September 21, 2016 Market Wrap Up

September 21, 2016 tvcuser Education, Trading ADBE, Conferences, CONN, Crude Oil, DPS, Earnings, PENN, S&P 500, SFLY, VIX

The S&P 500 raged higher today after the FOMC decided to leave rates unchanged. The S&P 500 closed the day more than 1% higher and the NASDAQ closed at all time highs. In addition, we also saw prices in treasuries and gold trade higher as well.

Stocks in play today included: Adobe (ADBE) +7%, Conns (CONN) +15.43%, and Shutterfly (SFLY) -11.9%

The destruction of the VIX was back in session as it dropped more than 12%,closing at 13.30.

Crude oil futures prices soared today, closing the day nearly 3% higher and finishing around $44 per barrel.

On the options front, we saw large call buying activity in Penn National Gaming (PENN), which traded 4.8 times normal option volume. In addition, we saw heavy put buying in Dr. Pepper Snapple (DPS), which was 3.9 times normal options volume.

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

Key Earnings:
22 Sep 2016- AZO, RAD, SCHL
23 Sep 2016- FINL

Key Conferences:
Goldman Sachs Communacopia Conference (runs till 9/22)

Be sure to check out our Active Trading Masters Program | Online Courses

March 29, 2016 Market Wrap Up

March 29, 2016 tvcuser Education, Trading ACAT, CONN, Crude Oil, Data, Earnings, Economic, HIMX, IWM, PBYI, QQQ, SPY, TIVO, VIX

The market was on an absolute tear following comments out of Fed Chair Yellen this afternoon. More or less, she gave off the impression that there will be no upcoming rate hike at the April meeting. Of course, this was the signal for lift off. The SPY finished the day 1% higher, IWM closed nearly 3% higher, and the QQQ closed 1.5% higher.

The appetite for risk is back on, as witnessed in the VIX. The VIX closed down nearly 10%, below 14 at 13.82.

One sector which did not participate in the rally was Crude Oil. It was down more than 2%. This now makes for five straight losing days.

On the options front, we saw large call buying activity in TiVo (TIVO). In addition, we saw heavy put buying in Arctic Cat (ACAT), which was 14.2 times usual options volume.

Stocks in play included: Himax Technologies (HIMX) +16.3%, Conns (CONN) -24.6%, and Puma Biotechnology (PBYI) -20.8%

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

Key Economic Data:
30 March 2016- EIA Petroleum Report 10:30 AM ET
31 March 2016- Jobless Claims 8:30 AM ET
1 April 2016- Employment Situation 8:30 AM ET, ISM Manufacturing Index 10:00 AM ET

Key Earnings:
30 March 2016- MU, PAYX
31 March 2016- SONS
1 April 2016- BBRY

March 9, 2016 Market Wrap Up

March 9, 2016 tvcuser Education, Trading ATSG, BTU, COG, Conferences, CONN, Data, Earnings, Economic, SPY, UIS, USO, VIX

The equity markets bounced back from yesterday’s sell-off. However, it was a rather uneventful trading day to say the least. The SPDR S&P 500 had less than a point and a half range compared to the 2.6 ATR we’ve recently been used too.

Oil was able to regain all of yesterday’s losses. The United States Oil Fund (USO) closed the day more than 5% higher, at 10.15.

The VIX is hanging out above 18, it closed the day slightly lower at 18.34.

On the options front, we saw large call buying activity in CONN’s Inc. (CONN). In addition, we saw heavy put buying in Cabot Oil and Gas Corp (COG), which was 8.8 times usual options volume.

Stocks in play included: Unisys Corporation (UIS) -27.7%, Air Transport Services (ATSG) +18%, and Peabody (BTU) +28%

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

Key Economic Data:
10 March 2016- Jobless Claims 8:30 AM ET

Key Earnings:
10 March 2016- BONT, CSIQ, BOOM, FNSR, PAY, ULTA

Key Conferences:
JPMorgan Aviation, Transportation, & Industrials Conference