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  • July 2014 Monthly Wrap: WFM, WHR, LNKD, FB, AMZN, CREE, SCTY

    The month of July was mostly about earnings. Tech earnings were especially strong. Social network stocks did really well, mostly. We had some nice trades this month with a few triple-digit winners:

    • 10:04 | Ecstatic Plays WFM ($39.10) Sold to Close 08C37.5 Aug 38 calls, at $2.05 +105%
    • 08:10 | HappyTrading FFIV ($113.00) Sold to Close 08C115 Aug 115 calls, at $1.59 -56%
    • 06:51 | HappyTrading UNH ($80.70) Sold to Close 08P85 Aug 85 put, at $4.25 +35%
    • 06:39 | HappyTrading WHR ($141.22) Sold to Close 08P145 Aug 145 put, at $4.95 +73%
    • 07:43 | HappyTrading FDO ($75.70) Sold to Close 08C75 Aug 75 calls, at $1.15 +7%
    • 07:37 | Ecstatic Plays VMW ($100.90) Sold to Close 08C95 Aug 4 calls, at $6.00 +50%
    • 06:51 | HappyTrading APC ($112.00) Sold to Close 08C110 Aug 110 calls, at $4.00 -11%
    • 09:29 | Ecstatic Plays VIX ($12.50) Sold to Close 0820C12 Aug 12 calls, at $1.55 +11%
    • 07:51 | Ecstatic Plays VIX ($12.35) Sold to Close 08C12 Aug 12 calls, at $1.55 +11%
    • 09:20 | Ecstatic Plays MPC ($78.60) Sold to Close 08C77.5 Aug 78 calls, at $2.65 +26%
    • 08:35 | Ecstatic Plays SPY ($197.60) Sold to Close 0725P197 Jul 197 put, at $0.10 -91%
    • 07:26 | Ecstatic Plays SCTY ($73.30) Sold to Close 0801C170 Aug 170 calls, at $4.75 +44%
    • 06:33 | Ecstatic Plays LNKD ($177.50) Sold to Close 0725C170 Jul 170 calls, at $7.55 +152%
    • 06:39 | Ecstatic Plays LNKD ($174.00) Sold to Close 0725C170 Jul 170 calls, at $4.55 +52%
    • 06:31 | HappyTrading FB ($76.00) Sold to Close 0725C70 Jul 70 calls, at $7.00 +160%
    • 07:30 | HappyTrading SINA ($49.40) Sold to Close 08C47.5 Aug 48 calls, at $3.50 +29%
    • 07:11 | HappyTrading FB ($70.20) Sold to Close 08C65 Aug 65 calls, at $6.55 +56%
    • 08:58 | Ecstatic Plays VMW ($96.75) Sold to Close 08C95 Aug 95 calls, at $6.00 +50%
    • 07:26 | Ecstatic Plays HLF ($57.00) Sold to Close 0725P52.5 Jul 53 put, at $1.50 -54%
    • 07:21 | HappyTrading FB ($69.20) Sold to Close 08C65 Aug 65 calls, at $5.80 +38%
    • 06:49 | HappyTrading SINA ($49.00) Sold to Close 08C47.5 Aug 48 calls, at $3.40 +25%
    • 06:32 | HappyTrading BIDU ($199.80) Sold to Close 0725P190 Jul 190 calls, at $12.00 +35%
    • 07:02 | HappyTrading BIDU ($196.50) Sold to Close 0725C190 Jul 190 calls, at $9.75 +10%
    • 07:34 | HappyTrading SWKS ($52.45) Sold to Close 08C48 Aug 48 calls, at $5.00 +67%
    • 06:48 | HappyTrading SWKS ($51.45) Sold to Close 08C48 Aug 48 calls, at $4.20 +40%
    • 06:36 | HappyTrading TLT ($114.85) Sold to Close 08C113 Aug 113 calls, at $2.28 +27%
    • 06:34 | Ecstatic Plays TSLA ($216.00) Sold to Close 07P220 Jul 220 put, at $4.20 +9%
    • 09:48 | Ecstatic Plays TSLA ($218.60) Sold to Close 07P220 Jul 220 put, at $4.05 +5%
    • 06:53 | Ecstatic Plays SCTY ($65.70) Sold to Close 07P66.5 Jul 67 put, at $1.67 -33%
    • 06:48 | Ecstatic Plays MA ($79.10) Sold to Close 08C75 Aug 75 calls, at $4.65 +55%
    • 06:45 | HappyTrading FAS ($103.80) Sold to Close 07C103 Jul 103 calls, at $1.80 -28%
    • 06:39 | Ecstatic Plays MA ($78.73) Sold to Close 08C75 Aug 75 calls, at $4.49 +50%
    • 06:33 | HappyTrading PNC ($88.20) Bought to Open 08C87.5 Aug 88 calls, at $2.15 EXPIRED
    • 07:53 | HappyTrading SNDK ($103.90) Sold to Close 07P105 Jul 105 put, at $4.00 -15%
    • 08:25 | Ecstatic Plays WFC ($51.85) Bought to Open 07C51.5 Jul 52 calls, at $0.90 EXPIRED
    • 06:48 | Ecstatic Plays FDO ($62.80) Sold to Close 07C65 Jul 65 calls, at $0.45 -67%
    • 06:45 | HappyTrading VIX ($13.00) Sold to Close 0716C10.5 Jul 11 calls, at $2.75 +104%
    • 08:43 | HappyTrading JKS ($27.50) Sold to Close 07C29 Jul 29 calls, at $0.80 -68%
    • 08:41 | HappyTrading LVS ($75.10) Sold to Close 07C77.5 Jul 78 calls, at $0.50 -71%
    • 07:50 | HappyTrading VIX ($12.35) Sold to Close 0716C10.5 Jul 11 calls, at $2.10 +56%
    • 07:11 | HappyTrading LNKD ($164.40) Sold to Close 07P170 Jul 170 put, at $7.50 +79%
    • 07:00 | HappyTrading LNKD ($164.60) Sold to Close 07P170 Jul 170 put, at $7.00 +67%
    • 06:50 | Ecstatic Plays SCTY ($66.90) Sold to Close 07P70 Jul 70 put, at $4.30 +72%
    • 08:39 | HappyTrading MON ($125.30) Sold to Close 07C125 Jul 125 calls, at $1.67 -46%
    • 08:30 | Ecstatic Plays SCTY ($68.30) Sold to Close 07P70 Jul 70 put, at $3.65 +46%
    • 08:05 | Ecstatic Plays GMCR ($125.10) Sold to Close 07C126 Jul 126 calls, at $2.16 -12%
    • 09:31 | HappyTrading CREE ($53.10) Sold to Close 07C50 Jul 50 calls, at $3.35 +46%
    • 06:35 | HappyTrading CREE ($52.50) Sold to Close 07C50 Jul 50 calls, at $3.10 +35%
    • 08:12 | HappyTrading SFLY ($49.90) Sold to Close 07C47.5 Jul 48 calls, at $3.10 +41%
    • 08:09 | HappyTrading SINA ($52.50) Sold to Close 07C50 Jul 50 calls, at $3.30 +10%
    • 07:28 | Ecstatic Plays GOOG ($583.50) Sold to Close 0703C580 Jul 580 calls, at $4.30 -19%
    • 06:34 | Ecstatic Plays AMZN ($335.70) Sold to Close 07C330 Jul 330 calls, at $10.50 +56%
    • 06:33 | Ecstatic Plays AMZN ($334.80) Sold to Close 07C330 Jul 330 calls, at $10.00 +49%
    • 07:00 | HappyTrading YELP ($78.10) Sold to Close 07C75 Jul 75 calls, at $5.10 +35%
    • 07:28 | Ecstatic Plays SPY ($195.33) Bought to Open 0703P196 Jul 196 put, at $1.24 EXPIRED

