Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, FAS, SOXX, XLE, AAPL, IBM, YHOO, MSFT, BRCM, XLNX, BIIB, CELG, ILMN, GS, JPM, WFC, OXY, HAL, DO, EOG

It was another volatile week. Stocks tumbled during the first 3 days of trading, hitting an intraday low of 1820.66 on Wednesday before bouncing back. But, by Friday's close, SPX was back up to test 1890!

Things once again went according to my weekly Market Forecast. Last weekend, I wrote,

" Financials will be very important, especially their earnings. Biotechs could see more selling to catch up to the broader market. Below 1900, SPX has support at 1880. Nasdaq has support at 4240."

On Monday, the market fought to keep above 1880, but, failed. On Tuesday, buyers tried again to keep that support. But, earnings from WFC and JPM were not good enough. On Wednesday, stocks experienced a bit of "free falling", dropping nearly 50 points to 1820 before bouncing! On Friday, MS's report was better and stocks rebounded, with both SPX and Nasdaq closing above their respective support levels.

We had a mixed week, with TSO calls giving us profits as high as +138.71%:

CLVS Options Sell to close 20.00 (6.49%) of CLVS Nov 22 2014 Call 45.0 at 6.50000 4.84% ($600.00) Profit
SCTY Options Sell to close 5.00 (1.57%) of SCTY Nov 22 2014 Call 48.0 at 6.00000 15.38% ($400.00) Profit
SCTY Options Sell to close 5.00 (2.09%) of SCTY Nov 22 2014 Call 48.0 at 8.00000 53.85% ($1,400.00) Profit
AAPL Options Sell to close 10.00 (2.01%) of AAPL Nov 22 2014 Put 95.0 at 4.00000 5.26% ($200.00) Profit
TSO Options Sell to close 10.00 (1.87%) of TSO Oct 18 2014 Put 60.0 at 3.70000 138.71% ($2,150.00) Profit
TSLA Options Sell to close ...
Read More
0 Comments

Where Is Netflix (NFLX) Heading After Earnings!

Netflix (Nasdaq: NFLX) reported earnings after the market today.  Its revenue rose 27 per cent to $1.41bn, in line with analysts’ expectations.  However, its forecast for the fourth quarter was only 44 cents per share, about half the 84 ...

Read More
0 Comments

Ebola-Related Stocks Soar! LAKE, APT, SMED

While most stocks were getting hammered last week, stocks of companies that make protective masks and suits were soaring. Today, they popped even more!

Lakeland Industries (NASDAQ: LAKE), which produces protective clothing such as the ChemMax 1 hazmat suit, popped ...

Read More
0 Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, BTK, FAS, SOXX, WFC, C, JPM, BAC, GS, COF, AXP, GOOG, NFLX, EBAY, INTC

The market was very volatile this past week. But, we were patient on our trades and had another profitable week. My Ecstatic Plays portfolio is now up +116.6%!

Our puts on BIDU and V added to our portfolio and ...

Read More
0 Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, BTK, FAS, SOXX

The market was very volatile this past week.  But, we were patient on our trades and had another profitable week.  My Ecstatic Plays portfolio is now up +116.6%!

Our puts on BIDU and V added to our portfolio and ...

Read More
0 Comments

Ecstatic Plays Portfolio Now Up +116.6%!

We are having a nice morning!  In just a little over two months, my Ecstatic Plays Portfolio (Click here to see) is now up +116.6%!  90-Day performance is just over +100%.  Here are some stats:


Ecstatic Plays Portfolio Statistics ...

Read More
0 Comments

Markets Pop After Dovish Comments From Fed: SPX, Nasdaq, IWM, AMZN, MNST, AAPL, MPC, FDX, GMCR, PCLN, RL, SCTY, GILD, BIIB, CELG, VRTX, BMRN

After yesterday's steep drop, buyers responded by driving the stocks up to their best day of 2014, after the Fed released its dovish comments toward raising rates.

In the morning, SPX touched a low of 1925.25.  But, before ...

Read More

Weekly Wrap-Up (up +114% in 2 months!) + Market Forecast + Sector Watch: GS, ALXN, BIDU, AAPL, POT, CTRP, LNKD, CLVS, TIBX, BIIB

Last weekend, in my Market Forecast, I wrote:

" For the new week, I think the markets will be volatile again. Although we saw a solid bounce on Friday, both SPX and Nasdaq closed below their respective daily MAs (The Dow ...

Read More
0 Comments

Weekly Wrap-Up (up +114% in 2 months!) + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, TAN, OIH, XLE

Last weekend, in my Market Forecast, I wrote:

" For the new week, I think the markets will be volatile again. Although we saw a solid bounce on Friday, both SPX and Nasdaq closed below their respective daily MAs (The Dow ...

Read More
0 Comments

Markets Bounce Back From Morning Weakness! SPX, Nasdaq, BIDU, AAPL, POT, TSLA, GPRO, MBLY, CREE

After yesterday's big falloff, markets opened with continued weakness in the morning.  We started locking in profits in the afternoon, after lunch, on the downside plays.  Our timing was just about perfect!  Here are the closed trades for today ...

Read More
0 Comments