June 25, 2018 The Week Ahead

June 25, 2018 tvcuser Education, Trading China, DIA, FMI, GLD, HRTX, Italy, IWM, QQQ, SFIX, SPY, SRPT, TLT, Turkish elections, USO, VIX

U.S. stocks traded lower over the week as trade talks between China has escalated. The U.S. has implemented an additional $200B in tariffs on China. That said, China countered with their own tariffs. Going into next week traders will be watching international news, specifically the Turkish elections and politics out of Italy.

Stocks in play included: HRTX +38%; SRPT +37%; FMI +34%; and SFIX +16.6%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -1.04%, SPDR S&P 500 ETF (SPY) -0.87%, SPDR Dow Jones Industrial Average ETF (DIA) -2.01%, iShares Russell 2000 ETF (IWM) +0.01%

The VIX closed the week higher, finishing it at 13.8

graph

Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +7.39%, iShares 20+ Year Treasury Bond (TLT) +0.17%, SPDR Gold Shares (GLD) -0.82%

Economic Releases:
25 June 2018- New Home Sales 10:00 AM ET

27 June 2018- Durable Goods Orders 8:30 AM ET; International Trade in Goods 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

28 June 2018- Jobless Claims 8:30 AM ET; GDP 8:30 AM ET

29 June 2018- Personal Income and Outlays 8:30 AM ET

Key Earnings:
25 June 2018- CCL

26 June 2018- FDES, LEN, SONC

27 June 2018- GIS, PAYX, UNF, BBBY, PIR, RAD, WOR, FC

28 June 2018- APOG, CAG, GMS, LNN, MKC, WBA, NKE, KBH

29 June 2018- STZ

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May 25, 2016 Market Wrap Up

May 25, 2016 tvcuser Education, Trading BABA, BREW, Data, Earnings, Economic, Events, EXPR, S&P 500, SRPT, USO, VIX, WLL

The S&P 500 continued its climb back to all-time highs; we’re now a little less than 2% off that. Not to mention, 15% higher than our 6-month lows. One could argue that this is all being done on anemic volume, however; fighting the tape can be very costly during times like this.

Stocks in play today: Alibaba Group (BABA) -7.3%, Express (EXPR) -8.4%, Whiting Petroleum (WLL) +14.5%, and Sarepta Therapeutics (SRPT) +26%

It was no surprise to see the VIX sell off as hard as it did. Overall, the VIX closed below 14, finishing the day 3.6% lower.

The United States Oil Fund (USO) was up nearly 2% today. In addition, crude oil futures closed at this year’s highs. We’re now nearly 50% off the 3-month lows.

On the options front, we saw large call buying activity in Craft Brew (BREW), which was 69.2 times normal volume. We also saw a ton of bearish bets being placed in Alibaba Group (BABA). Overall, the option action in Alibaba was 5.9 times above the average.

Here’s what’s left for the rest of the week:

Key Economic Data:
26 May 2016- Jobless Claims 8:30 AM ET, Durable Goods Orders 8:30 AM ET
27 May 2016- GDP 8:30 AM ET

Key Earnings:
26 May 2016- ANF, DG, FRED, GME, PANW, SPLK, ULTA, VEEV, VNET

Key Events:
Morgan Stanley China Conference (runs till 5/26)
UBS Global Oil & Gas Conference (runs till 5/26)

April 26, 2016 Market Wrap Up

April 26, 2016 tvcuser Education, Trading AAPL, ANFI, CMG, Crude Oil, Data, Earnings, Economic, EXAM, HBAN, S&P 500, SRPT, TWTR, VIX

The market was relatively flat today, ahead of a heavy earnings and data week. The S&P 500 closed the day at 2091.70.

This evening we got results out of Twitter (TWTR) -9.3%, Apple (AAPL) -8.5%, and Chipotle Mexican Grill (CMG) -2.3%.

Overall, this should have a negative effect on the market. However, we’ve got the FOMC announcement which has the potential to shift the markets in either direction.

The VIX caught a bid, closing the day at 13.96.

Crude Oil has had a nice bounce today, climbing in the after hours after seeing a draw in the API data. We’re now trading above $44 a barrel.

On the options front, we saw large call buying activity in Huntington Bancshares Inc (HBAN). In addition, we saw heavy put buying in ExamWorks Group (EXAM), which saw 7.4 times usual options volume.

Stocks in play included: Sarepta (SRPT) -31%, Amira Nature Foods (ANFI) -16.6%, and Valeant Pharmaceuticals +2.2%.

Here’s what’s left for the rest of the week:

Key Economic Data:
27 April 2016- International Trade in Goods 8:30 AM ET, EIA Petroleum Status Report 10 :30 AM ET, FOMC Meeting Announcement 2:00 PM ET

28 April 2016- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET

29 April 2016- Personal Income and Outlays 8:30 AM ET

Key Earnings:
27 April 2016- ANTM, BA, BEN, BHI, CMCSA, DPS, GSK, GRMN, HES, HLT, IP, LLL, MDLZ, NDAQ, NOC, SC, SO, UTX, AVB, FB, FSLR, HOLX, INFN, MAR, WLL, XLNX

28 April 2016- ABBV, ADP, AET, APD, BMY, CAB, CAH, CELG, CL, CLF, CME, COMM, COP, DB, DOW, DPZ, F, MA, MJN, MO, MPC, NOV, TMO, PTEN, RTN, TWC, UPS, VALE, VIAB, AMGN, AMZN, CATM, EXPE, FLEX, JNPR, LNKD, OUTR, P, QLIK, STRZA, SWKS, WDC

29 April 2016- CBOE, PSX, SHPG, XOM, TYC

August 3, 2015 Market Wrap Up

August 3, 2015 tvcuser Education, Trading Apple, China, Data, Earnings, Economic, education, SRPT, trading, URBN, VIX

August 3, 2015 Market Wrap Up

The S&P 500 closed negatively today, causing the index to drop below its 50 and 100 day moving averages. As mentioned yesterday, traders have been focused on China’s market and economic data.

With that said, we saw weaker manufacturing data from them, which caused commodity prices to tumble.

Crude oil futures are now at 3 month lows after dropping nearly 3%. In addition, gold futures are near 12-month lows.

Despite the negative tone, the VIX was only up around 4%, closing at 12.56. Interestingly, Apple saw a pretty sharp sell off, down over 2% and trading below its 200-day moving average for the first time since 2013.