Markets rallied on Thursday, with the S&P adding nearly 1%. Asia markets soared overnight while Europe markets are in the green this morning. U.S. futures are pointing to a higher open, the Dollar and Yields are lower while Oil and Gold are higher.
Markets finally found some footing yesterday and rallied in a strong session - a welcome relief from the whipsaw action from the start of the week. The May jobs report came in well above expectations this morning. Normally the market would fall on good news, but today it is holding its ground - a good sign in my humble opinion. That $425 handle will likely be a tough nut to crack today but certainly setting things up for a move to $430 on the SPY soon enough:
I added some DPZ calls, as outlined on yesterdays watchlist. Within 30 minutes I was able to close some of the calls out for over 100%. DPZ went and tested $300 before pulling back. Think a move into the low $300s is possible today and may look for some other strikes today:
BIDU rallied over 6% yesterday and is continuing its move this morning. Think a push to $150+ is coming soon. Will be looking to add more calls today while also looking to lock some of my June strikes in:
AI was reversing morning lows yesterday so I went and added some spec calls. I was able to close some out for nearly 100% and held the rest into today. Will need a big move for the rest of the calls to come back to life:
Really love this FVRR story:
I will be adding some July strikes today for a move into the $30s in the coming days:
Rough session for SAM and YEXT yesterday. Still love them both for higher... don't forget YEXT has earnings next week:
YEXT:
Not much to add here on TERN and VKTX, both had decent sessions yesterday with TERN actually rallying over 6%:
NNOX is sporting a potential bull-flag. Will continue to hold the rest of my June calls and may look at later dated strikes if it breaks into the $20s:
And lastly, a big day for ROKU. If it can break and hold that 50/200dma should be set for mid-$60s and beyond next week:
And this is what I am watching today: NNOX, BIDU, WING, SAM, DPZ, OLED, GLD, AMD, LRCX, MU, NFLX, GLL, TERN, QQQ, ZYME, SPOT, AXSM, SAGE, RARE, SRPT, BLK, EXAS, W, SHW, ABBV, and ALGN.
Let's have a great day!
-JB
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