July 22, 2025 Live Trading Room Market Recap & Trades
NVDA, AMD, MU, ORCL, SPOT, NFLX, COST, KSS, PEP, LIT, ALB, CLF, BTU, NIO, RKT, ANF, TGT, AAPL, MSFT, CHINA PLAYS, GOLD, XME, DOW & LYB
Moving at the Speed of Speculation is the topic for our Wednesday Macro-To-Micro Options Power Hour!
TRADE UPDATES
SPY dropped $3 from the open but I said I didn’t trust it. I used VIX 17.48 as rejection level for market to get bid back up. It did. There just wasn’t enough weakness under the surface - across any of my intermarket tells. That didn’t mean select shorts didn’t work. We have some fab ones working! NVDA, AMD, MU, SPOT, NFLX, COST… while long AAPL & a bunch of bottom-fishing bounce plays: KSS, PEP, LIT, ALB, CLF, BTU, NIO, RKT, ANF, TGT - all working!!
I even said “today is the day MSFT breaks that trendline from May 1st gap up!”
Take a look at that late in the day close - hours after I closed my trading room!!
KSS - was rec’d long July 7th at 9.30 with only a 12.34 PT. It tagged 21.39 near the open this morning on a yuge short squeeze. Lucky Luke did GREAT on his execution!!
BELOW ARE ALL UPDATES FROM PRIOR DAILY POSTS. YOU CAN ALSO SEARCH BY SYMBOL FOR THE ORIGINAL ANALYSIS/TIMESTAMP IN THE SUBSTACK SEARCHBAR.
SoftBank and OpenAI scaled back their $500 billion AI project, sending chip stocks lower. We were already positioned:
NVDA - rejection on cue! Dipping back inside 172 short trigger for 1st PT of 165.49: HIT! Then I said today, after a bounce at 165.30 (169 target), we go retest 161 at 21D. And a retest to 153 is magnet/channel support I expect at some point into earnings 8/27.
AMD - rejection on cue! Dipping back inside 158 short trigger with 1st PT of 150.72: HIT! With 21D down at 144.40 and 137.40 very strong magnet/support.
MU - textbook short from 6/26 into stated $108.75 PT: HIT! Break there turns this into “fake breakout, fast failure” on weekly with $100 PT in time.
ORCL - coming back in as pitched Friday! Needs to stay <250 to see 215 in time.
AAPL - you know I was waiting for this one… rec’d Friday it was ready to squeeze higher and Monday it fired with follow-through today. On its way ;-).