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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! ™

Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, XRT, GS, WFC, JPM, APA, EOG, INCY, CELG, DVN, BIIB, AMGN, GILD, VRTX, JAZZ, CLVS, AMZN, NFLX, RL, COST

After struggling for two months in a tight trading range, markets broke out last week. Just about every sector locked in gains. Even metals and mining stocks went higher!

For the week, the Dow was up +195.06 points; SPX added +41.52 points; Nasdaq gained +149.44 points. Gold was basically flat, trading just below $1230/ounce. Oil got a huge bounce, closing at $53/barrel. At the time of this writing, Asian markets were mostly up, even though Greece failed to secure an extension on its bailout package. Here’s where the US markets closed on Friday:

SPX

On Friday, SPX added +8.51 points to close at 2096.99. Its daily MAs and MACD moved up.

Nasdaq

Nasdaq gained +36.22 points to close at 4893.84. Its daily MAs and MACD also went up.

Both indices vaulted higher last week. Even though Greece and the Euro Zone still have not reached an agreement on the bailout package, markets in Asia do not seem to be adversely affected too much. For the new week…

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

***Remember there’s a $10 sale for a 14-day trial subscription right now!

Markets Sail Higher + $10 14-Day Trial + Weekly Wrap-Up!

Happy President’s Day!

Markets vaulted higher last week with SPX hitting a new all-time high and Nasdaq only about 2% away from the 5000 mark!  Strong earnings and stabilization of oil prices gave investors more confidence to stay in the market.

Tech stocks were very strong, led by the internet stocks.  Financials also jumped, erasing most of the losses from last month!  We also had another winning week with portfolio value rising!  Our calls on GOOG, OXY, GS, YELP, and NTES all made nice profits.  Here are the closed trades for the week:

AMGN Feb 20 2015 Put 150.0 $1.21 $-525.00 -30.26% 02/13/2015
CSCO Feb 20 2015 Call 29.0 $0.39 $-525.00 -21.21% 02/13/2015
FDX Feb 20 2015 Call 175.0 $2.385 $-75.00 -1.04% 02/13/2015
GOOG Feb 20 2015 Call 540.0 $8.90 $875.00 24.48% 02/13/2015
WHR Feb 20 2015 Call 210.0 $4.425 $350.00 8.59% 02/13/2015
GOOG Feb 20 2015 Call 540.0 $8.65 $1,500.00 20.98% 02/13/2015
OXY Feb 20 2015 Call 80.0 $3.50 $1,430.00 69.08% 02/13/2015
MET Feb 20 2015 Call 50.0 $0.75 $-255.00 -25.37% 02/12/2015
GOOG Feb 20 2015 Call 540.0 $7.75 $900.00 8.39% 02/12/2015
LNKD Feb 20 2015 Put 270.0 $4.775 $-825.00 -25.68% 02/12/2015
LNKD Feb 20 2015 Put 270.0 $6.20 $-112.50 -3.50% 02/11/2015
YELP Feb 20 2015 Call 45.0 $1.975 $487.50 19.70% 02/11/2015
GS Feb 20 2015 Call 182.5 $4.225 $775.00 22.46% 02/11/2015
GOOG Feb 20 2015 Call 535.0 $7.30 $775.00 11.88% 02/11/2015
YELP Feb 20 2015 Call 45.0 $1.825 $262.50 10.61% 02/11/2015
GOOG Feb 20 2015 Call 535.0 $8.40 $1,875.00 28.74% 02/11/2015
NTES Feb 20 2015 Call 110.0 $5.25 $325.00 14.13% 02/10/2015
CSIQ Feb 20 2015 Call 25.0 $2.80 $425.00 11.26% 02/10/2015
GILD Feb 20 2015 Put 100.0 $3.325 $175.00 5.56% 02/10/2015
WYNN Feb 20 2015 Put 145.0 $2.715 $-2,285.00 -45.70% 02/09/2015

The market just broke out higher last week.  We have been holding most cash, around 90%.  I’m ready to let more cash into bigger plays starting next week.  Here’s a chart provided by Marketfy on how my ”
Ecstatic Plays” portfolio is doing against the SPX:

It just happens that Marketfy is having a special trial offer.  For just $10, you can try out my services for 14 days!  Please take this advantage and what my services can do for you. 
CLICK HERE!

