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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, SOXX, IGV, SOXX, CELG, PTCT, HRTX, AGN, CLVS, KITE, CRM, RHT, ADBE, XOM, CVX, EOG, APA, OXY, AVGO, NXPI, SWKS, CRUS

Last week was an interesting week. On Monday and Tuesday, stocks dropped and SPX tested 1870, not quite as low as the August low. So things got a bit tricky, as the bulls and bears fought it out. But, by Tuesday’s close, buyers were already getting in. Wednesday was a nice pop. Thursday continued upwards with a quick mid-day pullback. Friday morning, markets gapped lower on disappointing jobs report. But, the weakness lasted only thirty minutes. Buyers couldn’t wait to get back in, it seemed. In the early afternoon, markets had turned positive, and rallied until the close!

Our trades did very well last week, and, it took a lot of patience. Our AGN puts scored a +105.34% profit on Monday, and, our calls worked out really well later in the week. Here are the closed trades for the week:

To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

My Happy Trades portfolio also did very well last week. We played more puts than calls in this portfolio, and were mostly profitable. UA, TSLA, and BWLD puts all played out well. SNDK had a tremendous rise last week. We caught it partially with some calls:

My Happy Trades portfolio is for traders that are not as active as those in Ecstatic Plays, but, still want to participate in the market weekly. Please CLICK HERE to find out more about Happy Trades.

For the week, the Dow was up +157.7 points ; SPX gained +20.02 points; Nasdaq climbed +21.5 points. Both gold and oil were little changed last week. At the time of this writing, Asian markets were mostly up. Let’s take a look at the US markets after Friday’s close:

SPX

On Friday, SPX gained +27.54 points to close at 1951.36. It closed above its daily MAs and the MACD turned bullish.

Nasdaq

Nasdaq popped +80.69 points to close at 4707.78. It closed above its 10-day MA. The MACD went up.SPX closed above its daily MAs, while Nasdaq just pierced above its 10-day MA. Energy stocks certainly helped the broader market. On the other hand, Nasdaq has been held back by the biotechs. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here). Ecstatic Plays portfolio also started trading stocks, in addition to options. Please Click Here to see more details.

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, GLD, GOOG/GOOGL, AMZN, PCLN, FB, NFLX, GS, BAC, JPM, CELG, GILD, AMGN, CLVS

Last weekend, in my Market Forecast, I wrote:

For the new week, the market will start out with a neutral stance, albeit leaning a bit more towards bullish. I think there is a chance that SPX will re-test 1980, or perhaps even 2000.”

Well, things pretty much happened as predicted. On Monday, things struggled to find a real direction. But, buyers came in in full force on Tuesday and continued all the way until just before the Fed’s rate announcement on Thursday. By that time, SPX was hovering right around 2000.

On Thursday, before the Fed announcement, I said in our Chatroom:
“…we might see a flat market today… a lot of people are expecting big movements… so, what might happen today is “nothing”… real movement may come tomorrow or next week…” [8:55 am] PST

That was what exactly happened as well! Right after the Fed announced “no rate change”, markets were volatile. But, when Yellen came on TV to further detail Fed’s decision, stocks rallied. SPX went up another 20 points to test 2020. During that time we picked up GOOG calls and made a quick, nice trade:


We locked in the quick profit because I did not expect the gains to hold. Sure enough, before the market close on Wednesday, SPX came back to flatline, and went slightly negative for the close.

Friday was the “real” move after the Fed, as the markets dropped, with SPX losing 1.62% to trade below 1960! We captured the downside with some puts. Here are the closed trades for the week:


To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

For the week, the Dow was down 48.51 points; SPX fell 3.02 points; Nasdaq added +4.89 points. Oil (WTI) fell to trade at around $45/barrel. Gold got a good pop to trade just below $1140/ounce. At the time of this writing, Asian markets were mostly down. Here are how the US markets closed on Friday:

SPX

On Friday, SPX fell 32.17 points to close at 1958.03. It closed below its 10-day MA. The MACD flattened.

