October 13, 2015 Market Wrap Up
October 13, 2015 Market Wrap Up
The S&P 500 closed the day slightly lower; however, volume was extremely light. The SPDR S&P traded less than 87 million shares compared to the typical 140-150 million shares we’ve been used to seeing. In respect to the Dow Jones Industrials, its 7-day winning streak was snapped.
With that said, the VIX finally showed some life. It was up over 9% and is now at 17.67.
The energy sector was weak; the United States Oil Fund (USO) was down nearly 2%.
On the options front, we saw bullish call buying in Salesforce.com (CRM). Options that saw bearish put buying in KLA Tencor Corporation (KLAC).
This evening we got earnings from Intel (INTC) -.2% and JPMorgan Chase (JPM) -1%.