October 5, 2016 Market Wrap Up

October 5, 2016 tvcuser Education, Trading BAH, CRM, Earnings, Economic Data, EPE, KBR, REN, S&P 500, TWTR, VIX

The S&P 500 bounced back after a two-day sell off. However, it’s worth noting that volumes were well below average. With that said, the S&P 500 is less than 2% shy of all-time highs. In respect to the Nasdaq, it’s even closer to all-time highs.

Stocks in play today included: Twitter (TWTR) +5.6%, Salesforce.com (CRM) -5.8%, Resolute Energy (REN) +20%, and KBR (KBR) +12.4%

The VIX closed below 13, dropping 3.4% on the day.

Oil prices are off to another hot start, up 3% on the week and closing in on 3-month highs. One can attribute the gains to bullish readings out of the API and DOE inventory reports.

On the options front, we saw large call buying activity in EP Energy (EPE), which traded 16.8 times normal option volume. In addition, we saw heavy put buying in Booz Allen Hamilton (BAH), which saw 20.3 times normal options volume.

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

Key Economic Data:
6 Oct 2016- Jobless Claims 8:30 AM ET
7 Oct 2016- Employment Situation 8:30 AM ET

Key Earnings:
6 Oct 2016- HELE, RT

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March 8, 2016 Market Wrap Up

March 8, 2016 tvcuser Education, Trading Conferences, Data, Earnings, Economic, EPE, GPRE, S&P 500, SDRL, UNM, URBN, USO, VIX

The equity markets declined for the first time in six trading days. With that said, we got some volatility back, with the S&P 500 dropping more than 1% and the VIX closing 7% higher at 18.67.

Oil has been on a tear of late, however; we did see some selling pressure today. The United States Oil Fund (USO) closed the day down more than 4%, at $9.64.

On the options front, we saw large call buying activity in Green Plains (GPRE). In addition, we saw heavy put buying in Unum Group (UNM), which was 4.1 times usual options volume.

Stocks in play included: Ep Energy (EPE) -17%, Seadrill (SDRL) -21%, and Urban Outfitters (URBN) +16%

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

Key Economic Data:
9 March 2016- EIA Petroleum Status Report 10:30 AM ET
10 March 2016- Jobless Claims 8:30 AM ET

Key Earnings:
9 March 2016- COKE, SQ, VVUS, FRPT, ONCE, VRA
10 March 2016- BONT, CSIQ, BOOM, FNSR, PAY, ULTA

Key Conferences:
Raymond James Institutional Investors Conference (runs till 3/9)
Cowen & Co 36th Annual Healthcare Conference (runs till 3/9)
Deutsche Bank Media, Internet and Telecom Conference (runs till 3/9)
Piper Jaffray Technology, Media & Telecom Conference (runs till 3/9)
RBC Financial Institutions Conference (runs till 3/9)
JPMorgan Aviation, Transportation, & Industrials Conference (runs till 3/10)