Skip navigation



mht_banner_moving.jpg Subscribe to "Happy" Membership     Subscribe in a reader FREE     Subscribe via Email FREE

Tuesday Big Movers: UPS, CMI, PCP, AMGN, YELP GILD, AKAM, TWTR, BWLD, PNRA

After a few days of pullback, the market managed a bounce today. SPX added +25.61 points, while Nasdaq gained +49.43 points.

This morning, UPS reported strong quarterly results and saw its shares trade up more than +5%! PCP shares popped +7.49%, even though it missed its estimates. We traded a small trade on PCP in my Happy Trades Portfolio and took away a +43% intraday gain:

We did exit a bit early. This could have been an intraday double!

AMGN continued to plow higher, adding another +4.35% today. We got into the August 165 calls yesterday in the Happy Trades Portfolio. We took our profits on this today, and reaped profits as high as +71%:

CMI reported a strong quarter, pretty much inline with the expectations. Its shares popped +3.4% today.

After the market, techs mainly disappointed in earnings. TWTR, YELP, and AKAM all traded lower. TWTR traded down 11%. Although its revenue grew, its user growth was muted. YELP lower its 3rd quarter forecast, sending its shares falling more than 16%. AKAM dropped almost 10% after it gave disappointing third quarter forecast. GILD was an exception; it reported a strong quarter and raised its outlook. GILD shares traded +3.17% higher after rising +2.29% during the regular session.

The big winners were in the restaurant group. PNRA shares jump nearly +8%, even though it slightly missed its quarterly targets. BWLD also missed its earnings expectations, but, its shares popped almost +10%!

In a volatile market environment such as the one we are in, the earnings reactions are often all over the place. The way that PCP was driven higher was purely technical, even though the its earnings were not really all that great. I doubt that the rise in PNRA would hold tomorrow, as it is already looking toppy. We may see YELP and TWTR slip further tomorrow, as these two companies seem to have a lot of things to figure out to get their business going again.

Although stocks bounced today, I still remain very cautious.

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, BTK, FDN, FB, TWTR, XOM,CVX, MA, GILD, AMGN, MRK, PFE, WFM, WYNN, VLO

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:

SPX

On Friday, SPX fell 22.5 points to close at 2079.65. It closed below its daily MAs. The MACD turned down.

Nasdaq

Nasdaq dropped 57.78 points to close at 5088.63. It closed below its 10-day MA. The MACD went down.

Markets were really weak on Friday. SPX went all the way down to close below 2080, and below its daily MAs. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).

Winning More On Both Sides, Introducing Happy Stocks! BIDU, SPLK, GOOG

I have been building up a new product, a new portfolio. It is called “Happy Stocks“! This portfolio is for active traders. It is similar to Ecstatic Plays. But, in Happy Stocks, I will trade stocks as well as options. In addition, this new product is for traders with bigger appetites. The trade sizes will be bigger than those traded in Ecstatic Plays.

Here are some of Happy Stocks stats so far, noting that it is up +65% in the past 90 days!

Just like in my other portfolios, in this portfolio, I have been trading on both sides, as the broader market is ranged bound. On the upside, I locked in gains on SPLK calls, which I wrote about in an article on cloud services and cybersecurity. These trades render profit as high as +38%:

I also picked up BIDU calls for a quick overnight win of +30% :

On the downside, I traded GOOG puts. We caught a gigantic win on GOOG calls, playing the earnings, raking in about $22,000 on a +502% win. GOOG/GOOGL have been going up and up and was looking overbought. These puts gave me a +36.5% profit:

This portfolio is not fully published yet. But, you can check it out by CLICKING HERE. If you have any questions, please do not hesitate to message me.

Good night and HappyTrading! ™

After Market Movers; Amazon Jumps Again! SWKS, V, SBUX, TRIP, AMZN, JNPR

After market today, AMZN reportedanother blow-out quarter, especially in its cloud services, which climbed 81% in revenue! AMZN stock soared to above $570 at one point! V shares popped more than +7% as its earnings vaulted 25%! SBUX reported quarterly profits that increased 22%, sending its shares up more than +5% this evening. Between these three companies, you can see that consumers are still spending money!

JNPR shares vaulted more than +10% as the company reported earnings of 53 cents per share vs. the consensus of 40 cents per share. TRIP shares fell 9.5% as it missed its earnings estimates.

SWKS gained +2.82% in after-hours trading on top of today’s +3.48% gain during the regular session. Skyworks reported earnings of $1.34 per share, beating the estimate of $1.28 per share by 6 cents. Its forecast for next quarter is also better than expected.

