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Weekly Wrap-Up: CMI, CF, UNP, NFLX, LULU

Wow, what a week it was!  Both the Dow and SPX took a nosedive!  Oil kept on falling and pulled the energy stocks lower and lower.  To a big extent, that soured the mood for the broader market.  Once the momentum took over, it was feeding frenzy for the bears!

We had a nice week, finding profitable trades on both sides.  Our closed trades were mostly positive.  CMI, CF, UNP, and NFLX puts worked well.  Here are the closed trades for the week:

CMI Dec 20 2014 Put 143.0 $2.15 4.88% 12/12/2014
FAS Jan 17 2015 Call 130.0 $4.75 -4.04% 12/11/2014
BIDU Dec 20 2014 Call 230.0 $5.40 35.00% 12/11/2014
LULU Jan 17 2015 Call 47.5 $4.30 22.86% 12/11/2014
CMI Dec 20 2014 Put 147.0 $4.10 51.85% 12/10/2014
CF Dec 20 2014 Put 260.0 $9.30 45.31% 12/10/2014
SCTY Dec 20 2014 Call 52.5 $1.11 -58.27% 12/10/2014
BIDU Dec 20 2014 Call 230.0 $4.15 -17.00% 12/10/2014
BIDU Dec 20 2014 Call 230.0 $5.00 6.38% 12/09/2014
BIDU Dec 20 2014 Call 330.0 $4.70 38.24% 12/09/2014
UPS Dec 20 2014 Call 110.0 $0.85 -61.54% 12/09/2014
AMZN Dec 20 2014 Put 307.5 $8.20 7.89% 12/09/2014
UNP Dec 20 2014 Put 115.0 $3.20 66.67% 12/09/2014
SNDK Dec 20 2014 Call 104.0 $3.70 15.62% 12/08/2014
NFLX Dec 12 2014 Put 345.0 $7.00 12.90% 12/08/2014
NFLX Dec 12 2014 Put 345.0 $7.50 20.97% 12/08/2014
SNDK Dec 20 2014 Call 104.0 $3.30 3.12% 12/08/2014
NFLX Dec 12 2014 Put 347.5 $7.40 17.46% 12/08/2014
NFLX Dec 12 2014 Put 347.5 $6.60 4.76% 12/08/2014

USO, the US ETF for oil, closed at a new all-time low of $21.93 this week!  Previous low was $22.74, set at the market lows in 2009.  Energy stocks have been leading the market decline.  People who jumped in and bought energy stocks last week were cut by falling knives!  We will definitely have a more detailed discussion on the energy sector tomorrow in my weekly Market Forecast.

We will also look at financials and biotechs, which are both still relatively healthy.

Happy weekend and HappyTrading! ™

Taking Profits on Puts AMZN, UNP; Two Long-Side Trade Ideas: FB, MBLY

Markets gapped down today, with the Dow down almost 200 points and SPX losing about 25 points.  But, within the first hour of trading, buyers quickly came in.  By the end of the day, the Dow closed down only 51 points and SPX almost turned green!  

We took profits on our UNP and AMZN puts:

UNP puts gave us an overnight +67% profit.  We didn’t get the high on the AMZN puts, but, we did get out with a small profit.  AMZN ended up almost $6 by the end of the day!

Since buyers are buying the dips, let’s take a look at a couple of interesting trade ideas:

FB

FB’s chart is shaping up nicely.  It went down at open with the broader market today, but, came back up and closed in the green.  There is a gap to fill from last month’s earnings drop.  I can see this rallying back to test $80.

MBLY

MBLY has been trading lower.  But, last week’s pop from the bottom is quite interesting.  This chart is not very strong, but, its MACD has turned bullish.  I think this can get a quick pop to test $48.

Good night and HappyTrading! ™

WDC Breaking Out + Two Biotech Names CLVS, GEVA

WDC broke out today, adding +2.62% to close at $107.8.  I think this could test $110 soon.  We locked in our profits on Jan calls:

for a nice +32.62% profit.

Biotechs continued to zoom higher.  We talked about CLVS in this week’s Sector Watch.  I think it is still looking good:

CLVS climbed higher on Monday and today.  I wouldn’t chase it here just yet.  But, in a couple of days, we could look at Jan calls.

GEVA


GEVA just had a 3-day breakout!  It is looking very strong!  It could easily test $90 and go on to $95.  If you trade this one, give yourself some time on the options.  Try looking at February or March calls.

Good night and HappyTrading! ™

CMI Breaking out? GLD, NFLX, CMI, JOY, CAT

As cautioned in my Market Forecast last Sunday, stocks took a quick fall on Monday.  But, soon recovered nicely.  Friday’s jobs report prompted some buying.  However, SPX was still not able to break out.

