Market Analysis and Trade Setups, Feb 6th, 2020

– how is the market at highs with coronavirus risk?

– when market rallies on bad news that’s a signal!

– check 4 day TPI on SPX
– market cap weighted still doing well, see AMZN, MSFT

– news vacuum analysis

– there’s a tsla echo effect i think

– yesterday was pretty aggressive risk-off
– MA
– CRM

– currently a failed breakout in XLF

whippy, choppy, higher vol

Risk off
– vix board inverts
– XLF loses 30
– AAPL loses 308

Setups
– WORK breakout
– Short VXX, SPX put butterfly
– Put Spread Sales in TWTR
– Put Spread Sales in ALL
– Upside call calendars in GOOGL – 1550 strike
– Bear Call Spreads in MSFT on next push
– Put Credit Spreads in V on drop sub 200

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