Saturday, August 19, 2017

Market News for the Prepared Mind: 8.21 – 8.28.2017


"Chance favors the Prepared Mind." - Louis Pasteur

“There is only one side of the market and it is not the bull side or the bear side,
but the right side.” – Jesse Livermore

“I love to talk about nothing. It's the only thing I know anything about.” – Oscar Wilde

“Computers have enabled people to make more mistakes faster than almost any invention in history, with the possible exception of tequila and hand guns.” – Mitch Ratcliffe

“There is a profound difference between information and meaning.” – Warren Bennis

I am posting a truncated version of the Prepared Mind. The weekly numbers and economic calendar are here, but without commentary.

Here is an overview of the US market behavior last week and for 2017 YTD:
Index 18-Aug Change % Weekly 2017 YTD Volatility of Index
Dow Jones Industrials (DJIA) 21674.51 (183.81) -0.84% 9.67% 13.28% (VXD)
S&P 500 (SPX) 2425.55 (15.77) -0.65% 8.37% 14.26% (VIX)
NASDAQ 100 (NDX) 5790.91 (40.62) -0.70% 19.07% 17.85% (VXN)
Russell 2000 (RUT) 1357.79 (16.44) -1.20% 0.05% 17.76% (RVX)
S&P 100 (OEX) 1073.52 (8.28) -0.77% 8.28% 12.91% (VXO)
Dow Jones Transportation (TRAN) 4381.90 (79.25) -1.78% 8.16% NA
Crude Oil (CLV7) 48.90 (0.01) -0.02% -9.26% 27.53%(OVX)
Gold (GCZ7) 1290.30 (5.40) -0.42% 12.01% 12.12 (GVZ)
CBOE Volatility Index (VIX) 14.26 (1.25) -8.06% NA
Data Source: OptionVue8


Here is an overview of last week for the VIX and related products:
Indexes Ticker 18-Aug 11-Aug Change % Change
CBOE Volatility Index VIX 14.26 15.51 (1.25) -8.06%
VIX September Future (9/20/2017) VXU7 14.975 15.275 (0.30) -1.96%
VIX October Future (10/18/2017) VXV7 15.125 15.525 (0.40) -2.58%
VIX November Future (11/15/2017) VXX7 15.375 15.525 (0.15) -0.97%
CBOE Short-term Volatility Index VXST 13.17 15.53 (2.36) -15.20%
CBOE 3 Month Volatility Index VXV 15.65 16.39 (0.74) -4.51%
CBOE Mid-term Volatility Index (6 month) VXMT 16.38 16.86 (0.48) -2.85%
VIX of VIX VVIX 114.39 127.43 (13.04) -10.23%
CBOE SKEW Index SKEW 128.86 136.48 (7.62) -5.58%
Long VIX ETP's
ProShares Ultra VIX Short Term Futures ETF UVXY 38.97 43.09 (4.12) -9.56%
iPath S&P 500 VIX Short Term Futures ETN VXX 13.30 13.66 (0.36) -2.64%
ProShares VIX Short Term Futures ETF VIXY 44.19 45.50 (1.31) -2.88%
iPath S&P 500 VIX Mid-Term Futures ETN VXZ 22.51 23.20 (0.69) -2.97%
Inverse VIX ETP's
ProShares Short VIX Short Term Future ETF SVXY 70.66 71.88 (1.22) -1.70%
Daily Inverse VIX Short Term ETN XIV 73.89 74.58 (0.69) -0.93%

Data Source: OptionVue8


Janet Yellen’s Friday speech at the Jackson Hole Economic Policy Symposium will be the week's most important event. The sector focus for the week will be Housing. FHFA House Price Index will be announced on Tuesday followed by New Home Sales on Wednesday and Existing Home Sales on Thursday. Durable Goods Orders will be will be announced on Friday prior to Janet Yellen’s speech

This earnings season winds down this the week. The highlights include: Nordson, Toll Brothers, Cree, Medtronic, Salesforc.com, Eaton Vance, PVH, HP, Guess?, Williams Sonoma, Lowe’s, Sanderson Farms, Dollar Tree, Staples, Hormel Foods, JM Smucker, GameStop, GameStop, Ulta Beauty, Toro, and Big Lots, Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. The most accurate source of this information is the company’s investor relations website.


