April 6, 2017 Market Wrap Up

After seeing some volatility in the market today, the market returned back to it’s slow grind higher. However, they did sell off some over the last 90 minutes of the day. Most of the selling came off some political headlines and FOMC policy plans.

Stocks in play today included: Plug Power (PLUG) -4.89%, Cleantech Solutions International (CLNT) +129.35%, and L Brands (LB) +11.02%

Where is the VIX in today’s action?

The VIX sold off today after rising nearly 10% yesterday, as it closed at 12.39.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +1.59%, iShares 20+ Year Treasury Bond (TLT) -0.15%, SPDR Gold Shares (GLD) -0.33%.

On the options front, we saw large call buying activity in Devon Energy (DVN), which traded times normal option volume. In addition, we saw heavy put buying in Polaris Industries (PII), which traded 3.5 times normal option volume.

Here is what else traders will be watching tomorrow:

Key Economic Data:
7 April 2017- Employment Situation 8:30 AM ET

Key Earnings:
6 April 2017- FRED, LW, STZ, PSMT, RT

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