December 28, 2016 Market Wrap Up

December 28, 2016 tvcuser Education, Trading Economic Data, GLD, KATE, NVDA, PCTI, TLT, USO, VIX, WMK

The markets sold off today on below average trading volume. With that said, there isn’t much left on the schedule for the final two days of trading. The only drama really left is if the Dow Jones Industrial Average will breaking 20k.

Even though trading volume was relatively low, we did see a bidin the VIX, as it closed at 12.95, a rise of 8%.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +0.17%, iShares 20+ Year Treasury Bond (TLT) +0.73%, SPDR Gold Shares (GLD) +0.28%.

Stocks in play today included: Nvidia (NVDA) -6.88% and Weis Markets (WMK) +11.67%, Kate Spade & Co. (KATE) +23%

On the options front, we saw large call buying activity in Kate Spade & Co. (KATE), which traded 9.0 times normal option volume. In addition, we saw heavy put buying in PC Tel (PCTI), which saw 38.4 times normal options volume.

Here’s what’s on tap for the rest of the week:

Key Economic Data:
29 Dec 2016- International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET

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August 3, 2016 Market Wrap Up

August 3, 2016 tvcuser Education, Trading CRAY, DDD, Earnings, Economic Data, GNW, GPS, HLF, KATE, KORS, S&P 500, SPY, TRIP, TSLA, VIX

The S&P 500 recovered about half their losses from yesterday, closing the day .3% higher. With that said, volumes were well below average. The SPDR S&P 500 traded about 52 million shares, whereas on average it trades around 80-85 million.

Stocks in play today include: Genworth Financial (GNW) +28.7%, 3D Systems (DDD) +17.6%, Cray (CRAY) -30.4%, and Kate Spade (KATE) -18.7%

The VIX closed lower, now trading below 13 at 12.86.

Crude oil futures surged today, climbing over 4% and closing above $41 per barrel.

On the options front, we saw large call buying activity in Gap (GPS) and Michael Kors (KORS).

This evening we got earnings out of Tesla Motors (TSLA) -.96%, Tripadvisors (TRIP) -7.7%, and Herbalife (HLF) +2.86% to name a few.

Here’s what’s on tap for tomorrow and the rest of the week:

Key Economic Data:
4 August 2016- Jobless Claims 8:30 AM ET
5 August 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
4 Aug 2016- DUK, K, MGM, NOK, PCLN, SEAS, SSYS, TEVA, TIME, VIAB, ANET, ATVI, CSOD, FLR, FSLR, IMPV, KHC, LGF, LNKD, OLED, TRUE, TTWO, ZG, ZNGA
5 Aug 2016- WY, WLTW, HSBC, CTSH, AES

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February 23, 2016 Market Wrap Up

February 23, 2016 tvcuser Education, Trading Conferences, Crude Oil, Earnings, Economic, KATE, MSI, PTCT, RYAAY, S&P 500, VIX, WHR

The S&P 500 was relatively weak the whole day, giving up nearly all of yesterday’s gains. Some attribute the weakness due to concerns out of China and Europe, as their markets closed lower as well.

A sell-off in crude oil didn’t really help the cause either. After a huge move up yesterday, crude oil futures prices gave up half of yesterday’s gains. We’re hovering in the low 30s…well off our recent lows of 26.

The VIX closed below 20 yesterday. However, with the weakness in the markets today, it jumped back above that 20 mark, closing 8% higher at 20.98.

On the options front, we saw large call buying activity in Kate Spade and Company (KATE). In addition, we saw heavy put buying in Ryanair Holdings (RYAAY), about 32.9 times usual options volume.

Stocks in play included: Whirlpool (WHR) +6.5%, Motorola Solutions (MSI) +6%, and PTC Therapeutics (PTCT) -60%.

Here’s what’s going on tomorrow and the rest of the week:

Key Economic Data:
24 February 2016- New Home Sales 10:00 AM ET, EIA Petroleum Status Report 11:00 AM ET
25 February 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
26 February 2016- GDP 8:30 AM ET, International Trade 8:30 AM ET, Personal Income and Outlays 8:30 AM ET

Key Earnings:
24 February 2016- CC, CHK, LOW, MBLY, TGT, RLGY, AVG, CRM, ETE, HPQ, IMAX, NFX, NTES, RIG, SUN, TUMI, WLL
25 February 2016- APA, BBY, CHS, CPB, DPZ, GOGO, KSS, SAFM, SEAS, SFM, SN, VAC, VALE, WNR, ADSK, BIDU, BLOX, BMRN, HLF, INTU, KHC, PANW, STRZA, SPLK, UHS, WTW
26 February 2016- HLT

Key Conferences:
22 February 2016- Credit Suisse Energy Summit (runs till 2/25)
23 February 2016- Jeffries Media and Communications Conference (runs till 2/24), RBC Healthcare Conference (runs till 2/24)
24 February 2016- Wells Fargo Real Estate Conference (runs till 2/25), Wells Fargo Bank Investor Forum