July 7, 2016 Market Wrap Up

July 7, 2016 tvcuser Education, Trading AVG, Crude Oil, Economic Data, FSLR, HUM, JWN, S&P 500, USO, VIX, WWAV

The S&P 500 was relatively flat today on below average volume. However, there were some interesting sectors in play. More specifically, healthcare, retail and foods. With that said, a lot of eyes and ears will be on tomorrow’s jobs report as the shortened trading week comes to a close.

Stocks in play today include: Humana (HUM) -10%, AVG Technologies (AVG) +30.9%, Whitewave Foods Company (WWAV) +18.6%, and First Solar Energy (FSLR) -9.9%

The VIX was down a little bit, closing at 14.76.

Crude oil futures got torched today. The United States Oil Fund (USO) was down more than 4%, closing the day at 10.82.

On the options front, we saw large call buying activity in Nordstrom Inc (JWN), which traded 6.7 times normal volume. We also saw a ton of bearish bets being placed in WellCare Health Plans, which traded 16.8 times usual volume.

Here’s what’s left for tomorrow:

Key Economic Data:
8 July 2016- Employment Situation 8:30 AM ET