    (to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video. Don't forget to check out the "Buy-one-get-one-FREE" deal!)

    The broader market seesawed back-and-forth throughout the month, but mostly kept above SPX 1960. Nasdaq was bolstered up by internet and biotech stocks. It was until last week that the selling pressure finally pushed the indices back.

    This week, we haven't traded much at all. The market is very unstable right now. On Monday, stocks bounced, but, yesterday, stocks dropped again! It's probably better to hold cash until things calm down a bit. We'll wait and see if buyers on the sideline are willing to buy again on this dip.

    Good night and HappyTrading! ™

    Tags: WFM, WHR, LNKD, FB, AMZN, CREE, SCTY
    Aug 06 2:24 AM | Link | Comment!
  • Markets Tumble As Argentina Defaults: SPX, Nasdaq, DJI, YELP, GOOG, PCLN, LNKD, FB, WLP, HUM, UNH, GS, JPM, WFC

    US market took a sharp drop yesterday, as Argentina defaults on its $1.3 billion of debt. Jobless claims were more than expected, which didn't help. Stocks gapped down and kept sinking lower!

    High-flying internet stocks pulled back with the broader market: PCLN -1.07%; GOOG -2.69%; YELP -11.16%; FB -2.71%. Healthcare stocks were weak again: WLP -2.37%; HUM -2.24%; UNH -2.29%. Financials were among the weakest: JPM -2.1%; GS -1.64%; WFC -2.3%.

    After the market, LNKD reported earnings that topped analysts' estimates. Its shares popped initially to $208 from Thursday close of $180.64. The shares settled at $194.2 in the evening trading.

