Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, SOXX, FDN, GOOG, GOOGL, AMZN, FB, PCLN, AVGO, BRCM, NXPI, SWKS, CELG, BIIB, GILD, AMGN, GS, BAC, WFC, JPM

Very often, I capture how the market is going to move throughout the week with just one paragraph of description in my weekly Market Forecast. Last weekend was not an exception, in which I wrote:

"For the new week, we might see a bounce to test SPX 1975, or around there. Then, we will have to see if the markets can keep bouncing or fall back down. On the up side, SPX has resistance at 1975 to 1980. On the downside, we might see the market test 1910-1900."

On Monday, the market popped, and the SPX went up to test the 1975 to 1980 resistance. While the broader market advanced, biotechs were weak. I cautioned my members in the Chatroom:

"market still consolidating... Biotechs still on the weak side... [8:04 am (PST)]"

Sure enough, on Tuesday, stocks fell sharply. SPX went down to test 1930. Wednesday was a narrow-ranged, flat day. On Thursday, the market dropped again. This time, SPX tested 1910. But, buyers soon came in. The week ended with SPX at around 1930.

We did pretty well this week, although we did get out of some trades early, such as some of our SPY puts and CELG puts. Here are the closed trades for the week:

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For the week, the Dow was down 69.91 points; SPX fell 26.69 points; Nasdaq tumbled 140.73 points. Gold continued to rise, now trading above $1140/ounce. Oil was flat, staying around $45/barrel. At the time of this writing, Asian markets were lower. The coming week should be very interesting. Let's take a look at where things stood after last Friday's close:

SPX

On Friday, ...

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

Very often, I capture how the market is going to move throughout the week with just one paragraph of description in my weekly Market Forecast. Last weekend was not an exception, in which I wrote:

"For the new ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, GLD, GOOG/GOOGL, AMZN, PCLN, FB, NFLX, GS, BAC, JPM, CELG, GILD, AMGN, CLVS

Last weekend, in my Market Forecast, I wrote:

"For the new week, the market will start out with a neutral stance, albeit leaning a bit more towards bullish. I think there is a chance that SPX will re-test ...

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

Last weekend, in my Market Forecast, I wrote:

"For the new week, the market will start out with a neutral stance, albeit leaning a bit more towards bullish. I think there is a chance that SPX will re-test ...

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Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK SOXX, FDN, XLE, GOOG, GOOGL, AMZN, PCLN, TWTR, FB, LNKD, GS, ADBE, APC, APA, EOG, OXY, CELG, GILD, BIIB, CLVS, INCY, KITE

The markets were range-bound last week, as stocks consolidated. After Labor Day Monday, Markets opened with a rally on Tuesday. But, as discussed in my Market Forecast last weekend, stocks hit resistance between 1970-1980. After a quick overshoot on Wednesday, ...

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

The markets were range-bound last week, as stocks consolidated. After Labor Day Monday, Markets opened with a rally on Tuesday. But, as discussed in my Market Forecast last weekend, stocks hit resistance between 1970-1980. After a quick overshoot on Wednesday, ...

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Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK SOXX, FDN, SOXX, BIIB, AMGN, CELG, GILD, GOOG, GOOGL, PCLN, NFLX, AMZN, TWTR, YELP, LNKD, AAPL, MA, V, CLVS, HRTX

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, ...

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Comments

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, ...

Read More
Comments

Navigating a Volatile Market: SPY, AAL, HRTX, BIIB, AMGN, GILD, UTHR, CELG, INCY, GOOG, GOOGL, AMZN, FB, TWTR, PCLN, BIDU, WUBA, AAPL, NXPI, AVGO, TSLA

Yesterday, stocks plummeted dragging SPX down almost 3%. Today, stock bounced, sending SPX up 1.83%. We have been navigating these volatile swings quite well, logging in gains on both sides. We locked in profits in SPY puts yesterday and took ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, XME, FDN, MA, V, ACI, CNX, BTU, EOG, TSO, VLO, PSX, GOOG, GOOGL, AMZN, PCLN, FB, NFLX, DO

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

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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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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