November 25, 2015 Market Wrap Up
The S&P 500 closed the day relatively flat and with little volume. Of course, this made sense, the markets will be closed tomorrow in the US, for the Thanksgiving holiday.
Given the anemic volume, it was also not a surprise to see the VIX close lower, finishing the day at 15.19.
Now, there was a ton of economic data that came out this morning. Durable goods came in better than expected. In addition, jobless claims were at the low end of expectations. Personal income was inline along with new home sales.
As mentioned yesterday, low float stocks continued to be the soup de jour. With volume drying up due to the holiday, traders have been feasting on stocks like Aeterna Zentaris (AEZS) +48%, Opexa Therapeutics (OPXA) +6%, Vital Therapies (VTL) +9%, and KaloBios Pharmaceuticals (KBIO) +45%.
The United States Oil Fund (USO) was flat today after geopolitical headlines dominated the news yesterday.
On the options front, we saw large call buying activity in Constellium (CSTM).
The market is closed tomorrow, but here is what we have for the rest of the week:
Key Earnings:
27 November 2015- BLOX
From all of us at TVC, have a happy and safe Thanksgiving holiday!