January 12, 2016 Market Wrap Up

January 12, 2016 tvcuser Education, Trading Conferences, Crude Oil, Data, Earnings, Economic, education, FCX, JAZZ, S&P 500, SUNE, TNDM, VIX, WMB

It was another tremendous day of volatility in the markets. The S&P 500 traded between 1914 and 1947, ultimately closing the day .8% higher. Believe it or not, this marks the second straight up day on the week. But as mentioned earlier, the markets have been all over the place, swinging from positive to negative territory at rapid speeds.

The VIX sold off nearly 8%, closing above 22, at 22.47.

Crude oil futures prices went below $30 per barrel during the trading session. However, they were able to close above that level. It seems like for the last two years, traders have been trying to pick a bottom in crude oil with not a whole lot of success.

With that said, several oil and commodity related names were in play today: Freeport-Mcmoran (FCX) -5.4%, Sunedison (SUNE) -9.6%, Williams Companies (WMB) -12%

On the options front, we saw large call buying activity in Jazz Pharmaceuticals (JAZZ). We also saw aggressive put buying in Tandem Diabetes Care Inc (TNDM).

Here’s what’s up for the rest of the week:

Key Economic Data:
14 January 2016- Jobless Claims 8:30 AM ET
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
13 January 2016- SVU
14 January 2016- JPM, INTC
15 January 2016- BLK, C, FAST, RF, USB, WFC

Conferences:
11 January 2016- JPMorgan Healthcare Conference (runs till 1/15), UBS Greater China Conference (runs till 1/15)
12 January 2016- Deutsche Bank Global Auto Industry Conf (runs till 1/13), Needham Growth Conference (runs till 1/14)

December 23, 2015 Market Wrap Up

December 23, 2015 tvcuser Education, Trading Data, Economic, FCX, IRBT, JRJC, NKE, S&P 500, USO, VIX

If there was any doubt about having a Santa Claus Rally, it was erased today. The S&P 500 is up nearly 3% over the last three trading sessions. With that said, we are no longer negative on the year.

Tomorrow the markets will be open till 1pm ET. It should be a slow day, but you never know what headline might come out and cause an individual stock or ETF to really start moving. But don’t hold your breath.

The VIX continues to see a big sell off, it’s now trading below 16.

Oil names caught a bounce, the United States Oil Fund (USO) was up nearly 5% today.

Stocks in play today included: Nike (NKE) -2.5% and Freeport-McMoran (FCX) +16%.

On the options front, we saw large call buying activity in China Finance Online Co. (JRJC). We also saw aggressive put buying in Irobot (IRBT).

Here’s what is going on for the rest of the week:

Key Economic Data:
24 December 2015- Jobless Claims 8:30 AM ET

August 27, 2015 Market Wrap Up

August 27, 2015 tvcuser Education, Trading China, Data, Earnings, Economic, FCX, S&P 500, trading, USO, VIX, WFC, WLL

August 27, 2015 Market Wrap Up

The S&P 500 showed some nice bounce today after yesterday’s big spike higher. The market jumped after solid GDP numbers; and it’s now up more than 6%, about 150 points away from the yearly highs.

Of course, all eyes will be on China to see how their markets open.

The VIX closed at 26.10, down 13.9%. That’s well off our recent high of 42 and change.

The energy sector saw a huge bounce today. The United States Oil Fund (USO) was up nearly 10%. Is this a dead cat bounce or is the near term bottom in? Only time will tell.

On the options front, we saw bullish call buying in Whiting Petroleum (WLL). We also saw bearish option activity in Wells Fargo Bank (WFC).

In after hours action, activist investor, Carl Icahn disclosed a stake in Freeport-McMoRan Inc (FCX). The stock is up over 50% in extended hours trading.

Here’s what else is going on:

Key Economic Data:
28 August 2015- Personal Income 8:30 AM ET

Key Earnings:
28 August 2015- BIG