August 3, 2017 Market Wrap Up

August 3, 2017 tvcuser Education, Trading DIA, Earnings, GLD, GPRO, IWM, PLAY, QQQ, SPY, STMP, sva, teva, TLT, USO, wtw

If the markets had a song it would be: “All we do is win” as the Dow hit 22K today. However, we did see some minor selling pressure in the S&P 500 and Nasdaq.

Earnings highlights included: STMP +35.89%, TEVA -24%, GPRO +15.94%, and WTW +14.05%

The VIX is still hovering around multi-decade lows, closing today at 10.44.

Index ETF movers: SPDR S&P 500 ETF (SPY) -0.19%, iShares Russell 2000 (IWM) -0.5%, SPDR Dow Jones Industrials Average ETF (DIA) +0.08%, and PowerShares QQQ ETF (QQQ) -0.39%

Commodity and futures related ETF movers: United States Oil Fund (USO) -1.18%, iShares 20+ Year Treasury Bond (TLT) +1.03%, SPDR Gold Shares (GLD) +0.16%

On the options front, we saw large call buying activity in Sinovac Biotech Ltd. (SVA), which traded 9.8 times normal option volume. In addition, we saw heavy put buying in Dave and Buster’s Entertainment Inc. (PLAY), which traded 4.4 times normal option volume.

Economic Releases:
4 August 2017- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

Key Earnings:
4 August 2017- AEE, CBOE, NWL, RMAX, TRVG, WCG

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October 28, 2015 Market Wrap Up

October 28, 2015 tvcuser Education, Trading AMGN, Data, Earnings, Economic, education, FLEX, GPRO, HOT, OAS, PYPL, S&P 500, TMUS, trading, USO, VIX, WBA

The S&P 500 closed the day higher as it continues it’s epic surge higher this month. To date, we’re up more than 8% on the month. With that said, the FOMC meeting was as expected. They decided not to touch the key interest rates, but will revisit the idea in December.

Earlier this morning we had earnings results out of Walgreens (WBA) -10.7%, Starwood Hotels (HOT) +6.2%, and T-Mobile (TMUS).

The VIX continues to get clobbered, it was down more than 7%, now trading at 14.33.

The energy sector was strong; the United States Oil Fund (USO) was up nearly 7% today. It will be interesting to see if it rallies along with the market. There has been some dislocation between the energy and equity markets over the last month.

On the options front, we saw bullish call buying in Flextronics (FLEX). We saw bearish option activity in Oasis Petroleum (OAS).

This evening we got earnings results from GoPro (GPRO) -11%, Amgen (AMGN) +1.3%, and Paypal (PYPL) -3%.

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

Key Economic Data:
29 October 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET
30 October 2015- Personal Income 8:30 AM ET

Key Earnings:
29 October 2015- AET, CLF, COP, ESV, JAH, JCI, KERX, MO, NOK, MTH, TEVA, TWC, VALE, ZBH, BIDU, EA, LNKD, MOBL, SBUX, WU, SCTY
30 October 2015- ABBV, CVS, XOM, MYL, CVX, CL, ETN