Good night and HappyTrading! ™

Big Movers Wednesday! NFLX, WYNN, CMG, RL, GILD, DIS, DATA, GMCR

This market has been really volatile, and, we have been finding winners on both sides!  Today, my Ecstatic Plays portfolio reached a new all-time high, up +136% in the past 365 days:

If this was a chart for a stock, today would be a “breakout BUY” signal!  To find out more, please visit my product page by CLICKING HERE!

There certainly have been big movers on both sides.

NFLX has been pushing higher after its recent earnings.  Today it came down $8, and we caught a quick play on the puts.

WYNN reported earnings last night and missed its estimates.  Its stock dropped $9.69 today.  CMG reported solid earnings, but, still weren’t enough to keep investors in its stock, which fell 7% to $676.  CMG traded as low as $667 today.  I don’t think you can buy this dip right now.  I’d wait for it to test $650.  RL also took a beating, down a whopping 18%, as the company cut its outlook.  GILD was another big loser today, down more than 8%, as the company placed a discount on its hepatitis C drug.  We hung on to our puts on GILD and sold them this morning.  Disney (DIS) reported a blowout quarter, as its blockbuster film “Frozen” helped its consumer products unit earn a $626 million profit, up 46 percent from a year earlier.  DIS stock soared over +7% today!

After the market, DATA popped more than +14%, as the company delivered a strong quarter and forecast.  GMCR tumbled more than $9 after reporting a disappointing quarter and outlook.

The market hugged the flat line for most of the day today.  But, in the last 30 minutes, it took a sharp dive, as ECB said that it would no longer take Greek government debt as collateral for loans.  SPX ended down 8.52 points at 2041.51.  On the other hand, biotechs have been falling for 3 days.  If biotechs continue to fall, it could spell more trouble for the broader market (please see my article on “Watching Biotechs“).

Good night and HappyTrading! ™

Amazon (AMZN) Finally Delivers!

For a year now, AMZN has been disappointing investors, not being able to produce a solid quarter.  Since reach above $400 in January 2014, AMZN stock has dropped down to below $285, and struggled to establish a base between about $285 and $300.

Today, Amazon told a different story, a positive one.  The company reported a profit of 45 cents a share vs. the analyst expectations of 18 cents a share.  At about 30 minutes before the market closed today, I sent out an message to my members that AMZN could see $340 after earnings:

Happy Trading Ecstatic Plays
AMZN could see $340 on positive earnings reaction
03:31 PM – January 29, 2015
• 7 hours ago • Premium content

After the market, AMZN shares vaulted up to $350!

Here’s what I saw in the charts:


AMZN shares were shooting higher in the afternoon, rising above its daily MAs.  There was a soft resistance at about $315, but none after that until about $340.  After the earnings report was released, the stock quickly jumped to about $340, and ended just below $350.

I think traders will lock in profits tomorrow morning.  But, it’s not hard to see a visit to $360 in the near-future.

(By the way, if you didn’t see my post on NFLX, it is now back up to the top end of its trading range.  CLICK HERE to see the article.)

Good night and HappyTrading! ™

Netflix (NFLX): Here We Go Again!

In October, NFLX took a huge drop after its earnings!  I wrote an article to show the big trading range that NFLX traded in and where it might be heading (Click here to see the article).

Today, after the market, NFLX jumped +16% on the report that the company added 4.3 million subscribers!  Let’s visit the chart again:

NFLX

We can see in this chart that the low end of the trading range is about $320; and, the high end is about $460.  There’s a more detailed description in my post from October 2014

Let’s revisit what happened after Netflix’s earnings in October.  NFLX shares opened the day after earnings at around $330 and started to climb.  But, soon it met that resistance at $380 (mentioned in October’s post) and stalled.  Eventually, it came back down to test the low end of the trading range at $320.

This evening, NFLX zoomed higher to about $405, already above that $380 mark.  The next resistance is at about $420.  But, in the next few months, NFLX should come back up to test $450-$460, provided that the broader market stays healthy.

Good night and HappyTrading! ™

Weekly Wrap-Up: VXX, Z, VLO, CLVS

We mainly traded on the downside in the ”
Happy Trades” portfolio, besides our CLVS calls.  All of the closed trades were profittable:

VXX Feb 20 2015 Call 34.0 $4.775 $525.00 12.35% 01/16/2015
Z Feb 20 2015 Put 100.0 $8.25 $700.00 20.44% 01/15/2015
VLO Feb 20 2015 Put 47.5 $4.00 $550.00 15.94% 01/14/2015
CLVS Feb 20 2015 Call 60.0 $4.90 $650.00 15.29% 01/13/2015

Please
click here to see the Weekly Wrap-Up for “Ecstatic Plays” and Market Forecast.

