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  • Weekly Wrap-Up + June 2014 Monthly Wrap-Up: CREE, AMZN, YELP, SINA, WHR, FAS, GS, SCTY, NFLX

    Happy Independence Day!

    Market pushed higher again, up both for first week of the 2nd half, and for the month of June! We traded on both sides. Calls on CREE, AMZN, YELP, SINA, FAS, and GS all produced very good results. WHR puts gave us a +106% profit.

    Here are the trades for this week:

    • 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%

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

    These are the trades for the month of June:

    • 12:39 | Ecstatic Plays LNKD ($171.25) Sold to Close 07C170 Jul 170 calls, at $5.85 +13%
    • 07:52 | Ecstatic Plays SINA ($50.10) Sold to Close 07C47.5 Jul 48 calls, at $4.05 +13%
    • 07:19 | Ecstatic Plays SINA ($49.60) Sold to Close 07C45 Jul 45 calls, at $5.00 +49%
    • 07:28 | Ecstatic Plays SPY ($195.33) Bought to Open 0703P196 Jul 196 put, at $1.24 EXPIRED
    • 10:17 | HappyTrading AMZN ($327.00) Sold to Close 07C330 Jul 330 calls, at $6.90 +10%
    • 09:58 | Ecstatic Plays SINA ($48.60) Sold to Close 07C45 Jul 45 calls, at $4.40 +31%
    • 07:39 | HappyTrading V ($209.80) Sold to Close 0621P210 Jun 210 put, at $0.62 -59%
    • 10:23 | HappyTrading SCTY ($67.00) Sold to Close 0627C65 Jun 65 calls, at $4.00 +25%
    • 10:22 | HappyTrading YELP ($75.70) Sold to Close 07C75 Jul 75 calls, at $5.20 +18%
    • 10:17 | Ecstatic Plays QIHU ($90.70) Sold to Close 0627C90 Jun 90 calls, at $3.00 +5%
    • 10:04 | HappyTrading SCTY ($67.70) Sold to Close 0627C65 Jun 65 calls, at $4.80 +50%
    • 08:12 | Ecstatic Plays QIHU ($92.00) Sold to Close 0627C90 Jun 90 calls, at $3.80 +33%
    • 09:36 | HappyTrading FAS ($98.25) Sold to Close 06P100 Jun 100 put, at $2.30 -30%
    • 09:14 | HappyTrading WYNN ($197.10) Sold to Close 06P200 Jun 200 put, at $4.10 -1%
    • 09:06 | HappyTrading WHR ($137.00) Sold to Close 06P140 Jun 140 put, at $3.40 +106%
    • 08:59 | HappyTrading FSLR ($68.70) Sold to Close 06C65 Jun 65 calls, at $3.89 +2%
    • 08:40 | HappyTrading FAS ($95.30) Sold to Close 06P100 Jun 100 put, at $4.90 +48%
    • 08:12 | HappyTrading GMCR ($118.70) Sold to Close 06C115 Jun 115 calls, at $4.75 +20%
    • 07:26 | HappyTrading CELG ($160.70) Sold to Close 06P160 Jun 160 calls, at $1.25 -52%
    • 10:46 | Ecstatic Plays YELP ($66.00) Sold to Close 06C65 Jun 65 calls, at $2.70 -25%
    • 10:34 | Ecstatic Plays NFLX ($423.50) Sold to Close 0613P425 Jun 425 put, at $4.10 +19%
    • 10:00 | HappyTrading GMCR ($121.50) Sold to Close 06C117 Jun 117 calls, at $6.10 +54%
    • 10:39 | Ecstatic Plays TSLA ($202.30) Sold to Close 06P205 Jun 205 put, at $6.60 +21%
    • 11:03 | HappyTrading FSLR ($62.70) Sold to Close 06C60 Jun 60 calls, at $3.50 -10%
    • 06:34 | HappyTrading GMCR ($120.00) Sold to Close 06C115 Jun 115 calls, at $7.30 +147%
    • 10:17 | Ecstatic Plays AAPL ($645.00) Sold to Close 0613P647.5 Jun 648 put, at $11.00 +10%
    • 07:59 | HappyTrading GS ($165.30) Sold to Close 06C160 Jun 160 calls, at $5.70 +78%
    • 11:46 | HappyTrading FSLR ($64.20) Sold to Close 06C65 Jun 65 calls, at $1.84 -37%
    • 11:40 | HappyTrading GS ($162.90) Sold to Close 06C160 Jun 160 calls, at $3.85 +20%
    • 08:14 | Ecstatic Plays NTES ($71.20) Sold to Close 06C70 Jun 70 calls, at $2.25 +13%
    • 08:41 | Ecstatic Plays AAPL ($644.50) Sold to Close 06C640 Jun 640 calls, at $15.20 +11%
    • 08:34 | HappyTrading IBM ($184.80) Sold to Close 06P185 Jun 185 put, at $2.20 -6%
    • 06:44 | HappyTrading FSLR ($64.60) Sold to Close 06C60 Jun 60 calls, at $5.37 +39%
    • 07:15 | Ecstatic Plays TSLA ($206.00) Sold to Close 06P210 Jun 210 put, at $9.50 -15%

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

    On Friday, buyers cheered again as the latest job data showed the unemployment rate fall down to 6.1%! But, with the Dow closing above 17,000 and the SPX also at a new all-time high, floating above 1985, I think we'll have to be a little more cautious. Psychologically, we could see some investors wanting to lock in some profits. Technically speaking, we just keep getting more toppy! Meanwhile, the US markets are closed on Friday for the country's Independence Day. Have a wonderful long weekend! I'll be back this weekend to go over the charts in more detail.

