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)

December 20, 2015 The Week Ahead

December 20, 2015 tvcuser Education, Trading Data, Earnings, Economic, education, FOMC, SPY, trading, VIX

The SPDR S&P 500 (SPY) had a rough week following the FOMC decision to raise key interest rates for the first time in nearly a decade. The reaction thus far has not been positive from the markets, the SPY dropped nearly 1% and is negative on the year.

The VIX actually dropped during the week, however; it still closed above 20 on Friday.

Crude oil futures continue to get hit, as they are now down more than 40% on the year and close to 20% on the month.

Will the selling pressure continue or will get the Christmas rally?

We will know soon enough. With that said, this is a shortened week due to the Christmas Holiday. Thursday is a half day and Friday we are off. Expect volumes to dry up or be low this week.

Here’s what is on tap this coming week:

Key Economic Data:
22 December 2015- GDP 8:30 AM ET, Existing Home Sales 10:00 AM ET
23 December 2015- Durable Goods Orders 8:30 AM ET, Personal Income and Outlays 8:30 AM ET, New Home Sales 10:00 AM ET
24 December 2015- Jobless Claims 8:30 AM ET

Key Earnings:
22 December 2015- CAG, MU, CAMP, NKE, PAYX

December 17, 2015 Market Wrap Up

December 17, 2015 tvcuser Education, Trading ATVI, Data, Earnings, education, ETE, FOMC, KBIO, P, RWLK, S&P 500, SFL, SPY, TK, TOO, trading, VIX

The S&P 500 closed lower, a day after the FOMC announced that they would be raising key interest rates. Initially, futures were trading higher pre-market. However, as the day progressed things got uglier. In fact, we saw some heavy selling pressure in the after-hours session. The SPDR S&P 500 ETF closed the day down more than 1.5%.

Surprisingly, the VIX didn’t really blast off, only gaining about 6% and closing below 19.

Oil names took a hit, not a surprise, as crude oil futures closed below $35 per barrel. Some oil and gas names also took a hit. For example, Teekay Offshore partners (TOO) was down over 50% after they announced that they would be cutting their dividend.

Stocks in play today included: Kalobios Pharmaceuticals (KBIO) -53%, Teekay (TK) -57%, Pandora (P) +13%, and ReWalk Robotics (RWLK) +80%.

On the options front, we saw large call buying activity in the Energy Transfer Equity (ETE) and Activision Blizzard (ATVI). We also saw massive put buyers in Ship Finance International (SFL).

Here’s what is going on for tomorrow:

Key Earnings:
18 December 2015- BBRY, DRI, KMX, LEN

December 15, 2015 Market Wrap Up

December 15, 2015 tvcuser Education, Trading AAP, Data, Earnings, Economic, education, FOMC, ICPT, KCG, S&P 500, SPY, trading, USO, VIX, VRX, VSI

The S&P 500 closed higher, making it two straight up days after Friday’s sell off. In fact, the SPDR S&P 500 ETF (SPY) has regained nearly all of Friday’s losses. Of course, this sets the stage for tomorrow’s FOMC meeting. For now, the consensus is that they will raise rates, but we’ll know for sure what their intentions are in the afternoon.

The VIX took a hit today, dropping nearly 8 percent. With that said, it’s still trading above 20, going into the FOMC announcement.

Oil caught a bounce, making it two straight up days. The United States Oil Fund (USO) was about 1.5%.

Stocks in play today included Valeant Pharmaceuticals (VRX) +17%, Advance Auto Parts (AAP) +6%, and Intercept Pharmaceuticals (ICPT) +16%.

On the options front, we saw large call buying activity in the Vitamin Shoppe (VSI). We also saw massive put buyers in KCG Holdings (KCG).

