The market gapped up today on better-than-expected economic data from China. But, financials dragged on the market a bit. Plus, as I mentioned last week, the market technicals remain toppy. SPX popped above 1300, but, could not hold it for the close. After the first hour of trading, things started to slide lower. C was [...]
Category Archives: Uncategorized
Almost A Breakout, Almost… SPX, Nasdaq, C, WFC, GS, IBM, AAPL, AMZN, PCLN
January 17, 2012 – 4:09 pm
Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XLE, MOO, GLD, GS, MS, BAC, WFC, BLK, INTC, IBM, GOOG, POT, MOS, AGU, CF
January 16, 2012 – 11:40 pm
Happy Martin Luther King Day! Last weekend, in my Makret Forecast, I wrote: "For the new week, the market may still need a couple of more days to consolidate. But, the market does appear to be on the verge of break higher. Above 1280, SPX could quickly run above 1300. Nasdaq could see a burst [...]
Market Edges Higher Despite Weakness in Energy Stocks: SPX, Nasdaq, CVX, APA, HES, SOHU, SINA, CTRP
January 12, 2012 – 8:50 pm
The market had a volatile day today. After a succssful bond sales in Europe, the US market was looking to start the day strong. However, a surprising jump in jobless claims kept the lid on the buying. The market suffered brief weakness in the morning, but, was able to recover in the afternoon. Energy stocks [...]
Biotechs Lead the Market Higher: REGN, MDVN, VERTX, CELG, GILD, GS, FAS, LULU, FSLR, NOV, EOG, BIDU, SOHU, SINA, TIF, CF, AGU, MON, MOS, POT
January 10, 2012 – 3:21 pm
In my Market Forecast this weekend, I highlighted the recent bulliness of the biotech sector. During the past two days, biotechs have led the market higher. MDVN went up +10.9% in the past two days; VRTX added +7%; CELG gained +4.5%. GILD popped +356% today (check out the run on GILD since 12/19/2011)! Financials jumped [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLF, BTK, MA, V, GS, JPM, WFC, BAC, REGN, DNDN, MDVN, BIIB, VRTX, HGSI, BTU, CLF, CAT, JOY, WLT
January 8, 2012 – 9:08 pm
Ok, that was a nice first week of the year! But, let’s not get ahead of ourselves. Media likes to report statistics. It goes something like this: in the past __ years, when ________ happens, __% of the time the market does this! If you fill in the blanks, you could get something like: in [...]
Another (Near) Perfect Week! NFLX, GS, UPS, DNDN, MDVN, REGN, BIIB
January 7, 2012 – 7:58 am
The market had a pretty good week. But, all of the gains were pretty much made on the first trading day of the year when good economic news from Europe and Asia boosted markets globally. Nevertheless, there some good trading to be picked throughout the week. We had a great week with all of the [...]
More Profits From Ecstatic Plays! NFLX, GS, UPS, STX, WDC, ZUMZ, LULU, CMG, MA, V, APKT, FFIV, CRM, VMW, MU, JOY, CAT
January 4, 2012 – 5:34 pm
The market was flat today. After Tuesday’s mild rally, the market took some time to consolidate. We scored more intraday doubles with our new service, Ecstatic Plays. Yesterday, we got into GS weekly 95 calls, and cashed out with a +108% gain a few hours later. Today, as NFLX started to gain momentum, we got [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, SOXX, MOS, MON, XOM, CVX, APA, OXY, EOG, CYMI, ALTR
January 2, 2012 – 9:15 pm
Happy 2012!!! For the last week of 2011, I wrote: "For the new week, the market looks like it could continue this rally. It is almost January, and earnings are about to kick in again. SPX closed above 1260 and just 10 to 15 points higher, this market can break out. Tech stocks have been [...]
December 2011 Monthly Wrap-Up: ONXX, FFIV, SNDK, IBM
January 1, 2012 – 9:21 pm
December has been a very volatile month. Comparetively, we did less trades here than most other months. Also, since we started the new service "Ecstatic Plays", we made the more risky and fast-moving plays there. Ecstatic Plays did "exceptionally" well in December. For HappyTrading trades, ONXX, FFIV, IBM, and SNDK were among the top gainers. [...]
Happy New Year With Ecstatic Plays!! NFLX, AAPL, GOOG, GLD
December 30, 2011 – 8:59 pm
Happy New Year! The market ended the year slightly lower. But, we had a great month with our Ecstatic Plays! Here are the trades for December: 07:31 | Ecstatic Plays GOOG ($644.70) Sold to Close 1230C640 Dec 640 calls, at $5.10 +42% 12:53 | Ecstatic Plays WYNN ($109.30) Sold to Close 1230[110 Dec 110 put, [...]
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