July 23, 2017 The Week Ahead

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Nearly all major indices closed the week higher, except for the Dow Jones Industrials, which was due to weakness seen in IBM, General Electric, Home Depot, and Goldman Sachs.

The VIX closed right near 52-week lows, at 9.36 on Friday.

However, for the most part, earnings have been decent thus far. Going into next week, we’ll be on the lookout for earnings numbers from: Facebook, Alphabet, Amazon, Intel, and Coca-Cola to name a few.

In addition to a busy earnings schedule, traders will be focused on economic data being released. The most important being the FOMC Meeting Announcement and GDP.

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) 0.54%, iShares Russell 2000 (IWM) +0.58%, SPDR Dow Jones Industrials Average ETF (DIA) -0.34%, and PowerShares QQQ ETF (QQQ) +1.40%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -2.61%, iShares 20+ Year Treasury Bond (TLT) +1.91%, SPDR Gold Shares (GLD) +2.13%.

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
24 July 2017- PMI Composite Flash 9:45 AM ET; Existing Home Sales 10:00 AM ET

26 July 2017- New Home Sales 10:00 AM ET; EIA Petroleum Status Report 10:30 Am ET; FOMC Meeting Announcement 2:00 PM ET

27 July 2017- Durable Goods Orders 8:30 AM ET; International Trade in Goods 8:30 AM ET; Jobless Claims 8:30 AM ET

28 July 2017- GDP 8:30 AM ET

Key Earnings:
24 July 2017- ARNC, HAS, HAL, ITW, LII, MAN, MAS, SWK, VFC, APC, CDNS, GOOGL, HXL, MC, RE, SANM

25 July 2017- AKS, BIIB, CAT, DD, DGX, DPZ, FCX, GM, HCA, IPG, JBLU, KMB, LLY, LW, MCD, NEM, PCAR, PHM, PNR, STX, SVU, TRWO, TRU, UTX, WAT, AKAM, AMD, AMGN, CB, CMG, DLB, IRBT, ESRX, JNPR, QTS, RHI, SFLY, T, TXN, UHS, ZION, X

26 July 2017- ALK, ANTM, BA, BAX, DHI, F, FLIR, GD, GLW, HES, HLT, HSY, IR, KO, LEA, LH, NDAQ, NOC, NYCB, PSA, ROK, SIX, STT, TMO, TUP, WM, BWLD, DFS, EW, FB, FFIV, GILD, HST, HUBG, IMAX, KIM , KN, LPSN, LRCX, KIM, MAA, MLNX, NOW, ORLY, PYPL, RCII, TSCO, VAR, VRTX, XLNX

27 July 2017- ADP, ALLY, ALXN, AMT, BMY, BSX, BWA, CELG, CHTR, CLF, CMCSA, COP, DNKN, DOW, DPS, EQT, EVR, GNC, HUN, IP, IVZ, JCI, KKR, LAZ, LUV, MA, MAS, MO, NLSN, PG, RTN, SIRI, TWTR, UPS, VLO, VZ, WWE, ZBH, ALGN, AMZN, BIDU, BYD, CERN, EA, EIX, ELLI, EXPE, GIMO, HIG, INTC, KLAC, LOGM, MAT, MHK, NOV, RSG, SBUX, VRSN, WDC

28 July 2017- ABBV, APA, BEN, BHGE, COG, COL, CVX, HCN, IRM, LYB, MRK, PEG, WY, XOM

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July 20, 2017 Market Wrap Up

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All eyes were on the ECB this morning, as the group decide to leave key interest rates unchanged. Overall, the the markets closed flattish today.

Appliance retailers took a hit today after Sears and Amazon agreed to a partnership. Shares of the Home Depot, Lowes Companies, and Whirlpool closed sharply lower.

Earnings highlights included: eBay -4.9%, Microsoft +1.34%, and Visa +1.04%

The VIX closed below ten, an indication that there isn’t much fear in the markets at the moment.

Index ETF movers: SPDR S&P 500 ETF (SPY) +0.01%, iShares Russell 2000 (IWM) +0.01%, SPDR Dow Jones Industrials Average ETF (DIA) -0.07%, and PowerShares QQQ ETF (QQQ) +0.13%

Commodity and futures related ETF movers: United States Oil Fund (USO) -0.83%, iShares 20+ Year Treasury Bond (TLT) +0.29%, SPDR Gold Shares (GLD) +0.15%.

On the options front, we saw large call buying activity in Obsidian Energy (OBE), which traded 4.3 times normal option volume. In addition, we saw heavy put buying in Franklin Resources (BEN), which traded 2.3 times normal option volume.

Key Earnings:
20 July 2017- GPC, KEY, PM, SAP, UL, UNP, COF, EBAY, ISRG, MSFT, SWKS, V
21 July 2017- C, FRC, JPM, PNC, WFC

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February 19, 2017 The Week Ahead

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Last week we wrote: “The markets keep rolling higher… seems like nearly every other day an all-time high is being made.” Well, not much has changed, as the all three averages posted gains of over 1% on the week.

Interestingly, the attention continues to stay more or less focused on politics than what’s going on in the financial markets. The VIX did gain on the week, moving from 10.85 to 11.49, however; that’s still relatively low given the political climate we’re in.

Moving on to gold and oil.

Crude oil futures closed the week lower, finishing down 0.76%. In precious metals, gold futures prices finished the week higher, gaining about .10%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.96%, iShares 20+ Year Treasury Bond (TLT) -0.36%, SPDR Gold Shares (GLD) +0.07%.

Some key earnings include: Tesla Motors, Wal-Mart, Hewlett Packard, Herbalife, and Home Depot.

Here is a list of some events that traders will be following:

Key Economic Data:
21 Feb 2017- PMI Manufacturing Index 9:45 AM ET
22 Feb 2017- Existing Home Sales 10:00 AM ET, FOMC Minutes 2:00 PM ET
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:
21 Feb 2017- AAP, AER, BHP, CBRL, EXAS, EXPD, GPC, HD, HSBC, LL, M, MDR, MDT, PWR, WLK, WMT, EIX, CXO, FSLR, IRWD, LZB, NEM, PZZA, XPO
22 Feb 2017- DISH, GRMN, HFC, HST, LAMR, LYG, MBLY, NI, PNK, SBGI, SIX, TEX, TJX, TOL, WWW, CAKE, CLR, CLVS, ETE, ETP, EVHC, FIT, HPQ, LB, O, SQ, SUN, TROX, TSLA, TSRA
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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