tag:blogger.com,1999:blog-67211345320132116142024-03-13T00:42:55.160-05:00The Prepared MindCommentary on trading exchange listed optionsFrank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.comBlogger62125tag:blogger.com,1999:blog-6721134532013211614.post-51825136002986737952017-10-30T12:40:00.005-05:002017-10-30T12:50:12.007-05:00Market News for the Prepared Mind: 10.30 – 11.06.2017<div align="center">
<b>By Frank Fahey</b> </div>
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"Chance favors the Prepared Mind." - Louis Pasteur <br />
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“If I panic, everyone else panics.” – Kobe Bryant <br />
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“Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system<br />
that we won't see until the bear market comes.” – Ron Chernow<br />
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“The key to risk management is never putting yourself in a position </div>
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where you cannot live to fight another day.” Dick Fuld <br />
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“In November you begin to know how long the winter will be.” - Martha Gellhorn <br />
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“Panic is a natural human response to danger, but it's one that severely compounds the risk” – David Ignatius <br />
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Tech stocks led the NASDAQ and S&P 500 to new highs. Euphoria has not accompanied these new highs. Global central bank support has resulted in an environment where every market pullback is a buying opportunity. I continue to be skeptical, wary and to this date, wrong. The markets seem to have a continuing ability to shake off and and all bad news. The major concerns are higher inflation and the appointment of a new Fed chief. Either could force central banks and the fed to take a more hawkish stance. <br />
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Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 989px;"> <tbody>
<tr> <td align="center" valign="bottom" width="333"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="161"><b><u>27-Oct</u></b></td> <td align="center" valign="bottom" width="95"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="109"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="105"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="176"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="331">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="160">23434.19</td> <td align="center" valign="bottom" width="96">105.56 </td> <td align="center" valign="bottom" width="109">0.45%</td> <td align="center" valign="bottom" width="105">18.58%</td> <td align="center" valign="bottom" width="175">11.89% (VXD)</td></tr>
<tr> <td valign="bottom" width="331">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="160">2581.07</td> <td align="center" valign="bottom" width="97">5.86 </td> <td align="center" valign="bottom" width="109">0.23%</td> <td align="center" valign="bottom" width="105">15.31%</td> <td align="center" valign="bottom" width="175">9.80% (VIX)</td></tr>
<tr> <td valign="bottom" width="330">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="160">6213.47</td> <td align="center" valign="bottom" width="98">104.65 </td> <td align="center" valign="bottom" width="109">1.71%</td> <td align="center" valign="bottom" width="105">27.75%</td> <td align="center" valign="bottom" width="175">14.30% (VXN)</td></tr>
<tr> <td valign="bottom" width="330">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="159">1508.32</td> <td align="center" valign="bottom" width="99"><span style="color: red;">(0.96)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-0.06%</span></td> <td align="center" valign="bottom" width="105">11.14%</td> <td align="center" valign="bottom" width="175">13.49%(RVX) </td></tr>
<tr> <td valign="bottom" width="329">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="159">1140.09</td> <td align="center" valign="bottom" width="100">4.83 </td> <td align="center" valign="bottom" width="109">0.43%</td> <td align="center" valign="bottom" width="105">14.99%</td> <td align="center" valign="bottom" width="175">8.27%(VXO)</td></tr>
<tr> <td valign="bottom" width="329">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="159">4784.36</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(82.44)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-1.69%</span></td> <td align="center" valign="bottom" width="105">18.09%</td> <td align="center" valign="bottom" width="175">NA</td></tr>
<tr> <td valign="bottom" width="328">Crude Oil (CLz7)</td> <td align="center" valign="bottom" width="159">54.19</td> <td align="center" valign="bottom" width="102">2.12 </td> <td align="center" valign="bottom" width="109">4.07%</td> <td align="center" valign="bottom" width="105">0.56%</td> <td align="center" valign="bottom" width="174">25.18%(OVX)</td></tr>
<tr> <td valign="bottom" width="328">Gold (GCZ7)</td> <td align="center" valign="bottom" width="159">1274.60</td> <td align="center" valign="bottom" width="103"><span style="color: red;">(7.20)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-0.56%</span></td> <td align="center" valign="bottom" width="105">10.64%</td> <td align="center" valign="bottom" width="174">11.48%(GVZ)</td></tr>
<tr> <td valign="bottom" width="328">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="159">9.80</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(0.17)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-1.71%</span></td> <td align="center" valign="bottom" width="105">NA</td> <td align="center" valign="bottom" width="175"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
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The biggest news on the VIX front is the return of Russell Rhoads blogging at <a href="http://www.cboe.com/blogs%20%20">http://www.cboe.com/blogs </a>about the VIX and associated volatility issues. The cash VIX was lower for the week, while the November through January monthly futures were higher. The behavior of the monthly futures and the CBOE longer term indexes (VXST, VXV, and VXMT) are showing near support for current volatility levels. </div>
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<a href="https://draft.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="429"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="98"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="106"><b><u>27-Oct</u></b></td> <td align="center" valign="bottom" width="110"><b><u>20-Oct</u></b></td> <td align="center" valign="bottom" width="126"><b><u>Change</u></b></td> <td align="center" valign="bottom" width="116"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="429">CBOE Volatility Index</td> <td align="center" valign="bottom" width="98">VIX</td> <td align="center" valign="bottom" width="106">9.80</td> <td align="center" valign="bottom" width="110">9.97</td> <td align="center" valign="bottom" width="126"><span style="color: red;">-0.17</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-1.71%</span></td></tr>
<tr> <td valign="bottom" width="429">VIX November Future (11/15/2017)</td> <td align="center" valign="bottom" width="98">VXX7</td> <td align="center" valign="bottom" width="106">11.425</td> <td align="center" valign="bottom" width="110">11.325</td> <td align="center" valign="bottom" width="126">0.100</td> <td align="center" valign="bottom" width="116">0.88%</td></tr>
<tr> <td valign="bottom" width="429">VIX December Future (12/20/2017)</td> <td align="center" valign="bottom" width="98">VXZ7</td> <td align="center" valign="bottom" width="106">12.225</td> <td align="center" valign="bottom" width="110">12.125</td> <td align="center" valign="bottom" width="126">0.100</td> <td align="center" valign="bottom" width="116">0.82%</td></tr>
<tr> <td valign="bottom" width="429">VIX January Future (1/17/2018)</td> <td align="center" valign="bottom" width="98">VXZ7</td> <td align="center" valign="bottom" width="106">13.325</td> <td align="center" valign="bottom" width="110">13.275</td> <td align="center" valign="bottom" width="126">0.050</td> <td align="center" valign="bottom" width="116">0.38%</td></tr>
<tr> <td valign="bottom" width="429">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="98">VXST</td> <td align="center" valign="bottom" width="106">8.61</td> <td align="center" valign="bottom" width="110">8.41</td> <td align="center" valign="bottom" width="126">0.200</td> <td align="center" valign="bottom" width="116">2.38%</td></tr>
<tr> <td valign="bottom" width="429">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="98">VXV</td> <td align="center" valign="bottom" width="106">11.96</td> <td align="center" valign="bottom" width="110">11.96</td> <td align="center" valign="bottom" width="126">0.000</td> <td align="center" valign="bottom" width="116">0.00%</td></tr>
<tr> <td valign="bottom" width="429">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="98">VXMT</td> <td align="center" valign="bottom" width="106">14.48</td> <td align="center" valign="bottom" width="110">14.35</td> <td align="center" valign="bottom" width="126">0.130</td> <td align="center" valign="bottom" width="116">0.91%</td></tr>
<tr> <td valign="bottom" width="429">VIX of VIX</td> <td align="center" valign="bottom" width="98">VVIX</td> <td align="center" valign="bottom" width="106">92.78</td> <td align="center" valign="bottom" width="110">90.53</td> <td align="center" valign="bottom" width="126">2.250</td> <td align="center" valign="bottom" width="116">2.49%</td></tr>
<tr> <td valign="bottom" width="429">CBOE SKEW Index</td> <td align="center" valign="bottom" width="98">SKEW</td> <td align="center" valign="bottom" width="106">135.70</td> <td align="center" valign="bottom" width="110">148.81</td> <td align="center" valign="bottom" width="126"><span style="color: red;">(13.11)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-8.81%</span></td></tr>