Advice to stimulate your imagination:
“A man without ethics is a wild beast loosed up this world.” – Albert Camus

  “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing.” – Jesse Livermore

“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan

“What we learn from history is that people don’t learn from history.” – Warren Buffet

“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre

Monday August 21:

Economic: Chicago Fed National Activity Index – 8:30.

International Economic: Japan All Industry Index – 12:30AM.

Tuesday August 22:

Economic: Redbook – 8:55, FHFA House Price Index – 10:00, Richmond Fed Manufacturing Index – 10:00.

International: Great Britain CBI Industrial Trends Survey – 6:00AM.

Wednesday August 23:

Economic: MBA Mortgage Applications – 7:00, New Home Sales – 10:00, EIA Petroleum Status Report – 10:30.

International Economic: No major announcements.

Thursday August 24:

Economic: Weekly Jobless Claims – 8:30, PMI Composite Flash – 9:45, Bloomberg Consumer Comfort Index – 9:45, Existing Home Sales - 10:00, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00, Money Supply – 4:30.

International Economic: Germany PMI Composite Flash – 3:30AM, Eurozone PMI Composite Flash – 4:00AM, Great Britain GDP – 4:30AM.

Other: Jackson Hole Economic Symposium. The Federal Reserve Bank of Kansas City has hosted an annual economic policy symposium. The event is designed as a forum for central bankers, policy experts and academics to come together to focus on a topic that is not necessarily of immediate concern, but instead looks into the future at emerging issues and trends.

Friday August 25:

Economic: Durable Goods Orders – 8:30, Baker Hughes Rig Count – 1:00.
International Economic: Germany GDP – 2:00AM

Other: Jackson Hole Economic Symposium continues through Saturday. Federal Reserve Chair Janet Yellen to speak at Federal Reserve Bank of Kansas City Economic Symposium on Financial Stability in Jackson Hole.- 10:00AM.


Monday August 28:

Economic: International Trade in Goods – 8:30, Dallas Fed Manufacturing Survey 10:30.

International Economic: No major announcements.















































Sunday, August 13, 2017

Market News for the Prepared Mind: 8.14 – 8.21.2017


"Chance favors the Prepared Mind." - Louis Pasteur

“There is only one side of the market and it is not the bull side or the bear side,
but the right side.” – Jesse Livermore

“I love to talk about nothing. It's the only thing I know anything about.” – Oscar Wilde

“Computers have enabled people to make more mistakes faster than almost any invention in history, with the possible exception of tequila and hand guns.” – Mitch Ratcliffe

“Better to have a simple model backed by excellent people than the other way around.” Paul Carrett

NB: Sorry for the delay in posting. It always helps to hit “post.” Next week’s blog will contain Index and VIX information. I will be in pursuit of the total eclipse.

The S&P 500 sold off 35.51 points to 2441. Last week’s 1.43% drop was the largest since November 2016. The bulk of the damage was done on Thursday when the SPX lost 1.45%. The sell-off was preceded by a market which was setting new records for lack of movement. Thursday’s skid was preceded by 58 consecutive trading sessions without a move, in either direction, exceeding 1%. This near absence of movement culminated in a record 16 straight sessions without a 0.3% move up or down. Both streaks ended with Thursday’s sell- off.

Financial talking head various blamed the ratcheting up of US-North Korea tensions and the long-legs of the current bull market. The nation’s debt ceiling limit, a statutory limit of outstanding debt obligations, needs to be raised, per the Trump administration, by September 29. Other sources are predicting a need for an increase earlier in September.

The congressional debt ceiling showdown created a crisis in 2011. It resulted in the most volatile week for financial markets since the 2008 recession. The S&P 500 was down as much as 10.6% the week of August 5. 2011. Congress will not be back inside the Beltway until September 5. Will Congress be able to reach a another bipartisan agreement in 2017? Ignore the debt ceiling negotiations at your own risk.

