July 19, 2016 Market Wrap Up | TVC Trading Education Courses

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The S&P 500 closed slightly lower today, but still near record levels. Last night, we got earnings out of Netflix, IBM, and Vmware.

Stocks in play today include: Vmware (VMW) +9%, Line Coporation (LN) -10.14%, Stamps.com (STMP) -4.5%, and Monsanto Company (MON) +.4%

The VIX continues to get destroyed, as it closed below 12 today. Over the last month, the VIX has gone from a high of around 25 to now 11.97.

Crude oil futures dropped 1.5% today, however; down nearly 3% this week ahead of the DOE numbers tomorrow.

On the options front, we saw large call buying activity in Kroger (KR), which traded 2.3 times normal volume. We also saw a ton of bearish bets being placed in Michael Kors Holdings (KORS), which traded 7.7 times usual volume.

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

Key Economic Data:
20 July 2016- EIA Petroleum Status Report 10:30 AM ET
21 July 2016- Jobless Claims 8:30 AM ET, Philly Fed Business Survey 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
20 July 2016- ABT, ASML, HAL, MS, SAP, STJ, WBC, TUP, AXP, EBAY, FFIV, GGG, INTC, MAT, MLNX, NEM, PKG, QCOM, TSCO
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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July 16, 2016 The Week Ahead

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The S&P 500 broke through record high territory this week as the index moved nearly 1.5% higher. The Dow Jones Industrials also saw record highs during the week as earnings season starts revving up.

The VIX continued to decline during the week, closing on Friday at 12.67.

Crude oil futures gained about 1.5% on the week. On the other hand, gold futures prices dropped about 2%. T-bond futures prices dropped about 3% and falling off their yearly highs.

As mentioned earlier, earnings season starts really pick up now. We’ll be hearing from Microsoft, Chipotle Mexican Grill, Goldman Sachs Group, Bank of America, and Netflix just to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
19 July 2016- Housing Starts 8:30 AM ET
20 July 2016- EIA Petroleum Status Report 10:30 AM ET
21 July 2016- Jobless Claims 8:30 AM ET, Philly Fed Business Survey 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
18 July 2016- BAC, CALM, HAS, HAS, JBHT, MTG, SCHW, EMC, IBM, NFLX, YHOO, VMW
19 July 2016- JNJ, GS, KSU, LMT, NVS, RF, UNH, DFS, MSFT, NAVI, UAL, ISRG, BHP
20 July 2016- ABT, ASML, HAL, MS, SAP, STJ, WBC, TUP, AXP, EBAY, FFIV, GGG, INTC, MAT, MLNX, NEM, PKG, QCOM, TSCO
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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July 14, 2016 Market Wrap Up

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The S&P 500 continues to break records as we continue to see “risk on” enter the market. Not only that, but treasuries and gold have been selling off, something we weren’t seeing last week. Despite the record close in the S&P 500 and Dow Jones Industrials, volume was extremely anemic today.

Stocks in play today include: Valeant Pharmaceuticals (VRX) +6.29%, Williams Companies (WMB) +6%, and Cypress Semiconductors (CY) +3.5%

The VIX came in today, and is now trading below 13, at 12.82.

Crude oil futures gained more than 1.5% today, however; it’s been relatively flat this week.

On the options front, we saw large call buying activity in HollyFrontier (HFC), which traded 7.6 times normal volume. We also saw a ton of bearish bets being placed in Eagle Materials (EXP) which traded 2.5 times usual volume.

Here’s what’s on tap for tomorrow:

Key Economic Data:
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
15 July 2016- C, WFC, USB, FBR, PNC

July 12, 2016 Market Wrap Up

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The S&P 500 is now at record levels, as earnings season is freshly upon us. Not only that, but the Russell 2000 is up around 10% over the last ten days, as we’re seeing investors gain a stronger appetite for risk.

Stocks in play today include: American Airlines Group (AAL) +11.26%, Amazon (AMZN) -.89%, Stone Energy (SGY) +23.45%, and Netsuite (N) +10.7%.

Despite all major indices advancing, the VIX actually didn’t move much…closing the day at 13.55.

