March 26, 2017 Market Wrap Up

March 28, 2017 tvcuser Education, Trading CCL, dri, Earnings, Economic Data, fds, GLD, ON, RH, scg, TLT, USO, VIX

The markets bounced back today after seeing some selling pressure over the last week. With that said, the sell off didn’t last that long, nor was it that intense.

After seeing the VIX hang out in the 14 area last week, we’re seeing it come back in. Today it closed at 11.53, a drop of nearly 8% today.

ETF Performers: United States Oil Fund (USO) +1.10%, iShares 20+ Year Treasury Bond (TLT) -0.67%, SPDR Gold Shares (GLD) -0.43%.

On the options front, we saw large call buying activity in ON Semiconductor (ON), which traded 4.6 times normal option volume. In addition, we saw heavy put buying in Scana Corporation (SCG), which traded 11.5 times normal option volume.

Some earnings results that traders paid attention too today included:

Carnival (CCL) +0.62%.Darden Restaurants (DRI) +9.3%, Factset Research (FDS) -5.7%, and Restoration Hardware (RH) +19.5%

Here is what is on tap for tomorrow:

Key Economic Data:
29 March 2017- Pending Home Sales Index 10:00 AM ET
30 March 2017- GDP 8:30 AM ET; Jobless Claims 8:30 AM ET
31 March 2017- Personal Income and Outlays 8:30 AM ET

Key Earnings:
29 March 2017- PRGS, WRD, GEVO, OMN
30 March 2017- LNN, SNAK, TITN, EGLE, PRKR, UNXL

Be sure to check out our Active Trading Masters Program | Online Courses

November 23, 2016 Market Wrap Up

November 23, 2016 tvcuser Education, Trading Crude Oil, DOW, ON, Russell 2000, S&P 500, Thanksgiving, VIX, WCN

The S&P 500, Dow, and Russell 2000 closed on record highs today. Of course, volume was light ahead of Thanksgiving. The big economic news was the release of the FOMC minutes. At the moment, the market is pricing in a rate hike for the December meeting. In addition, the dollar index saw its highest close in over a decade.

The VIX was relatively unchanged as it closed at 12.43.

Crude oil futures were relatively unchanged, all eyes will be on next week’s OPEC meeting. Overall, crude oil futures are up on the week in hopes that the meeting results in some type of production cut.

On the options front, we saw large call buying activity in ON Semiconductor (ON), which traded 13.8 times normal option volume. In addition, we saw heavy put buying in Waste Connections (WCN), which saw 9.9 times normal options volume.

The markets are closed tomorrow for the Thanksgiving holiday and will be open till 1 PM ET on Friday. With that said, have a happy and safe Thanksgiving!

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

Key Economic Data:
25 Nov 2016- International Trade In Goods 8:30 AM ET

Be sure to check out our Active Trading Masters Program | Online Courses