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 ...
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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN

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 ...

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Watching Biotechs, Part 2

On Thursday, biotechs experienced a broad selloff, helping to push the overall market lower.  I published an article at about one hour before the market closed, pointing out the significance in the weakness of biotechs (See "Watching Biotechs"). ...

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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 ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN, CSX, UNP, CP, KSU, WFC, JPM, GS, BAC, C, BLK, PPG, TSM, SLB, INTC

Last weekend, in my Market Forecast, I was very cautious about the market. On Monday and Tuesday, stocks took a nosedive, sending SPX down to test the 2000 mark. But, on Wednesday and Thursday, things bounced back up. On Wednesday ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN

Last weekend, in my Market Forecast, I was very cautious about the market.  On Monday and Tuesday, stocks took a nosedive, sending SPX down to test the 2000 mark.  But, on Wednesday and Thursday, things bounced back up.  On Wednesday ...

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Is The Selling Done?

After five days of selling, markets managed to bounce a bit today.  Yesterday, stocks plunged mid-morning, sending SPX down to test 2000.  Soon after, buyers started to trickle in.

Taking a look at the indices and the sector ETFs, we ...

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Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, XLE

In the short transition week of 2014 into 2015, stocks slipped a bit.  We didn't trade much and held on to mostly cash.  On Monday, SPX pushed higher and topped 2090.  But, the Dow was already showing weakness.  The rest ...

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Weekly Wrap-Up: BA, HES, GILD, PCLN, AMZN, GPRO, PCLN, CMG, RL

Happy Holidays! I hope everyone enjoyed a nice Christmas!

For those of you who were trading (I was :D), although trading was light markets rallied higher again last week, sending the Dow and SPX up to new heights.  Nasdaq closed ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XRT, FDN, FAS, GOOG, PCLN, AMZN, TWTR, YELP, FB, GS, WFC, STI, PNC, SLB, RIG, DO, NOV, KORS, RL, ROST

Markets started out on the weak side last week. On Monday, stocks dropped lower. Tuesday saw a brief morning pop, which was followed by heavy selling into the close. SPX came down to test 1970. In my Market Forecast last ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XRT, FDN, FAS

Markets started out on the weak side last week.  On Monday, stocks dropped lower.  Tuesday saw a brief morning pop, which was followed by heavy selling into the close.  SPX came down to test 1970.  In my Market Forecast last ...

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Market Jumps Two Percent! FAS, EOG, XOM, CVX, RIG, GOOG, PCLN, NFLX, DISH, ORCL, CRM

After three days of steep selling, the market finally got a solid bounce today.  Out of the gate, buyers seemed ready to engage.  The Federal Reserve signaled its readiness to raise interest rates sometime next year, showing confidence in the ...

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