February 14th, 2023 Watch List

Markets rallied to start the week, with the S&P closing up 1.14%. Asia markets closed mostly higher overnight while Europe indexes are also in the green this morning as I write this. U.S. futures are pointing to a higher open, the Dollar, Yields, and Oil are lower while Gold is higher.

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-199/

Markets traded higher on Monday, with the S&P finishing with a late day bid to close right near session highs. This morning futures are pointing to a mixed open(as I write this) as CPI numbers came in mostly inline. Think there are folks out there who think inflation is here to stay, and others that think inflation will start to come back down. As I have been saying for weeks, think $420 on the SPY is coming first and this CPI number this morning should not shake markets too much:

It was a choppy day for stocks I am in:

ROKU closed slightly in the green despite the market rally, though well off its lows of the session. Earnings are tomorrow after the close. Would like to be able to close some of my calls out to cover costs, but if I don't get the chance, will likely just hold them into the report:

SPOT traded between red and green at the open, only to find sellers for the rest of the session. Still love the setup here and can chalk this move up to consolidation before the next leg. Wouldn't say bull-flag just yet but it is close:

and longer view:

U had a solid session yesterday, erasing some of Friday's losses. Will need to see some continuation today for the last of my calls to come back to life:

Still eyeing EXAS today on that tight bollie breakout. If the market stays bid today, I can see this trade north of $70 in the coming days and possibly over $80 after they report earnings a week from today:

TRIP reports after the bell today. Would be interesting to see if they can build momentum off their last report. Travel remains hot and I have always been surprised that TRIP underperforms - one of these years they don't - maybe it is 2023. Will hold my March strikes into the close:

AYX rallied off the open yesterday, recouping the fade from Friday to close up over 8%. Wasn't about to chase heading into todays CPI. Will be watching again today for some calls to play for a move into the mid-$70s in the coming days:

And lastly, only a matter of time for the next leg on YEXT:

Retails sales tomorrow, then PPI on Thursday, with plenty of earnings still on tap. Should be a fun week.


Let's have a great day!


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

More Posts by JB: View All | Private Twitter Feed: Access Now! (For Diamond Members)