September 8, 2015 The Week Ahead

September 8, 2015 tvcuser Education, Trading China, Conferences, Crude Oil, Data, Earnings, Economic, education, Events, S&P 500, trading, VIX

September 8, 2015 The Week Ahead

The S&P 500 ended down more than 3%. Poor economic numbers out of the U.S. and China attributed to the weakness. With that said, China has two cracks at the markets before we open, Monday night futures.

Just three weeks ago, the VIX was below 13, but it’s now been three straight Friday’s where it has closed above 25.

Crude Oil futures were relatively flat last week. But, we’re only $7 from the yearly lows.

Now, there isn’t a whole lot on the economic calendar, however; there are a decent amount of industry events that could move individual stocks.

Here’s what else is on the schedule:

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

Key Earnings:
8 September 2015- FCEL, PSUN, PLAY, TIVO
9 September 2015- BKS, CNSI, CONN, FRAN, HOV, KKD, PANW
10 September 2015- LULU, FNSR, RH, ZMZ
11 September 2015- KR, MFRM

Key Events:
8 September 2015 (runs til 9/9)- Barclay’s Back-to-School Consumer Conference
8 September 2015 (runs til 9/9)- Deutsche Bank Aircraft Finance & Leasing Conference
8 September 2015 (runs til 9/10)- Barclay’s CEO Energy Power Conference
8 September 2015 (runs til 9/10)- Barclay’s Global Consumer Staples Conference
8 September 2015 (runs til 9/10)- Citigroup Global Tech Conference
8 September 2015 (runs til 9/10)- JPMorgan Small/Mid Cap Conference
8 September 2015 (runs til 9/10)- Morgan Stanley Healthcare Conference
9 September 2015- Apple Hardware product event.
9 September 2015 (runs til 9/10)- Bank of America 2015 Gaming and Lodging Conference
9 September 2015 (runs til 9/10)- Bank of America 2015 Media Communications & Equipment Conference
9 September 2015 (runs til 9/10)- Cowen Global Transport Conference
9 September 2015 (runs til 9/10)- Goldman Sachs Global Retail Conference
9 September 2015 (runs til 9/10)- Wells Fargo Healthcare Conference
9 September 2015 (runs til 9/11)- Morgan Stanley Industrial CEO Unplugged Conference
10 September 2015 (runs til 9/11)- Bank of America Annual Canada Mining Conference

August 12, 2015 Market Wrap Up

August 12, 2015 tvcuser Education, Trading Apple, China, Conferences, Data, Earnings, Economic, education, HAS, NVS, S&P 500, Skyworks, Sunedison, trading, USO, VIX

August 12, 2015 Market Wrap Up

The S&P 500 finished the day higher; however, there was some heavy volatility that went with it. We saw nearly a 40 point swing from the high to low today. The market saw heavy selling pressure in the morning, a reaction to China’s back to back currency devaluation.

With that said, the VIX jumped above 16.25, but settled the day down, closing at 13.61.

We also saw some wild swings in stocks. For example, Apple moved nearly $6 off the lows, Sunedison $3 off the lows, and Skyworks Solutions rebounded $4 off the lows.

On the options front, we saw bullish call buying in Hasbro Inc (HAS). We also saw bearish option activity in Novartis AG (NVS).

The energy complex was weak again, the United States Oil Fund (USO) closed the day negative.

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

Key Economic Data:
13 August 2015- Jobless Claims 8:30 AM ET, Retail Sales 8:30 AM ET
14 August 2015- PPI 8:30 AM ET, Industrial Production 9:15 AM ET

Key Earnings:
13 August 2015- COTY, FLO, KSS, AMAT, JWN, KING, PRTY

Key Conferences:
13 August 2015- Jefferies Industrial Conference

August 11, 2015 Market Wrap Up

August 11, 2015 tvcuser Education, Trading ALLY, China, Conferences, Data, Earnings, Economic, education, FCAU, S&P 500, trading, USO, VIX

August 11, 2015 Market Wrap Up

The S&P 500 was down more than 1% today. Mainly a reaction to last night’s announcement out of China. They decided to devalue their currency, which put a ton of pressure on companies that export to China. For example, shares of Apple were down nearly 5%.

We saw weakness in Gopro -9%, Apple -5%, Sunedision -13%, to name a few.

With that said, it was no surprise to see the VIX jump over 12%, closing the day at 13.71. Now, a 13.71 VIX reading is not exactly screaming panic, with that said; we would need to see further selling pressure in order to see it move higher.

On the options front, we saw bullish call buying in Fiat Chrysler Automobiles (FCAU). We also saw bearish option activity in Ally Financial (ALLY).

The energy complex was extremely weak, the United States Oil Fund (USO), was down more than 3%. For the most part, we’ve generally seen airlines perform well on this weakness.

August 9, 2015 The Week Ahead

August 9, 2015 tvcuser Education, Trading Conferences, Data, Dow Jones, Earnings, Economic, education, S&P 500, Shanghai, trading, VIX

August 9, 2015 The Week Ahead

The S&P 500 ended Friday’s action down for the fourth time in the last five trading sessions. Even worse, the Dow Jones Industrials has suffered its seventh straight losing session.

In respect to risk, market participants will be watching the Shanghai Composite, along with earnings.
Thus far, earnings have not been good enough to push the market to new highs.

Despite the uncertainty, the VIX barely climbed, closing the week at 13.39. With that said, many market technicians believe that the market is having a hard time holding major support levels. However, we are in the dull days of summer, which could explain the low volatility readings.