Nasdaq

Nasdaq tumbled 66.72 points to close at 4827.23. It managed to stay above its 10-day MA. Both SPX and Nasdaq rallied all the way back up to test its daily MAs. After briefly rising above their respective 30-day MAs, sellers came in again. Although Nasdaq appears a bit strong, the two indices tell the same story: Markets bounced back to test the 30-day MA, respectively, on both SPX and Nasdaq. But, both failed to stay above it, for now. Then, they both came down to test their respective 10-day MA. Nasdaq managed to stay above, while SPX fell below…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here). Ecstatic Plays portfolio also started trading stocks, in addition to options. Please Click Here to see more details.

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK SOXX, FDN, XLE, GOOG, GOOGL, AMZN, PCLN, TWTR, FB, LNKD, GS, ADBE, APC, APA, EOG, OXY, CELG, GILD, BIIB, CLVS, INCY, KITE

The markets were range-bound last week, as stocks consolidated. After Labor Day Monday, Markets opened with a rally on Tuesday. But, as discussed in my Market Forecast last weekend, stocks hit resistance between 1970-1980. After a quick overshoot on Wednesday, buyers locked in profits. Thursday and Friday were tightly ranged.

We have been keeping mostly cash, but, still found some nice trades. AVGO calls gave us profits as high as +72%. On the stock side, we locked in profits on SEDG for a gain of +7.9%. Here are the closed trades for the week.

To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

For the week, the Dow was up +330.71 points; SPX added +39.83 points; Nasdaq gained +138.42 points. Gold fell to below $1110/ounce. Oil (WTI) slipped below $45/barrel. Over the weekend, China reported a slow-down in its factory output. At the time of this writing, it seemed enough to place pressure on Asian stocks, which were mostly lower. Still China is aiming for a 7% GDP growth for 2015, although it seems that economists outside of China does not believe in that number.

Whether online or on TV, everyday you hear people arguing over Fed’s up-coming decision on interest rates. Then, they worry about China’s economy and whether or not China’s GDP numbers are real. Finally, they try to rationalize what happens on the stock market each day, coming up with a “reason” for which ever way the market goes. I think these are just “noises”, either people trying to make themselves useful by coming up with mental explanations for what is happening to feed the media, or people trying to “mislead” others by creating a false picture to make the scene even more confusing.

If you have not realized this, you should at least try to consider it: the stock market is a game! There are many facets to the game, and, we play the ones that we can. Most of the big trades on the markets are now being done by computer algorithms. Only the price actions will tell the truth. There does not necessarily always need to be logical reasons, especially when the markets are range-bound. Certainly, the computers do not understand “reasons”. All they know is what are mathematically “possible”, and, they often act along those possibilities, or rather “plausibilities”. Soon enough, actually on Wednesday, we will know whether the Fed raises rates or not. There is really no need to stress ourselves out over the Fed, or trying to read all the arguments over whether the Fed should or should not raise rates. It is not the game that we need to play. At least, it is not for me.

So, having said all that, let’s see where the US markets stood after Friday’s close:

SPX

On Friday, SPX added +8.76 points to close at 1961.05. It closed above its 10-day MA. The MACD went up.

Nasdaq

Nasdaq gained +26.09 points to close at 4822.34. It closed above its 20-day MA. Its MACD also went up.Techs out-performed the broader market, as Nasdaq climbed above its 20-day MA. SPX felt the pressure from the energy stocks on Friday, but, still managed to close higher. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here). Ecstatic Plays portfolio also started trading stocks, in addition to options. Please Click Here to see more details.

Navigating a Volatile Market: SPY, AAL, HRTX, BIIB, AMGN, GILD, UTHR, CELG, INCY, GOOG, GOOGL, AMZN, FB, TWTR, PCLN, BIDU, WUBA, AAPL, NXPI, AVGO, TSLA

Yesterday, stocks plummeted dragging SPX down almost 3%. Today, stock bounced, sending SPX up 1.83%. We have been navigating these volatile swings quite well, logging in gains on both sides. We locked in profits in SPY puts yesterday and took in profits on AAL calls, +62.79%, today.

