Link to the recent Breadth Thrust Signal: https://quantifiableedges.com/a-3x-70-breadth-thrust-signal/

Topics covered:
1) 0:00 Announcements
2) 1:10 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:20 Comments on the Relative Strength
4) 9:10 FOCUS LIST: NVDA, DELL, WING, VRT, LLY, NVO
5) 12:15 Stock Review – Software and Semiconductors: IGV (ETF), APP, APPF, CRWD, DDOG, SMH (ETF), AVGO, MU, AMD
6) 16:00 Stock Review – Biotech/Medical Products: XBI (ETF), CYTK, VKTX, CRNX, MRUS, ISRG, NTRA, TMDX, RXST, PRCT
7) 20:00 Stock Review – Restaurants: CMG, CAVA, SG, SHAK, TXRH, FWRG, DPZ
8) 22:40 Stock Review – Watch List/General Ideas/Commentary: GOOGL, AMZN, META, NFLX, DECK, AVAV, LDOS, HWM, FTAI, VST, CEG, NRG, CAMT, CLS, NTAP, PSTG, IOT
9) 28:15 Stocks Near Buyable Ranges: NVDA, PSTG, LLY, AVGO
10) 31:20 Conclusion/Summary

Market Summary:
In this video, I try to keep my analysis as simple as possible. The major indexes regained their 50-day moving averages recently. Since then, we’ve been consolidating sideways and many stocks continue to act well. I’m keeping exposure to some of the strongest stocks out there, getting strong entry points, and doing my best to manage my trades. From here, we’re slightly extended from the 21-day, so some backing and filling wouldn’t surprise me, but overall, I’m not expecting any significant or sustained downside. Just normal shakeouts along the way. As I mention in this video, if you are too scared and can’t handle normal volatility, then reduce your position size. I’m trying to build calm and confident traders, and reducing position size can help to reduce emotions.

I take a few minutes in this video to review the concept of relative strength. I also give several examples of how it worked well during the recent pullback. If you have any questions, you can ask them during the next upcoming LIVE webinars on Monday, May 13th at 7PM EST and Saturday, May 18th at 11AM EST. Thank you and enjoy the remainder of the weekend. One final note, I would like to wish all the amazing mothers out there a Happy Mother’s Day. Thank you for all your unconditional love and for making this world an incredible place.

Unusual Option Activity:
5/10/24 Nasdaq 100 ETF (QQQ) with 2500 Dec 2025 $490 calls sell in a buy write for $36.27
5/10/24 Ark Innovation ETF (ARKK) with 6000 July $39 puts buy at $0.95 to $0.98
5/10/24 Utilities ETF (XLU) seeing 5300 January $63/$82 call spreads bought at $9.50
5/10/24 Gold ETF (GLD) opening seller into of 5000 August $250 calls at $1.07
5/10/24 Walmart (WMT) 4500 June 7th (W) $57 puts sell to open $0.37
5/10/24 Nike (NKE) 5400 June 28th (W) $84 puts sell to open 1.07
5/10/24 Tesla (TSLA) seeing 4000 June 28th (W) $160 puts bought for $2.25M
5/10/24 Modine Manufacturing (MOD) buyer of 3250 June $110 calls at $7.90 as the $105 calls adjust higher
5/10/24 Uber (UBER) with 2200 Aug $72.50 calls sell to open $3.30 bids
5/10/24 Shopify (SHOP) seeing 1100 Sept $60 calls sell to open $8.10 to $7.25
5/10/24 CAVA Group (CAVA) buyer of 750 Jan 2026 $75 calls at $25.60 as the Jan 2025 $55 calls adjust up and out
5/10/24 Sunoco (SUN) with 1000 Dec $52.50 puts sell to open at $3.50 to $3.30
5/10/24 Devon Energy (DVN) with 750 Oct $52.50 puts sell to open $4.15
5/10/24 Oscar Health (OSCR) seeing spreads sell 4000 Oct $16 puts to buy the $26/$36 call spreads
5/10/24 Union Pacific (UNP) with 400 Jan 2026 $260 ITM puts sell to open $28.90
5/10/24 Cameco (CCJ) with 11k May $50 puts selling to open at $0.70
5/10/24 Taiwan Semi (TSM) large buys of 4050 July $160 calls for $2M
5/10/24 Taiwan Semi (TSM) seeing 1000 May $146 calls buy at $5.45
5/10/24 Taiwan Semi (TSM) also with 900 August $155 puts sell to open $12.35
5/10/24 Nvidia (NVDA) with 2000 July $930 calls seeing size opening buys for $15M
5/10/24 Meta (META) opening seller of 3000 August $540 calls at $14.20 to $14.30
5/10/24 Meta (META) also with 1200 June 28th $435 puts sold to open at $5.30
5/10/24 Google (GOOG) with 1000 Dec $165 puts sell to open at $10.35 bids
5/10/24 Google (GOOG) also with 1000 Jan $170 puts sell to open at $12.60 bids
5/10/24 Vistra (VST) 1000 January $125 calls bought $6.20
5/9/24 Healthcare ETF (XLV) with 4000 September $148 calls buying up to $2.42
5/9/24 Energy ETF (XLE) 4000 September $93/$83 put spreads bought for $2.54
5/9/24 Gold Miner 2X ETF (NUGT) opening sale 2500 September $33 puts 2.02
5/9/24 Roblox (RBLX) 1500 January $32.50 calls sell to open 4.90 to 5.20
5/9/24 Tesla (TSLA) sees 2000 June 28th (W) $160 puts bought $5.05 offer sweeps
5/9/24 Uber (UBER) with 900 Dec 2025 $60 calls buy at $19.70, adjusts June 2026 $67.50 calls
5/9/24 Uber (UBER) sees 7000 June 14th (W) $61 puts sell to open 0.54
5/9/24 CAVA Group (CAVA) buyer 1250 May 31st (W) $85/$95 call spreads, reports 5-28
5/9/24 Wynn Resorts (WYNN) massive buy 29,000 September $82.5 calls $17.90 as June 90 adjust
5/9/24 Wells Fargo (WFC) buyer 2000 August $60 calls $3.95
5/9/24 Merck (MRK) seeing 1200 October $130 puts sell to open $5.65 to $5.50
5/9/24 AeroVironment (AVAV) buyer of 1000 July $250 calls at $1.45 to $1.72
5/9/24 AeroVironment (AVAV) also seeing 500 August $250 calls buy at $1.90
5/9/24 Arm Holdings (ARM) with 1500 January $150 calls buying $6.60 to $7.35
5/9/24 Arm Holdings (ARM) also sees buyers of 1700 Sept $130 calls at $5.35 to $5.75
5/9/24 Arm Holdings (ARM) 10,000 June 90 puts sell to open 2.07
5/9/24 Applovin (APP) opening sale of 260 October $80 puts at $7.90
5/9/24 CrowdStrike (CRWD) buyer 200 March $460 calls $19.15
5/9/24 Celestica (CLS) opening seller of 1000 July $52.50 calls at $2.22
5/9/24 Google (GOOG) 1770 May 24th (W) $160 calls bought for $2.1M in adjustments from May 155
5/9/24 NRG Energy (NRG) with 7000 June $85 calls bought $2.65 to $2.70 as $75 calls adjust higher