Friday and Monday Market Summary

China appears to be preparing for a trade meeting as they have stopped devaluing their currency. The market had some nice gains on Friday as many Chinese stocks bottomed and started moving up like Alibaba. Alibaba ran up after reporting earnings on Thursday and came down sharply 13 points. It opened around 175 on Friday, came down below 173 and finished by moving up that continued Monday when it passed 180. I picked up a September 17 dated call option with a strike price of 180 on Friday. I hope it breaks through to 187 by Thursday for me to sell it.

Alphabet (GOOGL) on Friday opened higher, moved up and back down near where it closed Thursday around 1221 then went up to 1234 and finished the day above 1236. Monday Alphabet moved similar to Friday when it opened around 1244, up to 1247, came down to 1241 at 9:40am and ran up for the rest of the day. I have Friday's chart to the right and Monday's right under it.

I mentioned over a week ago that Twitter looked like a great deal under $33. It went down to $32.35 and has been up since as it closed today above $35 on it's way to 42.

Ford moved up since Thursday as it touched $10/share again today with the news about the Mexican trade agreement. Tesla moved sharply lower today but settled the day just under Friday's closing price. Analysts are saying what I said a while ago about Elon Musk should worry about making cars and hire someone to handle the public. I also said that Tesla should remain public and now Musk agrees as he posted on his blog Friday evening.