Here is an overview of the US market behavior last week and for 2017 YTD:
Index 11-Aug Change % Weekly 2017 YTD Volatility of Index
Dow Jones Industrials (DJIA) 21858.32 (234.49) -1.06% 10.60% 13.89% (VXD)
S&P 500 (SPX) 2441.32 (35.51) -1.43% 9.07% 15.51% (VIX)
NASDAQ 100 (NDX) 5831.53 (68.38) -1.16% 19.90% 17.77% (VXN)
Russell 2000 (RUT) 1374.23 (38.09) -2.70% 1.26% 19.59% (RVX)
S&P 100 (OEX) 1081.80 (13.62) -1.24% 9.12% 12.87% (VXO)
Dow Jones Transportation (TRAN) 4461.15 (50.81) -1.13% 10.11% NA
Crude Oil (CLU7) 48.77 (0.74) -1.49% -9.50% 28.41%(OVX)
Gold (GCZ7) 1295.70 30.90 2.44% 12.47% 13.45 (GVZ)
CBOE Volatility Index (VIX) 15.51 5.48 54.64% NA
Data Source: OptionVue8


The VIX shook off the dog days of August by closing the week at 16.04 – the highest close since November 8, 2016. The gain for the week was over 54%. The VXST – the CBOE Short-term Volatility Index - was up 81% for the week. The term structure of the front three monthly futures narrowed while gaining from 15% to nearly 37%. The number of short positions in VIX futures hit a record high the previous week. The explosion in volatility was partially fueled by traders covering short positions.

Here is an overview of last week for the VIX and related products:
Indexes Ticker 11-Aug 4-Aug Change % Change
S&P 500 SPX 2441.32 2476.83 (35.51) -1.43%
CBOE Volatility Index VIX 15.51 10.03 5.48 54.64%
VIX August Future (8/18/2017) VXQ7 15.425 11.275 4.15 36.81%
VIX September Future (9/20/2017) VXU7 15.275 12.775 2.50 19.57%
VIX October Future (10/18/2017) VXV7 15.525 13.525 2.00 14.79%
CBOE Short-term Volatility Index VXST 15.53 8.58 6.95 81.00%
CBOE 3 Month Volatility Index VXV 16.39 12.75 3.64 28.55%
CBOE Mid-term Volatility Index (6 month) VXMT 16.86 14.25 2.61 18.32%
VIX of VIX VVIX 127.43 87.39 40.04 45.82%
CBOE SKEW Index SKEW 136.48 138.32 (1.84) -1.33%
Long VIX ETP's
ProShares Ultra VIX Short Term Futures ETF UVXY 43.09 29.79 13.30 44.65%
iPath S&P 500 VIX Short Term Futures ETN VXX 13.66 11.19 2.47 22.07%
ProShares VIX Short Term Futures ETF VIXY 45.50 37.31 8.19 21.95%
iPath S&P 500 VIX Mid-Term Futures ETN VXZ 23.20 21.19 2.01 9.49%
Inverse VIX ETP's
ProShares Short VIX Short Term Future ETF SVXY 71.88 90.77 (18.89) -20.81%
Daily Inverse VIX Short Term ETN XIV 74.58 94.29 (19.71) -20.90%
Data Source: OptionVue8

The wild cards for the week are North Korea, the debt ceiling, and The POTUS’ twitter account. The week of August 14 brings reports on consumer spending, retail sales, housing starts, manufacturing and industrial production, as well as the minutes of the last Fed meeting.

This earnings season winds down over the next two weeks. The highlights include: Sysco, Urban Outfitters, Coach, Jack Henry, Staples, TJX, Advance Auto Parts, American Eagle Outfitters, Dick’s Sporting Goods, Home Depot, Target, L Brands, Cisco Systems, Ross Stores, Wal-Mart, Gap, Applied Materials, Estee Lauder, Footlocker, and Deere and Co. Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. The most accurate source of this information is the company’s investor relations website.

Advice to stimulate your imagination:

“A man without ethics is a wild beast loosed up this world.” – Albert Camus

  “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing.” – Jesse Livermore

“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan

“What we learn from history is that people don’t learn from history.” – Warren Buffet

“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre

Monday August 14:

Economic: No major announcements.

