Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 11:25 Stock Review – Biotech: XBI (ETF), IBB (ETF), AMLX, BTAI, VTYX, RVNC, CINC, ACLX, AXSM, MEDP, PODD
4) 18:45 Stock Review – Energy: OIH (ETF), SLB, HAL, TDW, VAL, HES, XOM
5) 20:10 Stock Review – Semiconductors: ACLS, PI, KLAC, LSCC, ALGM
6) 22:00 Stock Review – Watch List/General Ideas/Commentary: MODN, AYX, SPLK, URI, DECK, EVH, CELH, Z, CHWY
7) 25:25 Conclusion/Summary

Market Summary:
In this video, I review the market positives and negatives. The biggest positive is the improving price action in the major indexes. The Nasdaq Composite had a Day 6 follow through day (FTD) last Friday, January 6th and had an additional FTD today, January 11th. It pulled back on light volume on Monday and Tuesday of this week and held its 21-day (all positive signs). The other major indexes are back above many key moving averages, but we still need the S&P 500 to get through its 200-day. This has been an area of resistance for the past year. As far as stocks, it’s a mixed picture. I review some stocks that are breaking out and holding, but there are others that are failing. My conclusion is that the price action of stocks is improving, but we’re still not seeing enough consistency.

The main negative is the hawkish Fed. We will get more clarity about future rate hikes after tomorrow morning’s CPI (inflation) report. If the report shows higher than expected inflation, it will be interesting to see how the market reacts. If inflation comes in light, I will be watching if we can get through that 200-day, or if the rally the past few days is a “buy the rumor, sell the news” event. Either way, I am remaining defensive until we get more clarity. I have increased my exposure from 10% to 20% and I’m still keeping my positions lighter than normal. If the economic numbers are favorable and the institutions continue to come back into this market, there will be plenty of time to make money during a SUSTAINED uptrend. Just a reminder that this Weekend’s Video will be posted by Sunday, January 15th at 6PM EST instead of the normal Saturday time due the Monday holiday here in the US. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
1/11/23 Apple (AAPL) seeing a large opening sale of 10,000 December $175 calls at $4.05
1/11/23 Amazon (AMZN) buyers of over 6000 Feb 3rd $100 calls at $2.50, captures earnings week
1/11/23 Skechers (SKX) opening seller of 1100 Feb $44 puts for $1.70 bids
1/11/23 Netflix (NFLX) opening seller of 640 June $215 puts at $7, earnings next week 1/19
1/11/23 Chewy (CHWY) with 3100 May $27.50 puts selling to open for $1.20
1/11/23 Zillow (Z) seeing May $55 OTM calls bought 1250X up to $2.16
1/11/23 Zillow (Z) large trade sold 3000 Dec $35 puts to open $4.55 and also sold 2400 of the $60 calls
1/11/23 Zillow (z) also 1100 August $30 puts selling to open 2.07
1/11/23 Albemarle (ALB) with 1440 June $155 puts sold to open $4.50
1/11/23 Taiwan Semi (TSM) massive trade buys 29,956 March $70 ITM calls for $12.90, adjusting the Jan $60 calls
1/11/23 Cloudflare (NET) with 2250 Jan. 27th (W) $45 calls bought $2.18 and $36.50 puts being sold for $0.50
1/10/23 S&P 500 ETF (SPY) seeing buyers active in April $350 puts today $5.62
1/10/23 S&P 500 ETF (SPY) afternoon buyers 10,000 March $371 puts $6.60 offer sweeps
1/10/23 AbbVie (ABBV) with 10,000 March $175 calls sold to open $1.37
1/10/23 Tidewater (TDW) buyer 1500 April $40 calls $3.70
1/10/23 Tesla (TSLA) sweep buyer of 5000 February 10th (W) $114 puts $8.15 offer
1/10/23 ImmunoGen (IMGN) over 3300 April $5 calls bought $1 to $1.30 in early action
1/10/23 Chewy (CHWY) with 1200 May $40 calls bought $7.15 offer. Also 1500 April 22.5 puts sold to open 1.22
1/10/23 Amazon (AMZN) spread sells 10,000 March $75 puts for $2.06 and sells 15,000 of the $105 calls for $2
1/10/23 Palo Alto (PANW) buyer 10,000 June $90 OTM puts for $1.64
1/9/23 Semiconductor ETF (SMH) with 30,000 March $195 puts bought this morning
1/9/23 Retail ETF (XRT) block 10K February $60 puts sold to open $1.53
1/9/23 Nike (NKE) buyer of 1000 July $115 puts sells 1500 of the $90 puts
1/9/23 Exxon (XOM) buyer 1000 Feb. 24th (W) $111 puts $4.70. Also 1300 March $115 puts bought $8.25
1/9/23 Diamondback Energy (FANG) more put sales with 1000 Feb $140 sold to open for $6
1/9/23 Freeport McMoran (FCX) buyer 6500 Feb $50 calls spread versus the sale of 10,500 of the $55 calls as Jan. $45 adjust
1/9/23 Albemarle (ALB) with 1000 February $250/$280 call spreads bought
1/9/23 Moderna (MRNA) block 650 April 185 puts sold to open 21.55
1/9/23 Salesforce (CRM) opening sale 1000 January 2024 $150 calls for 21.90
1/9/23 Applied Materials (AMAT) opening seller 400 September $100 calls for $20.10
1/9/23 ASML (ASML) with 400 September $540 puts sold to open 42.60
1/9/23 Apple (AAPL) seeing 20,000 April $130 puts sold to open $7.45 to $7.40
1/9/23 Google (GOOG) buyer 4000 March $86 puts this afternoon for $3.40 to $3.45
1/9/23 Google (GOOGL) seeing 2970 March 87 calls sell to open