Listening to subscriber feedback, I wanted to add a little more market-focused content and, like all of my content, wanted to do it from someone I know, trust and have a track record with.
Which is why I’m really stoked that
I find their analysis sharp and worth considering, so I’ll be happy to bring it to you on Sundays heading into a new market week each week. As a paid QTR subscriber you get access to these writeups which are normally reserved for their paying members for nothing extra.
As usual, my disclaimer below applies as does Lucci’s full disclaimer, which can be read here, which all boils down to one key point: you’re on your own, this is not trading advice, only the opinions and banter of the authors, and always consult a personal financial advisor before making any financial decisions. Options are extraordinarily risky and carry with them the potential for massive losses.
With that said, let’s get on with this week’s take from some of Lucci’s team.
Wall St. Jesus
Earnings season is well underway which means it’s hard for me to look at options flow to provide a clear direction as hedging and stock replacement dominate the action. With the big names yet to report, the market’s momentum will largely hinge on their outcomes. It’s a challenging environment to trade, and until we get past this phase, it’s about staying tactical and avoiding exposure to unnecessary risks.
One European semiconductor leader recently had a negative reaction to its earnings, which put pressure on the stock and, in turn, influenced related names in the sector. You can see this in the chart below.