Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, GLD, FDN, XLE, GS, BAC, WFC, JPM, V, MA, APA, APC, EOG, NOV, OXY, MPC, AMZN, PCLN

Markets climbed higher yet again last week, with both SPX and the Dow making new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, it does seem like buyers are still trickling in. But, there's definitely caution on the market, as stocks have risen quite far in a month."

The broader market was stuck in a tight trading range, but, glided higher nevertheless. We had a mixed week. Here are the closed trades for the week:

LNKD Options Sell to close 5.00 (1.19%) of LNKD Nov 22 2014 Call 232.5 at 5.00000 2.04% ($50.00) Profit
SWKS Options Sell to close 10.00 (0.84%) of SWKS Nov 22 2014 Call 62.0 at 1.75000 29.63% ($400.00) Profit
SWKS Options Sell to close 10.00 (0.82%) of SWKS Nov 22 2014 Call 62.0 at 1.70000 25.93% ($350.00) Profit
AMZN Options Sell to close 5.00 (1.98%) of AMZN Nov 22 2014 Call 325.0 at 8.35000 32.54% ($1,025.00) Profit
FEYE Options Sell to close 10.00 (0.38%) of FEYE Nov 22 2014 Call 33.0 at 0.80000 -70.91% ($-1,950.00) Loss
NOV Options Sell to close 10.00 (0.29%) of NOV Nov 22 2014 Call 73.0 at 0.60000 -72.11% ($-1,551.67) Loss
NFLX Options Sell to close 5.00 (1.37%) of NFLX Nov 22 2014 Put 380.0 at 5.75000 -25.32% ($-975.00) Loss
GILD Options Sell to close 10.00 (2.35%) of GILD Nov 22 2014 Put 105.0 at 5.00000 87.27% ($2,330.00) Profit
FAS Options Sell to close 10.00 (0.62%) of FAS Nov 14 2014 Put 119.0 at 1.30000 -49.22% ($-1,260.00) Loss
V Options Sell to close 10.00 (0.22%) of V Nov 14 2014 Put 247.5 at 0.45000 -68.86% ($-950.00) Loss
NOV Options Sell to close 10.00 (0.58%) of NOV Nov 22 2014 Call 73.0 at 1.20000 -43.4% ($-920.00) Loss
MLNX Options Sell to close 8.00 (0.31%) of MLNX Nov 22 2014 Call 45.0 at 0.80000 -55.5% ($-1000.00) Loss
QIHU Options Sell to close 10.00 (1.19%) of QIHU Nov 22 2014 Call 72.5 at 2.50000 -28.6% ($-1000.00) Loss
NOV Options Sell to close 10.00 (1.12%) of NOV Nov 22 2014 Call 73.0 at 2.40000 13.3% ($380) Profit

For the week, the Dow was up +60.81 points; SPX added +7.9 points; Nasdaq gained +56.01 points. Oil continued to sinking, trading down to $75-and-change/barrel. Gold had a big bounce trading above $1186/ounce. At the time of this writing, Asian markets were mostly lower, on the news that Japan had slipped into recession in the third quarter. Here's where the US markets closed on Friday:

SPX

On Friday, SPX added +0.49 point to close at 2039.82. Its daily MAs were little changed The MACD slid.

Nasdaq

Nasdaq gained +8.4 points to close at 4688.54. Its daily MAs and MACD were little changed.

Both SPX and Nasdaq held up above their respective daily MAs. But, SPX looks tired. For the new week...

If you'd like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).

Posted to Ecstatic Plays on Nov 17, 2014 — 12:11 AM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!