Skip navigation



mht_banner_moving.jpg Subscribe to "Happy" Membership     Subscribe in a reader FREE     Subscribe via Email FREE

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, TLT, GLD, MS, STI, STT, GOOG, AMZN, BRCM, QCOM, FB, YHOO, XLNX, CTXS, LLY, ALTR, EBAY, HAL

The markets were very volatile last week. On Monday, stocks opened higher, but, closed down. On Tuesday, stocks opened lower, but, closed up. On Wednesday, stocks jumped, but, could not break out on Thursday. Friday was met with a steep sell-off.

In my Market Forecast last weekend, I said,

This market has been flirting with the top of this trading range for a while now. It’s difficult to say if it’s got enough fuel to escape from the gravity of this trading range.”

Indeed, it seemed that the market shared and showed my sentiment. Buyers were unwilling to let the market break out with the earnings season just starting. Instead, they shifted their focus to Greece, which is still struggling to come to agreement with the IMF and EU over economic reforms required by its lenders in order to unlock the remaining bailout fund.

Nevertheless, we had another nice week, and my Ecstatic Plays portfolio value continued to push higher:

Here are the closed trades for the week:

To subscribe to Ecstatic Plays, please click HERE.

For the week, the Dow was down 231.35 points; SPX fell 20.88 points; Nasdaq lost 63.77 points. Oil (WTI) had a strong week and traded above $55/barrel. Gold slid a bit, but, still closed above $1200/ounce. At the time of this writing, Asian markets were mixed. Here’s how the US markets closed on Friday:

SPX

SPX fell 23.81 points to close at 2081.18. Its daily MAs flattened and the MACD went down.

Nasdaq

Nasdaq dropped 75.98 points to close at 4931.81. It closed below its daily MAs.

Both market indices seem to be testing their respective initial support levels. For the new week…

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

NFLX Soars More Than 18%! NFLX, SLB, GS

Yesterday afternoon, NFLX reported strong subscriber additions, sending its stock flying.  Today,
an analyst from FBR slapped on a $900 price target for NFLX.  NFLX shares ended the day up more than +18%.

We didn’t hold any position on NFLX before earnings, because NFLX options were very expensive and it was difficult to gauge how much the stock was going to jump ahead of the report.  But, after seeing the reaction after the report, it was clear that shorts were going to get squeezed.  We did some nice day trades today.  We traded NFLX calls a few times:

We also bought YOKU, which offers online television platform and online video services in China.  These we held before NFLX earnings as there was hardly any premium on the options, and the reward-to-risk ratio was high.  This also turned out well for us, and gave us a nice overnight +65% gain:

My Ecstatic Plays portfolio value continues to make new highs:

The portfolio is now up +158% in the last 356 days and up +13.83% for 2015.  To find out more about my services,
please click HERE.

The market seems to be “breathing” right now.  Buyers were unwilling to push the broader market higher.  It looks like people are waiting to see what next week would bring when more earnings come in.  Also, SPX 2100 could be a psychological barrier.  Energy stocks took a pause today.  After the market, SLB traded higher after giving better-than-expected forecast.  Financials were unstable and traded flat, even though GS reported strong earnings

Good night and
HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, GLD, FDN, XME, WFC, JPM, GS, BLK, C, PNC, INTC, ASML, STLD, NFLX

Markets had a strong week last week. Stocks rallied higher on Monday, but, faltered and traded in a tight range until Thursday afternoon. Surprisingly, they pushed higher on Friday for a strong weekly close.

We made some nice trades this week and my Ecstatic Plays portfolio value made a new all-time high!

Our CHL calls made a +127% profit and TSLA calls garnered +112.6% gain. Here are the closed trades for the week:

For the week, the Dow was up +294.41 points; SPX added +35.1 points; Nasdaq gained +109.04 points. Gold got a good pop on Monday and ended the week up, trading above $1200/ounce. Oil (WTI) also bounced, closing above $51/barrel. Let’s at a look at the US markets:

SPX

On Friday, SPX added +10.88 points to close at 2102.06. It closed above its daily MAs. Its MACD went up.

Nasdaq

Nasdaq gained +21.41 points to close at 4995.98. Its daily MAs and MACD turned up.

