Wang's Happy Trading

Market Hangs On! SPX, Nasdaq, MA, V, GS, C, NFLX, DELL, HPQ, ADI, CYMI, FNSR

February 22, 2012 – 8:56 pm

After testing SPX 1350 for about 2 weeks, the market pushed above 1360 yesterday, getting to a intraday high of 1367.76. But, today, the market struggled to find a direction. Still, dip-buyers kept buying the dips. This market would not succumb to the temptation of profit-taking. Techs and financials were weak today. CYMI was down 2.95% and FNSR lost 2.04%; while GS slipped 1.95% and C gave up 3%. However, both MA and V recorded new all-time highs today.

Yesterday, CMCSA announced its own streaming video service, yet another challenge to NFLX’s business. NFLX did a U-turn from $125 yesterday morning, to close at $112.4 today, hitting a low of $108.54 intraday. DELL fell 5.82% after reporting a disappointing quarter yesterday. After the market today, HPQ gave a similar outlook; its shares fell just 1.21%.

The Dow was down 27.02 points; SPX slid 4.55 points; Nasdaq lost 15.4 points:

GLD (gold) popped +1.12%, while GDX (gold miners) added +1.81%. SOXX (semiconductors) was down 0.46%. FDN (internet) lost 1.13%. OIH (oil services) advanced +1.88%.

SPX

SPX slid 4.55 points to close at 1357.66, slightly below 1360. Daily MAs were little changed and the MACD slid.

Nasdaq

Nasdaq fell 15.4 points to close at 2933.17. it fell to its 10-day MA. Its MACD slipped.

SPX and Nasdaq both slipped today, but, VIX did not change at all! While financials and tech were weak today, energy stocks kept things going, as oil stayed strong. Gold pushed higher and this pop could be a breakout move. Silver may be looking to make a move up as well. People have been calling this rally "toppy" for a while now, but, this market just won’t pull back! This little slip today does not even make a noticable dent to the rally. Even if the market gets a bigger drop that can be considered as a "pullback", the support is not that far away. SPX 1340 is the immediate support, if the market falls to that level. Dip-buyers have got their "buy" order ready at every little dip. We were holding on to lots of cash until this market is ready to push higher again.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, SOXX, BRCM, ASML, ALTR, XLNX, DELL, HPQ, WLT, CLF

February 20, 2012 – 8:34 pm

Happy President’s Day!

Last weekend, in my Market Forecast, I said,

"For the new week, it does not look like the market will fall too much further. SPX 1330 could now be the support. Nasdaq stayed above 2900 and 2860 has support. To get a next leg up, SPX will need to break 1360. However, tech stocks may not need to wait for the broader market. We could see Nasdaq continue to push higher while SPX fights with 1360 for a little longer."

I also added,

"The coming week may be a volatile week, as profit-takers continue to fight with the dip-buyers. If you have been planning a vacation, this coming week may be a good week to take it. We will likely see a "stock-picking" market environment as the market struggles to find a direction."

Well, once again things went as forecasted. From Monday to Thursday, the market basically didn’t go anywhere, fluctuating up and down within a tight 15-point range on the SPX. Nasdaq, however, tried to break out on Wednesday, popping up to test 2960. On Friday, the market pushed higher to test 1360 and managed to close above it.

We didn’t trade much for the week. Here are the closed trades:

07:31 | HappyTrading SHLD ($55.00) Sold to Close 03C50 Mar 50 calls, at $7.60 +27%
11:05 | HappyTrading LULU ($65.65) Sold to Close 02C65 Feb 65 calls, at $1.09 -43%
11:26 | HappyTrading CTXS ($73.80) Sold to Close 02C72.5 Feb 73 calls, at $1.75 +17%
07:14 | HappyTrading CTXS ($73.85) Sold to Close 02C72.5 Feb 73 calls, at $1.75 +17%
09:53 | HappyTrading CLF ($71.80) Sold to Close 02C75 Feb 75 put, at $3.89 +30%

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For the week, the Dow was up +148.64 points; SPX added +18.59 points; Nasdaq gained +47.90 points. Gold was basically flat. But, oil turned out to be one of the bigger stories of the week, as it popped over $103/barrel (and, now trading at $105/barrel)! Asian markets were mostly up on Monday, but are getting a little pullback tonight. Here’s how the US market closed on Friday:

SPX

On Friday, SPX added +3.19 points to close at 1361.23, just above 1360. The daily MAs and MACD were little changed.

