April 19, 2016 Market Wrap Up

April 19, 2016 tvcuser Education, Trading CAH, Crude Oil, Data, DE, Dow Jones, Earnings, Economic, IBM, NFLX, S&P 500, SDRL, VIX

The market was relatively mixed today, with the Dow Jones Industrials, S&P 500 trading higher, while, the Nasdaq closed lower due to some poor earnings results in some heavily weighted companies like Netflix.

The VIX sold off a little bit, closing the day at 13.24. This the fourth straight close under 14, and the second lowest closing print of the year.

Crude Oil has had a nice bounce off Sunday’s lows, following an unproductive Doha meeting. WTI Crude closed the day above 41, at 41.08.

On the options front, we saw large call buying activity in Deere & Co. (DE). In addition, we saw heavy put buying in Cardinal Health (CAH), which saw 6.2 times usual options volume.

Stocks in play included: IBM (IBM) -5.6%, Netflix (NFLX) -12.9%, and SeaDrill (SDRL) +12.9%

Here’s what’s left this week:

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

Key Earnings:
20 April 2016- ABT, ARMH, ASML, CHKP, EMC, CP, KO, HBAN, ITW, SAP, TUP, USB, AXP, CCK, CTXS, FFIV, MAT, NEM, QCOM, SYK, YUM, VMI
21 April 2016- ALK, BBT, BIIB, BK, CFG, DGX, DHI, FCS, FITB, GM, KCG, KEY, LUV, PPG, PHM, SHW, UA, UNP, VZ, AMD, GOOGL, MSFT, SBUX, SWN, V, SLB
22 April 2016- CAT, GE, KMB, MCD, SYF, STI

January 18, 2016 The Week Ahead

January 18, 2016 tvcuser Education, Trading BAC, Conferences, Crude Oil, Data, Earnings, Economic, education, GS, IBM, MS, NFLX, S&P 500, SBUX, trading, VIX

The S&P 500 continues to see heavy selling pressure this year, as we’re already down 8% thus far. Many attribute it to the slowdown in China; The Shanghai Composite Index is down more than 17% year-to-date.

In addition, crude oil prices continue to drop. They’re down over 20%, early in the new year. Cash crude oil prices are currently trading below $30 per barrel.

The VIX actually didn’t change much from last week, closing above 27.

For a four-day trading week, it’s pretty busy. On Tuesday, we’ll get China retail sales and GDP numbers. On Thursday, we’ve got the ECB interest rate decision. On top of that, we’ve got a ton of earnings being reported.

Reporting this week: Netflix (NFLX), Bank of America (BAC), Morgan Stanley (MS), IBM, Goldman Sachs (GS), Starbucks (SBUX), and a whole lot more.

Here’s what else is on tap:

Key Economic Data:
20 January 2016- Consumer Price Index 8:30 AM ET, Housing Starts 8:30 AM ET
21 January 2016- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET
22 January 2016- Existing Home Sales 10:00 AM ET

Key Earnings:
19 January 2016- BAC, MS, SCHW, UN, UNH CREE, IBKR, IBM, LLTC, NFLX
20 January 2016- EAT, GS, FFIV, XLNX
21 January 2016- ALK, CP, LUV, VZ, ISRG, JBHT, MXIM, SBUX
22 January 2016- COL, GE, KSU, LM, SAP, SYF

Conferences:
20 January 2016- World Economic Forum in Davos (runs til 1/23)