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Monthly Archives: April 2013

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, BTK, AMGN, BIIB, GILD, REGN, GILD, RIG, SLB, APC, OXY, EOG, CLF, WLT

Last weekend, in my Market Forecat, I said, "This market will need some strong earnings report to bounce back up. SPX 1570 could now become a resistance. The market will need to clear above 1580 to resume its bullish trend. On the downside, if 1540 does not hold, the next support is at 1520. Techs [...]

Weekly Wrap-Up 4/27/2013: BA, WYNN, GOOG, CREE, CELG, PG, SOHU, AAPL

What a nice week we’ve had! We traded mostly on the upside as the market bounced. But, we also caught a couple nice trades on the downside as the market consolidate towards the end of the week. 100% of our closed trades were in the GR$$N: 11:15 | Ecstatic Plays AAPL ($415.70) Sold to Close [...]

Sector Rotation? + Free 2-Week Trial! CTXS, AKAM, AMGN, BIIB, CELG, ONXX, GILD, ALXN, MDVN, GOOG, CREE, BA, HES, WYNN, PNC, CELG

After a 3-day rally that started on Friday last week, the markets took a breather today. There were big earnings moves and some rotation seems to be happening. This morning, AMGN tumbled almost 7% after missing its earnings estimates. Biotechs have been really strong, making continuous new-highs. AMGN’s miss seemed to have triggered some profit-taking, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, SOXX, FDN, XLE, BTK, VRTX, AMGN, BIIB, BMRN, AAPL, AMZN, CAT, HAL, XOM, CVX, NFLX, EQIX, VMW

It was another volatile week. But, stocks finally pulled back. Last weekend, in my Market Forecast, I wrote: "For the new week, earnings will kick into full force…. After more than 3 months of gains, investors will look for "fundamental" proof that the economy is getting better. The profit numbers from especially the so-called "blue-chip" [...]

Nice Week Trading on the Down Side: CTXS, OXY, PCLN, GOOG, CMG, AAPL, NFLX, LNKD

The market finally got a pullback. Last weekend, I said, "From up here (close to SPX 1600), even if the broader market pulls back 40 to 50 SPX points, the market will still be healthily bullish!" Sure enough, the market came down 40 to 50 SPX points! We didn’t make "a lot" of trades, as [...]

Market Slumps Back to Test Monday’s Low: SPX, Nasdaq, AAPL, CRUS, BAC, GS, EBAY, SNDK, BIIB, AMGN, CELG, REGN, GILD

It’s been a few very volatile days: a sharp drop on Monday; a vigorous bounce on Tuesday; then, a quick fall back to Monday’s low in the morning today! For now, the sentiment has shifted. Last week’s strong dip-buying seems not to have as much enthusiasm this week. AAPL led the tech’s decline, falling 5.5%. [...]

Market Forecat + Sector Watch: SPX, Nasdaq, XLF, FDN, XRT, BTK, BIIB, CELG, GILD, AMGN, REGN, ROST, PCLN, EBAY, GOOG, YHOOO, WFC JPM, C, GS, BAC, BK, PNC

Last weekend, in my Market Forecast, I wrote: "For the new week, the market starts from a "neutral" position. You might be thinking, "How can it be ‘neutral’? Especially after Friday’s nasty open!" Well, the Nasdaq is definitely weaker. But, the Dow still closed above its daily MAs. SPX is barely below its 20-day MA." [...]

Weekly Wrap-Up April 13, 2013: JOY, HLF, SODA, GLD, FSLR, PCLN, JPM, WFC, BIIB, AMGN, GILD, REGN, INTC, MSFT, IBM, GOOG

Stocks had another amazing week. A non-stop rally that started on Monday took SPX to its new, all-time, record high, hitting 1597.35! Biotechs continued to soar. BIIB, AMGN, GILD, and REGN were just a few that made new all-time highs in the biotech sector! We had some good trades on both sides. SODA calls gave [...]

SP500 at New All-Time High! SPX, Nasdaq, GLD, PCLN, GOOG, FSLR, CMG, AAPL, BIDU, WYNN, LVS, SINA

This market is just amazing! Last Friday, it rallied from a big gap-down open after a disappointing jobs report, and ended the day only down slightly. Then, big buyers came in on Monday and the buying hasn’t let up. Stocks came out of the gate running today and pushed SPX to a new record high [...]

We didn’t trade much last week.  The sentiment was weakening, but, still dip-buyers just kept coming in.  We traded mostly on the downside and turned out some nice trades: 10:48 | HappyTrading AMZN ($255.00) Sold to Close 0412P255 Apr 255 put, at $3.40 +28% 07:20 | HappyTrading AMZN ($254.00) Sold to Close 0412P255 Apr 255 [...]