Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, IGV, FDN, GS, WFC, JPM, PNC, STI, CSCO, RAX, DATA, CYBR, JACK, SHAK

We came into last week sitting on mostly cash, expecting a pullback. On Tuesday and Wednesday, we got that pullback. But, buyers came in on Thursday, and Friday saw a strong rally after an encouraging jobs report!

Except for a couple of trades, we had a very nice week. TSLA and YELP calls gave us nice profits on the long side, and, GOOG puts earlier in the week did well for us on the down side. Here are the closed trades for the week:


For the week, the Dow did surprisingly well, and ended up +167.05 points. But, for SPX and Nasdaq, because the fall was so sharp earlier in the week, the two indices barely recovered. SPX added +7.81 points; Nasdaq still ended down 1.84 points. Gold and oil were basically flat. At the time of this writing, Asian markets were mostly higher, after China once again slashed its interest rates. Let's see how the US markets closed on Friday:

SPX

On Friday, SPX added +28.1 points to close at 2116.1. Its daily MAs were flat. The MACD moved higher.

Nasdaq

Nasdaq gained +58 points to close at 5003.55. Its daily MAs and MACD flattened.

SPX closed the week in a healthy spot. However, Nasdaq looks much weaker, neutral at best. For the new week...

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

We came into last week sitting on mostly cash, expecting a pullback.  On Tuesday and Wednesday, we got that pullback.  But, buyers came in on Thursday, and Friday saw a strong rally after an encouraging jobs report!

Except for a ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, MOO, BTK, GLD, GS, BAC, WFC, JPM, CELG, GILD, BIIB, AMGN, JAZZ, CLVS, MYL

It's been another wild week. Stocks were very volatile and sold off for most of the week before bouncing on Friday. Even though the bounce on Friday was a solid move, I'm starting to see imminent signs of potential, bigger ...

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

It's been another wild week.  Stocks were very volatile and sold off for most of the week before bouncing on Friday.  Even though the bounce on Friday was a solid move, I'm starting to see imminent signs of potential, bigger ...

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Big Movers Wednesday and Stocks on Clouds! TWTR, BWLD, WYNN, HUM, SSYS, CMG, YELP, GPRO, AMBA, LOGM, CRM, VMW, IBM, MSFT, AMZN

Stocks have been very volatile so far this week.  On Monday, after a higher opening, things quickly fell.  On Tuesday, the opposite happened; after a lower opening, buyers came rushing back in.  Today, these were just as choppy, if not ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, SOXX, GLD, SKX, TSLA, AAPL, XOM, COP, MA, V, GILD, CELG, AKAM, PNRA, MPC, PSX

On Friday, SPX made a new all-time high at 2120.92 and closed at a new closing high at 2117.69. Nasdaq also pushed higher, closing at 5092.08. MSFT jumped more than +10% on Friday and AMZN vaulted more than +14%. GOOG ...

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

On Friday, SPX made a new all-time high at 2120.92 and closed at a new closing high at 2117.69.  Nasdaq also pushed higher, closing at 5092.08.  MSFT jumped more than +10% on Friday and AMZN vaulted more than +14%.  GOOG ...

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

The markets were very volatile last week.  On Monday, stocks opened higher, but, closed down.  On Tuesday, stocks opened lower, but, closed up.  On Wednesday, stocks jumped, but, could not break out on Thursday.  Friday was met with a steep ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, TLT, GLD, MS, STI, STT, GOOG, AMZN, BRCM, QCOM, FB, YHOO, XLNX, CTXS, LLY, ALTR, EBAY, HAL

The markets were very volatile last week. On Monday, stocks opened higher, but, closed down. On Tuesday, stocks opened lower, but, closed up. On Wednesday, stocks jumped, but, could not break out on Thursday. Friday was met with a steep ...

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NFLX Soars More Than 18%! NFLX, SLB, GS

Yesterday afternoon, NFLX reported strong subscriber additions, sending its stock flying.  Today, an analyst from FBR slapped on a $900 price target for NFLX.  NFLX shares ended the day up more than +18%.

We didn't hold any position on ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, GLD, FDN, XME, WFC, JPM, GS, BLK, C, PNC, INTC, ASML, STLD, NFLX

Markets had a strong week last week. Stocks rallied higher on Monday, but, faltered and traded in a tight range until Thursday afternoon. Surprisingly, they pushed higher on Friday for a strong weekly close.

We made some nice trades this ...

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

Markets had a strong week last week.  Stocks rallied higher on Monday, but, faltered and traded in a tight range until Thursday afternoon.  Surprisingly, they pushed higher on Friday for a strong weekly close.

We made some nice trades this ...

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