Nasdaq

Nasdaq was down 8.09 points to close at 2951.78.

SPX managed to close just above 1360, while Nasdaq pushed above 2950. VIX took a quick drop, back down to below 18. For the new week…

To read the rest of this article, please subscribe to HappyTrading "Premium Articles" by going to the Premium Services (click here) page. If you are already a subscriber, please click here: Market Forecast 2/20/12.

By HappyTrading | Posted in Uncategorized | Comments (0)

Market Rests On Love Day! SPX, Nasdaq, PCLN, ISRG, AAPL, CLF, WLT, ATI, BTU, FCX, MET, ZNGA

February 14, 2012 – 5:21 pm

Happy Valentine’s Day!

As disussed in my Market Forecast this weekend, the market has been treading water, trading in a tight range. The broader market was weak for most of the day, but rallied back in the last 30 minutes. Still, some high-flyers just kept on flying higher: PCLN recorded a new all-time high at $588.56; it was up more than $40 in 2 days before coming back down to close at $576.94; ISRG hit a new all-time high at $514.55; AAPL closed at its new all-time high of $$509.56!

On the other hand, mining stocks were very weak and have been dropping for days: CLF -2.75%; WLT -5.7%; ATI -2.26%; BTU -3.59%, FCX -3.81%.

After the market, MET reported a solid quarter; its stock added +2.36% in after-hours. ZNGA posted a loss for 4Q, sending its shares down 7%. PEET missed its earnings estimate; its shares dropped 4%.

The Dow was up +4.24 points; SPX was down 1.27 points; Nasdaq was up +0.44 point:

XME (metals and mining) was down 2%. BTK (biotechs) slipped 1.43%. Rest of the big sectors were basically flat.

SPX

SPX was down 1.27 points to close at 1350.50. Its daily MAs and MACD were little changed.

Nasdaq

Nasdaq added +0.44 point to close at 2931.83.

The market is consolidating around SPX 1350. VIX seems to be hitting some resistance at 20. We’re taking things easy and not trading much. It’s a good time to hold lots of cash and just let the market consolidate for a bit. SPX will need to break above 1360 to break out. On the downside, initial support is between 1330 and 1340.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, MOO, SOXX, CLF, BTU, ANR, PCX, CF, AGU, POT, MOS

February 12, 2012 – 8:57 pm

Last weekend, in my Market Forecast, we discussed,

"For the new week, the market should push higher to test SPX 1350, which is not really far away. Europe is still fighting to get a deal done prevent Greece from going into default. I think regardless of how things go for Greece, even if a deal is not made, a quick pullback for the global markets will be healthy at this point. If the market does get a quick pullback, dip-buyers will likely jump in a provide the markets with support. Next resistance for SPX is 1360."

Indeed, things happened as forecasted once again. Monday and Tuesday say morning weakness. But, every time the market pulled back, dip-buyers pushed it up again. All week, Greece could not reach a deal to secure the funding needed to prevent a default. On Tuesday, we took profits on CSTR with a +241% gain and FFIV with a +106% profit. On Wednesday, the market climbed higher to test SPX 1350. On Thursday, SPX went above 1354, but, did not get up to 1360. AAPL climbed to new heights, closing in on the $500 mark. On Friday, the market took a quick drop, but, still closed above 1340.

We had another week. Here are the closed trades:

