June 8th, 2023 Watch List

Stocks closed mostly lower on Wednesday, with the S&P falling .38%. Asia markets closed mixed overnight while Europe indexes are in the green those morning, U.S. futures are pointing to a flat open, the Dollar is lower while Oil, Yields, and Gold are higher.

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-272/

Markets opened higher on Wednesday, only to see the gains melt away into the afternoon, with indexes closing the day at lows. There was no true catalyst to speak of outside of more profit taking after the markets recent rally. Tomorrow we get the May jobs report and then the market will start looking ahead to the Fed meeting next week. The SPY came up and neared that $430 handle before pulling back. Would like to see it hold $425.50-$426 today and work its way to that $430 handle tomorrow:

YEXT gapped higher at the open yesterday after reporting a great quarter Tuesday. The stock rallied into the $14s and was up nearly 50% at times, before pulling back to close at $13.29 and up over 38%. I used the move to close some of my calls out for 1000% and over 1500%. I held the rest for a possible move past $15 in the coming weeks - the strikes are in August so have plenty of time. YEXT has no debt, over $200 mil in cash, and will likely garner more attention as the AI hype gains steam:

Monthly:

Daily:

ROKU also rallied yesterday despite a reiteration of a neutral rating from an analyst. Some of the move could be attributed to NFLX's upgrades yesterday. Either way, think ROKU can test the mid-$70s in the coming days. I was able to close most of my ROKU calls for 900% and over 1200% and held the rest into today. I will likely look to close the rest out today and add some later dated strikes:

Think it is only a matter of time before FVRR catches fire. The stock has closed in the green in 4 of the past 5 sessions. If it can break above $31.20 think that $36 handle comes quick:

Solid sessions again for VKTX and TERN with VKTX closing in the green for the 6th session in a row. All-time highs should come soon on VKTX:

BIDU pulled back yesterday after poor china data. It if holds $132 or so think it is ready for a move to $140+ in the coming days:

EDIT held its 200dma yesterday and is presenting data over the weekend. May look to re-enter some speculative calls:

Still eyeing WING for some calls:

A rough few sessions for SAM. If it reverses course today, will look to add to my position:

And this is what I am watching today: EDIT, ROKU, YEXT, SAM, WING, AI, BIDU, 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

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.

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