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Monthly Archives: August 2013

Quick Pullback to Start the Week! SPX, Nasdaq, GLD, SLW, VIX, FSLR, CELG, AVGO, CRUS, GES

After a slow day on Monday, stocks took a quick tumble on Tuesday, as tension over Syria heightened.  Today, stocks saw some minor bounces.  Over the past three days, we closed up some trades.  Calls on GLD, SLW, and VIX gave us some nice profits as the market pulled back.  GLD, in particular, scored +152% [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, BTK, SOXX, XME, WFC, JPM, GS, C, CMI, JOY, ONXX, AMGN, CELG, BIIB, INTC, TXN, ASML, ALTR, BRCM

Last weekend, in my Market Forecast, I said, "For the new week, the market starts at a weak stance.  The nearest support below SPX 1660 is 1640.  We might see a slow start again.  We have Fed minutes on Wednesday.  So, we could see the market range-bound until then.  Gold seems to be on the [...]

Stocks Take a Pause After 4-Day Slide: SPX, Nasdaq, AAPL, NFLX, NTES, BWLD, GMCR, SODA

Well, after a 4-day slide, stocks finally bounce a bit.  But, while the broader market was falling, some stocks pushed higher.  AAPL has had a phenomenal week, rising almost to $514 yesterday; but, it had to take a pause today (on the upside).  NFLX put together a $20 rally in the past 3 days!  The [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, FDN, GLD, XME, JPM, WFC, BAC, GS, V, MA, PCLN, YELP, OPEN, FB, GOOG, AMZN, CLF, WLT, BTU, NEM, GOLD, RGLD

The market suffered its worst week in months!  In my Market Forecast last week, I wrote: "For the new week, the market is showing signs of weakness.  However, tech stocks are helping to prop the broader market up.  This market seems to be still consolidating.  If SPX 1690 does not hold, I think we’ll see [...]

AAPL Rises Above $500 in a Consolidating Market: SPX, Nasdaq, AAPL, CREE, PCLN, GOOG, M, CSCO, GLD

This market has been consolidating since pushing above SPX 1700 last week.  Basically, it really hasn’t gone anywhere all week!  AAPL, however, has been receiving most of the spotlight.  On Monday, AAPL started bouncing, after winning in court against Samsung, which may result in the banning of some of Samsung’s older model phones.  We jumped [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, FDN, IGV, BTK, CELG, REGN, GILD, BIIB, GS, WFC, JPM, MSFT, RHT, CTSH, CTXS, PCLN, GOOG, GRPN, YELP, FB, AMZN

It was a volatile week, as the market struggled to stay above SPX 1700.  In my Market Forecast last weekend, I wrote: "For the new week, the market might need to take a breather to start the week.  But, we could see SPX push higher to test 1720-1725.  Internets have broken higher, but, financials haven’t [...]

Stocks Stall After Setting Record Highs! SPX, Nasdaq, MA, CMG, AAPL, FB, MA, PCLN, AEO, KORS, CF

Well, after last week’s record-setting run, we saw some profit-taking today.  It’s only appropriate that we lock in some of our profits as well.  This year, I started a new service called "Happy Stocks".  This is a service for our members that trade equities, in addition to options.  We entered into some nice positions in [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XLF, XRT, FDN, FB, YELP, GOOG, PCLN, EXPE, KORS, FOSL, RL, MA, V, GS, WFC, JPM, BAC, MPC, PSX, TSO, VLO, APC, IOC

Last weekend, in my Market Forecast, I said, "For the new week, it’s another busy week for earnings…  We’ll be watching to see if SPX can break above 1700 this week.  If it gets a pop to 1720, this market could be "off to the races"!  Earnings have been fairly strong so far.  Energy and [...]

July 2013 Monthly Wrap-Up: WYNN, YOKU, AAPL, QCOM, GLD, HLF, VRTX, IOC, BIDU, SINA, YOKU, QIHU

Wow!  What a month it has been!  Both the Dow and SPX made new all-time highs.  SPX even managed to close above 1700 this week!  Industrials still seem to be relatively weak.  Energy are doing ok, but no real momentum.  Refiners, though, took a hit on Friday, again! Mining stocks seem to have established a bottom.  [...]