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Scoring +285% Profit Overnight on BRCM! SPX, Nasdaq, BRCM, YHOO, CREE, BIIB, ISRG, YELP

Yesterday after the market, BRCM
reported stellar earnings with a $2.26 billion revenue for the third quarter.  Its shares popped +5.46% and traded as high as $40.68.  We picked up both October and November calls yesterday, and scored profits as high as +285% overnight!

In my
Ecstatic Plays Portfolio, I bought October 37 weekly calls at 87 cents and cashed them out this morning at $3.35!

BRCM Options Sell to close 10.00 (1.74%) of BRCM Oct 24 2014 Call 37.0 at 3.35000 285.06% ($2,480.00) Profit
BRCM Options Buy to open 10.00 of BRCM Oct 24 2014 Call 37.0 at 0.87000

In my
Happy Trades Portfolio (This product will soon become available.  This portfolio is for “part-time” investors/traders, who would like to trade just several times a month and make some extra cash.  If you’d like to find out more about this product please stay tuned.  You can message me with your full name and your Marketfy login so I can add you to the Leads List.  Or, you can become a lead under the Ecstatic Plays Product, as I will be making announcements there as well.), I bought November 37 calls at $1.34 and sold them at $3.5 today:

BRCM Options Sell to close 10.00 (3.21%) of BRCM Nov 22 2014 Call 37.0 at 3.50000 161.19% ($2,160.00) Profit
BRCM Options Buy to open 10.00 of BRCM Nov 22 2014 Call 37.0 at 1.34000

YHOO
also delivered a strong quarter earning $6.8 billion for the quarter.  Besides a windfall from Alibaba, it also reported strong revenue from mobile devices.  YHOO shares were up +4.53%.  But, things were not all rosy today.  CREE missed its earnings estimates and saw its shares tumble more than 17%!  BIIB reported a strong quarter, but, the company also reported a patient died while taking its top-selling multiple sclerosis drug Tecfidera.  BIIB shares gapped down almost $45 before slowing recovering throughout the day.  Still, BIIB ended the day down 5.42%.  ISRG reported quarterly numbers that topped analysts’ estimates.  However, ISRG shares fell 2.82%.

To read rest of the article, please visit me on Marketfy, by CLICKING HERE.

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, FAS, SOXX, XLE, AAPL, IBM, YHOO, MSFT, BRCM, XLNX, BIIB, CELG, ILMN, GS, JPM, WFC, OXY, HAL, DO, EOG

Posted to Ecstatic Plays on Oct 20, 2014 — 12:10 AM

It was another volatile week. Stocks tumbled during the first 3 days of trading, hitting an intraday low of 1820.66 on Wednesday before bouncing back. But, by Friday’s close, SPX was back up to test 1890!

Things once again went according to my weekly Market Forecast. Last weekend, I wrote,

Financials will be very important, especially their earnings. Biotechs could see more selling to catch up to the broader market. Below 1900, SPX has support at 1880. Nasdaq has support at 4240.”

On Monday, the market fought to keep above 1880, but, failed. On Tuesday, buyers tried again to keep that support. But, earnings from WFC and JPM were not good enough. On Wednesday, stocks experienced a bit of “free falling”, dropping nearly 50 points to 1820 before bouncing! On Friday, MS’s report was better and stocks rebounded, with both SPX and Nasdaq closing above their respective support levels.

We had a mixed week, with TSO calls giving us profits as high as +138.71%:

