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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FXI, IGV, FDN, TWTR, AMZN, YELP, ADBE, RHT, VMW, ACH, SOHU, CYOU, SINA, WYNN, BIDU, MA, GS, WFC, JPM, V

There were lots of big movers last week.  In addition to earnings, there were many "news" stocks, such as PBYI, HLF, Z, TRLA,… etc.  Last weekend, in my Market Forecast, I said,

"For the new week, it will be a very busy week for earnings…  NFLX is expected to do well.  So is AAPL.  If AAPL doesn’t come down, I can’t see the market coming down.  So, I think we can see more consolidation.  Again, if SPX breaks that 1985, it can set up for a new leg up."

Things pretty much went as how I said it would in the forecast.  On Tuesday, SPX went above 1985.  On Thursday, SPX set a new all-time high at 1991.39!  But, on Friday, markets took a breather, leaving the SPX essentially unchanged for the week.

We had a really nice week with a couple of triple-digit gainers, LNKD calls +152% and FB calls +160%.  We trade FB really well by holding Aug calls for a couple of weeks ahead of earnings.  We cashed the Aug calls out the day before the earnings and used the profit to buy July weekly calls, which reduced our risk down to "0".  We hit an overnight profit of +160%.  Here are the closed trades for the week:

  • 07:26 | Ecstatic Plays SCTY ($73.30) Sold to Close 0801C170 Aug 170 calls, at $4.75 +44%
  • 06:33 | Ecstatic Plays LNKD ($177.50) Sold to Close 0725C170 Jul 170 calls, at $7.55 +152%
  • 06:39 | Ecstatic Plays LNKD ($174.00) Sold to Close 0725C170 Jul 170 calls, at $4.55 +52%
  • 06:31 | HappyTrading FB ($76.00) Sold to Close 0725C70 Jul 70 calls, at $7.00 +160%
  • 07:30 | HappyTrading SINA ($49.40) Sold to Close 08C47.5 Aug 48 calls, at $3.50 +29%
  • 07:11 | HappyTrading FB ($70.20) Sold to Close 08C65 Aug 65 calls, at $6.55 +56%
  • 08:58 | Ecstatic Plays VMW ($96.75) Sold to Close 08C95 Aug 95 calls, at $6.00 +50%
  • 07:26 | Ecstatic Plays HLF ($57.00) Sold to Close 0725P52.5 Jul 53 put, at $1.50 -54%
  • 07:21 | HappyTrading FB ($69.20) Sold to Close 08C65 Aug 65 calls, at $5.80 +38%
  • 06:49 | HappyTrading SINA ($49.00) Sold to Close 08C47.5 Aug 48 calls, at $3.40 +25%
  • 06:32 | HappyTrading BIDU ($199.80) Sold to Close 0725P190 Jul 190 calls, at $12.00 +35%
  • 07:02 | HappyTrading BIDU ($196.50) Sold to Close 0725C190 Jul 190 calls, at $9.75 +10%
(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video.  Don’t forget to check out the "Buy-one-get-one-FREE" deal!)

For the week, the Dow was down 140.24 points; SPX was up +0.12 point; Nasdaq gained +17.41 points.  Gold finished slightly down, but, managed to stay above $1300/ounce.  Oil was essentially unchanged.  Asian markets were mostly higher on Monday, led by China with a +2.41% pop!  Here’s where the US markets stood after Friday’s close:

SPX

On Friday, SPX dropped 9.64 points to close at 1978.34.  It closed just above its daily MAs.  The MACD fell.

Nasdaq

Nasdaq slipped 22.54 points to close at 4449.56.  Its daily MAs were little changed.

Both SPX and Nasdaq closed above their respective daily MAs.  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 7/27/2014.

Can Nasdaq Push Higher? SPX, Nasdaq, FB, AMZN, BIDU, V, DECK, SBUX, MLNX, GLD, Z, TRLA

SPX made another new all-time high yesterday, breaking above 1991!  FB made a new all-time high as well.  We locked in a nice overnight gain of +160%!  We cashed out on FB August calls and used the profit to buy cheaper weekly calls, which brought our risk down to "0"!  LNKD calls also did well yesterday!

