September 14, 2016 Market Wrap Up

September 14, 2016 tvcuser Education, Trading AAPL, Crude Oil, Earnings, Economic Data, HLF, LVLT, LYB, MON, S&P 500, VIX

The S&P 500 was not able to hold onto gains today, as it closed slightly lower. The market is relatively flat on the week as it awaits the highly anticipated FOMC announcement next week. One thing is for sure, we’re starting to see more volatility as witnessed by the surge in the VIX over the last four trading days.

Stocks in play today included: Herbalife (HLF) +3.9%, Apple (AAPL) +3.5%, and Monsanto (MON) +0.39%

The VIX caught a bid and is now trading above 18.

Crude oil futures prices are having a rough week thus far. They’re down nearly 6% on the week, and down about 3% today.

On the options front, we saw large call buying activity in LyondellBasell Industries (LYB), which traded 3.9 times normal option volume. In addition, we saw heavy put buying in Level 3 Communications (LVLT), which was 5.5 times normal options volume.

Here’s what’s on tap for tomorrow and Friday:

Key Economic Data:
15 Sep 2016- Jobless Claims 8:30 AM ET, PPI 8:30 AM ET, Retail Sales 8:30 AM ET, Philly Fed Survey 8:30 AM ET, Industrial Production 9:15 AM ET
16 Sep 2016- Consumer Price Index 8:30 AM ET

Key Earnings:
15 Sep 2016- ORCL

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

July 19, 2016 tvcuser Education, Trading Crude Oil, DOE, Earnings, Economic Data, IBM, KORS, KR, LN, MON, Netflix, S&P 500, STMP, VIX, VMW, VMware

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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