Topics covered:
1) 0:00 Announcements
2) 0:50 Market Commentary and Index Review
3) 12:40 Educational segment on Relative Strength
4) 19:55 Stock Review – Aerospace/Defense: XAR (ETF), SPCX, RKLB, VSAT, GE, HWM, WWD
5) 22:20 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, ASML, MRVL, ALAB, CRDO, MU, STX, WDC, SNDK
6) 23:55 Stock Review – Electronic/Energy/Data Center related: ANET, XMTR, GLW, VRT, BE, GEV, SIMO, FLEX, CLS, ATI
7) 26:50 Stock Review – Software: CRWD, PANW, FTNT, FROG, SNOW, TWLO, NET, DDOG
8) 29:05 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), LLY, JAZZ, EWTX, IMVT, ARWR, RYTM, GH, NTRA, BLLN, ARKG (ETF), LQDA, URGN, VCYT, ORKA, AXSM, PCVX
9) 34:30 Stock Review – Others/General Ideas/Commentary: TSLA, BROS, URI, CGNX, HNGE, DELL, WYFI, SPHR, GOOGL
10) 38:30 Stocks near buyable ranges: WYFI, XMTR
11) 41:00 Conclusion/Summary

Market Summary:
For members who have been with me for a while, you know my process is to be VERY open-minded when reviewing the positives and negatives in the market and then adjusting my investment levels accordingly. In this video, I review the POSITIVES: 1) The major indexes are all above their 50-day moving averages. 2) There are still many growth stocks acting well (I review them in this video). 3) The strong seasonality that we tend to see during the first two weeks of July. 4) I like how NVDA and AVGO recently held their respective 200-day MAs. 5) The overall resilience of the market due to the increased earnings revisions (I review a list in this video). I also discuss the NEGATIVES: 1) 7 distribution days for the Nasdaq Composite in the past few weeks. 2) Many growth stocks broke down recently and I removed them from the watch list.

My conclusion coming into last week was: Defense until we see better price action. This past week definitely saw better price action, but it’s tough to get a strong read on things because the overall volume was so light. Because I could make a case for the market to make new highs in the next 3-6 weeks or for the Nasdaq Comp to retest 24,000, I am currently 50% invested for my clients. That way, if we go higher, I hopefully participate, and if we go lower, I have a decent amount of cash to hopefully mitigate the volatility. As always, please don’t copy me (or anyone else) as my investment levels are subject to change. I have no problem giving transparency and I give plenty of guidelines in these videos, but ultimately, you need to make decisions on what’s best for your overall investment plan. If you have any questions, you can ask them during the next LIVE webinar, which will be this Monday, July 13 at 7PM EST. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
7/10/26 Regional Banks ETF (KRE) 3000 Dec $75 short puts open 4.72
7/10/26 Oil Services ETF (OIH) large opening sale 3500 Jan $350 puts 22.70
7/10/26 Tesla (TSLA) 1000X bull r/r Dec 2028 buying $560 calls and selling $360 puts, net debit around $22
7/10/26 JPMorgan (JPM) 501 Dec $325 short puts open 15.45
7/10/26 United Health (UNH) size opening sale 580 Oct $430 puts ITM 31.60 bid
7/10/26 Biogen (BIIB) spread sold 500 July 180 puts to buy the $200/$225 call spreads
7/10/26 Insmed (INSM) 522 August $110 short puts open 8.40
