Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK SOXX, FDN, SOXX

Last weekend, in my Market Forecast, I wrote:

"For the new week, the market starts at a neutral position as the market consolidated on Friday. But, stocks may slip as the buying momentum wanes. Before the sharp drop, people were looking for a pullback. The pullback was so sharp that it brought most sectors into the correction territory in just a few days! Thus, the sharp bounce is warranted. Now, that the bounce has taken out the downside overshoot, we may see stocks slip again."

Indeed, the buying faded. Besides the bounce on Wednesday, there was not much buying. Tuesday brought a quick drop, sending the market down to test 1900. After Wednesday's bounce, selling resume on Thursday afternoon, and lingered into Friday.

We had a pretty good week keeping the Ecstatic Plays Portfolio near its all-time high, especially considering how volatile the markets were. Here are the closed trades for the week, which we had already highlighted some trades earlier (Click here to see the previous article):


To subscribe or to find out more about this product, please CLICK HERE. Come see what Ecstatic Plays offers and what we are trading next!

For the week, the Dow was down 540.63 points; SPX fell 67.65 points; Nasdaq lost 144.4 points. Oil had a strong opening on Monday, but, pulled back throughout the week. Still, it managed to close higher for the week, at around $45/barrel (WTI). Gold slid down to about $1120/ounce. Asian markets were mostly lower on Monday, as the US markets were closed in observance of Labor Day. Tonight, at the time of this writing, Asian markets were mixed. Let's see how the US markets closed on Friday:

SPX

On Friday, SPX fell 29.91 points to close at 1921.22. It closed below ...
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This market has been pretty crazy! Monday's drop was pretty unreal! The Dow was briefly down over 1,000 points. This was after falling three days in a row the week before. SPX fell down to 1867 before bouncing.

But, as ...

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But, as ...

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Making Money As the Market Bounces! NFLX

The markets around the world bounced in the past couple of days. We have been trading the downside, but, locked in our profits just in time. We also took advantage of the bounce as the markets turned on Wednesday.

Our ...

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Making More Profits On the Downside! GOOG, GOOGL, APA, APC, SLB, XOM, CVX, OXY, HES, EOG

Markets are down big again today! The Dow was down over 1000 points near the open! SPX traded below 1970 in the morning, and Nasdaq fell below 4300!

Between the various products that I have on Marketfy, we took some ...

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World Markets Tumble + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, IGV, BTK, FDN, GS, WFC, BAC, JPM, MA, V, GOOG, GOOGL, AMZN, FB, NFLX, GILD, BIIB, CLVS, JAZZ, AMGN, CRM

Last week, world markets tumbled, as worries over China finally pushed investors to exit in panic! The Dow was down over a whopping 1000 points (-1017.65 to be exact); SPX fell 120.65 points; Nasdaq tumbled 341.85 points.

US markets were ...

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Last week, world markets tumbled, as worries over China finally pushed investors to exit in panic! The Dow was down over a whopping 1000 points (-1017.65 to be exact); SPX fell 120.65 points; Nasdaq tumbled 341.85 points.

US markets were ...

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Ecstatic Plays Will Now Trade Stocks!

In addition to trading options, I will now start to trade stocks in my Ecstatic Plays Portfolio as well! In a year, I have tripled this portfolio trading options only and keeping cash at above 90%!

Since I do not ...

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It's Time to Migrate Out of Oil! XOM, CVX, SLB, EOG, APA, APC, NOV, OXY, RIG, DO

Oil has been falling and falling! It does not seem like it will find a support any time soon. The US Oil ETF, USO, is almost single-digit. I think it will soon need a reverse split, or else, it might ...

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Profiting From Market Pullback! DJI, SPX, Nasdaq, TSLA, PCLN, GOOG, GOOGL, FB, AMZN, YELP, TWTR, NFLX

Earlier this month, I wrote an article, titled "Are You Ready For A Pullback", warning you that stocks are about to take a fall. This market held up for a little more than a week. Today, things finally ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, IGV, FDN, CSCO, CREE, GS, WFC, BIIB, CELG, CRM, INTU, GOOG, GOOGL, AMZN, NFLX

It was another volatile week! Markets popped on Monday, sending SPX back up to test 2105. But, the selling came on Tuesday and Wednesday, pushing SPX down to test 2050. Then, buyers came in again on Wednesday afternoon. Thursday and ...

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