RPP – This Week’s Names Wrap 7-17

7-17

Hey Rebels! This week brought a more defensive tone to the market, with volatility picking up and the major indexes struggling to build consistent momentum.

$SPY and $DIA held up better than the tech-heavy side of the market, while weakness in semiconductor and AI-related names weighed on $QQQ. $IWM remained mixed as small caps continued to struggle with consistent follow-through.

The $VIX moved higher, showing that traders are beginning to price in more uncertainty. Rising oil prices and continued geopolitical tensions also added another layer of risk.

$BTC and crypto-related names failed to provide much of a risk-on signal, keeping the overall market environment cautious.

AMZN had a nice rally but has faded over the last 2 days. 

MSFT also ran up nicely this week and has held up well given the pressure in tech.

IWM was fairly choppy and INTC slid very nicely with the selloff in the semi’s for a downside score.

When not holding strong opinions, we normally close out entirely and start next week fresh.

When holding strong opinions, roll out in time and to a lower delta option.

When still wishing to have somewhat of a lean, close half and roll out half to a lower delta position.

Enjoy the weekend!

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7-16

INTC is sliding lower into our next levels.

Additional Levels: 87.49, 82.06

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7-16

INTC is breaking down lower. Consider a roll/trim.

Additional Levels: 92.61, 91.50

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7-16

IWM is rallying higher here. Consider adjusting with a roll/trim!

Additional Levels: 298.9

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7-16

INTC is sliding here. Consider taking profits.

Additional Levels: 95.60

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7-15

INTC is breaking down and within cents of target 2. 

Consider a roll/trim.

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7-15

AMZN is breaking out more here. Consider a roll/trim.

Additional Levels: 256.38, 258.67

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7-15

INTC is sliding lower into target 1. Consider an adjustment/roll/trim if you are involved. DDA!

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7-15

AMZN is through target 3.

Additional Levels: 256.38, 258.67

MSFT Additional Levels: 396.84, 401.75

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7-15

INTC has traded higher and backed off.

MSFT is into target 2.

AMZN is through target 2.

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7-14

MSFT is running into target 1. Consider adjusting with a roll or trim.