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 week and my Ecstatic Plays portfolio value made a new all-time high!
Our CHL calls made a +127% profit and TSLA calls garnered +112.6% gain. Here are the closed trades for the week:
For the week, the Dow was up +294.41 points; SPX added +35.1 points; Nasdaq gained +109.04 points. Gold got a good pop on Monday and ended the week up, trading above $1200/ounce. Oil (WTI) also bounced, closing above $51/barrel. Let's at a look at the US markets:
On Friday, SPX added +10.88 points to close at 2102.06. It closed above its daily MAs. Its MACD went up.
Nasdaq gained +21.41 points to close at 4995.98. Its daily MAs and MACD turned up.
Both indices made advances for the week. They are now, once again, at the top end of the trading range since February. For the new week...
If you'd like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).