International Economic: Eurozone Industrial Production – 5:00AM.

Earnings:
SYMBOL B/A 8/11 Close AVGVOL AVG MOVE SMA 10 50% FIB
JD BMO $45.90 11,189,500 6.19% $46.25 $43.85
SYY BMO $51.58 2,975,760 1.64% $52.12 $50.94

Tuesday August 15:

Economic: Retail Sales – 8:30, Empire State Manufacturing Survey – 8:30, Import and Export Prices – 8:30, Redbook – 8:55, Business Inventories – 10:00, Housing Market Index – 10:00.

International: Germany GDP Flash - 2:00AM, Great Britain CPI and PPI – 4:30AM.

Earnings:
SYMBOL B/A 8/11 Close AVGVOL AVG MOVE SMA 10 50% FIB
AAP BMO $107.34 1,854,100 4.90% $110.48 $107.27
COH BMO $47.55 2,646,440 3.02% $47.41 $47.31
HD BMO $154.88 4,747,060 1.00% $151.55 $150.11
TJX BMO $71.07 4,819,050 2.53% $70.39 $69.38
A AMC $59.33 1,908,560 2.98% $59.99 $60.03
JKHY AMC $105.74 570,145 1.56% $106.50 $106.03

Wednesday August 16:

Economic: MBA Mortgage Applications – 7:00, Housing Starts – 8:30, Atlanta Fed Business Inflation Expectations 10:00, EIA Petroleum Status Report – 10:30.

International Economic: Great Britain Labour Report – 4:30AM. Eurozone GDP Flash – 5:00AM, Japan Merchandise Trade – 7:50PM.
Other: FOMC Minutes – 3:00PM.

Earnings:
SYMBOL B/A 8/11 Close AVGVOL AVG MOVE SMA 10 50% FIB
CACI AMC $128.55 120,466 2.97% $128.29 $128.32
CSCO AMC $31.47 21,578,700 3.59% $31.56 $31.46
CTRP AMC $53.85 3,379,010 3.46% $58.07 $56.73
LB AMC $40.88 3,697,260 3.90% $43.70 $48.60
NTAP AMC $41.49 3,229,650 5.21% $42.85 $41.72
OSIS AMC $80.98 123,352 9.55% $79.70 $78.23
PRXL AMC $87.62 1,144,680 6.89% $87.55 $87.38
SNPS AMC $76.27 1,028,220 5.33% $76.50 $74.75
TGT AMC $55.65 7,721,120 6.42% $57.06 $54.62

Thursday August 17:

Economic: Weekly Jobless Claims – 8:30, Philadelphia Fed Business Outlook Survey - 8:30, Industrial Production – 9:15, Bloomberg Consumer Comfort Index – 9:45, E-Commerce Retail Sales - 10:00, Leading Indicators - 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30.

International Economic: Great Britain Retail Sales – 4:30Am, Eurozone Merchandise Trade – 5:00AM.

Other: European Central Bank Minutes – 7:30AM.

Earnings:
SYMBOL B/A 8/11 Close AVGVOL AVG MOVE SMA 10 50% FIB
BABA BMO $151.70 17,896,800 2.83% $155.06 $150.35
HTHT BMO $99.36 254,998 4.41% $100.92 $91.84
LANC BMO $123.11 119,364 4.25% $123.07 $124.48
MSG BMO $215.66 128,323 1.25% $217.21 $205.82
WMT BMO $80.40 9,052,650 3.03% $80.71 $77.56
AMAT AMC $43.08 10,802,700 0.62% $43.56 $44.58
ATGE AMC $33.25 743,034 None $33.12 $35.25
CIB AMC $43.48 365,562 2.00% $43.70 $43.98
GLOB AMC $42.96 323,077 4.18% $44.08 $43.66
ROST AMC $55.56 3,673,540 3.02% $55.43 $54.95
Friday August 18:

Economic: Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.

International Economic: Germany PPI – 2:00AM.

Other: Dallas Federal Reserve Bank President Robert Kaplan to participate in a moderated Q&A session at the Dallas County Community College District Conference Day 2017 in Dallas, with audience Q&A.

