March 9, 2017 Market Wrap Up
The markets were mixed today, with the all indices gaining except for the Russell 2000 which sold off slightly. Making news today was the energy market and the ECB meeting, which turned out to be a non-event. However, it’s worth noting that volume was above average in all major indices today.
Strong earnings performers included: Signet Jewelers (SIG) and Orbital ATK (OA)
Weak earnings performers included: Stratasys (SSYS) and Ulta Beauty (ULTA)
The VIX closed higher today, at 12.30, a gain of 3.71%
ETF Performers: United States Oil Fund (USO) -1.31%, iShares 20+ Year Treasury Bond (TLT) -0.80%, SPDR Gold Shares (GLD) -0.59%.
On the options front, we saw large call buying activity in Arch Capital Group (ACGL), which traded 50 times normal option volume. In addition, we saw heavy put buying in AmTrust Financial (AFSI), which traded 7.8 times normal option volume.
The only scheduled event worth noting for tomorrow is the employment situation
Key Economic Data:
10 March 2017- Employment Situation 8:30 AM ET
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