CLVS Options Sell to close 20.00 (6.49%) of CLVS Nov 22 2014 Call 45.0 at 6.50000 4.84% ($600.00) Profit
SCTY Options Sell to close 5.00 (1.57%) of SCTY Nov 22 2014 Call 48.0 at 6.00000 15.38% ($400.00) Profit
SCTY Options Sell to close 5.00 (2.09%) of SCTY Nov 22 2014 Call 48.0 at 8.00000 53.85% ($1,400.00) Profit
AAPL Options Sell to close 10.00 (2.01%) of AAPL Nov 22 2014 Put 95.0 at 4.00000 5.26% ($200.00) Profit
TSO Options Sell to close 10.00 (1.87%) of TSO Oct 18 2014 Put 60.0 at 3.70000 138.71% ($2,150.00) Profit
TSLA Options Sell to close 20.00 (1.52%) of TSLA Oct 18 2014 Call 230.0 at 1.50000 -68.75% ($-6,600.00) Loss
TSO Options Sell to close 10.00 (1.57%) of TSO Oct 18 2014 Put 60.0 at 3.10000 100.00% ($1,550.00) Profit
TSO Options Sell to close 10.00 (1.53%) of TSO Oct 18 2014 Put 60.0 at 3.00000 93.55% ($1,450.00) Profit
HLF Options Sell to close 10.00 (0.93%) of HLF Oct 18 2014 Put 45.0 at 1.85000 8.82% ($150.00) Profit
BIDU Options Sell to close 10.00 (1.59%) of BIDU Oct 18 2014 Put 200.0 at 3.20000 8.47% ($250.00) Profit
CLVS Options Sell to close 10.00 (0.51%) of CLVS Oct 18 2014 Call 45.0 at 1.00000 -69.70% ($-2,300.00) Loss
BIDU Options Sell to close 10.00 (1.01%) of BIDU Oct 18 2014 Put 200.0 at 2.01000 -63.12% ($-3,440.00) Loss

For the week, the Dow was down 163.69 points; SPX fell 19.73 points; Nasdaq lost 17.8 points. Gold bounced again to around $1237/ounce, while oil fell again to just above $83/barrel. At the time of this writing, Asian markets were mostly higher. Let’s see where the US markets stood after Friday’s close:

SPX


On Friday, SPX added +24 points to close at 1886.76. Its daily MAs slid, but, its MACD flattened.

Nasdaq

Nasdaq gained +41.05 points to close at 4258.44. It closed below its daily MAs.

Although both SPX and Nasdaq were able to bounce back above their respective support levels, all three major indices (including the Dow) closed below their respective daily MAs. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).

Ebola-Related Stocks Soar! LAKE, APT, SMED

Posted to Ecstatic Plays on Oct 13, 2014 — 10:10 PM

While most stocks were getting hammered last week, stocks of companies that make protective masks and suits were soaring. Today, they popped even more!

Lakeland Industries (NASDAQ: LAKE), which produces protective clothing such as the ChemMax 1 hazmat suit, popped another +47.7% today and traded higher in the after-hours trading, up to $32/share from Monday’s close of $29/share.

Alpha Pro Tech (AMEX: APT), which makes face masks, coveralls and other protective apparel, gained more than +35% today to close at $10.05. APT traded above $11 this evening.

Sharp Compliance (NASDAQ: SMED), which makes medical-waste management products such as “sharps” containers for used needles and blades, traded as high as $6.797 and closed at $5.55 today. SMED were trading above $6 this evening.

I think it’ll be difficult to chase these stocks. We’ll keep a watch on these. They may be good potential downside plays when the Ebola crisis is contained. Or better yet, for everyone’s sake, let’s hope an effective treatment is found soon!

Happy Friady and HappyTrading! ™

Weekly Wrap-Up (up +114% in 2 months!) + Market Forecast + Sector Watch: GS, ALXN, BIDU, AAPL, POT, CTRP, LNKD, CLVS, TIBX, BIIB

Last weekend, in my Market Forecast, I wrote:

For the new week, I think the markets will be volatile again. Although we saw a solid bounce on Friday, both SPX and Nasdaq closed below their respective daily MAs (The Dow looks a bit stronger, closing above its 20-day MA). If SPX and Nasdaq fall below the support levels again, I don’t think they will hold this time. Below 1980, SPX has support around 1950, while for Nasdaq, below 4500, it has support between 4400 and 4350.”

Once again, things happened as discussed in the forecast. On Monday and Tuesday, the markets negotiated with the support levels, ie SPX 1980 and Nasdaq 4500. Wednesday morning brought a quick drop, and the support levels were broken. It was like the flood gate was open, and the “water level” kept going lower. The sell-off continued on Thursday morning, and SPX went briefly below 1930, while Nasdaq fell below 4370. Buyers quickly came in. By the time, market closed on Thursday, SPX came back up and tested 1950! Friday was a positive day after jobs report came in better than expected. For the week, SPX still closed below 1980 and Nasdaq closed below 4500.

We had a really nice week, catching nice trades on both sides. 100% of our closed trade were profitable. These 15 trades gave our portpolio another big boost of over $25,000. My Ecstatic Plays Portfolio is now up +114% after just 2 months!

