Wang's Happy Trading

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 today, and, we were there to captured some quick profits, including a +106% on FAS weekly calls, which we picked up just yesterday:

January 10, 2012
10:27 | Ecstatic Plays FAS ($73.50) Sold to Close 0113C70 Jan 70 calls, at $4.10 +88%
10:13 | HappyTrading GS ($98.65) Sold to Close 01C95 Jan 95 calls, at $5.05 +84%
07:08 | Ecstatic Plays FAS ($74.00) Sold to Close 0113C70 Jan 70 calls, at $4.50 +106%

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This morning, LULU boosted its guidance, sending its share up +12%. On the other hand, TIF dropped 10% as it reported weakened sales growth during the holidays.

Energy stocks were strong as well, which we also looked at in this weekend’s Sector Watch. FSLR jumped +5.24% (this should test $40 soon). NOV climbed +3.27%. EOG, which received an upgrade this morning, went up +3.28%.

The much-beaten Chinese internet stocks bounced today: BIDU +5.63%; SINA +12.8%; SOHU +7.57%.

The Dow was up +69.78 points; SPX added +11.38 points;
gained +25.94 points:

XME (metals and mining) added +2.75%. OIH (oil services) rose +2.44%. BTK (biotech) popped +2.37%. XLF (financials) gained +1.82%.

SPX

SPX added +11.38 points to close at 1292.08. The daily MAs and MACD went higher.

Nasdaq

Nasdaq gained +25.94 points to close at 2702.5. The daily MAs and MACD also went up.

Nice rally today. Both SPX and Nasdaq broke above their respective resistance levels: SPX 1280 and Nasdaq 2680. VIX slid again, but, not by much; and, it stayed above 20. Things are pretty much marching along what we discussed this weekend in my Market Forecast. Agriculture stocks also went higher today after taking a break late last week. CF, AGU, MON, MOS, POT all look pretty good. Both MON and MOS beat their respective earnings estimates.

This morning, in the Trading Room, I cautioned members to wait a bit before getting into new positions:
January 10, 2012 6:56 AM
after a strong gap up, don’t be too eager to add new positions in the first hour of trading, unless you got in right at open…

We saw this behavior last week as well. Remember last Tuesday, when the market jumped right at open and then pretty much held constant for the rest of the week? So, instead, we locked in profits today. The good thing was the risk that we took yesterday before the close, which allowed us to catch the big move today. Now, we’ll have to see if the market can push higher tomorrow.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

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 the past 50 years, when the market has a strong first week, 80% of the time the market is up for the month of January. Then, you can get something like: in the past 80 years, when the market has a strong first month, 70% of the time the market is up for the year! Of course, I’m just throwing these numbers out to fill in the blanks. I’m just giving you some "random" examples.

Here’s my take on this. First, throw out the statistics that go beyond 10 years. The world is changing so fast, things that drove the market are not the same things that are driving the market today. Technology and the internet is changing a lot of things. The stocks market does not operate the same way as it did 10 years ago. Second, don’t let these statistics give you a mental bias on the market. Once you have a mental bias, your judgements may be clouded and they could prevent you from seeing what the market is telling you. Third, as a trader, you should not worry too much about what’s going to happen for the year anyway; it’s only the first week of trading!

Now, let’s take a quick review of what happened last week. In last weekend’s Market Forecast, I said,

"For the new week, earnings seacon is about to start. Good news coming out of Europe will certainly help, but, we’ll have to see how strongly the buyers come back in. If SPX pushes above 1270 and catches its daily upper BB, it could break out. Nasdaq will need a lot of help. It’ll first need to get above 2650."

Gee, the market reached those targets on the first day of trading! In fact, within the first "hour" of trading, Nasdaq went above 2660 and SPX went above 1280. That was nice to see. But, what happens when things pop up too fast? Well, sometimes they come back down fast; other times, they need some time to consolidate. It’s kind of like when you eat a lot of food really fast, you might get a stomach ache and need to sit down for a while. This was what we got for the rest of the week. On Wednesday, the market retreated a bit, while we locked in some nice profits. Thursday saw more consolidation, with a quick drop in the morning. But, things recovered before the close. On Friday, the market experienced more range-bound trading to end just a bit lower.

We had a really nice week, with 2 triple-digit gainers from Ecstatic Plays, and solid winners from Happy Trading!