  • 06:39 | Ecstatic Plays LNKD ($174.00) Sold to Close 0725C170 Jul 170 calls, at $4.55 +52%
  • 06:31 | HappyTrading FB ($76.00) Sold to Close 0725C70 Jul 70 calls, at $7.00 +160%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video.  Don’t forget to check out the "Buy-one-get-one-FREE" deal!)

The major market indices were little changed:

HGX (housing) tumbled 2.73%.  BTK (biotech) pulled back 1.53%.  SOXX (semiconductor) fell 1.53%.  FDN (internet) and IGV (software) gained about +1%.  GLD (gold) fell 1.01%.

Nasdaq

It looks like Nasdaq is testing the recent high.  4500 could be a tough resistance for Nasdaq to break.  Last night’s earnings were mixed.

AMZN is down more than 10% after reporting a quarterly loss!  AMZN share price targets were lowered by many analysts!  V traded lower after giving a lower-than-expected revenue forecast.  DECK shares traded higher by more than $5 reporting a solid quarter and raising its guidance!  SBUX trade about 2% lower even after beating its earnings estimates; its guidance was a bit soft.  MLNX traded up by +6.44% after delivering earnings that were inline with the estimates.  Z and TRLA both jumped higher on rumors that Z is in advanced talks to buy TRLA for $2 billion!  Z vaulted +15% and TRLA popped +32%!

The market indices may need to take a pause, but, it seems like there are lots news stocks to make this a busy Friday!

Good morning and HappyTrading! ™

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AAPL Rises, FB Beats, SPX at New All-Time High, Biotechs Roar! SPX, Nasdaq, AAPL, FB, BIIB, CMG, XLNX, ISRG, CELG, TRIP, BIDU, SINA, VMW

This market just keeps pushing higher and higher!  SPX made a new all-time high again, at 1989.23, just shy of 1990!  AAPL’s blase earnings was good enough for investors buy more, up +2.61%.  Out of the gate, biotech stocks jumped.  PBYI grabbed the spotlight by gaining +295% in one day, from a previous close of $59.03 to $233.43, and an intra-day high of $241.42!  The company reported positive results in its *** cancer drug.  Just 10 contracts of Aug 65 calls would have easily turned $5,900 to $160,000 to $170,000!  At the beginning of this year, ICPT jumped from around $72 to nearly $500 in just 2 days!!  BIIB’s +11% rise after a strong quarter was greatly dwarfed in comparison.  CELG climbed almost +3% ahead of its earnings.

CMG has risen about $70 since its quarterly report on Monday.  ISRG popped more than +17%, after delivering a strong quarter.  I think ISRG could be on its way to above the $500 mark!  The "ugly duckling" of the day was XLNX, which fell more than 14% of soft revenue outlook.  After the market, FB shares popped to a new all-time high, trading above $75/share, as its revenue rose +61%.

We have been locking in profits as this market keeps rising:

  • 07:30 | HappyTrading SINA ($49.40) Sold to Close 08C47.5 Aug 48 calls, at $3.50 +29%
  • 07:11 | HappyTrading FB ($70.20) Sold to Close 08C65 Aug 65 calls, at $6.55 +56%
  • 08:58 | Ecstatic Plays VMW ($96.75) Sold to Close 08C95 Aug 95 calls, at $6.00 +50%
  • 07:26 | Ecstatic Plays HLF ($57.00) Sold to Close 0725P52.5 Jul 53 put, at $1.50 -54%
  • 07:21 | HappyTrading FB ($69.20) Sold to Close 08C65 Aug 65 calls, at $5.80 +38%
  • 06:49 | HappyTrading SINA ($49.00) Sold to Close 08C47.5 Aug 48 calls, at $3.40 +25%
  • 06:32 | HappyTrading BIDU ($199.80) Sold to Close 0725P190 Jul 190 calls, at $12.00 +35%

Our calls on BIDU, SINA, VMW, and FB did really well!

