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

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November 24, 2015 Market Wrap Up

November 24, 2015 tvcuser Education, Trading A, ACAS, AEZS, AVXL, Data, Earnings, Economic, education, OPXA, S&P 500, SIEN, trading, USO, VIX, VTL

The S&P 500 closed the day relatively flat, however; that doesn’t mean we didn’t have a fair share of volatility. Before the U.S. session was open, the futures were down a decent amount, following reports that a Russian fighter jet was shot down by Turkish forces. But as the day progressed, the geopolitical fears subsided and the market got back on track.

Despite a flattish close, the VIX rose slightly, closing at 15.93.

Low float stocks have been the soup de jour this week. With volume drying up due to the holiday, traders have been feasting on stocks like Aeterna Zentaris (AEZS) -10%, Opeca Therapeutics (OPXA) +12%, Vital Therapies (VTL) +5%, Anavex Life Sciences (AVXL) -6.5%, and Sientra (SIEN) +14% … just to name a few.

The energy sector caught a bounce; the United States Oil Fund (USO) as geopolitical concerns dominated the world news.

On the options front, we saw large call buying activity in Agilent Technologies (A). In addition, we saw bearish bets being placed in American Capital (ACAS).

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

Key Economic Data:
25 November 2015- Durable Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, Personal Income 8:30 AM ET, New Home Sales 10:00 AM ET

Key Earnings:
25 November 2015- DE
27 November 2015- BLOX