November 17, 2015 Market Wrap Up

November 18, 2015 tvcuser Education, Trading ARG, Data, Earnings, Economic, education, Events, GNC, HLF, S&P 500, SPY, SUNE, trading, ULTA, USO, VIX

The S&P 500 closed the day relatively flat, after a surprising rally yesterday. With that said, there was a decent amount of trading volatility. The SPDR S&P 500 ETF had a range of 204.88 to 207.04.

A lot of attention has been focused on what the Fed will do next December. Not to mention, what’s happening overseas after the Paris attacks. Earlier today, a football match between Germany and Holland was cancelled due to security issues.

The VIX actually traded higher, closing at 18.65.

Stocks in play today, included GNC Holdings (GNC) -4%, Sunedison (SUNE) -32%, and Airgas (ARG) +29%.

The energy sector remains weak; the United States Oil Fund (USO) was down nearly 2.2% today. It’s now just 5% off the 52-week lows.

On the options front, we saw large call buying activity in Ulta Salon Cosmetics & Fragrance (ULTA). In addition, we saw bearish bets being placed in Herbalife (HLF) -2.19%.

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

Key Economic Data:
18 November 2015- Housing Starts 8:30 AM ET, FOMC Minutes 2:00 PM
19 November 2015- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
18 November 2015- LOW, SPLS, TGT, CRM, GMCR, JACK, NTAP
19 November 2015- BBY, ADSK, GPS, ROST, NMBL, ZOES, SPLK
20 November 2015- ANF, FL

Key Events:
16 November 2015- UBS Global Technology Conference (runs till 10/19)
17 November 2015- Bank America Banking and Financial Services conference (runs till 11/18), Morgan Stanley Global Consumer & Retail Conference (runs till 11/18), Stifel Healthcare Conference (runs till 11/18)
18 November 2015- Barclays Global Auto Conference (runs till 11/19)