For the week, the Dow was up +142.36 points; SPX added +20.21 points; Nasdaq gained +64.92 points. Both oil and gold went up as well, with oil went above $101/barrel and gold going back above $1610/ounce. Tonight, at the time of this writing, Asian markets were mostly lower. China, however, was up solidly at +1.44%.

Here’s where the US market stood after Friday’s close:

SPX

SPX slid 3.25 points to close at 1277.81, below 1280. Its daily MAs and MACD were slightly higher.

Nasdaq

Nasdaq added +4.36 points to close at 2674.22, below 2680. Its daily MAs and MACD glided up.

Although the market got a big pop on Tuesday, both SPX and Nasdaq closed just below their respective breakout levels (SPX 1280; Nasdaq 2680). VIX did fall lower, but closed above 20. For the new week…

To read the rest of this article, please subscribe to HappyTrading "Premium Articles" by going to the Premium Services (click here) page. If you are already a subscriber, please click here: Market Forecast 1/08/12.

By HappyTrading | Posted in Uncategorized | Comments (0)

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 closed trades, except one minor loss, in the GR$$N:

12:35 | Ecstatic Plays FAZ ($34.20) Sold to Close 0106P35 Jan 35 put, at $1.05 -33%
07:21 | HappyTrading BIIB ($115.00) Sold to Close 01C110 Jan 110 calls, at $6.50 +38%
09:57 | Ecstatic Plays NFLX ($76.38) Sold to Close 0106C75 Jan 75 calls, at $2.35 +114%
08:35 | Ecstatic Plays AAPL ($412.95) Sold to Close 0106C410 Jan 410 calls, at $4.60 +11%
07:46 | HappyTrading UPS ($73.85) Sold to Close 01C72.5 Jan 73 calls, at $2.00 +33%
11:59 | HappyTrading GS ($96.40) Sold to Close 01C95 Jan 95 calls, at $4.00 +45%
11:58 | Ecstatic Plays GS ($96.40) Sold to Close 0106C95 Jan 95 calls, at $2.25 +108%
11:09 | Ecstatic Plays GS ($96.00) Sold to Close 0106C95 Jan 95 calls, at $2.05 +90%
11:03 | HappyTrading UPS ($74.80) Sold to Close 01C72.5 Jan 73 calls, at $2.74 +83%

We continue to do really well in our new service, Ecstatic Plays, getting intraday doubles, +108% on GS weeklies and +114% on NFLX (this would have been a +1000% trade if we had held on to it until Friday!) Our original Happy Trading trades are strong as well, scoring leasurely with +83% on UPS and +45%, intraday, with GS.

If you have been itching to get back into the market, this may be the time. The market has been gliding up: "the water is warm", so to speak.

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On Thursday and Friday, I cautioned our members that the market may be a bit toppy:
January 5, 2012 12:15 PM
market
still can’t quite break 1280

January 6, 2012 7:25 AM
market
technicals a bit toppy…

Even though we had much-improved jobs data this week, with unemployment rate falling to 8.5%, the market was not ready to rally above SPX 1280. Some consolidation was needed, which we’ll take a closer look at on Sunday in my weekly Market Forecast.

If you want to look at some interesting stocks before then, take a look at the biotech sector. Some big movers included DNDN, MDVN, REGN, and BIIB.

Have a great weekend!

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

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 into NFLX weekly 75 calls, and came away with a +114% profits just one hour later. Here are some of the profits that we took on Tuesday and Wednesday:

January 04, 201
09:57 | Ecstatic Plays NFLX ($76.38) Sold to Close 0106C75 Jan 75 calls, at $2.35 +114%
07:46 | HappyTrading UPS ($73.85) Sold to Close 01C72.5 Jan 73 calls, at $2.00 +33%
January 03, 2012
11:59 | HappyTrading GS ($96.40) Sold to Close 01C95 Jan 95 calls, at $4.00 +45%
11:58 | Ecstatic Plays GS ($96.40) Sold to Close 0106C95 Jan 95 calls, at $2.25 +108%
11:09 | Ecstatic Plays GS ($96.00) Sold to Close 0106C95 Jan 95 calls, at $2.05 +90%
11:03 | HappyTrading UPS ($74.80) Sold to Close 01C72.5 Jan 73 calls, at $2.74 +83%

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MA was downgraded to "neutral" from "buy". Its shares fell more than $12. V also fell 1.79%. CMG was upgraded to "buy", sending its shares up $7.48. LULU was added to "conviction list" by Goldman Sachs. Its shares gapped up and glided higher throughout the day, ended up +8.76% for the day. After market, STX gave strong guidance for Q2 and Q3. Its shares jumped +7.55%. WDC benefitted from the news, adding +3% in after-hours trading. ZUMZ announced a solid quarterly report with better-than-expected guidance. Its shares vaulted more than +10%!

