August 3, 2016 Market Wrap Up

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The S&P 500 recovered about half their losses from yesterday, closing the day .3% higher. With that said, volumes were well below average. The SPDR S&P 500 traded about 52 million shares, whereas on average it trades around 80-85 million.

Stocks in play today include: Genworth Financial (GNW) +28.7%, 3D Systems (DDD) +17.6%, Cray (CRAY) -30.4%, and Kate Spade (KATE) -18.7%

The VIX closed lower, now trading below 13 at 12.86.

Crude oil futures surged today, climbing over 4% and closing above $41 per barrel.

On the options front, we saw large call buying activity in Gap (GPS) and Michael Kors (KORS).

This evening we got earnings out of Tesla Motors (TSLA) -.96%, Tripadvisors (TRIP) -7.7%, and Herbalife (HLF) +2.86% to name a few.

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

Key Economic Data:
4 August 2016- Jobless Claims 8:30 AM ET
5 August 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
4 Aug 2016- DUK, K, MGM, NOK, PCLN, SEAS, SSYS, TEVA, TIME, VIAB, ANET, ATVI, CSOD, FLR, FSLR, IMPV, KHC, LGF, LNKD, OLED, TRUE, TTWO, ZG, ZNGA
5 Aug 2016- WY, WLTW, HSBC, CTSH, AES

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July 31, 2016 The Week Ahead

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The S&P 500 closed the week relatively flat, which means it’s still near record highs. Earnings thus far have been taken positively. The FOMC meeting proved to be a non-event, as they continue to use the same rhetoric. We now have a situation where gold, stocks, and bonds are near their yearly highs. It will be interesting to see how long that relationship can keep up.

The VIX continued to decline during the week, closing on Friday at 12, at 11.87.

Crude oil futures prices fell more than 6% on the week. On Thursday, they hit a 3-month low, when the traded at 43.13. Crude futures prices are down 10% over the last two weeks and nearly 19% off their 3-month highs.

Moving on, gold futures prices gained more than 2%, closing above $1350 an ounce. Gold futures prices are creeping back to their yearly highs, and are now more than 20% higher than their 6-month lows.

In addition, T-bond futures prices gained more than 1.5%, as they too are near their yearly highs.

As mentioned earlier, earnings season continues to roll. We’ll be hearing from Tesla (TSLA), Pfizer (PFE), CVS Health Corp (CVS), Fitbit (FIT), and Procter & Gamble (PG) just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
1 August 2016- ISM Manufacturing Index 10:00 AM ET
2 August 2016- Personal Income and Outlays 8:30 AM ET
3 August 2016- EIA Petroleum Status Report 10:30 AM ET
4 August 2016- Jobless Claims 8:30 AM ET
5 August 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
1 August 2016- FDC, MCY, SOHU, FTR, GGP, IDTI, TEX, THC, WMB, VNO
2 August 2016- AET, AVP, CAH, CMI, CVS, EMR, EXPD, H, MNK, MOS, ODP, PBI, PFE, PG, RDC, SABR, SODA, SHPG, STX, TAP, AIG, DATA, EA, DVN, FIT, FUEL, GLUU, JIVE, NFX, TX, ZEN
3 August 2016- AXA, D, DDD, ICE, KATE, OXY, TWX, ZTS, CF, FOXA, GDDY, HLF, HUBS, MET, NLY, TROX, TSLA, TSO, WU
4 August 2016- DUK, K, MGM, NOK, PCLN, SEAS, SSYS, TEVA, TIME, VIAB, ANET, ATVI, CSOD, FLR, FSLR, IMPV, KHC, LGF, LNKD, OLED, TRUE, TRIP, TTWO, ZG, ZNGA
5 August 2016- WY, WLTW, HSBC, CTSH, AES

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July 28, 2016 Market Wrap Up

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The S&P 500 closed relatively flat ahead of a heavy earnings schedule and the aftermath of the FOMC meeting.

Stocks in play today include: Cirrus Logic (CRUS) +19.2%, Jazz Pharmaceuticals (JAZZ) +7.7%, Infinera (INFN) -33.6%, and GNC Holdings (GNC) -25%.

The VIX closed lower, now trading below 13 at 12.72.

Crude oil futures are down 6 straight days, trading barely above $41 per barrel.

On the options front, we saw large call buying activity in FireEye (FEYE), which traded 4.9 times normal volume. We also saw a ton of bearish bets being placed in Seadrill (SDRL), which traded 2.2 times usual volume.

This evening we got earnings out of Amazon (AMZN) +4.3%, Alphabet (GOOGL) +6.3%, Expedia (EXPE) -3.5%, and Eastman Chemical (EMN) -6.6% to name a few.

Here’s what’s on tap for tomorrow:

Key Economic Data:
29 July 2016- GDP 8:30 AM ET

Key Earnings:
29 July 2016- ABBV, AN, BUD, CBOE, CPN, CVX, LYB, MRK, NWL, PSX, SAVE, UPS, WG, XOM

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July 24, 2016 The Week Ahead

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The S&P 500 closed the week near record levels, making that the fourth straight week of positive gains. We now set up for one of the busiest earning weeks of the year, along with the FOMC meeting on Wednesday.

