Stock Market Watch for the Week of January 28th

Education, Trading , , , , ,

Stocks are looking to close the first month of the year in impressive fashion. All major stock indices are up. Led by small-caps, the Russell 2000 is up 10% this year. That said, we’re entering the most important period of January, as a number of high profile stocks are set to report earnings, names like FB, TSLA, AMZN, MSFT, AAPL, MRK and much more.

In addition to a slew of earnings, the FOMC is meeting on Wednesday. However, it appears that the Fed is going to work with the market, and not announce a rate hike during this meeting. One could argue that comments from Fed officials over the past few weeks has been a catalyst to the market rally.

Now, there is still plenty of market uncertainty. For example, the government did reopen, but only for three weeks until an agreement can be made. Also, trade talks with China are still ongoing with no resolution in sight.

That said, the VIX closed at 17.48 on Friday, as markets rallied off the news that the government will be reopened.

graph
Source: Yahoo

Here are how some of the most actively traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.07%, iShares Russell 2000 ETF (IWM) +1.04%, SPDR Dow Jones Industrial Average ETF (DIA) +1.47%, Invesco QQQ Trust (QQQ) +0.93%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +1.99%, iShares 20+ Year Treasury Bond (TLT) +0.28%, SPDR Gold Shares (GLD) +0.61%

Economic Releases:
29 Jan 2019- International Trade in Goods 8:30 AM ET

30 Jan 2019- GDP 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting Announcement 2:00 PM ET

1 Feb 2019- Employment Situation 8:30 AM ET

Key Earnings:
28 Jan 2019- AKS, GGG, WHR, RMBS, CAT, ETH

29 Jan 2019- EAT, DOV, BIIB, GLW, HCA, HOG, LLL, LMT, NUE, PCAR, ROK, VZ, VRX, AAPL, AMGD, AMD, EBAY, HA, JNPR, KLAC, MXIM, PEG, RHI, SYK

30 Jan 2019- ADP, ALLY, ANTM, BA, BEN, GD, HP, MCD, NDAQ, SIRI, T, TMO, CREE, CRUS, DLB, FB, FICO, MDLZ, MSFT, MUR, NOW, PYPL, QCOM, TSLA, V, WYNN

31 Jan 2019- BAX, CHTR, CELG, COP, EPD, GE, MA, NOC, S, UPS, VLO, AMZN, POST, MCK, SYMC

1 Feb 2019- BAH, BERY, CI, CVX, D, HON, JCI, KKR, LYB, MSG, MRK, SPG, WY, XOM, ZBH

Be sure to check out our Active Trading Masters Program | Online Courses

August 6, 2018 The Week Ahead

Education, Trading , , , , , , , , , , , , ,

Despite fears of trade wars escalating, the U.S. stock market continues to march higher, as the S&P 500 has now closed higher for five consecutive weeks.

Apple became the first company to exceed a market cap of more than $1 trillion.

Stocks in play during the week included: AAPL +8.9%, PFE +5.55%, TSLA +17.1%, SHOP -11.4%, TSN -9.1%, and BABA -4.5%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +1.38%, SPDR S&P 500 ETF (SPY) +0.77%, SPDR Dow Jones Industrial Average ETF (DIA) +0.05%, iShares Russell 2000 ETF (IWM) +0.68%

The VIX closed at 11.64 on Friday.

graph

Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -0.35%, iShares 20+ Year Treasury Bond (TLT) -0.20%, SPDR Gold Shares (GLD) -0.79%

Economic Releases:
8 Aug 2018- EIA Petroleum Status Report 10:30 AM ET

9 Aug 2018- Jobless Claims 8:30 AM ET; PPI-FD 8:30 AM ET

10 Aug 2018- Consumer Price Index 8:30 AM ET

Key Earnings:
6 Aug 2018- BID, CAH, CRNT, CTNB, JEC, SEAS, TSN, TWLO, ZG, WTW, THC, NPTN, FIVN, HTZ, MAR, ETSY

7 Aug 2018- DF, DISCA, EMR, EXPD, KMT, MNK, ODP, RDUS, ZBRA, AAOI, BOOT, ALRM, CYBR, DDD, DIS, HDP, LC, MTCH, NEWR, PXD, SNAP, TWNK, WEN, JAZZ, G, INFN

8 Aug 2018- ADT, CTL, DNB, EQIX, FOX, IAC, MNST, NUAN, ROKU, TIVO, YELP, CARS, CHH, CVS, EXTR, GOGO, KORS, MYL, SINA, TRI, VSI

9 Aug 2018- LNG, PRGO, VIAB, AXCM, AL, DBX, MCHP, OLED, SCOR, SNCR, TRNC, TRUE, TTD8

10 Aug 2018- JCP, AIT, RUTH

Be sure to check out our Active Trading Masters Program | Online Courses

September 24, 2017 The Week Ahead

Education, Trading , , , , , , , , , , , ,

The S&P 500 & Dow Jones Industrial Averages closed the week positive. The shining star was small caps, as the Russell 2000 gained more than 1%. However, we did see weakness in some tech names, forcing the Nasdaq to close the week 1% lower.