Both indices made advances for the week. They are now, once again, at the top end of the trading range since February. For the new week…

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

Some Big Movers: EOG, TSLA, PANW, CYBR, TWTR, CLVS, FDX

Stocks have been most positive so far this week.  Energy stocks have bounced, and oil spiked up over the past two days with Brent testing $60/barrel and WTI trading at around $53/barrel.  We trade EOG calls in my
Happy Trades portfolio and booked a +81.78% profit:

TSLA jumped about on Monday as the company said that
it sold over 10,000 of its Model S cars.  We held TSLA calls over the weekend and took a +112.56% profit in my Ecstatic Plays portfolio:

Today, FDX announced that it will buy
TNT Express for $4.8 billion to expand into Europe.  FDX stock jumped +2.7% on the announcement.  Internet security stocks caught buyers today, as PANW went up +2.25% and CYBR popped more than +8%.

TWTR vaulted +4% higher today on takeover rumors.  Biotech stocks more on the rebound today.  CLVS traded up +8% as
the company received a “breakthrough” status for its ovarian cancer drug.  BIIB added almost $5.  ALXN was up more than +3%.  VRTX gained more than +2%.

Stocks were showing strength until the afternoon.  But, big winners mentioned above still kept most of their gains.  The broader market overall is still neutral.  So, we may see some volatile days ahead.  We are still mostly in cash.  Let’s be patient and see if the market shows clearer signals.

Good night and HappyTrading! ™

Red Hat Jumps 10 Precent! RHT, BIDU, CELG, SWKS, LULU, AMGN

The markets have been really volatile this week.  Selling pressure mounted late Tuesday.  On Wednesday, stocks were in a free fall.  We had positions on both sides, and we quickly added puts on Wednesday morning.  We also kept a lot of cash, which allowed us to react to the market’s sharp sell-off.

Our BIDU puts gave us an overnight
+74,85% profit:

We also picked up CELG, AMGN, and SWKS puts on Wednesday for some nice intraday gains.  Here are some of those exits, as we locked in partial profits:

Late yesterday, while the market was still selling off, I noticed that big buyers started buying RHT. I notified my members to pick up RHT calls.

After the market,
RHT reported strong earnings and gave solid guidance. Today, RHT jumped +10%, and we locked in an nice overnight profit again:  

This morning, we also picked up LULU calls, after
the company reported a strong quarter.  We did a quick intraday trade and exited the trade near the high of the day:

This market is volatile.  So, we trade on both sides, while keeping lots of cash.  The trades that I publish are not big right now, mostly 10 to 30 contracts.  I also encourage my members to keep lots of cash.  In the
Ecstatic Plays portfolio, I have been keeping about 85-90% cash for months now.  This allows me to react when things turn.  Having positions on both sides also helps.  (To subscribe to my services, please CLICK HERE.  If you use the coupon code “SAVE” before April 1, 2015, you can get a 90% off on the first month.  If you are ready to jump in and commit to a yearly subscription, the coupon code “YEARLY” will give you an additional 17% off.)

This market now is a stock-picking environment, with the potential for a correction.  We added some downside protection today.  After locking in profits yesterday and today, we are now about 95% cash.

Good night and HappyTrading! ™

KITE Flying High! KITE, JUNO, BLCM, BLUE

Shares of Kite Pharma, Inc. (KITE) popped nearly +16% today, after
the company announced acquisition of a privately held Netherlands-based biotechnology company, T-Cell Factory B.V.  This may not have been the only reason.  Juno Therapeutics (JUNO) said today that it expects to have 10 product candidates in clinical development directed at six different cancer-associated antigens.  Other stocks in the same space, such as BLCM and BLUE also soared.  BLCM was up more than +6% and BLUE gained almost +5%.

We picked up some KITE April calls this morning and already locked in some nice intraday profits:

Earlier this week we also locked nice profits on JAZZ and MYL.  JAZZ calls garnered +59.78% profit, and MYL gave us a +120.62% gain:

My Happy Trading portfolio is a nice product for the biotech stocks.  This portfolio is geared towards “leisure” traders/investors.  In this product, I trade mainly options that are at least one month out in due dates.  Since it’s difficult to know when these biotech stocks will move, although they seem to be moving quite a bit recently, and the options are not cheap, it is good to give ourselves sometime for the trades to work out.

To subscribe to this product, please visit the product page by
CLICKING HERE.

Good night and
HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, SOXX, GS, BAC, WFC, JPM, STI, PNC, MA, V, C, EOG, APA, APC, HES, OXY, NOV, RIG, DO, BIIB, CELG, AMGN, REGN

Last weekend, in my Market Forecast, I said,

For the new week, I think we will see more volatility. For SPX, 2070 is a support, below which the next support lies at 2050. Nasdaq has support first around 4900, then at around 4850. This could be a struggle. There will be profit-takers locking in big profits. On the other hand, there are likely still money on the sideline trying get in.”

