MyHappyTrading's Instablog MyHappyTradingTM is a social network site with a focus on the global financial markets. It is an online community where you can share your thoughts and your investment/trade ideas with the community and the network that you build. Our Basic Membership is FREE. MyHappyTradingTM provides you the tools to: + find info about financial matters that interest you + create your own financial network + discuss/exchange investment/trading ideas with other members + publish your ideas for others to see (with opportunities to Make Money $$$) + learn/exchange investment and trading techniques from other members + or, simply just be entertained by the contents created by the community Our goal is to foster a friendly, fun, and creative environment where our members can Create Wealth, Together. MyHappyTrading http://seekingalpha.com/author/myhappytrading/instablog Stocks Rally Back To Erase Morning Loss! HPQ, VIX, PCLN, GLD, CRUS, APC, MPC, TSO, WDC, STX, MRVL http://seekingalpha.com/instablog/64337-myhappytrading/1889591-stocks-rally-back-to-erase-morning-loss-hpq-vix-pcln-gld-crus-apc-mpc-tso-wdc-stx-mrvl?source=feed 1889591 Last night, Asian markets took huge drops after manufacturing data from China came out weaker than expected. Japan's Nikkei tumbled more than 7%! This morning, SPX gapped down 20 points at open, but, buyers came in after about an hour into the trading. There were some big swings! For instance, PCLN traded as low as $784 at open and ended the day above $803, almost a $20 swing. Energy stocks such as APC, APC, and TSO all bounced right back before the close.

Gold and silver bounced as well. GLD gained +2% and could turn bullish.

HPQ popped more than +17% as the company raised its forecast. We picked up HPQ calls yesterday just before the close and scored an overnight +113% winner. We took some profits today and also cut some losses:

  • 12:51 | HappyTrading TSLA ($92.70) Sold to Close 0531C95 May 95 calls, at $2.70 +6%
  • 07:01 | HappyTrading MOS ($58.60) Sold to Close 06C62.5 Jun 63 calls, at $0.45 -72%
  • 06:54 | HappyTrading VIX ($15.00) Sold to Close 0619C15 Jun 15 calls, at $2.00 +38%
  • 06:53 | HappyTrading HPQ ($23.80) Sold to Close 06C21 May 21 calls, at $2.80 +115%

The Dow ended down 12.67 points; SPX slid 4.84 points; Nasdaq was down just 3.88 points. Well, in this uncharted territory, we are now finally establishing some resistance and support levels. In my Market Forecast this weekend, I said, "Technically speaking, things are toppy. We have to be careful here. On the downside, the nearest support is between SPX 1640 and 1630." Well, today the market tested the support and buyers came right back in. The resistance level now is SPX 1680.

I think we'll start seeing some volatile days. VIX tested 15 today, and we took some of our VIX calls off the table. It is amazing how strong this market is. Lots of money is still trying to come in. Energy stocks are getting stronger. With a nice forecast from HPQ, techs should draw in more buyers. WDC and STX were strong today. MRVL reported a solid quarter after the market today and traded +6.54% higher in after-hours.

We haven't been trading a whole lot because things are technically overbought. With a market holiday on Monday for Memorial Day, let's take things easy until next Tuesday!

Good night and HappyTrading! ™

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]]> Fri, 24 May 2013 03:34:17 -0400 Last night, Asian markets took huge drops after manufacturing data from China came out weaker than expected. Japan's Nikkei tumbled more than 7%! This morning, SPX gapped down 20 points at open, but, buyers came in after about an hour into the trading. There were some big swings! For instance, PCLN traded as low as $784 at open and ended the day above $803, almost a $20 swing. Energy stocks such as APC, APC, and TSO all bounced right back before the close.

Gold and silver bounced as well. GLD gained +2% and could turn bullish.

HPQ popped more than +17% as the company raised its forecast. We picked up HPQ calls yesterday just before the close and scored an overnight +113% winner. We took some profits today and also cut some losses:

  • 12:51 | HappyTrading TSLA ($92.70) Sold to Close 0531C95 May 95 calls, at $2.70 +6%
  • 07:01 | HappyTrading MOS ($58.60) Sold to Close 06C62.5 Jun 63 calls, at $0.45 -72%
  • 06:54 | HappyTrading VIX ($15.00) Sold to Close 0619C15 Jun 15 calls, at $2.00 +38%
  • 06:53 | HappyTrading HPQ ($23.80) Sold to Close 06C21 May 21 calls, at $2.80 +115%

The Dow ended down 12.67 points; SPX slid 4.84 points; Nasdaq was down just 3.88 points. Well, in this uncharted territory, we are now finally establishing some resistance and support levels. In my Market Forecast this weekend, I said, "Technically speaking, things are toppy. We have to be careful here. On the downside, the nearest support is between SPX 1640 and 1630." Well, today the market tested the support and buyers came right back in. The resistance level now is SPX 1680.

