April 26, 2017 Market Wrap Up

April 26, 2017 tvcuser Education, Trading AGIO, DPS, Earnings, Economic Data, GLD, PG, SIEN, STX, TLT, TWTR, USO, VIX

After enjoying a record setting day yesterday, some stock indices took a breather. However, the Russell 2000 bucked the trend and closed the day positive. Over the last couple of trading sessions, the VIX has gotten beat up, as its now trading below 11 at 10.85.

The catalyst?

Looks like the French election, which happened on Sunday was the reason global markets rose on Monday. Earnings have been okay thus far, and President Trump is pushing towards policies that will boost business sentiment.

Earnings will continue to be heavily watch, here are some names that reported: Dr Pepper Snapple Group, Inc. (DPS) -5.52%, Procter & Gamble (PG) -2.52%, Seagate Technology (STX) -16.83% and Twitter (TWTR) +7.91%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.97%, iShares 20+ Year Treasury Bond (TLT) +0.55%, SPDR Gold Shares (GLD) +0.49%.

On the options front, we saw large call buying activity in Sientra Inc. (SIEN), which traded 10.3 times normal option volume. In addition, we saw heavy put buying in Agios Pharmaceuticals (AGIO), which traded 5.4 times normal option volume.

Here is what is left on the schedule:

Key Economic Data:
27 April 2017- Jobless Claims 8:30 AM ET; Durable Goods Orders 8:30 AM; International Trade in Goods 8:30 AM ET
28 April 2017- GDP 8:30 AM ET

Key Earnings:
26 April 2017- ANTM, BAX, DPS, HES, HSY, NDAQ, NOC, NSC, ROK, PG, SLAB, SONS, STT, STX, TWTR, UTX, X, WM, WRK, WYN, AMGN, CAVM, BWLD, FFIV, NOW, ORLY, PYPL, SAM, TSCO, XLNX
27 April 2017- ABBV, APD, BMY, BSX, BWA, CELG, CMCSA, CME, DOW, F, GRUB, IP, IRM, JCI, LAZ, LLL, LUV, MPC, POT, SIRI, SPG, UAA, UNP, UPS, AIV, AMZN, BIDU, EXPE, GOOGL, GPRO, INTC, MLNX, MAC, MSFT, SBUX, VRTX, WDC
28 April 2017- CL, COG, CVX, GM, GT, HST, LYB, PSX, SYF, VFC, XOM, WY

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

July 31, 2016 The Week Ahead

July 31, 2016 tvcuser Education, Trading Crude Oil, CVS, Earnings, Economic Data, FIT, FOMC, PFE, PG, S&P 500, TSLA, VIX

The S&P 500 closed the week relatively flat, which means it’s still near record highs. Earnings thus far have been taken positively. The FOMC meeting proved to be a non-event, as they continue to use the same rhetoric. We now have a situation where gold, stocks, and bonds are near their yearly highs. It will be interesting to see how long that relationship can keep up.

The VIX continued to decline during the week, closing on Friday at 12, at 11.87.

Crude oil futures prices fell more than 6% on the week. On Thursday, they hit a 3-month low, when the traded at 43.13. Crude futures prices are down 10% over the last two weeks and nearly 19% off their 3-month highs.

Moving on, gold futures prices gained more than 2%, closing above $1350 an ounce. Gold futures prices are creeping back to their yearly highs, and are now more than 20% higher than their 6-month lows.

In addition, T-bond futures prices gained more than 1.5%, as they too are near their yearly highs.

As mentioned earlier, earnings season continues to roll. We’ll be hearing from Tesla (TSLA), Pfizer (PFE), CVS Health Corp (CVS), Fitbit (FIT), and Procter & Gamble (PG) just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
1 August 2016- ISM Manufacturing Index 10:00 AM ET
2 August 2016- Personal Income and Outlays 8:30 AM ET
3 August 2016- EIA Petroleum Status Report 10:30 AM ET
4 August 2016- Jobless Claims 8:30 AM ET
5 August 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
1 August 2016- FDC, MCY, SOHU, FTR, GGP, IDTI, TEX, THC, WMB, VNO
2 August 2016- AET, AVP, CAH, CMI, CVS, EMR, EXPD, H, MNK, MOS, ODP, PBI, PFE, PG, RDC, SABR, SODA, SHPG, STX, TAP, AIG, DATA, EA, DVN, FIT, FUEL, GLUU, JIVE, NFX, TX, ZEN
3 August 2016- AXA, D, DDD, ICE, KATE, OXY, TWX, ZTS, CF, FOXA, GDDY, HLF, HUBS, MET, NLY, TROX, TSLA, TSO, WU
4 August 2016- DUK, K, MGM, NOK, PCLN, SEAS, SSYS, TEVA, TIME, VIAB, ANET, ATVI, CSOD, FLR, FSLR, IMPV, KHC, LGF, LNKD, OLED, TRUE, TRIP, TTWO, ZG, ZNGA
5 August 2016- WY, WLTW, HSBC, CTSH, AES

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