Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, SOXX, FDN, GOOG, NFLX, TWC, CHTR, MA, V, GS, APA, APC, XOM, CVX, AMBA, AVGO, PANW

The broader market held its ground last week, still ending in record territory. We traded well and my Ecstatic Plays Portfolio's value continued to increase.

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We had a lot of nice plays last week. Our YOKU and NFLX calls were among the top gainers. Here are the closed trades for the week:

For the week, the Dow was down 40.54 points; SPX added +3.33 points; Nasdaq gained +41.07 points. Oil was flat with WTI sticking around $60/barrel. Gold pulled back, but, managed to stay above $1200/ounce. Asian markets were mixed on Monday, but, China and Hong Kong remained strong. Here are where the US markets closed last Friday:


SPX slipped 4.76 points to close at 2126.06. Its daily MAs and MACD were little changed.


Nasdaq slid 1.43 points to close at 5089.36. Its daily MAs and MACD were a little higher.

The broader market seems to be stuttering again, attempting to find a direction. But, still, there is no lack of nice movements as the market is teeming with mergers and acquisitions. Today, financial pages are filled with reports that CHTR is ready to close a $55 billion deal to buy TWC! For the new week...

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Posted to Ecstatic Plays on May 26, 2015 — 1:05 AM
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