7/10/26 MapLight Therapeutics (MPLT) 1000 August $45 calls bought 15.35
7/10/26 Q32 Bio (QTTB) unusual late Friday bull trade as 2500 August 12.5/25 call spreads are bought for 2.50
7/10/26 Cytokinetics (CYTK) August 80 short puts opening 800X
7/10/26 NRG Energy (NRG) buyer 496 Dec 180 calls 7.90
7/10/26 HF Sinclair (DINO) buyer 1900 Aug 85 calls 2.25
7/10/26 Bloom Energy (BE) size buy 533 August 7th (W) $250 calls 39.00
7/10/26 Bloom Energy (BE) 1350 Aug 7th (W) $225 calls bought for $5.5M, 7-28 earnings
7/10/26 Williams Cos. (WMB) 6000 Aug 14th (W) $68 short puts open at 0.50
7/10/26 Caterpillar (CAT) 1565 Sept $1120 calls bought 26.37 as July 31st (W) $1050 adjust
7/10/26 ViaSat (VSAT) 900 Sep 85/110 call spreads bought
7/10/26 SpaceX (SPCX) 1003 Nov $105 short puts open 8.00
7/10/26 SpaceX (SPCX) 520 Sept 2027 $105 short puts open for 18.63
7/10/26 AST SpaceMobile (ASTS) 744 August 28th (W) $70 short puts open 9.08
7/10/26 CrowdStrike (CRWD) 600 Dec 240/180 bull risk reversals open at a small credit
7/10/26 CrowdStrike (CRWD) also 1056 Dec 177.5 puts sold for 22.50
7/10/26 Fortinet (FTNT) 875 July 31st (W) $155 short puts open $9, reports 7-29
7/10/26 Datadog (DDOG) 242 August $260 short puts open 26.37
7/10/26 IREN Ltd. (IREN) 1190 Nov $33 short puts open 6.41
7/10/26 Vertiv (VRT) 300 Oct $300 short puts 35.30 open
7/10/26 Apple (AAPL) buyers in Aug 14th (W) $340 calls 4000X
7/10/26 Google (GOOG) buyer of 1200 Aug 7th (W) 350/380 call spreads
7/10/26 Google (GOOG) buyer 400 March $305 calls for $75.15
7/10/26 Google (GOOGL) buyer 400 March $325 calls $63.8
7/10/26 Google (GOOGL) buyer 2100 Dec 2028 $430/$520 call spreads
7/10/26 Google (GOOGL) 677 August 7th (W) $365 calls bought 12.02
7/10/26 Meta (META) buyer 3000 July 31st (W) $685 calls $35 adjusts the July 24th (W) $600 calls
7/10/26 Intel (INTC) 1000 Aug 7th (W) $95 short puts open for 5.18
7/10/26 Teradyne (TER) 225 Oct $390 ITM puts sell to open 91.10
7/10/26 Marvell Tech (MRVL) buyers of 3500 Aug 7th (W) $235 calls for $9M
7/10/26 Arm Holdings (ARM) buyer 12,000 Sept $310 calls $66/25 as Aug 270 adjust
7/10/26 Ciena (CIEN) size opening sale 50 March $550 puts $180
7/10/26 Lumentum (LITE) opening sale 400 Oct $660 puts 85.62
7/10/26 Micron (MU) buyer 2000 July 24th (W) $1000 calls at $65
7/10/26 Micron (MU) buyer 227 March 2027 $2480/$2500 call spreads 0.79
7/10/26 Micron (MU) 1000 Jan 2028 $500 short puts open for $105
7/10/26 Taiwan Semi (TSM) 161 Sept 2027 $350 short puts open 44.73
7/10/26 Taiwan Semi (TSM) buyer 214 August 28th (W) $405/$460 call spreads 27.05
7/10/26 Taiwan Semi (TSM) 983 Sept $590 calls bought 6.10
7/10/26 Taiwan Semi (TSM) buyer 800 Jan 610 calls 23.30
7/10/26 Taiwan Semi (TSM) size buy 2663 July 31st (W) $460 calls 14.83
7/9/26 Semiconductors ETF (SMH) 1100 Oct $430 short puts open for 11.51
7/9/26 Emerging Markets ETF (EEM) size buy 15,000 August $69 calls 2.35
7/9/26 South Korea ETF (EWY) 2000 Aug $165 short puts open with 4000 Aug 198/245 call spreads bought
7/9/26 Memory ETF (DRAM) August 7th (W) $68 calls bought $6.40 for 2000X
7/9/26 Gold Miners ETF (GDX) 1000 Dec 2028 $69 short puts open 12.3
7/9/26 Gold ETF (GLD) opening sale 1000 March 31st (Q) $365 puts for 18.85
7/9/26 Silver ETF (SLV) 2000 Dec $53 short puts open 5.10 bid
