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Weekly Wrap-up: MU, LULU, PCP

We had another successful week last week, with most of the closed trades profitable and pushing this portfolio to nearly +19% in just two months!

Here are the closed trades:

MU Options Sell to close 15.00 (3.39%) of MU Dec 20 2014 Call 32.0 at 2.74000 33.01% ($1,020.00) Profit
MU Options Sell to close 15.00 (3.42%) of MU Dec 20 2014 Call 32.0 at 2.70000 31.07% ($960.00) Profit
LULU Options Sell to close 10.00 (2.97%) of LULU Dec 20 2014 Call 45.0 at 3.50000 25.00% ($700.00) Profit
LULU Options Sell to close 15.00 (4.70%) of LULU Dec 20 2014 Call 45.0 at 3.70000 32.14% ($1,350.00) Profit
PCP Options Sell to close 20.00 (9.25%) of PCP Dec 20 2014 Call 230.0 at 5.70000 18.75% ($1,800.00) Profit
EOG Options Sell to close 10.00 (3.00%) of EOG Dec 20 2014 Call 97.5 at 3.40000 -24.44% ($-1,100.00) Loss

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XRT, XLE, BTK, BLK, GS, WFC, BAC, JPM, APA, NOV, HES, EOG, APC, OXY, BIIB, GILD, CELG, VRTX, BMRN, ILMN, AMZN, AAPL, OSTK, EBAY

Once again, markets made new highs last week. Things faltered a bit on Monday, but, buying continued on Tuesday. Wednesday saw a quick pullback in the morning, but, things leveled out in the afternoon and glided higher on Thursday. Friday brought a big jump as China’s rate cut inspired the bulls.

We had another mixed week. But, we are still trading very small, holding mostly cash. Here are the closed trades for the week:

GLD Options Sell to close 10.00 (1.42%) of GLD Dec 20 2014 Call 114.0 at 2.92000 -14.12% ($-480.00) Loss
GILD Options Sell to close 5.00 (0.61%) of GILD Nov 28 2014 Put 102.0 at 2.50000 15.74% ($170.00) Profit
GILD Options Sell to close 5.00 (0.59%) of GILD Nov 28 2014 Put 102.0 at 2.41000 11.57% ($125.00) Profit
APA Options Sell to close 10.00 (2.06%) of APA Dec 20 2014 Call 72.5 at 4.30000 45.76% ($1,350.00) Profit
AMZN Options Sell to close 5.00 (1.65%) of AMZN Nov 28 2014 Call 330.0 at 6.75000 22.73% ($625.00) Profit
FAS Options Sell to close 10.00 (0.74%) of FAS Nov 22 2014 Put 117.0 at 1.50000 -11.76% ($-200.00) Loss
SLB Options Sell to close 10.00 (0.45%) of SLB Nov 22 2014 Call 95.0 at 0.90000 -64.57% ($-1,640.00) Loss
TSLA Options Sell to close 5.00 (0.33%) of TSLA Nov 28 2014 Call 260.0 at 1.34000 -72.65% ($-1,780.00) Loss
AMGN Options Sell to close 10.00 (0.25%) of AMGN Nov 22 2014 Put 157.5 at 0.50000 -78.26% ($-1,800.00) Loss
BIDU Options Sell to close 10.00 (2.02%) of BIDU Nov 22 2014 Put 245.0 at 4.20000 -27.59% ($-1,600.00) Loss
AMZN Options Sell to close 5.00 (0.51%) of AMZN Nov 22 2014 Call 330.0 at 2.10000 -70.42% ($-2,500.00) Loss
NFLX Options Sell to close 10.00 (3.75%) of NFLX Nov 22 2014 Call 385.0 at 8.00000 22.14% ($1,450.00) Profit

Our other portfolio, Happy Trades, did much better this week, and with trades that are much less risky (Click here to see the Weekly Wrap-Up report from Happy Trades).

The Dow added +175.32 points; SPX added +23.68 points; Nasdaq gained +24.34 points. Gold bounced to near $1200/ounce. Oil finally found a breather in its drop, closing at around $76.8/barrel. At the time of this writing, Asian markets were mostly up. Here’s where the US markets stood after Friday’s close:

SPX

SPX added +10.75 points to close at 2063.5. The MACD was still flat.

Nasdaq

Nasdaq gained +11.1 points to close at 4712.97. The MACD was down slightly.

The market indices got a nice pop on Friday, but, could not hold on to most of the gains. For the new week…

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

Happy Trades Booking in Profits! LULU, PCP, BID

It’s been almost 2 months since I started trading this Happy Trades portfolio.  It is now up almost +19%!  Here’s a chart of this portfolio’s performance against SPX:

The percentage of profitable trades is 83.8%, which means better than 8-out-of-10 trades are profitable!