Earnings:
SYMBOL B/A 8/11 Close AVGVOL AVG MOVE SMA 10 50% FIB
DE BMO $126.70 2,475,940 9.17% $129.68 $127.88
EL BMO $99.65 1,674,480 3.95% $99.94 $98.97
FL BMO $49.30 3,888,560 10.20% $48.31 $48.09

Monday August 21:

Economic: Chicago Fed National Activity Index – 8:30.

International Economic: No major announcements.

Earnings:
SYMBOL B/A 8/11 Close AVGVOL AVG MOVE SMA 10 50% FIB
BBL AMC $35.03 1,632,510 0.45% $35.92 $33.98
BHP AMC $40.35 2,557,050 0.68% $41.19 $39.15
FN AMC $41.00 567,423 4.91% $43.23 $43.94
NDSN AMC $127.68 359,855 6.35% $127.51 $124.03
PINC AMC $33.35 380,602 3.85% $34.37 $34.82
ZAYO AMC $33.82 2,066,120 2.34% $32.95 $32.13

Sunday, August 6, 2017

Market News for the Prepared Mind: 8.07 – 8.14.2017


"Chance favors the Prepared Mind." - Louis Pasteur

“Today’s scientists have substituted mathematics for experiments, and they wander off through equation after equation, and eventually build a structure which has no relation to reality.” - Nikola Tesla

“I love to talk about nothing. It's the only thing I know anything about.” – Oscar Wilde

“Do you want to know who you are? Don't ask. Act!
Action will delineate and define you.” – Thomas Jefferson

“Better to have a simple model backed by excellent people
 than the other way around.” Paul Carrett

The talking heads are discounting new highs for the Dow Jones Industrials (DJIA.) It is a case of “Pay not attention to the man behind the curtain!” The naysayers’ arguments focus on two specific areas - the limited number of components in the average (30) and the components of the average are weighted according to nominal stock price rather than their overall relative economic size.
These factors lead to a situation where individual stocks can have a disproportionate effect on the performance of the index. This effect was apparent last week with Apple (AAPL) and 3M (MMM) propelling the DJIA to all-time new highs, and the previous week when Boeing (BA) had the same impact. The net result was the DJIA hit new highs on eight consecutive days.

The broader based S&P 500 (SPX) provides a less biased view of US equity markets. Market capitalization and number of components (500) prevent an individual stock from significantly moving the index. The SPX is not moving. It, too, has set a new record. The SPX has gone 12 trading days – nearly 2 ½ weeks – without a move up or down of 0.03%. This is the longest streak on record . “Nothing” is the new trend.

Here is an overview of the US market behavior last week and for 2017 YTD:
Index 4-Aug Change % Weekly 2017 YTD Volatility of Index
Dow Jones Industrials (DJIA) 22092.81 262.50 1.20% 11.79% 10.33% (VXD)
S&P 500 (SPX) 2476.83 4.73 0.19% 10.66% 10.03% (VIX)
NASDAQ 100 (NDX) 5899.91 (9.01) -0.15% 21.31% 15.91% (VXN)
Russell 2000 (RUT) 1412.32 (16.94) -1.19% 4.07% 14.63% (RVX)
S&P 100 (OEX) 1095.42 5.89 0.54% 10.49% 8.90% (VXO)
Dow Jones Transportation (TRAN) 4511.96 (7.84) -0.17% 11.37% NA
Crude Oil (CLU7) 49.51 (0.28) -0.56% -8.13% 28.53%(OVX)
Gold (GCZ7) 1264.80 (10.80) -0.85% 9.79% 10.87 (GVZ)
CBOE Volatility Index (VIX) 10.03 (0.26) -2.53% NA
Data Source: OptionVue8

