May 2, 2017 Market Wrap Up

Stocks ended up higher on the day, except for the Russell 2000, which sold off 0.57%, however; the Nasdaq touched all-time highs yet again. The VIX actually closed green, up 4.75% on the day, at 10.59.

Earnings will be the story for the entire week. That said, the FOMC has their key interest rate meeting; however, it is expected that they will not make any changes.

At the time of this writing, this is how some of them stand: Twilio (TWLO) -30%, Apple (AAPL) -1%, Advanced Micro Devices (AMD) -0.25%, Akamai Technologies (AKAM) -9.7%, and Fireeye (FEYE) +10.3%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -2.27%, iShares 20+ Year Treasury Bond (TLT) +0.51%, SPDR Gold Shares (GLD) -0.02%.

On the options front, we saw large call buying activity in New York Reit (NYRT), which traded 30.5 times normal option volume. In addition, we saw heavy put buying in Hologic (HOLX), which traded 19.6 times normal option volume.

Here is what is left on the schedule:

Key Economic Data
03 May 2017- EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting 2:00 PM ET
04 May 2017- International Trade 8:30 AM ET, Jobless Claims 8:30 AM ET
05 May 2017- Employment Situation 8:30 AM ET

Key Earnings
02 May 2017- ADM, AET, CHTR, COH, COP, CVS, EMR, ETN, EXLS, FIS, HCA, HCP, HLT, LL, MA, MOS, MRK, PFE, SABR, SHOP, AAPL, AKAM, APC, BYD, CSOD, DVN, FEYE, FSLR, FTR, GILD, EVHC, GDDY, HUBS, MDLZ, MTCH, OCLR, OKE, TEX, TWLO
03 May 2017- ADP, CDW, CLX, DLPH, EL, FLOW, GRMN, GRPN, HUM, ICE, MCK, NYT, RAI, S, SBGI, SO, TAP, TWX, YUM, AIG, ARRS, ANSS, CAKE, CATM, CF, CRUS, CXO, DDD, FB, FIT, GLUU, LNT, KHC, LVLT, PXD, PRU, RIG, TIVO, TSLA, WMB
04 May 2017- APA, CHD, CHK, D, FLR, INCY, IT, K, OXY, ZTS, VIAB, WLTW, ATVI, CBS, LOGM, MET, MRO, PKI, VECO
05 May 2017- CNP, CTSH, HCN, MC

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