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

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 perhaps even 2000."

Well, things pretty much happened as predicted. On Monday, things struggled to find a real direction. But, buyers came in in full force on Tuesday and continued all the way until just before the Fed's rate announcement on Thursday. By that time, SPX was hovering right around 2000.

On Thursday, before the Fed announcement, I said in our Chatroom:
"...we might see a flat market today... a lot of people are expecting big movements... so, what might happen today is "nothing"... real movement may come tomorrow or next week..." [8:55 am] PST

That was what exactly happened as well! Right after the Fed announced "no rate change", markets were volatile. But, when Yellen came on TV to further detail Fed's decision, stocks rallied. SPX went up another 20 points to test 2020. During that time we picked up GOOG calls and made a quick, nice trade:


We locked in the quick profit because I did not expect the gains to hold. Sure enough, before the market close on Wednesday, SPX came back to flatline, and went slightly negative for the close.

Friday was the "real" move after the Fed, as the markets dropped, with SPX losing 1.62% to trade below 1960! We captured the downside with some puts. Here are the closed trades for the week:


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For the week, the Dow was down 48.51 points; SPX fell ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK SOXX, FDN, XLE, GOOG, GOOGL, AMZN, PCLN, TWTR, FB, LNKD, GS, ADBE, APC, APA, EOG, OXY, CELG, GILD, BIIB, CLVS, INCY, KITE

The markets were range-bound last week, as stocks consolidated. After Labor Day Monday, Markets opened with a rally on Tuesday. But, as discussed in my Market Forecast last weekend, stocks hit resistance between 1970-1980. After a quick overshoot on Wednesday ...

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

The markets were range-bound last week, as stocks consolidated. After Labor Day Monday, Markets opened with a rally on Tuesday. But, as discussed in my Market Forecast last weekend, stocks hit resistance between 1970-1980. After a quick overshoot on Wednesday ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK SOXX, FDN, SOXX, BIIB, AMGN, CELG, GILD, GOOG, GOOGL, PCLN, NFLX, AMZN, TWTR, YELP, LNKD, AAPL, MA, V, CLVS, HRTX

Last weekend, in my Market Forecast, I wrote:

"For the new week, the market starts at a neutral position as the market consolidated on Friday. But, stocks may slip as the buying momentum wanes. Before the sharp drop, people were ...

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

Last weekend, in my Market Forecast, I wrote:

"For the new week, the market starts at a neutral position as the market consolidated on Friday. But, stocks may slip as the buying momentum wanes. Before the sharp drop, people were ...

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Comments

Navigating a Volatile Market: SPY, AAL, HRTX, BIIB, AMGN, GILD, UTHR, CELG, INCY, GOOG, GOOGL, AMZN, FB, TWTR, PCLN, BIDU, WUBA, AAPL, NXPI, AVGO, TSLA

Yesterday, stocks plummeted dragging SPX down almost 3%. Today, stock bounced, sending SPX up 1.83%. We have been navigating these volatile swings quite well, logging in gains on both sides. We locked in profits in SPY puts yesterday and ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, XME, FDN, MA, V, ACI, CNX, BTU, EOG, TSO, VLO, PSX, GOOG, GOOGL, AMZN, PCLN, FB, NFLX, DO

This market has been pretty crazy! Monday's drop was pretty unreal! The Dow was briefly down over 1,000 points. This was after falling three days in a row the week before. SPX fell down to 1867 before bouncing ...

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

This market has been pretty crazy! Monday's drop was pretty unreal! The Dow was briefly down over 1,000 points. This was after falling three days in a row the week before. SPX fell down to 1867 before bouncing ...

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Making Money As the Market Bounces! NFLX

The markets around the world bounced in the past couple of days. We have been trading the downside, but, locked in our profits just in time. We also took advantage of the bounce as the markets turned on Wednesday.

Our ...

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Making More Profits On the Downside! GOOG, GOOGL, APA, APC, SLB, XOM, CVX, OXY, HES, EOG

Markets are down big again today! The Dow was down over 1000 points near the open! SPX traded below 1970 in the morning, and Nasdaq fell below 4300!

Between the various products that I have on Marketfy, we took some ...

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World Markets Tumble + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, IGV, BTK, FDN, GS, WFC, BAC, JPM, MA, V, GOOG, GOOGL, AMZN, FB, NFLX, GILD, BIIB, CLVS, JAZZ, AMGN, CRM

Last week, world markets tumbled, as worries over China finally pushed investors to exit in panic! The Dow was down over a whopping 1000 points (-1017.65 to be exact); SPX fell 120.65 points; Nasdaq tumbled 341.85 points ...

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World Markets Tumble + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, IGV, BTK, FDN

Last week, world markets tumbled, as worries over China finally pushed investors to exit in panic! The Dow was down over a whopping 1000 points (-1017.65 to be exact); SPX fell 120.65 points; Nasdaq tumbled 341.85 points ...

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Comments