Week of November 19th Stock Market Watch

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All three major stock indices post losses this week, led by the Nasdaq which declined by 2.34%. Despite the sell-off, the VIX remains below 20, a sign that traders are not panicking yet. That said, markets are closed on Thursday for Thanksgiving (markets closed) and have a half-day on Friday.

Stocks worth watching this week for earnings include Foot Locker, Gap Stores, Target, and Best Buy.

Also, traders will be paying attention to any news pertaining to trade. President Trump is expected to meet with Chinese officials later this month at the G20. However, anything said between that time has the potential to influence market volatility.

Moving on.

Stocks making moves last week included PCG -38.8%, JWN +22%, NVDA -20%, GOOS +16.7%, and TSRO +39.2%

The VIX closed below 20 for the third straight week, as it finished Friday’s trading at 18.14.

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Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -4.96%, iShares 20+ Year Treasury Bond (TLT) +1.9%, SPDR Gold Shares (GLD) +1.00%

Economic Releases:
20 Nov 2018- Housing Starts 8:30 AM ET

21 Nov 2018- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET, Existing Home Sales 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET

Key Earnings:
19 Nov 2018- A, INTU, JACK, LB, URBN, SPB

20 Nov 2018- ADI, BBY, CPB, KSS, LOW, ROST, TGT, TJX, ADSK, BJ, GL, GPS, RAVN

21 Nov 2018- DE, A

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November 20, 2017 The Week Ahead

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The markets were able to rally after seeing some volatility over the week. It appears that were fears in the junk bond markets as well as doubt on if the new tax plan would pass the house. Those fears have not worn off, and the markets are back to their slow grind up.

We are entering a shortened week due to the Thanksgiving holiday. For the most part, earnings are light and expect trading volumes to drop as well.

The “fear index” closed at 11.43 on Friday; after trading above 14 earlier in the week.

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Source: TradingView

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) -0.01%, iShares Russell 2000 (IWM) +1.99%, SPDR Dow Jones Industrials Average ETF (DIA) -0.22%, and PowerShares QQQ ETF (QQQ) -0.03%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -0.88%, iShares 20+ Year Treasury Bond (TLT) 1.59%, SPDR Gold Shares (GLD) +0.00%

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
21 Nov 2017- Existing Home Sales 10:00 AM ET

22 Nov 2017- Durable Goods Orders 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

24 Nov 2017- PMI Composite Flash 9:450 AM ET

Key Earnings:
20 Nov 2017- A, ENTA, INTU, PANW, URBN

21 Nov 2017- ADI, BURL, CHS, CPB, CTRN, DLTR, DY, EV, LOW, MOV, SIG, CRM, GES, GME, HPE, HPQ

22 Nov 2017- DE, ROVI

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November 23, 2016 Market Wrap Up

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The S&P 500, Dow, and Russell 2000 closed on record highs today. Of course, volume was light ahead of Thanksgiving. The big economic news was the release of the FOMC minutes. At the moment, the market is pricing in a rate hike for the December meeting. In addition, the dollar index saw its highest close in over a decade.

The VIX was relatively unchanged as it closed at 12.43.

Crude oil futures were relatively unchanged, all eyes will be on next week’s OPEC meeting. Overall, crude oil futures are up on the week in hopes that the meeting results in some type of production cut.

On the options front, we saw large call buying activity in ON Semiconductor (ON), which traded 13.8 times normal option volume. In addition, we saw heavy put buying in Waste Connections (WCN), which saw 9.9 times normal options volume.

The markets are closed tomorrow for the Thanksgiving holiday and will be open till 1 PM ET on Friday. With that said, have a happy and safe Thanksgiving!

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

Key Economic Data:
25 Nov 2016- International Trade In Goods 8:30 AM ET

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November 22, 2016 Market Wrap Up

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The S&P 500 closed the day higher, and is now up nearly 1% on the week. With that said, we’re sitting right around 52-week highs. The Dow traded above 19000 for the first time ever, and the Russell 2000 is now up 13-straight days. This is a shortened week for the markets, there will be no trading on Thursday for Thanksgiving, and Friday will be a shortened day as the markets close at 1 PM ET.

Expect volumes to die down. However, the FOMC minutes will be something closely watched tomorrow by traders.

The VIX continues it’s decline and is now trading below 12.50, today it closed at 12.41.

There has been a ton of headline news surrounding crude oil futures, with the OPEC meeting set for later this month. At this point in time, it’s hard to believe any rumors, so we’re in a wait and see mode. Crude Oil futures caught a bid on Monday in hopes of a production cut.

On the options front, we saw large call buying activity in Autoliv (ALV), which traded 23.1 times normal option volume. In addition, we saw heavy put buying in Titan Machinery (TITN), which saw 41.9 times normal options volume.

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

Key Economic Data:
23 Nov 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET, New Home Sales 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, FOMC Minutes 2:00 PM
25 Nov 2016- International Trade In Goods 8:30 AM ET

Key Earnings:
23 Nov 2016- DE

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