July 3, 2016 The Week Ahead

July 3, 2016 tvcuser Education, Trading Crude Oil, Economic Data, FOMC, Gold, S&P 500, VIX

What a difference a week makes. The S&P 500 has gained more than 5% over the last 4 trading sessions, as it’s inching closer to yearly highs. With that said, the VIX on Friday closed at 14.77, that’s 42% off last Friday’s close of 25.76. Some believe the threat of contagion after Brexit was overestimated as it appears that the EU and UK plan on working closely together to assure some type of order.

Interestingly, Gold, often recognized as a safe haven also saw futures prices rise this week, nearly 2% and closing around 1340… which isn’t too far from the year to date high. Not to mention, US Treasury futures prices also rose more than 2% on the week. They too, are near the yearly highs.

Crude oil futures prices rose more than 3% on the week, at around $49 per barrel.

Outside of the FOMC minutes being released, we’ve got a pretty thin schedule coming up with markets being closed on Monday. With that said, have a happy and safe Independence Day!

Here is what is on tap for this upcoming week:

Key Economic Data:
6 July 2016- International Trade 8:30 AM ET, FOMC Minutes 2:00 PM ET
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:
6 July 2016- WBA
7 July 2016- PEP, CUDA, HELE

March 20, 2016 The Week Ahead

March 20, 2016 tvcuser Education, Trading Conferences, Crude Oil, Data, Earnings, education, Gold, S&P 500, VIX

The S&P 500 finished the week on it’s year-to-date highs. An impressive +13% run up from the February 11 lows. A pretty fast transition from panic selling to now almost panic buying. With that said, the VIX closed barely above 14, as we head into a shortened week of trading.

The markets will be closed on Friday, giving many reason to believe that we might continue to see this low volume rally continue.

Even more impressive, has been the run up in crude oil prices. It was another strong week of gains as we eclipsed $40 per barrel. We’re also sitting close to the 2016 highs in crude oil.

Another commodity that is near yearly highs is gold, with cash gold closing the week at 1255.04.

The market is anticipating low volatility, but here are some events to look out for:

Key Economic Data:
21 March 2016- Existing Home Sales 10:00 AM ET
23 March 2016- New Home Sales 10:00 AM ET, EIA Petroleum Report 10:30 AM ET
24 March 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
25 March 2016- GDP 8:30 AM ET

Key Earnings:
21 March 2016- MFRM
22 March 2016- FIVE, NKE, RHT, SCS, XONE
23 March 2016- FRAN, GIS, KBH, PVH, RH
24 March 2016- TFM, GME, ACN, FINL, SIG

Key Conferences:
21 March 2016- Apple Product Event Launch, Howard Weil Energy Conference (runs till 3/23)
22 March 2016- Telsey Advisory Conference (runs till 3/23)

July 3, 2016 The Week Ahead

March 20, 2016 The Week Ahead

Holiday Sales Event!