The Dow was up 21.04 points; SPX added 0.24 point; Nasdaq slide 0.36 point:

Most sectors were flat today. GLD (gold) was slightly up, while SLV (silver) fell again. UNG (natural gas) added +3.86% while USO (oil) stayed flat.

SPX

SPX added 0.24 point to close at 1277.3. Its daily MAs and MACD were up slightly.

Nasdaq

Nasdaq slid 0.36 point to close at 2648.36, below 2650. Its daily MAs and MACD glided higher.

The market took a breather today to consolidate, perhaps pausing ahead of the latest jobs data due later this week (jobless claims tomorrow and unemployment rate on Friday). Investors cheered better economic data from Europe and China yesterday. The market is trying hard to break higher. However, Nasdaq is still relatively weak. The "cloud" stocks have been shuned by investors since ORCL’s report last month. APKT cut its 2011 sales and profit forecast; its shares plunged almost 20%! FFIV, CRM, and VMW were all hit by the news, with CRM sinking 3.68%. For a good part of 2011, these "cloud" stocks were leading the techs. Now, the techs will need to see some new leaders. MU has been strong so far this week. We’ll continue to watch the semiconductors closely. Nasdaq will need a lot of help to break out its range. On the other hand, for the broader market, financial and energ stocks seem to be drawing buyers back in. Coals stocks stayed strong today. JOY and CAT may be ready to break out.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

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 weaker after ORCL’s surprisingly bad earnings. Nasdaq will need to push above 2650 to gain strength. Financials are stablizing, and so are the agriculture stocks. Metals and mining are still weak, but, energy stocks are drawing investors back in."

Monday was a market holiday for Christmas. On Tuesday, the market tried to push higher, but to no avail. The market needed to consolidate, and we cashed out on our longside trades. On Wednesday, gold and silver went on a sharp drop, and we took advantage on the puts and turned some quick profits. The market bounced on Thursday and stayed flat on Friday, ending the week pretty much unchanged; and, ending the whole year 2011 pretty much unchanged!

We wrapped up a pretty good year on a solid month of trading, especially with Ecstatic Plays!

For the week, the Dow was down 76.44 points; SPX fell 7.73 points; Nasdaq dropped 13.49 points. Gold dropped below $1540 intraday on Thursday, but, recovered a bit on Friday, back to about $1570. Oil fell as well. Tonight, at the time of this writing, Asian markets were up, cheering the better-than-expected manufactoring data from Europe. Here’s where the US market closed on Friday:

SPX

On Friday, SPX slipped 5.42 points to close at 1257.6. The daily MAs and MACD were slightly up.

Nasdaq

Nasdaq was down 8.69 points to close at 2605.15. The daily MAs and MACD were flat.

SPX struggled all week, but, finally closed just below 1260. Nasdaq was not able to push higher, but, stayed above 2600. VIX came back above 23. For the new week…

By HappyTrading | Posted in Uncategorized | Comments (0)

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. Here are the closed trades for December:

