Stocks closed higher on Thursday, with the S&P adding .60%. Asia markets closed mostly higher overnight while Europe indexes are in the red this morning. U.S. futures are pointing to a flat open, the Dollar is lower while Oil, Gold, and Yields are all higher.
Markets melted higher in meticulous fashion yesterday, recouping the previous sessions losses and closing right at the highs of the day. The SPY is now up .28% on the week and has churned in a tight range:
Would think this resolves soon with a break over $430 soon. Next week we get the Fed... would want to see a somewhat dovish spin and then I think markets will hold their gains:
YEXT had another green session yesterday, a good sign in the face of its 38% rally the day before. I went and added more calls. Think $15+ soon and that it may get some AI hype over the weekend:
WSJ published a piece this morning that NFLX is experiencing record signups after the password crack down:
NFLX is soaring on the news and ROKU should see a boost in sympathy. Will be closing the last of my weekly calls and add some later dated strikes for the $75+ move(and higher) coming on ROKU:
FVRR pulled back 3% yesterday. Still think it is headed into the $30s:
EDIT announced some positive data this morning ahead of a presentation tomorrow. Hopefully it can recoup yesterdays losses and breach that $11 handle:
Updated short data will be out this afternoon. Have to think TERN and VKTX continue to be manipulated... well not exactly manipulated, but unduly pressured- pressure that will eventually have to be unwound. TERN had a great session yesterday, would be great to see $13+ into the weekend and another close over that 50dma:
VKTX made it 7 straight sessions of green. One of these days it will have a 10%+ squeeze and only a matter of time before that $30 handle comes:
Still patiently waiting on WING, maybe today:
Also, CMG is getting tight. Could be a nice lotto today if it holds $2k and possibly some calls into next week:
And this is what I am watching today: CMG, WING, DPZ, EDIT, ROKU, YEXT, SAM, 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