July 12, 2016 Market Wrap Up

July 12, 2016 tvcuser Education, Trading AAL, AMZN, CBRL, Crude Oil, Earnings, Economic Data, ETSY, N, Russell 2000, S&P 500, SGY, VIX

The S&P 500 is now at record levels, as earnings season is freshly upon us. Not only that, but the Russell 2000 is up around 10% over the last ten days, as we’re seeing investors gain a stronger appetite for risk.

Stocks in play today include: American Airlines Group (AAL) +11.26%, Amazon (AMZN) -.89%, Stone Energy (SGY) +23.45%, and Netsuite (N) +10.7%.

Despite all major indices advancing, the VIX actually didn’t move much…closing the day at 13.55.

Crude oil futures gained more than 4% today closing slightly below $47 per barrel. With that said, crude oil is about 9% off its year to date hights.

On the options front, we saw large call buying activity in Etsy (ETSY), which traded 63.2 times normal volume. We also saw a ton of bearish bets being placed in Cracker Barrel (CBRL), which traded 5.8 times usual volume.

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

Key Economic Data:
13 July 2016- EIA Petroleum Status Report 10:30 AM ET
14 July 2016- Jobless Claims 8:30 AM ET, PPI-FD 8:30 AM ET
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
13 July 2016- CSX, YUM
14 July 2016- BLK, JPM, PGR, AMD
15 July 2016- C, WFC, USB, FBR, PNC

January 20, 2016 Market Wrap Up

January 20, 2016 tvcuser Education, Trading Crude Oil, Data, Earnings, Economic, IBN, NFLX, SGY, SPY, SYNA, TWTR, VIX, XOM

It was another crazy day in the markets. The SPDR S&P 500 ETF (SPY) opened the day at 185.03, hit a high of 188.06, and posted a low of 181.02. When the dust settled, it ended the day down 2.41 points or 1.28%. We’re close to being down 10% on the year.

The VIX continues to stay elevated, it closed above 27, however; it nearly hit 30 at one point during the session.

Crude oil futures prices are at decade lows, with no clear sign of support. We’re currently trading below $29 per barrel. Of course, this has taken a strain on the overall market. With that said, crude oil futures prices have suffered an even greater loss than equities so far this year.

Not only that, but we’ve gotten to the point where a gallon of gasoline is cheaper than a gallon of water and a gallon of milk.

Stocks in play included: Netflix (NFLX) -.45%, Exxon (XOM) -4%, Synaptics (SYNA) +27.3%, Twitter (TWTR) +5%

On the options front, we saw large call buying activity in Icici Bank (IBN). In addition, we saw heavy put buying in Stone Energy (SGY).

Here’s what’s on tap for the rest of the week. Keep in mind, we’ve got an ECB decision tomorrow morning.

Key Economic Data:
21 January 2016- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET
22 January 2016- Existing Home Sales 10:00 AM ET

Key Earnings:
21 January 2016- ALK, CP, LUV, VZ, ISRG, JBHT, MXIM, SBUX
22 January 2016- COL, GE, KSU, LM, SAP, SYF

Conferences:
20 January 2016- World Economic Forum in Davos (runs til 1/23)