12:56 | HappyTrading GS ($90.17) Sold to Close 01P90 Jan 90 put, at $3.55 +4%
12:11 | HappyTrading ONXX ($44.50) Sold to Close 01C40 Jan 40 calls, at $4.70 +104%
09:54 | HappyTrading ONXX ($43.75) Sold to Close 01C40 Jan 40 calls, at $4.20 +83%
07:05 | HappyTrading NFLX ($73.80) Sold to Close 1230C72.5 Dec 73 calls, at $3.05 +15%
08:17 | HappyTrading TXI ($30.50) Sold to Close 01C30 Jan 30 calls, at $2.50 +6%
07:27 | HappyTrading BA ($73.50) Sold to Close 01C72.5 Jan 73 calls, at $2.56 +2%
07:24 | HappyTrading GOOG ($628.20) Sold to Close 1223C630 Dec 630 calls, at $3.70 -23%
08:17 | HappyTrading BA ($70.70) Sold to Close 01C72.5 Jan 73 calls, at $1.37 -37%
09:14 | HappyTrading MOS ($46.80) Sold to Close 12P50 Dec 50 put, at $3.35 +34%
08:45 | HappyTrading FFIV ($103.90) Sold to Close 12P105 Dec 105 put, at $2.45 +78%
08:17 | HappyTrading FFIV ($104.40) Sold to Close 12P105 Dec 105 put, at $2.15 +68%
08:16 | HappyTrading MOS ($46.90) Sold to Close 12P50 Dec 50 put, at $3.20 +28%
12:26 | HappyTrading GOOG ($631.00) Sold to Close 12C630 Dec 630 calls, at $5.50 -26%
12:02 | HappyTrading WYNN ($105.60) Sold to Close 12P110 Dec 110 put, at $5.00 +47%
11:52 | HappyTrading WYNN ($105.60) Sold to Close 12P110 Dec 110 put, at $4.90 +44%
08:09 | HappyTrading IBM ($192.50) Sold to Close 12C195 Dec 195 calls, at $0.55 -45%
12:40 | HappyTrading GS ($97.80) Sold to Close 12P100 Dec 100 put, at $3.50 +6%
07:26 | HappyTrading AAPL ($391.60) Sold to Close 12C400 Dec 400 calls, at $1.51 -70%
07:21 | HappyTrading WLT ($66.80) Sold to Close 12P65 Dec 65 calls, at $1.61 -11%
09:14 | HappyTrading WLT ($66.10) Sold to Close 12P65 Dec 65 put, at $2.05 +14%
12:43 | HappyTrading CMI ($95.00) Sold to Close 12P95 Dec 95 put, at $2.65 -17%
07:31 | HappyTrading QCOM ($53.87) Sold to Close 12C55 Dec 55 calls, at $0.59 -44%
07:25 | HappyTrading MON ($70.95) Sold to Close 12C72.5 Dec 73 calls, at $0.88 -41%
07:28 | HappyTrading SNDK ($52.05) Sold to Close 12C48 Dec 48 calls, at $4.55 +104%
07:03 | HappyTrading IBM ($192.90) Sold to Close 12C190 Dec 190 calls, at $4.65 +145%
11:49 | HappyTrading IBM ($189.94) Sold to Close 12C190 Dec 190 calls, at $3.30 +74%
11:44 | HappyTrading SNDK ($49.75) Sold to Close 12C48 Dec 48 calls, at $2.88 +29%
07:44 | HappyTrading SLV ($27.80) Bought to Open 1223P28 Dec 28 put, at $0.90 (EXPIRED)
11:51 | HappyTrading CRM ($123.80) Bought to Open 12C125 Dec 125 calls, at $2.50 (EXPIRED)
07:42 | HappyTrading APKT ($35.65) Bought to Open 12C35 Dec 35 calls, at $2.00 (EXPIRED)

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We had a pretty good year! Here are the wrap-up reports for the first 11 months:

November 2011 Monthly Wrap Report

October 2011 Monthly Wrap Report

September 2011 Monthly Wrap Report

August 2011 Monthly Wrap Report

July 2011 Monthly Wrap Report

June 2011 Monthly Wrap Report

May 2011 Monthly Wrap Report

April 2011 Monthly Wrap Report

March 2011 Monthly Wrap Report

February 2011 Monthly Wrap Report

January 2011 Monthly Wrap Report

Most Asian stocks were closed on Monday for New Year’s Day. But, Taiwan was down more than 1%. I’ll be back tomorrow to discuss the first week of 2012 in my Market Forecast.

Happy 2012!