Crude oil futures gained more than 4% today closing slightly below $47 per barrel. With that said, crude oil is about 9% off its year to date hights.

On the options front, we saw large call buying activity in Etsy (ETSY), which traded 63.2 times normal volume. We also saw a ton of bearish bets being placed in Cracker Barrel (CBRL), which traded 5.8 times usual volume.

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

Key Economic Data:
13 July 2016- EIA Petroleum Status Report 10:30 AM ET
14 July 2016- Jobless Claims 8:30 AM ET, PPI-FD 8:30 AM ET
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
13 July 2016- CSX, YUM
14 July 2016- BLK, JPM, PGR, AMD
15 July 2016- C, WFC, USB, FBR, PNC

July 10, 2016 The Week Ahead

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The S&P 500 is sitting just under all-time highs, at it gained 1.3% for the week. Some attribute Friday’s move to the June employment report, which showed an impressive number of 287,000 jobs. Now, with earnings season being the next catalyst, we’ll know soon enough if all-time highs can be broken.

The VIX got steamrolled on Friday, dropping more than 10.5% and closing at 13.20. Interestingly, bonds are near all-time highs despite lows in VIX. Not only that, but gold futures prices gained nearly 2% on the week. They too, are near yearly highs.

On the other hand, crude oil futures prices declined nearly 6% on the week. With that said, they’re hanging around $45 per barrel. They’re now more than 11% off their yearly highs.

As mentioned earlier, earnings season kicks off with Alcoa on the 11th. One of the first sectors reporting will be banking. With that said, we’ll be hearing from JPMorgan Chase, Citibank, Wells Fargo, and PNC Bank to name a few.

Here is what is on tap for this upcoming week:

Key Economic Data:
13 July 2016- EIA Petroleum Status Report 10:30 AM ET
14 July 2016- Jobless Claims 8:30 AM ET, PPI-FD 8:30 AM ET
15 July 2016- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 ET, Industrial Production 9:15 AM ET

Key Earnings:
11 July 2016- AA, VOXX
12 July 2016- FAST, ADTN, AIR
13 July 2016- CSX, YUM
14 July 2016- BLK, JPM, PGR, AMD
15 July 2016- C, WFC, USB, FBR, PNC

July 7, 2016 Market Wrap Up

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The S&P 500 was relatively flat today on below average volume. However, there were some interesting sectors in play. More specifically, healthcare, retail and foods. With that said, a lot of eyes and ears will be on tomorrow’s jobs report as the shortened trading week comes to a close.

Stocks in play today include: Humana (HUM) -10%, AVG Technologies (AVG) +30.9%, Whitewave Foods Company (WWAV) +18.6%, and First Solar Energy (FSLR) -9.9%

The VIX was down a little bit, closing at 14.76.

Crude oil futures got torched today. The United States Oil Fund (USO) was down more than 4%, closing the day at 10.82.

On the options front, we saw large call buying activity in Nordstrom Inc (JWN), which traded 6.7 times normal volume. We also saw a ton of bearish bets being placed in WellCare Health Plans, which traded 16.8 times usual volume.

Here’s what’s left for tomorrow:

Key Economic Data:
8 July 2016- Employment Situation 8:30 AM ET

July 6, 2016 Market Wrap Up

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The S&P 500 has been on an absolute tear lately, and inching ever closer to the all-time highs. With that said, we’re less than 2% from those levels. Interestingly, Treasury bonds are also near yearly highs, along with gold futures prices.

It almost feels like something has to give? But the million dollar question is in what and when. The market reacted positively after the FOMC Minutes were released this afternoon. Of course, traders are still digesting the aftermath of the Brexit.

Stocks in play today include: Kohl’s (KSS) +2.78%, Carmax (KMX) +5.6%, and Valeant Pharmaceuticals (VRX) +16.9%.

The VIX was down nearly 4%, closing the day below 15, at 14.96.

Crude oil futures bounced nicely ahead of tomorrow’s DOE numbers. The United States Oil Fund (USO) was up over 2% on the day.

