Netflix Setting the Tech Earnings Tone? ISRG, TSLA, GOOGL On Tap

Subscriber Daily Trading Data Trackers for July 18th

Hey everyone, hope you are all having a wonderful weekend. If you didn’t read our last post on stable coins, please do so. We feel that this is a very important development in the financial world that is going to have major implications moving forward. As far as the markets, let’s just go over a few technical charts. First up Netflix, which we highlighted earlier this week and they did in fact close below $1215 which is our bull/bear pivot as they lost nearly 3% on the week:

This week our early focus is on Intuitive Surgical, the moving average cross here is what’s leading us toward put structures for the earnings. The options straddles are looking for a 6.7% move or 35 points. We are targeting the 7/25 expiry $510/$480 put spread which can be bought for 9.25, so risking 9.25 to make 20.75 for a 2.24x risk reward structure. Take a look at the chart, we know this stock is a retail and institutional favorite but technically, it seems set up for a down move:

We will cover Tesla and Alphabet early next week as their earnings are out on Wednesday along with ServiceNow, which last quarter saw a massive post earnings jump in its stock price going from $745 to $945 basically!

As far as the futures indexes, the Nasdaq futures, our first floor to watch this week is 22,750 and on the upside we should see resistance up at 23,680:

The SP500 vs Nasdaq futures spread hit new all time lows this week as the NQ continues to outperform everything and money is once again being highly concentrated:

The mean reversion when it does come in that SP/NQ spread will be epic, but for now money continues to flow to all the high flying tech stocks, evidenced by Microsoft here:

One other thing we want to make you aware of is the fact that zero day options trading continues to gain steam. We view this as nothing more than gamblers paradise, dangling the carrot in front of retail to play the game with visions of wealth and get rich quick! Look at this chart, it is crazy, the fact that regulators are ok with all of this, seems ludicrous, we see zero value add to products like this, this is nothing more than large fund capital extraction from the unsuspecting retail space:

Alright, we have all the subscriber only data up next, we urge you to become a full subscriber and truly break through that barrier of understanding in regards to our global financial system and perhaps implement some of our trading trackers into your own investment profiles! If you are sick of stagnating, sick of losing then join the ranks of MTR Subscribers!

All for less than a Starbucks Grande coffee per day (regular coffee at that)! This is value, the level of what you learn here is expert, what are you waiting for?