Asian Markets Tumble! SINA, SOHU, NTES, BIDU, CTRP, BABA, WUBA, WBAI, WB, QIHU, QUNR

Asian markets are down as I start to compose this article. Hong Kong's Hang Seng is down over 1,000 points (or, about 4.5%)!! Japan is currently down about 1.5%. China is down another 5%!

Earlier today in the US market, Chinese ADRs also dropped steeply out of the gate, on the 4th day of continuous fall. NTES fell as low as $116 (closing at $129.78). SINA dropped to $42.3 (closing at $44.52), completely erasing the recent gain. SOHU went down to $44 (closing at $47.1).

Other Chinese names also fell sharply before cutting some of the losses. CTRP traded down to $63, but, managed to close at $71.1. BIDU went down to $180.54, and closed at $187.54. Some stocks didn't recover much. For instance, WBAI closed down 16.64%! Both QIHU and QUNR were down more than 7%.

These stocks could get pummeled again tomorrow! CTRP, in particular, hasn't pulled back much at all! ATHM could have much more to fall as well. BABA is now revisiting its all-time low.

Good night and HappyTrading! ™

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: Greece Votes "No", FAS, BTK, FDN, IGV, GS, BAC, JPM, WFC, V, PNC, STI, AMZN, FB, GOOG, NFLX, BIIB, CELG, AMGN, GILD, JAZZ, RHT, CRM, CYBR

Happy 4th of July weekend!

Last weekend, in my Market Forecast, I said,

"For the new week, the markets look to open on the downside. SPX's initial support is at 2080. Below 2080, there is support between 2060-2040."

The ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: Greece Votes "No", FAS, BTK, FDN, IGV

Happy 4th of July weekend!

Last weekend, in my Market Forecast, I said,

"For the new week, the markets look to open on the downside. SPX's initial support is at 2080. Below 2080, there is support between 2060-2040."

The ...

Read More
Comments

World Markets Fall On Greece! AMBA, PCLN, VIX, AMZN, GOOG, GS, LNKD, EXPE, JUNO, CELG

Financial markets around the global fell on Monday as Greece imposed capital controls and shut down banks! US markets were holding up pretty well throughout the morning, down only about 1%. But, as the day went, the selling continued. SPX ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: Greece, FAS, BTK, FDN, IGV, GS, WFC, JPM, V, MA, BIIB, INCY, LLY, CLVS, HRTX, BLUE, KITE, CYBR, FEYE, VDSI, PANW

"Greece" once again dominated the news in the financial markets. Last week, things were already volatile. Nasdaq popped to a new all-time high on Monday and SPX tested 2130 again. But, as talks between Greece and its creditors dragged on ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: Greece, FAS, BTK, FDN, IGV

"Greece" once again dominated the news in the financial markets. Last week, things were already volatile. Nasdaq popped to a new all-time high on Monday and SPX tested 2130 again. But, as talks between Greece and its creditors dragged on ...

Read More
Comments

Making Money On Netflix Again! NFLX

Read More
Comments

Chatroom Talks + Ambarella Drops 21% in One Day! AMBA, SNDK, BA

Last Friday, Citron Research made a statement calling AMBA shares too expensive and put a $60 12-month price target on the stock. We picked up AMBA puts on Friday.

Today AMBA fell fast right at the market open. It ended ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, TLT, FAS, IGV, GS, PNC, STI, APA, APC, EOG, SLB, OXY, CYBR, FTNT, FEYE, HUM, CI, AET, UNH, ANTM

Last week, as expected, the market started on a weak note on Monday, But, buyers soon returned, leading up to a rally on Thursday, after the Fed told investors not to place too much importance on the initial interest hike ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, TLT, FAS, IGV

Last week, as expected, the market started on a weak note on Monday, But, buyers soon returned, leading up to a rally on Thursday, after the Fed told investors not to place too much importance on the initial interest hike ...

Read More
Comments

Biotechs Lead Nasdaq to Record High! BMRN, AMGN, RCPT, MDVN, BIIB, KITE, CELG, INCY, JAZZ, BA, AMZN, ISIS

Biotech stocks jumped higher today, pushing Nasdaq to a record high at 5133. Yesterday, after the market, BMRN shares popped higher, as the company reported positive results from a mid-stage study for its drug to treat the most common form ...

Read More
Comments

Mobileye Keeps Going Higher + Chinese Stocks Staying Hot! MBLY, CYBR, PANW, AMBA, BIDU, YOKU, SOHU, NFLX, QIHU, WBAI, WB, SINA, DANG, NTES

Last week, I wrote an article, titled "Buy Mobileye NOW!!", beseeching you to buy MBLY as soon as possible. MBLY today popped another +4.69%, and, we once again locked in our gains as high as +53%:

My Ecstatic Plays ...

Read More
Comments