Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XME, XLE, FDN

Even though energy stocks fell sharply last week, the overall market made new highs again! Tech stocks continued to be strong, along with the financials.

For the week, the Dow was up +18.18 points; SPX added +4.06 points; Nasdaq jumped +78.66 points. Both gold and oil turned back down sharply, with gold trading just above $1150/ounce and oil trading below $65/barrel! At the time of this writing, Asian opened the new week mixed. China and Japan were still looking strong! Here's how the US markets looked after Friday's close:

SPX

On Friday, SPX slipped 5.27 points to close at 2067.56. Its MACD stayed flat.

Nasdaq

Nasdaq, however, added +4.31 points to close at 4791.63. Its daily MAs and MACD were up.

Nasdaq does look stronger than SPX, as it seems to be riding its upper BB up higher. SPX almost broke out, but, was held back, in parts, by the energy stocks. For the new week, we might just get more of the same, ie. strong tech stocks. According to the latest estimates, online shopping over the 4-day Thanksgiving weekend was higher than last year. Coming from some of the bellwether retailers, including WMT, TGT, and IBM, online sales over Thanksgiving were producing record numbers! Unless SPX falls under 2050, there's really not much to worry about. On the other hand, if Nasdaq continues to push higher, we could see 5,000 challenged before the year-end! Most sectors are still very strong, despite the weakness in commodities.

Sector Watch

FAS (financials)

It's been a very good year for the banks. FAS broke out back at the beginning of 2013 and it has not stopped rising! WFC is still the strongest of the banks. V and MA made new highs last week!

XME (metals and mining)

XME also fell on Friday, gold, ...

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Weekly Wrap-up: MU, LULU, PCP

We had another successful week last week, with most of the closed trades profitable and pushing this portfolio to nearly +19% in just two months!

Here are the closed trades:

MU Options Sell to close 15.00 (3.39%) of MU Dec ...
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Happy Trades Booking in Profits! LULU, PCP, BID

It's been almost 2 months since I started trading this Happy Trades portfolio.  It is now up almost +19%!  Here's a chart of this portfolio's performance against SPX:

The percentage of profitable trades is 83.8%, which means better than 8-out-of-10 ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, GLD, XRT, XLE, TGT, GPS, BBY

Markets climbed higher yet again last week, with both SPX and the Dow making new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, it does seem like buyers are still trickling in. ...

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

Markets climbed higher yet again last week, with both SPX and the Dow making new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, it does seem like buyers are still trickling in. ...

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A Market That Doesn't Come Down! SPX, Nasdaq

The recent sharp drop in September and October suddenly seems very distant in memory!  Since the intraday low on October 15 when SPX touched 1820, the broader market has rallied back with vengeance and set new all-time highs for consecutive ...

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MyHappyTrading's Happy Trades Is Now Live!

After publishing trades on Markefy for the past 2 months with my Ecstatic Plays Product, which is primarily for active traders, my second product, Happy Trades, is now live.  This new product is geared towards "part-time" investors/traders, who ...

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A Quick Word About Trading Options At the End of the Month

One important thing to note when trading options is that at the end of the month, options are a lot more expensive. This is because the monthly options of the present month had just expired. Traders turn their attention to ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, FAS, AGQ, NLFX, AAPL, IBM, GS, WFC, JPM, V, MA, CELG, BIIB, ILMN

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 ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, FAS, AGQ, NLFX

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 ...

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Netflix (NFLX) Gets Hammered 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 cents ...

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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 ...

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