In this week, so far, all of our trades have been profitable except one:

We also traded HRTX, both the stock and option calls, and garnered gains on both. As stated before, I am now trading stocks, ETFs, and options in both Ecstatic Plays and Happy Trades (Click here to see more details). So, for those of you who only trade stocks, you can profit from my plays as well!

To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

Yesterday, SPX went down to test 1900. Today, it popped up to test 1950. What the market did today is perhaps narrowing the trading range a bit for us in the near term. After such big swings, things need to consolidate. Above 1950, there is resistance between 1960 and 1980, while on the down side, the support is now 1900.

TSLA was up +3.8% today, adding more than $9. After the market, it popped another $6.61, or +2.67%. The company announced that the new Model X will begin delivery starting on September 29. This could be an interesting play tomorrow. TSLA came down quite a bit from its recent height of $286. A recent price target hike took its high-end target to $465!!

There are a lot of products on Marketfy. If you are not sure which product to try out, click on the “Get Started” button on Marketfy’s Homepage:

You will see that my two products are the top 2 products on Marketfy by portfolio performance:

In particular, my Ecstatic Plays portfolio has more than tripled in just one year of trading! I hope to see you in our Chat Room soon!

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, XME, FDN, MA, V, ACI, CNX, BTU, EOG, TSO, VLO, PSX, GOOG, GOOGL, AMZN, PCLN, FB, NFLX, DO

This market has been pretty crazy! Monday’s drop was pretty unreal! The Dow was briefly down over 1,000 points. This was after falling three days in a row the week before. SPX fell down to 1867 before bouncing.

But, as expected, buyers came in on Tuesday, although the gains did not hold. Wednesday was a different story. Buyers drove stocks back higher and the buying continued into Thursday. Friday was a flat day and the major indices eked out a gain for the week.

We had a very profitable week finding winners on both sides. On Monday, we cashed out a big winner in GOOG puts, with +301% profit. We then jumped into the up side with calls in NFLX, SCTY, and MBLY. NFLX calls gave us an overnight +68.7% gain! Here are the closed trades for the week:

To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

For the week, the Dow was up 183.26 points; SPX added +17.98 points; Nasdaq gained +122.28 points. Gold fell to around $1130/ounce. Oil (WTI) bounced strongly, to near $45/barrel. At the time of this writing, Asian markets were mostly lower. Here are how the US markets looked after Friday’s close:

SPX

On Friday, SPX added +1.21 points to close at 1988.87. It closed just below its daily MAs. Its MACD went up.

Nasdaq

Nasdaq gained +15.62 points to close at 4828.33. It closed just above its 10-day MA.Both SPX and Nasdaq came down sharply and bounced sharply. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here). Ecstatic Plays portfolio also started trading stocks, in addition to options. Please Click Here to see more details.

Making Money As the Market Bounces! NFLX, SLB, APA, APC, EOG, HES, CVX, XOM, FSLR, SCTY, SPWR, CSIQ, JKS

The markets around the world bounced in the past couple of days. We have been trading the downside, but, locked in our profits just in time. We also took advantage of the bounce as the markets turned on Wednesday.

Our NFLX calls rewarded us nicely with a +68.7% gain:

Both of my portfolios continue to climb in value. The Ecstatic Plays portfolio is back to near all-time high:

Come see what Ecstatic Plays offers and what we are trading next!

We have been making money on both the downside and the upside. Catching both sides just right! My two products Ecstatic Plays and Happy Trades are the top two performers on Marketfy. Ecstatic Plays is, by far, the best performer on Marketfy!

