January 14, 2016 Market Wrap Up

January 14, 2016 tvcuser Education, Trading ABBV, CMG, Conferences, Crude Oil, Data, Earnings, Economic, education, S&P 500, SCTY, trading, VIX, WDAY

In 2016, volatility is the name of the game. With that said, it was out in full force today. The S&P 500 traded in a range of 1878 to about 1934. Ultimately closing the day about 1.67% higher. Believe it or not, we’re nearly flat on the week now.

The VIX continues to stay elevated above 20, however; today it was down 5%, closing at 23.95.

Crude oil futures prices continue to hover around $30 per barrel. Lately, the equity markets have been selling off when energy does. Let’s see if that theme continues.

Stocks in play included: Chipotle Mexican Grill (CMG) +6.2%, Solarcity (SCTY) -13.5%, and Abbvie (ABBV) +6.7%.

On the options front, we saw large call buying activity in Abbvie (ABBV). We also saw aggressive put buying in Workday (WDAY) .

Here’s what’s on tap for tomorrow:

Key Economic Data:
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
15 January 2016- BLK, C, FAST, RF, USB, WFC

Conferences:
15 January 2016- JPMorgan Healthcare Conference (runs till 1/15), UBS Greater China Conference (runs till 1/15)

January 12, 2016 Market Wrap Up

January 12, 2016 tvcuser Education, Trading Conferences, Crude Oil, Data, Earnings, Economic, education, FCX, JAZZ, S&P 500, SUNE, TNDM, VIX, WMB

It was another tremendous day of volatility in the markets. The S&P 500 traded between 1914 and 1947, ultimately closing the day .8% higher. Believe it or not, this marks the second straight up day on the week. But as mentioned earlier, the markets have been all over the place, swinging from positive to negative territory at rapid speeds.

The VIX sold off nearly 8%, closing above 22, at 22.47.

Crude oil futures prices went below $30 per barrel during the trading session. However, they were able to close above that level. It seems like for the last two years, traders have been trying to pick a bottom in crude oil with not a whole lot of success.

With that said, several oil and commodity related names were in play today: Freeport-Mcmoran (FCX) -5.4%, Sunedison (SUNE) -9.6%, Williams Companies (WMB) -12%

On the options front, we saw large call buying activity in Jazz Pharmaceuticals (JAZZ). We also saw aggressive put buying in Tandem Diabetes Care Inc (TNDM).

Here’s what’s up for the rest of the week:

Key Economic Data:
14 January 2016- Jobless Claims 8:30 AM ET
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
13 January 2016- SVU
14 January 2016- JPM, INTC
15 January 2016- BLK, C, FAST, RF, USB, WFC

Conferences:
11 January 2016- JPMorgan Healthcare Conference (runs till 1/15), UBS Greater China Conference (runs till 1/15)
12 January 2016- Deutsche Bank Global Auto Industry Conf (runs till 1/13), Needham Growth Conference (runs till 1/14)

January 10, 2016 The Week Ahead

January 10, 2016 tvcuser Education, Trading C, Conferences, Crude Oil, Data, Earnings, Economic, education, INTC, JPM, S&P 500, VIX, WFC

The S&P 500 is off to a rocky start, down nearly 6% in the year. Fears of a China slow-down, along with rising interest rates are possible reasons for the sell off. With that said, traders will be watching closely what happens in the Asian sessions.

In addition, crude oil prices continue to drop. They’re down over 10%, early in the new year. Crude oil futures prices are currently below $35 per barrel.

The VIX exploded, gaining over 9 points on the week, closing above 27.

If things weren’t volatile enough, earnings kick off this coming week. We are looking forward to results out of intel (INTC), as well as many of the big banks like Wells Fargo (WFC), JPMorgan (JPM), and Citigroup (C).

Here’s what else is going on:

Key Economic Data:
14 January 2016- Jobless Claims 8:30 AM ET
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
11 January 2016- AA
12 January 2016- CSX
13 January 2016- SVU
14 January 2016- JPM, INTC
15 January 2016- BLK, C, FAST, RF, USB WFC

January 7, 2015 Market Wrap Up

January 7, 2016 tvcuser Education, Trading AAPL, CERN, Conferences, DAR, DVAX, education, S&P 500, SUNE, trading, VIX

It was another rough day in the markets. We’re already down 5% in the S&P 500, early into the new year. The catalyst this time came out of Asia. The Shanghai Composite dropped 7% overnight. With that said, all eyes will be on that market this evening. However, the markets closed a tad above their daily lows.

