July 9, 2015 Market Wrap Up

The S&P 500 had another volatile trading session, opening the day strong but barely hanging on to gains by the end. All in all, The SPY had a range of 204.77 to 207.35, closing near its low of the day.

With that said, the VIX had a range of 17.20 to 20.15, closing the day near highs at 19.97.

The focus again is on Europe and Asia. The Asian market bounced overnight, however, the Chinese ADRs faded from their highs as we got near the close.

In respect to energy, The Crude Oil futures bounced, snapping a five day losing streak.

On the options front, we saw bullish call buying in Kate Spade and Company (KATE) . We also saw bearish option activity in F5 Networks (FFIV).

Here’s what’s on tap for tomorrow:

Key Economic Data:
9 JULY 2015- Jobless Claims