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

The markets started on a down beat last week, slipping below 2070. As discussed in last week's Market Forecast, there was support below 2070. Buyers started to trickle in on Tuesday, and got bolder on Wednesday as the Fed kept interest rates unchanged. On Friday morning, SPX climbed above 2114, then, we saw some profit-taking ahead of the weekend.

For the week, the Dow was up +121.93 points; SPX added +24.28 points; Nasdaq gained +39.65 points. Oil was up most of the week, but, gave the gains back on Friday. WTI closed around $47/barrel. Gold fell slightly, trading just below $1100/ounce. At the time of this writing, Asian markets were mostly down. Let's take a look at the US markets after Friday's close:

SPX

SPX slipped 4.79 points to close at 2103.84. It closed just above its daily MAs. The MACD was little changed.

Nasdaq

Nasdaq fell just 1/2 a point to close at 5128.28. It closed just below the 10-day MA> The MACD was flat.

Both SPX and Nasdaq closed near their respective 10-day MA, a neutral stance. For the new week, stocks may be under pressure to start as China's latest economic data soured the global markets' mood. However, Japan's Nikkei was holding up quite well, as I was composing this paragraph.

Although more earnings are coming in, people might be distracted by the jobs data coming near the end of the week. Nevertheless, here are some notable earnings dates:

MON: (AM) DO; (PM) AIG CTRP, QLYS, BMRN, THC
TUE: (AM) MGM, CVS, AET, INCY, REGN, CHTR, MLM; (PM) DIS, Z, FSLR, DVN, PAYC, ETSY, ATVI
WED: (AM) PCLN, CTSH, RL, ATHM; (PM) TSLA, GMCR, RIG, HLF, AGU, ZU, TSO
THUR: (AM) MBLY, KORS, DDD, TDC, APA, AGN; (PM) ANET, BITA, ESPR, MDVN
FRI: (AM) GRPN, ...

Read More
Comments

Monthly Wrap-Up: GOOG, GOOGL, NFLX, FB, NXPI, LNKD, AMBA, SPY, VIX

July has been a volatile month for stocks. All three major market indices (DJI, SPX, and IXIC) all ended higher slightly for the month. However, Russel 2000 was down.

We did quite well. Even though I took on a bit ...

Read More
Comments

Tuesday Big Movers: UPS, CMI, PCP, AMGN, YELP GILD, AKAM, TWTR, BWLD, PNRA

After a few days of pullback, the market managed a bounce today. SPX added +25.61 points, while Nasdaq gained +49.43 points.

This morning, UPS reported strong quarterly results and saw its shares trade up more than +5%! PCP shares popped ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, BTK, FDN, FB, TWTR, XOM,CVX, MA, GILD, AMGN, MRK, PFE, WFM, WYNN, VLO

Markets pulled back last week. AAPL earnings disappointed investors on Tuesday and pressure the tech stocks. Energy stocks stayed weak. Stocks were especially weak on Friday, as SPX pulled back 1.07% and closed just below 2080.

However, we traded very ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, BTK, FDN, FB, TWTR, XOM,CVX, MA, GILD, AMGN, MRK, PFE, WFM, WYNN, VLO

Markets pulled back last week. AAPL earnings disappointed investors on Tuesday and pressure the tech stocks. Energy stocks stayed weak. Stocks were especially weak on Friday, as SPX pulled back 1.07% and closed just below 2080.

However, we traded very ...

Read More
Comments

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

Markets pulled back last week. AAPL earnings disappointed investors on Tuesday and pressure the tech stocks. Energy stocks stayed weak. Stocks were especially weak on Friday, as SPX pulled back 1.07% and closed just below 2080.

However, we traded very ...

Read More
Comments

Winning More On Both Sides, Introducing Happy Stocks! BIDU, SPLK, GOOG

I have been building up a new product, a new portfolio. It is called "Happy Stocks"! This portfolio is for active traders. It is similar to Ecstatic Plays. But, in Happy Stocks, I will trade stocks ...

Read More
Comments

Winning More On Both Sides, Introducing Happy Stocks! BIDU, SPLK, GOOG

I have been building up a new product, a new portfolio. It is called "Happy Stocks"! This portfolio is for active traders. It is similar to Ecstatic Plays. But, in Happy Stocks, I will trade stocks ...

Read More
Comments

After Market Movers; Amazon Jumps Again! SWKS, V, SBUX, TRIP, AMZN, JNPR

After market today, AMZN reportedanother blow-out quarter, especially in its cloud services, which climbed 81% in revenue! AMZN stock soared to above $570 at one point! V shares popped more than +7% as its earnings vaulted 25%! ...

Read More
Comments

Winning Big On Both Sides! SNDK, NXPI, SPY, CRUS, SWKS

While the markets traded down today, there were certain stocks that did really well. One group was the same group that got pulled down by AAPL yesterday. These stocks were CRUS, SWKS, NXPI, and AVGO. But, after the market yesterday, ...

Read More
Comments

Apple Tumbles After Earnings! AAPL, MSFT, YHOO, CMG, GOOG, GOOGL, NFLX

After our big wins on GOOG and NFLX, I told my members in the chatroom that this market is going to be range-bound, and that we should look for some downside trades to hedge:

Monday, July 20, 2015
Happytrading: ...

Read More
Comments

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XRT, SOXX, XLE, BTK, CELG, BIIB, AMZN, AAPL, GOOG, GOOGL, NFLX, YHOO, LMT, BA, UTX, IBM, CMG, UNP, CP, CNI, SWKS, CRUS, SBUX

Stocks were really strong last week, as Greece reversed its position and agreed to more austerity demanded by its creditors. SPX popped higher to test 2100 on Monday. By Tuesday morning, SPX had already broken through. Solid earnings from financial ...

Read More
Comments