The VIX exploded higher, closing up to nearly 25, a gain of over 21%.

Crude oil futures prices have not faired better, they’re down about 9% on the new year.

Stocks in play today included: Apple (AAPL) -4.8%, Sunedison (SUNE) -38.5%, Dynavax (DVAX) +39%

On the options front, we saw large call buying activity in Darling Ingredients (DAR). We also saw aggressive put buying in Cerner Corp (CERN).

There is not much on tap in respect to economic news.

Conferences:
6 January 2016- Consumer Electronics Show (runs till 1/9)

January 5, 2016 Market Wrap Up

January 5, 2016 tvcuser Education, Trading AAPL, Conferences, Crude Oil, CRUS, Data, Earnings, Economic, education, FIT, FOMC, MCHP, MNKD, S&P 500, trading, VIX

The S&P 500 had its first up day of the new year, however; it’s still down more than 1% from yesterday’s sell off. A really shaky start, which makes tomorrow’s FOMC minutes a potential market changer.

In addition, the Consumer Electronics Show continues tomorrow. Companies are presenting their new products to this huge public forum. A good showing can boost stock prices higher. On the other hand, a poor showing can really drive stock prices lower, as witnessed with FitBit (FIT) today.

The VIX sold off slightly, closing the day slightly below 20.

Crude oil futures prices have not faired better, they’re down about 3% over the first two trading days of the year.

Stocks in play today included: Apple (AAPL) -2.5%, Fitbit -18.4%, and ManKind (MNKD) -48.4%

On the options front, we saw large call buying activity in Microchip Technology (MCHP). We also saw aggressive put buying in Cirrus Logic (CRUS) .

Key Economic Data:
6 January 2016- International Trade 8:30 AM ET, FOMC Minutes 2:00 PM ET
7 January 2016- Jobless Claims 8:30 AM ET

Key Earnings:
6 January 2016- MON
7 January 2016- FINL, KBH, STZ, WBA, BBBY, HELE, SNX, TCS

Conferences:
6 January 2016- Citigroup Internet, Media & Telecom Conference (runs till 1/7)
6 January 2016- Consumer Electronics Show (runs till 1/9), Goldman Sachs Energy Conference (runs till 1/7)

January 3, 2016 The Week Ahead

January 3, 2016 tvcuser Education, Trading Conferences, Crude Oil, Data, Dow Jones, Earnings, Economic, education, FOMC, NASDAQ, S&P 500, VIX

The S&P 500 closed the year slightly negative, snapping a four year streak of positive returns. Unfortunately, the Dow Jones Industrial Average also suffered the same fate. On the other hand, the NASDAQ was able to post modest gains on the year.

The VIX actually closed the week higher, finishing 2015, above 18.

Crude oil futures prices dropped significantly again for the second straight year. The futures prices are currently trading well below $40 per barrel. Gold futures prices finished the year relatively flat.

We should get a sneak peek of what 2016 will be like on Wednesday, as the FOMC releases the minutes from their last meeting. With that said, volumes should slowly start picking back up.

Here’s what is on tap this coming week:

Key Economic Data:
4 January 2016- ISM Manufacturing Index 10:00 AM ET
6 January 2016- International Trade 8:30 AM ET, FOMC Minutes 2:00 PM ET
7 January 2016- Jobless Claims 8:30 AM ET

Key Earnings:
6 January 2016- MON
7 January 2016- FINL, KBH, STZ, WBA, BBBY, HELE, SNX, TCS

Conferences:
5 January 2016- Citigroup Internet, Media & Telecom Conference (runs till 1/7), Goldman Sachs Healthcare Conference
6 January 2016- Consumer Electronics Show (runs till 1/9), Goldman Sachs Energy Conference (runs till 1/7)

October 4, 2015 The Week Ahead

October 4, 2015 tvcuser Education, Trading China, Conferences, Crude Oil, Data, Earnings, education, Events, S&P 500, trading, VIX

October 4, 2015 The Week Ahead

The S&P 500 ended the week higher, making it four straight days after seeing a full week of selling, last week.

With that said, the VIX closed above 20, where it’s been for over a month.

One could argue we’ve simply bounced from extreme oversold conditions. Of course, with China on holiday, that helped take some pressure off the markets.

Crude Oil futures were relatively unchanged this week, as prices are trading slightly above $45 per barrel. Interestingly, we also saw a pop in precious metals futures on Friday. Gold futures traded more than 2% higher.