Yesterday and today, we locked in some profits on LULU and PCP:

The market is very volatile right now.  It is good to trade slower and hold lots of cash.  This portfolio trades options that are at least 2 months out.  So, we can make plays more leisurely, especially when the market is so volatile.

After the market, BID announced that it’s CEO is stepping down.  The trading reaction on the news is positive.  BID is trading up by more than +7%!  We will be looking at this tomorrow morning.

Good night and HappyTrading! ™

Retail Stocks Rally! RL, LULU, BBY, BBBY, ROST, SHLD, GPRO, GMCR. GME, SPLK

Posted on Nov. 20, 2014, 7:03 p.m. on Marketfy.com
Markets opened lower today as the latest economic data from China and Europe were weaker than expected. However, within the first 30 minutes of trading, buyers came in and drove stocks right back up.

Retail stocks were among the leaders. RL has been sailing up for the past 3 weeks! LULU had a little breakout this morning and we locked in our profits in the Happy Trades Portfolio. BBY jumped +7% after delivering a strong quarter and forecast. SHLD added +3.55% on good earnings. BBBY added +1.91%. After the market, ROST popped +5.52% after topping its earnings estimates.

GPRO continued to drop, falling more than 9% today. This came after the company made a secondary public offering at $75/share. GMCR fell more than $11 after its CFO departure announcement.

After the market, GME fell almost 11% as it missed its earnings estimates and cut is outlook. I think GME could be heading to $36! SPLK shares vaulted almost +6% after giving a strong forecast! SPLK has a lot more room to rise!

Please CLICK HERE to read more…

A Market That Doesn’t Come Down! SPX, Nasdaq

Visit my services on MyHappyTrading.com
The recent sharp drop in September and October suddenly seems very distant in memory!  Since the intraday low on October 15 when SPX touched 1820, the broader market has rallied back with vengeance and set new all-time highs for consecutive days!  (Click here to see a related article from Ecstatic Plays.)

SPX

Nasdaq also continued to push higher, even stronger than the broader index.  But, it still has a little distance to go to catch its all-time high set back in 2000.

Nasdaq

Comparing SPX to Nasdaq, we can see that both experienced a V-shaped recovery.  Another quick pullback also happened back in July/August, although that one was much shallower.

This week, SPX seems to be slowing down a bit, trading in a narrow range.  But, Nasdaq is still gliding up.  We have been trading small, as things have been range-bound in volatile trading.  I think it is good to hold cash right now.  We need to be patient and wait for clearer signals.

Good night and HappyTrading! ™

Another Day, Another New High! XRT, WMT, FOSL, LULU, RL, HAL, BHI

Visit my services on MyHappyTrading.com
The market has been gliding higher and higher.  Both the Dow and SPX made new all-time highs again today!  But, hey, who is tracking any more?  Investors have come to expect to buy on any pullback, it seems.  SPX went above 2046 in the morning, and the Dow broke 17,700!  Nasdaq also kept going higher, but, still a little distance away from its all-time high set back in 2000.

The retail sector has really been helping the overall market.  FOSL made a big pop yesterday after reporting its earnings.  Today, WMT jumped +4.72% on beating its earnings expectations.  Tagging along these past couple of days was LULU, which saw a breakout yesterday and hit above $46 this morning.  RL has been really strong, and it looks like it will go higher.  

XRT

XRT, the ETF for the retail sector set a new all-time high this morning.

The Dow was up +40.59 points; SPX added +1.08 point; Nasdaq gained +5.01 points (Click here to see a related article from Happy Trades):

XME (metals and mining) was down 1.73%.  USO (oil) fell another 2.92%.  UNG (natural gas) lost 4.36%.  TAN (solar) dropped 1.75%.  However, the overall market was up!

Things were actually slightly in the red.  But, in the last 30 minutes before the market closed, news came out that HAL is working on a deal to buy BHI!  The whole energy sector jumped on the news, although some backed off a bit after the initial knee-jerk reaction.  The energy sector has been extremely weak.  Now, we may see some buyers come in tomorrow!  So, we will be monitoring the energy stocks.

Good night and HappyTrading! ™

LinkedIn (LNKD) Earnings Play Explained, +286% Profit

LinkedIn (LNKD) reported earnings on Thursday after market.  The report, from a very general perspective, is perhaps less than stellar.  Its quarterly profit was 52 cents a share, above average estimate of 47 cents.  However, it did post a net “loss” of 3 cents a share.  Its revenue forecast for the next quarter will be $600-$605 million, which also missed the average projection of $611.8 million.

So, why did the stock go up so much?  Fundamentally, investors (or, should I just say “people who are driving this stock) chose to focus the company’s rise in membership.  Its membership went up 6.1%

On Friday, LNKD quickly hit my target of $230, and I locked in the profit:

A nice +286% gain, or at 5 contracts, a $9150 profit!

Posted on Nov. 1, 2014, 5:20 p.m. CLICK HERE to read the rest of the article.

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! ™