative strength. They will provide great opportunities, but we just need to be patient until then. If anything important comes up in between the regularly scheduled videos, I will either email all the members or conduct a special webinar. In the meantime, if you have any questions, you can ask them during the next webinar, which will be Monday, December 4th at 7:30PM EST. Thank you and have a great weekend!

Unusual Option Activity
12/3/21 Salesforce (CRM) with 1000 April $260 calls opening $21.75 to $22
12/3/21 Marvell (MRVL) seeing 6000 February $82.50 calls bought for $6.38 as January $75 adjust
12/3/21 Marvell (MRVL) also a buyer of 1500 June $95 calls for $6.69 this afternoon
12/3/21 Nvidia (NVDA) into afternoon lows with 1750 April $260 puts selling to open $18.85 to $18.70
12/2/21 Tower Semi (TSEM) with 1500 January $40 calls bought $1.30
12/2/21 Apple (AAPL) trading 120,000 Dec. 31st (W) $160/$170 call spreads into morning weakness
12/2/21 Palo Alto (PANW) with 17000 January 2024 $500 puts sold to open $74.28 as the $250 adjust
12/2/21 Facebook (FB) with 5000 Dec. 23rd (W) $300/$310 call spreads opening
12/2/21 Bill.com (BILL) large open of 5000 May $280 calls for $38 as the $320 calls adjust
12/2/21 Roblox (RBLX) the Jan. 2023 $140 calls up to 2350X this morning with buyers $28.50 up to $30 and higher
12/2/21 Unity Software (U) with 1000 February $125 puts sold to open $8.20
12/2/21 Rocket Labs (RKLB) buyers active this afternoon for 2000 January 2023 $20 calls near $4.15