February 2, 2017 Market Wrap Up

The markets closed the day relatively weak after the FOMC’s interest rate decision. With that said, earnings continue to dominate the news along with politics. After a hot start, the Dow Jones Industrial Averages are now down 4 out of the last 5 sessions.

Some strong earnings performers included: Philip Morris (PM) and Tableau Software (DATA)

Some weak earnings performers included: Fireeye (FEYE), Ralph Lauren (RL), and Amazon.com (AMZN)

The VIX closed higher today, but still below the 12 mark, as it ended the day at 11.93.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +0.26%, iShares 20+ Year Treasury Bond (TLT) -0.04%, SPDR Gold Shares (GLD) +0.56%.

On the options front, we saw large call buying activity in RH (RH), which traded 3.7 times normal option volume. In addition, we saw heavy put buying in Cerus Corp (CERS), which traded 12.6 times normal option volume.

Here is what is left for tomorrow:

Key Economic Data:
3 Feb 2017- Employment Situation 8:30 AM ET

Key Earnings Release Dates:
3 Feb 2017- AN, APO, HSY, WY

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November 1, 2015 The Week Ahead

The S&P 500 finished the week relatively flat, however; it finished the month nearly 7% higher. In fact, the SPDR S&P 500 (SPY) is less 2% off the all-time highs.

With that said, the VIX closed around 15, a signal that there isn’t much fear in the market at the moment.

The United States Oil Fund (USO) was up nearly 4% on the week, and flat for the month. We continue to see a divergence between the energy and equity markets.

On the earnings front we’ll see releases out of the likes of Disney, Facebook, Qualcomm, and Ralph Lauren to name a few.

Key Economic Data:
2 November 2015- ISM Manufacturing Index 10:00 AM ET
4 November 2015- International Trade 8:30 AM ET
5 November 2015- Jobless Claims 8:30 AM ET
6 November 2015- Employment Situation 8:30 AM ET
30 October 2015- Personal Income 8:30 AM ET

Key Earnings:
2 November 2015- CLX, CTB, D, DO, EL, L, KBR, NBL, V, SYY, AIG, CAR
3 November 2015- DISCA, MOS, ZTS, TASR, SALE, EMR, ATVI, CBS, GRPN, X, ZNGA, HLF
4 November 2015- AGN, AVP, KORS, TWX, WEN, CF, FEYE, FB, QCOM, RIG, MRO, HOLX
5 November 2015- AMCX, AZN, CELG, COTY, DUK, GOGO, HFC, KATE, RL, TAP, ANET, CYBR, DATA, DIS, DWA, GLUU, NUS, SWKS, TRIP, WTW
6 November 2015- HUM, HZNP