<tr> <td valign="bottom" width="429"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="106"></td> <td align="center" valign="bottom" width="110"></td> <td align="center" valign="bottom" width="126"></td> <td align="center" valign="bottom" width="116"></td></tr>
<tr> <td valign="bottom" width="429">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="98">UVXY</td> <td align="center" valign="bottom" width="106">15.62</td> <td align="center" valign="bottom" width="110">15.26</td> <td align="center" valign="bottom" width="126">0.36</td> <td align="center" valign="bottom" width="116">2.36%</td></tr>
<tr> <td valign="bottom" width="429">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="98">VXX</td> <td align="center" valign="bottom" width="106">34.26</td> <td align="center" valign="bottom" width="110">33.79</td> <td align="center" valign="bottom" width="126">0.47</td> <td align="center" valign="bottom" width="116">1.39%</td></tr>
<tr> <td valign="bottom" width="429">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="98">VIXY</td> <td align="center" valign="bottom" width="106">28.43</td> <td align="center" valign="bottom" width="110">28.05</td> <td align="center" valign="bottom" width="126">0.38</td> <td align="center" valign="bottom" width="116">1.35%</td></tr>
<tr> <td valign="bottom" width="429">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="98">VXZ</td> <td align="center" valign="bottom" width="106">19.25</td> <td align="center" valign="bottom" width="110">19.23</td> <td align="center" valign="bottom" width="126">0.02</td> <td align="center" valign="bottom" width="116">0.10%</td></tr>
<tr> <td valign="bottom" width="429"><b><u>Inverse VIX ETP's</u></b></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="106"></td> <td align="center" valign="bottom" width="110"></td> <td align="center" valign="bottom" width="126"></td> <td align="center" valign="bottom" width="116"></td></tr>
<tr> <td valign="bottom" width="429">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="98">SVXY</td> <td align="center" valign="bottom" width="106">106.33</td> <td align="center" valign="bottom" width="110">108.19</td> <td align="center" valign="bottom" width="126"><span style="color: red;">(1.86)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-1.72%</span></td></tr>
<tr> <td valign="bottom" width="429">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="98">XIV</td> <td align="center" valign="bottom" width="106">110.66</td> <td align="center" valign="bottom" width="110">112.68</td> <td align="center" valign="bottom" width="126"><span style="color: red;">(2.02)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-1.79%</span></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
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The last few days of October and first few days of November include several important economic reports. The Fed will hold a regularly scheduled meeting on Tuesday and announce its policy decisions on Wednesday. It is “Employment Week.” A host of October employment reports will be released at the end of the week. These reports used to move the markets. In addition, we will get reports on the S&P CoreLogic Case-Shiller Home Price Index and U.S. Motor Vehicle sales. </div>
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Earnings announcements will be coming fast and furious this week. FANG components Facebook and Apple will announce quarterly results on Wednesday and Thursday respectively. Earnings announcements include: Mondelez Int’l, MasterCard, Cummins, ADM, Pfizer, Mosaic, Ecolab, MetLife, Facebook, Estee Lauder, Qualcomm, Prudential, Marathon Oil, Williams, Yum! Brands, CBS, ADP, HCP, Apple, Apache, Starbucks and Duke Energy. 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.<b><u></u></b> </div>
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Advice to stimulate your imagination:<br />
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“Ideas come and go, stories stay.” – Nassim Nicholas Taleb </div>
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“What we learn from history is that people don’t learn from history.” - Warren Buffett </div>
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“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan </div>
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“It takes a man a long time to learn all the lessons of all his mistakes.” - Jesse Livermore </div>
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“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> </div>
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<b><u>Monday, October 30:</u></b> <br />
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Economic: Personal Income and Outlays – 8:30, Dallas Fed Manufacturing Survey – 10:30, Farm Prices - 3:00. <br />
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International: Germany Retail Sales - 2:00AM, Germany Unemployment – 4:55AM, Eurozone Economic Sentiment – 6:00AM, Japan Industrial Production – 7:50PM. <br />
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Other: Bank of Japan Announcement.Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 925px;"> <tbody>
<tr> <td align="center" valign="bottom" width="129"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="65"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="140"><b><u>10/27 CLOSE</u></b></td> <td align="center" valign="bottom" width="154"><b><u>SHORT INT%</u></b></td> <td align="center" valign="bottom" width="100"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="140"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="78"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="109"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="129">ALSN</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$40.97</td> <td align="center" valign="bottom" width="154">1.79%</td> <td align="center" valign="bottom" width="100">1,847,810</td> <td align="center" valign="bottom" width="140">4.54%</td> <td align="center" valign="bottom" width="78">$39.08</td> <td align="center" valign="bottom" width="109">$37.87</td></tr>
<tr> <td align="center" valign="bottom" width="129">D</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$80.41</td> <td align="center" valign="bottom" width="154">3.28%</td> <td align="center" valign="bottom" width="100">2,124,520</td> <td align="center" valign="bottom" width="140">1.63%</td> <td align="center" valign="bottom" width="78">$79.63</td> <td align="center" valign="bottom" width="109">$78.34</td></tr>
<tr> <td align="center" valign="bottom" width="129">EIX</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$78.73</td> <td align="center" valign="bottom" width="154">1.31%</td> <td align="center" valign="bottom" width="100">1,774,440</td> <td align="center" valign="bottom" width="140">0.69%</td> <td align="center" valign="bottom" width="78">$78.78</td> <td align="center" valign="bottom" width="109">$78.38</td></tr>
<tr> <td align="center" valign="bottom" width="129">MAC</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$57.05</td> <td align="center" valign="bottom" width="154">2.96%</td> <td align="center" valign="bottom" width="100">1,466,310</td> <td align="center" valign="bottom" width="140">2.54%</td> <td align="center" valign="bottom" width="78">$57.20</td> <td align="center" valign="bottom" width="109">$55.59</td></tr>
<tr> <td align="center" valign="bottom" width="129">MDLZ</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$40.91</td> <td align="center" valign="bottom" width="154">1.27%</td> <td align="center" valign="bottom" width="100">8,443,140</td> <td align="center" valign="bottom" width="140">2.08%</td> <td align="center" valign="bottom" width="78">$41.10</td> <td align="center" valign="bottom" width="109">$41.02</td></tr>
<tr> <td align="center" valign="bottom" width="129">OHI</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$31.32</td> <td align="center" valign="bottom" width="154">7.12%</td> <td align="center" valign="bottom" width="100">1,835,500</td> <td align="center" valign="bottom" width="140">2.88%</td> <td align="center" valign="bottom" width="78">$31.82</td> <td align="center" valign="bottom" width="109">$31.87</td></tr>
<tr> <td align="center" valign="bottom" width="129">SBAC</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$146.55</td> <td align="center" valign="bottom" width="154">5.29%</td> <td align="center" valign="bottom" width="100">1,499,030</td> <td align="center" valign="bottom" width="140">1.99%</td> <td align="center" valign="bottom" width="78">$148.10</td> <td align="center" valign="bottom" width="109">$146.59</td></tr>
<tr> <td align="center" valign="bottom" width="129">SRE</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$115.11</td> <td align="center" valign="bottom" width="154">1.65%</td> <td align="center" valign="bottom" width="100">1,080,200</td> <td align="center" valign="bottom" width="140">1.10%</td> <td align="center" valign="bottom" width="78">$114.34</td> <td align="center" valign="bottom" width="109">$113.52</td></tr>
<tr> <td align="center" valign="bottom" width="129">SUM</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$31.94</td> <td align="center" valign="bottom" width="154">21.24%</td> <td align="center" valign="bottom" width="100">1,211,320</td> <td align="center" valign="bottom" width="140">3.24%</td> <td align="center" valign="bottom" width="78">$31.66</td> <td align="center" valign="bottom" width="109">$31.62</td></tr>
<tr> <td align="center" valign="bottom" width="129">UDR</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$38.25</td> <td align="center" valign="bottom" width="154">2.43%</td> <td align="center" valign="bottom" width="100">1,236,460</td> <td align="center" valign="bottom" width="140">1.67%</td> <td align="center" valign="bottom" width="78">$38.51</td> <td align="center" valign="bottom" width="109">$38.36</td></tr>
