Some Big Movers: EOG, TSLA, PANW, CYBR, TWTR, CLVS, FDX

Stocks have been most positive so far this week.  Energy stocks have bounced, and oil spiked up over the past two days with Brent testing $60/barrel and WTI trading at around $53/barrel.  We trade EOG calls in my Happy Trades portfolio and booked a +81.78% profit:

TSLA jumped about on Monday as the company said that it sold over 10,000 of its Model S cars.  We held TSLA calls over the weekend and took a +112.56% profit in my Ecstatic Plays portfolio:

Today, FDX announced that it will buy TNT Express for $4.8 billion to expand into Europe.  FDX stock jumped +2.7% on the announcement.  Internet security stocks caught buyers today, as PANW went up +2.25% and CYBR popped more than +8%.

TWTR vaulted +4% higher today on takeover rumors.  Biotech stocks more on the rebound today.  CLVS traded up +8% as the company received a "breakthrough" status for its ovarian cancer drug.  BIIB added almost $5.  ALXN was up more than +3%.  VRTX gained more than +2%.

Stocks were showing strength until the afternoon.  But, big winners mentioned above still kept most of their gains.  The broader market overall is still neutral.  So, we may see some volatile days ahead.  We are still mostly in cash.  Let's be patient and see if the market shows clearer signals.

Good night and HappyTrading! ™

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLE, BTK, FAS, SOXX, TLT, GS, V, MA, C, AXP, JPM, WFC, INTC, ALTR, XLNX

Markets fell last week. Things were sluggish on Monday and Tuesday. But, Wednesday saw a steep drop, led by profit-taking in the biotechs. On Thursday, stocks struggled to bounce off of the lows. Buyers came in on Friday, and semiconductors ...

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

Markets fell last week.  Things were sluggish on Monday and Tuesday.  But, Wednesday saw a steep drop, led by profit-taking in the biotechs.  On Thursday, stocks struggled to bounce off of the lows.  Buyers came in on Friday, and semiconductors ...

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Red Hat Jumps 10 Precent! RHT, BIDU, CELG, SWKS, LULU, AMGN

The markets have been really volatile this week.  Selling pressure mounted late Tuesday.  On Wednesday, stocks were in a free fall.  We had positions on both sides, and we quickly added puts on Wednesday morning.  We also kept a lot ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FXI, HGX, GS, BLK, STI, BIDU, QIHU, BABA, TOL, KBH, WHR, LEN, EOG, APA, APC, CVX, SLB

The market had a tremendous week, with Nasdaq closing above 5,000! Stocks jumped on Wednesday, after the Fed promised to "not be impatient" in raising rates, even though it took out the words "patient" in its latest statement. SPX is ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FXI, HGX

The market had a tremendous week, with Nasdaq closing above 5,000!  Stocks jumped on Wednesday, after the Fed promised to "not be impatient" in raising rates, even though it took out the words "patient" in its latest statement.  SPX is ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, SOXX, GS, BAC, WFC, JPM, STI, PNC, MA, V, C, EOG, APA, APC, HES, OXY, NOV, RIG, DO, BIIB, CELG, AMGN, REGN

Last weekend, in my Market Forecast, I said,

"For the new week, I think we will see more volatility. For SPX, 2070 is a support, below which the next support lies at 2050. Nasdaq has support first around ...

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

Last weekend, in my Market Forecast, I said,

"For the new week, I think we will see more volatility. For SPX, 2070 is a support, below which the next support lies at 2050. Nasdaq has support first around ...

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Financial Stocks Up After Market: ACT, INTC, MYL, ICPT, GEVA, KITE, AXP, C, GS, MS

After market today, banks traded higher.  Fed has approved plans by various banks to raise dividends and buy back shares.

After the market, C jumped +2.62%; MS popped nearly +3%.  GS and AXP also traded up.  AXP announced a $6.6 ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, GLD, GS, STI, PNC, APA, APC, EOG, OXY, SLB, HES, BIIB, BMRN, MDVN, GEVA, KITE, CLVS

Last weekend, in my Market Forecast, I wrote:

"With the weakness in energy and financial stocks, it does look like the market may need a few days to consolidate. But, I still think Nasdaq will test 5,000 in ...

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

Last weekend, in my Market Forecast, I wrote:

"With the weakness in energy and financial stocks, it does look like the market may need a few days to consolidate. But, I still think Nasdaq will test 5,000 in ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, XLE, IGV, GOOG, NFLX, TSLA, AMZN, GILD, GMCR, GS, MA, V, OXY, EOG, APA

Markets were range-bound this week, but, tech stocks remained strong. Nasdaq came just 10.75 points shy off touching the 5,000 mark! Energy and financial stocks held the broader market back. My Ecstatic Plays portfolio is at a new all-time high: ...

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