April 20, 2017 Market Wrap Up

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Stocks were strong today, as all major indices saw gains. Leading the way were financials, with strong performances out of Wells Fargo, Deutsche Bank, and Goldman Sachs Group.

Earnings are dominating headlines in the stock market, here are some names that reported today: Verizon Communications (VZ) -1.1%, Quest Diagnostics +6%, and Visa (V) +4.3%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.75%, iShares 20+ Year Treasury Bond (TLT) -0.39%, SPDR Gold Shares (GLD) +0.19%.

On the options front, we saw large call buying activity in Jones Energy (JONE), which traded 97.5 times normal option volume. In addition, we saw heavy put buying in Chicos FAS (CHS), which traded 75.7 times normal option volume.

Here is what is left for tomorrow:

Key Economic Data:
21 April 2017- PMI Composite Flash 9:45 AM ET; Existing Home Sales 10:00 AM ET

Key Earnings:
21 April 2017- GE, HON, COL, KSU, IPG, MAN, SLB, SWK, WBC

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August 18, 2016 Market Wrap Up

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The S&P 500 crept higher for the second straight session, pushing to us to nearly flat on the week now. Earlier in the day, earnings out of Wal-Mart Stores (WMT) was taken well as the stock closed at 74.30, touching 52-week highs.

Stocks in play today include: Corrections Corp of America (CXW) -35%, The Geo Group (GEO) -40%, Harley-Davidson (HOG) -1.7%, and Valeant Pharmaceuticals (VRX) -2.7%

The VIX closed lower, and now trading below 11.50, closing at 11.43.

Crude oil futures continue to ascend higher, now up over 8% on the week, and not incredibly far from the 52-wk highs, closing above $48 per barrel.

On the options front, we saw large call buying activity in Amphenol Corp (APH), which traded 4 times normal option volume. In addition, we saw heavy put buying in Chicos Fas (CHS) at 2.8 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Earnings:
19 Aug 2016- DE, EL, FL, MSG

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