September 22, 2016 Market Wrap Up

September 22, 2016 tvcuser Education, Trading Crude Oil, Earnings, FII, LL, S&P 500, SEAS, STI, VIPS, VIX

The S&P 500 continued its ascent higher, as it closed up $0.65%. The NASDAQ closed at all time highs for the second straight session. With that said, volume was below average on both indices.

Stocks in play today included: Lumber Liquidators (LL) +6.8%, Seaworld Entertainment (SEAS) +7.8%, and Vipshop Holdings (VIPS) +9.7%.

The destruction of the VIX continued again for another session, dropping nearly 10% and closing a shade above 12.

Crude oil futures prices soared again today, making it four straight positive days. Over that period, crude futures prices have been up 5.6%

On the options front, we saw large call buying activity in SunTrust Banks (STI), which traded 5.9 times normal option volume. In addition, we saw heavy put buying in Federated Investors (FII), which was 30.3 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Earnings:
23 Sep 2016- FINL

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March 22, 2016 Market Wrap Up

March 22, 2016 tvcuser Education, Trading ARRS, Conferences, Crude Oil, CYH, Data, DF, Earnings, Economic, LL, VIX

The market was relatively unfazed today, despite seeing the futures trade lower in the pre-market. News came out early in the morning that several people were killed (and many injured) following a terrorist attack in Belgium.

The ability to shrug of any or all bad news has been going on for over a month now. Not only that, but the VIX is sitting comfortably below 14.25.

Crude oil closed lower, however; it traded in a relatively tight trading range. Crude oil is trading above $41 per barrel, near its year-to-date highs.

On the options front, we saw large call buying activity in Arris International (ARRS). In addition, we saw heavy put buying in Myriad Genetics, which was 17.7 times usual options volume.

Stocks in play included: Lumber Liquidators (LL) +15.6%, Community Health Systems (CYH) +6.6%, and Dean Foods Company (DF) -9.7%

We’ve got two more trading days left this week, here’s what’s going on:

Key Economic Data:
23 March 2016- New Home Sales 10:00 AM ET, EIA Petroleum Report 10:30 AM ET
24 March 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
25 March 2016- GDP 8:30 AM ET

Key Earnings:
23 March 2016- FRAN, GIS, KBH, PVH, RH
24 March 2016- TFM, GME, ACN, FINL, SIG

Key Conferences:
21 March 2016- Howard Weil Energy Conference (runs till 3/23)
22 March 2016- Telsey Advisory Conference (runs till 3/23)