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

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, at $1.80 +23%
12:03 | Ecstatic Plays GLD ($151.20) Sold to Close 1230P153 Dec 153 put, at $2.25 +92%
11:42 | Ecstatic Plays GLD ($151.50) Sold to Close 1230P153 Dec 153 put, at $2.06 +76%
12:49 | Ecstatic Plays GOOG ($641.80) Sold to Close 1230C640 Dec 640 calls, at $6.10 +22%
12:29 | Ecstatic Plays GOOG ($642.70) Sold to Close 1230C640 Dec 40 calls, at $6.60 +32%
09:40 | Ecstatic Plays AAPL ($393.50) Sold to Close 1223C390 Dec 390 calls, at $5.40 +108%
08:54 | Ecstatic Plays AAPL ($393.90) Sold to Close 1223C390 Dec 390 calls, at $5.70 +119%
06:37 | Ecstatic Plays NFLX ($68.50) Sold to Close 1223P70 Dec 70 put, at $2.55 -23%
06:36 | Ecstatic Plays GLD ($156.40) Sold to Close 12P160 Dec 160 put, at $4.00 +102%
09:01 | Ecstatic Plays BIDU ($125.40) Sold to Close 12P125 Dec 125 put, at $2.19 -27%
12:47 | Ecstatic Plays BIDU ($129.70) Sold to Close 1209P130 Dec 130 put, at $2.16 -13%
12:52 | Ecstatic Plays GS ($101.50) Sold to Close 1209C100 Dec 100 calls, at $2.85 -5%
10:37 | Ecstatic Plays AMZN ($190.15) Sold to Close 1209P190 Dec 190 put, at $3.40 +39%
10:33 | Ecstatic Plays AMZN ($191.70) Sold to Close 1209P190 Dec 190 put, at $3.00 +22%
07:26 | Ecstatic Plays WYNN ($115.90) Sold to Close 1209P115 Dec 115 put, at $2.00 +8%
10:38 | Ecstatic Plays NFLX ($71.55) Sold to Close 1209C70 Dec 70 calls, at $3.35 +86%
10:27 | Ecstatic Plays NFLX ($71.10) Sold to Close 1209C70 Dec 70 calls, at $3.10 +72%
10:40 | Ecstatic Plays GMCR ($55.30) Sold to Close 1209C55 Dec 55 calls, at $2.40 +4%
06:45 | Ecstatic Plays GOOG ($605.00) Sold to Close 1202C600 Dec 600 calls, at $7.20 +157%

Besides a few trades, all of these "Ecstatic Plays" were in the positive, and many were with high percentage gains. This is what I had envisioned for this service of faster trades.

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This week wrapped up a volatile 2011, which basically ended flat. Monday is a market holiday, and we will discuss how the market looks for the first week of 2012!

Happy a wonderful, long New Year’s Day weekend!!

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

Dancing To Market’s Rhythm: SPX, Nasdaq, ONXX, GOOG, GLD, WYNN, GS, MCP, CLF, WLT, BTU

December 28, 2011 – 9:00 pm

Well, just when people started to think that this market will finally rally out of the recent trading range, the market fell again. Late yesterday, I commented in our Trading Room that this market needed a pause and consolidate…

December 27, 2011 12:35 PM
market
need to at least consolidate a bit…

Right after I made that comment, the market took a bit of a dip just before the close. Fortunately, we locked in profits on some of our long side trades, including the rest of our ONXX calls for a +104% gain:

December 27, 2011
12:49 | Ecstatic Plays GOOG ($641.80) Sold to Close 1230C640 Dec 640 calls, at $6.10 +22%
12:29 | Ecstatic Plays GOOG ($642.70) Sold to Close 1230C640 Dec 40 calls, at $6.60 +32%
12:11 | HappyTrading ONXX ($44.50) Sold to Close 01C40 Jan 40 calls, at $4.70 +104%

Yesterday, we took notice that gold was falling again:
December 27, 2011 7:11 AM
GLD
down again…

So, today, when gold and silver gapped lower at open, we jumped on GLD puts. A few hours later, we came away with a quick double. Besides GLD, we also traded on GS and WYNN puts:

December 28, 2011
12:56 | HappyTrading GS ($90.17) Sold to Close 01P90 Jan 90 put, at $3.55 +4%
12:53 | Ecstatic Plays WYNN ($109.30) Sold to Close 1230[110 Dec 110 put, at $1.80 +23%
12:03 | Ecstatic Plays GLD ($151.20) Sold to Close 1230P153 Dec 153 put, at $2.25 +92%
11:42 | Ecstatic Plays GLD ($151.50) Sold to Close 1230P153 Dec 153 put, at $2.06 +76%

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Mining stocks were really weak today. MCP slumped more than 14% today as China raised its quota on exporting rare earth metals. Coals sank lower: CLF -4.62%; WLT -4.48%; BTU -3.09%.

The Dow was down 139.94 points; SPX dropped 15.79 points; Nasdaq fell 35.22 points:

XME (metals and mining) tumbled 3.72%. Both SLV (silver) and GLD (gold) were down (gold is back down to $1550/ounce!). USO (oil) slipped 1.84%. XLF (financials) lost 1.61%, back down below $13.