I think we'll start seeing some volatile days. VIX tested 15 today, and we took some of our VIX calls off the table. It is amazing how strong this market is. Lots of money is still trying to come in. Energy stocks are getting stronger. With a nice forecast from HPQ, techs should draw in more buyers. WDC and STX were strong today. MRVL reported a solid quarter after the market today and traded +6.54% higher in after-hours.

We haven't been trading a whole lot because things are technically overbought. With a market holiday on Monday for Memorial Day, let's take things easy until next Tuesday!

Good night and HappyTrading! ™

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]]> hpq pcln gld crus apc mpc tso wdc stx mrvl Time For Some Consolidation! TSLA, GOOG, SODA, DDD, SSYS, MA, GS, AIG, PCLN, ESI, APOL, COCO, DV http://seekingalpha.com/instablog/64337-myhappytrading/1859321-time-for-some-consolidation-tsla-goog-soda-ddd-ssys-ma-gs-aig-pcln-esi-apol-coco-dv?source=feed 1859321 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 stocks have also faired well: both DDD and SSYS made new all-time highs today!

So, how high can this market go without a respite?! Well, I think the market is about to take one. SPX 1650 could be a psychological barrier, one of those "whole number" levels! Technically speaking, the market is toppy. I would really find it unlikely to go push higher without some consolidation. If it continues to push higher without a break, it'll have to go parabolic! This bull market, though, is unlike the tech boom back in 2000. This time, the Dow and SPX are leading the way, which means the rally is broadly based. In fact, techs, so far, have been lagging!

One group that really took off today was the education and training services. ESI vaulted almost +18%! APOL gained more than +9%. COCO popped +8.46%. DV added +5.49%. Let's keep our eyes on this group. I think a lot of shorts will need to cover their positions in these stocks!

We didn't chase the market today. We'll see how the market does tomorrow. If the market keeps going, I wouldn't complain if this rally turns parabolically higher!

Good night and HappyTrading! ™

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]]> Wed, 15 May 2013 03:22:07 -0400 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 stocks have also faired well: both DDD and SSYS made new all-time highs today!

So, how high can this market go without a respite?! Well, I think the market is about to take one. SPX 1650 could be a psychological barrier, one of those "whole number" levels! Technically speaking, the market is toppy. I would really find it unlikely to go push higher without some consolidation. If it continues to push higher without a break, it'll have to go parabolic! This bull market, though, is unlike the tech boom back in 2000. This time, the Dow and SPX are leading the way, which means the rally is broadly based. In fact, techs, so far, have been lagging!

One group that really took off today was the education and training services. ESI vaulted almost +18%! APOL gained more than +9%. COCO popped +8.46%. DV added +5.49%. Let's keep our eyes on this group. I think a lot of shorts will need to cover their positions in these stocks!

We didn't chase the market today. We'll see how the market does tomorrow. If the market keeps going, I wouldn't complain if this rally turns parabolically higher!

Good night and HappyTrading! ™

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]]> tsla goog soda ddd ssys ma gs aig pcln esi apol coco dv Market Forecast + Sector Watch: SPX, Nasdaq, GLD, FDN, XLE, XME, GOOG, PCLN, CRM, EQIX, TSO, HES, MPC, WLT, CLF, CMI, JOY http://seekingalpha.com/instablog/64337-myhappytrading/1850961-market-forecast-sector-watch-spx-nasdaq-gld-fdn-xle-xme-goog-pcln-crm-eqix-tso-hes-mpc-wlt-clf-cmi-joy?source=feed 1850961 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 weeks to see where the resistances will appear. On the downside 1600 should now be the initial support."

Well, indeed, the market did glide higher. There were some stutters on Thursday and Friday, but, buyers came in at every weakness. The market closed on a strong note on Friday. We also enjoyed a nice week with mostly winning trades.

