Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

DrosNotes - Market Recap * The Week Starting June 11th

732 views

Published on

An analysis of market activity and stocks to watch based on unusual options activity in the market as well as block trades and other insight.

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

DrosNotes - Market Recap * The Week Starting June 11th

  1. 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. DrosNotes www.androstrades.com 1 “Ad posse ad esse”
  2. 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. DrosNotes www.androstrades.com 2
  3. 3. DrosNotes www.androstrades.com June 9, 2018 As for ‘what happened’ Friday. Some notable “Buying On Weakness” and “Selling on Strength” names include: DrosNotes www.androstrades.com 3
  4. 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 DrosNotes www.androstrades.com 4

×