Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 3:40 FOCUS LIST: NVDA, MSFT, ADBE, NOW, UBER
4) 6:00 Stock Review – Big Pharma/Biotech/Medical Products: NVO, LLY, VRTX, MDGL, ITCI, IDYA, IMVT, INBX, APLS, ABOS, RXST
5) 8:25 Stock Review – Software: IGV (ETF), SNPS, CDNS, PANW, CRWD, QLYS, SNOW, VERX
6) 11:45 Stock Review – Semiconductors: SMH (ETF), AVGO, KLAC, LRCX, AMD
7) 13:00 Stock Review – Watch List/General Ideas/Commentary: VRT, CMG, NFLX, CLS, FWRG, Z
8) 15:10 Conclusion/Summary

Market Summary:
ANNOUNCEMENT: The webinar scheduled for Monday, January 1 has been changed to Saturday, January 6 at 11AM EST. THANK YOU!
Just a reminder, I posted my 2024 Preview Video on the site. I am doing my best to keep things simple. We’re in a strong trend that I believe will last until mid-January. As always, I will take things day-by-day, but I’m mot expecting any sustained downside to start the year, and I will continue to use the 21-day EMA as my guide. I remain 80-90% invested and I’m sticking to those 3 rules. I recently added some speculative Biotech names, but they are lighter positions. As I’ve said numerous times, I’m ok if members want to speculate, just do it with a smaller portion of your portfolio.

As we head into mid-January, I will look to reduce my exposure, but I will address it as we get closer to that date. In the meantime, I think the market can continue higher to start the year, especially because many people I’m talking to have very low expectations and don’t believe the strength will continue. If you have any questions about any stocks not covered in this video, you can ask them during the next webinar, which will be this Saturday, January 6th at 11AM EST. Thank you and enjoy the long holiday weekend!

Unusual Option Activity:
12/29/23 S&P 500 ETF (SPY) seeing 5500 Jan 26th $485 calls buy at $2.85 as the $481 calls adjust
12/29/23 Semiconductors (SMH) large trade buying 3200 June $165 calls at $20.88 as the Jan calls adjust
12/29/23 Ark Innovation ETF (ARKK) seeing 2000 Feb $49 calls buy at $5.15
12/29/23 Homebuilders ETF (XHB) with 4700 Feb $95/$85 put spreads bought at $2.22
12/29/23 Netflix (NFLX) 1000 Feb $460/$455 bull put spreads sell to open at $1.63
12/29/23 Costco (COST) opening seller of 100 January 2026 $635 puts at $51
12/29/23 Occidental Petro (OXY) with 8426 Jan 26th $59 puts sell to open at $1.10 in a single block
12/29/23 Citigroup (C) with 3000 Sept $50 puts sell to open at $3.65 as March $47 short puts adjust
12/29/23 Immunovant (IMVT) buyer of 375 July $55 calls at $3.10 to $3.30
12/29/23 Inhibrx (INBX) odd large buyer of 5000 January $35/$50 call spreads at $5.50
12/29/23 Cytokinetics (CYTK) buyer of 1250 March $100/$115 call spreads at $4
12/29/23 Crispr Therapeutics (CRSP) opening sale 1000 April $75 calls for $4.60, popular call selling name
12/29/23 Vertiv (VRT) opening sale 1500 ITM February $47.50 calls $4.10 to $4
12/29/23 XPO Logistics (XPO) buyers of 385 August $90 calls at $12 to $12.40
12/29/23 KB Home (KBH) with 1000 Dec 2025 $45 puts sell to open $4.12 as the $30 short puts adjust
12/29/23 Meta (META) 1100 Feb. 2nd (W) $310 puts sell to open for $3.26
12/29/23 Google (GOOG) large buyer of 2000 July $135 calls at $16.90, adjusting the Jan $125 calls
12/29/23 Amazon (AMZN) seeing 1250 July $195 calls buy at $2.87 to $2.93 offers
12/29/23 Apple (AAPL) large opening sales 15,000 Jan. 26th (W) $195 puts $4.70
12/29/23 Cisco (CSCO) seeing 2300 July $47.50 calls buy at $5.20 offers
12/29/23 Texas Instruments (TXN) with 1225 Jan 2025 $210 calls sell to open at $5.41
12/28/23 Tesla (TSLA) seeing a buyer of over 3000 Feb 2nd $310 calls for $3.55 to $3.80 in large lots
12/28/23 Tesla (TSLA) also with a massive trade buying 36,000 April $240 calls at $39.78 as the Feb $200 calls adjust higher
12/28/23 Uber (UBER) buyers of 725 Feb 9th $60 calls at $5.50
12/28/23 Target (TGT) with 400 Jan 2026 $130/$160 call spreads buy at $13.50
12/28/23 Starbucks (SBUX) with 1500 July $100 calls sell to open at $5.20 bids
12/28/23 Zillow (Z) opening sale 2000 January 2025 $85 calls for 3.90
12/28/23 Citigroup (C) bullish opening sale 1000 June $55 puts $5.35 bid
12/28/23 Cytokinetics (CYTK) opening sales of 4000 Feb $65 puts at $1.50 to $1.75
12/28/23 Cytokinetics (CYTK) into dip a buyer 10,000 Jan $90/$100 call spreads for $2.50, recent data likely validates it as a M&A target
12/28/23 Cytokinetics (CYTK) another spread sells 1000 March $65 puts and buys 1000 of the $85/$110 call spreads
12/28/23 Eli Lilly (LLY) with 300 May $580 calls buy at $51.60
12/28/23 Bristol Myers (BMY) opening sellers of 950 Sept $52.50 puts at $4.95
12/28/23 Meta (META) massive buy 18,500 Feb $335 calls $35.75 as the $300 strike calls close 15K
12/28/23 Amazon (AMZN) massive buy for 140,000 March $145 calls at $14.85 as the Feb $135 calls adjust up
12/28/23 Synopsys (SNPS) with 550 Feb $470 puts sold to open for $5.70
12/28/23 Advanced Micro (AMD) buyers for 2000 Feb 2nd $167.50 calls at $2.27 as the Jan $150s adjust up and out
12/28/23 Micron (MU) large buyers of 1400 Jan $79 ITM calls at $7.55 to $7.70
12/28/23 Fastly (FSLY) opening seller of 500 Dec 2025 $15 puts at $3.65
12/28/23 Nasdaq 100 ETF (QQQ) massive trade buys 285,700 Sept $379.78 puts at $12.65, adjusting the $359.78 puts and a likely ongoing hedge