7/9/26 Tesla (TSLA) buyer 4000 July 24th (W) $405 calls 18.05 to 18.20, earnings 7-22
7/9/26 Tesla (TSLA) 1000 Aug 7th (W) $400 short puts opening 20.60 to 20.35
7/9/26 Costco (COST) 1400 August $970 calls buy $10.65 to $11
7/9/26 Dutch Bros (BROS) 500 Sept 72.5 calls buy 4.20 offer
7/9/26 Steve Madden (SHOO) 2500 August $40 calls buy $3.70
7/9/26 Bank of America (BAC) 1050 Dec 2028 80 calls bought 4.30
7/9/26 Visa (V) 450 Oct $325 short puts open 8.20
7/9/26 ExxonMobil (XOM) 5086 August $145 calls bought 3.07 as July calls adjust
7/9/26 Schlumberger (SLB) size opening sale 3000 June 2027 $50 puts 7.46
7/9/26 Bloom Energy (BE) buyer 418 July 31st (W) $270/$300 call spreads 11.00
7/9/26 Bloom Energy (BE) 558 July 31st (W) $135 short puts open 2.63
7/9/26 Incyte Corp. (INCY) 300 Dec $110 short puts opening 7.40
7/9/26 BridgeBio Pharma (BBIO) 600 Jan $120 OTM calls buy $4.70 offer
7/9/26 Newmont (NEM) buyer 600 June 2027 $80 calls ITM 25.20
7/9/26 SpaceX (SPCX) 2K July 31st (W) 180 calls bought 3.30
7/9/26 SpaceX (SPCX) size opening sale 694 Dec 2027 $165 puts 54.08
7/9/26 Nokia (NOK) 2506 Nov $12 short puts open 1.77
7/9/26 Dell (DELL) buyer of 150 Jan $510 calls for $90
7/9/26 Dell (DELL) 176 Sept $460 ITM short puts open 71.80
7/9/26 Apple (AAPL) July 31st (W) $310 calls bought 8350X
7/9/26 Apple (APPL) buyers of 3000 Dec 2028 $450 upside calls up to 25.90
7/9/26 Meta (META) July 31st (W) buying 2500 of the 625/680 call spreads, selling $550 puts
7/9/26 Amazon (AMZN) large buyer 10,000 July 31st (W) $240 calls 12.45 to 12.60, earnings expected that week
7/9/26 Oracle (ORCL) 4450 July 31st (W) $143 calls bought 9.38 to 9.50
7/9/26 DataDog (DDOG) 325 OTM Oct $400 calls buy 8.80 offer
7/9/26 Palo Alto (PANW) 500 Jan $300 puts sold $36.30
7/9/26 Palo Alto (PANW) 350 March 2027 $360 ITM puts sold to open 73.7
7/9/26 CrowdStrike (CRWD) 2950 Aug 170 short puts opening 5.90 to 5.70
7/9/26 Salesforce (CRM) 2850 Sept 140 short puts open 4.15
7/9/26 ServiceNow (NOW) 2582 Sept $85 short puts open 3.00
7/9/26 JFrog (FROG) sweep buy 600 Aug 100 calls 9.50 offer
7/9/26 Hut 8 (HUT) 540 Oct 100 puts sold to open $18
7/9/26 Broadcom (AVGO) buyers 4000 August 410/460 call spreads
7/9/26 Qualcomm (QCOM) 1005 July $190 calls bought 15.38
7/9/26 Qualcomm (QCOM) size buy 5000 July 31st (W) $192.5 calls 15.47
7/9/26 KLA Corp (KLAC) opening sale 600 Jan $200 puts for 33.4
7/9/26 Intel (INTC) buyers of nearly 3000 Nov $200 OTM calls for $2M
7/9/26 Tower Semi (TSEM) 650 Sept 185 short puts open 18.80
7/9/26 Tower Semi (TSEM) also 250 of the Jan $165 short puts 27.2
7/9/26 ST Micro (STM) 2500 Jan. 2028 $45 short puts open 7.90
7/9/26 Marvell Tech (MRVL) 2000 Sept $230 calls bought 51.35 adjusting $250 strike
7/9/26 Micron (MU) buyer 164 March 2027 $1960/$2400 call spreads 37.07
7/9/26 Arista Networks (ANET) 2800 Aug 7th (W) $200 calls buy for $3.3M
7/9/26 Coherent (COHR) large opening sale 500 Jan $290 puts 64.25
7/9/26 nLIGHT (LASR) 720 Dec 55 short puts opening 9.10 and lower
7/9/26 Lumentum (LITE) size buy 415 August 7th (W) $800 calls 85.19
7/9/26 Sandisk (SNDK) size buy 2000 July 14th (W) $1900 calls for $35M
7/9/26 Taiwan Semi (TSM) 1000 Feb $290 short puts open 10.90
7/9/26 Taiwan Semi (TSM) 4000 July $365 short puts open