12:52 | Ecstatic Plays GS ($113.80) Sold to Close 02P115 Feb 115 put, at $1.81 +34%
10:15 | HappyTrading BIDU ($136.85) Sold to Close 02C135 Feb 135 calls, at $6.60 +18%
07:09 | HappyTrading CROX ($20.00) Sold to Close 02C18 Feb 18 calls, at $2.05 +11%
07:03 | Ecstatic Plays FSLR ($44.80) Sold to Close 02C50 Feb 50 calls, at $0.55 -66%
07:01 | HappyTrading SLV ($32.40) Sold to Close 02C33 Feb 33 calls, at $0.37 -63%
06:54 | Ecstatic Plays GOOG ($606.80) Sold to Close 02C620 Feb 620 calls, at $2.10 -40%
11:19 | HappyTrading NFLX ($124.90) Sold to Close 0210P125 Feb 125 put, at $2.65 +13%
08:43 | HappyTrading SLV ($33.00) Sold to Close 02C33 Feb 33 calls, at $0.73 -27%
08:40 | HappyTrading NFLX ($123.80) Sold to Close 0210P125 Feb 125 put, at $3.40 +45%
08:23 | HappyTrading CELG ($72.10) Sold to Close 02C72.5 Feb 73 calls, at $0.85 -73%
12:17 | Ecstatic Plays NFLX ($128.00) Sold to Close 0210P125 Feb 125 put, at $1.80 -3%
07:42 | HappyTrading FFIV ($127.27) Sold to Close 0210C125 Feb 125 calls, at $3.20 +106%
07:37 | HappyTrading DNDN ($16.25) Sold to Close 02C15 Feb 15 calls, at $1.80 +6%
07:21 | HappyTrading VRTX ($37.50) Sold to Close 02C37 Feb 37 calls, at $1.45 -24%
06:48 | Ecstatic Plays CSTR ($58.90) Sold to Close 02C52.5 Feb 53 calls, at $6.50 +217%
06:45 | Ecstatic Plays CSTR ($59.30) Sold to Close 02C52.5 Feb 53 calls, at $7.00 +241%

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For the week, the Dow was down 61 points; SPX slipped 2.26 points; Nasdaq fell 1.78 points. Both oil and gold were little changed. Tonight, at the time of this writing, Asian markets were mostly higher, as Greece passed the austerity bill to prevent a default on its debt. Let’s take a look at where the US market closed on Friday:

SPX

On Friday, SPX fell 9.31 points to close at 1342.64. The daily MAs were little changed, but, the MACD slipped.

Nasdaq

Nasdaq fell 23.35 points to close at 2903.68. Its daily MAs were up and the MACD stayed flat.

Both SPX and Nasdaq did a quick pullback on Friday. VIX closed above 20 for the week. But, after a whole month of rallying, a little pullback only seems healthy. For the new week…

By HappyTrading | Posted in Uncategorized | Comments (0)

Apple (AAPL) To The Moon! SPX, Nasdaq, BWLD, AKAM, AAPL, XOM, DMND, MA, V, TLEO, NUAN, TRLG, LNKD, ZOLT, FSLR, SPWR, TSL

February 9, 2012 – 5:58 pm

During these past couple of days, the market kept seeing light profit-taking in the morning, but, dip-buyers kept on driving the market back up in the afternoon. AAPL has been the big story this week, making new highs every day. It went as high as $496.75 today and closed at $493.17. $500 is seemingly unavoidable! It is now $60 billion more valuable than XOM, the 2nd highest market-cap company. AAPL weekly calls were flying! The 480 calls for example were up more than +1000% at one point, and closed up +825%.

I picked off some more winning trades on earnings. On Tuesday, I picked up some BWLD Feb 70 calls at $2.5 and sold them on Wednesday morning at $11.2:

That’s good for a +348% overnight gain.

Then, just before the close yesterday, I picked up some AKAM Feb 35 calls for $1.59. I sold them this morning at $3.8:

for a nice +139% overnight profit.

After the market yesterday, DMND fired its CEO and CFO, as a result of a probe into its accounting. DMND tumbled 37% today! There’s been talk today about this company being broken up and worth more than $40/share. However, DMND could soon test $20 before than happens. V reported yet another strong quarter and announced a $500 million stock buyback. V traded almost to $115 today, a new all-time high, and closed at $112.42, up +3.76% for the day. The pullback in the afternoon could present some near-term trading opportunity. I think V will soon re-test $115 again. MA, which also reported a stellar quarter last week and was already on a rampage, charged even higher today, trading as high as $401.79 before closing at $396.4, just up +0.38%.

This morning, TLEO jumped more than +17% on a buyout offer of $1.9 billion from ORCL. After the market today, NUAN missed its earnings estimate, sending its stock down 13.4%. TRLG stumbled 22.56% after reporting a soft quarter and giving disappointing guidance for 2012. LNKD saw its 4Q revenue double, giving its stock a nice boost this evening, up almost +9%. It looks like LNKD will soon go above $85.

Solar and wind power stocks seemed to have finally awakened. Recently, ZOLT made a big jump, more than +30% (not hard for a $9 stock). TSL popped +18.63% today. FSLR gained +7%. SPWR added +12.53%.