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

As stocks keep climbing, more and more individual trader/investors are returning to the markets.  I’m going to bring back the good ol’ buy-one-get-one-free deal for a month!  Until the end of August, if you subscribe to a new service, you’ll get another service of your choice for FREE!

The Dow was down 26.91 points; SPX added +3.48 points; Nasdaq gained +17.68 points:

SOXX (semiconductor) went down 2.3 (after XLNX’s report).  BTK (biotech) popped +2.22%.  FDN (internet) went up slightly.

SPX

SPX added +3.48 points to close at 1987.01.  Its daily MAs and MACD went up.

Nasdaq

Nasdaq gained +17.68 points to close at 4473.7.  Its daily MAs and MACD also went up.

Are buyers chasing stocks now?  Although SPX and the Dow are at all-time highs, tech stocks still seem to have a lot of room to go higher.  FB’s strong earnings should give the internet stocks another boost tomorrow, although TRIP stumbled on its own foot as its EPS missed.  Nasdaq’s recent high was 4485.  Let’s see if it can make a new breakout!  We’ll be keeping an eye on AAPL for $100+!

Good night and HappyTrading! ™

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, GLD, IGV, FDN, V, GS, AAPL, NFLX, TXN, FB, AMZN, CTXS, MSFT, SWKS, TSLA, MA, CRUS

Markets were very volatile last week.  As expected, new heights were made!  However, things took a sharp drop when the Malaysia plane was shot down and Israel launched new attacks in Gaza.  But, on Friday, buyers came back in again and drove things right back up!

We had a very nice week, considering how volatile the markets were.  We traded on both sides, but, still calls seem render better results.  MA calls was an easy play, as V was very strong and MA was lagging.  SWKS gave us a quick intraday win, as the stock ramp up +14% after its earnings.  Here are the closed trades:

  • 07:34 | HappyTrading SWKS ($52.45) Sold to Close 08C48 Aug 48 calls, at $5.00 +67%
  • 06:48 | HappyTrading SWKS ($51.45) Sold to Close 08C48 Aug 48 calls, at $4.20 +40%
  • 06:36 | HappyTrading TLT ($114.85) Sold to Close 08C113 Aug 113 calls, at $2.28 +27%
  • 06:34 | Ecstatic Plays TSLA ($216.00) Sold to Close 07P220 Jul 220 put, at $4.20 +9%
  • 09:48 | Ecstatic Plays TSLA ($218.60) Sold to Close 07P220 Jul 220 put, at $4.05 +5%
  • 06:53 | Ecstatic Plays SCTY ($65.70) Sold to Close 07P66.5 Jul 67 put, at $1.67 -33%
  • 06:48 | Ecstatic Plays MA ($79.10) Sold to Close 08C75 Aug 75 calls, at $4.65 +55%
  • 06:45 | HappyTrading FAS ($103.80) Sold to Close 07C103 Jul 103 calls, at $1.80 -28%
  • 06:39 | Ecstatic Plays MA ($78.73) Sold to Close 08C75 Aug 75 calls, at $4.49 +50%

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

For the week, the Dow was up +156.37 points, closing above 17,000; SPX added +10.65 points; Nasdaq gained +16.66 points.  Gold pulled back to about $1310/ounce while oil bounced to $103/barrel.  Asian markets ended mixed on Monday.  Let’s take a look and see where the US markets closed on Friday:

SPX

On Friday, SPX added +20.1 points to close at 1978.22.  It closed above its daily MAs.  The MACD flattened.

Nasdaq

Nasdaq gained +68.7 points to close at 4432.15.  It closed above its daily MAs.  The MACD was flat.

Both SPX and Nasdaq came right back up to close above their respective MAs.  There certainly appears to be still buyers waiting on the sideline.  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 7/20/2014.

Markets Pull Back After Malaysia Plane Shot Down: SPX, Nasdaq, IBM, GOOG, SNDK, HUM, WLP, UNH, CF

Stocks opened lower on Thursday, but, buyers quickly came in.  However, in the afternoon, things took a quick turn to the downside, as a Malaysia plane was shot down over Ukraine, and Israel launched a ground offensive!  Both SPX and Nasdaq ended down more than 1%.

