It was another winning week for the markets. Stocks pushed higher once again! Last weekend, in my Market Forecast, I wrote: "For the new week, I think the markets need to consolidate a bit here. If not, it’ll need to go on a parabolic rise. Energy stocks were weak on Friday as the dollar pushed [...]

Stocks popped for a new leg up today, pushing SPX to close above 1650! Financials led the rally: GS +3.27%; MA +2.49%; AIG +3.23%. Recent high flyers include TSLA, which went from $55-and-change to today’s high of $97.12 in just 4 trading sessions! GOOG has also been ramping up non-stop, almost hitting $890 today. 3D-printing [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, we should see the markets glide higher. I wonder if we could see the type of rise that Nasdaq had in 2000. Both SPX and the Dow are in uncharted territory. So, we’ll have to watch the levels in the next couple of [...]

Happy Mother’s Day! The markets continued to plow higher. The Dow pushed through 15,000 and SPX closed above 1630. Nasdaq broke out above 3400. We also had a great week. SWKS calls gave us a +57% gain; we’ve held on to this since earnings. SOHU calls turned in a +163 profit. SOHU continued to push [...]

The markets pushed higher today, sending SPX to a new all-time high, 1525.96, and the Dow to 15056.2 for the close. Nasdaq also gained +3.66 points. Energy stocks were strong today. EOG reported a strong quarter last night, beating the estimates. Its shares rallied almost +10% today. APA and SLB also went slightly up. Retail [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, although SPX did climb back above 1580, we’ll have to see if the market can continue on its bullish trend. It seems to be testing 1580 right now. On Wednesday, we’ll get the latest rate decision. We may see a slow start to [...]

Wow, the markets had a big day on Friday! SPX popped above 1600, for the first time ever, and almost hit 1620 intraday, and closed at 1614.42. The Dow tested 15,000, but, couldn’t hold and closed just below. Nasdaq had a strong breakout, testing 3380. More money seems to be funneling into the markets. Earnings [...]

The market has been up every month since the beginning of this year! Every time the market pulled back, big buyer came in and drove the market even higher! This month was no exception. Two weeks ago, stocks took a breather and experienced some profit-taking. But, another week later, we were looking at new highs [...]

Last weekend, in my Market Forecat, I said, "This market will need some strong earnings report to bounce back up. SPX 1570 could now become a resistance. The market will need to clear above 1580 to resume its bullish trend. On the downside, if 1540 does not hold, the next support is at 1520. Techs [...]

What a nice week we’ve had! We traded mostly on the upside as the market bounced. But, we also caught a couple nice trades on the downside as the market consolidate towards the end of the week. 100% of our closed trades were in the GR$$N: 11:15 | Ecstatic Plays AAPL ($415.70) Sold to Close [...]

After a 3-day rally that started on Friday last week, the markets took a breather today. There were big earnings moves and some rotation seems to be happening. This morning, AMGN tumbled almost 7% after missing its earnings estimates. Biotechs have been really strong, making continuous new-highs. AMGN’s miss seemed to have triggered some profit-taking, [...]

It was another volatile week. But, stocks finally pulled back. Last weekend, in my Market Forecast, I wrote: "For the new week, earnings will kick into full force…. After more than 3 months of gains, investors will look for "fundamental" proof that the economy is getting better. The profit numbers from especially the so-called "blue-chip" [...]

The market finally got a pullback. Last weekend, I said, "From up here (close to SPX 1600), even if the broader market pulls back 40 to 50 SPX points, the market will still be healthily bullish!" Sure enough, the market came down 40 to 50 SPX points! We didn’t make "a lot" of trades, as [...]

It’s been a few very volatile days: a sharp drop on Monday; a vigorous bounce on Tuesday; then, a quick fall back to Monday’s low in the morning today! For now, the sentiment has shifted. Last week’s strong dip-buying seems not to have as much enthusiasm this week. AAPL led the tech’s decline, falling 5.5%. [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, the market starts from a "neutral" position. You might be thinking, "How can it be ‘neutral’? Especially after Friday’s nasty open!" Well, the Nasdaq is definitely weaker. But, the Dow still closed above its daily MAs. SPX is barely below its 20-day MA." [...]