For the week, the Dow was up +144.53 points; SPX added +19.28 points; Nasdaq gained +57.95 points. As the dollar popped higher, Gold took a quick drop, trading below $1440/ounce. Oil was little changed, staying above $95/barrel. At the time of this writing, Asian markets were mixed. Japan's Nikkei was rising to a new all-time high as yen fell further against the dollar. Here's how the US markets looked after Friday's close:

SPX

On Friday, SPX added +7.03 points to close at 1633.7. It closed above 1630. Its daily MAs and MACD went up.

Nasdaq

Nasdaq gained +27.41 points to close at 3436.58. Its daily MAs and MACD also pushed higher.

Buyers finally started to move into techs. VIX tried to rise, but, closed the week pretty much flat. For the new week...

To read the rest of this article, please subscribe to HappyTrading "Premium Articles" by going to the Premium Services (click here) page. If you are already a subscriber, please click here: Market Forecast 5/12/13.

]]> Sun, 12 May 2013 23:38:41 -0400 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 weeks to see where the resistances will appear. On the downside 1600 should now be the initial support."

Well, indeed, the market did glide higher. There were some stutters on Thursday and Friday, but, buyers came in at every weakness. The market closed on a strong note on Friday. We also enjoyed a nice week with mostly winning trades.

For the week, the Dow was up +144.53 points; SPX added +19.28 points; Nasdaq gained +57.95 points. As the dollar popped higher, Gold took a quick drop, trading below $1440/ounce. Oil was little changed, staying above $95/barrel. At the time of this writing, Asian markets were mixed. Japan's Nikkei was rising to a new all-time high as yen fell further against the dollar. Here's how the US markets looked after Friday's close:

SPX

On Friday, SPX added +7.03 points to close at 1633.7. It closed above 1630. Its daily MAs and MACD went up.

Nasdaq

Nasdaq gained +27.41 points to close at 3436.58. Its daily MAs and MACD also pushed higher.

Buyers finally started to move into techs. VIX tried to rise, but, closed the week pretty much flat. For the new week...

To read the rest of this article, please subscribe to HappyTrading "Premium Articles" by going to the Premium Services (click here) page. If you are already a subscriber, please click here: Market Forecast 5/12/13.

]]> gld fdn xle xme goog pcln crm eqix tso hes mpc wlt clf cmi joy Weekly Wrap-Up 5/12/13: SWKS, FFIV, CF, GOOG, SOHU, SINA, APC, SLB, FB, PCLN, EXPE http://seekingalpha.com/instablog/64337-myhappytrading/1849771-weekly-wrap-up-5-12-13-swks-ffiv-cf-goog-sohu-sina-apc-slb-fb-pcln-expe?source=feed 1849771 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 higher throughout the week on M&A activities in the Chinese internet space. CF produced a +93% win on eanings. APA calls were an overnight gain of +121% on earnings. Here are the closed trades for the week:

  • 12:43 | Ecstatic Plays GOOG ($878.00) Sold to Close 05880 May 880 calls, at $8.00 +4%
  • 12:15 | Ecstatic Plays GOOG ($879.00) Sold to Close 05C880 May 880 calls, at $8.70 +13%
  • 10:53 | HappyTrading SWKS ($23.60) Sold to Close 05C21 May 21 calls, at $2.67 +57%
  • 12:05 | HappyTrading AAPL ($458.00) Sold to Close 05C470 May 470 calls, at $2.70 -40%
  • 11:55 | HappyTrading CMG ($370.00) Sold to Close 05C375 May 375 calls, at $3.20 -24%
  • 08:52 | HappyTrading FFIV ($79.35) Sold to Close 05C75 May 75 calls, at $4.60 +48%
  • 07:03 | Ecstatic Plays SINA ($57.70) Sold to Close 05C55 May 55 calls, at $3.90 +10%
  • 06:47 | HappyTrading CF ($194.70) Sold to Close 05C185 May 185 calls, at $10.25 +93%
  • 06:44 | Ecstatic Plays APA ($81.50) Sold to Close 05C75 May 75 calls, at $6.40 +121%
  • 12:55 | Ecstatic Plays SINA ($57.80) Sold to Close 05C55 May 55 calls, at $4.15 +17%
  • 12:47 | HappyTrading CF ($191.15) Sold to Close 05C185 May 185 calls, at $8.50 +60%
  • 09:33 | Ecstatic Plays BIDU ($92.50) Sold to Close 05C90 May 90 calls, at $3.45 +17%
  • 07:27 | HappyTrading SOHU ($54.90) Sold to Close 05C50 May 50 calls, at $5.00 +163%
  • 10:37 | Ecstatic Plays DXJ ($48.53) Sold to Close 05C47 May 47 calls, at $1.80 +20%
  • 10:26 | Ecstatic Plays SLB ($76.80) Sold to Close 05C75 May 75 calls, at $2.30 +28%
  • 08:19 | HappyTrading FFIV ($77.80) Sold to Close 05C75 May 75 calls, at $3.25 +5%
  • 08:18 | HappyTrading APC ($87.80) Sold to Close 05C85 May 85 calls, at $3.35 +34%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video)

If you're still waiting on the sideline, you've gotta come into this market! There are both quick and steady money to be made!