The dog days have affected the VIX and related products, in the same manner they have affected the major equity indexes. The VIX is hovering above all-time lows. The markets are not moving. Europe is on vacation.The A-team traders in NYC are in the Hamptons enjoying the fruits of last year’s bonuses. The trading desks across the world are staffed by the B-team. They live in fear of making mistake and raising the hackles of the alpha dogs. Their trading mantra is Primum non nocere “first, do no harm.”
Know, that these desks do not have the depth of experience to rationally respond to the black swan – the unexpected volatility event. This lack of experience can magnify panicked responses to unknowns. Be wary.
Here is an overview of last week for the VIX and related products:
Indexes Ticker 4-Aug 28-Jul Change % Change
CBOE Volatility Index VIX 10.03 10.29 (0.26) -2.53%
VIX August Future (8/18/2017) VXQ7 11.275 11.375 (0.10) -0.88%
VIX September Future (9/20/2017) VXU7 12.775 12.625 0.15 1.19%
VIX October Future (10/18/2017) VXV7 13.525 13.825 (0.30) -2.17%
CBOE Short-term Volatility Index VXST 8.58 8.55 0.03 0.35%
CBOE 3 Month Volatility Index VXV 12.75 12.58 0.17 1.35%
CBOE Mid-term Volatility Index (6 month) VXMT 14.25 13.96 0.29 2.08%
VIX of VIX VVIX 87.39 87.20 0.19 0.22%
CBOE SKEW Index SKEW 138.32 139.91 (1.59) -1.14%
Long VIX ETP's
ProShares Ultra VIX Short Term Futures ETF UVXY 29.79 30.19 (0.40) -1.32%
iPath S&P 500 VIX Short Term Futures ETN VXX 11.19 11.29 (0.10) -0.89%
ProShares VIX Short Term Futures ETF VIXY 37.31 37.54 (0.23) -0.61%
iPath S&P 500 VIX Mid-Term Futures ETN VXZ 21.19 21.00 0.19 0.90%
Inverse VIX ETP's
ProShares Short VIX Short Term Future ETF SVXY 90.77 90.22 0.55 0.61%
Daily Inverse VIX Short Term ETN XIV 94.29 93.62 0.67 0.72%
Data Source: OptionVue8

The coming week includes consumer price readings and public speeches by four Fed officials. Thursday's jobless claims and producer price data are other reports which could possibly engender some sort of move in the markets. Congress is on vacation. President Trump is on vacation. It should be very quiet. Maybe, too quiet?

It will be another blockbuster week for earnings. Earnings announcements will continue at a steady pace this week. The two stocks engendering the largest levels of interest are Nvidia (NVDA) and Priceline (PCLN) I am interested in both issues. I am far more likely to trade the NVDA announcement than the PCLN announcement.

I do not like the risk/reward ratio in Priceline.com. I will probably just watch and learn from PCLN price and implied volatility movement. PCLN closed at $2032.77 last week. Priceline’s average move for the past few earnings announcements has been nearly 7%. I will avoid a trade where the trade range expectations are plus or minus (+/-) $150. The at-the-money front month straddle is trading about $100.

It is not a “retail trade.” It is too difficult to control risk at these prices. There a number of other trading alternatives for the week. The alternatives include: CBS, Tyson Foods, Marriot Int’l, Tripadvisor, Walt Disney, Fossil, Ralph Lauren, Henry Schein, Monster Beverage, CVS Health Michael Kors, Mylan, Perrigo, Avnet, Nvidia, Nordstrom, Macy’s. Kohl’s, and J C Penney. Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. The most accurate source of this information is the company’s investor relations website.


Advice to stimulate your imagination:

“You need chaos in your soul to give birth to a dancing star.” Friedrich Nietzsche

"Now came the dog days—day after day of hot, still summer, when for hours at a time light seemed the only thing that moved; the sky-sun, clouds and breeze-awake above the drowsing downs.” - Richard Adams

“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan

“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre
Monday August 7:


Economic: Gallup US Consumer Spending Measure – 8:30, Labor Market Conditions Index – 10:00, TD Ameritrade IMX – 12:30.
International Economic: Germany Industrial Production – 2:00AM.

Other: St. Louis Federal Reserve Bank President James Bullard to discuss the U.S. economy and monetary policy at the America's Cotton Marketing Cooperatives 2017 Conference in Nashville, with audience and media Q&A – 11:45AM, Minneapolis Federal Reserve Bank President Neel Kashkari to take part in a moderated audience Q&A session at the Sioux Falls Rotary Club event in Sioux Falls, SD – 1:25PM.

