"Chance favors the Prepared Mind." - Louis Pasteur
“Imagination decides everything.” - Blaise Pascal
“Don't follow trends, start trends.” - Frank Capra
“[Prices] are never too high to begin buying or too low to begin selling.” - Jesse Livermore
“Invest at the point of maximum pessimism.” – Sir John Templeton
Here is an overview of the US market behavior last week:
| Index | 2-Dec | Change | % Weekly | 2016 YTD | Volatility of Index |
| Dow Jones Industrials (DJIA) | 19,170.42 | 18.28 | 0.10% | 10.02% | 13.58% (VXD) |
| S&P 500 (SPX) | 2,191.95 | (21.40) | -0.97% | 7.24% | 14.12% (VIX) |
| NASDAQ 100 (NDX) | 4,739.37 | (130.65) | -2.68% | 3.09% | 16.99% (VXN) |
| Russell 2000 (RUT) | 1,313.38 | (34.14) | -2.53% | 15.83% | 18.91% (RVX) |
| S&P 100 (OEX) | 966.28 | (8.97) | -0.92% | 6.02% | 14.11% (VXO) |
| Crude Oil (CLF7) | 51.68 | 5.72 | 12.45% | 39.41% | 35.51%(OVX) |
| CBOE Volatility Index (VIX) | 14.12 | 1.78 | 14.42% | NA |
Data Source: OptionVue8
Here is an overview of last week for the VIX and related products:
| Indexes | Ticker | 2-Dec | 25-Nov | Change | % Change |
| CBOE Volatility Index | VIX | 14.12 | 12.34 | 1.78 | 14.42% |
| VIX December Future (12/21/2016) | VXZ6 | 15.075 | 14.325 | 0.75 | 5.24% |
| VIX January Future (1/18/2017) | VXF7 | 16.775 | 16.175 | 0.60 | 3.71% |
| VIX February Future (2/18/2017) | VXG7 | 17.675 | 17.175 | 0.50 | 2.91% |
| CBOE Short-term Volatility Index | VXST | 13.64 | 10.43 | 3.21 | 30.78% |
| CBOE 3 Month Volatility Index | VXV | 16.78 | 15.51 | 1.27 | 8.19% |
| CBOE Mid-term Volatility Index (6 month) | VXMT | 18.75 | 17.93 | 0.82 | 4.57% |
| VIX of VIX | VVIX | 98.07 | 82.65 | 15.42 | 18.66% |
| CBOE SKEW Index | SKEW | 128.99 | 126.27 | 2.72 | 2.15% |
| Long VIX ETP's | |||||
| ProShares Ultra VIX Short Term Futures ETF | UVXY | 11.44 | 10.57 | 0.87 | 8.23% |
| iPath S&P 500 VIX Short Term Futures ETN | VXX | 28.97 | 27.82 | 1.15 | 4.13% |
| ProShares VIX Short Term Futures ETF | VIXY | 24.15 | 23.19 | 0.96 | 4.14% |
| iPath S&P 500 VIX Mid-Tem Futures ETN | VXZ | 35.65 | 35.15 | 0.50 | 1.42% |
| Inverse VIX ETP's | |||||
| ProShares Short VIX Short Term Future ETF | SVXY | 81.58 | 85.09 | (3.51) | -4.13% |
| Daily Inverse VIX Short Term ETN | XIV | 41.95 | 43.65 | (1.70) | -3.89% |
Data Source: OptionVue8
Advice to stimulate your imagination:
“Great things are not accomplished by those who yield to trends and fads and popular opinion.” - Jack Kerouac
| “Well, you know, I was a human being before I became a businessman.” – George Soros “Don't blow off another's candle for it won't make yours shine brighter.” - Jaachynma N.E. Agu “To win the people, always cook them some savory that pleases them.” - Aristophanes |
Monday December 5:
Economic: Gallup US Consumer Spending Measure – 8:30, PMI Services Index – 9:45, ISM – Non-Manufacturing Index – 10:00, Labor Market Conditions Index – 10:00, TD Ameritrade IMX – 12:30.
International Economic: Eurozone PMI Composite – 4:00AM, Eurozone Retail Sales – 5:00AM
Other: New York Federal Reserve President William Dudley speaks on the macroeconomic outlook at the Association for a Better New York in New York, N.Y. – 8:30AM, Chicago Federal Reserve Bank President Charles Evans gives a speech at The Executives' Club of Chicago CEO Breakfast in Chicago, with audience and media Q&A – 9:11AM, St. Louis Federal Reserve Bank President James Bullard speaks on the U.S. economy and monetary policy at the Arizona State University, W.P. Carey School of Business annual Economic Forecast Luncheon, with media Q&A -2:05PM.
Tuesday December 6:
Economic: International Trade – 8:30, Productivity and Costs – 8:30, Redbook – 8:55, Factory Orders - 10:00, Gallup US ECI – 2:00.
International Economic: Germany Manufacturers’ Orders – 2:00AM, Eurozone GDP – 5:00AM, Australia GDP – 7:30PM.
Wednesday December 7:
Economic: MBA Mortgage Applications – 7:00, Gallup US Job Creation Index – 8:30, JOLTS – 10:00, EIA Petroleum Status Report – 10:30.
International Economic: China Merchandise Trade Balance, Germany Industrial Production - 2:00AM, France Merchandise Trade – 2:00AM, Great Britain Industrial Production – 4:30AM, Japan GDP – 6:50PM.
Thursday December 8:
Economic: Weekly Job Claims – 8:30, Bloomberg Consumer Comfort Index – 9:45, Quarterly Services Survey – 10:00, EIA Natural Gas Report – 10:30.
International Economic: No major announcements.
Other: European Central Bank (ECB) Announcement – 7:45AM, China CPI and PPI - 8:30PM.
Monday December 9:
Economic: Consumer Sentiment – 10:00, Wholesale Trade – 10:00, Baker Hughes Rig Count – 1:00.
International Economic: Germany Merchandise Trade – 2:00AM.
Monday December 12:
Economic: No major announcements.
International Economic: Eurozone PMI Composite – 4:00AM, Eurozone Retail Sales – 5:00AM
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