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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 ended down 2.09% for the day. The Dow fell 1.95%, and Nasdaq tumbled 2.4%.

We were mostly in cash going into the weekend, but, held on to some downside plays. We locked in profits in AMBA puts in the morning for gains as high as +47.8%:

PCLN was really weak, and we did some intraday trades on the puts. We also cashed out VIX calls in the afternoon. EXPE puts also gave us some quick profits. These trades helped pushed my Ecstatic Plays portfolio to a new all-time high! It is now up +39.53% for 2015 and up +28.75% in the last 90 days. The portfolio’s value is now approaching the $300,000 mark. (I started trading this portfolio in August 2014, less than a year ago.)

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!

Here is one of the recent reviews from a member:

JUNO popped more than +37% after the market, as CELG takes a stake in the company. CELG will pay $1 billion for 9.1 million shares of JUNO at $93 per share. JUNO traded as high as $80 after market, but, settled at $63.5 this evening, up from the $46.3 close during the regular session. We will look to buy calls on JUNO tomorrow.

Internet stocks let the decline in technology stocks today. Aside from PCLN, GOOG was down 1.91%. AMZN fell 1.88%. LNKD tumbled 5.73%. GS led the banks in their pullback, closing down 2.6%.

At the time of this writing, Asian markets were mixed. China was down again, falling another 3.5%, but, I think buyers may start to show up later.

I think we will see some bounces tomorrow, but, without a clearer picture of what is to come for Greece, buyers may not show conviction.

Good night and HappyTrading! ™

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, markets pulled back. Selling picked up some speed as we headed into the weekend. But, still, stocks held up pretty well on Friday.

We traded well last week and my Ecstatic Plays Portfolio is at a new all-time high. The portfolio is up +28.21% in the past 90 days and +37.87% for 2015! Here are the closed trades for the week:

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The big news this weekend was that Greece first announced a referendum to let its people vote on July 5 on the outcome of negotiations with its international creditors. Tonight, global financial markets are tumbling as Greece imposes capital controls and closes banks! At the time of this writing, Asian markets were down big, although China almost came all the way back to even momentarily!

For the week, the Dow was down 69.27 points; SPX slid 8.5 points; Nasdaq lost 36.49 points. Gold pulled back again to below $1180/ounce, while oil was little changed. Here are how US markets looked after Friday’s close:

SPX

SPX slid 0.82 point to close at 2101.49. It closed just below its daily MAs. The MACD was down.

Nasdaq

Nasdaq fell 31.68 to close at 5080.51. It closed right at its 30-day MA. The MACD also went lower.Both SPX and Nasdaq showed a neutral stance at Friday’s close, as investors waited to see what would happen in Greece over the weekend. Well, as mentioned above, Greece has imposed capital control and ordered banks to close for a week, although ATMs will remain open with a 60 euro daily limit on withdrawals. For the new week…

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Making Money On Netflix Again! NFLX

About two weeks ago, we scored a big one on NFLX when the company approved increase of shares available on the market. We took gains as high as +159%!

Yesterday, after the market close, NFLX announced a 7-to-1 stock split. NFLX shares traded up to $705 in after-hours trading. We started trading NFLX calls on Monday, and, locked in some profits on Tuesday:

In our Chatroom, we discussed the possibility of a stock split. We all knew it was coming:

The way that it was trading this week and with the recent price target boosts to as high as $900/share, I felt that it was worth the risk to hold on to some calls. Sure enough, the news came yesterday!

We locked in profits this morning at over +77%:

Then, we rolled up and made some more quick, intraday, profits:

We got a little greedy and rolled up again, just before Icahn exited his position. NFLX quickly fell $7. So, we took the loss on our last trade:

So, from these trades, we ended up about $4195, or about +67% of the original trade! These trades have pushed my Ecstatic Plays Portfolio to a new all-time high! To subscribe or to find out more about this product, please CLICK HERE. If you have been reading my articles, but, have not checked out my services, please take a moment and CLICK HERE to see what Ecstatic Plays offers!

