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  • Can Nasdaq Push Higher? SPX, Nasdaq, FB, AMZN, BIDU, V, DECK, SBUX, MLNX, GLD, Z, TRLA

    SPX made another new all-time high yesterday, breaking above 1991! FB made a new all-time high as well. We locked in a nice overnight gain of +160%! We cashed out on FB August calls and used the profit to buy cheaper weekly calls, which brought our risk down to "0"! LNKD calls also did well yesterday!

    • 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%

    (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 major market indices were little changed:

    HGX (housing) tumbled 2.73%. BTK (biotech) pulled back 1.53%. SOXX (semiconductor) fell 1.53%. FDN (internet) and IGV (software) gained about +1%. GLD (gold) fell 1.01%.

    Nasdaq

    It looks like Nasdaq is testing the recent high. 4500 could be a tough resistance for Nasdaq to break. Last night's earnings were mixed.

    AMZN is down more than 10% after reporting a quarterly loss! AMZN share price targets were lowered by many analysts! V traded lower after giving a lower-than-expected revenue forecast. DECK shares traded higher by more than $5 reporting a solid quarter and raising its guidance! SBUX trade about 2% lower even after beating its earnings estimates; its guidance was a bit soft. MLNX traded up by +6.44% after delivering earnings that were inline with the estimates. Z and TRLA both jumped higher on rumors that Z is in advanced talks to buy TRLA for $2 billion! Z vaulted +15% and TRLA popped +32%!

    The market indices may need to take a pause, but, it seems like there are lots news stocks to make this a busy Friday!

    Good morning and HappyTrading! ™

    Sign up for FREE membership!

    Tags: FB, AMZN, BIDU, V, DECK, SBUX, MLNX, GLD, Z, TRLA
    Jul 25 8:09 AM | Link | Comment!
  • AAPL Rises, FB Beats, SPX At New All-Time High, Biotechs Roar! SPX, Nasdaq, AAPL, FB, BIIB, CMG, XLNX, ISRG, CELG, TRIP, BIDU, SINA, VMW

    This market just keeps pushing higher and higher! SPX made a new all-time high again, at 1989.23, just shy of 1990! AAPL's blase earnings was good enough for investors buy more, up +2.61%. Out of the gate, biotech stocks jumped. PBYI grabbed the spotlight by gaining +295% in one day, from a previous close of $59.03 to $233.43, and an intra-day high of $241.42! The company reported positive results in its *** cancer drug. Just 10 contracts of Aug 65 calls would have easily turned $5,900 to $160,000 to $170,000! At the beginning of this year, ICPT jumped from around $72 to nearly $500 in just 2 days!! BIIB's +11% rise after a strong quarter was greatly dwarfed in comparison. CELG climbed almost +3% ahead of its earnings.

    CMG has risen about $70 since its quarterly report on Monday. ISRG popped more than +17%, after delivering a strong quarter. I think ISRG could be on its way to above the $500 mark! The "ugly duckling" of the day was XLNX, which fell more than 14% of soft revenue outlook. After the market, FB shares popped to a new all-time high, trading above $75/share, as its revenue rose +61%.

    We have been locking in profits as this market keeps rising:

    • 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%

    Our calls on BIDU, SINA, VMW, and FB did really well!

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

    As stocks keep climbing, more and more individual trader/investors are returning to the markets. I'm going to bring back the good ol' buy-one-get-one-free deal for a month! Until the end of August, if you subscribe to a new service, you'll get another service of your choice for FREE!

    The Dow was down 26.91 points; SPX added +3.48 points; Nasdaq gained +17.68 points:

    SOXX (semiconductor) went down 2.3 (after XLNX's report). BTK (biotech) popped +2.22%. FDN (internet) went up slightly.

    SPX

    SPX added +3.48 points to close at 1987.01. Its daily MAs and MACD went up.

    Nasdaq

    Nasdaq gained +17.68 points to close at 4473.7. Its daily MAs and MACD also went up.

    Are buyers chasing stocks now? Although SPX and the Dow are at all-time highs, tech stocks still seem to have a lot of room to go higher. FB's strong earnings should give the internet stocks another boost tomorrow, although TRIP stumbled on its own foot as its EPS missed. Nasdaq's recent high was 4485. Let's see if it can make a new breakout! We'll be keeping an eye on AAPL for $100+!

    Good night and HappyTrading! ™

    Sign up for FREE membership!

    Tags: AAPL, FB, BIIB, CMG, XLNX, ISRG, CELG, TRIP, BIDU, SINA, VMW
    Jul 24 5:03 AM | Link | Comment!
  • Markets Pull Back After Malaysia Plane Shot Down: SPX, Nasdaq, IBM, GOOG, SNDK, HUM, WLP, UNH, CF

    Stocks opened lower on Thursday, but, buyers quickly came in. However, in the afternoon, things took a quick turn to the downside, as a Malaysia plane was shot down over Ukraine, and Israel launched a ground offensive! Both SPX and Nasdaq ended down more than 1%.

    SNDK fell 13.56% after the company gave weak guidance for Q3. On the upside, CF broke out higher, after a 3-day climb; it ended up $5.52 above $250/share. Healthcare stocks HUM, WLP, and UNH popped higher UNH stated that it would expand private health plan products on government exchanges under the Affordable Care Act ("Obamacare").

    After the market, IBM reported weaker-than-expected sales; its stock retreated 2% in after-hours trading. GOOG delivered a solid quarter with rising revenue. However, the trading in after-hours was muted, leaving its stock up just +1%.

    The Dow was down 161.39 points; SPX fell 23.45 points; Nasdaq tumbled 62.52 points:

    SOXX (semiconductor) fell 2.52%. BTK (biotech) dropped 2.53%. XLF (financial) lost 1.31%.

    SPX

    SPX sank 23.45 points to close at 1958.12. It closed below the 30-day MA. Its MACD fell.

    Nasdaq

    Nasdaq stumbled 62.52 points to close at 4363.45. It also closed below its 30-day MA.

    Both SPX and Nasdaq closed below their respective 30-day MAs. This drop is pretty sharp. I expect stocks to rebound a bit on Friday. There will be buyers on pullbacks. But, the recent quick drops should start to raise warning flags. Already, we have been seeing some selling on strength. Just this morning, the Dow made a new all-time high at nearly 17,150! But, the Dow closed below 17,000. Things are quite volatile right now. It demonstrates that stocks are not stable at these levels, at least not for now. Both Nasdaq and SPX are testing lows from last week. The Dow is holding up better. SLB dropped 1%, as its profit fell. Let's see how oil services do tomorrow.

    Good night and HappyTrading! ™

    Sign up for FREE membership!

    Tags: IBM, GOOG, SNDK, HUM, ANTM, UNH, CF
    Jul 18 2:13 AM | Link | Comment!
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