August 13, 2018 The Week Ahead

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Stocks were mixed during the week as geopolitics grabbed the headlines. Concerns over further escalating tariffs and the ongoing currency crisis in Turkey were among the top stories of the week. Interestingly, gold did not rally off any of these events despite it being viewed as a safe haven investment.

The number of earnings releases are starting slow down and there isn’t much on the economic schedule this week.

Stocks in play during the week included: NWL -21.6%, MTCH +34.16%, KORS +13.12%, ROKU +24.92%, and TM -5.38%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +0.24%, SPDR S&P 500 ETF (SPY) -0.16%, SPDR Dow Jones Industrial Average ETF (DIA) -0.43%, iShares Russell 2000 ETF (IWM) +0.69%

The VIX closed at 13.20 on Friday.

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Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -1.33%, iShares 20+ Year Treasury Bond (TLT) +1.21%, SPDR Gold Shares (GLD) -0.20%

Economic Releases:
15 Aug 2018- Retail Sales 8:30 AM ET; Industrial Production 9:15 AM ET; EIA Petroleum Status Report 10:30 AM ET

16 Aug 2018- Housing Starts 8:30 AM ET; Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET

Key Earnings:
13 Aug 2018- SYY, SWCH, EQH

14 Aug 2018- AAP, CDK, EAT, HD, A, MYGN, VIAV, WYY

15 Aug 2018- LXFT, M, CSCO, NTAP

16 Aug 2018- JCP, JD, MSG, WMT, AMAT, JWN, NVDA, VNET, ZOES

17 Aug 2018- DE

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February 7, 2017 Market Wrap Up

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The markets closed the day mixed on below average trading volume. One interesting note coming out of Bespoke, was that the S&P 500 has gone 80 sessions without a single down day of 1% or lower. Again, that’s pretty amazing considering all the media attention we’ve had surrounding US politics.

Some strong earnings performers included: Cardinal Health (CAH) and National Oilwell (NOV)

Some weak earnings performers included: Disney (DIS), Michael Kors (KORS), and General Motors (GM).

The VIX closed lower today, and is still trading below the 12 mark, as it ended the day at 11.29.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -1.67%, iShares 20+ Year Treasury Bond (TLT) +0.74%, SPDR Gold Shares (GLD) -0.24%.

On the options front, we saw large call buying activity in Denbury Resources (DNR), which traded 8.7 times normal option volume. In addition, we saw heavy put buying in Infinera Corporation (INFN), which traded 3.4 times normal option volume.

Here is what is left for the rest of the week:


Key Economic Data:
8 Feb 2017- EIA Petroleum Status Report 10:30 AM ET
9 Feb 2017- Jobless Claims 8:30 AM

Key Earnings:
8 Feb 2017- AXTA, CTSH, EXC, GRA, GRUB, HUM, LPX, RIO, OC, SNY, TWX, VOYA, DNB, FISV, GLUU, IRBT, LVLT, MC, PAYC, SCSS, TRMB, TYL, WFM, ZEN
9 Feb 2017- BATS, BWA, BZH, CLF, COTY, CVS, DNKN, K, KKR, KO, LIVE, MAS, MHK, OXY, PTEN, RAI, TDC, TWTR, VIAB, VRTU, WWE, YUM, ATVI, CERN, CYBR, EXPE, INFN, JCOM, LPLA, MNK, NCR, MPWR, NVDA, NWSA, P, RICK, UBNT, VRSN, WU, YELP, ZAYO, ZNGA
10 Feb 2017- AXL, G, MT

Key Events:
6 Feb 2017- Credit Suisse Financial Services Forum (runs till 2/8)
8 Feb 2017- Cowen 38th Annual Aerospace, Defense & Industrials Conference (runs till 2/9)
9 Feb 2017- KBW Winter Financial Services Symposium (runs till 2/10)

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August 7, 2016 The Week Ahead

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The S&P 500 closed the week higher, holding on to record high levels. Earnings have been rolling out pretty smoothly and on Friday we received a really strong employment number. Sure, a lot of these gains in the market have been on extremely low volume, however; that hasn’t been raised as a concern yet. The economic schedule is light but there are more earnings to look forward too.

The VIX continued to decline during the week, closing on Friday below 12, at 11.39.

Crude oil futures prices gained almost 1% on the week, however; we’re nearly 12% off our one month highs.

