February 22, 2017 The Week Ahead

February 22, 2017 tvcuser Education, Trading Earnings, Economic Data, Events, GLD, grmn, HFC, lb, mbly, tex, TLT, TSLA, USO

The markets closed mixed today on lower than expected volume. For the most part, we’ve been trending higher with no real hiccup to note of. That said, even the FOMC minutes were a non-event today. The VIX is still trading below 12, as it closed at 11.74.

Strong earnings performers included: Garmin (GRMN), Mobileye (MBLY), and Tesla (TSLA)

Weak earnings performers included: L Brands (LB), Hollyfrontier (HFC), and Terex (TEX)

ETF Performers: United States Oil Fund (USO) -1.56%, iShares 20+ Year Treasury Bond (TLT) +0.17%, SPDR Gold Shares (GLD) +0.14%.

On the options front, we saw large call buying activity in Liberty Interactive (QVCA), which traded 289 times normal option volume. In addition, we saw heavy put buying in Macquarie Infrastructure Company (MIC), which traded 2.3 times normal option volume.

Here is what is left for the rest of the week:

Key Economic Data:
23 Feb 2017- Jobless Claims 8:30 AM ET, EIA Petroleum Status Report 11:00 AM ET, New Home Sales 10:00 AM ET

Key Earnings:
23 Feb 2017- BSFT, APA, CHK, CRZO, EME, IRM, KSS, PF, SAFM, SFM, STOR, VALE, VAC, DYN, GPS, HLF, IMAX, INTU, JWN, OLED, SWN, ZOES
24 Feb 2017- CLMT, DOC, FL, HSC, IAG, JCP, PEG, KBR, RLGY, STAR

Key Events:
20 Feb 2017- CAGNY Consumer Conference (runs till 2/24)
22 Feb 2017- Barclay’s Industrials Conference (runs till 2/23); RBC Healthcare Conference (runs till 2/23)

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July 14, 2016 Market Wrap Up

July 14, 2016 tvcuser Education, Trading Crude Oil, CY, Dow Jones, EXP, HFC, S&P 500, VIX, VRX, WMB

The S&P 500 continues to break records as we continue to see “risk on” enter the market. Not only that, but treasuries and gold have been selling off, something we weren’t seeing last week. Despite the record close in the S&P 500 and Dow Jones Industrials, volume was extremely anemic today.

Stocks in play today include: Valeant Pharmaceuticals (VRX) +6.29%, Williams Companies (WMB) +6%, and Cypress Semiconductors (CY) +3.5%

The VIX came in today, and is now trading below 13, at 12.82.

Crude oil futures gained more than 1.5% today, however; it’s been relatively flat this week.

On the options front, we saw large call buying activity in HollyFrontier (HFC), which traded 7.6 times normal volume. We also saw a ton of bearish bets being placed in Eagle Materials (EXP) which traded 2.5 times usual volume.

Here’s what’s on tap for tomorrow:

Key Economic Data:
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
15 July 2016- C, WFC, USB, FBR, PNC

June 1, 2016 Market Wrap Up

June 1, 2016 tvcuser Education, Trading Data, Earnings, Economic, ETE, Events, HFC, NKE, OPEC, OPTT, S&P 500, USO, VIX, WLK

The S&P 500 started the new month on a positive note, however; volume was well below the average. With that said, it’s not the greatest sign, when we’re moving towards all-time highs without any follow through in volume.

Stocks in play today: Nike (NKE) -.5%, Energy Transfer Equity (ETE) +8%, Ocean Power Technologies (OPTT) +285%, Hollyfrontier (HFC) +5%

Given the weak volume and lack of downward follow through pressure…the VIX didn’t do too much, closing at 14.20.

The United States Oil Fund (USO) was down less than .25% today. Crude oil futures have been wrestling trying to break $50 per barrel. Now, they’ve been able to get their intraday, but have yet to hold on to it. Tomorrow marks an OPEC meeting as well as the EIA petroleum report.

On the options front, we saw large call buying activity in Westlake Chemical Corp (WLK), which traded 16.9 times normal volume. We also saw a ton of bearish bets being placed in Nike (NKE), which traded 3.9 times usual volume.

Here’s what’s left for tomorrow and Friday:

Key Economic Data:
2 June 2016- Jobless Claims 8:30 AM ET, EIA Petroleum Status 11:00 AM ET
3 June 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
2 June 2016- CIEN, CONN, JOY, AMBA, AVGO, CMTL, FIVE, IDT, ZUMZ

Key Events:
KeyBanc Industrials & Auto Conference (runs till 6/2)
Bernstein 32nd Annual Strategic Decisions Conference (runs till 6/3)
Bank America Global Technology Conference (runs till 6/2)
Cowen 44th Annual Technology, Media & Telecom Conference (runs till 6/2)
DA Davidson 8th Annual Technology Forum; RBC Consumer & Retail Conference (runs till 6/2)