We are going to digest these numbers tonight and will be trading some of these names or other names in the same sector. See our winning today (Click here) and come see what Ecstatic Plays offers and what we are trading next! This product is the #1 Performer on Marketfy.com.

Good night and HappyTrading! ™

Winning Big On Both Sides! SNDK, NXPI, SPY, CRUS, SWKS

While the markets traded down today, there were certain stocks that did really well. One group was the same group that got pulled down by AAPL yesterday. These stocks were CRUS, SWKS, NXPI, and AVGO. But, after the market yesterday, CRUS crushed its earnings estimates, sending its stock up 16.33% today! SWKS was up +3.49%. NXPI popped +3%, while AVGO added 1.84%. All of these stocks were high at one time in the morning.

We picked up NXPI calls yesterday near the low, and locked in profits in late morning today, booking in overnight profits as high as +79.4%! We had NXPI calls in both of my Happy Trades portfolio and the Ecstatic Plays portfolio with slightly different entry points:

In my Happy Trades portfolio, I also picked up SNDK calls. SNDK reported last night strong quarter results that beat the analysts’ estimates. SNDK stock popped +18% today. We cashed out our calls near the day high for a nice +210% profit:

Because the overall market was weak, we also picked up SPY puts, which we took profits on when the market was near its lowest point. These gave us a +40.69% gain:

These trades have brought my Ecstatic Plays portfolio to a new all-time high!

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!

Good night and HappyTrading! ™

Apple Tumbles After Earnings! AAPL, MSFT, YHOO, CMG, GOOG, GOOGL, NFLX

After our big wins on GOOG and NFLX, I told my members in the chatroom that this market is going to be range-bound, and that we should look for some downside trades to hedge:

Monday, July 20, 2015
Happytrading:
I said on Friday that the market is going to be range-bound for a little while… [7:20 am]

Happytrading: we should look for downside trades to hedge… [7:20 am]

Today, markets were under pressure. The Dow was down over 200 points most of the afternoon, and closed down 181 points. After the market, AAPL tumbled more than $10 at one point, as its Q4 sales outlook disappointed investors. MSFT also posted weak results as it booked $8.4 billion write-down, although it managed to beat analysts’ expectations. MSFT traded down almost 4% in after-hours trading. YHOO also posted a weak quarter and its shares slid in the evening. CMG initially traded down after releasing its quarterly report, but, it is now trading higher. Chitpole’s quarterly profit did beat the analysts’ expectiations. But, CMG’s option premiums are so high on both sides, both sides are likely to lose value tomorrow.

This is what often happens after the present month’s options had just expired. The options for next month still have a lot of premiums built in, because they are not to expired for another few weeks. What happens next is that the markets get volatile, but, range-bound. Big players will often sell options or write covered calls. As the volatility dwindles down the premiums on the options, those options sold are bought back, or covered. Then, the real direction for the market will emerge. This is part of the game that you should always be aware if you trade options.

We are sitting on 96% cash in my Ecstatic Plays Portfolio. A vital skill in trading is to learn not to lose your winnings back. Right now, being in cash is a very good position, and our downside plays should do well tomorrow.

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!

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XRT, SOXX, XLE, BTK, CELG, BIIB, AMZN, AAPL, GOOG, GOOGL, NFLX, YHOO, LMT, BA, UTX, IBM, CMG, UNP, CP, CNI, SWKS, CRUS, SBUX

Stocks were really strong last week, as Greece reversed its position and agreed to more austerity demanded by its creditors. SPX popped higher to test 2100 on Monday. By Tuesday morning, SPX had already broken through. Solid earnings from financial companies kept buyers in the markets. On Wednesday and Thursday, tech stocks got charged up by strong results from NFLX and GOOG. Nasdaq closed at a new all-time high on Friday.

We had a tremendous week, hitting both NFLX and GOOG earnings jumps! The earnings trade on GOOG gave us an overnight +502% profit! Here are the closed trades for the week:

My Ecstatic Plays Portfolio now is up +233% in the past 365 days and up +46.83% for 2015, and it is the #1 performer on Marketfy.com.! 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 +326.04 points; SPX added +50.02 points; Nasdaq gained +212.44 points. Gold tumbled down to barely holding above 1100/ounce! Oil (WTI) also traded lower, closing just below $51/barrel. At the time of this writing, Asian markets mixed and little changed. Let’s see where the US markets closed on Friday:

SPX

On Friday, SPX added +2.35 points to close at 2126.64. Its daily MAs and MACD were slightly up.