SNDK fell 13.56% after the company gave weak guidance for Q3.  On the upside, CF broke out higher, after a 3-day climb; it ended up $5.52 above $250/share.  Healthcare stocks HUM, WLP, and UNH popped higher UNH stated that it would expand private health plan products on government exchanges under the Affordable Care Act ("Obamacare").

After the market, IBM reported weaker-than-expected sales; its stock retreated 2% in after-hours trading.  GOOG delivered a solid quarter with rising revenue.  However, the trading in after-hours was muted, leaving its stock up just +1%.

The Dow was down 161.39 points; SPX fell 23.45 points; Nasdaq tumbled 62.52 points:

SOXX (semiconductor) fell 2.52%.  BTK (biotech) dropped 2.53%.  XLF (financial) lost 1.31%.

SPX

SPX sank 23.45 points to close at 1958.12.  It closed below the 30-day MA.  Its MACD fell.

Nasdaq

Nasdaq stumbled 62.52 points to close at 4363.45.  It also closed below its 30-day MA.

Both SPX and Nasdaq closed below their respective 30-day MAs.  This drop is pretty sharp.  I expect stocks to rebound a bit on Friday.  There will be buyers on pullbacks.  But, the recent quick drops should start to raise warning flags.  Already, we have been seeing some selling on strength.  Just this morning, the Dow made a new all-time high at nearly 17,150!  But, the Dow closed below 17,000.  Things are quite volatile right now.  It demonstrates that stocks are not stable at these levels, at least not for now.  Both Nasdaq and SPX are testing lows from last week.  The Dow is holding up better.  SLB dropped 1%, as its profit fell.  Let’s see how oil services do tomorrow.

Good night and HappyTrading! ™

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Weekly Wrap-Up + Market Forecast (Ready For New Heights?) + Sector Watch: SPX, Nasdaq, GLD, FDN, SMH, IGV, YHOO, EBAY, TZOO, OSTK, GOOG, SAP, CRM, VMW, BRCM, CY, ASML

In my Market Forecast last weekend, I wrote:

"Both SPX and Nasdaq pushed higher again.  But, with both indices above their respective Bollinger Bands, it may be difficult for the markets to push higher without a pullback.  For the new week, earnings season will start with AA reporting in the morning.  WFC will report on Friday morning.  Since markets have been grinding higher and are at all-time highs, earnings will need to be better-than-expected to support these levels.  First support level will be between SPX 1970 and 1950."

Stocks slid on Monday and took a quick plunge on Tuesday.  But, buyers came right back in on Wednesday.  Even another quick drop on Thursday morning due to renewed euro zone banking jitters could not deter buyers from jumping in on dips.  Although down for the week, markets bounced a bit on Friday again.

We locked in profits on the downside and cut the losses on the upside trades.  VIX calls garnered a +104% profit.  LNKD and SCTY puts returned solid gains.

  • 07:53 | HappyTrading SNDK ($103.90) Sold to Close 07P105 Jul 105 put, at $4.00 -15%
  • 06:48 | Ecstatic Plays FDO ($62.80) Sold to Close 07C65 Jul 65 calls, at $0.45 -67%
  • 06:45 | HappyTrading VIX ($13.00) Sold to Close 0716C10.5 Jul 11 calls, at $2.75 +104%
  • 08:43 | HappyTrading JKS ($27.50) Sold to Close 07C29 Jul 29 calls, at $0.80 -68%
  • 08:41 | HappyTrading LVS ($75.10) Sold to Close 07C77.5 Jul 78 calls, at $0.50 -71%
  • 07:50 | HappyTrading VIX ($12.35) Sold to Close 0716C10.5 Jul 11 calls, at $2.10 +56%
  • 07:11 | HappyTrading LNKD ($164.40) Sold to Close 07P170 Jul 170 put, at $7.50 +79%
  • 07:00 | HappyTrading LNKD ($164.60) Sold to Close 07P170 Jul 170 put, at $7.00 +67%
  • 06:50 | Ecstatic Plays SCTY ($66.90) Sold to Close 07P70 Jul 70 put, at $4.30 +72%
  • 08:39 | HappyTrading MON ($125.30) Sold to Close 07C125 Jul 125 calls, at $1.67 -46%
  • 08:30 | Ecstatic Plays SCTY ($68.30) Sold to Close 07P70 Jul 70 put, at $3.65 +46%
  • 08:05 | Ecstatic Plays GMCR ($125.10) Sold to Close 07C126 Jul 126 calls, at $2.16 -12%

