Markets pulled back last week. AAPL earnings disappointed investors on Tuesday and pressure the tech stocks. Energy stocks stayed weak. Stocks were especially weak on Friday, as SPX pulled back 1.07% and closed just below 2080.
However, we traded very well, and booked winning trades on both up and down sides. Our TSLA calls early in the week gave us an intraday +74% gain. NXPI calls after the pullback gave us +68.28% profit. We also played SPY puts, which scored as high as +80% win. Here are the closed trades for the week:
My Ecstatic Plays portfolio is up +235% in the past 365 days, up +48% so far in 2015, and up +29% in the past 90 days. I have been working on a new portfolio called Happy Stocks. This portfolio is up a whopping +70% in the past 90 days. If you are interested in finding out more about Ecstatic Plays, please CLICK HERE. To find out more about Happy Stocks (this portfolio will trade stocks as well as options and the trade sizes will be bigger than Ecstatic Plays), please CLICK HERE!
For the week, the Dow was down 517.92 points; SPX fell 46.99 points; Nasdaq dropped 121.51 points. Oil (WTI) fell to $48/barrel. Gold dropped as well, but, bounced on Friday and was trading higher, to almost $1100/ounce, this evening at the time of this writing. Asian markets were lower this evening, with Hong Kong down about 2.5%, as I composed this article. Let's take a look at the US markets:
On Friday, SPX fell 22.5 points to close at 2079.65. It closed below its daily MAs. The MACD turned down.
Nasdaq dropped 57.78 points to close at 5088.63. It closed ...