GS Options Sell to close 10.00 (2.46%) of GS Oct 18 2014 Call 185.0 at 5.00000 6.38% ($300.00) Profit
ALXN Options Sell to close 5.00 (2.69%) of ALXN Oct 18 2014 Call 165.0 at 10.80000 111.76% ($2,850.00) Profit
BIDU Options Sell to close 5.00 (2.58%) of BIDU Oct 18 2014 Put 215.0 at 10.36000 48.00% ($1,680.00) Profit
AAPL Options Sell to close 30.00 (3.97%) of AAPL Oct 18 2014 Put 100.0 at 2.70000 5.88% ($450.00) Profit
POT Options Sell to close 30.00 (2.83%) of POT Oct 18 2014 Put 35.0 at 1.88000 9.37% ($2,310.00) Profit
POT Options Sell to close 20.00 (1.65%) of POT Oct 18 2014 Put 35.0 at 1.66000 49.55% ($1,100.00) Profit
BIDU Options Sell to close 10.00 (3.50%) of BIDU Oct 18 2014 Put 212.5 at 7.20000 2.86% ($200.00) Profit
BIDU Options Sell to close 20.00 (8.65%) of BIDU Oct 10 2014 Put 220.0 at 9.00000 68.22% ($7,300.00) Profit
CTRP Options Sell to close 15.00 (2.61%) of CTRP Oct 18 2014 Put 59.0 at 3.35000 21.82% ($900.00) Profit
LNKD Options Sell to close 10.00 (2.17%) of LNKD Oct 03 2014 Put 210.0 at 4.35000 2.35% ($100.00) Profit
GS Options Sell to close 10.00 (1.69%) of GS Oct 10 2014 Put 185.0 at 3.35000 26.42% ($700.00) Profit
CTRP Options Sell to close 15.00 (2.32%) of CTRP Oct 18 2014 Put 59.0 at 3.00000 9.09% ($375.00) Profit
CLVS Options Sell to close 10.00 (2.24%) of CLVS Oct 18 2014 Call 45.0 at 4.30000 30.30% ($1,000.00) Profit
BIIB Options Sell to close 10.00 (4.52%) of BIIB Oct 18 2014 Put 330.0 at 8.90000 13.38% ($1,050.00) Profit
TIBX Options Sell to close 60.00 (8.31%) of TIBX Oct 18 2014 Call 21.0 at 2.60000 52.94% ($5,400.00) Profit

If your not a member yet, you can get more details from my product page: please click here. If you are already a member, you can access full trade history under the “Portfolio” section.

For the week, the Dow was down 103.46 points; SPX dropped 14.95 points; Nasdaq fell 36.56 points. Gold fell below $1190/ounce while oil (WTI) tumbled below $90/barrel! At the time of this writing, Asian markets were up. Here’s how the US markets closed on Friday:

SPX


SPX climbed +21.73 points to close at 1967.9. Its daily MAs slid, while its MACD flattened.

Nasdaq


Nasdaq popped +45.43 points to close at 4475.62. It closed just below its 30-day MA.

Although both SPX and Nasdaq got a solid bounce on Friday, both indices still closed below their respective daily MAs. For the new week…

If you’d like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).

Markets Bounce Back From Morning Weakness! SPX, Nasdaq, BIDU, AAPL, POT, TSLA, GPRO, MBLY, CREE

After yesterday’s big falloff, markets opened with continued weakness in the morning.  We started locking in profits in the afternoon, after lunch, on the downside plays.  Our timing was just about perfect!  Here are the closed trades for today:

We briefly traded BIDU puts yesterday and went back in today for an intraday +48% gain.  Our POT puts from Tuesday rendered gains as high as +69%!

The Ecstatic Plays portfolio continues to grow at a fast pace.  It’s been 2 days and 2 months and it’s up +111%!  Click here to see more.

After we took profits on our downside plays, I sent out some instant messages to my members:

Happy Trading HappyTrades
market
testing 1930…

12:00 PM – October 02, 2014 • 9 hours ago • Premium content

Happy Trading HappyTrades
take it easy for now…

12:02 PM – October 02, 2014 • 9 hours ago • Premium content

Sure enough, markets started to bounce right after.  This bounce was quite impressive actually, with SPX coming all the way up to test 1950.  That’s more than 20 points intraday, as SPX traded as low as 1926 today!

The Dow closed down 3.66 points; SPX was flat; Nasdaq gained +8.11 points:


SOXX (semiconductor) and BTK (biotech) were among the losing sectors today.  OIH (oil services) stayed weak.  FDN (internet) bounced back to positive.

