Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, XRT, BRCM, AAPL, BABA, UPS, TWTR, GILD, YELP, AMGN, CRUS, FFIV, EQIX, ATML, MA, ALXN, SBUX, FSLR, XOM, CVX

Markets enjoyed solid gains last week. Thanks to strong earnings from AMZN, GOOG/GOOGL, and MSFT, which inspired a rally on Friday. The market started out undecided, as stocks traded in a narrow range on Monday and Tuesday. On Wednesday, a quick drop in the afternoon shook out weak holders. Buyers returned strongly on Thursday, ahead of the earnings reports of the three tech giants. After market on Thursday, all three stocks jumped after their earnings were reported with AMZN and GOOG/GOOGL up more than +10%! Ironically, at the close on Friday, it was MSFT that held a +10% gain. Both AMZN and GOOG trailed off after the opening pop. But, still, AMZN closed up +6.23% and GOOG was up +7.7%.

We caught Friday's rally with AMZN calls and BABA calls, which gave us profits as high as +59% overnight! Here are the closed trades for the week:

To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

For the week, the Dow was up 430.73 points; SPX added +42.04 points; Nasdaq gained +145.17 points. Gold slid, but, keeping above the $1160/ounce mark. Oil fell back to below $45/ barrel (WTI). Here's how the US markets looked after Friday's close:

SPX

On Friday, SPX added +22.64 points to close at 2075.15. Its daily MAs and MACD went up.

Nasdaq

Nasdaq jumped +111.81 points to close at 5031.86. Its daily MAs and MACD went higher.

With Nasdaq popped +2.27% on Friday, it has now caught up with SPX and the Dow. Small caps (Russell 2000), however, are still lagging. For the new week...

If you'd like to read the rest ...

Read More
Comments

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

Markets enjoyed solid gains last week. Thanks to strong earnings from AMZN, GOOG/GOOGL, and MSFT, which inspired a rally on Friday. The market started out undecided, as stocks traded in a narrow range on Monday and Tuesday. On Wednesday ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XME, BTK, XLE, FDN, AMZN, P, GOOG, GOOGL, EBAY, BIIB, GILD, CELG, AMGN, ALK, LUV, AAL, ALGT, FCX, ATI, NUE, CAT

Last week, markets managed to push higher, propelled by the strength in the semiconductors and a late rally by the financials. Semiconductors have been drawing speculators searching for the next deal, ADI and MXIM being the latest in merger talks ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XME, BTK, XLE, FDN

Last week, markets managed to push higher, propelled by the strength in the semiconductors and a late rally by the financials. Semiconductors have been drawing speculators searching for the next deal, ADI and MXIM being the latest in merger talks ...

Read More
Comments

Time to Buy Some Gold! GLD

If you had invested in gold at the beginning of this year and did not cash out at the end of January, that investment probably had not done very well for you. But, your luck in gold could be about ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, SOXX, FDN, GS, BAC, WFC, JPM, BLK, INTC, ASML, XLNX, NXPI, AVGO, SWKS, CRUS, BRCM, REGN, VRX, AMGN, BIIB, NFLX, TWTR, LNKD, YELP

Markets finally had a strong week last week. Things popped higher on Monday, as SPX closed just under 1990. Tuesday and Wednesday saw some struggles with the direction as the trading range narrowed. However, Thursday's Fed Minutes gave buyers ...

Read More
Comments

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

Markets finally had a strong week last week. Things popped higher on Monday, as SPX closed just under 1990. Tuesday and Wednesday saw some struggles with the direction as the trading range narrowed. However, Thursday's Fed Minutes gave buyers ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, SOXX, IGV, SOXX, CELG, PTCT, HRTX, AGN, CLVS, KITE, CRM, RHT, ADBE, XOM, CVX, EOG, APA, OXY, AVGO, NXPI, SWKS, CRUS

Last week was an interesting week. On Monday and Tuesday, stocks dropped and SPX tested 1870, not quite as low as the August low. So things got a bit tricky, as the bulls and bears fought it out. But, by ...

Read More
Comments

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

Last week was an interesting week. On Monday and Tuesday, stocks dropped and SPX tested 1870, not quite as low as the August low. So things got a bit tricky, as the bulls and bears fought it out. But, by ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, SOXX, FDN, GOOG, GOOGL, AMZN, FB, PCLN, AVGO, BRCM, NXPI, SWKS, CELG, BIIB, GILD, AMGN, GS, BAC, WFC, JPM

Very often, I capture how the market is going to move throughout the week with just one paragraph of description in my weekly Market Forecast. Last weekend was not an exception, in which I wrote:

"For the new week, we ...

Read More
Comments

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

Very often, I capture how the market is going to move throughout the week with just one paragraph of description in my weekly Market Forecast. Last weekend was not an exception, in which I wrote:

"For the new week, we ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, GLD, GOOG/GOOGL, AMZN, PCLN, FB, NFLX, GS, BAC, JPM, CELG, GILD, AMGN, CLVS

Last weekend, in my Market Forecast, I wrote:

"For the new week, the market will start out with a neutral stance, albeit leaning a bit more towards bullish. I think there is a chance that SPX will re-test 1980, or ...

Read More
Comments