Shares of AAPL -5%, AMZN -3.21%, FB -0.64, and TSLA -7.56% all finished lower.

Despite the sell off in some high profile tech names, the VIX is not worried. The “fear index” closed at 9.60 on Friday.

graph
Source: TradingView

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +0.10%, iShares Russell 2000 (IWM) +1.33%, SPDR Dow Jones Industrials Average ETF (DIA) +0.34%, and PowerShares QQQ ETF (QQQ) -1.19%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) +0.39%, iShares 20+ Year Treasury Bond (TLT) -0.52%, SPDR Gold Shares (GLD) -1.82%.

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
25 Sep 2017- New Home Sales 8:30 AM ET; Janet Yellen Speech 11:50 AM ET
27 Sep 2017- Durable Goods Orders 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
28 Sep 2017- GDP 8:30 AM ET; International Trade 8:30 AM ET; Jobless Claims 8:30 AM ET
29 Sep 2017- Personal Income 8:30 AM ET

Key Earnings:
25 Sep 2017- ASNA, RHT, SNX
26 Sep 2017- FDS, INFO, MU, NKE
27 Sep 2017- JBL, PIR, THO
28 Sep 2017- BBRY, CAG, MKC, RAD, CAMP, KBH, CMD

Be sure to check out our Active Trading Masters Program | Online Courses

May 2, 2017 Market Wrap Up

Education, Trading , , , , , , , , , , ,

Stocks ended up higher on the day, except for the Russell 2000, which sold off 0.57%, however; the Nasdaq touched all-time highs yet again. The VIX actually closed green, up 4.75% on the day, at 10.59.

Earnings will be the story for the entire week. That said, the FOMC has their key interest rate meeting; however, it is expected that they will not make any changes.

At the time of this writing, this is how some of them stand: Twilio (TWLO) -30%, Apple (AAPL) -1%, Advanced Micro Devices (AMD) -0.25%, Akamai Technologies (AKAM) -9.7%, and Fireeye (FEYE) +10.3%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -2.27%, iShares 20+ Year Treasury Bond (TLT) +0.51%, SPDR Gold Shares (GLD) -0.02%.

On the options front, we saw large call buying activity in New York Reit (NYRT), which traded 30.5 times normal option volume. In addition, we saw heavy put buying in Hologic (HOLX), which traded 19.6 times normal option volume.

Here is what is left on the schedule:

Key Economic Data
03 May 2017- EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting 2:00 PM ET
04 May 2017- International Trade 8:30 AM ET, Jobless Claims 8:30 AM ET
05 May 2017- Employment Situation 8:30 AM ET

Key Earnings
02 May 2017- ADM, AET, CHTR, COH, COP, CVS, EMR, ETN, EXLS, FIS, HCA, HCP, HLT, LL, MA, MOS, MRK, PFE, SABR, SHOP, AAPL, AKAM, APC, BYD, CSOD, DVN, FEYE, FSLR, FTR, GILD, EVHC, GDDY, HUBS, MDLZ, MTCH, OCLR, OKE, TEX, TWLO
03 May 2017- ADP, CDW, CLX, DLPH, EL, FLOW, GRMN, GRPN, HUM, ICE, MCK, NYT, RAI, S, SBGI, SO, TAP, TWX, YUM, AIG, ARRS, ANSS, CAKE, CATM, CF, CRUS, CXO, DDD, FB, FIT, GLUU, LNT, KHC, LVLT, PXD, PRU, RIG, TIVO, TSLA, WMB
04 May 2017- APA, CHD, CHK, D, FLR, INCY, IT, K, OXY, ZTS, VIAB, WLTW, ATVI, CBS, LOGM, MET, MRO, PKI, VECO
05 May 2017- CNP, CTSH, HCN, MC

Be sure to check out our Active Trading Masters Program | Online Courses

October 11, 2016 Market Wrap Up

Education, Trading , , , , , , , , , ,

The S&P 500 saw its fair share of volatility, trading roughly in a 40 point range and closing the day down more than 1.2% In addition, today was one of the rare days where volume in the SPDR S&P 500 traded above its normal average. Earnings kicked off this morning with Alcoa, by most accounts, the quarter was worse than expected. The stock price dropped more than 11% on the day.

The week should pick up in terms of volume and volatility. Tomorrow we have the release of the FOMC minutes along with more earnings, highlighted by the banks on Friday.

