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 big profits on the downside again. The GOOG puts that we bought on Friday was a big winner, which we cashed out at day high:


Just 5 contracts garnered nearly $19,000 in profits, for a +301% gain!

The Ecstatic Plays is now back above +200% and up +45.6% for 2015, while the market is down in the "correction"! Here's today's performance chart on the for the portfolio:

Come see what Ecstatic Plays offers and what we are trading next!

In my article last night, I pointed out that that we could "quickly" see SPX at 1900. Today, we punched below that, before bouncing higher. At today's close, SPX finished below 1900, at 1893.21. However, the market did close on a weak note. In October 2014, SPX fell all the way down to 1820. It is quite likely that we will see 1820 to tested again!

Also, if you have not, please take a look at my article, titled "It's Time to Migrate Out of Oil!" As I questioned in the article, are we going to see $30/barrel on oil (WTI) soon? It has already fallen to $38/barrel today. Oil has been over-drilled, over-stockpiled, and the usage is going to decrease faster and faster as renewable energy sources take over. Oil is likely going to play a much smaller part in our future energy use. While the markets tumbled, solar stocks found buyers today. Already, solar stocks are "decoupling" from oil stocks. In the past year, traders have been trading solar stocks along with oil stocks. But, that ...

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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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World Markets Tumble + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, IGV, BTK, FDN

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

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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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, IGV, ASHR, GS, CSCO, JNPR, ANET, FFIV, MSFT, CYBR, ADBE, BIIB, CELG, AMGN, GILD, BIDU, NTES, BABA, JASO

Markets were choppy last week and ultimately ended lower. Stocks started out the week falling. Wednesday morning had some irrational buying, which faded in the afternoon. The selling resumed on Thursday and Friday, although some buyers came in before the ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, IGV, ASHR

Markets were choppy last week and ultimately ended lower. Stocks started out the week falling. Wednesday morning had some irrational buying, which faded in the afternoon. The selling resumed on Thursday and Friday, although some buyers came in before the ...

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Some Stocks To Play After Earnings: Z, HLF, DDD, SSYS

Although the market was in a selloff today, there are some oversold names that beckoned re-evaluation.

Zillow (Z) sank down in the morning to $68.58, then, rallied to $76 for the close, almost up +5%! On Tuesday, the company reported ...

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Are You Ready For A Pullback? BIIB, AMGN, GILD, CELG, UTHR, JAZZ, GOOG, FB, NFLX, APA, APC, EOG, PANW, DO, RIG

Stocks reversed the morning gains today and ended lower. The Dow was down 120.72 points (-0.69%); Nasdaq fell 83.5 points (-1.62%); SPX dropped 16.28 points (-0.78%).

In this week's Market Forecast, we discussed the possibility of leading sectors (biotech, ...

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