The market was very volatile this past week. But, we were patient on our trades and had another profitable week. My Ecstatic Plays portfolio is now up +116.6%!

Our puts on BIDU and V added to our portfolio and were more than enough to offset the losses that we took on DWA calls:

On Monday, the market was basically flat. By Tuesday afternoon, selling pressure had picked up. Wednesday saw a big bounce as buyers rushed in after Fed's dovish comments. But, the bullishness did not last. The selling returned on Thursday, which ran into Friday. Techs were heavily hit as semiconductors were really weak after MU reported weak demand from China.

For the week, the Dow was down 645.59 points; SPX fell 61.77 points; Nasdaq tumbled 199.39 points. Oil had another big down week; WTI is now below $85/barrel. Gold got a nice bounce, trading around $1233/ounce. At the time of this writing, Asian markets were down. Here's where the US markets closed on Friday:

SPX

SPX dropped 22.08 points to close at 1906.13. The MACD and daily MAs fell.

Nasdaq

Nasdaq lost 102.1 points to close at 4276.24. It closed below its lower Bollinger Band.

All three major market indices took a big drop on Friday. SPX was pretty much testing its August low, while Nasdaq penetrated below its respective mark. For the new week...

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