<tr> <td align="center" valign="bottom" width="129">VNO</td> <td align="center" valign="bottom" width="65">AMC</td> <td align="center" valign="bottom" width="140">$72.98</td> <td align="center" valign="bottom" width="154">1.70%</td> <td align="center" valign="bottom" width="100">1,077,800</td> <td align="center" valign="bottom" width="140">2.37%</td> <td align="center" valign="bottom" width="78">$75.75</td> <td align="center" valign="bottom" width="109">$76.36</td></tr>
</tbody></table>
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<b><u>Tuesday, October 31:</u></b><br />
Economic: Employment Cost Index – 8:30, Redbook – 8:55, S&P Corelogic Case-Shiller HPI – 9:00, Chicago PMI – 9:45, Consumer Confidence – 10:00, State Street Investor Confidence – 10:00. <br />
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International: Japan PMI Manufacturing Index – 8:30PM, China PMI Manufacturing Index – 9:00PM. <br />
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Other: <b>FOMC Meeting Begins.</b><br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 918px;"> <tbody>
<tr> <td align="center" valign="bottom" width="122"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="80"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="137"><b><u>10/27 CLOSE</u></b></td> <td align="center" valign="bottom" width="159"><b><u>SHORT INT%</u></b></td> <td align="center" valign="bottom" width="101"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="128"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="85"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="96"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="122">ADM</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$43.01</td> <td align="center" valign="bottom" width="159">2.20%</td> <td align="center" valign="bottom" width="101">2,842,280</td> <td align="center" valign="bottom" width="128">5.45%</td> <td align="center" valign="bottom" width="85">$43.52</td> <td align="center" valign="bottom" width="96">$43.37</td></tr>
<tr> <td align="center" valign="bottom" width="122">AET</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$178.60</td> <td align="center" valign="bottom" width="159">4.77%</td> <td align="center" valign="bottom" width="101">1,814,420</td> <td align="center" valign="bottom" width="128">1.58%</td> <td align="center" valign="bottom" width="85">$159.66</td> <td align="center" valign="bottom" width="96">$167.34</td></tr>
<tr> <td align="center" valign="bottom" width="122">AMT</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$138.45</td> <td align="center" valign="bottom" width="159">1.24%</td> <td align="center" valign="bottom" width="101">1,842,170</td> <td align="center" valign="bottom" width="128">0.60%</td> <td align="center" valign="bottom" width="85">$0.00</td> <td align="center" valign="bottom" width="96">$0.00</td></tr>
<tr> <td align="center" valign="bottom" width="122">BP</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$38.65</td> <td align="center" valign="bottom" width="159">0.27%</td> <td align="center" valign="bottom" width="101">4,509,400</td> <td align="center" valign="bottom" width="128">2.63%</td> <td align="center" valign="bottom" width="85">$38.84</td> <td align="center" valign="bottom" width="96">$38.39</td></tr>
<tr> <td align="center" valign="bottom" width="122">CMI</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$178.64</td> <td align="center" valign="bottom" width="159">6.64%</td> <td align="center" valign="bottom" width="101">1,198,170</td> <td align="center" valign="bottom" width="128">4.90%</td> <td align="center" valign="bottom" width="85">$176.01</td> <td align="center" valign="bottom" width="96">$173.05</td></tr>
<tr> <td align="center" valign="bottom" width="122">ETN</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$79.50</td> <td align="center" valign="bottom" width="159">1.40%</td> <td align="center" valign="bottom" width="101">2,559,190</td> <td align="center" valign="bottom" width="128">3.30%</td> <td align="center" valign="bottom" width="85">$78.73</td> <td align="center" valign="bottom" width="96">$77.78</td></tr>
<tr> <td align="center" valign="bottom" width="122">FIS</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$95.94</td> <td align="center" valign="bottom" width="159">1.29%</td> <td align="center" valign="bottom" width="101">1,220,310</td> <td align="center" valign="bottom" width="128">1.97%</td> <td align="center" valign="bottom" width="85">$95.22</td> <td align="center" valign="bottom" width="96">$94.25</td></tr>
<tr> <td align="center" valign="bottom" width="122">HCA</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$76.89</td> <td align="center" valign="bottom" width="159">2.47%</td> <td align="center" valign="bottom" width="101">2,405,130</td> <td align="center" valign="bottom" width="128">1.14%</td> <td align="center" valign="bottom" width="85">$78.13</td> <td align="center" valign="bottom" width="96">$76.47</td></tr>
<tr> <td align="center" valign="bottom" width="122">INCY</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$115.56</td> <td align="center" valign="bottom" width="159">2.84%</td> <td align="center" valign="bottom" width="101">1,561,860</td> <td align="center" valign="bottom" width="128">2.59%</td> <td align="center" valign="bottom" width="85">$114.78</td> <td align="center" valign="bottom" width="96">$113.06</td></tr>
<tr> <td align="center" valign="bottom" width="122">K</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$60.55</td> <td align="center" valign="bottom" width="159">1.70%</td> <td align="center" valign="bottom" width="101">2,733,810</td> <td align="center" valign="bottom" width="128">3.05%</td> <td align="center" valign="bottom" width="85">$61.43</td> <td align="center" valign="bottom" width="96">$62.49</td></tr>
<tr> <td align="center" valign="bottom" width="122">LL</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$35.55</td> <td align="center" valign="bottom" width="159">37.81%</td> <td align="center" valign="bottom" width="101">1,392,790</td> <td align="center" valign="bottom" width="128">14.91%</td> <td align="center" valign="bottom" width="85">$34.94</td> <td align="center" valign="bottom" width="96">$36.58</td></tr>
<tr> <td align="center" valign="bottom" width="122">MA</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$146.59</td> <td align="center" valign="bottom" width="159">0.70%</td> <td align="center" valign="bottom" width="101">3,124,460</td> <td align="center" valign="bottom" width="128">2.13%</td> <td align="center" valign="bottom" width="85">$146.02</td> <td align="center" valign="bottom" width="96">$143.10</td></tr>
<tr> <td align="center" valign="bottom" width="122">OLN</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$35.35</td> <td align="center" valign="bottom" width="159">7.48%</td> <td align="center" valign="bottom" width="101">1,884,530</td> <td align="center" valign="bottom" width="128">5.40%</td> <td align="center" valign="bottom" width="85">$35.09</td> <td align="center" valign="bottom" width="96">$35.14</td></tr>
<tr> <td align="center" valign="bottom" width="122">PEG</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$49.36</td> <td align="center" valign="bottom" width="159">2.53%</td> <td align="center" valign="bottom" width="101">2,589,390</td> <td align="center" valign="bottom" width="128">1.97%</td> <td align="center" valign="bottom" width="85">$48.90</td> <td align="center" valign="bottom" width="96">$47.45</td></tr>
<tr> <td align="center" valign="bottom" width="122">PFE</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$35.74</td> <td align="center" valign="bottom" width="159">5.23%</td> <td align="center" valign="bottom" width="101">17,085,000</td> <td align="center" valign="bottom" width="128">1.67%</td> <td align="center" valign="bottom" width="85">$36.16</td> <td align="center" valign="bottom" width="96">$35.98</td></tr>
<tr> <td align="center" valign="bottom" width="122">SERV</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$45.09</td> <td align="center" valign="bottom" width="159">1.51%</td> <td align="center" valign="bottom" width="101">1,228,080</td> <td align="center" valign="bottom" width="128">6.05%</td> <td align="center" valign="bottom" width="85">$46.28</td> <td align="center" valign="bottom" width="96">$46.38</td></tr>
<tr> <td align="center" valign="bottom" width="122">SHOP</td> <td align="center" valign="bottom" width="80">BMO</td> <td align="center" valign="bottom" width="137">$104.11</td> <td align="center" valign="bottom" width="159">5.12%</td> <td align="center" valign="bottom" width="101">3,647,270</td> <td align="center" valign="bottom" width="128">7.76%</td> <td align="center" valign="bottom" width="85">$100.31</td> <td align="center" valign="bottom" width="96">$105.41</td></tr>
<tr> <td align="center" valign="bottom" width="122">APC</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$47.69</td> <td align="center" valign="bottom" width="159">3.42%</td> <td align="center" valign="bottom" width="101">4,985,230</td> <td align="center" valign="bottom" width="128">1.44%</td> <td align="center" valign="bottom" width="85">$48.31</td> <td align="center" valign="bottom" width="96">$48.45</td></tr>
<tr> <td align="center" valign="bottom" width="122">CHRW</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$79.59</td> <td align="center" valign="bottom" width="159">15.37%</td> <td align="center" valign="bottom" width="101">1,675,790</td> <td align="center" valign="bottom" width="128">4.20%</td> <td align="center" valign="bottom" width="85">$77.97</td> <td align="center" valign="bottom" width="96">$76.67</td></tr>
<tr> <td align="center" valign="bottom" width="122">CXO</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$130.12</td> <td align="center" valign="bottom" width="159">6.67%</td> <td align="center" valign="bottom" width="101">1,185,510</td> <td align="center" valign="bottom" width="128">4.06%</td> <td align="center" valign="bottom" width="85">$132.25</td> <td align="center" valign="bottom" width="96">$130.74</td></tr>