SPX


SPX was flat for the day at 1946.17.  The MACD and daily MAs slipped.

Nasdaq

Nasdaq gained +8.11 points to close at 4430.2.  It fell to as low as 4367.74 and bounced back!

It looks like the market is positioning itself in a neutral zone ahead of tomorrow’s job report.

Here are some interesting stocks on my radar.  TSLA was up +4.65% today as the company’s CEO Musk sent out a teaser message unveiling “the D“.  Interesting move.  We’ll be keeping a watch on this.  GPRO has been rising non-stop, and has doubled in a month, from about $45 to as high as $93.7!  With a two-day pullback, GPRO traded as low as $79.13 today and closed at $85.46.  MBLY is shaping up really well, up $2 today.  CREE tumbled 12% today after it gave a revenue warning.

Tomorrow should be another volatile day with jobs report coming out.  Given how strongly the bounce was today, I’d be careful chasing downside trades if the market gaps lower.  However, if the market gaps up, it will be very interesting!  Please stay tuned!

Good night and HappyTrading! ™

It’s Official! MyHappyTrading Is Now on Marketfy!!

Hello to members of both MyHappyTrading and Marketfy!

MyHappyTrading has officially moved and joined Marketfy.com!

I have been trading options for almost 20 years. I recently joined Marketfy.com, and started trading a portfolio called Ecstatic Plays on August 1, 2014. In just two months, this portfolio has doubled. Here’s the portfolio’s performance as of October 1, 2014:

This product is for active traders, which means you are looking to trade at least a few times a week. You are passionate about making money on the stock market! You have been trading options for at least a couple of years. I emphasize on the importance of having a cash position (at least 50% of your portfolio at all times), because on a day-to-day basis, there could be unforeseen, unusual stock movements that we might want to take advantage of. Trading options can be very risky and you could see big movements in your positions. Having cash will allow you to have the “fire power” to react in case something goes against your positions.

I use both fundamentals and technicals. But, I rely on technical analysis to decide entry and exit points. You can find some of the technical analysis strategies that I employ in a book that I wrote:

Wouldn’t You Like to Know Where the Market is Heading?
Click here for Kindle

Click here for all other formats

As a subscriber, you can expect to start receiving:

Blog Articles: I write 2 to 3 articles a week, including a Market Forecast on the weekend to discuss the market’s outlook in the coming week .

Trade Alerts: You will receive real-time electronic alerts for all the trades that I place in this portfolio. Each alert can be delivered via email or SMS, depending on how you set up your account.

Portfolio: Check out the current holdings and trade records in the portfolio.

Real-time Messages: Throughout the week, during trading hours, I may send out some text messages about the overall market, individual stocks, and/or the trades I have made or am looking to make.

If you have any questions or comments, you can send me a private message by clicking the Message Me button in the top right corner of this email.

Welcome to Ecstatic Plays and MyHappyTrading,

HappyTrading! ™ (a.k.a. Andy Wang)

After A Day of Gains, Markets Slump! SPX, Nasdaq, AGN, VRX, VRTX, GPRO, GOOG, NFLX, PCLN

Yesterday, stocks popped higher a logged in the best day in weeks.  Today, in was a complete reversal, and more!  Stocks fell from the opening, and just kept falling.  There may be a million seemingly logical reasons that people may use to try to explain today.  But, this isn’t unusual, given where the charts were at.  We’ll take a look in a minute.

Major sectors were weak across the board:  financials, internets, metals, energies, you name it!  Just the day before, biotechs were shooting higher.  Many of them reversed yesterday’s gains today.  AGN, VRX, VRTX still stayed strong.  For the high-flying internet stocks, GOOG fell almost $13, PCLN dropped $18, NFLX lost $7.  GPRO, bucked the trend, and made yet another new all-time high, at $81.64!

The Dow was down 264.26 points; SPX fell 32.31 points; Nasdaq tumbeld 88.47 points!  We took profits on our VIX calls.  Let’s take a look at the charts:

SPX

SPX fell 32.31 points to close at 1965.99.  Its daily MAs and MACD moved lower.

Nasdaq

Nasdaq tumbled 88.47 points to close at 4466.75.  Its daily MAs and MACD also turned lower.

