August 4, 2016 Market Wrap Up

August 4, 2016 tvcuser Education, Trading CF, Crude Oil, Earnings, Economic Data, FEYE, HMNY, MET, OGS, PCLN, PDCE, S&P 500, SAEX, SPY, VIX

The S&P 500 traded slightly higher today and very weak volume. The SPDR S&P 500 traded about 45 million shares, whereas on average it trades around 80-85 million.

Stocks in play today include: Saexploration (SAEX) +356%, Helios and Matheson Analytics (HMNY) +35.7%, Metlife (MET) -8.7%, and CF Industries (CF) -12.35%

The VIX closed lower, now trading below 12.5 at 12.42, dropping 3.4% on the day.

Crude oil futures surged today, climbing over 2% and closing near $42 per barrel.

On the options front, we saw large call buying activity in One Gas (OGS) at 43.6 times normal option volume. In addition, we saw heavy put buying in PDC Energy (PDCE) at 16.4 times normal options volume.

This evening we got earnings out of Priceline (PCLN) +4% and Fireeye (FEYE) -17%.

Here’s what’s on tap for tomorrow:

Key Economic Data:
5 August 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
5 Aug 2016- WY, WLTW, HSBC, CTSH, AES

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