September 10, 2018 The Week Ahead

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It was a rough week for U.S. stocks, specifically the tech heavy Nasdaq. Semiconductors like KLAC, MU, and AMAT were all under heavy selling pressure. Pot stocks remained active, as Tilray gained over 30%

Other notable stock movers over the week included: ZUO -24.9%, RH -19.7%, ULTA +16.9%, and FB -8.2%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -2.84%, SPDR S&P 500 ETF (SPY) -0.93%, SPDR Dow Jones Industrial Average ETF (DIA) -0.18%, iShares Russell 2000 ETF (IWM) -1.06%

We’ll see if the President’s recent comments regarding trade with China escalate and put a further scare into the markets… just in time for Halloween.

The VIX closed at 14.88 on Friday, a gain of 13.5%

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Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -3.19%, iShares 20+ Year Treasury Bond (TLT) -1.77%, SPDR Gold Shares (GLD) -0.36%

Economic Releases:
12 Sep 2018- PPI- FD 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

13 Sep 2018- CPI 8:30 AM ET; Jobless Claims 8:30 AM ET

14 Sep 2018- Retail Sales 8:30 AM ET; Industrial Production 8:30 AM ET

Key Earnings:
10 Sep 2018- HOV, CASY, SONO

11 Sep 2018- FRAN

12 Sep 2018- COOL, TLRD, SAIC, PVTL

13 Sep 2018- KR, ADBE, VNCE, ORCL

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October 13, 2015 Market Wrap Up

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%.

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