<tr> <td align="center" valign="bottom" width="122">EA</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$115.83</td> <td align="center" valign="bottom" width="159">1.78%</td> <td align="center" valign="bottom" width="101">2,499,160</td> <td align="center" valign="bottom" width="128">1.09%</td> <td align="center" valign="bottom" width="85">$114.94</td> <td align="center" valign="bottom" width="96">$115.40</td></tr>
<tr> <td align="center" valign="bottom" width="122">EVHC</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$43.27</td> <td align="center" valign="bottom" width="159">5.96%</td> <td align="center" valign="bottom" width="101">2,275,640</td> <td align="center" valign="bottom" width="128">0.82%</td> <td align="center" valign="bottom" width="85">$42.84</td> <td align="center" valign="bottom" width="96">$42.81</td></tr>
<tr> <td align="center" valign="bottom" width="122">EXAS</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$49.33</td> <td align="center" valign="bottom" width="159">13.98%</td> <td align="center" valign="bottom" width="101">1,571,150</td> <td align="center" valign="bottom" width="128">13.57%</td> <td align="center" valign="bottom" width="85">$48.14</td> <td align="center" valign="bottom" width="96">$47.28</td></tr>
<tr> <td align="center" valign="bottom" width="122">OKE</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$53.43</td> <td align="center" valign="bottom" width="159">8.17%</td> <td align="center" valign="bottom" width="101">3,016,200</td> <td align="center" valign="bottom" width="128">1.86%</td> <td align="center" valign="bottom" width="85">$55.45</td> <td align="center" valign="bottom" width="96">$54.95</td></tr>
<tr> <td align="center" valign="bottom" width="122">VOYA</td> <td align="center" valign="bottom" width="80">AMC</td> <td align="center" valign="bottom" width="137">$40.21</td> <td align="center" valign="bottom" width="159">1.85%</td> <td align="center" valign="bottom" width="101">1,402,900</td> <td align="center" valign="bottom" width="128">2.10%</td> <td align="center" valign="bottom" width="85">$40.00</td> <td align="center" valign="bottom" width="96">$39.77</td></tr>
</tbody></table>
<br />
<b><u>Wednesday, November 1:</u></b><br />
Economic: MBA Mortgage Applications – 7:00, ADP Employment Report = 8:15, Treasury Refunding Announcement – 8:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 10:00, Construction Spending – 10:00, , EIA Petroleum Status Report – 10:30 <br />
<a href="https://draft.blogger.com/null" name="_Hlk479355929"><br /></a>International Economic: No major announcements. <br />
<br />
Other: <b>FOMC Meeting Announcement – 2:00.</b><br />
<b></b> <br />
Earnings: <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 911px;"> <tbody>
<tr> <td align="center" valign="bottom" width="122"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="68"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="144"><b><u>10/27 CLOSE</u></b></td> <td align="center" valign="bottom" width="153"><b><u>SHORT INT%</u></b></td> <td align="center" valign="bottom" width="102"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="82"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="101"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="122">AGN</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$176.33</td> <td align="center" valign="bottom" width="153">1.48%</td> <td align="center" valign="bottom" width="102">2,946,060</td> <td align="center" valign="bottom" width="128">2.54%</td> <td align="center" valign="bottom" width="83">$189.38</td> <td align="center" valign="bottom" width="101">$195.83</td></tr>
<tr> <td align="center" valign="bottom" width="122">BG</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$69.96</td> <td align="center" valign="bottom" width="153">1.74%</td> <td align="center" valign="bottom" width="102">1,014,400</td> <td align="center" valign="bottom" width="128">9.98%</td> <td align="center" valign="bottom" width="84">$70.88</td> <td align="center" valign="bottom" width="101">$70.59</td></tr>
<tr> <td align="center" valign="bottom" width="122">COMM</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$31.73</td> <td align="center" valign="bottom" width="153">3.47%</td> <td align="center" valign="bottom" width="102">1,700,820</td> <td align="center" valign="bottom" width="128">8.08%</td> <td align="center" valign="bottom" width="85">$32.05</td> <td align="center" valign="bottom" width="101">$32.38</td></tr>
<tr> <td align="center" valign="bottom" width="122">CTSH</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$74.58</td> <td align="center" valign="bottom" width="153">1.23%</td> <td align="center" valign="bottom" width="102">2,881,650</td> <td align="center" valign="bottom" width="127">4.50%</td> <td align="center" valign="bottom" width="86">$74.34</td> <td align="center" valign="bottom" width="100">$73.28</td></tr>
<tr> <td align="center" valign="bottom" width="121">DVN</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$34.91</td> <td align="center" valign="bottom" width="153">3.81%</td> <td align="center" valign="bottom" width="102">4,104,940</td> <td align="center" valign="bottom" width="127">2.73%</td> <td align="center" valign="bottom" width="87">$35.13</td> <td align="center" valign="bottom" width="100">$35.71</td></tr>
<tr> <td align="center" valign="bottom" width="121">EAT</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$31.12</td> <td align="center" valign="bottom" width="153">11.42%</td> <td align="center" valign="bottom" width="102">1,341,320</td> <td align="center" valign="bottom" width="127">3.83%</td> <td align="center" valign="bottom" width="88">$31.68</td> <td align="center" valign="bottom" width="100">$31.81</td></tr>
<tr> <td align="center" valign="bottom" width="121">EL</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$111.79</td> <td align="center" valign="bottom" width="153">3.35%</td> <td align="center" valign="bottom" width="102">2,168,340</td> <td align="center" valign="bottom" width="127">4.90%</td> <td align="center" valign="bottom" width="88">$110.35</td> <td align="center" valign="bottom" width="100">$109.25</td></tr>
<tr> <td align="center" valign="bottom" width="121">HFC</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$36.10</td> <td align="center" valign="bottom" width="153">5.45%</td> <td align="center" valign="bottom" width="102">2,854,370</td> <td align="center" valign="bottom" width="127">3.79%3</td> <td align="center" valign="bottom" width="88">$36.28</td> <td align="center" valign="bottom" width="100">$35.30</td></tr>
<tr> <td align="center" valign="bottom" width="121">ICPT</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$59.32</td> <td align="center" valign="bottom" width="153">28.85%</td> <td align="center" valign="bottom" width="102">1,543,740</td> <td align="center" valign="bottom" width="127">9.41%</td> <td align="center" valign="bottom" width="88">$64.72</td> <td align="center" valign="bottom" width="100">$77.42</td></tr>
<tr> <td align="center" valign="bottom" width="121">LITE</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$61.65</td> <td align="center" valign="bottom" width="153">19.18%</td> <td align="center" valign="bottom" width="102">1,725,960</td> <td align="center" valign="bottom" width="127">6.83%</td> <td align="center" valign="bottom" width="88">$58.37</td> <td align="center" valign="bottom" width="100">$57.30</td></tr>
<tr> <td align="center" valign="bottom" width="121">MD</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$43.49</td> <td align="center" valign="bottom" width="153">8.53%</td> <td align="center" valign="bottom" width="102">1,282,090</td> <td align="center" valign="bottom" width="127">6.74%</td> <td align="center" valign="bottom" width="88">$43.33</td> <td align="center" valign="bottom" width="100">$43.33</td></tr>
<tr> <td align="center" valign="bottom" width="121">NVO</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$48.86</td> <td align="center" valign="bottom" width="153">0.22%</td> <td align="center" valign="bottom" width="102">1,991,450</td> <td align="center" valign="bottom" width="127">8.52%</td> <td align="center" valign="bottom" width="88">$49.70</td> <td align="center" valign="bottom" width="100">$49.15</td></tr>
<tr> <td align="center" valign="bottom" width="121">PPL</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$37.69</td> <td align="center" valign="bottom" width="153">1.56%</td> <td align="center" valign="bottom" width="102">2,926,890</td> <td align="center" valign="bottom" width="127">0.68%</td> <td align="center" valign="bottom" width="88">$37.70</td> <td align="center" valign="bottom" width="100">$38.08</td></tr>
<tr> <td align="center" valign="bottom" width="121">SBGI</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$31.40</td> <td align="center" valign="bottom" width="153">17.93%</td> <td align="center" valign="bottom" width="102">1,796,420</td> <td align="center" valign="bottom" width="127">3.53%</td> <td align="center" valign="bottom" width="88">$30.55</td> <td align="center" valign="bottom" width="100">$30.45</td></tr>
<tr> <td align="center" valign="bottom" width="121">SO</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$52.06</td> <td align="center" valign="bottom" width="153">2.51%</td> <td align="center" valign="bottom" width="102">4,572,820</td> <td align="center" valign="bottom" width="127">1.59%</td> <td align="center" valign="bottom" width="88">$51.75</td> <td align="center" valign="bottom" width="100">$50.44</td></tr>
<tr> <td align="center" valign="bottom" width="121">SPR</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$79.67</td> <td align="center" valign="bottom" width="153">7.08%</td> <td align="center" valign="bottom" width="102">1,081,600</td> <td align="center" valign="bottom" width="127">7.86%</td> <td align="center" valign="bottom" width="88">$79.87</td> <td align="center" valign="bottom" width="100">$79.07</td></tr>
<tr> <td align="center" valign="bottom" width="121">TAP</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$80.37</td> <td align="center" valign="bottom" width="153">2.87%</td> <td align="center" valign="bottom" width="102">1,441,160</td> <td align="center" valign="bottom" width="127">2.19%</td> <td align="center" valign="bottom" width="88">$82.83</td> <td align="center" valign="bottom" width="100">$82.63</td></tr>