We did not trade much this week.  We did a quick trade on GLD calls when gold bounced on Monday.  Then, we traded NFLX calls three times beautifully and booked some quick profits.  All of our closed trade this week were profitable:

NFLX Options Sell to close 5.00 (3.07%) of NFLX Dec 20 2014 Call 350.0 at 13.00000 18.18% ($1,000.00) Profit
NFLX Options Sell to close 5.00 (2.52%) of NFLX Dec 20 2014 Call 350.0 at 10.50000 9.38% ($450.00) Profit
NFLX Options Sell to close 5.00 (2.97%) of NFLX Dec 20 2014 Call 345.0 at 12.50000 24.38% ($1,225.00) Profit
GLD Options Sell to close 10.00 (1.55%) of GLD Dec 20 2014 Call 114.0 at 3.20000 18.52% ($500.00) Profit

Energy stocks are still really weak, which we will visit tomorrow in our weekly Market Forecast and Sector Watch.  Overall, commodity sectors are pretty weak.  I did find something intriguing in the peripheral of commodities:  CMI.

CMI got a good pop on Wednesday; so did JOY and CAT.  However, both JOY and CAT moved back down with rest of the commodity related stocks on Thursday and Friday.  But, not CMI!  CMI held on to the gain and added more!

CMI

CMI looks like its setting up for a breakout.  If it does breaks above $152, we could see a retest $160!

Let’s keep an eye on this first thing next week!  I’ll be back to take a closer look at the broader market and major sectors tomorrow.

Good night and HappyTrading! ™

GOOG Stock Risky!

We had a really nice trade on Monday on TRGP puts, which scored an intraday +100% profit!

TRGP Options Sell to close 5.00 (4.81%) of TRGP Dec 20 2014 Put 115.0 at 12.00000 100.00% ($3,000.00) Profit
TWC Options Sell to close 10.00 (2.05%) of TWC Dec 20 2014 Call 150.0 at 2.50000 -24.24% ($-800.00) Loss
TRGP Options Sell to close 5.00 (4.54%) of TRGP Dec 20 2014 Put 115.0 at 10.90000 81.67% ($2,450.00) Profit

My Happy Trades Portfolio moved higher once again and is now up +24% in just 2 months!

To subscribe, please click HERE!

While the market pushed higher on Friday, GOOG slumped $12. or -2.24%!  Looking at the chart, GOOG is very risky right now:

GOOG

GOOG has seen some wild moves since mid-Sept, hitting above $595 and below $510.  It has been consolidating for the month of November.  The wedge that it had formed in the past couple of months was broken on Friday!  It is showing a “breakdown”!  It is at risk to retest the recent support of $510.

We will be watching GOOG puts next week!

Good night and HappyTrading! ™

Weekly Wrap-Up: BITA, GMCR, APA, DAL, LNKD, TGT, RL, TJX, ROST

Markets continued to make new highs in the short Thanksgiving week. Retails were particularly strong. TGT, RL, TJX, ROST were among some retail stocks that made new all-time highs!
Initial reports seem to indicate that for brick-and-mortar stores, consumers seem to be spending about the same amount of money as last year during the Black Friday sales. It will be interesting to see the numbers from the online sales.

Amazingly, even with the big drop in the energy sector, as OPEC kept output unchanged in a meeting on Thursday, the overall market indices held up. The Dow was flat; Nasdaq was up, and SPX was down about 5 points.

We had a pretty good week, with just most closed trade in the green:

Ecstatic Plays

GMCR Options Sell 5.0 of GMCR Nov 28 2014 Put 140.0 at 2.85 9.62% ($125.00) Profit
APA Options Sell 10.0 of APA Dec 20 2014 Call 72.5 at 4.0 35.59% ($1050.00) Profit
LNKD Options Buy 5.0 of LNKD Dec 20 2014 Call 225.0 at 7.4 35.59% ($1050.00) Profit
FSLR Options Sell 10.0 of FSLR Dec 20 2014 Call 50.0 at 3.0 50.00% ($1000.00) Profit
DAL Options Sell 15.0 of DAL Dec 20 2014 Call 47.0 at 1.53 53.00% ($795.00) Profit
DAL Options Sell 15.0 of DAL Dec 20 2014 Call 47.0 at 1.4 40.00% ($600.00) Profit
GILD Options Sell 10.0 of GILD Dec 05 2014 Put 100.0 at 1.05 -61.82% ($-1700.00) Loss
LNKD Options Sell 5.0 of LNKD Dec 20 2014 Call 225.0 at 7.7 4.05% ($150.00) Profit
GLD Options Sell 10.0 of GLD Dec 20 2014 Call 114.0 at 1.8 -47.06% ($-1600.00) Loss

Happy Trades

BITA Options Sell 10.0 of BITA Dec 20 2014 Call 90.0 at 7.2 25.22% ($1450.00) Profit
BITA Options Sell 10.0 of BITA Dec 20 2014 Call 90.0 at 9.4 63.48% ($3650.00) Profit
EOG Options Sell 10.0 of EOG Dec 20 2014 Call 100.0 at 0.3 -93.62% ($-4400.00) Loss

Tech stocks have been really strong, outpacing the broader market. Of course, the broader market has been held back back the energy stocks. Financial stocks are still looking very healthy. We will take a closer look at these with the overall market in my weekly Market Forecast tomorrow.

Enjoy your Thanksgiving weekend, and don’t forget, Marketfy is having a Thanksgiving event this weekend! You can try out my services for just $10 for the first month! As of the end of this week, my
Ecstatic Plays Portfolio (for active traders) is up +123.3% this year, and my Happy Trades Portfolio (for part-time investors/traders) is up +15.9%!

Good night and
HappyTrading! ™

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…