SPX

SPX dropped 15.79 points to close at 1249.64. It managed to stay above its daily MAs, but, the MACD flattened.

Nasdaq

Nasdaq fell 35.22 points to close at 2589.98. It closed just above its 30-day MA. The MACD was flat.

This market is volatile. Yes! This market moves fast, when it moves. Yes! This market is still caught within a range. Still yes! This is not much of a "buy-and-hold" market. No! But, it still has a rhythm, even though, at times, the rhythm is so chaotic that it is probably just better to hold cash! Trading this market is kind of like dancing. There are steps; there are counts; and, there are pauses (Yes, that is me in the picture above!). Pauses are sometimes the most difficult things to do, but, they can be very rewarding. In the last 2 weeks, we took some pauses and didn’t trade much. This week, in the first 2 days, we already made more plays than we did all of last week! When the market is too chaotic, trading can become too stressful and you’ll probably lose money. It is better to keep the cash and save your energy so you can focus and make easier trades when the market conditions are better. This is true for me as well. We can probably all learn to take better pauses.

In our "HappyTrading" trades, I am going to aim to keep the slower trades. I will keep the intraday and overnight trades with the new services under "Ecstatic Plays". I will also start to make even better "pauses". After reviewing my trading for the past couple of months, I want to make some adjustments to my trading, and these adjustments will require restricter rules on trading conditions, which will likely translate to more "holding on to cash as a position".

By the end of the day today, we were back to mostly cash. This market may need sometime to consolidate, as I have mentioned in our Trading Room. SPX closed below 1250 today and could test 1240 tomorrow. Nasdaq had a hard time keeping its altitude today and closed below its 20-day MA. Dollar rose against the Euro again. These are not very bullish signals. We’ll have to see what comes out of Europe this week. At least for the US market, it does seem that buyers are trying very hard to drive this market higher, to break out. But, Europe keeps dragging us back. Things should get clearer soon though, as the daily MAs keep getting pinched closer together.

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, HGX, SOXX, XLF, GS, WFC, JPM, BLK, SPG, SHW, BXP, EQR, ARE, CPT, OXY, EVEP, EOG, IOC, NOV, XOM, CVX

December 26, 2011 – 8:26 pm

With the Christmas long weekend, it seems like last week was a while ago! But, last weekend, in my Market Forecast, we discussed,

"For the new week, with only 2 weeks left in trading for 2011, both SPX and Nasdaq are in the negative territory. It is becoming less and less likely that the market will get a holiday rally. The market will need to go above 1260 to get any strength on the upside. If it falls below 1200, we may see further selloff."

Well, on Monday, the market took a sizable fall and SPX went down to 1202, just above 1200. On Tuesday, the market turned 180 degrees as better news came out of Europe, and the US responded with a jump in housing starts. We took a quick +119% profit on an AAPL trade. On Wednesday, the market took a breather. On Thursday and Friday, the market continued to climb as the jobless claims fell. SPX ended the week at 1265.33, just above 1260.

We didn’t publish many trades as the market was very volatile and it almost broke down on Monday.

09:54 | HappyTrading ONXX ($43.75) Sold to Close 01C40 Jan 40 calls, at $4.20 +83%
07:05 | HappyTrading NFLX ($73.80) Sold to Close 1230C72.5 Dec 73 calls, at $3.05 +15%
08:17 | HappyTrading TXI ($30.50) Sold to Close 01C30 Jan 30 calls, at $2.50 +6%
07:27 | HappyTrading BA ($73.50) Sold to Close 01C72.5 Jan 73 calls, at $2.56 +2%
07:24 | HappyTrading GOOG ($628.20) Sold to Close 1223C630 Dec 630 calls, at $3.70 -23%
08:17 | HappyTrading BA ($70.70) Sold to Close 01C72.5 Jan 73 calls, at $1.37 -37%

For the week, the Dow was up +427.61 points; SPX added +45.67 points; Nasdaq gained +63.31 points. Gold actually hardly moved. Oil bounced back to almost $100/barrel. While the US market was having a long weekend for Christmas, the Asian markets seemed to be on hold as well. They were mixed with small changes on Monday and this evening, at the time of this writing, they are mixed again. Let’s take a look at where the US market closed on Friday:

SPX

On Friday, SPX added +11.33 points to close at 1265.33. Its daily MAs and MACD went up.

Nasdaq

Nasdaq gained +19.19 points to close at 2618.64. Its 20-day MA turned up and the MACD moved higher.

