Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:30 Stock Review – Energy: XLE (ETF), OIH (ETF), XOP (ETF), APA, EOG, FANG, HP, OXY, DVN, CLR, MUR, SM, RES, PTEN, MP, LAC
4) 12:20 Stock Review – Semiconductors: NVDA, ACLS, AOSL, GFS, ON, AVGO
5) 14:55 Stock Review – Big Pharma/Medical Products: LLY, VRTX, BMY, REGN, AZN, SWAV, INSP, IRTC
6) 17:00 Stock Review – Relative Strength Watchlist: BROS, SG, CLH, PANW, PCRX, EVH, HRMY, SRRA, ITCI
7) 20:35 Stocks near buyable ranges: LNTH, ATI, SWCH, DAC, TRTN, NKTX
8) 26:20 Conclusion/Summary

Market Summary:
After Tuesday’s strong day in the market, I emailed a Market Note to Members saying that the strength over the past few weeks bodes well for further strength over the next 6 to 12 months, but to expect some consolidation over the near-term. I view the pullback on Wednesday and Thursday as normal. It occurred on lighter volume and should be expected to digest the recent gains. If this is a new uptrend, I stress in this video to get strong entry points and to use the 21-day moving average as your guide. If you vary your investment levels, you can take profits when we get extended from the 21-day, and look to buy back on the inevitable pullbacks to this level. If you are a longer-term investor, then don’t panic when the market has these normal pullbacks. Again, use the 21-day EMA as your guide.

The other point I stress in this video is how I use the price action of stocks to help evaluate the overall health of the market. This not only helps to shut out the noise, but also keeps you from overthinking the macro picture. Right now, there are many stocks across several sectors that are acting well, and I review examples in this video. As always, get strong entry points and manage risk based on your timeframe and investment objectives. Good luck next week and enjoy the rest of your weekend!

Unusual Option Activity
4/1/22 Danaos (DAC) opening sales of 1000 May $95 puts between $4.30 and $4.60 this morning
4/1/22 Evolent Health (EVH) buyers of the May $35 calls today from $1.95 to $2.05, over 1000X
4/1/22 Energy ETF (XLE) large opening sale of 1,500 June 2023 $70 puts for $7.20
4/1/22 Gold ETF (GLD) buyer of 4000 April 29th (W) $180/$195 call spreads for $2.60
4/1/22 Tesla (TSLA) with 1200 Sept $1130 calls opening as April 22nd (W) $940 calls that opened 8000X on 3/11 adjust
4/1/22 Philips 66 (PSX) buyers of 4000 May $90 calls for $2.45 to open today
4/1/22 Cutera (CUTR) buyer of 2500 May $60 calls for $14.65 as the April $45 calls adjust
4/1/22 Apple (AAPL) with 6500 May 6th (W) $170 puts being sold to open $4.50 in early trades
4/1/22 Amazon (AMZN) large buyers of 2900 May 6th (W) $3500 calls $62 top $71 that captures late April earnings
4/1/22 Alphabet (GOOGL) buyers of 1150 April 8th (W) $2750 calls up to $64 to open this morning, more than $9M
3/31/22 Disney (DIS) opening sale of 400 June 2023 $150 puts for $22
3/31/22 Cameco (CCJ) buyer 5000 June $35 calls for $1.50 late as April $26 adjust
3/31/22 PayPal (PYPL) opening sale 650 September $100 puts for $13.40
3/31/22 Texas Instruments (TXN) with 10,000 June $160 puts sold to open for $2.70
3/31/22 Advanced Micro (AMD) opening seller 1500 November $85 puts for $5.95
3/31/22 Allegheny (ATI) another large unusual trade as 1000 December $30 calls open $3.40
3/31/22 Switch (SWCH) same spread as 3/30, selling the May $35/$28 strangles to buy the August $32/$37 call spread
3/31/22 Apache (APA) with 2000 April 22nd (W) $40 calls bought for $3.75
3/31/22 Nvidia (NVDA) with 9500 June $350 calls active with buyers for over $5.5M
3/31/22 Occidental (OXY) another 1450 July $57.50 calls bought today for $6.35
3/31/22 EQT Corp (EQT) with 1000 May $34 puts sold to open for $2.40 today
3/30/22 Switch (SWCH) interesting spread sells 1000 May $35/$28 strangles for $0.90 and buys the August $32/$37 call spread for $1.55
3/30/22 Allegheny (ATI) second day of late day bull flow with 2850 May $27.50 calls bought up to $2.15