Stocks in play today included: Illumina (ILMN) -25%, Rent-A-Center (RCII) -29%, and Apple (AAPL) +.25%

The VIX closed higher at 15.36, up nearly 2 points (14.8%).

Crude oil futures prices dropped about 1%, but still up on the week. The OPEC meeting is still ongoing and set to conclude on Oct 13.

On the options front, we saw large call buying activity in Rayonier Advanced Materials (RYAM), which traded 7.3 times normal option volume. In addition, we saw heavy put buying in Melco Crown Entertainment (MPEL), which saw 5.3 times normal options volume.

Here’s what’s on tap for tomorrow and the rest of the week:

Key Economic Data:
12 Oct 2016- FOMC Minutes 2:00 PM ET
13 Oct 2016- Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET
14 Oct 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
12 Oct 2016- CSX
13 Oct 2016- DAL, LNN, MAR, PGR, AMD, KMG, FRC
14 Oct 2016- C, JPM, PNC, WFC

Be sure to check out our Active Trading Masters Program | Online Courses

September 14, 2016 Market Wrap Up

Education, Trading , , , , , , , , ,

The S&P 500 was not able to hold onto gains today, as it closed slightly lower. The market is relatively flat on the week as it awaits the highly anticipated FOMC announcement next week. One thing is for sure, we’re starting to see more volatility as witnessed by the surge in the VIX over the last four trading days.

Stocks in play today included: Herbalife (HLF) +3.9%, Apple (AAPL) +3.5%, and Monsanto (MON) +0.39%

The VIX caught a bid and is now trading above 18.

Crude oil futures prices are having a rough week thus far. They’re down nearly 6% on the week, and down about 3% today.

On the options front, we saw large call buying activity in LyondellBasell Industries (LYB), which traded 3.9 times normal option volume. In addition, we saw heavy put buying in Level 3 Communications (LVLT), which was 5.5 times normal options volume.

Here’s what’s on tap for tomorrow and Friday:

Key Economic Data:
15 Sep 2016- Jobless Claims 8:30 AM ET, PPI 8:30 AM ET, Retail Sales 8:30 AM ET, Philly Fed Survey 8:30 AM ET, Industrial Production 9:15 AM ET
16 Sep 2016- Consumer Price Index 8:30 AM ET

Key Earnings:
15 Sep 2016- ORCL

Be sure to check out our Active Trading Masters Program | Online Courses

July 26, 2016 Market Wrap Up

Education, Trading , , , , , , , , , , , , ,

The S&P 500 closed relatively flat ahead of a heavy earnings schedule and the FOMC tomorrow. We had earnings out of Twitter (TWTR) -12.3%, Apple (AAPL) +6.2%, and Akamai (AKAM) -10.9%

Stocks in play today include: Linear Technology (LLTC) +27%, Analog Devices (ADI) +13%, Logmein (LOGM) +27.8%, and Cesca Therapeutics (KOOL) +39%.

The VIX closed nearly 1.5% higher, finishing at 13.05.

Crude oil futures prices continue to get hit, now down 5 out of the last 6 days and closing below $43 per barrel.

On the options front, we saw large call buying activity in Kennametal Inc (KMT), which traded 50.1 times normal volume. We also saw a ton of bearish bets being placed in Schlumberger (SLB), which traded 2.8 times usual volume.

Here’s what’s on tap for tomorrow and the rest of the week:

Key Economic Data:
27 July 2016- Durable Goods Orders 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 July 2016- International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET
29 July 2016- GDP 8:30 AM ET

Key Earnings:
27 July 2016- ARMH, ANTM, CMCSA, DB, DPS, GLW, GRMN, HES, HLT, IR, KO, LVLT, MDLZ, MO, NDAQ, NOC, ROK, SIX, STT, SVU, STM, AF, CA, CAKE, CRUS, GRPN, INFN, LM, MCK, NOW, PXD, ORLY, VRTX, WFM, XLNX
28 July 2016- APD, AZN, BWA, BMY, CAB, CELG, CL, CLF, CME, COMM, COP, DOW, ESV, F, GRUB, HOG, HSY, IP, LEA, LLL, MA, MJN, NOV, PENN, POT, WWE, AMZN, CBS, BIDU, CY, DECK, ES, EXPE, GOOGL, HIG, INVN, N, RSG, STRZA, WDC
29 July 2016- ABBV, AN, BUD, CBOE, CPN, CVX, LYB, MRK, NWL, PSX, SAVE, UPS, WG, XOM

Be sure to check out our Active Trading Masters Program | Online Courses

July 24, 2016 The Week Ahead

Education, Trading , , , , , , , , , ,

The S&P 500 closed the week near record levels, making that the fourth straight week of positive gains. We now set up for one of the busiest earning weeks of the year, along with the FOMC meeting on Wednesday.

The VIX continued to decline during the week, closing on Friday at 12.02.

