December 8, 2016 Market Wrap Up

December 8, 2016 tvcuser Education, Trading COOL, Earnings, ESRX, GLD, IWM, LVS, NTRS, Russell 2000, S&P 500, TLT, TSCO, USO, VIX, WYNN

The S&P 500 continued to move higher today, as the Santa Claus rally continues to be on schedule. The darling of the market continues to be the Russell 2000, it gained more than 1.5% today. The Russell 2000 Index ETF (IWM) is nearly up 15% on the month.

Despite the market moving higher, we saw some hedgers come in, the VIX was up more than 3.4% and closed at 12.64.

Stocks in play today included: Wynn Resorts (WYNN) -10.8%, Las Vegas Sands (LVS) -12.72%, Majesco Entertainment (COOL) +65%, Express Scripts Holdings (ESRX) -6.8%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +1.89%, iShares 20+ Year Treasury Bond (TLT) -1.25%, SPDR Gold Shares (GLD) -0.19%.

On the options front, we saw large call buying activity in Tractor Supply Company (TSCO), which traded 5.9 times normal option volume. In addition, we saw heavy put buying in Northern Trust Corporation (NTRS), which saw 6.6 times normal options volume.

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

Key Earnings:
9 Dec 2016- MTN

Be sure to check out our Active Trading Masters Program | Online Courses

September 1, 2016 Market Wrap Up

September 1, 2016 tvcuser Education, Trading Crude Oil, Economic Data, GCO, LVS, S&P 500, STRZA, TDC, TSLA, VIX, WYNN

The S&P 500 closed relatively unchanged on above average volume. All eyes will be on the employment situation numbers tomorrow. The consensus for nonfarm payrolls is 175,000 and unemployment rate of 4.8%. With that said, based on the straddle price for the SPY, the market is implying a .7% move (or $1.48).

Stocks in play today included: Genesco (GCO) -32.8%, Wynn Resorts (WYNN) +4.3%, Tesla Motors (TSLA) -5.3%, and Las Vegas Sands (LVS) +7.2%.

The VIX closed the day slightly higher at 13.48.

Crude oil futures prices have been on a four-day slide. Over that stretch, they’ve been down nearly 9%. Of course, all eyes and ears will be on the OPEC when they meet at an energy conference later in the month.

On the options front, we saw large call buying activity in Teradata Corporation (TDC), which traded 2.9 times normal option volume. In addition, we saw heavy put buying in Starz (STRZA), which was 55.1 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Economic Data:
2 Sep 2016- Employment Situation 8:30 AM ET, International Trade 8:30 AM ET

Be sure to check out our Active Trading Masters Program | Online Courses