Both SPX and the Dow made new all-time highs again last week! Financials were very strong, which over-compensated for the weakness in energies.

Stocks took a quick fall on Monday, and SPX tested 2050. But, buyers quickly came in and drove things back up on Tuesday and Wednesday. Thursday saw a little stutter before the latest jobs report. Financials led the markets higher on Friday, as investors cheered the strong jobs data.

For the week, the Dow was up +130.55 points; SPX added +7.81 points; Nasdaq fell 10.87 points. Gold dropped to $1190/ounce and oil tumbled down to below $66/barrel. At the time of this writing, Asian markets were up. Here's where the US markets stood after Friday's close:

SPX

On Friday, SPX added +3.45 points to close at 2075.37. The daily MAs moved up, but, the MACD moved down.

Nasdaq

Nasdaq gained +11.32 points to close at 4780.76. Its MACD was also lower.

Although both SPX and the Dow made new all-time highs, the MACDs are still weak, something to be cautious about. Nasdaq actually ended slightly down last week. For the new week, however, it does seem that the Dow wants to push higher. SPX came close to 1980 on Friday. We will see if it can break above it in the coming week. Financials really pushed the broader market up last week. Most other sectors were not nearly as strong. Oil is still falling and energies are going along with it. Surprisingly, the retail sector pulled back as well.

Sector Watch

FAS (financial)

FAS got a big pop on Friday after the latest jobs report. GS, WFC, BAC, JPM all broke out. V and M continued to make new highs as well. We should look at STI and PNC as well. It's hard to say if the ...

We had a really nice trade on Monday on TRGP puts, which scored an intraday +100% profit!

Even though energy stocks fell sharply last week, the overall market made new highs again! Tech stocks continued to be strong, along with the financials.

For the week, the Dow was up +18.18 points; SPX added +4.06 points; Nasdaq jumped ...

We had another successful week last week, with most of the closed trades profitable and pushing this portfolio to nearly +19% in just two months!

Here are the closed trades:

It's been almost 2 months since I started trading this Happy Trades portfolio.  It is now up almost +19%!  Here's a chart of this portfolio's performance against SPX:

The percentage of profitable trades is 83.8%, which means better than 8-out-of-10 ...

Markets climbed higher yet again last week, with both SPX and the Dow making new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, it does seem like buyers are still trickling in. ...

Markets climbed higher yet again last week, with both SPX and the Dow making new all-time highs. Last weekend, in my Market Forecast, I wrote:

"For the new week, it does seem like buyers are still trickling in. ...

The recent sharp drop in September and October suddenly seems very distant in memory!  Since the intraday low on October 15 when SPX touched 1820, the broader market has rallied back with vengeance and set new all-time highs for consecutive ...

After publishing trades on Markefy for the past 2 months with my Ecstatic Plays Product, which is primarily for active traders, my second product, Happy Trades, is now live.  This new product is geared towards "part-time" investors/traders, who ...

One important thing to note when trading options is that at the end of the month, options are a lot more expensive. This is because the monthly options of the present month had just expired. Traders turn their attention to ...

It was another volatile week. Stocks tumbled during the first 3 days of trading, hitting an intraday low of 1820.66 on Wednesday before bouncing back. But, by Friday's close, SPX was back up to test 1890!

Things once again went ...

It was another volatile week. Stocks tumbled during the first 3 days of trading, hitting an intraday low of 1820.66 on Wednesday before bouncing back. But, by Friday's close, SPX was back up to test 1890!

Things once again went ...