<tr> <td align="center" valign="bottom" width="121">TEL</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$88.59</td> <td align="center" valign="bottom" width="153">1.43%</td> <td align="center" valign="bottom" width="102">1,122,650</td> <td align="center" valign="bottom" width="127">2.23%</td> <td align="center" valign="bottom" width="88">$88.18</td> <td align="center" valign="bottom" width="100">$85.17</td></tr>
<tr> <td align="center" valign="bottom" width="121">TEX</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$46.76</td> <td align="center" valign="bottom" width="153">1.68%</td> <td align="center" valign="bottom" width="102">1,250,040</td> <td align="center" valign="bottom" width="127">2.77%</td> <td align="center" valign="bottom" width="88">$46.18</td> <td align="center" valign="bottom" width="100">$44.81</td></tr>
<tr> <td align="center" valign="bottom" width="121">ZBH</td> <td align="center" valign="bottom" width="68">BMO</td> <td align="center" valign="bottom" width="144">$121.00</td> <td align="center" valign="bottom" width="153">3.44%</td> <td align="center" valign="bottom" width="102">1,299,240</td> <td align="center" valign="bottom" width="127">4.15%</td> <td align="center" valign="bottom" width="88">$120.94</td> <td align="center" valign="bottom" width="100">$118.24</td></tr>
<tr> <td align="center" valign="bottom" width="121">CAKE</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$44.18</td> <td align="center" valign="bottom" width="153">25.63%</td> <td align="center" valign="bottom" width="102">1,365,400</td> <td align="center" valign="bottom" width="127">6.04%</td> <td align="center" valign="bottom" width="88">$43.28</td> <td align="center" valign="bottom" width="100">$42.44</td></tr>
<tr> <td align="center" valign="bottom" width="121">CF</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$37.45</td> <td align="center" valign="bottom" width="153">7.57%</td> <td align="center" valign="bottom" width="102">4,143,010</td> <td align="center" valign="bottom" width="127">6.51%</td> <td align="center" valign="bottom" width="88">$36.99</td> <td align="center" valign="bottom" width="100">$35.97</td></tr>
<tr> <td align="center" valign="bottom" width="121">CLVS</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$74.35</td> <td align="center" valign="bottom" width="153">17.98%</td> <td align="center" valign="bottom" width="102">1,593,120</td> <td align="center" valign="bottom" width="127">4.87%</td> <td align="center" valign="bottom" width="88">$78.54</td> <td align="center" valign="bottom" width="100">$79.12</td></tr>
<tr> <td align="center" valign="bottom" width="121">CTRP</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$46.60</td> <td align="center" valign="bottom" width="153">7.99%</td> <td align="center" valign="bottom" width="102">4,773,320</td> <td align="center" valign="bottom" width="127">2.96%</td> <td align="center" valign="bottom" width="88">$50.81</td> <td align="center" valign="bottom" width="100">$51.52</td></tr>
<tr> <td align="center" valign="bottom" width="121">DXCM</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$44.46</td> <td align="center" valign="bottom" width="153">14.71%</td> <td align="center" valign="bottom" width="102">2,029,600</td> <td align="center" valign="bottom" width="127">8.07%</td> <td align="center" valign="bottom" width="88">$44.92</td> <td align="center" valign="bottom" width="100">$56.53</td></tr>
<tr> <td align="center" valign="bottom" width="121">EFX</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$108.95</td> <td align="center" valign="bottom" width="153">3.61%</td> <td align="center" valign="bottom" width="102">3,786,560</td> <td align="center" valign="bottom" width="127">3.35%</td> <td align="center" valign="bottom" width="88">$109.25</td> <td align="center" valign="bottom" width="100">$104.86</td></tr>
<tr> <td align="center" valign="bottom" width="121">ES</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$62.24</td> <td align="center" valign="bottom" width="153">2.38%</td> <td align="center" valign="bottom" width="102">1,469,580</td> <td align="center" valign="bottom" width="127">0.90%</td> <td align="center" valign="bottom" width="88">$61.96</td> <td align="center" valign="bottom" width="100">$61.22</td></tr>
<tr> <td align="center" valign="bottom" width="121">EXR</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$78.70</td> <td align="center" valign="bottom" width="153">2.61%</td> <td align="center" valign="bottom" width="102">1,009,340</td> <td align="center" valign="bottom" width="127">2.13%</td> <td align="center" valign="bottom" width="88">$81.38</td> <td align="center" valign="bottom" width="100">$79.78</td></tr>
<tr> <td align="center" valign="bottom" width="121">FB</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$170.63</td> <td align="center" valign="bottom" width="153">0.99%</td> <td align="center" valign="bottom" width="102">15,285,100</td> <td align="center" valign="bottom" width="127">2.35%</td> <td align="center" valign="bottom" width="88">$173.42</td> <td align="center" valign="bottom" width="100">$169.15</td></tr>
<tr> <td align="center" valign="bottom" width="121">FLS</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$44.74</td> <td align="center" valign="bottom" width="153">6.34%</td> <td align="center" valign="bottom" width="102">1,398,270</td> <td align="center" valign="bottom" width="127">3.88%</td> <td align="center" valign="bottom" width="88">$44.67</td> <td align="center" valign="bottom" width="100">$43.55</td></tr>
<tr> <td align="center" valign="bottom" width="121">GXP</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$32.40</td> <td align="center" valign="bottom" width="153">1.88%</td> <td align="center" valign="bottom" width="102">1,788,370</td> <td align="center" valign="bottom" width="127">0.71%</td> <td align="center" valign="bottom" width="88">$32.07</td> <td align="center" valign="bottom" width="100">$31.20</td></tr>
<tr> <td align="center" valign="bottom" width="121">JUNO</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$43.53</td> <td align="center" valign="bottom" width="153">18.87%</td> <td align="center" valign="bottom" width="102">2,633,820</td> <td align="center" valign="bottom" width="127">6.88%</td> <td align="center" valign="bottom" width="88">$43.52</td> <td align="center" valign="bottom" width="100">$44.19</td></tr>
<tr> <td align="center" valign="bottom" width="121">KHC</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$77.30</td> <td align="center" valign="bottom" width="153">2.50%</td> <td align="center" valign="bottom" width="102">3,294,540</td> <td align="center" valign="bottom" width="127">1.58%</td> <td align="center" valign="bottom" width="88">$77.21</td> <td align="center" valign="bottom" width="100">$78.29</td></tr>
<tr> <td align="center" valign="bottom" width="121">LBTYA</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$30.99</td> <td align="center" valign="bottom" width="153">1.16%</td> <td align="center" valign="bottom" width="102">2,060,820</td> <td align="center" valign="bottom" width="127">1.16%</td> <td align="center" valign="bottom" width="88">$31.76</td> <td align="center" valign="bottom" width="100">$32.72</td></tr>
<tr> <td align="center" valign="bottom" width="121">LBTYK</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$30.00</td> <td align="center" valign="bottom" width="153">1.43%</td> <td align="center" valign="bottom" width="102">2,999,920</td> <td align="center" valign="bottom" width="127">1.12%</td> <td align="center" valign="bottom" width="88">$30.77</td> <td align="center" valign="bottom" width="100">$31.66</td></tr>
<tr> <td align="center" valign="bottom" width="121">MET</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$54.21</td> <td align="center" valign="bottom" width="153">1.65%</td> <td align="center" valign="bottom" width="102">5,238,120</td> <td align="center" valign="bottom" width="127">2.55%</td> <td align="center" valign="bottom" width="88">$53.28</td> <td align="center" valign="bottom" width="100">$52.14</td></tr>
<tr> <td align="center" valign="bottom" width="121">OXY</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$64.62</td> <td align="center" valign="bottom" width="153">1.27%</td> <td align="center" valign="bottom" width="102">3,542,010</td> <td align="center" valign="bottom" width="127">2.84%</td> <td align="center" valign="bottom" width="88">$64.99</td> <td align="center" valign="bottom" width="100">$64.24</td></tr>
<tr> <td align="center" valign="bottom" width="121">PRU</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$111.89</td> <td align="center" valign="bottom" width="153">1.36%</td> <td align="center" valign="bottom" width="102">1,798,980</td> <td align="center" valign="bottom" width="127">3.22%</td> <td align="center" valign="bottom" width="88">$110.26</td> <td align="center" valign="bottom" width="100">$108.41</td></tr>
<tr> <td align="center" valign="bottom" width="121">PXD</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$142.31</td> <td align="center" valign="bottom" width="153">5.65%</td> <td align="center" valign="bottom" width="102">2,129,160</td> <td align="center" valign="bottom" width="127">4.59%</td> <td align="center" valign="bottom" width="88">$143.74</td> <td align="center" valign="bottom" width="100">$147.19</td></tr>
<tr> <td align="center" valign="bottom" width="121">QCOM</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$53.80</td> <td align="center" valign="bottom" width="153">1.49%</td> <td align="center" valign="bottom" width="102">7,906,630</td> <td align="center" valign="bottom" width="127">2.57%</td> <td align="center" valign="bottom" width="88">$52.94</td> <td align="center" valign="bottom" width="100">$52.65</td></tr>
