Jacob Mintz (@jacobmintz10) 's Twitter Profile
Jacob Mintz

@jacobmintz10

Chief Analyst of Cabot #Options Trader and Cabot #Options Trader Pro at cabotwealth.com; Options #Trading Mentor at OptionsAce.com.

ID: 1227292688082403329

calendar_today11-02-2020 18:06:07

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Mike Cintolo (@mikecintolo) 's Twitter Profile Photo

A bit of improved intermediate-term action in certain growth areas, but our Growth Tides (FFTY, MTUM, ARKK, etc.) and Aggression Index (Nasdaq vs. XLP; basically growth vs. defensive) are still basically in no-man's land here. We'll see what changes with the calendar flip.

A bit of improved intermediate-term action in certain growth areas, but our Growth Tides (FFTY, MTUM, ARKK, etc.) and Aggression Index (Nasdaq vs. XLP;  basically growth vs. defensive) are still basically in no-man's land here. We'll see what changes with the calendar flip.
Mike Cintolo (@mikecintolo) 's Twitter Profile Photo

As of 2 pm there are 82 names with $45 million-plus avg trading volume hitting a new relative performance (RP) peak today--the median sales growth of those names in the latest quarter is just 9%. Tells you what kinds of stocks are moving (not much growth, at least not yet).

Jacob Mintz (@jacobmintz10) 's Twitter Profile Photo

Hard to be bearish when Industrials (XLI), Transports (IYT), Semiconductors (SMH) and Small Caps (IWM) make new highs seemingly every day.

Mike Cintolo (@mikecintolo) 's Twitter Profile Photo

Cabot Top Ten subscribers: If you own Penumbra $PEN from the mid-December recommendation, probably worth booking the profit on today's buyout

Mike Cintolo (@mikecintolo) 's Twitter Profile Photo

Top with big volume down after another test of 24,000 resistance? Or third higher low since the November low, prepping for the breakout? No need to guess -- should clear up within a few trading days. #Nasdaq

Top with big volume down after another test of 24,000 resistance? Or third higher low since the November low, prepping for the breakout? No need to guess -- should clear up within a few trading days. #Nasdaq
Cabot Wealth Network (@cabotanalysts) 's Twitter Profile Photo

This week on Street Check, we’re joined by a rotating cast of Cabot analysts to talk options, volatility in tech stocks and software, undervalued sectors, market rotation, precious metals, dividends, global investing and more. Watch here: hubs.ly/Q0427C8G0

This week on Street Check, we’re joined by a rotating cast of Cabot analysts to talk options, volatility in tech stocks and software, undervalued sectors, market rotation, precious metals, dividends, global investing and more. Watch here: hubs.ly/Q0427C8G0
Jacob Mintz (@jacobmintz10) 's Twitter Profile Photo

Puts ramping in leading Semiconductors and Tech into the close. $AVGO $TSM $ORCL $SMH (though out-of-the-money puts, so it feels like cheap hedges)

Mike Cintolo (@mikecintolo) 's Twitter Profile Photo

Amazing the number of liquid growth names, including some former leaders, that are down at least 33% from their highs and south of their 200-day lines $RDDT $HOOD $NET $SNOW $TOST $CRDO $ALAB $CRWD $ZS $BROS $ALNY Still some solid names of course, but tons of land mines

Jacob Mintz (@jacobmintz10) 's Twitter Profile Photo

Indexes bouncing some today, but many former growth leaders continue to be dreadful, with $PLTR leading the uninspiring charge.

Jacob Mintz (@jacobmintz10) 's Twitter Profile Photo

Who knows how it will end up, but the "old trader" in me does not love seeing $GS $MS $C $JEF $AXP all getting hit hard today.

Mike Cintolo (@mikecintolo) 's Twitter Profile Photo

Very small green shoot: Interesting to see the Naz outperform $XLP since the missiles began flying, which has nudged our Aggression Index higher. Same goes for the equal-weight Naz 100 vs $XLP, too. Still a ways to go on this indicator, but it's a start.

Very small green shoot: Interesting to see the Naz outperform $XLP since the missiles began flying, which has nudged our Aggression Index higher. Same goes for the equal-weight Naz 100 vs $XLP, too.

Still a ways to go on this indicator, but it's a start.