July 18, 2025 Mid-Day Market Recap & Trades
SPX, ES, VIX, NVDA, MAG7, ETHUSD, XRP, AAPL, TSLA, LAC, ORCL, GRAB, MRVL, KWEB, BABA, JD, FXI, SSEC.
OpEx Rally
Here's the Macro-To-Micro Options Power Hour that Hans & I did Wednesday for your weekend listening - Enjoy!
Portfolio app testing didn't happen as I hoped since developers still haven't tied in the futures & options data feeds like they promised. As such, I scanned the market and prepared this client post for you. Hope it helps. Have a great weekend!
SPX - is still spinning at $6300. Staying above post OpEx, and I still see $6500 in play higher as discussed early July.
ES - is still digesting that trendline from April 6th low, but is not bearish staying above $6333 with liquidity still in the house.
Liquidity Tells - Yes, my intermarket tells are still fine. No roll-overs yet.
VIX - below 16.82 and 15.50 cometh, but I wouldn't be surprised to see an overshoot to 14.88, and that's where I would expect a reversal.
Growth:Value Ratio - still fine & I still see higher.
MAG7 Ratio - still sideways for 4 wks now; translation, not bearish even if NFLX is weak post earnings.
NVDA - digesting $172 as warned; translation, sideways is not bearish, especially if AAPL pivots higher like I expect.
TRADE UPDATES
From Crypto to Big Tech Earnings Focus, to Bottom-Fishing Spec Play & Theta Decay Play… to Swing Long Additions and China Plays Working - Adding Two More!