<tr> <td align="center" valign="bottom" width="121">QRVO</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$71.56</td> <td align="center" valign="bottom" width="153">7.54%</td> <td align="center" valign="bottom" width="102">1,077,590</td> <td align="center" valign="bottom" width="127">1.68%</td> <td align="center" valign="bottom" width="88">$71.34</td> <td align="center" valign="bottom" width="100">$70.55</td></tr>
<tr> <td align="center" valign="bottom" width="121">SGMS</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$44.00</td> <td align="center" valign="bottom" width="153">27.20%</td> <td align="center" valign="bottom" width="102">1,068,680</td> <td align="center" valign="bottom" width="127">5.68%</td> <td align="center" valign="bottom" width="88">$43.71</td> <td align="center" valign="bottom" width="100">$44.58</td></tr>
<tr> <td align="center" valign="bottom" width="121">SYMC</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$31.86</td> <td align="center" valign="bottom" width="153">3.61%</td> <td align="center" valign="bottom" width="102">6,188,580</td> <td align="center" valign="bottom" width="127">3.56%</td> <td align="center" valign="bottom" width="88">$32.22</td> <td align="center" valign="bottom" width="100">$32.56</td></tr>
<tr> <td align="center" valign="bottom" width="121">TDOC</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$31.75</td> <td align="center" valign="bottom" width="153">28.16%</td> <td align="center" valign="bottom" width="102">1,055,830</td> <td align="center" valign="bottom" width="127">6.63%</td> <td align="center" valign="bottom" width="88">$33.13</td> <td align="center" valign="bottom" width="100">$32.67</td></tr>
<tr> <td align="center" valign="bottom" width="121">TSLA</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$326.17</td> <td align="center" valign="bottom" width="153">24.15%</td> <td align="center" valign="bottom" width="102">5,785,630</td> <td align="center" valign="bottom" width="127">5.70%</td> <td align="center" valign="bottom" width="88">$344.49</td> <td align="center" valign="bottom" width="100">$350.01</td></tr>
<tr> <td align="center" valign="bottom" width="121">WBMD</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$66.48</td> <td align="center" valign="bottom" width="153">15.85%</td> <td align="center" valign="bottom" width="102">1,312,380</td> <td align="center" valign="bottom" width="127">1.25%</td> <td align="center" valign="bottom" width="88">$66.46</td> <td align="center" valign="bottom" width="100">$66.36</td></tr>
<tr> <td align="center" valign="bottom" width="121">XPO</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$69.14</td> <td align="center" valign="bottom" width="153">18.94%</td> <td align="center" valign="bottom" width="102">1,518,780</td> <td align="center" valign="bottom" width="127">3.88%</td> <td align="center" valign="bottom" width="88">$67.01</td> <td align="center" valign="bottom" width="100">$66.28</td></tr>
<tr> <td align="center" valign="bottom" width="121">YELP</td> <td align="center" valign="bottom" width="68">AMC</td> <td align="center" valign="bottom" width="144">$45.00</td> <td align="center" valign="bottom" width="153">15.66%</td> <td align="center" valign="bottom" width="102">2,015,850</td> <td align="center" valign="bottom" width="127">15.99%</td> <td align="center" valign="bottom" width="89">$44.02</td> <td align="center" valign="bottom" width="100">$44.04</td></tr>
</tbody></table>
<br />
<b></b> <br />
<b><u>Thursday, November 2:</u></b><br />
Economic: Chain Store Sales, Challenger Job-Cut Report – 7:30, Weekly Jobless Claims – 8:30, Productivity and Costs – 8:30, , Bloomberg Consumer Comfort Index – 9:45, EIA Natural Gas Report – 10:30, Money Supply – 4:30. <br />
<br />
International: Germany PMI Manufacturing Index – 455, Eurozone PMI Manufacturing Index – 5:00AM. <br />
<br />
Earnings: <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 927px;"> <tbody>
<tr> <td align="center" valign="bottom" width="126"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="67"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="139"><b><u>10/27 CLOSE</u></b></td> <td align="center" valign="bottom" width="158"><b><u>SHORT INT%</u></b></td> <td align="center" valign="bottom" width="102"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="130"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="86"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="109"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="126">ABC</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$78.77</td> <td align="center" valign="bottom" width="158">3.40%</td> <td align="center" valign="bottom" width="102">1,711,590</td> <td align="center" valign="bottom" width="130">6.75%</td> <td align="center" valign="bottom" width="86">$80.97</td> <td align="center" valign="bottom" width="109">$81.64</td></tr>
<tr> <td align="center" valign="bottom" width="126">ADP</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$117.30</td> <td align="center" valign="bottom" width="158">2.23%</td> <td align="center" valign="bottom" width="102">4,309,180</td> <td align="center" valign="bottom" width="130">5.96%</td> <td align="center" valign="bottom" width="86">$115.38</td> <td align="center" valign="bottom" width="109">$112.07</td></tr>
<tr> <td align="center" valign="bottom" width="126">ALL</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$93.96</td> <td align="center" valign="bottom" width="158">0.88%</td> <td align="center" valign="bottom" width="102">2,029,120</td> <td align="center" valign="bottom" width="130">3.17%</td> <td align="center" valign="bottom" width="86">$92.70</td> <td align="center" valign="bottom" width="109">$92.14</td></tr>
<tr> <td align="center" valign="bottom" width="126">ALR</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$50.99</td> <td align="center" valign="bottom" width="158">7.11%</td> <td align="center" valign="bottom" width="102">1,523,300</td> <td align="center" valign="bottom" width="130">3.13%</td> <td align="center" valign="bottom" width="86">$50.35</td> <td align="center" valign="bottom" width="109">$49.39</td></tr>
<tr> <td align="center" valign="bottom" width="126">AN</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$47.77</td> <td align="center" valign="bottom" width="158">10.80%</td> <td align="center" valign="bottom" width="102">1,519,450</td> <td align="center" valign="bottom" width="130">3.99%</td> <td align="center" valign="bottom" width="86">$45.41</td> <td align="center" valign="bottom" width="109">$46.41</td></tr>
<tr> <td align="center" valign="bottom" width="126">APA</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$39.59</td> <td align="center" valign="bottom" width="158">7.26%</td> <td align="center" valign="bottom" width="102">3,683,130</td> <td align="center" valign="bottom" width="130">5.06%</td> <td align="center" valign="bottom" width="86">$41.30</td> <td align="center" valign="bottom" width="109">$42.92</td></tr>
<tr> <td align="center" valign="bottom" width="126">BABA</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$170.32</td> <td align="center" valign="bottom" width="158">8.92%</td> <td align="center" valign="bottom" width="102">18,040,300</td> <td align="center" valign="bottom" width="130">2.68%</td> <td align="center" valign="bottom" width="86">$175.56</td> <td align="center" valign="bottom" width="109">$175.62</td></tr>
<tr> <td align="center" valign="bottom" width="126">BDX</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$209.84</td> <td align="center" valign="bottom" width="158">1.96%</td> <td align="center" valign="bottom" width="102">1,134,670</td> <td align="center" valign="bottom" width="130">0.80%</td> <td align="center" valign="bottom" width="86">$207.65</td> <td align="center" valign="bottom" width="109">$203.12</td></tr>
<tr> <td align="center" valign="bottom" width="126">BLL</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$42.73</td> <td align="center" valign="bottom" width="158">7.43%</td> <td align="center" valign="bottom" width="102">2,088,440</td> <td align="center" valign="bottom" width="130">3.61%</td> <td align="center" valign="bottom" width="86">$42.39</td> <td align="center" valign="bottom" width="109">$41.84</td></tr>
<tr> <td align="center" valign="bottom" width="126">CAB</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$61.50</td> <td align="center" valign="bottom" width="158">14.11%</td> <td align="center" valign="bottom" width="102">1,276,250</td> <td align="center" valign="bottom" width="130">2.80%</td> <td align="center" valign="bottom" width="86">$61.39</td> <td align="center" valign="bottom" width="109">$56.73</td></tr>
<tr> <td align="center" valign="bottom" width="126">CHD</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$45.76</td> <td align="center" valign="bottom" width="158">5.71%</td> <td align="center" valign="bottom" width="102">1,421,300</td> <td align="center" valign="bottom" width="130">4.15%</td> <td align="center" valign="bottom" width="86">$46.78</td> <td align="center" valign="bottom" width="109">$47.30</td></tr>
<tr> <td align="center" valign="bottom" width="126">CI</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$198.75</td> <td align="center" valign="bottom" width="158">1.04%</td> <td align="center" valign="bottom" width="102">1,268,920</td> <td align="center" valign="bottom" width="130">1.21%</td> <td align="center" valign="bottom" width="86">$190.91</td> <td align="center" valign="bottom" width="109">$191.13</td></tr>
<tr> <td align="center" valign="bottom" width="126">CNQ</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$32.83</td> <td align="center" valign="bottom" width="158">2.50%</td> <td align="center" valign="bottom" width="102">1,812,820</td> <td align="center" valign="bottom" width="130">3.92%</td> <td align="center" valign="bottom" width="86">$32.91</td> <td align="center" valign="bottom" width="109">$33.30</td></tr>
<tr> <td align="center" valign="bottom" width="126">DLPH</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$99.07</td> <td align="center" valign="bottom" width="158">2.23%</td> <td align="center" valign="bottom" width="102">1,607,670</td> <td align="center" valign="bottom" width="130">2.92%</td> <td align="center" valign="bottom" width="86">$97.74</td> <td align="center" valign="bottom" width="109">$99.96</td></tr>