Where do we go from here on NFLX? I think there’s a lot of trading left. When AAPL split 7-to-1, it jumped +8% the next day! NFLX is current up about +1.5% as I write this article. So, why the magic number “7″? This tells the investors that the company’s management thinks that after the split, its stock should trade at least $100, which translates to above $700, pre-split. (Note that AAPL is trading around $130/share.) Yes, technically speaking, NFLX’s charts are perhaps a bit toppy, and, may require some time to let the technicals catch up to its present share price.

Because Icahn just sold his entire NFLX holding, NFLX shares are going to be volatile for the next few days.

Netflix is still expanding world-wide. Its market cap is only about $40 billion, comparing to Facebook’s $250 billion, Twitter’s $24 billion, Time Warner’s $50 billion, Amazon’s $205 billion, Alibaba’s $213 billion. Yes, I may be comparing oranges to apples. But, Netflix has a dominant position in what it does, world-wide, not just the US. Can we say the same about the others? Besides, lots of bigger corporations are looking to get into or boost up their existing online streaming video business. Is Netflix not a takeover target (not that it would want to sell itself)? BABA is looking to expand into the US markets. Instead of NFLX going into China, could BABA look to buy into the US? Or, perhaps some alliance could be made?

As, I’m finishing this article, NFLX trades at $687 (and, slipping)!

HappyTrading! ™

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 the day down 21%, a whopping $25-drop! Although we cashed our puts out early in the morning, we still scored a +104% profit:

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Jim Cramer thought that after today’s drop, AMBA is not too cheap! AMBA closed at $94.36 today, from Friday’s close of $119.35. I think this stock is going to be volatile this week. I wouldn’t not rush in to buy this, unless you are in for a quick trade.

GPRO traded down more than 5%, in sympathy with AMBA.

I added a live chatroom to my Ecstatic Plays services last week. This is where the trading community and converse in real time and exchange ideas. There are two stocks that we discussed in our Chatroom today that I thought I should mention. One is SNDK:

SNDK was upgraded by Summit Research today to a “Buy”. SNDK shares were up +2.44% today. SNDK has been trying to draw a bottom and a base to bounce from for a while now. I think this could rally up to $70s in a strong market environment.

The other stock is BA:

We have been trading BA and locked in some nice profits last week:

I was mainly trading BA off of the Airshow in Paris, from which BA secured many new contracts. BA today announced a $0.91/share dividend. BA has been basing for a while and has broken to the upside. As I mentioned in the Chatroom, I can see this in the $150s soon.

Good night and HappyTrading! ™

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, as rates are likely to remain low. But, on Friday, some fear returned, as investors shifted their focus back to Greece.

We had another nice week, with quite a few nice trades. As shown in my article on Wednesday night, my Ecstatic Plays portfolio’s value pushed higher again! We started the week cashing in on VIX calls (+85.5%) when the market dropped on Monday. Then, we locked in gains on AET calls (+63.9%), as UNH made a buyout offer. I talked quite a bit about MBLY and we scored as high as +53% on MBLY calls on Wednesday. BA calls did well for us with profits as high as +54.6%. Here are the closed trades for the week:

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Tonight, the big news is that Greece seemingly has come to some senses and made a proposal that EU leaders think they can use as basis to make progress. Back in the US healthcare industry, M&A frenzy continues. ANTM has made a $47 billion bid for CI, which Cigna has rejected. On the other hand, AET has reported made an offer to acquire HUM, while AET itself is being pursued by UNH. This 5-way “love affair” is starting to get messy. Besides AET, I think the other four could all go higher!

For the week, the Dow was up +117.11 points; SPX added +15.88 points; Nasdaq gained +65.9 points. At the time of this writing, Asian markets were mostly up. Gold made a big bounce to $1200/ounce, while oil (WTI) as slightly lower, trading just below $60/barrel. Let’s see where the US markets stood after Friday’s close:

SPX

On Friday, SPX fell 11.25 points to close at 2109.99. It closed above its daily MAs. The MACD has turned up.

