February 28, 2017 The Week Ahead

February 28, 2017 tvcuser Education, Trading GLD, out, PANW, PCLN, prgo, TGT, TLT, USO, wtw, yndx

The markets sold off a little today, as traders positioned themselves ahead of President Trump’s speech, which will be tonight. In addition, we received GDP numbers earlier in the session, which came in at 1.9% for Q4, a number that was below the estimates of 2.1%

Strong earnings performers included: The Priceline Group (PCLN) and Weight Watchers (WTW)

Weak earnings performers included: Palo Alto Networks (PANW), Perrigo Company (PRGO), and Target (TGT)

ETF Performers: United States Oil Fund (USO) -0.17%, iShares 20+ Year Treasury Bond (TLT) +0.37%, SPDR Gold Shares (GLD) +0.09%.

On the options front, we saw large call buying activity in Yandex (YNDX), which traded 3.1 times normal option volume. In addition, we saw heavy put buying in Outfront Media (OUT), which traded 6.9 times normal option volume.

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

Key Economic Data
1 March 2017- Personal Income and Outlays 8:30 AM ET, ISM Manufacturing 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET
2 March 2017- Jobless Claims 8:30 AM ET

Key Earnings
28 Feb 2017- AZO, CNP, DDD, ENDP, NRG, NLNK, PAH, QVCA, SEAS, SHOO, TGT, VRX, AMBA, BUFF, CRM, DAR, ETSY, EVHC, HALO, LOGM, PANW, TSRO, UHS, VEEV, WTW
1 March 2017- AEO, BBY, CROX, DLTR, DY, IEP, KERX, LOW, MYL, ODP, WIN, AVGO, BOX, KIN, SHAK, XON, VSI
2 March 2017- ANF, BKS, BUD, BURL, JD, JOY, KR, TD, ZEUS, COST, HABT, MRVL, SGMS, WING

Key Events
27 Feb 2017- Mobile World Congress (runs till 3/2); Morgan Stanley Technology, Media and Telecom Conference (runs till 3/2)

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

January 5, 2017 Market Wrap Up

January 5, 2017 tvcuser Education, Trading CEB, Dow Jones, Economic Data, GLD, HST, KSS, MNK, Nasda, PANW, Russell 2000, TLT, USO, VIX

The markets saw their first down day of the new year. The Dow Jones Industrials and Russell 2000 all finished lower. However, the Nasdaq was able to finish out the day positive. Keep in mind, volumes are still relatively light this week as traders are slowly getting back in the groove.

The VIX continued it’s sell off, as it closed below 12 at 11.67.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +1.04%, iShares 20+ Year Treasury Bond (TLT) +1.57%, SPDR Gold Shares (GLD) +1.55%.

Stocks in play today included: Palo Alto Networks (PANW) +3.10%, Kohls (KSS) -19%, and CEB Inc. (CEB) +20.92%.

On the options front, we saw large call buying activity in Host Hotels and Resorts (HST), which traded 4.9 times normal option volume. In addition, we saw heavy put buying in Mallinckrodt (MNK), which traded 3.6 times normal option volume.

Check out what’s left on the schedule below:

Key Economic Data:
6 Jan 2017- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

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