
News of Hormuz


The only earnings release of note this afternoon was Crowdstrike (CRWD) and it exploded higher, plunged lower, and right now is down about nine bucks or so. Aggressive short-dated put and call owners are probably pulling their hair out whereas options sellers, at least as of this moment, seem to be sitting pretty.

Even with earnings season largely behind us, there are still a smattering of companies worth watching. This evening’s will be Crowdstrike (CRWD) which broke its long-term uptrend weeks ago and is quite plainly in a downtrend.

Quite a week so far, eh? Let’s catch up with a few major indexes.
The NASDAQ Composite is still hammering out what I pray to God will be a top for the ages. We’re getting there, but we are NOT there yet!