Energy stocks are strong right now and have helped the broader market in its bounce. SLB, APA, APC, EOG, CVX, XOM all went up strong. Solar stocks are also gained strength. SCTY have shot up strongly and we took advantage of that as well. FSLR, JKS, SPWR, CSIQ also found buyers.

TSO and VLO are looking interesting. These two have pulled back recently with the broader market, and have just started to bounce today.

Things are a bit volatile today, as the market takes time to consolidate after a week of strong pullback and a few days of strong bounce. SPX is holding up well, though, staying above 1980.

Have a nice weekend and HappyTrading! ™

Making More Profits On the Downside! GOOG, GOOGL, APA, APC, SLB, XOM, CVX, OXY, HES, EOG

Markets are down big again today! The Dow was down over 1000 points near the open! SPX traded below 1970 in the morning, and Nasdaq fell below 4300!

Between the various products that I have on Marketfy, we took some big profits on the downside again. The GOOG puts that we bought on Friday was a big winner, which we cashed out at day high:


Just 5 contracts garnered nearly $19,000 in profits, for a +301% gain!

The Ecstatic Plays is now back above +200% and up +45.6% for 2015, while the market is down in the “correction”! Here’s today’s performance chart on the for the portfolio:

Come see what Ecstatic Plays offers and what we are trading next!

In my article last night, I pointed out that that we could “quickly” see SPX at 1900. Today, we punched below that, before bouncing higher. At today’s close, SPX finished below 1900, at 1893.21. However, the market did close on a weak note. In October 2014, SPX fell all the way down to 1820. It is quite likely that we will see 1820 to tested again!

Also, if you have not, please take a look at my article, titled “It’s Time to Migrate Out of Oil!” As I questioned in the article, are we going to see $30/barrel on oil (WTI) soon? It has already fallen to $38/barrel today. Oil has been over-drilled, over-stockpiled, and the usage is going to decrease faster and faster as renewable energy sources take over. Oil is likely going to play a much smaller part in our future energy use. While the markets tumbled, solar stocks found buyers today. Already, solar stocks are “decoupling” from oil stocks. In the past year, traders have been trading solar stocks along with oil stocks. But, that behavior will soon change. If oil continues to drop, solar stocks should hold or rise. If oil bounces, you can bet that solar stocks will rise as well. It’s time to migrate out of oil before it becomes like coal, both in our everyday living and in the stock market!

Good night and HappyTrading! ™

World Markets Tumble + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, IGV, BTK, FDN, GS, WFC, BAC, JPM, MA, V, GOOG, GOOGL, AMZN, FB, NFLX, GILD, BIIB, CLVS, JAZZ, AMGN, CRM

Last week, world markets tumbled, as worries over China finally pushed investors to exit in panic! The Dow was down over a whopping 1000 points (-1017.65 to be exact); SPX fell 120.65 points; Nasdaq tumbled 341.85 points.

US markets were holding up well on Monday and Tuesday. But, starting on Wednesday, things started to slide. Thursday and Friday were marked by heavy selling. Tonight, at the time of this writing, Asian markets were down big again! China was down 8.45%; Hong Kong fell 4.64%; Japan lost 3.65%.

Gold traded higher for the week, closing near $1160/ounce. Oil tumbled and WTI traded below $40/barrel.

Let’s take a look at China’s Shanghai Composite Index:

The above is SSEC’s monthly chart, from December 2003 until now. As you can see, in April 2006, SSEC had its first “super jump”. In just 16 months, that bull market reached its peak. In just one year after its peak, SSEC basically came all the way back, but, not quite. This time, SSEC starting moving higher in August 2014. In ten months, it reached its peak, in June 2015. In just two months after reaching the peak, SSEC has already fallen more than half way! Assuming the history repeats itself and that SSEC falls “almost” all the way back to where it started, we could be looking at somewhere between 2700 and 2400 before this correction ends. But, the way that it is falling, we could see 2700 before the end of this year!