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

The recent pullbacks (if we can even call them pullbacks) didn’t last for more than a couple of days.  It seems there are still a lot of buyers on the sideline.  Earnings season will kick into high gear next week with heavyweights in both financials and techs due to report.  If the earnings are good, the markets will likely pop higher again.  It begs the question:  "Are we going to see the type of market rises as we did in late 1999 and earning 2000?"  If Nasdaq pushes above 4500 to 4600, I think we might just see Nasdaq 5000 again!

For the week, the Dow was down 124.45 points; SPX fell 17.87 points; Nasdaq dropped 70.44 points. Gold traded up to about $1340/ounce, while oil sank again to near $101/barrel.  At the time of this writing, Asian markets were mostly higher.  Let’s see where the US markets closed on Friday:

SPX

On Friday, SPX added +2.89 points to close at 1967.57.  It closed just below its 10-day MA.  The MACD was down.

Nasdaq

Nasdaq gained +19.29 points to close at 4415.49.  It closed below its 10-day MA.  The MACD went down.

Both SPX and Nasdaq bounced off of Thursday’s opening low.  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 7/13/2014.

Markets Bounce After a 2-Day Slide: SPX, Nasdaq, AA, GOOG, FFIV, CELG, WLP, LNKD

Markets bounced today, after a 2-day slide.  Things were volatile in the morning, but, buyers drove stocks higher after Fed minutes showed plans to ease the U.S. economy out of an era of loose monetary policy.  AA was up +5.66% after reporting a strong quarter.  GOOG added almost $5.  FFIV gained +2.37%.  Healthcare stocks were mostly positive, with CELG climbing +2.1% and WLP adding +1.29%.

On Tuesday, we closed some losers on the upside, and at the same time locked in profits on the downside:

  • 08:43 | HappyTrading JKS ($27.50) Sold to Close 07C29 Jul 29 calls, at $0.80 -68%
  • 08:41 | HappyTrading LVS ($75.10) Sold to Close 07C77.5 Jul 78 calls, at $0.50 -71%
  • 07:50 | HappyTrading VIX ($12.35) Sold to Close 0716C10.5 Jul 11 calls, at $2.10 +56%
  • 07:11 | HappyTrading LNKD ($164.40) Sold to Close 07P170 Jul 170 put, at $7.50 +79%
  • 07:00 | HappyTrading LNKD ($164.60) Sold to Close 07P170 Jul 170 put, at $7.00 +67%
  • 06:50 | Ecstatic Plays SCTY ($66.90) Sold to Close 07P70 Jul 70 put, at $4.30 +72%

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

The Dow was up +78.99 points; SPX added +9.12 points; Nasdaq gained +27.57 points:

SOXX (semiconductor) was up +0.61%.  FDN (internet) bounced +1%.  BTK (biotech) gained +1.4%.  GLD (gold) and GDX (gold miners) were both higher.

SPX

SPX added +9.12 points to close at 1972.83.  It closed above its 10-day MA.  Its MACD was slightly lower.

Nasdaq

Nasdaq gained +27.57 points to close at 4419.03.  It closed just below its 10-day MA.

Both SPX and Nasdaq closed near their respective 10-day MAs.  Buyers seemed to be still waiting to buy on weakness.  Tomorrow morning, FDO will report.  On Friday, WFC kicks of earnings for the big banks.  Financials still look strong.  We’ll see how things react to WFC’s earnings.  It seems like the market is holding up well.  On Tuesday, SPX briefly tested 1960.  But, buyers quickly came in.  So, for now, the market seems to be in a neutral gear.  Let’s be patient and wait for better signals.