The Dow was up +6.51 points; SPX added +1.99 points; Nasdaq gained +11.37 points:

Most sectors traversed around the flatline today. But, it’s good to note that PBW (clean energy) was up +2.38%.

SPX

SPX was up +1.99 points to close at 1351.95. Its daily MAs climbed up slightly. The MACD was flat.

Nasdaq

Nasdaq gained +11.37 points to close at 2927.23. Its daily MAs were higher, but, the MACD remained flat.

This market is tip-toeing up the stairs. Like I mentioned on Tuesday, SPX starting to meet some resistance between 1350 and 1360, resulting in a mixed market today. Agriculture and mining stocks were slightly down. VIX actually went up today, closing above 18. Still, there are stocks/sectors that are playing "catch-up". We have started trading lightly on the downside, but, certainly big gains have been on the upside. Tomorrow is Friday, we may see more profit-taking, especially if SPX hits 1360.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

CSTR +241% Overnight Gain! CSTR, FFIV, AAPL, BVSN, IDCC, APC, CERN, VCLK, PNRA, GMCR, CSTR, PCLN

February 7, 2012 – 6:01 pm

The market has basically been flat for the past couple of days, consolidating in a tight range. Still, there were many big movers driven by earnings or other news. We picked a couple of big plays. One was CSTR. Yesterday morning, CSTR announced that it chalked up an agreement with VZ to provide streaming video. CSTR got a quick initial jump to nearly $53, but, quickly pulled back and went into the red within the first hour. I took that as a chance to enter and play its earnings. After the market, CSTR reported a strong quarter, with further acquisition of assets of NCR. This morning, CSTR jumped above $60, and we cashed out our trade with an overnight gain of +241%:

February 07, 2012
06:48 | Ecstatic Plays CSTR ($58.90) Sold to Close 02C52.5 Feb 53 calls, at $6.50 +217%
06:45 | Ecstatic Plays CSTR ($59.30) Sold to Close 02C52.5 Feb 53 calls, at $7.00 +241%

We also held on to FFIV weekly calls over the weekend and took profits at a profit of +106%:

February 07, 2012
07:42 | HappyTrading FFIV ($127.27) Sold to Close 0210C125 Feb 125 calls, at $3.20 +106%

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AAPL has been clawing its way higher, hitting a new all-time high of $269.75 today. BVSN has been on a steep climb since end of January. Its stock more than doubled in less than 2 weeks (from $20 to $44.5). But, it appears that people finally took profits today, yanking BVSN down 17.36%! Nevertheless, BVSN is still up more than +50% since the end of January. If there’s no specific news, in a week or so, it may be time to look at BVSN again. So, keep this one on your radar! IDCC pre-announced a lower-than-expected Q1 revenue, sending its shares down 7.52%. APC beat the expectations with its quarterly report; its shares gained +5.24%.

After the market, CERN posted a +30% jump in its quarterly profit; its shares popped +6.6%. VCLK also delivered a strong quarter, pushing its shares up +3.28% this evening. PNRA reported a nice quarter, but, announced that its CFO will be leaving the company; its shares dropped 2.82%.

The Dow was up +33.07 points; SPX added +2.72 points; Nasdaq gained +2.09 points:

XME (metals and mining) was down 1.5%. GLD (gold) and SLV (silver) popped higher today. BTK (biotechs) slipped 1.42%.

SPX

SPX added +2.72 points to close at 1347.05. Its daily MAs and MACD went up.

Nasdaq

Nasdaq climbed +2.09 points to close at 2904.08. Its daily MAs were up slightly and the MACD was flat.

The market is once again progressing as how we had discussed on Sunday. Dip-buyers have been eager to buy every dip, holding the market up. On the other hand, profit-takers are getting more and more anxious to take some money off the table. We saw that in GMCR today, down 4%. CSTR also fell near the close, giving back $3 from its high of the day. PCLN pulled back 1.4%. Biotechs were mostly down today. We have been staying in mostly cash, trading only a few positions and hitting big winners. SPX, which got above 1349 today, has some resistance between 1350 and 1360. CSCO’s earnings is coming up tomorrow after the market. Let’s see how the market reacts to CSCO numbers.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, SLV, MOO, XLE, XME, APA, OXY, EOG, NOV, RIO, BHP, BTU, PCX, ANR, CLF, AGU, CF, POT, MON, MOS, GLD

February 5, 2012 – 9:15 pm

Last weekend, in my Market Forecast, I discussed,

"For the new week, the market will be watching the Euro Summit with a special eye on the Greek debt deal. In addition, more earnings will pile in this week. To break higher, SPX will need to push above 1320. The market has been pushing higher since the beginning of the year. It took a rest last week, and, will likely need some good news from Europe to break out further. Energy stocks have been weak. Financials also took a break last week, likely waiting to hear from Europe on Greece."

