Markets rallied on Wednesday, with the S&P adding 1.9% while the Nasdaq closed up over 2%, with the Bank of England's intervention into the Bond market putting a bid in stocks. Asia markets closed mixed overnight while Europe indexes are in the red this morning. U.S. futures are pointing to a lower open, the Dollar and Yields are higher while Oil and Gold are lower.
And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-109/
Stocks rallied yesterday, using the Bank of England's intervention into the Bond market as an excuse for a bounce, putting an end to a 6 session losing streak for the S&P. This morning futures are back to a lower open. We get PCE data tomorrow so would like to see at least a flat session today into the data. The SPY closed above that $370 handle yesterday so would want to see a close above that today or I fear those $350s on the SPY will be next:
I added more APRN calls yesterday as the stock broke above that key $5.70 level - I outlined it on yesterdays watchlist. Think this trades north of $10 before the year is out(and likely much, much higher). May look at some leaps in the coming days if the stock continues to soar:
AMLX news should be out any day now. Not going to add anything more here but think an approval from the FDA and it trades north of $40:
Had some issues with the watchlist this morning so will get on audio after the open to talk about other names like: WYNN, ROKU, BIIB, SPOT, WIX...
And here is what I am watching today: APRN, WYNN, ROKU, BIIB, SPOT, WIX, GNRC, , BJ, U, LVS, ICPT, CI, CMG, HUM, TRIP, SAGE, and PTCT.
Let's have a great day!
-JB