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 broke down!

The Dow was down 358.04 points (-2.06%); SPX lost 43.88 points (-2.11%); Nasdaq tumbled 141.56 points (-2.82%).

In the first article, I said,

"I do not think, however, this is all about the Fed's intention to raise rates starting in September. I think this is more that things are just getting too overbought, technically, to be keep heading higher. We will need to see a pullback before drawing more buyers back into the market."

Most people, now, do not think that the Fed will start raising rates in September (even though they still might). Bonds rose, which meant interest rates went down. But, markets still fell.

I also wrote,

"Some people are saying that a lot of traders are still on vacation, and, when they return, stocks will rally again. I think otherwise. I think "if" the market does not pullback soon, when the traders are back from their vacation, they will drive the markets down. There is no point in buying an overbought market that is teetering on a cliff, so to speak."

Well, it is getting to the end of August. Traders who went on vacation are coming back now.

Today's pronounced selling was something that we have not seen for a long time. We actually saw some panic towards the end. In the last 15 minutes of trading, the Dow fell about 80 points; SPX dropped about 10 points; and, Nasdaq lost about 15 points. What is more, is that SPY continued to fall in after-market!

Here are the profits ...

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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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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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