Once again (somehow it feels like I’m saying that a lot lately!), things progressed as forecasted. On Monday, the market gapped lower on worries over Europe. On Tuesday, the market fought hard to fight back, and, we locked in our profits and a very profittable month of January. On Wednesday, good news came out of Europe and US payroll data provided more positive surprise. SPX closed above 1320. Thursday brought another pause, as the market awaits the latest unemployment report. But, we picked the right winners at the right time scoring +229% gain on GMCR and +109% profit on SINA. The market popped another leg up on Friday, as the unemployment rate fell again.

We just wrapped up an excellent month of Jauary, and, we started February with another solid week, filled with "happy" and "ecstatic" trades.

For the week, the Dow gained +201.77 points; SPX added +28.57 points; Nasdaq gained +89.11 points. Gold and oil were both down. At the time of this writing, Asian markets were mostly up. Here’s how the US market closed on Friday:

SPX

SPX added +19.36 points to close at 1344.9. Its daily MAs and MACD went up.

Nasdaq

Nasdaq gained +45.98 points to close at 2905.66. Its daily MAs and MACD climbed higher.

Wow, that was a strong week to start off February. All 3 major indices broke out! This market is testing the 2011 highs. For the new week…

By HappyTrading | Posted in Uncategorized | Comments (0)

Weekly Wrap-Up 2/3/2012: +229% GMCR, +85% BIDU, +109% NFLX, GS, AAPL

February 5, 2012 – 9:46 am

It was another strong week for the markets, and, we produced another week of "happy" and "ecstatic" trades, including a +229% profit on GMCR, an overight +85% win on BIDU, and an overnight +109% gain on NFLX! Here are the closed trades:

11:05 | HappyTrading FFIV ($124.65) Sold to Close 0210C125 Feb 125 calls, at $2.15 +39%
10:59 | Ecstatic Plays GS ($117.00) Sold to Close 02C115 Feb 115 calls, at $3.15 +26%
10:48 | Ecstatic Plays JOY ($94.85) Sold to Close 0210C95 Feb 95 calls, at $1.73 +19%
10:47 | Ecstatic Plays GS ($117.10) Sold to Close 0210C115 Feb 115 calls, at $3.25 +30%
07:11 | HappyTrading APC ($82.50) Sold to Close 02C82.5 Feb 83 calls, at $1.90 +6%
07:01 | HappyTrading BIDU ($134.60) Sold to Close 0210C130 Feb 130 calls, at $5.75 +85%
06:53 | Ecstatic Plays FSLR ($45.60) Sold to Close 0210C43 Feb 43 calls, at $3.17 +51%
09:33 | HappyTrading GS ($113.50) Sold to Close 02C115 Feb 115 calls, at $2.31 +13%
06:44 | HappyTrading GMCR ($66.20) Sold to Close 0203C55 Feb 55 calls, at $11.20 +220%
06:42 | HappyTrading GMCR ($66.50) Sold to Close 0203C55 Feb 55 calls, at $11.50 +229%
09:43 | Ecstatic Plays SINA ($74.30) Sold to Close 0203C70 Feb 70 calls, at $4.50 +109%
09:37 | Ecstatic Plays SINA ($73.75) Sold to Close 0203C70 Feb 70 calls, at $4.20 +95%
09:58 | Ecstatic Plays NFLX ($118.80) Sold to Close 0203P120 Feb 120 put, at $4.00 +21%
10:34 | HappyTrading SINA ($70.15) Sold to Close 0203C70 Feb 70 calls, at $2.75 +2%
09:26 | HappyTrading CRM ($117.20) Sold to Close 0203C115 Feb 115 calls, at $3.50 -4%
09:24 | Ecstatic Plays CRM ($117.20) Sold to Close 0203C115 Feb 115 calls, at $3.50 +4%
08:11 | HappyTrading AAPL ($452.70) Sold to Close 0203C450 Feb 450 calls, at $5.70 +37%
07:20 | HappyTrading AAPL ($449.70) Sold to Close 0203C445 Feb 445 calls, at $7.20 +37%
07:14 | HappyTrading POT ($46.65) Sold to Close 02C45 Feb 45 calls, at $2.42 +19%
07:01 | HappyTrading AAPL ($448.00) Sold to Close 0203C445 Feb 445 calls, at $6.10 +16%

