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.

Visa - A Stock to Add To Your Radar Screen On A Friday Morning.

A credit crunch is happening and Visa should be enthralled in this action. Yet what does that mean for the stock on a day to basis? Not much. Watch last Fridays trading pattern which in many ways was similiar to how Boeing traded last Thursday. That was the subject matter of my last blog. First at look at last weeks five day chart and it's Friday's one day chart.
Like my last blog, this is another example of a "purchase on a dip" scenario. Presented now are three different series of Call options all of which expired last Friday.
Would you have the guts to be buying Call options on Visa on the dip it had last Friday morning? These were Call options expiring that afternoon. Now look at this. Look at how Visa traded on the following Monday when the DJI charged up. Look at the action on the 222.50 series of Calls.
What does this suggest? To me it suggests that there is some trickery to how stocks can be manipulated on Fridays. The trick is in learning how to get onboard.


Popular posts from this blog

Boeing Down $20.00 or 8.03% On A Monday Morning

The Three Amigos On A Friday

Boeing. Trouble Where Trouble Shouldn't Be.