Nasdaq

Nasdsaq gained +46.96 points to close at 5210.14, a new all-time high!Both SPX and Nasdaq completed a V-shape recovery from the pullback that started in late June. Last week had the right catalysts (Greek deal and great earnings) to push stocks higher. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).

Raking In Big Profits With Netflix and Google! NFLX, GOOG, GOOGL

Yesterday, we cashed out our NFLX calls for a nice +79% gain!

NFLX has been very good for us, and, we have caught just about every big jump. A couple of weeks ago, when Netflix announced the 7-to-1 split, we also caught some big trades. In an article, I said that the company’s management would not have gone for a 7-to-1 split unless they believe the stock price will stay above $100 post split. So, when the stock pulled back after Ichan got out and the stock fell back to about $670, the stock had a lot more room to run.

Big buyers started driving the stock up before earnings. On the day of earnings, the stock split, and it was below the $100 mark. So, chances were good that we were going to see a jump after earnings. To me, the weakness on the day before earnings was just to shake out weak holders.

Now, today, we got a huge win, on GOOG/GOOGL! We got into GOOG 565 calls yesterday, and today we took the profits in the morning for a whopping +501.79%!

Just this one trade, made us almost $22k!

GOOG also showed similar strong buying ahead of earnings, and, the buying didn’t stop! On the day ahead of earnings, there was a spike up in the last 30 minutes. It looked as if the news had leaked out already. People were rushing in to buy.

From the charts, I was estimating GOOG to hit $650. It opened at $649 today, and, my limit order hit a few minutes later. GOOG (Class C) continued to go higher throughout the day. It turned out that people were looking for GOOGL (Class A) to hit $700! Although we left some money on the table, you can’t complain with an overnight gain of +500%!!

These trades (and others, we had a tremendous week!) have propelled my Ecstatic Plays Portfolio to new heights. Its value is now over 300K, with a starting value of 100K less than a year ago! It is the #1 Performer on Marketfy.com!

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!

Have a great weekend and HappyTrading! ™

Three Stocks To Buy Right Now! MBLY, SPLK, DATA, VDSI, MSFT, CRM

A month ago, I wrote an article titled, “Buy Mobileye Now!!“. In the article, I was looking for MBLY to retest $60. Since then, there have been numerous upgrades on MBLY, and, today, MBLY traded as high as $59.29! It will likely test that $60 mark very soon!

The M&A actions in the semiconductor sector continues to heat up. There have been rumors about MSFT at least looking into purchasing CRM. This leads to me to think that perhaps we should take a closer at the software space, particularly in the cybersecurity and cloud areas.

There are three stocks that I think could do very well in the coming months.

1) Splunk, Inc. (SPLK)
Last Friday, SPLK announced that it will purchase Caspida, Inc to boost up its cybersecurity in its products. SPLK pulled back a bit today. But, I think SPLK is about to break out!

Splunk provides software products that allows the user to collect and analyze real-time data. It also provides cloud services. SPLK’s all-time high is $106.14 set back in February 2014. I’m looking SPLK to at least test $85 by the end of the year.

2) Tableau Software, Inc (DATA)
DATA has already been very strong. It has been hitting a resistance around $123 to $124. It is due to report earnings on July 29, before the market opens. Today, it received a target boost from $122 to $138. Its charts are a bit toppy. But, I think if the broader market gets past the issues with Greece and stays strong, $138 is not a difficult mark to hit.

3) VASCO Data Security International Inc (VDSI)
VDSI recently traded up to $35, but, has been pulling back with the rest of the cybersecurity stocks for about two weeks. It closed on Monday at $28, up +2.12%. What is interesting is that VDSI shot up to $29.11 intraday today, before pulling back.

I think VDSI could do very well ahead of its earnings on July 28. I would look for it to re-test that $35 mark on good earnings.

Good night and HappyTrading! ™

Micron Gets A $23 Billion Bid From China! MU, INTC, ALTR, NXPI, AVGO, BRCM, MRVL

Tonight, there are rumors that Micro (MU) is about to get a $23 billion bid from China’s Tsinghua Unigroup Ltd. MU closed at $17.61 on Monday with a market cap of $19 billion. If the rumors were true, the buyout offer is about 19% above where MU is trading right now.

The whole semiconductor industry is consolidating. INTC is buying ALTR. AVGO is buying BRCM. There has been rumors about MRVL being a takeover target.

Even at $21, MU looks cheap. I think MU could quickly trade up to $25 or $26. The semiconductor stocks have been really weak, and have been pulling back for three weeks! Investors will likely jump back into these stocks tomorrow. This should make things very interesting before INTC’s earnings on Wednesday!

Good night and HappyTrading! ™