Indeed, it was a very volatile week. The market was up on Monday. Then, it took a steep drop on Tuesday, with SPX ending below 2050. Wednesday, things slid a little more, with SPX touching 2040. But, Thursday saw a huge bounce, bringing SPX all the way back to 2065! Friday morning was weak, with SPX reeling back to below 2050. But, buyers came in in the afternoon and drop SPX back above 2050 for the close.

We had a mixed week. Here are the closed trades:

For the week, the Dow was down 107.47 points; SPX fell 17.86 points; Nasdaq dropped 55.61 points. Oil (WTI) took a big drop on Friday, closing under $45/barrel. Gold also dropped, closing below $1160/ounce. At the time of this writing, Asian markets were up, with China leading the pack, gaining +1.8%! Here’s where the US markets closed on Friday:

SPX

On Friday, SPX fell 12.55 points to close at 2053.4, above 2050. Its daily MAs and MACD moved lower.

Nasdaq

Nasdaq dropped 21.53 points to close at 4871.76. It closed just above its 30-day MA. The MACD fell.

SPX closed below its daily MAs, but, Nasdaq still managed to close just above its 30-day MA. For the new week…

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

Financial Stocks Up After Market: ACT, INTC, MYL, ICPT, GEVA, KITE, AXP, C, GS, MS

After market today, banks traded higher.  Fed has approved plans by various banks to raise dividends and buy back shares.

After the market, C jumped +2.62%; MS popped nearly +3%.  GS and AXP also traded up.  AXP announced a $6.6 billion share buyback plan.

After Tuesday’s steep selloff, stocks struggled to find footing, ending the day slightly in the red.  But, financials bounced and even energy stocks were up slightly.

Major market indices slid.  SPX closed barely above 2040, but, Russel 2000 closed in the green.  


Biotech (BTK) was still strong.  ICPT was up over +6%.  ACT gained +1.8%.  MYL jumped +6.68%.  I still like GEVA and KITE.  Semiconductors (SOXX) also did well, with INTC gaining +2%.

The market is very volatile right now.  So, we will be much more cautious.  I am not looking to make a lot of trades this week, as the intraday volatility is high.  As discussed in the Market Forecast, we will be watching SPX 2050, which should be tested again tomorrow.

Good night and HappyTrading! ™

Another Week of Profits! FEYE, TSLA, FB, Z, PCLN

Both the Dow and SPX closed at new record highs this week!  We had a really nice week with lots of nice trades that gave us solid profits.  Besides a few trades, most of the trades this week were profitable, propelling my ”
Ecstatic Plays” portfolio also to a new record high!  FEYE, TSLA, FB, and Z calls worked out very well!

FEYE Mar 20 2015 Call 42.0 $4.45 $750.00 20.27% 02/20/2015
TSLA Feb 27 2015 Call 212.5 $6.55 $512.50 18.55% 02/20/2015
GMCR Feb 27 2015 Call 119.0 $3.65 $835.00 29.66% 02/20/2015
FEYE Mar 20 2015 Call 42.0 $4.15 $450.00 12.16% 02/20/2015
TSLA Feb 27 2015 Call 210.0 $6.60 $1,775.00 36.79% 02/20/2015
FB Mar 20 2015 Call 77.5 $3.225 $765.00 31.10% 02/19/2015
FB Mar 20 2015 Call 77.5 $3.05 $590.00 23.98% 02/19/2015
EBAY Mar 20 2015 Call 55.0 $2.655 $650.00 13.95% 02/19/2015
TSLA Feb 27 2015 Call 207.5 $6.35 $712.50 28.93% 02/19/2015
TSLA Feb 27 2015 Call 207.5 $6.175 $625.00 25.38% 02/19/2015
FB Mar 20 2015 Call 75.0 $3.80 $565.00 17.47% 02/19/2015
EBAY Mar 20 2015 Call 55.0 $2.70 $370.00 15.88% 02/19/2015
FB Mar 20 2015 Call 75.0 $3.85 $307.50 19.01% 02/19/2015
SCTY Feb 20 2015 Call 58.0 $0.035 $-1,305.00 -98.68% 02/19/2015
FB Mar 20 2015 Call 75.0 $3.725 $735.00 15.15% 02/19/2015
CELG Feb 27 2015 Call 118.0 $2.59 $205.00 8.60% 02/19/2015
FB Mar 20 2015 Call 75.0 $3.70 $930.00 14.37% 02/19/2015
Z Mar 20 2015 Call 125.0 $11.85 $1,350.00 29.51% 02/18/2015
Z Feb 27 2015 Call 115.0 $7.95 $1,025.00 34.75% 02/18/2015
Z Feb 27 2015 Call 115.0 $7.20 $650.00 22.03% 02/18/2015
VXX Mar 20 2015 Call 30.0 $2.795 $-80.00 -2.78% 02/18/2015
GOOG Feb 27 2015 Call 545.0 $6.45 $-400.00 -3.01% 02/17/2015
GPRO Mar 20 2015 Call 46.0 $5.10 $1,450.00 39.73% 02/17/2015
FEYE Mar 20 2015 Call 41.0 $4.10 $1,175.00 40.17% 02/17/2015
FEYE Mar 20 2015 Call 41.0 $3.55 $625.00 21.37% 02/17/2015
PCLN Feb 20 2015 Call 1150.0 $15.80 $1,425.00 42.99% 02/17/2015
Z Feb 20 2015 Call 105.0 $9.85 $1,850.00 60.16% 02/17/2015
WYNN Feb 20 2015 Call 155.0 $2.85 $-2,550.00 -47.22% 02/17/2015