On the options front, we saw large call buying activity in Foot Locker (FL), which traded 4.8 times normal volume. We also saw a ton of bearish bets being placed in Chemours Company (CC) which traded 16.2 times usual volume.

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

Key Economic Data:
7 July 2016- Jobless Claims 8:30 AM ET, EIA Petroleum Status Report 11:00 AM ET
8 July 2016- Employment Situation 8:30 AM ET

Key Earnings:
7 July 2016- PEP, CUDA, HELE

July 3, 2016 The Week Ahead

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What a difference a week makes. The S&P 500 has gained more than 5% over the last 4 trading sessions, as it’s inching closer to yearly highs. With that said, the VIX on Friday closed at 14.77, that’s 42% off last Friday’s close of 25.76. Some believe the threat of contagion after Brexit was overestimated as it appears that the EU and UK plan on working closely together to assure some type of order.

Interestingly, Gold, often recognized as a safe haven also saw futures prices rise this week, nearly 2% and closing around 1340… which isn’t too far from the year to date high. Not to mention, US Treasury futures prices also rose more than 2% on the week. They too, are near the yearly highs.

Crude oil futures prices rose more than 3% on the week, at around $49 per barrel.

Outside of the FOMC minutes being released, we’ve got a pretty thin schedule coming up with markets being closed on Monday. With that said, have a happy and safe Independence Day!

Here is what is on tap for this upcoming week:

Key Economic Data:
6 July 2016- International Trade 8:30 AM ET, FOMC Minutes 2:00 PM ET
7 July 2016- Jobless Claims 8:30 AM ET, EIA Petroleum Status Report 11:00 AM ET
8 July 2016- Employment Situation 8:30 AM ET

Key Earnings:
6 July 2016- WBA
7 July 2016- PEP, CUDA, HELE

June 30, 2016 Market Wrap Up

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The S&P 500 has been in pure buy mode over the last three sessions. With that said, the S&P 500 is up nearly 5% over the last three sessions.

Stocks in play today include: The Hershey Company (HSY) +16%, Mondelez International (MDLZ) +5.9%, and Fireeye (FEYE) +3.9%.

The VIX has seen the air out of it’s balloon, now trading well below 16, at at 15.63. Despite the drop in VIX and the surge in the stock market, the iShares Barclays 20+ Yr Treasury Bond (ETF) was up on the day.

Crude oil futures closed futures sold off today, after gaining 7% the previous two days. However, they’re still not that off the yearly highs, closing at $48.33.

On the options front, we saw large call buying activity in Teck Resources (TCK), which traded 3.4 times normal volume. We also saw a ton of bearish bets being placed in Huntington Bancshares Inc (HBAN), which traded 7.0 times usual volume.

Here’s what’s left for tomorrow:

Key Economic Data:
1 July 2016- ISM Mfg Index 10:00 AM ET

June 28, 2016 Market Wrap Up

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The S&P 500 caught its first bounce after the Brexit announcement, as it closed up more than 35 points, a gain of nearly 1.8%. Not only that, but the VIX came under attack as it dropped more than 20% and closing below 19.

Stocks in play today include: comScore, Inc (SCOR) $23.83 (-18.96%), Dow Chemical Company (DOW) $48.50 (-2.04%), PayPal Holdings (PYPL) $35.24 (+3%), and Splunk, Inc. (SPLK) $53.34 (+4.65%).

Despite the anemic volume, the VIX actually grinded up, closing at 14.64.

Crude oil futures closed about %3 higher at $47.85.

On the options front, we saw large call buying activity in Travelport Worldwide Limited (TVPT), which traded 8.1 times normal volume. We also saw a ton of bearish bets being placed in Clovis Oncology Inc (CLVS), which traded 2.2 times usual volume.

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

Key Economic Data:
29 June 2016- Personal Income and Outlays 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
30 June 2016- Jobless Claims 8:30 AM ET
01 July 2016- ISM Mfg Index 10:00 AM ET

Key Earnings:
29 June 2016- GIS, MON, PIR
30 June 2016- CAG, DRI, LNN, STZ, MU, MKC

Key Events:
JPMorgan Media & Telecoms CEO Conference (runs till 6/29)