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, buyers locked in profits. Thursday and Friday were tightly ranged.

We have been keeping mostly cash, but, still found some nice trades. AVGO calls gave us profits as high as +72%. On the stock side, we locked in profits on SEDG for a gain of +7.9%. Here are the closed trades for the week.

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For the week, the Dow was up +330.71 points; SPX added +39.83 points; Nasdaq gained +138.42 points. Gold fell to below $1110/ounce. Oil (WTI) slipped below $45/barrel. Over the weekend, China reported a slow-down in its factory output. At the time of this writing, it seemed enough to place pressure on Asian stocks, which were mostly lower. Still China is aiming for a 7% GDP growth for 2015, although it seems that economists outside of China does not believe in that number.

Whether online or on TV, everyday you hear people arguing over Fed's up-coming decision on interest rates. Then, they worry about China's economy and whether or not China's GDP numbers are real. Finally, they try to rationalize what happens on the stock market each day, coming up with a "reason" for which ever way the market goes. I think these are just "noises", either people trying to make themselves useful by coming up with mental explanations for what is happening to feed the media, or people trying to "mislead" others ...

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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 ...

Read More
Comments

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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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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Ecstatic Plays Will Now Trade Stocks!

In addition to trading options, I will now start to trade stocks in my Ecstatic Plays Portfolio as well! In a year, I have tripled this portfolio trading options only and keeping cash at above 90%!

Since I do not ...

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