Earnings:
SYMBOL B/A 8/4 Close AVGVOL AVG MOVE SMA 10 50% FIB
BAH BMO $34.61 1,273,830 5.16% $34.04 $33.40
TSN BMO $63.30 2,756,450 4.76% $62.63 $61.38
ALB AMC $119.60 1,137,890 3.15% $117.94 $111.86
CAR AMC $32.21 3,786,290 9.08% $32.03 $29.84
CBS AMC $63.62 2,867,650 2.41% $66.14 $65.35
EVHC AMC $55.79 1,402,240 1.83% $58.13 $58.91
IPHI AMC $34.69 1,266,800 9.41% $38.00 $36.81
LBTYA AMC $34.61 3,140,040 2.80% $33.54 $32.56
MAR AMC $105.02 2,451,590 2.04% $103.55 $102.31
RSPP AMC $31.11 2,427,740 3.21% $33.53 $32.72

Tuesday August 8:

Economic: Motor NFIB Small Business Optimism Index – 8:30, Redbook – 8:55, JOLTS – 10:00.
International: Germany Merchandise Trade – 2:00AM, France Merchandise Trade – 2:45AM, China PPI & CPI – 9:30PM.
Earnings:
SYMBOL B/A 8/4 Close AVGVOL AVG MOVE SMA 10 50% FIB
ARMK BMO $39.91 1,332,200 4.40% $40.17 $40.55
CVS BMO $77.97 6,031,140 4.24% $78.52 $79.31
EGN BMO $49.95 1,658,500 2.73% $51.90 $50.69
EXPD BMO $59.56 1,194,230 3.32% $59.12 $57.87
IONS BMO $52.36 1,419,600 4.71% $53.50 $55.01
KITE BMO $112.58 1,263,020 7.89% $110.05 $106.39
KORS BMO $36.80 2,484,970 6.24% $35.78 $34.88
LBTYK BMO $33.25 3,611,070 2.31% $32.43 $31.43
LNG BMO $44.68 1,798,230 1.72% $45.47 $47.07
MNK BMO $41.02 2,553,220 5.59% $45.73 $45.27
NCLH BMO $56.90 1,527,410 8.16% $55.66 $55.20
PDCE BMO $46.26 1,266,770 4.09% $46.22 $44.66
RL BMO $77.29 1,681,100 6.25% $74.94 $73.41
SEE BMO $43.49 2,194,330 4.89% $44.57 $44.56
VNTV BMO $64.04 2,031,240 1.76% $64.17 $62.55
W BMO $80.36 1,643,180 13.03% $76.74 $76.44
ZTS BMO $62.12 2,728,190 5.09% $62.28 $62.16
ACAD AMC $30.69 1,537,150 6.89% $29.91 $28.58
ANDV AMC $97.93 2,120,980 2.15% $98.12 $96.87
CLR AMC $33.65 3,508,550 1.63% $32.64 $31.90
DIS AMC $107.69 7,142,580 1.69% $108.32 $106.78
GDDY AMC $42.57 1,366,500 4.84% $43.26 $42.66
MNST AMC $52.71 2,168,070 3.42% $53.18 $51.63
TRIP AMC $39.51 2,735,580 9.72% $38.23 $37.91
TSO AMC $99.53 2,127,980 2.15% $98.12 $96.87
TSRO AMC $128.59 1,197,230 2.75% $128.18 $129.80
WBMD AMC $66.30 1,091,480 2.25% $65.11 $60.66
XEC AMC $94.00 1,218,690 2.32% $96.70 $95.14


Wednesday August 9:

