Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, XRT, GS, WFC, JPM, APA, EOG, INCY, CELG, DVN, BIIB, AMGN, GILD, VRTX, JAZZ, CLVS, AMZN, NFLX, RL, COST

After struggling for two months in a tight trading range, markets broke out last week. Just about every sector locked in gains. Even metals and mining stocks went higher!

For the week, the Dow was up +195.06 points; SPX added +41.52 points; Nasdaq gained +149.44 points. Gold was basically flat, trading just below $1230/ounce. Oil got a huge bounce, closing at $53/barrel. At the time of this writing, Asian markets were mostly up, even though Greece failed to secure an extension on its bailout package. Here's where the US markets closed on Friday:

SPX

On Friday, SPX added +8.51 points to close at 2096.99. Its daily MAs and MACD moved up.

Nasdaq

Nasdaq gained +36.22 points to close at 4893.84. Its daily MAs and MACD also went up.

Both indices vaulted higher last week. Even though Greece and the Euro Zone still have not reached an agreement on the bailout package, markets in Asia do not seem to be adversely affected too much. For the new week...

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Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, XRT

After struggling for two months in a tight trading range, markets broke out last week.  Just about every sector locked in gains.  Even metals and mining stocks went higher!

For the week, the Dow was up +195.06 points; SPX added ...

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Comments

Markets Sail Higher + $10 14-Day Trial + Weekly Wrap-Up!

Happy President's Day!

Markets vaulted higher last week with SPX hitting a new all-time high and Nasdaq only about 2% away from the 5000 mark!  Strong earnings and stabilization of oil prices gave investors more confidence to stay in the ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, FAS, FDN, AIG, BIDU, SOHU, APA, TSO, GOOG, AMZN, LNKD, TWTR, NFLX

Markets rallied last week, as oil bounced. Energy shares were strong. Financials also got a good pop. We traded well last week pushing the Ecstatic Plays portfolio to a new high! Our calls on energy and internet plays did very ...

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

Markets rallied last week, as oil bounced.  Energy shares were strong.  Financials also got a good pop.  We traded well last week pushing the Ecstatic Plays portfolio to a new high!  Our calls on energy and internet plays did very ...

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Big Movers Wednesday! NFLX, WYNN, CMG, RL, GILD, DIS, DATA, GMCR

This market has been really volatile, and, we have been finding winners on both sides!  Today, my Ecstatic Plays portfolio reached a new all-time high, up +136% in the past 365 days:

If this was a chart for a stock, ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XRT, XLE, FAS, FDN, WFC, PNC, STI, YELP, TWTR, LNKD, EXPE, APC, XOM, BP, UA, KORS

Markets took a tumble last week. Things were again volatile. Although big tech companies such as AAPL, GOOG, and AMZN delivered solid earnings, they were not able to offset the overall weakness.

We had positions on both sides going into ...

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

Markets took a tumble last week.  Things were again volatile.  Although big tech companies such as AAPL, GOOG, and AMZN delivered solid earnings, they were not able to offset the overall weakness.

We had positions on both sides going into ...

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Amazon (AMZN) Finally Delivers!

For a year now, AMZN has been disappointing investors, not being able to produce a solid quarter.  Since reach above $400 in January 2014, AMZN stock has dropped down to below $285, and struggled to establish a base between about ...

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Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, IGV, GOOG, AMZN, FB, OSTK, YHOO, MA, V, PSX, VLO, TSO, BIIB, CELG, AMGN

Markets bounced last week and we had a very good week locking in profits on upside trades, as discussed in my Weekly Wrap-Up post.

For the week, the Dow was up +161.03 points; SPX added +32.4 points; Nasdaq gained ...

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Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, FDN, IGV

Markets bounced last week and we had a very good week locking in profits on upside trades, as discussed in my Weekly Wrap-Up post.

For the week, the Dow was up +161.03 points; SPX added +32.4 points; Nasdaq gained ...

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Weekly Wrap-Up: TWTR, BIDU, BA, OXY

The market managed a bounce this past week.  Earnings have been mixed, with weakness in the financials.  Energy stocks were still listless, although refiners (TSO, PSX, MPC, VLO) were on fire last week, "proverbially", as literally would not have been ...

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