    On Wednesday, I saw that the broader market was showing some weakness and cashed out some trades on the longside and initiated trades on the downside. We were able to capture some nice wins:

    • 10:04 | Ecstatic Plays WFM ($39.10) Sold to Close 08C37.5 Aug 38 calls, at $2.05 +105%
    • 08:10 | HappyTrading FFIV ($113.00) Sold to Close 08C115 Aug 115 calls, at $1.59 -56%
    • 06:51 | HappyTrading UNH ($80.70) Sold to Close 08P85 Aug 85 put, at $4.25 +35%
    • 06:39 | HappyTrading WHR ($141.22) Sold to Close 08P145 Aug 145 put, at $4.95 +73%
    • 07:43 | HappyTrading FDO ($75.70) Sold to Close 08C75 Aug 75 calls, at $1.15 +7%
    • 07:37 | Ecstatic Plays VMW ($100.90) Sold to Close 08C95 Aug 4 calls, at $6.00 +50%
    • 06:51 | HappyTrading APC ($112.00) Sold to Close 08C110 Aug 110 calls, at $4.00 -11%

    VMW calls gave up a +50% profit. WHR puts yielded an overnight +73% gain! UNH puts did pretty well adding a +35% win overnight. WFM dropped sharply after its earnings. But, buyers came in after the market open. Even in a weak market, the buying was supported by the technicals. So, we jumped in on WFM calls, which resulted in a "daily double" in just a couple of hours, good for a +105% profit!

    (to subscribe to our trade alerts, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video. Don't forget to check out the "Buy-one-get-one-FREE" deal!)

    The Dow was down 317.06 points; SPX tumbled 39.4 points; Nasdaq lost 39.13 points:

    Most sectors were down around 2%! XLF (financial) lost 2.05%. FDN (internet) fell 2.22%. BTK (biotech) dropped 2.41%.

    SPX

    SPX tumbled 39.4 points to close at 1930.67. Its MACD dropped sharply.

    Nasdaq

    Nasdaq fell 93.13 points to close at 4369.77.

    I've been saying for a couple of weeks now that I think the markets need to consolidate a bit. Stocks were already weak on Wednesday, although some buyers came in after Fed's rate announcements. The Dow was actually giving clues early:

    DJI

    As you can see here, the Dow had dropped down to its 30-day MA on 7/25, and had not been able to rise higher. The 10-day MA was sloping downwards. On Wednesday, SPX and Nasdaq managed to close in the green, but, the Dow was again in the red. It was already pushing on its daily lower Bollinger Band. This is why I was increasingly cautious and picked up puts on Wednesday.

    With the market major indices falling 2% in one day, I'd expected some buyers to come in on Friday. But, this drop changes the tone of the broader market. Buyers should be more cautious now. We also have the latest unemployment rate due out on Friday morning. Let's see how the market reacts.

    Good morning and HappyTrading! ™

    Sign up for FREE membership!

    Tags: YELP, GOOG, PCLN, LNKD, FB, ANTM, HUM, UNH, GS, JPM, WFC
    Aug 01 5:34 AM | Link | Comment!
  • Social Networking Stocks Go Higher: SPX, Nasdaq, TWTR, YELP, LNKD, NFLX, HUM, UNH, WLP, X, SINA, SOHU, RHT, VMW

    Stocks opened higher on Wednesday on solid GDP data. But, profit-taking drove the market into negative territory. However, after the Fed reaffirmed its intention to keep the rates low, buyers came back in again!

    Social networking stocks were strong today, after TWTR delivered strong earnings. TWTR popped +20% and it looks like it'll go higher in the coming days. Its nearest resistance is at around $50. YELP and LNKD also traded up, adding +8.81% and +4.2%, respectively. After the market, YELP reported a 4-cent-per-share profit for Q2, versus the concensus of a 3 cents loss! This is YELP's first profittable quarter after its IPO. In after-hours trading, YELP initially jumped to $82, but, ended the evening session slightly lower. I think this is just traders' knee-jerk reaction (and/or manipulation). YELP's quarterly report is stellar, including a strong guidance! YELP should go back to test $100 before the end of the year.

    NFLX managed to bounce +2.38%. X also vaulted nearly +20% after the company said the market has "bounced back quite well," especially demand for flat-rolled steel. On the downside, HUM dropped 5.63% after releasing earnings with rising costs. UNH traded down 1.57%. WLP was also down more than 3% in the morning, but, managed to close flat.

    The Dow was down 31.75 points; SPX added +0.12 point; Nasdaq gained +20.2 points:

    SOXX (semiconductor) bounced +1.01%. BTK (biotech) moved higher again. FDN (internet) added +1.52%.

    SPX

    SPX added +0.12 point to close at 1970.07. It closed right at its 30-day MA. The MACD went down.

    Nasdaq

    Nasdaq gained +20.2 points to close at 4462.9. Its daily MAs were slightly up.

    The market was mixed today. Although SPX closed flat, it is starting to show weakness. The Dow closed lower. However, techs were still strong. Besides, internet stocks, software was quite strong as well. Both RHT and VMW broke out higher! In my Market Forecast this weekend, I thought we'd see more consolidation. Chinese stocks continued to be strong. Shanghai's stock index (SSEC) ramped up higher on Thursday again! SINA and SOHU have been making a base for a long time now. I think these two are ready to make a move up!

    Good night and HappyTrading! ™

    Sign up for FREE membership!

    Tags: TWTR, YELP, LNKD, NFLX, HUM, UNH, ANTM, X, SINA, SOHU, RHT, VMW
    Jul 31 5:16 AM | Link | Comment!
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