Here’s what is going on for the rest of the week:

Key Economic Data:
16 December 2015- Housing Starts 8:30 AM ET, Industrial Production 9:15 AM ET, FOMC Meeting Announcement 2:00 PM ET, FOMC Forecasts 2:00 PM ET, Fed Chair Press Conference 2:30 PM ET
17 December 2015- Jobless Claims 8:30 AM ET, Philly Fed Business Outlook Survey 8:30 AM ET

Key Earnings:
16 December 2015- FDX, JOY, JBL, PIR, ORCL
17 December 2015- ACN, RAD, GIS, SAFM, RHT
18 December 2015- BBRY, DRI, KMX, LEN

December 14, 2015 Market Wrap Up

December 14, 2015 tvcuser Education, Trading Data, Earnings, Economic, education, HSY, HYG, S&P 500, SPY, USO, VIX

The S&P 500 closed higher, but it had a fair share of volatility before it decided its path. The SPDR 500 ETF (SPY) had wide range, trading between 199.95 to 203.05. There were reports that a “fat finger” caused the sudden market volatility.

Oil continues to dominate headlines, not to mention natural gas, which hit 13 year lows today. However, the United States Oil ETF (USO) did catch a small bounce today.

The VIX sold off a little after Friday’s massive spike. The VIX closed at 22.73.

On the options front, we saw large call buying activity in the Hershey Company (HSY). We also saw massive put buyers in the iShares iBoxx High Yield ETF (HYG).

Here’s what is happening the rest of the week:

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

Key Earnings:
16 December 2015- FDX, JOY, JBL, PIR, ORCL
17 December 2015- ACN, RAD, GIS, SAFM, RHT
18 December 2015- BBRY, DRI, KMX, LEN

December 13, 2015 The Week Ahead

December 13, 2015 tvcuser Education, Trading Crude Oil, Data, Earnings, education, FOMC, SPY, trading, VIX

The SPDR S&P 500 (SPY) snapped a 3-week winning streak in spectacular fashion, after seeing a decline of nearly four percent. All eyes are going to be on the upcoming FOMC meeting, will they raise rates or keep them unchanged? After this sell-off, will they put those thoughts on hold? We’ll have the answer on Wednesday.

The VIX absolutely exploded, closing the week at 24.39, a jump of nearly 10 points from the previous Friday close.

Crude oil futures hit a 7-year low after dropping more than 11% during the week. With that said, there seems to be no bottom in sight.

Here’s what is on tap this coming week:

Key Earnings:
14 December 2015- FCEL, PAY
16 December 2015- FDX, JOY, JBL, PIR, ORCL
17 December 2015- ACN, RAD, GIS, SAFM, RHT
18 December 2015- BBRY, DRI, KMX, LEN

December 8, 2015 Market Wrap Up

December 8, 2015 tvcuser Education, Trading ALMP, BABA, Data, Earnings, Economic, education, Events, KMI, NGL, S&P 500, SAN, TIME, VIX, WYNN, YHOO

The S&P 500 closed lower, now making it four out of five down days. Oil has been dominating headlines as it has hit multi-year lows. In addition, many oil-related stocks were in play today, specifically, MLPs.

Kinder Morgan (KMI) -11%, NGL Energy Partners (NGL) -9%, Alerian MLP ETF (AMLP) +1.7%.

In the after hours, we got news out of Wynn Resorts (WYNN), CEO, Steve Wynn announced that he bought 1 million shares in the open market. The stock is up more than 5%. Also, Yahoo (YHOO) announced that it will not plan to move ahead on the Alibaba (BABA) spinoff. The stock price is up more than 2.5% in extended hours trading.

The VIX took off, closing the day 11% higher at 17.60.

On the options front, we saw large call buying activity in Time Inc (TIME). We also saw massive put buyers in Banco Santander (SAN).