Well, both SPX and Nasdaq closed above their respective daily MAs, although Nasdaq still looked weak. For the new week…

By HappyTrading | Posted in Uncategorized | Comments (0)

Ecstatic Plays Thriving On The Volatile Environment! AAPL, GLD, NFLX, GOOG

December 25, 2011 – 9:18 pm

Merry Christmas!

The market has been very volatile this month, stuck in a range, which wroked out just fine for our Ecstatic Plays (TM). I started this new services just 2 months ago to take advantage of the volatile market environment (To find out more about Ecstatic Plays, please CLICK HERE). Ecstatic Plays has had a fantiastic month so far, with all most all trades being profittable. Here is a quick look at the trades so far:

09:40 | Ecstatic Plays AAPL ($393.50) Sold to Close 1223C390 Dec 390 calls, at $5.40 +108%
08:54 | Ecstatic Plays AAPL ($393.90) Sold to Close 1223C390 Dec 390 calls, at $5.70 +119%
06:37 | Ecstatic Plays NFLX ($68.50) Sold to Close 1223P70 Dec 70 put, at $2.55 -23%
06:36 | Ecstatic Plays GLD ($156.40) Sold to Close 12P160 Dec 160 put, at $4.00 +102%
09:01 | Ecstatic Plays BIDU ($125.40) Sold to Close 12P125 Dec 125 put, at $2.19 -27%
12:47 | Ecstatic Plays BIDU ($129.70) Sold to Close 1209P130 Dec 130 put, at $2.16 -13%
12:52 | Ecstatic Plays GS ($101.50) Sold to Close 1209C100 Dec 100 calls, at $2.85 -5%
10:37 | Ecstatic Plays AMZN ($190.15) Sold to Close 1209P190 Dec 190 put, at $3.40 +39%
10:33 | Ecstatic Plays AMZN ($191.70) Sold to Close 1209P190 Dec 190 put, at $3.00 +22%
07:26 | Ecstatic Plays WYNN ($115.90) Sold to Close 1209P115 Dec 115 put, at $2.00 +8%
10:38 | Ecstatic Plays NFLX ($71.55) Sold to Close 1209C70 Dec 70 calls, at $3.35 +86%
10:27 | Ecstatic Plays NFLX ($71.10) Sold to Close 1209C70 Dec 70 calls, at $3.10 +72%
10:40 | Ecstatic Plays GMCR ($55.30) Sold to Close 1209C55 Dec 55 calls, at $2.40 +4%
06:45 | Ecstatic Plays GOOG ($605.00) Sold to Close 1202C600 Dec 600 calls, at $7.20 +157%

(to subscribe to our Premium Services, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video)

These trades allow me to be more flexible and trade quick trades on both sides. They are working out really well. Our "normal" trades from the "HappyTrading" service also had a great week, which we’ll take a look at tomorrow with the new week’s Market Forecast.

After testing the Ecstatic Plays (TM) for a couple of months, I am finding this service to work very well with our other services. I will continue to trade the faster trades in the Ecstatic Plays.

Hope you are enjoying your long Christmas weekend. I’ll be back tomorrow! Please stay tuned…

Good night and HappyTrading! ™

By HappyTrading | Posted in Uncategorized | Comments (0)

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

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

Another (Near) Perfect Week! NFLX, GS, UPS, DNDN, MDVN, REGN, BIIB

More Profits From Ecstatic Plays! NFLX, GS, UPS, STX, WDC, ZUMZ, LULU, CMG, MA, V, APKT, FFIV, CRM, VMW, MU, JOY, CAT

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, SOXX, MOS, MON, XOM, CVX, APA, OXY, EOG, CYMI, ALTR

December 2011 Monthly Wrap-Up: ONXX, FFIV, SNDK, IBM

Happy New Year With Ecstatic Plays!! NFLX, AAPL, GOOG, GLD

Dancing To Market’s Rhythm: SPX, Nasdaq, ONXX, GOOG, GLD, WYNN, GS, MCP, CLF, WLT, BTU

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, HGX, SOXX, XLF, GS, WFC, JPM, BLK, SPG, SHW, BXP, EQR, ARE, CPT, OXY, EVEP, EOG, IOC, NOV, XOM, CVX

Ecstatic Plays Thriving On The Volatile Environment! AAPL, GLD, NFLX, GOOG

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