Pre Market FEB 21, 2025

Stocks are flat here in the Pre Market today
Notice I said flat, not stabile , that remains to be proven

Last night “Polar Vortex 2025” gave one last hard push. Usually I would curl up to hear the crackling of the fireplace and enjoy a good book, maybe draw or paint to go with it. Thursday nights I also usually have a few different “catch up” phone calls with different friends

Last night I did some of that, and a little more.. The fireplace was roaring to say the least, I did get out one of my “Top 5 Desert Island Investing Books” and read, a lot, knocked out a good chunk while running stock scans . My office is now cleared of some clutter I found adding up, took the Christmas stuff down to the basement. To say I was “In the zone” last night would be appropriate. As I finally had dinner at 11:30sh I still had one more scan for Volume I wanted to run….
Right here, right now, alllll of us need to be watching Volume…. At 12:30 a.m. it was time to call it a day

This morning when the alarm went off at “Cock-a-doodle- doo- half- past- thirty” It took me a minute to get up and get going, but I did…………..

The stock market feels like that right now.

Stocks were strong, strong, strong…….
I’d been saying and highlighting with COST and WMT both how each was at the top of their long term channels. We don’t buy ahead of earnings for a reason but no one thought WMT would sink the way it did yesterday. They beat estimates, it was the forward guidance that did the dirty work. Wall Street had expected forward guidance to come in at a solid 4%. WMT reported it would be 3-4%. They said that would be due to the impending tariffs
Wall Street believes that if the tariffs do increase WMT’s costs ( especially in electronics ) those costs would then be passed to the consumer

COST and WMT, both are both practically froze here for the moment

META, I still have concerns, even if it does see a “Dead Cat Bounce” The shorts are set on seeing it to $685.00
It wasn’t long ago that I shared the different price targets, but I also said that it needed to hold above $740.00 first, it hit that briefly, and didn’t hold

AAPL, MSFT and SMCI continue to be of interest to us
With any signs of strength we here at theoptionscoach.net plan on adding to those already winning positions

S+P 500 Support is 6,090
Today is OPEX, the M.M.’s will allow Theta to burn
Time to grind

The Options Coach