Moving on, gold futures prices dropped more than 1% on the week, turning a weekly gain into a loss after Friday’s employment numbers. In addition, T-bond futures prices dropped more than 1.5%, as they fell back from yearly high levels.

As mentioned earlier, earnings season continues to roll. We’ll be hearing from Michael Kors (KORS), Valeant Pharmaceuticals (VRX), Alibaba (BABA), Yelp (YELP), and Disney (DIS) just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
10 Aug 2016- EIA Petroleum Status Report 10:30 AM ET
11 Aug 2016- Jobless Claims 8:30 AM ET
12 Aug 2016- Retail Sales 8:30 AM ET, PPI 8:30 AM ET

Key Earnings:
8 Aug 2016- AGN, DF, HZNP, TSN, ENDP, MCHP, NUAN, ONDK, NWSA, RAX, TWLO, WBMD
9 Aug 2016- CHTR, COH, INCY, LAMR, LNG, MYL, SNI, VRX, W, WWAV, ZBRA, CYBR, DIS, FOSL, JAZZ, MDVN, SCTY, SPWR, YELP
10 Aug 2016- JD, KORS, PRGO, RL, WEN, BUFF, SHAK
11 Aug 2016- BABA, EAT, FLO, CSAL, KSS, M, JWN, NVDA, RT
12 Aug 2016- JCP

Key Conferences:
8 Aug 2016- Credit Suisse Homebuilding & Building Products Conference (runs till 8/9)
9 Aug 2016- Credit Suisse Transports Conference (runs till 8/10); Jefferies Industrials Conference (runs till 8/11); JPMorgan Auto Conference (runs till 8/10); Oppenheimer Tech, Internet, and Communications Conference (runs till 8/10); UBS Financial Services Conference (runs till 8/10)

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August 3, 2016 Market Wrap Up

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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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July 19, 2016 Market Wrap Up | TVC Trading Education Courses

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The S&P 500 closed slightly lower today, but still near record levels. Last night, we got earnings out of Netflix, IBM, and Vmware.

Stocks in play today include: Vmware (VMW) +9%, Line Coporation (LN) -10.14%, Stamps.com (STMP) -4.5%, and Monsanto Company (MON) +.4%

The VIX continues to get destroyed, as it closed below 12 today. Over the last month, the VIX has gone from a high of around 25 to now 11.97.

Crude oil futures dropped 1.5% today, however; down nearly 3% this week ahead of the DOE numbers tomorrow.

On the options front, we saw large call buying activity in Kroger (KR), which traded 2.3 times normal volume. We also saw a ton of bearish bets being placed in Michael Kors Holdings (KORS), which traded 7.7 times usual volume.

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

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

Key Earnings:
20 July 2016- ABT, ASML, HAL, MS, SAP, STJ, WBC, TUP, AXP, EBAY, FFIV, GGG, INTC, MAT, MLNX, NEM, PKG, QCOM, TSCO
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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May 11, 2016 Market Wrap Up

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The S&P 500 sold off today, giving up nearly all of yesterday’s gains. Two sectors that got really beat up where retail and pharma. For example, we saw heavy selling in: Macy’s (M) -15%, Target (TGT) -5.4%, Michael Kors (KORS) -11.9%, and Tiffany & Co. (TIF) -6% to name a few.

On the other end, Amazon.com (AMZN) was up more than 1%, which appears to be the winner from all this. Not to mention, the Office Depot (ODP) -40% and Staples (SPLS) -18% was called off due to regulatory issues…which might have also helped Amazon out as well.

The United States Oil Fund (USO) was up more than 3% today after we got a surprise draw out of the DOE numbers this morning.

The VIX gained more than 7%, closing the day at 14.69.

On the options front, we saw large call buying activity in Scorpio Bulkers (SALT). In addition, we saw heavy put buying in Masco (MAS), which saw 3.9 times usual options volume.

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

Key Economic Data:
12 May 2016- Jobless Claims 8:30 AM ET
13 May 2016- Retail Sales 8:30 AM ET, PPR-FD 8:30 AM ET

Key Earnings:
12 May 2016- AER, KSS, MTW, PRGO, RL, JWN, NVDA, SHAK
13 May 2016- JCP

Key Events:
11 May 2016- Bank America Global Metals, Mining & Steel Conference (runs till 5/12)
11 May 2016- Bank America Healthcare Conference (runs till 5/12)
11 May 2016- Jefferies Technology Conference (runs till 5/12)