August 3, 2017 Market Wrap Up

August 3, 2017 tvcuser Education, Trading DIA, Earnings, GLD, GPRO, IWM, PLAY, QQQ, SPY, STMP, sva, teva, TLT, USO, wtw

If the markets had a song it would be: “All we do is win” as the Dow hit 22K today. However, we did see some minor selling pressure in the S&P 500 and Nasdaq.

Earnings highlights included: STMP +35.89%, TEVA -24%, GPRO +15.94%, and WTW +14.05%

The VIX is still hovering around multi-decade lows, closing today at 10.44.

Index ETF movers: SPDR S&P 500 ETF (SPY) -0.19%, iShares Russell 2000 (IWM) -0.5%, SPDR Dow Jones Industrials Average ETF (DIA) +0.08%, and PowerShares QQQ ETF (QQQ) -0.39%

Commodity and futures related ETF movers: United States Oil Fund (USO) -1.18%, iShares 20+ Year Treasury Bond (TLT) +1.03%, SPDR Gold Shares (GLD) +0.16%

On the options front, we saw large call buying activity in Sinovac Biotech Ltd. (SVA), which traded 9.8 times normal option volume. In addition, we saw heavy put buying in Dave and Buster’s Entertainment Inc. (PLAY), which traded 4.4 times normal option volume.

Economic Releases:
4 August 2017- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

Key Earnings:
4 August 2017- AEE, CBOE, NWL, RMAX, TRVG, WCG

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July 19, 2016 Market Wrap Up | TVC Trading Education Courses

July 19, 2016 tvcuser Education, Trading Crude Oil, DOE, Earnings, Economic Data, IBM, KORS, KR, LN, MON, Netflix, S&P 500, STMP, VIX, VMW, VMware

The S&P 500 closed slightly lower today, but still near record levels. Last night, we got earnings out of Netflix, IBM, and Vmware.

Stocks in play today include: Vmware (VMW) +9%, Line Coporation (LN) -10.14%, Stamps.com (STMP) -4.5%, and Monsanto Company (MON) +.4%

The VIX continues to get destroyed, as it closed below 12 today. Over the last month, the VIX has gone from a high of around 25 to now 11.97.

Crude oil futures dropped 1.5% today, however; down nearly 3% this week ahead of the DOE numbers tomorrow.

On the options front, we saw large call buying activity in Kroger (KR), which traded 2.3 times normal volume. We also saw a ton of bearish bets being placed in Michael Kors Holdings (KORS), which traded 7.7 times usual volume.

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

Key Economic Data:
20 July 2016- EIA Petroleum Status Report 10:30 AM ET
21 July 2016- Jobless Claims 8:30 AM ET, Philly Fed Business Survey 8:30 AM ET, Existing Home Sales 10:00 AM ET

Key Earnings:
20 July 2016- ABT, ASML, HAL, MS, SAP, STJ, WBC, TUP, AXP, EBAY, FFIV, GGG, INTC, MAT, MLNX, NEM, PKG, QCOM, TSCO
21 July 2016- ALK, BBT, BIIB, BK, BX, DAN, DHI, DNKN, DPZ, DOV, GM, HBAN, JCI, LUV, PHM, UN, UNP, AMD, CMG, ATHN, COF, FLEX, P, SBUX, SLB, SWKS, SYK, T, V
22 July 2016- GE, HON, SWK, SWN, SYF, TXT, VFC, WHR

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