Crude oil futures prices fell about 4% on the week. On the other hand, gold futures prices dropped about 1%. T-bond futures prices closed relatively flat on the week.

As mentioned earlier, earnings season starts really pick up now. We’ll be hearing from Apple (AAPL), Coca-Cola (KO), Mcdonald’s (MCD), Amazon (AMZN), and ExxonMobil (XOM) just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
26 July 2016- New Home Sales 10:00 AM ET
27 July 2016- Durable Goods Orders 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 July 2016- International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET
29 July 2016- GDP 8:30 AM ET

Key Earnings:
25 July 2016- COL, DHR, KMB, S, CR, ESRX, GILD, LVS, TXN
26 July 2016- AKS, ALLY, BAX, BEAV, BP, CAT, CHKP, CVLT, DD, FCX, DD, HOT, JBLU, JNS, KEY, KKR, LLY, MAS, MBLY, MCD, UA, UTX, VLO, VZ, WAT, AAPL, AKAM, APC, ASH, BWLD, CAKE, CAVM, ILMN, IRBT, JNPR, LLTC, PNRA, TWTR, X, ZION
27 July 2016- ARMH, ANTM, CMCSA, DB, DPS, GLW, GRMN, HES, HLT, IR, KO, LVLT, MDLZ, MO, NDAQ, NOC, ROK, SIX, STT, SVU, STM, AF, CA, CAKE, CRUS, GRPN, INFN, LM, MCK, NOW, PXD, ORLY, VRTX, WFM, XLNX
28 July 2016- APD, AZN, BWA, BMY, CAB, CELG, CL, CLF, CME, COMM, COP, DOW, ESV, F, GRUB, HOG, HSY, IP, LEA, LLL, MA, MJN, NOV, PENN, POT, WWE, AMZN, CBS, BIDU, CY, DECK, ES, EXPE, GOOGL, HIG, INVN, N, RSG, STRZA, WDC
29 July 2016- ABBV, AN, BUD, CBOE, CPN, CVX, LYB, MRK, NWL, PSX, SAVE, UPS, WG, XOM

Be sure to check out our Active Trading Masters Program | Online Courses

May 12, 2016 Market Wrap Up

Education, Trading , , , , , , , , ,

The S&P 500 sold off today, however; we closed well above the lows of the day to get near unchanged levels. The Nasdaq sold off nearly 1% as many tech names were under pressure. For example, Apple (AAPL) broke the $90 level during the day, closing down more than 2%.

We also saw continued selling in retail names for the second straight day. Not to mention, another strong day in Amazon (AMZN) +0.5%, closing above $716 per share. We had earnings out of Nordstrom this evening, shares have dropped more than 16% in the after hours… again, following similar companies who have already posted earnings results.

The United States Oil Fund (USO) was up more than 0.88% today, shaking off earlier losses in the day.

The VIX dropped nearly 2%, closing the day at 14.69.

On the options front, we saw large call buying activity in Endo International PLC (ENDP). In addition, we saw heavy put buying in Bristow Group Inc (BRS), which saw 11.4 times usual options volume.

Here’s what’s left for the rest of the week:

Key Economic Data:
13 May 2016- Retail Sales 8:30 AM ET, PPR-FD 8:30 AM ET

Key Earnings:
13 May 2016- JCP

April 28, 2016 Market Wrap Up

Education, Trading , , , , , , , , , , , ,

It was a pretty busy day in the markets, so let’s highlight some of the key events that went down. First, the futures took a hit pre-market after the Bank of Japan decided not to add further stimulus. It was widely accepted that they would continue to add stimulus and that was not the case at all.

With that said, the S&P 500 managed to rally into the green. That’s with a weaker than expected GDP number. However, we started to see some selling pressure after Billionaire Investor, Carl Icahn gave some cautious views on the market, not to mention, he sold all of his Apple (AAPL) stake, which took the stock and the overall market down.

The S&P 500 closed down nearly 1%, gold futures were up nearly 2%, and silver futures were more than 2%.

The VIX caught a bid, closing the day at 15.22, an increase of more than 10%.

Crude Oil shrugged off the weakness in the equity markets as it continues to chase the $50 per barrel level. The futures are currently trading above $46 per barrel.

On the options front, we saw large call buying activity in Tronox (TROX). In addition, we saw heavy put buying in Synaptics Incorporated (SYNA), which saw 3.2 times usual options volume.

This evening we got earnings out of Amazon (AMZN) +11.7%, Linkedin (LNKD) +11%, Pandora (P) +8%, and Skyworks Solutions (SWKS) -4.1% to name a few.

Here’s what’s left for the last trading day of the month:

Key Economic Data:
29 April 2016- Personal Income and Outlays 8:30 AM ET

Key Earnings:
29 April 2016- CBOE, PSX, SHPG, XOM, TYC