April 13, 2017 Market Wrap Up

April 13, 2017 tvcuser Education, Trading C, dht, Economic Data, GLD, JPM, osk, TLT, USO, VIX, WFC

All major indices sold off today, with the Russell 2000 being the most heavily hit, dropping over 1% on the day. That being said, earnings season popped off with three major banks releasing results: Wells Fargo & Company (WFC) -3.33% , JPMorgan Chase (JPM) -1.17% and Citigroup -0(C) -0.8%

Keep in mind, some of the major banks will be releasing earnings on Thursday. Until then, expect to see political headlines dominate the news. More specifically what’s been happening with Syria and relations with Russia.

Where is the VIX in today’s action?

The VIX closed at 15.96, the highest levels we’ve seen year to date. Maybe the market is bracing for more political headwind or expecting earnings to come in flat this quarter.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +0.18%, iShares 20+ Year Treasury Bond (TLT) +0.31%, SPDR Gold Shares (GLD) 0.48%.

On the options front, we saw large call buying activity in DHT Holdings Inc. (DHT), which traded 10.6 times normal option volume. In addition, we saw heavy put buying in Oshkosh Corporation (OSK), which traded 44.8 times normal option volume.

The markets are closed tomorrow in preparation of the Easter holiday. However, there are some economic releases on Friday, you can check out the schedule below.

Key Economic Data
14 April 2017- Consumer Price Index 8:30 AM EST; Retail Sales 8:30 AM EST

Be sure to check out our Active Trading Masters Program | Online Courses

January 10, 2016 The Week Ahead

January 10, 2016 tvcuser Education, Trading C, Conferences, Crude Oil, Data, Earnings, Economic, education, INTC, JPM, S&P 500, VIX, WFC

The S&P 500 is off to a rocky start, down nearly 6% in the year. Fears of a China slow-down, along with rising interest rates are possible reasons for the sell off. With that said, traders will be watching closely what happens in the Asian sessions.

In addition, crude oil prices continue to drop. They’re down over 10%, early in the new year. Crude oil futures prices are currently below $35 per barrel.

The VIX exploded, gaining over 9 points on the week, closing above 27.

If things weren’t volatile enough, earnings kick off this coming week. We are looking forward to results out of intel (INTC), as well as many of the big banks like Wells Fargo (WFC), JPMorgan (JPM), and Citigroup (C).

Here’s what else is going on:

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:
11 January 2016- AA
12 January 2016- CSX
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)

October 13, 2015 Market Wrap Up

October 13, 2015 tvcuser Education, Trading CRM, Data, Earnings, Economic, education, INTC, JPM, KLAC, S&P 500, SNDK, trading, USO, VIX

October 13, 2015 Market Wrap Up

The S&P 500 closed the day slightly lower; however, volume was extremely light. The SPDR S&P traded less than 87 million shares compared to the typical 140-150 million shares we’ve been used to seeing. In respect to the Dow Jones Industrials, its 7-day winning streak was snapped.

With that said, the VIX finally showed some life. It was up over 9% and is now at 17.67.

The energy sector was weak; the United States Oil Fund (USO) was down nearly 2%.

On the options front, we saw bullish call buying in Salesforce.com (CRM). Options that saw bearish put buying in KLA Tencor Corporation (KLAC).

This evening we got earnings from Intel (INTC) -.2% and JPMorgan Chase (JPM) -1%.