GOOG's glasses seem to be catching a lot of attention. Its stock seems to be on its way to $900+ and it wouldn't surprise me to see GOOG testing $1000 this years. PCLN popped after earnings and is looking for a breakout; even EXPE bounced. Kuwait just made a $3 billion deal with Airbus; it'll be interesting to see how BA trades on Monday. I suspect that if BA gets a pullback, dip-buyers will come in within a couple of days. Commodities were weak on Friday as the dollar rose. Financials seem to be hold steady. Biotechs were strong again on M&A activities. We'll look at these sectors in more detail later on this evening in my weekly Market Forecast & Sector Watch.

Happy Mother's Day and HappyTrading! ™

Sign up for FREE membership!

]]> Sun, 12 May 2013 13:52:01 -0400 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 higher throughout the week on M&A activities in the Chinese internet space. CF produced a +93% win on eanings. APA calls were an overnight gain of +121% on earnings. Here are the closed trades for the week:

  • 12:43 | Ecstatic Plays GOOG ($878.00) Sold to Close 05880 May 880 calls, at $8.00 +4%
  • 12:15 | Ecstatic Plays GOOG ($879.00) Sold to Close 05C880 May 880 calls, at $8.70 +13%
  • 10:53 | HappyTrading SWKS ($23.60) Sold to Close 05C21 May 21 calls, at $2.67 +57%
  • 12:05 | HappyTrading AAPL ($458.00) Sold to Close 05C470 May 470 calls, at $2.70 -40%
  • 11:55 | HappyTrading CMG ($370.00) Sold to Close 05C375 May 375 calls, at $3.20 -24%
  • 08:52 | HappyTrading FFIV ($79.35) Sold to Close 05C75 May 75 calls, at $4.60 +48%
  • 07:03 | Ecstatic Plays SINA ($57.70) Sold to Close 05C55 May 55 calls, at $3.90 +10%
  • 06:47 | HappyTrading CF ($194.70) Sold to Close 05C185 May 185 calls, at $10.25 +93%
  • 06:44 | Ecstatic Plays APA ($81.50) Sold to Close 05C75 May 75 calls, at $6.40 +121%
  • 12:55 | Ecstatic Plays SINA ($57.80) Sold to Close 05C55 May 55 calls, at $4.15 +17%
  • 12:47 | HappyTrading CF ($191.15) Sold to Close 05C185 May 185 calls, at $8.50 +60%
  • 09:33 | Ecstatic Plays BIDU ($92.50) Sold to Close 05C90 May 90 calls, at $3.45 +17%
  • 07:27 | HappyTrading SOHU ($54.90) Sold to Close 05C50 May 50 calls, at $5.00 +163%
  • 10:37 | Ecstatic Plays DXJ ($48.53) Sold to Close 05C47 May 47 calls, at $1.80 +20%
  • 10:26 | Ecstatic Plays SLB ($76.80) Sold to Close 05C75 May 75 calls, at $2.30 +28%
  • 08:19 | HappyTrading FFIV ($77.80) Sold to Close 05C75 May 75 calls, at $3.25 +5%
  • 08:18 | HappyTrading APC ($87.80) Sold to Close 05C85 May 85 calls, at $3.35 +34%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video)

If you're still waiting on the sideline, you've gotta come into this market! There are both quick and steady money to be made!

GOOG's glasses seem to be catching a lot of attention. Its stock seems to be on its way to $900+ and it wouldn't surprise me to see GOOG testing $1000 this years. PCLN popped after earnings and is looking for a breakout; even EXPE bounced. Kuwait just made a $3 billion deal with Airbus; it'll be interesting to see how BA trades on Monday. I suspect that if BA gets a pullback, dip-buyers will come in within a couple of days. Commodities were weak on Friday as the dollar rose. Financials seem to be hold steady. Biotechs were strong again on M&A activities. We'll look at these sectors in more detail later on this evening in my weekly Market Forecast & Sector Watch.