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As Bagger Vance mentioned in his article, this market seems to be near-term overbought. Market indices are revisiting 2011 highs. Europe is still trying to reconstruct Greek debt. I would not be surprised if we see some profit-taking soon. We’ll take a closer look at where the markets stand tonight in my weekly Market Forecast.

Hope you’re enjoying your weekend, and your profits from this week! Stay tuned, I’ll be back later this evening…

Happy Sunday and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

More Big Winners As Market Takes Another Pause: SPX, Nasdaq, SINA, GMCR, AMZN, WHR, MDVN, VRTX, MA, V, CME, ICE, ZNGA, LNKD

February 2, 2012 – 10:02 pm

There have been many big movers in the market during these past couple of days. The market pushed higher on Wednesday, as the Euro Summit helped calm nervous investors and better payroll data from US pushed more buyers back in. Facebook’s IPO has been a driver for internet stocks. SINA gained more than $5 in the past 2 days. We jumped in on the weekly 70 calls on Wednesday and walked away with a +109% gainer in just 2 hours:

February 01, 2012
09:43 | Ecstatic Plays SINA ($74.30) Sold to Close 0203C70 Feb 70 calls, at $4.50 +109%
09:37 | Ecstatic Plays SINA ($73.75) Sold to Close 0203C70 Feb 70 calls, at $4.20 +95%
07:22 | Ecstatic Plays SINA ($72.20) Bought to Open 0203C70 Feb 70 calls, at $2.15

ZNGA shares flew up almost +17% on Facebook’s IPO news. LNKD gained +6.37%.

Yesterday morning, WHR and MDVN made huge moves up, with WHR delivering a strong quarter and MDVN producing nice results with its prostate cancer drug. WHR shares jumped $10 in the past 2 days, while MDVN vaulted $15! MDVN may be a bit toppy now, but, WHR still has plenty of room to run. WHR could run to $75 before hitting solid resistance. VRTX also popped on news of FDA approval for its cystic fibrosis drug. VRTX is up about +10% in the past few days.

AMZN sank as low as $172 (from $195) as it missed its earnings estimate. It recovered partially to close at nearly $182 today. GMCR jumped almost +24% today after reporting a better-than-expected quarter. We have been sitting on the weekly 55 calls for GMCR since Monday, and, cashed them out this morning at nearly the day high with a profit of +229%:

06:44 | HappyTrading GMCR ($66.20) Sold to Close 0203C55 Feb 55 calls, at $11.20 +220%
06:42 | HappyTrading GMCR ($66.50) Sold to Close 0203C55 Feb 55 calls, at $11.50 +229%

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After finishing off a very nice January, we are starting February with a couple of strong trades again!

This morning, MA reported a strong quarter and pushed its shares up +6.7%. V rose along, up +3.46%. CME saw its 4Q profit soar and planned to boost dividend. Its shares pop +8.36%. ICE seemed to have benefitted from the news, adding +4.32%.

The Dow was down 11.05 points; SPX added +1.45 points; Nasdaq gained +11.41 points:

BTK (biotech) was up +1.49%. Both GLD (gold) and SLV (silver) pushed higher. XME (metals and mining) added +1.44%. OIH (oil services) bounced +1.47%.

SPX

SPX added +1.45 points to close at 1325.54. Its daily MAs were up slightly, but, the MACD was still flat.

Nasdaq

Nasdaq gained +11.41 points to close at 2859.58. Its daily MAs and MACD went up.