The VIX continued to decline during the week, closing on Friday at 12.02.

Crude oil futures prices fell about 4% on the week. On the other hand, gold futures prices dropped about 1%. T-bond futures prices closed relatively flat on the week.

As mentioned earlier, earnings season starts really pick up now. We’ll be hearing from Apple (AAPL), Coca-Cola (KO), Mcdonald’s (MCD), Amazon (AMZN), and ExxonMobil (XOM) just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
26 July 2016- New Home Sales 10:00 AM ET
27 July 2016- Durable Goods Orders 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 July 2016- International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET
29 July 2016- GDP 8:30 AM ET

Key Earnings:
25 July 2016- COL, DHR, KMB, S, CR, ESRX, GILD, LVS, TXN
26 July 2016- AKS, ALLY, BAX, BEAV, BP, CAT, CHKP, CVLT, DD, FCX, DD, HOT, JBLU, JNS, KEY, KKR, LLY, MAS, MBLY, MCD, UA, UTX, VLO, VZ, WAT, AAPL, AKAM, APC, ASH, BWLD, CAKE, CAVM, ILMN, IRBT, JNPR, LLTC, PNRA, TWTR, X, ZION
27 July 2016- ARMH, ANTM, CMCSA, DB, DPS, GLW, GRMN, HES, HLT, IR, KO, LVLT, MDLZ, MO, NDAQ, NOC, ROK, SIX, STT, SVU, STM, AF, CA, CAKE, CRUS, GRPN, INFN, LM, MCK, NOW, PXD, ORLY, VRTX, WFM, XLNX
28 July 2016- APD, AZN, BWA, BMY, CAB, CELG, CL, CLF, CME, COMM, COP, DOW, ESV, F, GRUB, HOG, HSY, IP, LEA, LLL, MA, MJN, NOV, PENN, POT, WWE, AMZN, CBS, BIDU, CY, DECK, ES, EXPE, GOOGL, HIG, INVN, N, RSG, STRZA, WDC
29 July 2016- ABBV, AN, BUD, CBOE, CPN, CVX, LYB, MRK, NWL, PSX, SAVE, UPS, WG, XOM

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July 21, 2016 Market Wrap Up | TVC Trading Education Courses

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The S&P 500 closed slightly lower today as we treasuries and gold catch a bid. In addition, the Dow Jones Industrials snapped its nine day winning streak. Early in the morning there were two deals announced. First, Komatsu made a bid to buy Joy Global (JOY) for $2.9 billion. The second was in the biotech space; Galencia made a bid to buy Relypsa (RLYP) for $1.53 billion.

Stocks in play today include: Ocean Power Technologies (OPTT) -32%, Kingtone Wirelessinfo (KONE) +325%, Southwest Airlines (LUV) -11%, and Humana (HUM) +8%.

The VIX finally caught a bid today, closing 8% higher at 12.74.

Crude oil futures dropped about 2%, closing below $45 per barrel.

This evening we got earnings out of Paypal Holdings (PYPL) +1.9%, Starbucks (SBUX) -3.2%, Chipotle Mexican Grill (CMG) -1.7%, and Proofpoint (PFPT) +4.8%

On the options front, we saw large call buying activity in Jazz Pharmaceuticals (JAZZ), which traded 14.2 times normal volume. We also saw a ton of bearish bets being placed in Zafgen (ZFGN), which traded 9.6 times usual volume.

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

Key Earnings:
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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July 19, 2016 Market Wrap Up | TVC Trading Education Courses

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The S&P 500 closed slightly lower today, but still near record levels. Last night, we got earnings out of Netflix, IBM, and Vmware.

Stocks in play today include: Vmware (VMW) +9%, Line Coporation (LN) -10.14%, Stamps.com (STMP) -4.5%, and Monsanto Company (MON) +.4%

The VIX continues to get destroyed, as it closed below 12 today. Over the last month, the VIX has gone from a high of around 25 to now 11.97.

Crude oil futures dropped 1.5% today, however; down nearly 3% this week ahead of the DOE numbers tomorrow.

On the options front, we saw large call buying activity in Kroger (KR), which traded 2.3 times normal volume. We also saw a ton of bearish bets being placed in Michael Kors Holdings (KORS), which traded 7.7 times usual volume.

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

Key Economic Data:
20 July 2016- EIA Petroleum Status Report 10:30 AM ET
21 July 2016- Jobless Claims 8:30 AM ET, Philly Fed Business Survey 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
20 July 2016- ABT, ASML, HAL, MS, SAP, STJ, WBC, TUP, AXP, EBAY, FFIV, GGG, INTC, MAT, MLNX, NEM, PKG, QCOM, TSCO
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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July 16, 2016 The Week Ahead

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The S&P 500 broke through record high territory this week as the index moved nearly 1.5% higher. The Dow Jones Industrials also saw record highs during the week as earnings season starts revving up.