Here’s what is going for the rest of the week:

Key Economic Data:
10 December 2015- Jobless Claims 8:30 AM ET
11 December 2015- Jobless Claims 8:30 AM ET
12 December 2015- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
09 December 2015- FRAN, MW, VRA
10 December 2015- CIEN, ADBE, FNSR, NCS

Key Events:
07 December 2015- Raymond James Tech & Communications Conference (runs til 12/09), UBS Global Media & Communications Conference (runs til 12/09), Wells Fargo Energy Symposium (runs til 12/09)
08 December 2015- Barclays Global Technology Conference (runs til 12/09), Goldman Sachs Financial Services Conference (runs till 12/09), Oppenheimer Healthcare Conference (runs til 12/09)

December 6, 2015 The Week Ahead

December 6, 2015 tvcuser Education, Trading Crude Oil, Data, Earnings, Economic, education, Events, S&P 500, SPY, trading, VIX

The SPDR S&P 500 (SPY) had its third straight winning week, and is now less than 1.2% off the 52-week highs. Despite the recent bullish action, the market has had its fair share of volatility. For example, we have had four straight +/- 1% in the S&P 500. It appears we are back to the ol’ good news is good…and bad news is good.

The VIX was relatively unchanged, closing the week at 14.88.

Crude oil futures closed below $40 a barrel after the OPEC Meeting. In general, the commodities market has been relatively weak compared to the equity market.

Here’s what is on tap this coming week:

Key Economic Data:
10 December 2015- Jobless Claims 8:30 AM ET
11 December 2015- Jobless Claims 8:30 AM ET
12 December 2015- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
07 December 2015- HRB
08 December 2015- AZO, CONN, COST, PLCE, KKD, PLAY
09 December 2015- FRAN, MW, VRA
10 December 2015- CIEN, ADBE, FNSR, NCS

Key Events:
07 December 2015- Raymond James Tech & Communications Conference (runs til 12/09), UBS Global Media & Communications Conference (runs til 12/09), Wells Fargo Energy Symposium (runs till 12/09)
08 December 2015- Barclays Global Technology Conference (runs til 12/09), Goldman Sachs Financial Services Conference (runs till 12/09), Oppenheimer Healthcare Conference (runs til 12/09)

December 1, 2015 Market Wrap Up

December 1, 2015 tvcuser Education, Trading ADT, ATV, CMI, Data, Earnings, Economic, education, Events, S&P 500, SPY, SUNE, URBN, VIX, VRX

The S&P 500 was strong all day, closing nearly 1% higher. The SPDR S&P 500 is less than 1% off the 52-week highs and more than 16% higher than the August lows. The market is preparing for potential rate hikes later this month. In addition, there might be some money managers chasing performance before the end of the year.

Stocks in play today included: Cummins (CMI) -7.8%, Acorn International (ATV) +630%, Sunedison (SUNE) +8.5%, and Valeant Pharmaceuticals (VRX) +9.6% to name a few.

The VIX got smoked, closing the day 9% lower at 14.67.

On the options front, we saw large call buying activity in ADT (ADT). We also saw massive put buyers in Urban Outfitters (URBN), which was down over 5%.

Here’s what is going on for the rest of the week:

Key Economic Data:
01 December 2015- ISM Manufacturing 10:00 AM ET
03 December 2015- Jobless Claims 8:30 AM ET
04 December 2015- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
01 December 2015- BMO, BOBE
02 December 2015- AEO, AVGO, ARO, VMEM
03 December 2015- EXPR, G, SHLD, AMBA, BKS, FIVE, ULTA
04 December 2015- HOV

Key Events:
30 November 2015- Credit Suisse Industrial Conference (runs till 12/3), Credit Suisse Tech, Media, Telecom Conference (runs till 12/3)
01 December 2015- Citigroup Basic Materials Conference (runs till 12/2), Cowen 4th Annual HealthCare Conference, Cowen 5th Annual Ultimate Energy Conference (runs till 12/2), Goldman Sachs Metals & Mining Conference (runs till 12/2), Piper Jaffray HealthCare Conference (runs till 12/2)
03 December 2015- Wells Fargo Boston Gaming Forum
04 December 2015- American Society of Hematology Annual Meeting