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Monthly Archives: September 2011

When Good News Don’t Help! SPX, Nasdaq, BIDU, YOKU, CTRP, SINA, PCLN, GMCR, WYNN, LVS, NFLX, GS

This morning, the market gapped up at open.  First, Germany approved expanding the powers of the eurozone’s bailout fund.  Second, jobless claims fell.  But, as soon as the market opened, selling started.  Chinese internet stocks were hit the hardest, as both Chinese and US governments may be probing into how accounting is being conducted in [...]

Another Volatile Day, What’s New? SPX, Nasdaq, IBM, IDCC, IOC, GOOG, SINA, BIDU, YOKU

The market endured another volatile day with big swings.  We saw some pretty big moves in the past couple of days.  On Monday, IDCC plummeted more than $13 in a matter of 40 minutes on news that buyout offers came at prices much lower than expected; and the weekly puts went soaring: September 26, 2011 11:09 [...]

Market Forecast + Sector Watch: SPX, Nasdaq, USO, GLD, SOXX, OIH, BRCM, QCOM, ALTR, FNSR, SLB, NOV, RIG, DO

Last weekend, in my Market Forecast, we discussed, "For the new week, the market needs to consolidate, to say the least, after such a powerful run.  Techs have been strong and they are the new leaders on the upside.  To break out SPX would have to go above 1250 and Nasdaq would need to rise [...]

Weekly Wrap-Up 9/24/2011: GR, YOKU, SINA, V, GLD, BIDU, AMZN, IOC

The market struggled this week hold its ground with rising concerns over the financial crisis in Europe.  But, after hearing Fed’s comments, which showed increased caution, the market finally buckled.  The selloff came fast, and the market plummeted more than 3% on Wednesday.   We navigated the violent waves carefully and came away another good week!  [...]

Another Good Day On A Red Day! SPX, Nasdaq, IOC, AMZN, BIDU, YOKU, SOHU, FAZ, GR, CLF, WLT, X, FCX

Wow, another big down day, down more than 3%!  The market basically closed at where it gapped down for the open.  The fast turn in the last hour yesterday really foreshadowed today’s downturn.  We picked up some YOKU Oct 17 puts and cashed them out this morning for an overnight +90% profit: September 22, 2011 [...]

Trading This Fast-Moving Market! SPX, Nasdaq, PCLN, MCP, NFLX, SINA, CELG, AMGN, ONXX, VRTX, GOLD, NEM, AAPL, ORCL, ADBE

This weekend, in my Market Forecast, I mentioned that this market needed to consolidate a bit, and that SPX 1200 might be tested.  Well, during the past couple of days, the market has been doing just that.  On Monday, the market gapped down on Greek worries.  But, before the close, the market came back up [...]

Market Forecast + Sector Watch: SPX, Nasdaq, SOXX, GLD, USO, XLF, INTC, ALTR, TXN, BRCM, XLNX, FNSR, GOLD, NEM, ABX, GS, BAC, JPM, MA, V, ICE, CME

Last weekend, in my Market Forecast, we discussed, "For the new week, the market may come under renewed selling pressure.  SPX now has support between 1140 and 1120.  We could also see the recent bottoms tested (SPX 1100 and Nasdaq 2350) again, especially if the financials break down." The market did see heavy selling right [...]

Weekly Wrap-Up 8/16/2011: IBM, GOOG, NFLX, PCLN

It was a fast-moving week, the direction being mostly "up"!  It took most bulls by surprise, let alone the shorts!!  For example, AMZN ran up $28 in one week, $12 of which was on Friday alone!  AMZN is now at a new all-time high, breaking above $100 billion in market cap!  We also had to [...]

Having Fun Trading Expiring Options! SPX, Nasdaq, IBM, NFLX, GOOG, PCLN, APA, EOG, OXY, NOV

It has been a volatile week, once again.  However, overall, the movement has been "up"!  The market was strong today as major central banks around the world pledged support for Europe’s financial system.  These past couple of days, we have been having fun trading fast trades in the Trading Room on September options, which have [...]

Market Stuck in A Tight Range: SPX, Nasdaq, BRCM, NETL, VRTX, ILMN, DECK, LULU, SODA, HLF, TPX

The market has been moving back-and-forth within a tight range, between SPX 1140 and 1200.  Techs were leading the market today.  After BRCM’s $3.6 billion buy of NETL, there appeared to be a renewed interest in semiconductor sector, and specifically in memory chip stocks.  Still, the buying interest was muted.  In the afternoon, energy stocks [...]