Three trades expired worthless.  Two of which were downside protections (GLD and VXX calls).  QIHU was an earnings play.

GLD Feb 20 2015 Call 121.0 $0 $-2,180.00 02/21/2015
QIHU Feb 20 2015 Call 62.5 $0 $-6,825.00 02/21/2015
VXX Feb 20 2015 Call 33.0 $0 $-2,190.00 02/21/2015

In my
Market Forecast last weekend, I said, 
I’m looking to get more aggressive starting this week. I think a lot more of the money on the sideline will come in now.”

This is exactly what we did, and it paid off!  I have been holding mostly cash pretty much since end of November last year.  But, it is now the time to be aggressive!  Although the Dow and SPX are at new all-time highs, I think there is much more room to go higher!

I am now offering a 25% discount to the first month for both of my services “Ecstatic Plays” and “Happy Trades” on any new subscriptions.  After the first month, the auto-renewals will be at the regular prices.  Or, you may select the yearly subscriptions and get an additional 25% off on the built-in discount!  Just apply the coupon code “HAPPY2015″ at check out to any new subscriptions.  I find it odd that trading services often offer discounts on holidays.  It makes sense for department stores to give discounts on holidays as people shop for gifts.  I offer discount on my services because I think the time is easier to be trading in the market and make money.  Take advantage of this offer and catch this market breakout!

I’ll be back tomorrow with my Market Forecast for the new week.

Good night and HappyTrading! ™

A Little Rest After Another New Record? Z, PCLN, FEYE, GPRO, CYBR, SSYS, DDD, JACK, FOSL

SPX closed at another new record high today, above 2100!  We also continued to lock in nice gains.  We locked in some nice profits today, including calls on PCLN, Z, and FEYE.

GPRO Mar 20 2015 Call 46.0 $5.10 $1,450.00 39.73% 02/17/2015
FEYE Mar 20 2015 Call 41.0 $4.10 $1,175.00 40.17% 02/17/2015
FEYE Mar 20 2015 Call 41.0 $3.55 $625.00 21.37% 02/17/2015
PCLN Feb 20 2015 Call 1150.0 $15.80 $1,425.00 42.99% 02/17/2015
Z Feb 20 2015 Call 105.0 $9.85 $1,850.00 60.16% 02/17/2015

We caught also caught a nice day trade on GPRO for an intraday gain of +40%!  GPRO should test $54 soon.  Z and PCLN were nice plays as well as we locked in profits in the morning, both stocks pulled back.

We picked up some VXX calls just before the market closed today, as things may need to rest a bit.

CYBR jumped another +12% today.  FEYE also kept going higher.  I think FEYE has a lot more room to go higher.  SSYS and DDD were on the weak side, each losing more than 5% today.  I did some intraday trades on SSYS puts.  After the market, JACK jumped more than $3 as it reported strong earnings.  On the other hand, FOSL tumbled more than 13%, as it missed its earnings estimates.

For a limited time, I am offering a 25% discount on new monthly and yearly subscriptions to my services.  Just use the coupon code “HAPPY2015″ at checkout. 

Good night and HappyTrading! ™