<tr> <td align="center" valign="bottom" width="126">ENB</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$37.96</td> <td align="center" valign="bottom" width="158">1.47%</td> <td align="center" valign="bottom" width="102">1,844,330</td> <td align="center" valign="bottom" width="130">0.98%</td> <td align="center" valign="bottom" width="86">$39.83</td> <td align="center" valign="bottom" width="109">$39.95</td></tr>
<tr> <td align="center" valign="bottom" width="126">EXC</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$39.88</td> <td align="center" valign="bottom" width="158">2.65%</td> <td align="center" valign="bottom" width="102">4,813,300</td> <td align="center" valign="bottom" width="130">0.86%</td> <td align="center" valign="bottom" width="86">$39.71</td> <td align="center" valign="bottom" width="109">$38.59</td></tr>
<tr> <td align="center" valign="bottom" width="126">ICE</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$65.61</td> <td align="center" valign="bottom" width="158">1.18%</td> <td align="center" valign="bottom" width="102">2,346,080</td> <td align="center" valign="bottom" width="130">2.56%</td> <td align="center" valign="bottom" width="86">$66.96</td> <td align="center" valign="bottom" width="109">$68.08</td></tr>
<tr> <td align="center" valign="bottom" width="126">LNC</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$76.99</td> <td align="center" valign="bottom" width="158">1.78%</td> <td align="center" valign="bottom" width="102">1,255,760</td> <td align="center" valign="bottom" width="130">1.14%</td> <td align="center" valign="bottom" width="86">$75.64</td> <td align="center" valign="bottom" width="109">$74.57</td></tr>
<tr> <td align="center" valign="bottom" width="126">NWL</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$40.40</td> <td align="center" valign="bottom" width="158">18.39%</td> <td align="center" valign="bottom" width="102">4,726,930</td> <td align="center" valign="bottom" width="130">4.60%</td> <td align="center" valign="bottom" width="86">$41.12</td> <td align="center" valign="bottom" width="109">$41.95</td></tr>
<tr> <td align="center" valign="bottom" width="126">PCG</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$56.74</td> <td align="center" valign="bottom" width="158">1.05%</td> <td align="center" valign="bottom" width="102">4,108,360</td> <td align="center" valign="bottom" width="130">0.56%</td> <td align="center" valign="bottom" width="86">$56.77</td> <td align="center" valign="bottom" width="109">$59.75</td></tr>
<tr> <td align="center" valign="bottom" width="126">PWR</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$37.83</td> <td align="center" valign="bottom" width="158">5.46%</td> <td align="center" valign="bottom" width="102">1,414,400</td> <td align="center" valign="bottom" width="130">1.96%</td> <td align="center" valign="bottom" width="86">$37.52</td> <td align="center" valign="bottom" width="109">$37.58</td></tr>
<tr> <td align="center" valign="bottom" width="126">RL</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$91.26</td> <td align="center" valign="bottom" width="158">7.78%</td> <td align="center" valign="bottom" width="102">1,268,510</td> <td align="center" valign="bottom" width="130">8.16%</td> <td align="center" valign="bottom" width="86">$88.25</td> <td align="center" valign="bottom" width="109">$88.05</td></tr>
<tr> <td align="center" valign="bottom" width="126">SNY</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$47.54</td> <td align="center" valign="bottom" width="158">0.19%</td> <td align="center" valign="bottom" width="102">1,080,140</td> <td align="center" valign="bottom" width="130">1.73%</td> <td align="center" valign="bottom" width="86">$49.16</td> <td align="center" valign="bottom" width="109">$48.94</td></tr>
<tr> <td align="center" valign="bottom" width="126">TDC</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$32.57</td> <td align="center" valign="bottom" width="158">12.90%</td> <td align="center" valign="bottom" width="102">1,453,800</td> <td align="center" valign="bottom" width="130">8.35%</td> <td align="center" valign="bottom" width="86">$32.53</td> <td align="center" valign="bottom" width="109">$33.03</td></tr>
<tr> <td align="center" valign="bottom" width="126">TRGP</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$40.69</td> <td align="center" valign="bottom" width="158">13.66%</td> <td align="center" valign="bottom" width="102">1,480,830</td> <td align="center" valign="bottom" width="130">1.91%</td> <td align="center" valign="bottom" width="86">$43.72</td> <td align="center" valign="bottom" width="109">$44.16</td></tr>
<tr> <td align="center" valign="bottom" width="126">VMC</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$123.01</td> <td align="center" valign="bottom" width="158">2.42%</td> <td align="center" valign="bottom" width="102">1,266,250</td> <td align="center" valign="bottom" width="130">3.43%</td> <td align="center" valign="bottom" width="86">$119.94</td> <td align="center" valign="bottom" width="109">$119.27</td></tr>
<tr> <td align="center" valign="bottom" width="126">W</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$63.83</td> <td align="center" valign="bottom" width="158">38.03%</td> <td align="center" valign="bottom" width="102">1,616,780</td> <td align="center" valign="bottom" width="130">6.37%</td> <td align="center" valign="bottom" width="86">$67.31</td> <td align="center" valign="bottom" width="109">$73.75</td></tr>
<tr> <td align="center" valign="bottom" width="126">WRK</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$60.47</td> <td align="center" valign="bottom" width="158">2.20%</td> <td align="center" valign="bottom" width="102">1,403,460</td> <td align="center" valign="bottom" width="130">1.75%</td> <td align="center" valign="bottom" width="86">$60.06</td> <td align="center" valign="bottom" width="109">$58.09</td></tr>
<tr> <td align="center" valign="bottom" width="126">YUM</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$75.87</td> <td align="center" valign="bottom" width="158">2.18%</td> <td align="center" valign="bottom" width="102">1,835,370</td> <td align="center" valign="bottom" width="130">1.81%</td> <td align="center" valign="bottom" width="86">$75.80</td> <td align="center" valign="bottom" width="109">$74.77</td></tr>
<tr> <td align="center" valign="bottom" width="126">ZTS</td> <td align="center" valign="bottom" width="67">BMO</td> <td align="center" valign="bottom" width="139">$63.74</td> <td align="center" valign="bottom" width="158">1.06%</td> <td align="center" valign="bottom" width="102">2,120,240</td> <td align="center" valign="bottom" width="130">5.09%</td> <td align="center" valign="bottom" width="86">$65.24</td> <td align="center" valign="bottom" width="109">$64.56</td></tr>
<tr> <td align="center" valign="bottom" width="126">AAPL</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$157.41</td> <td align="center" valign="bottom" width="158">0.78%</td> <td align="center" valign="bottom" width="102">27,509,400</td> <td align="center" valign="bottom" width="130">3.48%</td> <td align="center" valign="bottom" width="86">$157.64</td> <td align="center" valign="bottom" width="109">$155.01</td></tr>
<tr> <td align="center" valign="bottom" width="126">AIG</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$64.85</td> <td align="center" valign="bottom" width="158">1.25%</td> <td align="center" valign="bottom" width="102">5,083,100</td> <td align="center" valign="bottom" width="130">2.89%</td> <td align="center" valign="bottom" width="86">$64.42</td> <td align="center" valign="bottom" width="109">$62.78</td></tr>
<tr> <td align="center" valign="bottom" width="126">AKRX</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$32.84</td> <td align="center" valign="bottom" width="158">20.01%</td> <td align="center" valign="bottom" width="102">2,371,840</td> <td align="center" valign="bottom" width="130">2.55%</td> <td align="center" valign="bottom" width="86">$33.19</td> <td align="center" valign="bottom" width="109">$32.77</td></tr>
<tr> <td align="center" valign="bottom" width="126">ALNY</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$114.49</td> <td align="center" valign="bottom" width="158">10.50%</td> <td align="center" valign="bottom" width="102">1,304,250</td> <td align="center" valign="bottom" width="130">8.16%</td> <td align="center" valign="bottom" width="86">$117.60</td> <td align="center" valign="bottom" width="109">$117.14</td></tr>
<tr> <td align="center" valign="bottom" width="126">ATVI</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$62.06</td> <td align="center" valign="bottom" width="158">1.80%</td> <td align="center" valign="bottom" width="102">5,799,050</td> <td align="center" valign="bottom" width="130">3.45%</td> <td align="center" valign="bottom" width="86">$61.84</td> <td align="center" valign="bottom" width="109">$62.66</td></tr>
<tr> <td align="center" valign="bottom" width="126">CBS</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$57.04</td> <td align="center" valign="bottom" width="158">3.75%</td> <td align="center" valign="bottom" width="102">3,163,470</td> <td align="center" valign="bottom" width="130">1.96%</td> <td align="center" valign="bottom" width="86">$57.34</td> <td align="center" valign="bottom" width="109">$58.48</td></tr>
<tr> <td align="center" valign="bottom" width="126">CC</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$56.61</td> <td align="center" valign="bottom" width="158">4.75%</td> <td align="center" valign="bottom" width="102">1,937,830</td> <td align="center" valign="bottom" width="130">2.23%</td> <td align="center" valign="bottom" width="86">$56.44</td> <td align="center" valign="bottom" width="109">$53.81</td></tr>