The market has been gliding higher, but, still not quite getting the next leg up. It seems to be a little hesistant ahead of the unemployment rate report tomorrow. We locked in our profits just in time, to sit on mostly cash. Let’s wait and see how the market reacts to the jobs report tomorrow morning.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

January 2012 Monthly Wrap-Up: AAPL, NFLX, RVBD, FAS, GS, MA, BIIB, UPS, PPO, AMZN, BRCM, NFLX

January 31, 2012 – 2:51 pm

It’s been an exciting month to begin 2012, Year of the Dragon! This has been the best January for the US stock market for more than 10 years! We rode along with the market and also had an excellent month. With as many trades as I publish, most of the trades in January were profittable:

10:34 | HappyTrading SINA ($70.15) Sold to Close 0203C70 Feb 70 calls, at $2.75 +2%
09:26 | HappyTrading CRM ($117.20) Sold to Close 0203C115 Feb 115 calls, at $3.50 -4%
08:11 | HappyTrading AAPL ($452.70) Sold to Close 0203C450 Feb 450 calls, at $5.70 +37%
07:20 | HappyTrading AAPL ($449.70) Sold to Close 0203C445 Feb 445 calls, at $7.20 +37%
07:14 | HappyTrading POT ($46.65) Sold to Close 02C45 Feb 45 calls, at $2.42 +19%
07:01 | HappyTrading AAPL ($448.00) Sold to Close 0203C445 Feb 445 calls, at $6.10 +16%
12:22 | HappyTrading POT ($47.58) Sold to Close 02C45 Feb 45 calls, at $3.15 +54%
12:07 | HappyTrading POT ($47.47) Sold to Close 02C45 Feb 45 calls, at $3.05 +50%
07:17 | HappyTrading SINA ($62.35) Sold to Close 0203P62.5 Feb 63 put, at $2.20 -8%
08:33 | HappyTrading MA ($338.50) Sold to Close 0127P340 Jan 340 put, at $6.20 +59%
12:45 | HappyTrading GMCR ($51.30) Sold to Close 01C50 Jan 50 calls, at $1.85 +6%
09:58 | HappyTrading QCOM ($57.85) Sold to Close 01C55 Jan 55 calls, at $2.90 +64%
09:47 | HappyTrading QCOM ($57.37) Sold to Close 01C55 Jan 55 calls, at $2.40 +36%
12:31 | HappyTrading IBM ($178.80) Sold to Close 01P180 Jan 180 put, at $3.55 -19%
07:07 | HappyTrading BIIB ($117.80) Sold to Close 01C110 Jan 110 calls, at $8.00 +70%
09:32 | HappyTrading AMZN ($177.00) Sold to Close 01P175 Jan 175 put, at $2.05 -24%
11:03 | HappyTrading CTSH ($70.30) Sold to Close 01C70 Jan 70 calls, at $1.60 +23%
10:13 | HappyTrading GS ($98.65) Sold to Close 01C95 Jan 95 calls, at $5.05 +84%
11:23 | HappyTrading NFLX ($97.30) Sold to Close 0113C95 Jan 95 calls, at $5.50 +31%
07:21 | HappyTrading BIIB ($115.00) Sold to Close 01C110 Jan 110 calls, at $6.50 +38%
07:46 | HappyTrading UPS ($73.85) Sold to Close 01C72.5 Jan 73 calls, at $2.00 +33%
11:59 | HappyTrading GS ($96.40) Sold to Close 01C95 Jan 95 calls, at $4.00 +45%
11:03 | HappyTrading UPS ($74.80) Sold to Close 01C72.5 Jan 73 calls, at $2.74 +83%

Now, if you think that the above is impressive, take a look at our trades in Ecstatic Plays for January 2012, which were filled with triple-digit gainers:

