The market hung on to its gains in a strong week, led by the financials. The financials took off on Tuesday as positive news came out of the stress test. Other sectors joined in, but, commodity sectors stayed flat until Friday. Energy stocks saw some buying today.
We had another $uper week with lots of high-profit trades from both Ecstatic Plays and HappyTrading. We started the week with a +125% gain on YOKU. CTSH gave us a +136% win on Tuesday. We booked quick gains on GOOG and GS, with near intraday doubles. On Thursday, FAS gave us more intraday wins. Here are the closed trades for the week.
10:04 | HappyTrading CREE ($31.05) Sold to Close 0323C30 Mar 30 calls, at $1.42 +31%
06:42 | Ecstatic Plays AAPL ($579.00) Sold to Close 03P585 Mar 585 put, at $7.15 +25%
09:55 | Ecstatic Plays FAS ($107.30) Sold to Close 0323C105 Mar 105 calls, at $4.45 +59%
09:40 | Ecstatic Plays FAS ($107.00) Sold to Close 0323C105 Mar 105 calls, at $4.35 +55%
08:14 | Ecstatic Plays NFLX ($104.50) Sold to Close 03P105 Mar 105 put, at $2.20 -8%
08:01 | HappyTrading BIIB ($121.00) Sold to Close 03C120 Mar 120 calls, at $1.68 -1%
07:36 | Ecstatic Plays ISRG ($531.00) Sold to Close 03C530 Mar 530 calls, at $3.60 -18%
07:34 | HappyTrading FMCN ($26.90) Sold to Close 04C26 Apr 26 calls, at $2.85 +24%
07:11 | Ecstatic Plays BIDU ($139.10) Sold to Close 03C140 Mar 140 put, at $1.00 -39%
12:28 | HappyTrading GS ($124.60) Sold to Close 03C120 Apr 120 calls, at $7.65 +74%
12:15 | HappyTrading GS ($123.75) Sold to Close 04C120 Apr 120 calls, at $7.00 +59%
12:01 | Ecstatic Plays GOOG ($610.90) Sold to Close 03C610 Mar 610 calls, at $5.00 +56%
10:51 | HappyTrading WHR ($77.28) Sold to Close 03C75 Mar 75 calls, at $2.60 +49%
10:48 | HappyTrading CTSH ($75.00) Sold to Close 03C72.5 Mar 73 calls, at $2.60 +136%
10:43 | Ecstatic Plays GOOG ($612.30) Sold to Close 03C610 Mar 610 calls, at $5.80 +81%
10:33 | HappyTrading CTSH ($74.40) Sold to Close 03C72.5 Mar 73 calls, at $2.15 +95%
10:32 | HappyTrading WHR ($77.10) Sold to Close 03C75 Mar 75 calls, at $2.40 +37%
12:05 | HappyTrading ASNA ($43.00) Sold to Close 03C41 Mar 41 calls, at $2.10 +50%
07:38 | Ecstatic Plays YOKU ($28.50) Sold to Close 03C25 Mar 25 calls, at $3.90 +95%
07:19 | Ecstatic Plays YOKU ($29.50) Sold to Close 03C25 Mar 25 calls, at $4.50 +125%
In the Trading Room, we have been on target with trades on both sides on AAPL:
March 14, 2012 7:49 AM
might not see selling until $600
On Thursday, AAPL hit just above $600 and started to see some profit-taking.
March 15, 2012 10:01 AM
could drop down to test yesterday's low in a hurry...
March 15, 2012 11:07 AM
585 weekly puts from $4 to $10 in 1 hour!
We have some really "happy" members this week, as Skymist exclaims,
March 16, 2012 11:28 AM
Best week of the year for me Happ! My stock account is up about 25%! Your site is an inspiration and your ideas are always worth looking at.
In my Market Forecast for the week, which was published on Sunday evening last week, I specifically pointed out that the financials looked ready to help the market break out, "If the market breaks out, the financials, ironically, are in a good position to add more gains."
We are getting questions from many new members. If you're looking to subscribe to our services, consider trying the Golden Package, which gives you a built-in discount on 3 services of your choice. The HappyTrading Premium Articles gives you access to my weekly Market Forecast, in which I discuss, in one simple paragraph, what to expect for the new week to come. Then, we look at major sectors and trade ideas that may lead the moves in the market.
Trading Room give you access to our discussion forum during the trading hours, in which members engage in real-time discussion on what's going on in the market. For trade alerts, you'd want to pick the Email Alerts. There are two separate trade alert services: HappyTrading and Ecstatic Plays. Ecstatic Plays is specifically for people who are watching the market during the trading hours and the trades are faster and riskier.
If you're new to the site, please read our "Help" page, which has answers to all the FAQs. There's a "Help" link on the bottom of the site page, and, under the "About" button.
SPX managed to closed just above 1400. Can this market continue to push higher? We'll take a closer look at the market on Sunday in my weekly Market Forecast.
Have a great weekend, everyone!
Good night and HappyTrading! ™