Now, let’s take a look at the US markets:
SPX

On Friday SPX fell 64.84 points to close at 1970.89. It daily MAs and MACD dropped sharply. If SPX also continues to drop without a pause, we could quickly see 1900!

Nasdaq

Nasdaq tumbled 171.45 points to close at 4706.04. Its daily MAs and MACD also nosedove. Nasdaq’s first support is at 4600. But, if SPX were to fall to 1900, I think Nasdaq should be around 4400 or below. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here). Ecstatic Plays portfolio also started trading stocks, in addition to options. Please Click Here to see more details. See some of our downside trades!

Ecstatic Plays Will Now Trade Stocks!

In addition to trading options, I will now start to trade stocks in my Ecstatic Plays Portfolio as well! In a year, I have tripled this portfolio trading options only and keeping cash at above 90%!

Since I do not need to use more than 10% of my portfolio in trading options, and, Marketfy members have asked me if I would trade stocks, I will start trading stocks as well.

For my existing members, nothing will change on the options side. I will allocate about 30% of the portfolio to trade stocks. I will keep cash in the portfolio above 50%. If you are looking to trade stocks as well, I suggest you also follow the percentage guidelines. Thank you!

If you haven’t, start adding ETFs to your watch lists. Here are some of the main ETFs that I will look to trade:

YANG: China 3x Bear
YINN: China 3x Bull
SDS: Ultra Short SP500
SPY: SP500
UPRO: Ultra Long SP500
EWV: Ultra Short Japan
EPV: Ultra Short Europe
EDZ: Emerging Markets 3x Bear
DUG: Ultra Short Oil & Gas

In addition to the above ETFs, I will also trade normal stocks. I will not, however, be trading penny stocks. I do not believe in penny stocks. If I want to look for leverage, I will trade options.

To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

Good night and HappyTrading! ™

It’s Time to Migrate Out of Oil! XOM, CVX, SLB, EOG, APA, APC, NOV, OXY, RIG, DO

Oil has been falling and falling! It does not seem like it will find a support any time soon. The US Oil ETF, USO, is almost single-digit. I think it will soon need a reverse split, or else, it might lose another 30% soon. Could this mean that, before long, oil will reach $30/barrel?!

Energy paradigms are shifting around the world. Coal is already on its way out. Take a look at the coal stocks such as BTU, CNX, and JOY. How about some names that are barely trading, such as WLT, RNO, and ANR. In 2011, BTU was a $70 stock. Where is it trading now? Less than $1.5!!

While I do not think oil will fall as fast, as it will take longer for renewable energies to completely replace oil, it has already been over-drilled and the usage is about to decline faster and faster. We all know that electric and hybrid cars are becoming more and more popular. TSLA stock has skyrocketed. Will we soon see hybrid/solar planes for commercial flights?

China is making big changes in its energy policy. It has pledged to increase its total energy budget on renewable, zero-emission energy sources to 20%!

The linked article states:

“China has been also investing heavily in solar power. In 2013, it installed a record 12 gigawatts of solar power. In 2014 the country added another 12 gigawatts of solar power, reports Bloomberg News, narrowly missing its goal of 14 gigawatts.”

In one year, the biggest oil companies such as XOM and CVX have lost tremendous value. XOM is down about 30% and CVX has lost more than 40%! Smaller companies are doing worse. NOV, for example, has lost more than 50% of its market cap in just one year. Even Buffet appears to be dumping oil plays, shedding the likes of PSX and NOV.

Offshore drilling stocks such as DO and RIG will likely be worthless within the next five years. RIG is already approaching single-digit.

If these energy companies were to survive, they will probably have to invest in renewable energy sources soon. This is not just about what energy sources are more economical; it is really more about the survival of our planet, and of “us”. Governments around the world are already making stricter policies on carbon emissions, and they will likely get tougher in the years to come. When it comes down to our own survivor, you can bet that global governments will find ways to help make renewable energies economic enough to replace oil, if technology doesn’t get us there itself.

Good night and HappyTrading! ™