    Happy July 4th and HappyTrading! ™

    Sign up for FREE membership!

    Tags: CREE, AMZN, YELP, SINA, WHR, FAS, GS, SCTY, NFLX
    Jul 04 8:00 AM | Link | Comment!
  • A Quick Pullback After The Recent New Highs! SPX, Nasdaq, CSCO, CF, AGU, MON, GS, WFC, JPM

    Stocks made new highs earlier this week, with SPX going above 1,900 and the Dow soaring to 16,735! But, yesterday, the mood changed again! SPX managed to close above 1870, while the Dow fell 167 points. Even with CSCO reporting a strong quarter and adding over +6%, Nasdaq fell more than 31 points!

    Things have been very volatile. Agriculture stocks were on their way to breakouts, but, quickly pulled back: CF lost almost $9; AGU was down 2.39%; MON fell $1.6. Financials experienced similar developments in the past few days. GS, WFC, and JPM were strong earlier this week, but, in one quick pullback, they are right back to where they started!

    SPX

    SPX fell 17.68 points to close at 1870.85. It closed right at its 30-day MA. The MACD turned down.

    Nasdaq

    Nasdaq lost 31.33 points to close at 4069.29. It closed below its daily MAs. The MACD was slightly lower.

    SPX looks like it could still be consolidating. Nasdaq, although look weak again, is not too far from the recent base, with support at around 4,000. Things may be too volatile to trade right now. Better to hold mostly cash and just trade lightly. As noted in my Market Forecast this weekend, SPX has support between 1860 to 1850. Let's see how these support levels hold up!

    Good night and HappyTrading! ™

    Sign up for FREE membership!

    Tags: CSCO, CF, AGU, MON, GS, WFC, JPM
    May 18 3:47 AM | Link | Comment!
  • Internet Stocks Plunge Again! GOOG, PCLN, NFLX, TWTR, FB, YELP, OPEN, CTRP, NTES, BIDU, VIPS, XLE, EOG, APC, SLB, NOV, OXY, APA

    It looks like fund managers are doing some hefty shifting! Biotech stocks, in the past couple of months, have gone from making new highs to having sharp pull-backs. Although the pull-backs started a little later for the internet stocks, they seem to have been moved to the "dump list" as well! A few days of bounces was obliterated by quick pull-backs again! The "dumping" was not restricted to US internet stocks, Chinese internet stocks were "equally discriminated"! Oxymoronic, you say? Yes, ironically, the Dow was up triple digits, but, more about that later!

    In the past couple of days, GOOG fell about $20; PCLN tumbled $60; NFLX lost $30; TWTR lost almost 30%; FB dropped about 10%. YELP went from its earnings pop of about $66 to yesterday's low of $49. OPEN was down 3.81%. Chinese internets swooped as well: CTRP -5.59%; BIDU -4.16%; VIPS -6.52%; NTES -3.33%.

    The Dow was up +117.52 points; SPX added +10.49 points; Nasdaq fell 13.09 points:

    SPX

    SPX added +10.49 points to close at 1878.21. It closed just above its 10-day MA. The MACD was flat.

    Nasdaq

    Nasdaq fell 13.09 points to close at 4067.67. It closed below its daily MAs and the MACD was down.

    While internets were selling off, healthcare stocks pushed higher. HUM rallied +8.43% after reporting earnings. WLP added +2.36% and UNH gained +3.52%. Energy sector seem to have become the recent favorite:

    XLE

    XLE just made a new all-time high! EOG, SLB, and APC were among today's winners and recent leaders. NOV, OXY, and APA, which have been pretty much dormant since 2011, seemed to have some buyers attention now.

    Other the energy stokcs, financials also did well:

    FAS


    FAS gained +3.68% today. But, it is still looking weak. It is, at best, neutral right now.

    But, with healthcare, energy, and financial stocks gaining, it was more enough to offset the losses in tech stocks to keep the broader market up. It is still difficult to say where the broader market is heading. Without the techs participating, I don't think the broader market can break higher. At the same time, it doesn't seem to be breaking down either. As discussed in my Market Forecast this weekend, I think we'll have to be very picky in the stocks that we trade right now. It looks like we could find winners on both sides of the fence.

    Good night and HappyTrading! ™

    Sign up for FREE membership!

    Tags: GOOG, PCLN, NFLX, TWTR, FB, YELP, OPEN, CTRP, NTES, BIDU, VIPS, XLE, EOG, APC, SLB, NOV, OXY, APA
    May 08 3:33 AM | Link | Comment!
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