April 5, 2016 Market Wrap Up

April 5, 2016 tvcuser Education, Trading AGN, BIG, Crude Oil, Data, DRWI, Earnings, Economic, Events, NPTN, S&P 500, TSLA, USO, VIX

The market was under a lot of selling pressure for most of the day. It all started last night, as Asian and European markets were both weak. The S&P 500 closed down more than 1%, making it two straight down days in a row.

The VIX shot up after hanging out in the low 13s…it’s now back above 15, as it closed the day 9.2% higher at 15.42.

On the options front, we saw large call buying activity in NeoPhotonics (NPTN). In addition, we saw heavy put buying in Big Lots (BIG), which was 7.3 times usual options volume.

Stocks in play included: Allegran (AGN) -15%, DragonWave (DRWI) +36%, and Tesla Motors (TSLA) +3.8%

In the after-hours, we saw a jump in crude oil prices following the American Petroleum Institute numbers. They reported a drop in crude inventories by 4.3m barrels. The United States Oil Fund (USO) is up more than 2% on that.

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

Key Economic Data:
6 April 2016- EIA Petroleum Report 10:30 AM ET, FOMC Minutes 2:00 PM ET
7 April 2016- Jobless Claims 8:30 AM ET

Key Earnings:
6 April 2016- GPN, MON, STZ, APOG, APOL, BBBY
7 April 2016- CAG, KMX, RAD

Key Events:
6 April 2016- 2016 MRO Americas Conference (runs till 4/7)
7 April 2016- Cowen 2nd Annual Retail & Luxury Day

November 19, 2015 Market Wrap Up

November 19, 2015 tvcuser Education, Trading AGN, education, FOMC, KBIO, MDT, NKE, S&P 500, SPY, SUNE, trading, USO, VIX, VRX

The S&P 500 closed the day relatively flat, after a monster rally yesterday, where the market reacted positively to the FOMC minutes.

Interestingly, the VIX actually is trading around 17 and we are less than 2% off the highs in the SPDR S&P 500 ETF.

Stocks in play today, included Valeant Pharmaceuticals (VRX) +15%, Sunedison (SUNE) -11%, and Kalobios Pharmaceuticals (KBIO) +367%. Also, in the after hours, Nike (NKE) announced a new $12 billion share repurchase program and a raise in dividends. The stock is up more than 3% in the after hours.

The energy sector remains weak; the United States Oil Fund (USO) was flattish today. It’s now just 5% off the 52-week lows.

On the options front, we saw large call buying activity in Allergran (AGN). In addition, we saw bearish bets being placed in Medtronic (MDT).

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

20 November 2015- ANF, FL

November 12, 2015 Market Wrap Up

November 12, 2015 tvcuser Education, Trading AGN, Data, Earnings, Economic, education, FIT, MPLX, S&P 500, SHAK, SUNE, trading, USO, VIX

The S&P 500 saw some heavy selling pressure, closing the day down nearly 1.5%. Keep in mind, we had a very strong October, almost leading us back to the highs.

Will we break the highs, or did the market rally too fast too soon? These are questions traders are asking. In addition, eyes and ears are on Fed officials. We had six speak today on the economy and possible Fed actions.

Many believe there is a 50-50 chance that we will see a rate hike in December. However, it almost appears that opinions change almost every day.

Stocks in play today, included Fitbit (FIT) -7.3%, Sunedison (SUNE) -6.3%, and Allergran (AGN) -3%.

It should come to no surprise that the VIX surged; however, it was a pretty big move, up more than 2 points and closing at 18.37.

The energy sector was weak; the United States Oil Fund (USO) was down nearly .3% today.

On the options front, we saw large call buying activity in MPLX LP (MPLX). In addition, we saw bearish bets being placed in Shake Shack (SHAK).

Here’s what’s on tap tomorrow:

Key Economic Data:
13 November 2015- Retail Sales 8:30 AM ET, PPI 8:30 AM ET

Key Earnings:
12 November 2015- DSX, VIAB, AMAT, CSCO, IGT, KSS