Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XLE, SOXX, GLD, SKX, TSLA, AAPL, XOM, COP, MA, V, GILD, CELG, AKAM, PNRA, MPC, PSX

On Friday, SPX made a new all-time high at 2120.92 and closed at a new closing high at 2117.69. Nasdaq also pushed higher, closing at 5092.08. MSFT jumped more than +10% on Friday and AMZN vaulted more than +14%. GOOG also helped adding almost +3%.

We had a great week, with my Ecstatic Plays portfolio at a new all-time high value:

Ecstatic Plays is now up +161% in the last 365 days, and up more than +15% for 2015. Here are the closed trades for the week:

TSLA calls produced a nice +89% profit!

My Happy Trades portfolio also did very well! SKX calls were a big win, adding more than $10,000 to the portfolio:

To subscribe to Ecstatic Plays, please click HERE. To subscribe to Happy Trades, please click HERE.

For the week, the Dow was up +253.84 points; SPX added +36.51 points; Nasdaq gained +160.28 points. Gold slumped down to around $1180/ounce, while oil (WTI) traded up to about $57/barrel. At the time of this writing, Asian markets were mixed. Let's take a look at where the US markets stood after Friday's close:

SPX

On Friday, SPX added +4.76 points to close at 2117.69. Its daily MAs and MACD moved up.

Nasdaq

Nasdaq gained +36.02 points to close at 5092.08. Its daily MAs and MACD also went higher.

Both SPX and Nasdaq closed on a strong note last week. However, financials were weak and cautious on Greek problems. In addition, semiconductors were down sharply on Thursday and Friday. For the new week...

If you'd like to read the rest of the articles, please subscribe to my Ecstatic Plays product (Click Here).

Posted to Ecstatic Plays on Apr 27, 2015 — 12:04 AM
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