Economic: MBA Mortgage Applications – 7:00, Productivity and Costs – 8:30, Wholesale Trade – 10:00, EIA Petroleum Status Report – 10:30.
International Economic: Japan Machine Orders – 7:50PM.
Earnings:
SYMBOL B/A 8/4 Close AVGVOL AVG MOVE SMA 10 50% FIB
ATHM BMO $47.82 1,212,820 2.94% $48.15 $46.85
AVT BMO $38.20 1,257,710 1.93% $38.86 $39.07
FWONK BMO $35.18 1,682,960 3.25% $34.73 $35.03
LITE BMO $58.85 1,811,120 6.83% $63.74 $62.41
MBLY BMO $63.49 2,972,730 1.55% $63.37 $63.15
MDCO BMO $36.43 1,153,500 1.64% $38.09 $39.95
MYL BMO $32.92 4,957,290 1.95% $38.24 $37.05
NVO BMO $42.06 1,952,120 9.19% $42.33 $42.54
SINA BMO $96.12 1,435,990 11.70% $94.32 $90.22
SNI BMO $87.29 2,671,580 4.86% $84.67 $77.53
TRCO BMO $40.80 2,339,900 1.31% $41.73 $41.16
WB BMO $78.77 2,591,310 14.24% $76.25 $72.31
XRAY BMO $61.59 1,283,590 2.92% $62.34 $63.06
ALNY AMC $82.44 1,092,830 10.52% $81.94 $81.38
ATH AMC $49.90 1,586,540 2.25% $50.47 $50.00
CTRP AMC $57.70 3,674,220 3.46% $58.69 $56.66
GXP AMC $31.22 2,913,200 0.94% $30.60 $30.05
LYV AMC $37.36 1,259,010 4.80% $36.98 $35.78
NTES AMC $304.47 1,276,920 5.94% $308.48 $305.51
PBYI AMC $85.80 1,700,200 1.55% $93.51 $90.99
PTLA AMC $61.50 1,013,300 10.89% $63.85 $60.48
SFR AMC $34.31 1,268,360 0.88% $34.89 $34.52

Thursday August 10:

Economic: Weekly Jobless Claims – 8:30, PPI-FD – 8:30, Bloomberg Consumer Comfort Index – 9:45, EIA Natural Gas Report – 10:30, Money Supply – 4:30.

International Economic: Japan Tertiary Index – 1:30AM, Great Britain Industrial Production – 4:30AM, Great Britain Merchandise Trade – 4:30AM.

Other: William Dudley New York Federal Reserve Bank President will deliver opening remarks and join a panel of New York Fed economists to answer questions after the presentation of the Economic Press Briefing on Wage Inequality in the Region, in New York – 10:00AM.

Earnings:
SYMBOL B/A 8/4 Close AVGVOL AVG MOVE SMA 10 50% FIB
DDS BMO $72.93 1,149,540 9.09% $72.40 $66.47
EAT BMO $34.71 1,227,660 5.59% $35.73 $36.58
KSS BMO $41.89 4,532,050 9.68% $40.74 $39.33
PRGO BMO $67.43 1,514,590 8.12% $0.00 $0.00
YY BMO $73.49 1,085,350 2.87% $71.32 $65.08
BZUN AMC $32.02 2,098,150 3.39% $32.73 $28.13
JWN AMC $46.81 3,026,170 6.88% $47.72 $48.15
NVDA AMC $167.21 22,750,900 11.70% $165.09 $154.25
TTD AMC $53.39 1,296,070 19.36% $53.78 $52.98



Friday August 11:


Economic: CPI – 8:30, International Trade – 8:30, Baker Hughes Rig Count – 1:00.

International Economic: Germany CPI – 2:00AM,

Other: Federal Reserve Bank of Dallas President Robert Kaplan to speak at the University of Texas at Arlington Accounting Department Sixth Annual CPE Day in Arlington, Texas, with audience and media Q&A – 9:40AM, Minneapolis Federal Reserve Bank President Neel Kashkari to take part in a moderated audience Q&A session at the Independent Community Bankers of Minnesota Annual Convention in Bloomington, MN – 11:30AM.

Earnings: None meeting criteria.

Monday August 14:


Economic: No Major Announcements.

International Economic: Japan GDP, 7:50PM, China Industrial Production & Retail Sales – 10:PM,

Earnings:
SYMBOL B/A 8/4 Close AVGVOL AVG MOVE SMA 10 50% FIB
JD BMO $46.40 10,758,100 6.19% $44.86 $42.68
SYY BMO $52.33 3,053,240 1.64% $51.97 $50.94