Nasdaq

Nasdaq dropped 15.95 points to close at 5117. Its MACD went up slightly.Both SPX and Nasdaq now look healthy, thanks to Thursday’s big pop. But, both are still within the trading range, even though Nasdaq has made a new all-time high. It is still unclear whether there will be a follow-through to that breakout attempt. For the new week…

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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 of dwarfism.

This morning the whole sector jumped higher. BMRN ended the day up more than +12%. Here are how some of the other biotech names did today: AMGN +2.87%; RCPT +5.43%; MDVN +3.59%; BIIB +2.73%; KITE +3.48%; CELG +4.24%; INCY +3.33%; JAZZ +0.96%.

A lot of these biotech names shot up right at open, so it was difficult to chase. I do like KITE and JAZZ here. I think these could go up again tomorrow.

Elsewhere, other tech stocks were also strong. We locked in gains on CRM, MNST, BA, and AMZN. BA had a nice day, a solid bounce to retest the recent high. We got into BA calls yesterday and locked in profits as high as +55%:

We also did a nice day trade on AMZN, giving us an intraday gain of +30%:

AMZN should retest the recent high of $452 from here.

To subscribe or to find out more about my Ecstatic Plays services, please CLICK HERE. Come join the fun and see what we are trading. We just added a live chatroom today, FREE to any subscribers. If you have been following my blog and the progress of my Ecstatic Plays portfolio, its value is now up +38.8% for 2015 and +215% in the past 365 days.

The markets went quite far today. We might see a pause for the broader market tomorrow. But, investors may look to pick up any laggers. Unless, of course, there’s solid, positive news coming out of Greece.

Isis Pharmaceuticals (ISIS) had a nice pop last week, but, all of the gains evaporated. It bounced a bit today with the rest of the sector. I think this is worth a look now!

Good night and HappyTrading! ™

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 portfolio value keeps climbing, and it is now up +37.2% for 2015 and +211% (more than tripled) in the past 365 days!

To subscribe or to find out more about my Ecstatic Plays services, please CLICK HERE.

I also recently wrote an article on 8 stocks (click here to see the article) that have been very strong. Every one of those stocks (including AMBA, PANW, CYBR, and FEYE) have gone higher since the article! (Click here to join my service and see what we are trading!)

China Stocks Staying Hot!

QIHU received a buyout bid to take it private today for $77/share. It popped more than +6% to close at $70.15. Cybersecurity stocks have been hot, and, QIHU is big in the arena in China, not to mention its also got a search engine. I think QIHU goes higher tomorrow.

Alibaba announced over the weekend that it will launch into streaming video business. BABA owns at least 16.5% of YOKU. I think YOKU has a good potential to get bought. YOKU was up +4.85% today. BIDU gained +2.2% today and closed at $209.5. Its iQiyi video streaming subsidiary has hit 5 million subscribers as of June 15. SOHU, which also has a streaming video service, went up +4% today. NTES reached a new all-time high at $154.88 today. NTES makes online games and has a working relationship with Activision Blizzard (ATVI), and, it is expanding into the US. We often hear about the US companies wanting to expand into China. Well, NTES is already here and has opened up its first US office in California. NTES is going to be huge! DANG jumped +12.55% today, on QIHU’s buyout news. I really like DANG and think that it could easily go over $15 in the next month or two.

M&A activities in China are heating up. Online darlings are among the top targets! We recently saw SINA’s CEO buying up mover $600 million worth of SINA stock. SINA’s Weibo (WB) also have been trading higher. WBAI have been trade higher after Tsinghua Unigroup International Co., Ltd took a stake in the companyTsinghua Unigroup International Co., Ltd took a stake in the company. More deals will surely come.

We are keeping some VIX calls in our pocket as the drama in Greece is still making this market nervous. Come join our trading community and see what we are trading!

