Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, IGV, GOOG, AMZN, FB, OSTK, YHOO, MA, V, PSX, VLO, TSO, BIIB, CELG, AMGN

Markets bounced last week and we had a very good week locking in profits on upside trades, as discussed in my Weekly Wrap-Up post.

For the week, the Dow was up +161.03 points; SPX added +32.4 points; Nasdaq gained +123.5 points. Gold traded higher, closing above $1290/ounce. Oil slid again, trading at around $45/barrel (WTI). At the time of this writing, Asian markets were slightly down. Here's where the US markets closed on Friday:

SPX

On Friday, SPX fell 11.33 points to close at 2051.82. It managed to stay above its daily MAs. The MACD was higher.

Nasdaq

Nasdaq gained +7.48 points to close at 4757.88. Its MACD also went up.

Both SPX and Nasdaq managed to close above their respective daily MAs. But, the Dow ended just below its 20-day MA (not shown above). The coming week is going to be a busy one. Not only are we getting a bulk of the earning reports coming in, we will also hear from the Fed on interest rates. The latest housing data will be reported as well. For the new week...

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Weekly Wrap-Up: AAL, OXY, UAL

My " Happy Trades" portfolio did well for the week.  (Be sure to also read the Weekly Wrap-Up for "Ecstatic Plays", where I discuss the overall market.)

All of our new trades for the week were profitable, and we cut ...

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Weekly Wrap-Up: TWTR, BIDU, BA, OXY

The market managed a bounce this past week.  Earnings have been mixed, with weakness in the financials.  Energy stocks were still listless, although refiners (TSO, PSX, MPC, VLO) were on fire last week, "proverbially", as literally would not ...

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Netflix (NFLX): Here We Go Again!

In October, NFLX took a huge drop after its earnings!  I wrote an article to show the big trading range that NFLX traded in and where it might be heading (Click here to see the article).

Today, after the ...

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Weekly Wrap-Up: VXX, Z, VLO, CLVS

We mainly traded on the downside in the "Happy Trades" portfolio, besides our CLVS calls.  All of the closed trades were profittable:

VXX Feb 20 2015 Call 34.0 $4.775 $525.00 12.35% 01/16/2015
Z ...
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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN, GS, VLO, GLD, MS, AXP, HAL, IBM, NFLX, FFIV, EBAY

Stocks recorded another losing week last week. In my Market Forecast, I wrote:

"We will definitely get a feel from the financials, which could drive the broader market one way or the other. We have support at SPX 2000 and ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN

Stocks recorded another losing week last week.  In my Market Forecast, I wrote:

"We will definitely get a feel from the financials, which could drive the broader market one way or the other. We have support at SPX 2000 ...

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Watching Biotechs, Part 2

On Thursday, biotechs experienced a broad selloff, helping to push the overall market lower.  I published an article at about one hour before the market closed, pointing out the significance in the weakness of biotechs (See "Watching Biotechs").

After ...

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Watching Biotechs

Biotech stocks have thus far held up pretty well, while the market goes through tremendous volatility, sliding lower.  Most sectors now are looking bearish.  Financials fell off the cliff yesterday.  Semiconductors are getting weaker (INTC reports after ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN, CSX, UNP, CP, KSU, WFC, JPM, GS, BAC, C, BLK, PPG, TSM, SLB, INTC

Last weekend, in my Market Forecast, I was very cautious about the market. On Monday and Tuesday, stocks took a nosedive, sending SPX down to test the 2000 mark. But, on Wednesday and Thursday, things bounced back up. On Wednesday ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN

Last weekend, in my Market Forecast, I was very cautious about the market.  On Monday and Tuesday, stocks took a nosedive, sending SPX down to test the 2000 mark.  But, on Wednesday and Thursday, things bounced back up ...

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Biotechs Rally!

Biotech stocks were really strong today.  BIIB led the group with a $18.59 pop!  ALXN added nearly $10.  AMGN gained $5.34, erasing yesterday's loss.  JAZZ climed +3%.  ILM popped $6.61.

At ...

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