March 16, 2017 Market Wrap Up

March 16, 2017 tvcuser Education, Trading AMX, Earnings, Economic Data, GLBS, GLD, SN, TLT, TOPS, USO, VIX

The markets took a day to digest yesterday’s FOMC announcement. Volumes today were not bad, however there wasn’t much going on in terms of action.

One notable sector was in the shippers. For example, Top Ships Inc. (TOPS) was up more than 100% today, closing at $2.20 per share. In addition, Globus Maritime Ltd. (GLBS) closed up significantly higher, finishing the day at 6.74, a gain of 56%.

The VIX closed lower, finishing the trading day at 11.22.

ETF Performers: United States Oil Fund (USO) -0.19%, iShares 20+ Year Treasury Bond (TLT) -0.51%, SPDR Gold Shares (GLD) +0.50%.

On the options front, we saw large call buying activity in Sanchez Energy Corporation (SN), which traded 3.1 times normal option volume. In addition, we saw heavy put buying in America Movil SAB (AMX), which traded 8.2 times normal option volume.

Here is what is on tap for tomorrow:

Key Economic Data:
17 March 2017- Industrial Production 9:15 AM ET

Key Earnings:
17 March 2017- TIF

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November 10, 2016 Market Wrap Up

November 10, 2016 tvcuser Education, Trading AKG, Crude Oil, DRYS, Earnings, S&P 500, SLW, TOPS, UNP, VIX, WUBA

The S&P 500 has been on a tear the last two days after it was announced that Donald Trump will be the new President of the United States of America. With that said, we’re seeing investors shift out of certain sectors into new ones. For example, infrastructure related stocks, oil and gas, medical, and banking are some sectors that have benefited early on. However, the tech space has not been as strong.

The VIX actually rose a little, but is now trading well below 15. It was just a couple days ago where we saw the VIX trade above 20.

Stocks in play today included: 58.com (WUBA) -18%, Silver Wheaton Corp (SLW) -16%, Dryships (DRYS) +126%, and Top Ships (TOPS) +22%

Crude oil futures prices sold off a little, snapping a 3-day winning streak.

On the options front, we saw large call buying activity in Union Pacific (UNP), which traded 2.5 times normal option volume. In addition, we saw heavy put buying in Asanko Gold (AKG), which saw 31.6 times normal options volume.

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

Key Earnings:
11 Nov 2016- JCP

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