The VIX continued to decline during the week, closing on Friday at 12.67.

Crude oil futures gained about 1.5% on the week. On the other hand, gold futures prices dropped about 2%. T-bond futures prices dropped about 3% and falling off their yearly highs.

As mentioned earlier, earnings season starts really pick up now. We’ll be hearing from Microsoft, Chipotle Mexican Grill, Goldman Sachs Group, Bank of America, and Netflix just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
19 July 2016- Housing Starts 8:30 AM ET
20 July 2016- EIA Petroleum Status Report 10:30 AM ET
21 July 2016- Jobless Claims 8:30 AM ET, Philly Fed Business Survey 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
18 July 2016- BAC, CALM, HAS, HAS, JBHT, MTG, SCHW, EMC, IBM, NFLX, YHOO, VMW
19 July 2016- JNJ, GS, KSU, LMT, NVS, RF, UNH, DFS, MSFT, NAVI, UAL, ISRG, BHP
20 July 2016- ABT, ASML, HAL, MS, SAP, STJ, WBC, TUP, AXP, EBAY, FFIV, GGG, INTC, MAT, MLNX, NEM, PKG, QCOM, TSCO
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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July 12, 2016 Market Wrap Up

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The S&P 500 is now at record levels, as earnings season is freshly upon us. Not only that, but the Russell 2000 is up around 10% over the last ten days, as we’re seeing investors gain a stronger appetite for risk.

Stocks in play today include: American Airlines Group (AAL) +11.26%, Amazon (AMZN) -.89%, Stone Energy (SGY) +23.45%, and Netsuite (N) +10.7%.

Despite all major indices advancing, the VIX actually didn’t move much…closing the day at 13.55.

Crude oil futures gained more than 4% today closing slightly below $47 per barrel. With that said, crude oil is about 9% off its year to date hights.

On the options front, we saw large call buying activity in Etsy (ETSY), which traded 63.2 times normal volume. We also saw a ton of bearish bets being placed in Cracker Barrel (CBRL), which traded 5.8 times usual volume.

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

Key Economic Data:
13 July 2016- EIA Petroleum Status Report 10:30 AM ET
14 July 2016- Jobless Claims 8:30 AM ET, PPI-FD 8:30 AM ET
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
13 July 2016- CSX, YUM
14 July 2016- BLK, JPM, PGR, AMD
15 July 2016- C, WFC, USB, FBR, PNC

July 10, 2016 The Week Ahead

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The S&P 500 is sitting just under all-time highs, at it gained 1.3% for the week. Some attribute Friday’s move to the June employment report, which showed an impressive number of 287,000 jobs. Now, with earnings season being the next catalyst, we’ll know soon enough if all-time highs can be broken.

The VIX got steamrolled on Friday, dropping more than 10.5% and closing at 13.20. Interestingly, bonds are near all-time highs despite lows in VIX. Not only that, but gold futures prices gained nearly 2% on the week. They too, are near yearly highs.

On the other hand, crude oil futures prices declined nearly 6% on the week. With that said, they’re hanging around $45 per barrel. They’re now more than 11% off their yearly highs.

As mentioned earlier, earnings season kicks off with Alcoa on the 11th. One of the first sectors reporting will be banking. With that said, we’ll be hearing from JPMorgan Chase, Citibank, Wells Fargo, and PNC Bank to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
13 July 2016- EIA Petroleum Status Report 10:30 AM ET
14 July 2016- Jobless Claims 8:30 AM ET, PPI-FD 8:30 AM ET
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
11 July 2016- AA, VOXX
12 July 2016- FAST, ADTN, AIR
13 July 2016- CSX, YUM
14 July 2016- BLK, JPM, PGR, AMD
15 July 2016- C, WFC, USB, FBR, PNC

July 6, 2016 Market Wrap Up

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The S&P 500 has been on an absolute tear lately, and inching ever closer to the all-time highs. With that said, we’re less than 2% from those levels. Interestingly, Treasury bonds are also near yearly highs, along with gold futures prices.

It almost feels like something has to give? But the million dollar question is in what and when. The market reacted positively after the FOMC Minutes were released this afternoon. Of course, traders are still digesting the aftermath of the Brexit.

Stocks in play today include: Kohl’s (KSS) +2.78%, Carmax (KMX) +5.6%, and Valeant Pharmaceuticals (VRX) +16.9%.

The VIX was down nearly 4%, closing the day below 15, at 14.96.

Crude oil futures bounced nicely ahead of tomorrow’s DOE numbers. The United States Oil Fund (USO) was up over 2% on the day.

On the options front, we saw large call buying activity in Foot Locker (FL), which traded 4.8 times normal volume. We also saw a ton of bearish bets being placed in Chemours Company (CC) which traded 16.2 times usual volume.

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

Key Economic Data:
7 July 2016- Jobless Claims 8:30 AM ET, EIA Petroleum Status Report 11:00 AM ET
8 July 2016- Employment Situation 8:30 AM ET

Key Earnings:
7 July 2016- PEP, CUDA, HELE