Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, BTK, FDN, IGV, GS, WFC, PNC, STI, AMZN, NFLX, BABA, CRM, ORCL, ADBE, APC, EOG, XOM, CVX, BIIB, CELG, GILD, HRTX, AMGN

Stocks started on a weak note last week, falling nearly down to SPX 2070 by Tuesday morning. As I had stated before there is strong support between 2080 and 2070. Markets mainly followed the news coming out of Europe revolving around the negotiation on Greek debt and the release of its bailout funds. On Wednesday, stocks popped higher as there seemed to be some optimism in Greece reaching a deal with its creditors. On Thursday morning, SPX climbed back to 2115. Hope faded on Friday, as the negotiating parties parted without getting a deal done.

As I said last weekend, market indices were becoming more vulnerable. Wednesday's pop brought the indices back to neutral. But, Friday's drop put pressured on the major indices again!

However, through the volatility of the market, we did exceptionally well last week, giving the value of my Ecstatic Plays portfolio yet another jump! Our trades on NFLX, MBLY, and WBAI gave us some nice upside gains! Our VIX calls gave us nice protection on the downside. Here are the closed trades for the week:

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For the week, the Dow was up +49.36 points; SPX added +1.28 points; Nasdaq slid 17.36 points. Gold bounced higher to close above $1180/ounce. Oil (WTI) was basically unchanged, trading around $60/barrel. Asian markets were down at the time of this writing, as the latest proposal from Greece was rejected again! Let's see where the US markets stood after Friday's close:

SPX

On Friday, SPX fell 14.75 points to close at 2094.11. It closed below its daily MAs. Its MACD went down.

Nasdaq

Nasdaq dropped 31.41 points to close at 5051.1. Its MACD was lower as well.SPX now looks weak, closing below its daily ...
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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, BTK, FDN, IGV

Stocks started on a weak note last week, falling nearly down to SPX 2070 by Tuesday morning. As I had stated before there is strong support between 2080 and 2070. Markets mainly followed the news coming out of Europe revolving ...

Read More
Comments

Buy Mobileye NOW!! MBLY, AAPL, GOOG, GOOGL

Mobileye N. V., MBLY, the creator and maker of software algorithms for driver assistance systems (in other words, systems that can make cars drive themselves), had a huge breakout today. MBLY was up +5.52% today and closed at $50.47, the ...

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Winning Big With Netflix (NFLX)!

NFLX shares went up +3.7% today, closing at $671.1, and traded as high $692.79 a new all-time high. Yesterday, NFLX announced an acquisition of a new satirical comedy "War Machine," starring Brad Pitt. Netflix investors also approved an increase ...

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Oil Bounces But Energy Stocks Still Weak: XOM, CVX, EOG, SLB, APA, APC, HES

Oil jumped higher today, with WTI closing above $60/barrel. Energy stocks also jumped at open, but, faded throughout the day.

EOG traded almost to $91.5 in the first 30 minutes of traded, but, ended the day down $0.02! XOM jumped ...

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Stocks That Bucked the Trend on Monday: TSLA, GPRO, AMBA, PANW, QIHU, CYBR, FEYE, ANET

Markets were under pressure today as the Dow slumped 82.91 points and SPX fell 13.55 points. But, some of the recent gainers continued to move higher.

Internet security stocks were strong once again. PANW hit a new all-time high this ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, IGV, FDN, GS, WFC, JPM, BLK, APC, EOG, OXY, HES, DO, RIG, GOOG, AMZN, FB, NFLX, CRM, SNCR, IBM, AAPL

It was a volatile week last week, as markets followed the news coming out of Greece and Europe on the Greek bailout/debt negotiations. Things were range-bound for the first three trading days, but, took a drop on Thursday when news ...

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

It was a volatile week last week, as markets followed the news coming out of Greece and Europe on the Greek bailout/debt negotiations. Things were range-bound for the first three trading days, but, took a drop on Thursday when news ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, SOXX, XRT. GS, JPM, WFC, GOOG, AMZN, FB, NFLX, ALTR, INTC, AVGO, BRCM, CAVM, XLNX, CRUS, WMT, KORS

Last weekend, in my Market Forecast, I wrote:

"We might see some weakness in the broader market to start the week. We will have to see if sideline buyers are ready to jump in once again. SPX has ...

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

Last weekend, in my Market Forecast, I wrote:

"We might see some weakness in the broader market to start the week. We will have to see if sideline buyers are ready to jump in once again. SPX has ...

Read More
Comments

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.

Marketfy is having a $10 for the 1st month coupon for this year's Memorial ...

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

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.

Marketfy is having a $10 for the 1st month coupon for this year's Memorial ...

Read More
Comments