Good night and HappyTrading! ™

Healthcare Merger Frenzy! AET, CI, HUM, UNH, ANTM

Yesterday, I wrote about the speculations going on in the healthcare sector, specifically with the health insurance companies. We were in both CI and AET. The CI trade was quick, as it shares popped fast yesterday:

This morning AET shares jumped, as I mentioned last night. We locked in another nice win today, an overnight +63.9% gain:

While the market was down yesterday, I also took some profits off the table on our VIX calls for a nice +85.5% profit:

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I think there is still room for these health insurers to go higher. We have gotten nice gains on the acquiring targets. I think they have gone quite far and the options are now expensive. We should turn our attention to the “acquirers”. Both ANTM and UNH went up more than $2 today. These two could go up another $5 or so as the speculations continue.

I would wait a day or two on HUM. HUM jumped a lot about two weeks ago. If HUM finds itself without a dance partner, people will lock in profits and look elsewhere.

Good night and HappyTrading! ™

Healthcare and Cybersecurity Dominate As Market Slides: PANW, CYBR, FEYE, HUM, CI, AET, UNH, ANTM

While the broader market was under pressure today, buyers were picking up stocks in healthcare and cybersecurity. As negotiations failed on Sunday between Greece and its creditors, US stocks sold off early on Monday. Although things bounced off of the morning lows, the broader market still ended in the red.

However, two groups stood out. One is cybersecurity. Buyers continued to buy up names such as CYBR, PANW, and FEYE. CYBR hit a new all-time high today at $71.86 and ended up +6.59%. FEYE added +2.55%. PANW also made a new high today at $177.4.

Healthcares popped higher in the afternoon, as more rumors about potential M&A deals circulated. CI shares vaulted +12% on rumors that ANTM may be looking to buy it. This evening, there was a report that ANTM has made a $45 billion offer for CI. The was also a report that claims that UNH has approached AET with an offer. ANTM ended the day up +2.33%. UNH added +1.13%. AET gained +4.44%. Ironically, the loser of the day in this group was HUM, which jumped a week ago from around $180 to over $220 on takeover speculation. HUM shares were down 2.77% today.

It looks like things are heating up in healthcare. I think both CI and AET will go higher tomorrow. The interesting thing is that CI may want to buy HUM to ward off ANTM. This makes HUM interesting again!

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, BTK, FDN, IGV, GS, WFC, PNC, STI, AMZN, NFLX, BABA, CRM, ORCL, ADBE, APC, EOG, XOM, CVX, BIIB, CELG, GILD, HRTX, AMGN

Stocks started on a weak note last week, falling nearly down to SPX 2070 by Tuesday morning. As I had stated before there is strong support between 2080 and 2070. Markets mainly followed the news coming out of Europe revolving around the negotiation on Greek debt and the release of its bailout funds. On Wednesday, stocks popped higher as there seemed to be some optimism in Greece reaching a deal with its creditors. On Thursday morning, SPX climbed back to 2115. Hope faded on Friday, as the negotiating parties parted without getting a deal done.

As I said last weekend, market indices were becoming more vulnerable. Wednesday’s pop brought the indices back to neutral. But, Friday’s drop put pressured on the major indices again!

However, through the volatility of the market, we did exceptionally well last week, giving the value of my Ecstatic Plays portfolio yet another jump! Our trades on NFLX, MBLY, and WBAI gave us some nice upside gains! Our VIX calls gave us nice protection on the downside. Here are the closed trades for the week:

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For the week, the Dow was up +49.36 points; SPX added +1.28 points; Nasdaq slid 17.36 points. Gold bounced higher to close above $1180/ounce. Oil (WTI) was basically unchanged, trading around $60/barrel. Asian markets were down at the time of this writing, as the latest proposal from Greece was rejected again! Let’s see where the US markets stood after Friday’s close:

SPX

On Friday, SPX fell 14.75 points to close at 2094.11. It closed below its daily MAs. Its MACD went down.

Nasdaq

Nasdaq dropped 31.41 points to close at 5051.1. Its MACD was lower as well.SPX now looks weak, closing below its daily MAs. Nasdaq is neutral with a bearish bias, as its MACD slid. For the new week..

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