August 30, 2016 Market Wrap Up

August 30, 2016 tvcuser Education, Trading AGU, ANF, Conferences, Crude Oil, CTRP, Earnings, Economic Data, HSY, NPTN, POT, S&P 500, VIX

The S&P 500 closed lower today, on below average volume. It’s been nearly two months of trading without seeing a +/- 1% move in the market. Eventually, something has to give in what has been a painfully slow summer in terms of volume and volatility.

Stocks in play today included: Potash Corporation (POT) +12%, Agrium (AGU) +7%, The Hershey Company (HSY) -10.8%, and Abercrombie & Fitch (ANF) -20.3%

The VIX closed the day slightly higher, closing above 13, at 13.12.

Crude oil futures bounced back a little from yesterday’s pullback, climbing more than 1% and closing above $47 per barrel.

On the options front, we saw large call buying activity in NeoPhotonics Corporation (NPTN), which traded 4.6 times normal option volume. In addition, we saw heavy put buying in Ctrip (CTRP), which was 2.6 times normal options volume. Keep in mind, they have earnings tomorrow after the close.

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

Key Economic Data:
31 Aug 2016- EIA Petroleum Status Report 10:30 AM
1 Sep 2016- Jobless Claims 8:30 AM ET, ISM Manufacturing Index 10:00 AM ET.
2 Sep 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Key Earnings:
31 Aug 2016- CHS, BLOX, BOBE, BOX, CRM, FIVE, SMTC
1 Sep 2016- CIEN, CPB, JOY, LULU, AMBA, AVGO, PAY, SWHC

Key Conferences:
Jefferies Semiconductor, Hardware, and Communications Conference (runs till 8/31)

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June 30, 2016 Market Wrap Up

June 30, 2016 tvcuser Education, Trading Crude Oil, Data, Economic, FEYE, HBAN, HSY, MDLZ, S&P 500, TCK, VIX

The S&P 500 has been in pure buy mode over the last three sessions. With that said, the S&P 500 is up nearly 5% over the last three sessions.

Stocks in play today include: The Hershey Company (HSY) +16%, Mondelez International (MDLZ) +5.9%, and Fireeye (FEYE) +3.9%.

The VIX has seen the air out of it’s balloon, now trading well below 16, at at 15.63. Despite the drop in VIX and the surge in the stock market, the iShares Barclays 20+ Yr Treasury Bond (ETF) was up on the day.

Crude oil futures closed futures sold off today, after gaining 7% the previous two days. However, they’re still not that off the yearly highs, closing at $48.33.

On the options front, we saw large call buying activity in Teck Resources (TCK), which traded 3.4 times normal volume. We also saw a ton of bearish bets being placed in Huntington Bancshares Inc (HBAN), which traded 7.0 times usual volume.

Here’s what’s left for tomorrow:

Key Economic Data:
1 July 2016- ISM Mfg Index 10:00 AM ET

June 9, 2016 Market Wrap Up

June 9, 2016 tvcuser Education, Trading Data, Earnings, Economic, Events, HRB, HSY, S&P 500, TSLA, VIX

The S&P 500 closed slightly lower on below average trading volume. It appears the market is on vacation this week as we await heavy economic data next week. Most importantly, the FOMC meeting that is scheduled for June 15.

Stocks in play today include: The Hershey Company (HSY) +3.5%, H&R Block Financial (HRB) +8.8%, and Tesla Motors (TSLA) -3.83%.

Despite the anemic volume, the VIX actually grinded up, closing at 14.64.

Crude oil futures closed above $50 per barrel for the 3rd straight trading day. We’ve made 23 new highs over the last 6-months to just give you an idea of the run we’ve had.

On the options front, we saw large call buying activity in the Hershey Company (HSY), which traded 36.7 times normal volume. We also saw a ton of bearish bets being placed in Urban Outfitters Inc, which traded 2.7 times usual volume.

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

Key Economic Data:
9 June 2016- Jobless Claims 8:30 AM ET

Key Earnings:
9 June 2016- SJM, MFRM, HRB

Key Events:
Bank America Global Telecom & Media Conference (runs till 6/9)
Goldman Healthcare Conference (runs till 6/9)
Jefferies Healthcare Conference (runs till 6/10)
Credit Suisse Global Energy Conference (runs till 6/9)
Deutsche Bank 7th Annual Global Industrials & Basic Materials Conference (runs till 6/9)

December 14, 2015 Market Wrap Up

December 14, 2015 tvcuser Education, Trading Data, Earnings, Economic, education, HSY, HYG, S&P 500, SPY, USO, VIX

The S&P 500 closed higher, but it had a fair share of volatility before it decided its path. The SPDR 500 ETF (SPY) had wide range, trading between 199.95 to 203.05. There were reports that a “fat finger” caused the sudden market volatility.

Oil continues to dominate headlines, not to mention natural gas, which hit 13 year lows today. However, the United States Oil ETF (USO) did catch a small bounce today.

The VIX sold off a little after Friday’s massive spike. The VIX closed at 22.73.

On the options front, we saw large call buying activity in the Hershey Company (HSY). We also saw massive put buyers in the iShares iBoxx High Yield ETF (HYG).

Here’s what is happening the rest of the week:

Key Economic Data:
15 December 2015- Consumer Price Index 8:30 AM ET
16 December 2015- Housing Starts 8:30 AM ET, Industrial Production 9:15 AM ET, FOMC Meeting Announcement 2:00 PM ET, FOMC Forecasts 2:00 PM ET, Fed Chair Press Conference 2:30 PM ET
17 December 2015- Jobless Claims 8:30 AM ET, Philly Fed Business Outlook Survey 8:30 AM ET

Key Earnings:
16 December 2015- FDX, JOY, JBL, PIR, ORCL
17 December 2015- ACN, RAD, GIS, SAFM, RHT
18 December 2015- BBRY, DRI, KMX, LEN