Happy Mother's Day and HappyTrading! ™

Sign up for FREE membership!

]]> swks ffiv cf goog sohu sina apc slb fb pcln expe Market Forecast + Sector Watch: XLE, SOXX, FDN, XLF, GOOG, HES, OXY, GS, C, BRCM, MA, PCLN, APA, PNC, NOV, V, SLB, APC, ASML, XLNX, LNKD, YELP http://seekingalpha.com/instablog/64337-myhappytrading/1828161-market-forecast-sector-watch-xle-soxx-fdn-xlf-goog-hes-oxy-gs-c-brcm-ma-pcln-apa-pnc-nov-v-slb-apc-asml-xlnx-lnkd-yelp?source=feed 1828161 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 begin the week. Of course, plenty of earnings are still coming in. We'll be watching the commodities this week. I think if we see some rotation and/or new money going into the lagging sectors, this market can keep climbing."

The market glided higher on Monday and Tuesday, but, took a nosedive on Wednesday as the PMI data from China was lower than expected. However, dip-buyers immediately came in on Thursday and stocks quickly recovered. On Friday, the latest jobs report showed further improvement and stocks jumped. Major market indices finished at new all-time highs!

For the week, the Dow was up +261.41 points; SPX gained +32.18 points; Nasdaq jumped points. Gold bounced a bit, trading at near $1470/ounce. Oil also went up, closing just below $97/barrel. At the time of this writing, Asian markets were higher. Let's see where the US markets closed on Friday:

SPX

SPX added +16.83 points to close at 16142.42. Its daily MAs and MACD went up.

Nasdaq

Nasdaq popped +38.01 points to close at 3378.63. Its daily MAs and MACD also went higher.

Both SPX and Nasdaq broke out higher. Nasdaq was especially strong on Friday. VIX sank to below 13! For the new week...

To read the rest of this article, please subscribe to HappyTrading "Premium Articles" by going to the Premium Services (click here) page. If you are already a subscriber, please click here: Market Forecast 5/3/13.

]]> Mon, 06 May 2013 01:59:39 -0400 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 begin the week. Of course, plenty of earnings are still coming in. We'll be watching the commodities this week. I think if we see some rotation and/or new money going into the lagging sectors, this market can keep climbing."

The market glided higher on Monday and Tuesday, but, took a nosedive on Wednesday as the PMI data from China was lower than expected. However, dip-buyers immediately came in on Thursday and stocks quickly recovered. On Friday, the latest jobs report showed further improvement and stocks jumped. Major market indices finished at new all-time highs!

For the week, the Dow was up +261.41 points; SPX gained +32.18 points; Nasdaq jumped points. Gold bounced a bit, trading at near $1470/ounce. Oil also went up, closing just below $97/barrel. At the time of this writing, Asian markets were higher. Let's see where the US markets closed on Friday:

SPX

SPX added +16.83 points to close at 16142.42. Its daily MAs and MACD went up.

Nasdaq

Nasdaq popped +38.01 points to close at 3378.63. Its daily MAs and MACD also went higher.

Both SPX and Nasdaq broke out higher. Nasdaq was especially strong on Friday. VIX sank to below 13! For the new week...

To read the rest of this article, please subscribe to HappyTrading "Premium Articles" by going to the Premium Services (click here) page. If you are already a subscriber, please click here: Market Forecast 5/3/13.

]]> xle soxx fdn xlf goog hes oxy gs c brcm ma pcln apa pnc nov v slb apc asml xlnx lnkd yelp Markets At New All-time Highs! Weekly Wrap-Up May 5, 2013: AAPL, GOOG, FB, APC, FDX, SAP, RAX, WDC, STX http://seekingalpha.com/instablog/64337-myhappytrading/1826631-markets-at-new-all-time-highs-weekly-wrap-up-may-5-2013-aapl-goog-fb-apc-fdx-sap-rax-wdc-stx?source=feed 1826631 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 overall have been beating the estimates.

