The Dow Up 457 And the Nasdaq Up 460.70

Look at these gains today. Today is a Thursday. Meta is up $18.04, AMD is up $17.49, NVDA is up 110.55, AMZN is up $6.00, ELI lILLY is up 23.75, SUPER MICRO is up $241.52, NETFLIX is up $15.12, COSTCO is up $11.38 AND MODERNA is up $11.85. Gains of $110.55 and $241.52 in one day on two stocks! What's that all about? Well warning bells should be going off. We must be at a short term top. Three stocks stand out to me that are having changing stories. 1) Moderna. 2) Rivian. 3) Lucid In these crazy markets a lot of these stories get buried. Option players in these markets are getting whipsawed and it is getting to be to difficult a market to play in. Once this final round of earning reports are over things should get back to normal.

Economics 101 and 102

When a hurricane comes to Florida buy Puts on Home Depot (symbol HD) and if it's a really bad hurricane and you see cars on the t.v. floating down roads buy Calls on Avis Budget Group (symbol Car). That's Economics 101. Economics 102 is to buy Puts on Visa (symbol V) or Puts on Master Card (symbol MA) whenever Fed Chair Jerome Powell is about to make a speech.
Here is todays reaction on yesterdays news. These are sizeable drops. You could even have bought in just after the speech was made. On the earnings front Moderna dropped today as did Roku.
What a day. P.s. Moderna and Roku then both came back up again. Given this bad news that should make them more difficult to play on the upside going forward. Shouldn't it?


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