09:58 | Ecstatic Plays NFLX ($118.80) Sold to Close 0203P120 Feb 120 put, at $4.00 +21%
09:24 | Ecstatic Plays CRM ($117.20) Sold to Close 0203C115 Feb 115 calls, at $3.50 +4%
10:35 | Ecstatic Plays NFLX ($117.30) Sold to Close 0127C115 Jan 115 calls, at $3.40 +39%
10:35 | Ecstatic Plays NFLX ($117.30) Sold to Close 0127C115 Jan 115 calls, at $3.40 +39%
06:53 | Ecstatic Plays MOS ($56.50) Sold to Close 0127C55 Jan 55 calls, at $1.59 +49%
06:50 | Ecstatic Plays BIDU ($126.20) Sold to Close 0127C125 Jan 125 calls, at $1.80 +43%
07:03 | Ecstatic Plays NFLX ($102.70) Sold to Close 97.5 Jan 98 calls, at $5.50 +147%
06:48 | Ecstatic Plays RVBD ($29.50) Sold to Close 01C27.5 Jan 28 calls, at $2.05 +105%
06:45 | Ecstatic Plays RVBD ($99.43) Sold to Close 01C27.5 Jan 28 calls, at $1.98 +98%
06:44 | Ecstatic Plays NFLX ($100.85) Sold to Close 01C97.5 Jan 98 calls, at $4.25 +91%
07:25 | Ecstatic Plays BIDU ($127.80) Sold to Close 01C130 Jan 130 calls, at $0.95 -50%
07:28 | Ecstatic Plays BIDU ($127.25) Sold to Close 0113C125 Jan 125 calls, at $3.45 +15%
10:27 | Ecstatic Plays FAS ($73.50) Sold to Close 0113C70 Jan 70 calls, at $4.10 +88%
07:08 | Ecstatic Plays FAS ($74.00) Sold to Close 0113C70 Jan 70 calls, at $4.50 +106%
08:14 | Ecstatic Plays FAS ($69.80) Sold to Close 0113C70 Jan 70 calls, at $2.00 -22%
09:57 | Ecstatic Plays NFLX ($76.38) Sold to Close 0106C75 Jan 75 calls, at $2.35 +114%
08:35 | Ecstatic Plays AAPL ($412.95) Sold to Close 0106C410 Jan 410 calls, at $4.60 +11%
11:58 | Ecstatic Plays GS ($96.40) Sold to Close 0106C95 Jan 95 calls, at $2.25 +108%
11:09 | Ecstatic Plays GS ($96.00) Sold to Close 0106C95 Jan 95 calls, at $2.05 +90%

With all of the published trades in January between both HappyTrading and Ecstatic Plays, there are only 5 trades that were in the negative, and the biggest loss was 50%. It was certainly a very "happy" month.

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If you’re still sitting on the sideline, you can probably consider tipping your toes back in.

Well, the market has basically be trading flat, consolidating in a tight range. Besides earnings pops and drops, the broader market has been once again captivated by the development in fight against the financial crisis in Europe.

Here are some stocks in the news for today:

PPO dropped a whopping 30% on a downgrade! NFLX fell more than 4% as BSkyB announced its movie-stream plan in the U.K. After the market, AMZN tumbled 9% after a disppointing quarterly report. BRCM delivered a solid quarter with a solid forecast; its shares rose about +2% in after-market trading.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

Market Hangs On! SPX, Nasdaq, MA, V, GS, C, NFLX, DELL, HPQ, ADI, CYMI, FNSR

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, SOXX, BRCM, ASML, ALTR, XLNX, DELL, HPQ, WLT, CLF

Market Rests On Love Day! SPX, Nasdaq, PCLN, ISRG, AAPL, CLF, WLT, ATI, BTU, FCX, MET, ZNGA

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, MOO, SOXX, CLF, BTU, ANR, PCX, CF, AGU, POT, MOS

Apple (AAPL) To The Moon! SPX, Nasdaq, BWLD, AKAM, AAPL, XOM, DMND, MA, V, TLEO, NUAN, TRLG, LNKD, ZOLT, FSLR, SPWR, TSL

CSTR +241% Overnight Gain! CSTR, FFIV, AAPL, BVSN, IDCC, APC, CERN, VCLK, PNRA, GMCR, CSTR, PCLN

Market Forecast + Sector Watch: SPX, Nasdaq, SLV, MOO, XLE, XME, APA, OXY, EOG, NOV, RIO, BHP, BTU, PCX, ANR, CLF, AGU, CF, POT, MON, MOS, GLD

Weekly Wrap-Up 2/3/2012: +229% GMCR, +85% BIDU, +109% NFLX, GS, AAPL

More Big Winners As Market Takes Another Pause: SPX, Nasdaq, SINA, GMCR, AMZN, WHR, MDVN, VRTX, MA, V, CME, ICE, ZNGA, LNKD

January 2012 Monthly Wrap-Up: AAPL, NFLX, RVBD, FAS, GS, MA, BIIB, UPS, PPO, AMZN, BRCM, NFLX

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