July 28, 2016 Market Wrap Up

July 28, 2016 tvcuser Education, Trading AMZN, Crude Oil, CRUS, Earnings, Economic Data, EMN, EXPE, FEYE, GNC, GOOGL, INFN, JAZZ, S&P 500, SDRL, VIX

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 21, 2016 Market Wrap Up | TVC Trading Education Courses

July 21, 2016 tvcuser Education, Trading CMG, Crude Oil, Earnings, HUM, JAZZ, JOY, KONE, LUV, OPTT, PFPT, PYPL, RLYP, S&P 500, SBUX, VIX, ZFGN

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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January 12, 2016 Market Wrap Up

January 12, 2016 tvcuser Education, Trading Conferences, Crude Oil, Data, Earnings, Economic, education, FCX, JAZZ, S&P 500, SUNE, TNDM, VIX, WMB

It was another tremendous day of volatility in the markets. The S&P 500 traded between 1914 and 1947, ultimately closing the day .8% higher. Believe it or not, this marks the second straight up day on the week. But as mentioned earlier, the markets have been all over the place, swinging from positive to negative territory at rapid speeds.

The VIX sold off nearly 8%, closing above 22, at 22.47.

Crude oil futures prices went below $30 per barrel during the trading session. However, they were able to close above that level. It seems like for the last two years, traders have been trying to pick a bottom in crude oil with not a whole lot of success.

With that said, several oil and commodity related names were in play today: Freeport-Mcmoran (FCX) -5.4%, Sunedison (SUNE) -9.6%, Williams Companies (WMB) -12%

On the options front, we saw large call buying activity in Jazz Pharmaceuticals (JAZZ). We also saw aggressive put buying in Tandem Diabetes Care Inc (TNDM).

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

Key Economic Data:
14 January 2016- Jobless Claims 8:30 AM ET
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
13 January 2016- SVU
14 January 2016- JPM, INTC
15 January 2016- BLK, C, FAST, RF, USB, WFC

Conferences:
11 January 2016- JPMorgan Healthcare Conference (runs till 1/15), UBS Greater China Conference (runs till 1/15)
12 January 2016- Deutsche Bank Global Auto Industry Conf (runs till 1/13), Needham Growth Conference (runs till 1/14)