In the SPX chart above, you can see that just within the last 6 months, we saw 3 instances of such sharp drops.  Once in April, another one in August, and the one today!  We always have to be extra careful when the daily MAs start to bunch together after an extended run-up.

Now looking at the charts, SPX has support at between 1960-1950, while Nasdaq has support at 4450.  Being Friday tomorrow, we’ll likely see another volatile day.  Please make sure you keep lots of cash!

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, FAS, OIH, XLE, XOM, CVX, APC, APA, EOG, OXY, SLB, HAL, NOV, RIG, GS, WFC, JPM, BAC, MA, V, BIIB, CELG, ILMN, GILD

Last weekend, in my Market Forecast, I wrote:

For the new week, I think the selling pressure is increasing, especially with the Fed meeting on Tuesday and Wednesday. SPX’s initial support is between 1980 and 1970. 1950 should also see some support. Nasdaq still seems strong. 4500 should provide a solid support.

Indeed, markets came quickly down on Monday and tested those support levels. SPX hit 1980 on Monday, and buyers started to trickle back in. Nasdaq came down to test 4500 on Tuesday morning, and buyers started to come back in. On Wednesday, buyers drove the markest higher after the Fed promised to keep the rates low for “considerable time”. On Friday morning, the Dow and SPX made new all-time highs and we saw some profit-taking before the weekend.

We did pretty well for the week, starting with CMG puts. During the week, we scored an overnight +142% profit on NUE calls. Our gamble on GOOG puts, however, didn’t work out. Here are the closed trades for the week:

  • 06:45 | HappyTrading TSL ($15.00) Sold to Close 10C13 Oct 13 calls, at $2.12 +49%
  • 11:53 | HappyTrading GMCR ($135.35) Sold to Close 10C130 Oct 130 calls, at $7.60 +30%
  • 06:41 | Ecstatic Plays NUE ($58.50) Sold to Close 10C55 Oct 55 calls, at $3.71 +142%
  • 07:14 | HappyTrading PAY ($37.27) Sold to Close 09C36 Sep 36 calls, at $1.45 +45%
  • 08:33 | Ecstatic Plays CMG ($650.60) Sold to Close 09P655 Sep 655 put, at $9.50 +51%
  • 07:04 | Ecstatic Plays CMG ($655.00) Sold to Close 09P660 Sep 660 put, at $10.00 +33%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video. Thank you!)

For the week, the Dow closed up +292.23 points; SPX added +24.86 points; Nasdaq climbed just +12.19 points. Gold fell again, closing around $1215/ounce. Oil was basically unchanged at $92/barrel. At the time of this writing, Asian markets were sliding. US markets closed at new all-time highs last week. Let’s take a look:

SPX

SPX added 0.96 point to close at 2010.4. Its MACD and daily MAs were slightly up.

Nasdaq

Nasdaq fell 13.64 points to close at 4579.79. Its daily MAs and MACD were flat.

Both SPX and Nasdaq managed to close above their daily MAs. Although there was a bit of pullback on Friday, SPX still closed at a new weekly closing high. 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 9/21/2014.

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FDN, IGV, TAN, FAS, WFC, JPM, GS, V, MA, GOOG, FB, TWTR, NFLX, FSLR, CSIQ, SCTY, TSL, ADBE, MSFT, CTXS, CRM, RHT

It was another choppy week, but buyers were still buying whenever SPX got close to 1980. In my Market Forecast last weekend, I wrote:

For the new week, I think consolidation will continue. The MACD is still flat. AAPL’s event on Tuesday may draw some speculations, but I wouldn’t rule out people selling on news. On the other hand, internet stocks should do well as we get closer to Alibaba’s IPO.”

Internet stocks and AAPL helped to Nasdaq to hold its levels, although Friday’s weakness was quite broadly based. Commodity sectors were weak and dragged down the overall market. Nevertheless, we did really well, scoring another week of strong trades with 100% winners! We traded on both sides and caught nice overnight gains in SCTY and SINA calls. HLF puts gave us an +78% profit. Here are the closing trades for the week:

  • 08:02 | Ecstatic Plays SCTY ($74.10) Sold to Close 10C72.5 Oct 73 calls, at $5.30 +26%
  • 06:54 | HappyTrading SINA ($48.80) Sold to Close 10C47.5 Oct 48 calls, at $3.05 +69%
  • 07:17 | HappyTrading RGLD ($71.70) Sold to Close 09P75 Sep 75 put, at $3.60 +26%
  • 07:11 | Ecstatic Plays NOV ($81.55) Sold to Close 09P82.5 Sep 83 put, at $1.50 +7%
  • 08:46 | Ecstatic Plays MNST ($91.00) Sold to Close 09C87.5 Sep 88 calls, at $4.10 +46%
  • 08:39 | Ecstatic Plays CMG ($665.00) Sold to Close 09P665 Sep 665 put, at $9.00 +14%
  • 07:41 | HappyTrading HLF ($45.50) Sold to Close 09P52.5 Sep 53 put, at $7.40 +78%
  • 06:46 | HappyTrading SPY ($199.10) Sold to Close 09P200 Sep 200 put, at $2.40 +26%
  • 07:22 | HappyTrading HLF ($47.80) Sold to Close 09P52.5 Sep 53 put, at $4.85 +17%
  • 06:56 | HappyTrading FEYE ($34.00) Sold to Close 09C33 Sep 33 calls, at $1.90 +32%
  • 08:02 | HappyTrading RGLD ($71.70) Sold to Close 09P75 Sep 75 put, at $3.90 +37%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video. Thank you!)

For the week, the Dow was down 149.85 points; SPX fell 22.71 points; Nasdaq barely slid 15.3 points. Gold fell sharply to close near $1230/ounce. Oil didn’t fare well either, dropping to below $92/barrel. At the time of this writing, Asian markets were trading lower as the latest batch of economic data from China showed possible slowdown in it economy. Here’s how the US markets closed on Friday:

SPX

SPX fell 11.91 points to close at 1985.54. Its 10-day MA and MACD went down.

Nasdaq

Nasdaq dropped 24.21 points to clsoe at 4567.6. It closed below its 10-day MA.

The broader market showed weakness on Friday. Both SPX and Nasdaq closed below their respective 10-day MAs. Nasdaq was, however, still stronger, held up by internet stocks and AAPL, as mentioned above. 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 9/14/2014.

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XME, FDN, FB, AMZN, GOOG, PCLN, TWTR, CTRP, YELP, X, NUE, STLD, EOG, OXY, NOV, SLB, APC, APA

Markets continued to trade in a tight range. Nevertheless, SPX managed to finish the week at a record close! Last weekend, in my Market Forecast, I wrote:

For the new week, I think the markets will continue to consolidate. Although stocks are staying strong, I think this rally needs to breathe a little more. I think it’ll be a stock-picking week.”

The broader market treaded water all week, moving up-and-down in a tight range. But, on Friday, it reversed a weak open to close at a new record high! We had another nice week with 100% of the closing trades on the profit side, including an overnight +119% trade on AMZN calls:

  • 07:24 | Ecstatic Plays GILD ($101.80) Sold to Close 09P103 Sep 103 put, at $4.00 +25%
  • 07:40 | HappyTrading SCTY ($71.50) Sold to Close 09C70 Sep 70 calls, at $4.20 +40%
  • 07:36 | Ecstatic Plays AMZN ($349.00) Sold to Close 09C340 Sep 340 calls, at $12.50 +119%
  • 06:38 | Ecstatic Plays AMZN ($347.60) Sold to Close 09C340 Sep 340 calls, at $10.60 +86%
  • 09:39 | HappyTrading LNKD ($227.65) Sold to Close 09C225 Sep 225 calls, at $7.25 +5%
  • 07:54 | Ecstatic Plays MNST ($90.30) Sold to Close 09C87.5 Sep 88 calls, at $4.00 +43%
  • 07:51 | HappyTrading LNKD ($228.00) Sold to Close 09C225 Sep 225 calls, at $7.68 +11%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video. If you’d like to get a 2-week FREE trial of our services, please email us at: support@myhappytrading.com. Thank you!)

For the week, the Dow was up +38.91 points; SPX added +3.34 points; Nasdaq climbed +2.63 points. Gold took a big fall on Tuesday and closed the week around $1268/ounce. Oil also fell, ending below $93/barrel for the week. On Monday, Asian markets were mixed. China was on holiday. Let’s take a look at where the US markets closed after Friday:

SPX

SPX added +10.06 to close at 2007.71, a record close!

Nasdaq

Nasdaq gained +20.61 points to close at 4582.9. It closed above its daily MAs. Its MACD was flat.

Both SPX and Nasdaq traded in a tight range last week, but, managed to close the week on a good note. 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 9/8/2014.