Good night and HappyTrading! ™

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Market Forecast + Sector Watch: SPX, Nasdaq, FAS, MOO, GLD, XLE, GS, WFC, BLK, PNC, MA, V, CF, MON, AGU, POT, MOS, NOV, OXY, EOG, SLB

Markets continued to grind higher last week.  Things were pretty flat on Monday.  Tuesday brought a breakout, pushing SPX above 1970.  Wednesday was another flat day.  Thursday’s jobs report were favorable and stocks rallied again!  The Dow managed to close above 17,000 on Friday, while SPX topped 1985.

For the week, the Dow was up +216.42 points; SPX add +24.48 points; Nasdaq gained +88 points.  Gold gained a bit, closing around $1317/ounce.  Oil cooled off, falling down to $104/barrel.  At the time of this writing, Asian markets were down.  Here’s where the US markets closed on Thursday (Friday was the US Independence Day):

SPX

On Thursday, SPX added +10.82 points to close at 1985.44.  Its daily MAs and MACD went up.

Nasdaq

Nasdaq gained +28.19 points to close at 4485.93.  Its daily MAs and MACD also went higher.

Both SPX and Nasdaq pushed higher again.  But, with both indices above their respective Bollinger Bands, it may be difficult for the markets to push higher without a pullback.  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 7/6/2014.

Weekly Wrap-Up + June 2014 Monthly Wrap-Up: CREE, AMZN, YELP, SINA, WHR, FAS, GS, SCTY, NFLX

 

Happy Independence Day!

Market pushed higher again, up both for first week of the 2nd half, and for the month of June!  We traded on both sides.  Calls on CREE, AMZN, YELP, SINA, FAS, and GS all produced very good results.  WHR puts gave us a +106% profit.

Here are the trades for this week:

  • 09:31 | HappyTrading CREE ($53.10) Sold to Close 07C50 Jul 50 calls, at $3.35 +46%
  • 06:35 | HappyTrading CREE ($52.50) Sold to Close 07C50 Jul 50 calls, at $3.10 +35%
  • 08:12 | HappyTrading SFLY ($49.90) Sold to Close 07C47.5 Jul 48 calls, at $3.10 +41%
  • 08:09 | HappyTrading SINA ($52.50) Sold to Close 07C50 Jul 50 calls, at $3.30 +10%
  • 07:28 | Ecstatic Plays GOOG ($583.50) Sold to Close 0703C580 Jul 580 calls, at $4.30 -19%
  • 06:34 | Ecstatic Plays AMZN ($335.70) Sold to Close 07C330 Jul 330 calls, at $10.50 +56%
  • 06:33 | Ecstatic Plays AMZN ($334.80) Sold to Close 07C330 Jul 330 calls, at $10.00 +49%
  • 07:00 | HappyTrading YELP ($78.10) Sold to Close 07C75 Jul 75 calls, at $5.10 +35%

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

These are the trades for the month of June:

  • 12:39 | Ecstatic Plays LNKD ($171.25) Sold to Close 07C170 Jul 170 calls, at $5.85 +13%
  • 07:52 | Ecstatic Plays SINA ($50.10) Sold to Close 07C47.5 Jul 48 calls, at $4.05 +13%
  • 07:19 | Ecstatic Plays SINA ($49.60) Sold to Close 07C45 Jul 45 calls, at $5.00 +49%
  • 07:28 | Ecstatic Plays SPY ($195.33) Bought to Open 0703P196 Jul 196 put, at $1.24 EXPIRED
  • 10:17 | HappyTrading AMZN ($327.00) Sold to Close 07C330 Jul 330 calls, at $6.90 +10%
  • 09:58 | Ecstatic Plays SINA ($48.60) Sold to Close 07C45 Jul 45 calls, at $4.40 +31%
  • 07:39 | HappyTrading V ($209.80) Sold to Close 0621P210 Jun 210 put, at $0.62 -59%
  • 10:23 | HappyTrading SCTY ($67.00) Sold to Close 0627C65 Jun 65 calls, at $4.00 +25%
  • 10:22 | HappyTrading YELP ($75.70) Sold to Close 07C75 Jul 75 calls, at $5.20 +18%
  • 10:17 | Ecstatic Plays QIHU ($90.70) Sold to Close 0627C90 Jun 90 calls, at $3.00 +5%
  • 10:04 | HappyTrading SCTY ($67.70) Sold to Close 0627C65 Jun 65 calls, at $4.80 +50%
  • 08:12 | Ecstatic Plays QIHU ($92.00) Sold to Close 0627C90 Jun 90 calls, at $3.80 +33%
  • 09:36 | HappyTrading FAS ($98.25) Sold to Close 06P100 Jun 100 put, at $2.30 -30%
  • 09:14 | HappyTrading WYNN ($197.10) Sold to Close 06P200 Jun 200 put, at $4.10 -1%
  • 09:06 | HappyTrading WHR ($137.00) Sold to Close 06P140 Jun 140 put, at $3.40 +106%
  • 08:59 | HappyTrading FSLR ($68.70) Sold to Close 06C65 Jun 65 calls, at $3.89 +2%
  • 08:40 | HappyTrading FAS ($95.30) Sold to Close 06P100 Jun 100 put, at $4.90 +48%
  • 08:12 | HappyTrading GMCR ($118.70) Sold to Close 06C115 Jun 115 calls, at $4.75 +20%
  • 07:26 | HappyTrading CELG ($160.70) Sold to Close 06P160 Jun 160 calls, at $1.25 -52%
  • 10:46 | Ecstatic Plays YELP ($66.00) Sold to Close 06C65 Jun 65 calls, at $2.70 -25%
  • 10:34 | Ecstatic Plays NFLX ($423.50) Sold to Close 0613P425 Jun 425 put, at $4.10 +19%
  • 10:00 | HappyTrading GMCR ($121.50) Sold to Close 06C117 Jun 117 calls, at $6.10 +54%
  • 10:39 | Ecstatic Plays TSLA ($202.30) Sold to Close 06P205 Jun 205 put, at $6.60 +21%
  • 11:03 | HappyTrading FSLR ($62.70) Sold to Close 06C60 Jun 60 calls, at $3.50 -10%
  • 06:34 | HappyTrading GMCR ($120.00) Sold to Close 06C115 Jun 115 calls, at $7.30 +147%
  • 10:17 | Ecstatic Plays AAPL ($645.00) Sold to Close 0613P647.5 Jun 648 put, at $11.00 +10%
  • 07:59 | HappyTrading GS ($165.30) Sold to Close 06C160 Jun 160 calls, at $5.70 +78%
  • 11:46 | HappyTrading FSLR ($64.20) Sold to Close 06C65 Jun 65 calls, at $1.84 -37%
  • 11:40 | HappyTrading GS ($162.90) Sold to Close 06C160 Jun 160 calls, at $3.85 +20%
  • 08:14 | Ecstatic Plays NTES ($71.20) Sold to Close 06C70 Jun 70 calls, at $2.25 +13%
  • 08:41 | Ecstatic Plays AAPL ($644.50) Sold to Close 06C640 Jun 640 calls, at $15.20 +11%
  • 08:34 | HappyTrading IBM ($184.80) Sold to Close 06P185 Jun 185 put, at $2.20 -6%
  • 06:44 | HappyTrading FSLR ($64.60) Sold to Close 06C60 Jun 60 calls, at $5.37 +39%
  • 07:15 | Ecstatic Plays TSLA ($206.00) Sold to Close 06P210 Jun 210 put, at $9.50 -15%

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On Friday, buyers cheered again as the latest job data showed the unemployment rate fall down to 6.1%!  But, with the Dow closing above 17,000 and the SPX also at a new all-time high, floating above 1985, I think we’ll have to be a little more cautious.  Psychologically, we could see some investors wanting to lock in some profits.  Technically speaking, we just keep getting more toppy!  Meanwhile, the US markets are closed on Friday for the country’s Independence Day.  Have a wonderful long weekend!  I’ll be back this weekend to go over the charts in more detail. 

Happy July 4th and HappyTrading! ™

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