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Monthly Archives: January 2015

Amazon (AMZN) Finally Delivers!

For a year now, AMZN has been disappointing investors, not being able to produce a solid quarter.  Since reach above $400 in January 2014, AMZN stock has dropped down to below $285, and struggled to establish a base between about $285 and $300. Today, Amazon told a different story, a positive one.  The company reported [...]

Netflix (NFLX): Here We Go Again!

In October, NFLX took a huge drop after its earnings!  I wrote an article to show the big trading range that NFLX traded in and where it might be heading (Click here to see the article). Today, after the market, NFLX jumped +16% on the report that the company added 4.3 million subscribers!  Let’s visit [...]

Weekly Wrap-Up: VXX, Z, VLO, CLVS

We mainly traded on the downside in the ” Happy Trades” portfolio, besides our CLVS calls.  All of the closed trades were profittable: VXX Feb 20 2015 Call 34.0 $4.775 $525.00 12.35% 01/16/2015 Z Feb 20 2015 Put 100.0 $8.25 $700.00 20.44% 01/15/2015 VLO Feb 20 2015 Put 47.5 $4.00 $550.00 15.94% 01/14/2015 CLVS Feb [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN, GS, VLO, GLD, MS, AXP, HAL, IBM, NFLX, FFIV, EBAY

Stocks recorded another losing week last week. In my Market Forecast, I wrote: “We will definitely get a feel from the financials, which could drive the broader market one way or the other. We have support at SPX 2000 and resistance at 2080.” Indeed, financials were very weak and dragged down the broader market. Things [...]

Watching Biotechs

Biotech stocks have thus far held up pretty well, while the market goes through tremendous volatility, sliding lower.  Most sectors now are looking bearish.  Financials fell off the cliff yesterday.  Semiconductors are getting weaker (INTC reports after market today). Let’s take a look at the biotech index, BTK: It is still holding a bullish chart.  [...]

Is The Selling Done?

After five days of selling, markets managed to bounce a bit today.  Yesterday, stocks plunged mid-morning, sending SPX down to test 2000.  Soon after, buyers started to trickle in. Taking a look at the indices and the sector ETFs, we see that financials and biotechs led the market bounce: XLF (financial) was up +1.05%, while [...]

Biotechs Rally!

Biotech stocks were really strong today.  BIIB led the group with a $18.59 pop!  ALXN added nearly $10.  AMGN gained $5.34, erasing yesterday’s loss.  JAZZ climed +3%.  ILM popped $6.61. At first glance, BTK looks to be healthy BTK has been consolidating for more than a month.  Its daily MAs have bunched together.  Just yesterday, [...]