Good night and HappyTrading! ™

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN, GS, VLO, GLD, MS, AXP, HAL, IBM, NFLX, FFIV, EBAY

Stocks recorded another losing week last week. In my Market Forecast, I wrote:

We will definitely get a feel from the financials, which could drive the broader market one way or the other. We have support at SPX 2000 and resistance at 2080.”

Indeed, financials were very weak and dragged down the broader market. Things fell on Monday. Tuesday was a volatile day with a “head-fake” pop in the morning, only to close lower. Wednesday and Thursday were a struggle to hold below SPX 2000. Finally, on Friday, some buyers trickled in and the market saw a little bounce.

We had a busy week. Gold calls and energy puts gave us some nice profits. Here are the closed trades:

GLD Feb 20 2015 Call 120.0 $4.775 $1,300.00 37.41% 01/16/2015
EOG Feb 20 2015 Call 87.5 $6.175 $1,050.00 20.49% 01/16/2015
VXX Jan 23 2015 Call 35.0 $2.625 $275.00 11.70% 01/16/2015
GILD Feb 20 2015 Put 100.0 $5.225 $-450.00 -7.93% 01/16/2015
AMZN Jan 23 2015 Put 292.5 $7.675 $325.00 9.25% 01/15/2015
AMZN Jan 23 2015 Put 292.5 $7.35 $162.50 4.63% 01/15/2015
Z Feb 20 2015 Put 100.0 $7.85 $525.00 15.44% 01/15/2015
HLF Jan 17 2015 Put 32.5 $2.065 $-185.00 -8.22% 01/14/2015
AMZN Jan 17 2015 Put 292.5 $4.875 $287.50 13.37% 01/14/2015
GS Jan 17 2015 Put 185.0 $4.75 $927.50 64.08% 01/14/2015
VLO Feb 20 2015 Put 47.5 $3.975 $705.00 21.56% 01/14/2015
VLO Feb 20 2015 Put 47.5 $3.75 $480.00 14.68% 01/14/2015
SCTY Feb 20 2015 Call 50.0 $3.65 $-75.00 -2.01% 01/13/2015
BA Feb 20 2015 Call 130.0 $3.825 $-2,587.50 -31.08% 01/13/2015
AAPL Feb 20 2015 Call 110.0 $4.875 $-1,425.00 -22.62% 01/13/2015
V Jan 17 2015 Put 260.0 $0.85 $-3,700.00 -81.32% 01/13/2015
GLD Jan 17 2015 Call 117.0 $2.02 $70.00 3.59% 01/13/2015
OXY Jan 17 2015 Put 75.0 $1.03 $-5.00 -0.48% 01/13/2015
OXY Jan 17 2015 Put 75.0 $1.355 $320.00 30.92% 01/12/2015
GLD Jan 17 2015 Call 116.0 $2.77 $955.00 52.62% 01/12/2015
TSLA Jan 17 2015 Put 205.0 $7.525 $1,150.00 44.02% 01/12/2015

For the week, the Dow was down 225.8 points; SPX fell 25.39 points; Nasdaq lost 69.69 points. Gold, once again a “safe haven”, got a nice pop, closing at around $1277/ounce. Oil traded down to below $45/barrel, but, clawed its way back to close just below $50/barrel. At the time of this writing, Asian markets were mostly higher, although on Monday, China was down nearly 7% on new margin regulation for stock brokerage accounts. Here’s where the US markets stood after Friday’s close:

SPX

On Friday, SPX added +26.75 points to close at 2019.42. It closed below its daily MAs. The MACD was flat.

Nasdaq

Nasdaq bounced +63.56 points to close at 4634.38. It also closed below its daily MAs and the MACD slid.

Both SPX and Nasdaq 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).

Watching Biotechs

Biotech stocks have thus far held up pretty well, while the market goes through tremendous volatility, sliding lower.  Most sectors now are looking bearish.  Financials fell off the cliff yesterday.  Semiconductors are getting weaker (INTC reports after market today).

Let’s take a look at the biotech index, BTK:

It is still holding a bullish chart.  But, I’m watching leaders such as BIIB, CELG (still very strong), and GILD.  If these start to turn lower, I think we will see selling on the overall market pick up speed and volume.

See my article on 1/7/2015, “Is The Selling Done?”

Good night and HappyTrading! ™