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Monthly Archives: July 2011

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLF, USO, AGU, CF, MOS, POT, GS, AIG, APA, SUN, DVN

Last weekend, in my Market Forecast, we discussed: "For the new week, we’ll have see if the Congress can reach an agreement to raise the debt ceiling. Earnings are important, but, before the debt ceiling is raised, the market could have a hard time breaking out of the recent trading range." Indeed, the development in [...]

July 2011 Monthly Wrap-Up: AAPL, FFIV, WYNN, OPEN

We didn’t trade much this week, but, did score many more winners on AAPL. We had a +142% win on the Aug 370 calls. We rolled up to Aug 380 calls and got another +107%. At the same time, we added July 29 weekly 390 calls and cashed out another +140% profit! The market itself [...]

Market Mixed, Awaiting GDP and Political Circus: SPX, Nasdaq, PCP, SKX, CROX, STEC, VPRT

After Wednesday’s big selloff, the market bounced in the morning on a decrease in jobless claims.  However, worries about the GDP and the political circus surrounding the debt ceiling debate prompted selling into the rally.  The market ended mixed with techs slightly higher. This morning, PCP reported a solid quarter and saw its shares trading [...]

Apple Reaches New All-Time High! SPX, Nasdaq, AAPL, GOOG, NFLX, AMZN, ILMN, JNPR, LVS, PNRA, JDAS, X, AKS

The market remained very cautious as the debt ceiling debate dragged on.  However, AAPL powered higher and reached a new all-time high of $404.5, and closed above the $400 mark, at $403.41.  Last week, we cashed in on some profits on August 370 calls and rolled up to higher strikes.  We even picked up some [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLE, XLF, GLD, CLF, BTU, PCX, WLT, ACI, APA, EOG, HES, DVN, NOV, SWN, BAC, C, GS, SLV

Last weekend, in my Market Forecast, I said: "The market is in a range right now, consolidating after 2 weeks of sharp rally.  As soon as the Congress reaches a resolution/compromise to raise the debt ceiling, the market should breathe more easily.  Until then, we’ll likely see stocks being driven by earnings." The market did [...]

Nice Wins on AAPL!

We had a nice week trading AAPL.  We bought Aug 370 calls before GOOG’s blowout earnings.  In the Trading Room, I mentioned that GOOG could see $600+ after earnings: July 13, 2011 10:59 AM GOOG could see $600+ on positive earnings reaction The next day, GOOG did indeed deliver and went above $600 the next [...]

Good Rally Today, Edge of the Breakout – GREAT GAINS!! IRSG, CF

The markets had good reason to rise;  earnings have been coming in strong and much of the nonsense in Washington and Europe is being pushed aside.  That’s good news on the sentiment front.  The VIX fell again sharply under the 18 level today, the SPX closed near it’s highs of the session – lo and [...]

Earnings, Earnings, More Earnings! AAPL, CMG, ISRG, VMW, CTAS, FTNT, RVBD, CRUS, QCOM, OVTI

Buyers came in to the market today after IBM’s strong earnings last night.  IBM went up +5.67% today, almost $10!  After the market, there were lots of movers on earnings.  AAPL delivered a blowout quarter, reporting $7.79 per share vs. $5.82 average estimate!  AAPL were up +5% this evening.  We already locked in profits as [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, SLV, FCX, CLF, PCX, BTU, APA, SWN, HES, OXY, EOG, DVN

Last weekend, in my Market Forecast, I wrote: "For the new week, we may continue to see concolidation and a possible quick drop to start the week, until earnings start to kick in with AA after the market on Monday.  On Thursday, JPM (before market) and GOOG (after market) will report.  SPX has support between [...]

Google Jumps On Blowout Earnings! SPX, Nasdaq, GOOG, BIDU, SINA, SOHU, JPM, GS, MA, V, BLK

The market started out on a positive note, with JPM delivering strong earnings.  However, the buying quickly faded as Bernanke testified in front of the Congress.  Energy and mining stocks led the pullback.  Financials also turned weak, with GS, MA, V, and BLK all finished in the red, after a strong open.  JPM managed managed [...]