Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq - April 27, 2015

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 Playsplease click HERE. To subscribe to Happy Tradesplease 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…

Disclosure: None.

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