June 16, 2015 Market Wrap Up

The S&P 500 caught a bid today, ahead of tomorrow’s FOMC meeting, in which they’ll shed some light on what they intend to do with interest rates.

The VIX is now below 15, closing the day at 14.81. Of course, any type of surprises out of the FED could cause the VIX to either spike higher or lower.

In respect to energy, The United States Oil Fund was relatively flat, closing at 20.26, which was less than a 1% move.

On the options front, we saw bullish call buying in Post Holdings Inc (POST) and Qlik Technologies Inc (QLIK). In addition, we saw some bearish put buying in Veeco Instruments.

In addition to the FOMC meeting, the market is still waiting to hear about the latest news coming out of the Greek debt situation.

Here’s what’s left on the schedule for tomorrow:

Key Economic Data:
17 JUNE 2015- FOMC Meeting Announcement 2:00 PM ET
18 JUNE 2015- Jobless Claims 8:30 AM ET, Pilly Fed Business Outlook Survey 10:00 AM ET,

Key Earnings:
17 JUNE 2015- FDX, JBL, ORCL, PIR
18 JUNE 2015- KR, RAD, FNSR, RHT, SWHC
19 JUNE 2015- KBH, KMX

Key Conferences:
15 JUNE 2015 (runs till 6/17)- Goldman European Financial Conference
16 JUNE 2015- Stifel Industrials Conference
16 JUNE 2015 (runs till 6/17)- JP Morgan Technology CEO Conference
16 JUNE 2015 (runs till 6/17)- RBC Global Mining & Materials Conference
17 June 2015 (runs till 6/19)- Wells Fargo Healthcare Conference