Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:20 FOCUS LIST: WING, HALO, CELH, PI
4) 11:25 Stock Review – Energy: XLE (ETF), XOP (ETF), OIH (ETF), SLB, APA, OXY, CVI, ADM
5) 14:20 Stock Review – Biotech: XBI (ETF), IBB (ETF), BIIB, AXSM, NBIX, SRPT, PRTA, AMLX, FDMT, PCVX
6) 16:45 Stock Review – Medical Products: TMDX, PRCT, HRMY, IMCR, UTHR, PODD, DXCM
7) 19:00 Stock Review – Semiconductors: SMH (ETF), LSCC, ACLS, ON, AEHR, GFS
8) 21:05 Conclusion/Summary

Market Summary:
After the last CPI (inflation) report, I discussed how I would like to see the market consolidate before heading higher. Over the past few weeks, the indexes digested sideways on lighter volume and today saw a very strong day, moving the major averages out of their recent ranges. This move higher was sparked by Fed Chair Powell’s remarks today. He basically said that future rate hikes will occur at a slower pace (50 basis points vs. the recent 75 basis point hikes). Of course, we are not out of the woods, as the Fed still needs to see a slowdown in the upcoming economic data, but the overall price action continues to improve.

This week, I increased my investment levels from approximately 30% to 45%. I currently own a blend of Index ETFs, Sector ETFs. and individual stocks. Right now, the indexes continue to act better than growth stocks. In this video, I explain how I would like to see the indexes digest sideways and have more growth stocks provide stronger entry points over the near-term. Also, please keep in mind that I share my investment levels for informational purposes and they are always subject to change. As always, I encourage members to make their decisions based on their own timeframe and investment objectives. I also present a Focus List of stocks that I have higher conviction in over the next 6-12 months. As more stocks setup and hopefully market conditions continue to improve, I will present more ideas to members. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
11/30/22 Nasdaq 100 ETF (QQQ) trading 12,000 Jan. 6th (W) $292/$312 call spreads
11/30/22 Oil & Gas ETF (XOP) with sellers of 7000 Dec $143 puts $3.45 also with 7000 of the $150 calls sold $6.30 looking for a range
11/30/22 Lattice Semi (LSCC) unusual buyer of 1000 January $70 calls aggressive on $4.80 offer
11/30/22 Axsome Therapeutics (AXSM) buyer of 2000 January $80 calls for $4.10 offer
11/30/22 Sarepta Therapeutics (SRPT) spread sold 200 April 100 puts to buy 200 of the $115/$125 call spreads for a net credit
11/30/22 Schlumberger (SLB) spreads selling 2878 February 442.5 puts to buy 4425 $55/$60 call spreads
11/30/22 Biogen (BIIB) spreads 1000X selling April $285 puts and buying July $285 puts
11/30/22 ON Semi (ON) opening seller 1640 February $60 puts for 2.93
11/30/22 Netflix (NFLX) seeing 1000 Dec 23rd $320 calls bought $1.99
11/30/22 Amazon (AMZN) early buyers of 1000 next week $87 calls $5.85 offer
11/30/22 Apple (AAPL) buyer of 2000 Dec 30th $143 calls up to $5.80
11/29/22 Energy ETF (XLE) buyer 25,000 March 80 puts 3.13 as Dec. 80 adjust
11/29/22 Semiconductor ETF (SMH) with 1500 February $195 puts bought $7.15
11/29/22 Home Depot (HD) seeing 700 May $305/$230 put spreads bought for $15.50
11/29/22 Exxon (XOM) buyer 2000 February $90 puts $1.24
11/29/22 Tesla (TSLA) large opening sale 10,000 March $160 puts for $14.65
11/29/22 Goldman Sachs (GS) with a block of 500 June $450 calls sold to open for $9.25 bids
11/29/22 MasterCard (MA) buyers of 1000 April $400 calls near $7.30
11/29/22 Visa (V) buyer 1000 March $225 calls $7.20 offer
11/29/22 Amgen (AMGN) with 1000 Dec 277.5 puts being sold to open this morning near $4
11/29/22 Apple (AAPL) buyers active in Dec. 9th (W) $140 puts 7000X in the opening hour
11/29/22 Microsoft (MSFT) opening seller of 7000 Dec 23rd $255 calls at $1.84
11/29/22 Coupa Software (COUP) aggressive buyer of 550 March $65 calls for $7 to $7.14 above the offers
11/29/22 Netflix (NFLX) with 800 June 2024 $550 calls sold to open for $14.50
11/28/22 Energy ETF (XLE) with 2500 February $98 calls sold to buy the $86/$70 put spreads
11/28/22 Energy ETF (XLE) also with 10,000 Dec. 30th (Q) $85 puts bought
11/28/22 Lululemon (LULU) opening seller 400 January $360 puts $21.25, reports next week
11/28/22 Wynn Resorts (WYNN) seeing a buyer of 1000 June $85 calls at $10.43
11/28/22 Home Depot (HD) block of 1000 January 2024 $360 calls sold to open for 25.55
11/28/22 Occidental (OXY) this afternoon with large buyer 1250 June 67.50 calls $10.95 offer
11/28/22 Diamondback (FANG) with 1000 Dec $161.19 calls bought $1.20 and 1500 Jan $160 calls bought $4.30
11/28/22 Guardant Health (GH) with 2300 December $42/$40 bull put spreads sold to open at $0.61
11/28/22 AbbVie (ABBV) opening seller 700 May 165 calls 8.25
11/28/22 Coupa Software (COUP) buyer 600 Jan. 6th (W) $60 calls $8.10 with recent M&A talk
11/28/22 Microsoft (MSFT) buyer 5350 March $250 calls $13.65 offer, same spot of size buyer on 11/23