Stocks had another amazing week. A non-stop rally that started on Monday took SPX to its new, all-time, record high, hitting 1597.35! Biotechs continued to soar. BIIB, AMGN, GILD, and REGN were just a few that made new all-time highs in the biotech sector! We had some good trades on both sides. SODA calls gave [...]

This market is just amazing! Last Friday, it rallied from a big gap-down open after a disappointing jobs report, and ended the day only down slightly. Then, big buyers came in on Monday and the buying hasn’t let up. Stocks came out of the gate running today and pushed SPX to a new record high [...]

Lots of things happening today.  Big sector moves!  Miners, especial coals, were still very weak.  WLT (-7.96%) and CLF (-4.06) just kept tumbling lower.  Oil refiners took a big drop today: TSL -3.22%; VLO -5.69%; PSX -3.62%.  Agriculture stocks also dropped further:  CF -2.05%; AGU -1.2%; MON -1.69%. On the other hand, healthcare and biotech [...]

Happy Easter! Last weekend, in my Market Forecast, I said, "For the new week, if the broader market can push above SPX 1560, we might very well see a new leg up!  However, financials have been weak.  We’ll need to see how strongly the financials stocks can come back after last week’s slide.  Tech stocks [...]

The US markets ended the month of March with SPX at record closing high at 1569.19, just shy of 1570!  The Dow pushed further into record territory.  Techs still lagged, with AAPL, AMZN and GOOG having a losing month.  Software stocks were mostly down with ORCL suffering a big drop after its earnings.  Still the [...]

Things have been very volatile, as consolidation continues.  While there are news coming from Cyprus, but, the range-bound, up-one-day-down-the-next type of trading may not necessarily due to what’s going on in Europe.  It may just be more that the markets need to have some time to consolidate. This morning, factory and housing data showed more [...]

Well, the big news tonight is that Cyprus was able to seal a bailout deal.  Asian markets, at the time of this writing, were reacting favorably upon the deal and trading mostly higher.  The financial crisis in Cyprus held global markets back last week.  But, at the same time, some consolidation was needed and investors [...]

It’s "March Madness"!!  The markets were very volatile this week!  On one hand, stocks needed to consolidate after strong advances since the beginning of the year.  On the other hand, markets were mulling over the prospect of taxing bank deposits in arriving at a bailout agreement for Cyprus.  For us, we had a great trading [...]

It was another volatile day!  The market started out on a down beat, but, dip-buyers came in once again.  However, in the afternoon, the selling resumed.  We were able to find good trades on both sides of the fence once again!  We took a quick trade on AAPL calls as it tried to come up [...]

In my Market Forecast this weekend, I pointed out that SPX has support between 1550 and 1540.  Yesterday, SPX came down to test 1550 and closed above; today, SPX tested 1540 then bounced again.  Things opened higher this morning, but, selling soon took over.  We found some nice intraday trades on both sides.  MNST was [...]

AAPL has been sliding lower and lower since September 2012.  But, it does seem like it has finally turned the corner.  AAPL was up more than $10 on Friday.  Today, in a down market, AAPL added another $12.06, or +2.72%.  We have been watching and trading AAPL calls for more than a week now.  On [...]

Last weekend, in my Market Forecast, I said, "For the new week, it looks like Nasdaq’s daily MAs are just about to enter into a new bullish phase.  The Dow (not shown here) is actually the furthest along, technically.  SPX is also showing a new bullish phase.  Technically speaking, Nasdaq is lagging.  Financials have been [...]

NTGR’s chart caught my attention tonight.  In early February, NTGR took a big 10% drop after its earnings report.  It came all the way down from $37 to test the support at $33.  Buyers have been slowly buying at just above $33. (to subscribe to our trade alerts, please visit our Services Page or CLICK [...]

The broader market continued to push higher this week, with the Dow making new highs each day.  The Dow ended at 14,539.14 today, up another +83.86 points.  However, some higher flyers have pulled back a bit.  Both GOOG and PCLN were down for the second day.  AMZN received a downgrade today and fell almost $10.  [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, things might be on the weak side to start the week.  Global economic concerns, in addition to the sequester budget cuts at home, may put the stocks on the defensive.  SPX 1500 is the nearest support.  We’ll have to see how things hold [...]