January 5, 2017 Market Wrap Up

January 5, 2017 tvcuser Education, Trading CEB, Dow Jones, Economic Data, GLD, HST, KSS, MNK, Nasda, PANW, Russell 2000, TLT, USO, VIX

The markets saw their first down day of the new year. The Dow Jones Industrials and Russell 2000 all finished lower. However, the Nasdaq was able to finish out the day positive. Keep in mind, volumes are still relatively light this week as traders are slowly getting back in the groove.

The VIX continued it’s sell off, as it closed below 12 at 11.67.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +1.04%, iShares 20+ Year Treasury Bond (TLT) +1.57%, SPDR Gold Shares (GLD) +1.55%.

Stocks in play today included: Palo Alto Networks (PANW) +3.10%, Kohls (KSS) -19%, and CEB Inc. (CEB) +20.92%.

On the options front, we saw large call buying activity in Host Hotels and Resorts (HST), which traded 4.9 times normal option volume. In addition, we saw heavy put buying in Mallinckrodt (MNK), which traded 3.6 times normal option volume.

Check out what’s left on the schedule below:

Key Economic Data:
6 Jan 2017- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

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