Some of you can't hear talking pro's during the day so thought I'd share what pro's have said. Jonathan Hoenig is a former trader and is currently a hedge fund manager. He is often seen on CNBC and currently more often on Fox Business. This morning (1/26/24) he spoke about what is holding this market and making it go up. Yes, TECH which makes up 30% of the SPY. Most of you know I do not trade the Q's or SPY. I am stock specific. Currently I see my stocks consolidating which are mostly TECH. TECH IMHO will move this market for quite some time. NVDA. META, AI, and even IBM to name a few. Personally, I have been looking mostly at PUTS even though the market is up. My last trade was SNOW, 207.5 PUT, on 1/24/24. I cleared $540.00. SNOW today @ 11:26 AM is $205.00. Haven't touched anything since then because I can see my choices are consolidating. Hope you all are doing well.