Earnings season kicks off on Thursday, here’s what else is on tap:

Key Economic Data:
6 October 2015- International Trade 8:30 AM ET
8 October 2015- Jobless Claims 8:30 AM ET, FOMC Minutes 2 PM ET

Key Earnings:
5 October 2015- TCS
6 October 2015- PEP, YUM
7 October 2015- MON, STZ
8 October 2015- DPZ, AA

Key Events:
5 October 2015 (runs till the 6th)- 18th Annual Cowen Therapeutics Conference
6 October 2015 (runs till the 9th)- Amazon Services Invent Conference

September 29, 2015 Market Wrap Up

September 30, 2015 tvcuser Education, Trading BURL, Conferences, Data, Earnings, Economic, education, Events, IBB, LULU, S&P 500, trading, USO, VIX

September 29, 2015 Market Wrap Up

The S&P 500 finished the day slightly higher, however; we gave up most of our gains and even went negative for a decent portion of the day. In fact, we hit lows that we have not seen since August 24.

The biotech sector is still reeling off the comments made by politicians, regarding the cost of drug prices and more regulation. The iShares Nasdaq Biotechnology Index Fund (IBB) is down over 10% in the last week.

The VIX was actually down, closing at 26.83. For now, it appears that 20 might be a new base level.

The energy sector was up today; the United States Oil Fund (USO) was up less than 1%.

On the options front, we saw bullish call buying in Burlington Stores Inc (BURL). Options that saw bearish put buying were in Lululemon Athletica Inc (LULU).

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

Key Economic Data:
1 October 2015- Jobless Claims 8:30 AM ET, ISM Manufacturing Index 10 AM ET
2 October 2015- Employment Situation 8:30 AM ET

Key Earnings:
29 September 2015- COST
1 October 2015- MU

Key Events:
29 September 2015 (runs till 10/1)- American Gaming Association Global Gaming Expo
29 September 2015 (runs till 9/30)- Wolfe Research Power & Gas Leaders Conference

September 14, 2015 The Week Ahead

September 14, 2015 tvcuser Education, Trading Conferences, Crude Oil, Data, Earnings, Economic, education, S&P 500, trading, VIX

September 14, 2015 The Week Ahead

The S&P 500 ended the week slightly higher, however; all eyes will be on the FOMC meeting, which is on Thursday. With that said, the markets might trade choppy on light volume. In addition, the Jewish New Year, begins Sunday night and ends Tuesday night.

It’s now been four straight Friday’s where the VIX has closed above 23.

Crude Oil futures were relatively flat last week. But, we’re less than $7 from the multi-year lows.

Here’s what else is on the schedule:

Key Economic Data:
15 September 2015- Retail Sales 8:30 AM ET, Industrial Production 9:15 AM
16 September 2015- Consumer Price Index 8:30 AM ET
17 September 2015- Housing Starts 8:30 AM ET, Jobless Claims 8:30 AM ET, Philly Fed Survey 10:00 AM ET, FOMC Meeting Announcement 2:00 PM ET, FOMC Forecasts 2:00 PM, Fed Chair Press Conference 2:30 PM ET

Key Earnings:
16 September 2015- ARCW, ASNA, CBRL, FDX, ORCL
17 September 2015- ADBE, RAD

September 10, 2015 Market Wrap Up

September 10, 2015 tvcuser Education, Trading AVP, BLL, Conferences, Data, Earnings, Economic, education, S&P 500, trading, USO, VIX

September 10, 2015 Market Wrap Up

The S&P 500 finished the day higher after experiencing a great deal of volatility. We went from positive to negative and then back positive. The market actually gapped up overnight, however; it lost a lot of steam. Especially, when rockstar hedge fund manager David Tepper got on CNBC and made some rather bearish comments about the market.

For now, it seems like the weight of what happens in the Asian markets have had less of an influence. Possibly because we’ve got an FOMC meeting next week. It appears that the market is waiting to hear what their next move will be.

The VIX closed at 24.37, down nearly two points on the day.

The energy sector caught a nice bounce, as the United States Oil Fund (USO) closed nearly 3% higher.

On the options front, we saw bullish call buying in Avon Products (AVP). Options that saw bearish put buying were in Ball Corporation (BLL).

Here’s what’s going on for tomorrow:

Key Economic Data:
11 September 2015- PPI 8:30 AM ET

Key Earnings:
11 September 2015- KR, MFRM

Key Events:
Morgan Stanley Industrial CEO Unplugged Conference
Bank of America Annual Canada Mining Conference