December 29, 2016 Market Wrap Up

December 29, 2016 tvcuser Education, Trading ACAS, CEMP, GLD, MATR, NVDA, SLW, TLT, USO, VIX

The markets closed relatively flat today on on lower than average trading volume. With that said, only one more trading day left on the year. The only drama remains is if the Dow Jones Industrial Average will hit 20k by the end of the year. With that said, we’ll need a pretty decent rally to get there, the Dow 30 closed at 19,819.78 today.

Even though trading volume was relatively low, we did see a bid in the VIX, as it closed at 13.37, a rise of 3.24%.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.34%, iShares 20+ Year Treasury Bond (TLT) +0.35%, SPDR Gold Shares (GLD) +1.30%.

Stocks in play today included: Nvidia (NVDA) +2.00%, Silver Wheaton Corp (SLW) +9.42%, and Cempra, Inc. (CEMP) -57.38%

On the options front, we saw large call buying activity in American Capital (ACAS), which traded 31.9 times normal option volume. In addition, we saw heavy put buying in Mattersight Corporation (MATR), which saw 137 times normal options volume.

There are no major economic events or earnings tomorrow. However, we do want to wish you a very healthy prosperous and healthy new years! If you’re still looking for ways to improve your trading in 2017, make sure to check out our courses, they were created by experienced and respected industry leaders.

November 24, 2015 Market Wrap Up

November 24, 2015 tvcuser Education, Trading A, ACAS, AEZS, AVXL, Data, Earnings, Economic, education, OPXA, S&P 500, SIEN, trading, USO, VIX, VTL

The S&P 500 closed the day relatively flat, however; that doesn’t mean we didn’t have a fair share of volatility. Before the U.S. session was open, the futures were down a decent amount, following reports that a Russian fighter jet was shot down by Turkish forces. But as the day progressed, the geopolitical fears subsided and the market got back on track.

Despite a flattish close, the VIX rose slightly, closing at 15.93.

Low float stocks have been the soup de jour this week. With volume drying up due to the holiday, traders have been feasting on stocks like Aeterna Zentaris (AEZS) -10%, Opeca Therapeutics (OPXA) +12%, Vital Therapies (VTL) +5%, Anavex Life Sciences (AVXL) -6.5%, and Sientra (SIEN) +14% … just to name a few.

The energy sector caught a bounce; the United States Oil Fund (USO) as geopolitical concerns dominated the world news.

On the options front, we saw large call buying activity in Agilent Technologies (A). In addition, we saw bearish bets being placed in American Capital (ACAS).

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

Key Economic Data:
25 November 2015- Durable Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, Personal Income 8:30 AM ET, New Home Sales 10:00 AM ET

Key Earnings:
25 November 2015- DE
27 November 2015- BLOX