DrosNotes - Market Recap * The Week Starting June 11th
1. DrosNotes www.androstrades.com June 9, 2018
DROSNOTES
The Market On Friday (the 8th & Week Ahead - Starting the 11th)
Despite an early dip on Friday, the markets recovered.
A great deal of the final move was on the back of biotech and $AAPL (Apple
now having a market capitalization of 1 trillion dollars.
A lot of my picks lean towards the biotech sectors for names I’ll be looking
at.
For bullish moves on ETFs, I’ll be watching $BIB $CURE $EWT $NOBL $XLV
$INDYA and $EEM.
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“Ad posse ad esse”
2. DrosNotes www.androstrades.com June 9, 2018
On the ETF bull-side, cases can be made for $DBA (agriculural ETF - possibly bearish on tariff
talks..and the same tariff talks $CORN (Corn ETF) and solar’s $TAN ETF.
I’m looking for short-terms trades on all those names. And the directions may certainly change.
In-terms of stocks on my bullish watch-list, highlights include:
- International Paper Co. - ($IP)
- Pfizer, Inc - ($PFE)
- JPMorgan Chase & Associates ($JPM)
- Autozone ($AZO)
- Gap Inc, ($GPS)
- Nordstrom Inc. ($JWN)
- Mylan, Inc ($MYL)
- Freeport-McMoran Copper and Gold ($FCX)
On the bear side I’ll be watching
- First Solar, Inc. ($FSLR)
- Nektar Thereapeutics ($NKTR)
- Haliburton Corp. ($HAL)
- Marthon Oil ($MRO)
Energy seems to want an early week breather. $AAPL poised to open +.20 at the present moment.
If that’s the case, tech might certainly maintain its’ bullish overall trend.
I do expect a very volatile week, and will continue to monitor the action in the volatility futures.
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3. DrosNotes www.androstrades.com June 9, 2018
As for ‘what happened’ Friday. Some notable “Buying On Weakness” and
“Selling on Strength” names include:
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4. DrosNotes www.androstrades.com June 9, 2018
And sector-wise:
Source: http://www.wsj.com/mdc/public/page/2_3022-mfsctrscan-moneyflow.html
So the only negative inflow sect was Telecommunications…but everything in the other sectors
seems a mixed bag.
Keep an eye on the names I mentioned, as well large size block trades throughout the week on
$EWZ (Brazilian ETF with some bullish news that dropped Friday afternoon), as well as commodity,
currency and treasury bond ETFs.
On Friday I opened $AMZN weekly calls, $FOXA JUN18 $41 Cs, $SLCA SEP18 $40 Cs $EA JUN18
$138 CS and $EWZ JUN18 $34.5 Cs.
Like I said, we have a volatile week ahead. Keep posted the room, my ST and my blog for updates
on outlooks. I’ll be posting my Monday watchlist tomorrow night.
Cheers,
- Dros
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