We started out this week with a +118% profit on AAPL calls. Wednesday's quick drop prompted us to raise some cash. But, dip-buyers came in right away on Thursday. Our GOOG calls worked well and gave up another good trade with +62%. FB earnings response was muted, but, our in-the-money trade still did well. Here are the closed trades for the week:

  • 07:08 | Ecstatic Plays GOOG ($841.00) Sold to Close 0510C830 May 830 calls, at $15.50 +55%
  • 07:01 | HappyTrading APC ($86.40) Sold to Close 05C85 May 85 calls, at $3.00 +20%
  • 06:46 | Ecstatic Plays GOOG ($842.50) Sold to Close 0510C830 May 830 calls, at $16.17 +62%
  • 12:47 | HappyTrading FB ($29.00) Sold to Close 05C27 May 27 calls, at $2.08 +54%
  • 08:42 | Ecstatic Plays GOOG ($822.00) Sold to Close 0503C825 May 825 calls, at $3.70 -42%
  • 08:02 | HappyTrading GS ($143.20) Sold to Close 05C145 May 145 calls, at $1.90 -42%
  • 12:28 | Ecstatic Plays FB ($27.80) Sold to Close 05C27 May 27 calls, at $1.73 +23%
  • 12:26 | HappyTrading FB ($27.80) Sold to Close 05C27 May 27 calls, at $1.73 +28%
  • 07:39 | Ecstatic Plays AAPL ($428.00) Sold to Close 0503C415 May 415 calls, at $14.40 +118%
  • 07:27 | Ecstatic Plays AAPL ($426.80) Sold to Close 0503C415 May 415 calls, at $13.40 +103%
  • 07:12 | Ecstatic Plays AAPL ($242.50) Sold to Close 0503C415 May 415 calls, at $11.45 +73%

(to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video)

A lot of names that took big drops last month are starting to turn around. For instance, FDX, SAP, and RAX are all turning bullish. Data storage stocks are drawing buyers again. Both WDC and STX had a big week last week. We'll take a closer look at some of the lagging sectors this evening. Now that the major market indices are at new all-time highs, are retail investors going to come back into the game? Dip-buyers have been buying on every dip. On Wednesday, I said, "Every time the market pulled back, big buyer came in and drove the market even higher!" I also commented, "This market is so strong, we might not see much of a pullback." If you're still on the sidelines, it's time to join the party!

Stay tuned... I'll be back later on this evening with next week's Market Forecast!

HappyTrading! ™

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]]> Sun, 05 May 2013 13:38:02 -0400 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 overall have been beating the estimates.

We started out this week with a +118% profit on AAPL calls. Wednesday's quick drop prompted us to raise some cash. But, dip-buyers came in right away on Thursday. Our GOOG calls worked well and gave up another good trade with +62%. FB earnings response was muted, but, our in-the-money trade still did well. Here are the closed trades for the week:

  • 07:08 | Ecstatic Plays GOOG ($841.00) Sold to Close 0510C830 May 830 calls, at $15.50 +55%
  • 07:01 | HappyTrading APC ($86.40) Sold to Close 05C85 May 85 calls, at $3.00 +20%
  • 06:46 | Ecstatic Plays GOOG ($842.50) Sold to Close 0510C830 May 830 calls, at $16.17 +62%
  • 12:47 | HappyTrading FB ($29.00) Sold to Close 05C27 May 27 calls, at $2.08 +54%
  • 08:42 | Ecstatic Plays GOOG ($822.00) Sold to Close 0503C825 May 825 calls, at $3.70 -42%
  • 08:02 | HappyTrading GS ($143.20) Sold to Close 05C145 May 145 calls, at $1.90 -42%
  • 12:28 | Ecstatic Plays FB ($27.80) Sold to Close 05C27 May 27 calls, at $1.73 +23%
  • 12:26 | HappyTrading FB ($27.80) Sold to Close 05C27 May 27 calls, at $1.73 +28%
  • 07:39 | Ecstatic Plays AAPL ($428.00) Sold to Close 0503C415 May 415 calls, at $14.40 +118%
  • 07:27 | Ecstatic Plays AAPL ($426.80) Sold to Close 0503C415 May 415 calls, at $13.40 +103%
  • 07:12 | Ecstatic Plays AAPL ($242.50) Sold to Close 0503C415 May 415 calls, at $11.45 +73%

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A lot of names that took big drops last month are starting to turn around. For instance, FDX, SAP, and RAX are all turning bullish. Data storage stocks are drawing buyers again. Both WDC and STX had a big week last week. We'll take a closer look at some of the lagging sectors this evening. Now that the major market indices are at new all-time highs, are retail investors going to come back into the game? Dip-buyers have been buying on every dip. On Wednesday, I said, "Every time the market pulled back, big buyer came in and drove the market even higher!" I also commented, "This market is so strong, we might not see much of a pullback." If you're still on the sidelines, it's time to join the party!

Stay tuned... I'll be back later on this evening with next week's Market Forecast!

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