November 3, 2016 Market Wrap Up

November 3, 2016 tvcuser Education, Trading Crude Oil, DYN, Earnings, Economic Data, IBB, LCI, S&P 500, THC, VIX, WPX

The S&P 500 closed the day lower, making it 8 straight losing sessions in a row. Many believe that the uncertainty in the upcoming US Presentational election has been the catalyst for the sell-off. With that said, based on the markets reaction, they are pro-Hillary. Unfortunately, she has been dropping in the polls because of all the alleged criminal activities she has been involved in.

The VIX absolutely surged today, closing 11.4% higher, at 22.08.

Stocks in play today included: Lannett Co. (LCI) -22%, WPX Energy (WPX) +11.9%, Ishares Nasdaq Biotech ETF (IBB) -3%

Crude oil futures prices have sold off about 9% this week, and are on a four-day losing streak.

On the options front, we saw large call buying activity in Dynegy (DYN), which traded 4.6 times normal option volume. In addition, we saw heavy put buying in Tenet Healthcare Corp. (THC), which saw 166 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Economic Data:
4 Nov 2016- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

Key Earnings:
4 Nov 2016- DUK, HUM, MSG, NRG, REGN, REV, RLGY, WLTW

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October 13, 2016 Market Wrap Up

October 13, 2016 tvcuser Education, Trading AOS, COG, Crude Oil, Earnings, Economic Data, IAG, S&P 500, THC, ULTA, VIX

The S&P 500 continues to see it’s fair share of intraday volatility. Today we traded in nearly a 25 point range, settling .3% lower. Overall, the S&P 500 is down about 1% on the week. With that said, tomorrow should be an interesting day as many of the larger banks report earnings.

Stocks in play today included: Ulta Salon Cosmetics (ULTA) +11%, Tenet Healthcare (THC) +8.8%, and Cabot Oil & Gas (COG) -4.6%

The VIX continues to surge this week, despite the move lower in the market it actually dropped 2.5%, closing at 16.69.

Crude oil futures prices are up more than 1% on the week and trading above $50 per barrel.

On the options front, we saw large call buying activity in Iamgold Corporation (IAG), which traded 25.7 times normal option volume. In addition, we saw heavy put buying in AO Smith Corp (AOS), which saw 3.2 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Economic Data:
14 Oct 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
14 Oct 2016- C, JPM, PNC, WFC

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September 9, 2015 Market Wrap Up

September 9, 2015 tvcuser Education, Trading ADSK, Data, Earnings, Economic, education, S&P 500, THC, trading, USO, VIX

September 9, 2015 Market Wrap Up

The S&P 500 was not able to follow through after yesterday’s move higher. Now, for a large part of the day it looked like it was going to be smooth sailing; however, when it was all said and done we witnessed a 40 point swing with the market closing nearly 1.5% lower.

For some time, our focus has been on the Asian markets. They’ve had a huge influence on how we’ve traded here. In addition, the FED meeting is coming up in about a week or two. With that said, that’s what traders are waiting and watching.

The VIX closed at 26.23, up nearly five points from the day low.

The energy sector saw some heavy selling pressure, as the United States Oil Fund (USO) closed 3.4% higher.

On the options front, we saw bullish call buying in Autodesk Inc. (ADSK). Options that saw bearish put buying were in Tenet Healthcare (THC).

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

Key Economic Data:
10 September 2015- Jobless Claims 8:30 AM ET
11 September 2015- PPI 8:30 AM ET

Key Earnings:
10 September 2015- LULU, FNSR, RH, ZMZ
11 September 2015- KR, MFRM

Key Events:
8 September 2015 (runs til 9/10)- Barclay’s CEO Energy Power Conference
8 September 2015 (runs til 9/10)- Barclay’s Global Consumer Staples Conference
8 September 2015 (runs til 9/10)- Citigroup Global Tech Conference
8 September 2015 (runs til 9/10)- JPMorgan Small/Mid Cap Conference
8 September 2015 (runs til 9/10)- Morgan Stanley Healthcare Conference
9 September 2015 (runs til 9/10)- Bank of America 2015 Gaming and Lodging Conference
9 September 2015 (runs til 9/10)- Bank of America 2015 Media Communications & Equipment Conference
9 September 2015 (runs til 9/10)- Cowen Global Transport Conference
9 September 2015 (runs til 9/10)- Goldman Sachs Global Retail Conference
9 September 2015 (runs til 9/10)- Wells Fargo Healthcare Conference
9 September 2015 (runs til 9/11)- Morgan Stanley Industrial CEO Unplugged Conference
10 September 2015 (runs til 9/11)- Bank of America Annual Canada Mining Conference