<tr> <td align="center" valign="bottom" width="126">CRUS</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$54.26</td> <td align="center" valign="bottom" width="158">7.56%</td> <td align="center" valign="bottom" width="102">1,023,520</td> <td align="center" valign="bottom" width="130">6.86%</td> <td align="center" valign="bottom" width="86">$53.94</td> <td align="center" valign="bottom" width="109">$52.94</td></tr>
<tr> <td align="center" valign="bottom" width="126">ED</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$85.50</td> <td align="center" valign="bottom" width="158">5.16%</td> <td align="center" valign="bottom" width="102">1,436,380</td> <td align="center" valign="bottom" width="130">0.72%</td> <td align="center" valign="bottom" width="86">$84.47</td> <td align="center" valign="bottom" width="109">$83.07</td></tr>
<tr> <td align="center" valign="bottom" width="126">FLR</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$42.69</td> <td align="center" valign="bottom" width="158">5.41%</td> <td align="center" valign="bottom" width="102">1,691,150</td> <td align="center" valign="bottom" width="130">6.72%</td> <td align="center" valign="bottom" width="86">$42.70</td> <td align="center" valign="bottom" width="109">$42.08</td></tr>
<tr> <td align="center" valign="bottom" width="126">HLF</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$71.23</td> <td align="center" valign="bottom" width="158">36.18%</td> <td align="center" valign="bottom" width="102">1,554,530</td> <td align="center" valign="bottom" width="130">5.35%</td> <td align="center" valign="bottom" width="86">$74.89</td> <td align="center" valign="bottom" width="109">$73.25</td></tr>
<tr> <td align="center" valign="bottom" width="126">LNT</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$43.38</td> <td align="center" valign="bottom" width="158">1.91%</td> <td align="center" valign="bottom" width="102">1,141,380</td> <td align="center" valign="bottom" width="130">0.87%</td> <td align="center" valign="bottom" width="86">$43.46</td> <td align="center" valign="bottom" width="109">$42.51</td></tr>
<tr> <td align="center" valign="bottom" width="126">LYV</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$42.26</td> <td align="center" valign="bottom" width="158">4.47%</td> <td align="center" valign="bottom" width="102">1,819,320</td> <td align="center" valign="bottom" width="130">4.35%</td> <td align="center" valign="bottom" width="86">$42.47</td> <td align="center" valign="bottom" width="109">$42.58</td></tr>
<tr> <td align="center" valign="bottom" width="126">MNST</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$56.75</td> <td align="center" valign="bottom" width="158">1.69%</td> <td align="center" valign="bottom" width="102">1,824,830</td> <td align="center" valign="bottom" width="130">3.42%</td> <td align="center" valign="bottom" width="86">$56.38</td> <td align="center" valign="bottom" width="109">$55.62</td></tr>
<tr> <td align="center" valign="bottom" width="126">MOH</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$65.53</td> <td align="center" valign="bottom" width="158">18.08%</td> <td align="center" valign="bottom" width="102">1,175,180</td> <td align="center" valign="bottom" width="130">5.64%</td> <td align="center" valign="bottom" width="86">$63.85</td> <td align="center" valign="bottom" width="109">$63.88</td></tr>
<tr> <td align="center" valign="bottom" width="126">SBUX</td> <td align="center" valign="bottom" width="67">AMC</td> <td align="center" valign="bottom" width="139">$54.91</td> <td align="center" valign="bottom" width="158">1.89%</td> <td align="center" valign="bottom" width="102">10,265,100</td> <td align="center" valign="bottom" width="130">3.01%</td> <td align="center" valign="bottom" width="86">$54.79</td> <td align="center" valign="bottom" width="109">$54.90</td></tr>
</tbody></table>
<br />
<b><u>Friday, November 3:</u></b><br />
Economic: October Employment Situation Report – 8:30, International Trade = 8:30, PMI Services Index – 9:45, Factory Orders – 10:00, ISM Non-Manufacturing Index – 10:00, Baker Hughes Rig Count <br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk479354457"></a><a href="https://draft.blogger.com/null" name="_Hlk478788524"></a><a href="https://draft.blogger.com/null" name="_Hlk487913048"></a><a href="https://draft.blogger.com/null" name="_Hlk481914915"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a>International: No major announcements. <br />
<br />
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to participate in moderated Q&A with Women in Housing and Finance, in Washington, with audience Q&A – 12:30PM. <br />
<br />
Earnings: <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 923px;"> <tbody>
<tr> <td align="center" valign="bottom" width="126"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="84"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="118"><b><u>10/27 CLOSE</u></b></td> <td align="center" valign="bottom" width="130"><b><u>SHORT INT%</u></b></td> <td align="center" valign="bottom" width="136"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="131"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="94"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="94"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="126">AEE</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$61.38</td> <td align="center" valign="bottom" width="130">2.39%</td> <td align="center" valign="bottom" width="136">1,326,400</td> <td align="center" valign="bottom" width="131">0.81%</td> <td align="center" valign="bottom" width="94">$61.21</td> <td align="center" valign="bottom" width="94">$59.76</td></tr>
<tr> <td align="center" valign="bottom" width="126">CBG</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$39.59</td> <td align="center" valign="bottom" width="130">2.55%</td> <td align="center" valign="bottom" width="136">1,626,470</td> <td align="center" valign="bottom" width="131">4.28%</td> <td align="center" valign="bottom" width="94">$39.67</td> <td align="center" valign="bottom" width="94">$38.69</td></tr>
<tr> <td align="center" valign="bottom" width="126">CNK</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$36.78</td> <td align="center" valign="bottom" width="130">3.63%</td> <td align="center" valign="bottom" width="136">1,367,710</td> <td align="center" valign="bottom" width="131">1.05%</td> <td align="center" valign="bottom" width="94">$35.95</td> <td align="center" valign="bottom" width="94">$37.10</td></tr>
<tr> <td align="center" valign="bottom" width="126">DUK</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$87.36</td> <td align="center" valign="bottom" width="130">3.00%</td> <td align="center" valign="bottom" width="136">2,227,390</td> <td align="center" valign="bottom" width="131">0.94%</td> <td align="center" valign="bottom" width="94">$87.49</td> <td align="center" valign="bottom" width="94">$85.97</td></tr>
<tr> <td align="center" valign="bottom" width="126">EOG</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$96.92</td> <td align="center" valign="bottom" width="130">2.91%</td> <td align="center" valign="bottom" width="136">2,760,990</td> <td align="center" valign="bottom" width="131">0.61%</td> <td align="center" valign="bottom" width="94">$96.71</td> <td align="center" valign="bottom" width="94">$95.80</td></tr>
<tr> <td align="center" valign="bottom" width="126">RLGY</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$32.37</td> <td align="center" valign="bottom" width="130">2.12%</td> <td align="center" valign="bottom" width="136">1,307,490</td> <td align="center" valign="bottom" width="131">3.25%</td> <td align="center" valign="bottom" width="94">$32.65</td> <td align="center" valign="bottom" width="94">$33.24</td></tr>
<tr> <td align="center" valign="bottom" width="126">XRAY</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="118">$61.37</td> <td align="center" valign="bottom" width="130">3.62%</td> <td align="center" valign="bottom" width="136">2,054,850</td> <td align="center" valign="bottom" width="131">3.26%</td> <td align="center" valign="bottom" width="94">$60.42</td> <td align="center" valign="bottom" width="95">$58.57</td></tr>
</tbody></table>
<br />
<b><u>Monday, November 6:</u></b><br />
<a href="https://draft.blogger.com/null" name="_Hlk4819149151"></a><a href="https://draft.blogger.com/null" name="_Hlk4811596471"></a><a href="https://draft.blogger.com/null" name="_Hlk4806269611"></a><a href="https://draft.blogger.com/null" name="_Hlk4831409841"></a>Economic: TD Ameritrade IMX - 12:30. <br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk4879130481"></a>International: Germany Manufacturers’ Orders – 2:00AM. <br />
Other: New York Federal Reserve Bank President William Dudley will speak about Lessons from the Financial Crisis at a luncheon event at the Economic Club of New York, with moderated Q&A, in New York – 12:30PM. <br />
<br />
Earnings: <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 925px;"> <tbody>
<tr> <td align="center" valign="bottom" width="126"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="87"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="119"><b><u>10/27 CLOSE</u></b></td> <td align="center" valign="bottom" width="125"><b><u>SHORT INT%</u></b></td> <td align="center" valign="bottom" width="127"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="112"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="110"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="109"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="126">CAH</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$64.75</td> <td align="center" valign="bottom" width="125">2.04%</td> <td align="center" valign="bottom" width="127">2,233,600</td> <td align="center" valign="bottom" width="112">2.05%</td> <td align="center" valign="bottom" width="110">$65.71</td> <td align="center" valign="bottom" width="109">$66.59</td></tr>
<tr> <td align="center" valign="bottom" width="126">CTLT</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$42.58</td> <td align="center" valign="bottom" width="125">5.54%</td> <td align="center" valign="bottom" width="127">1,138,840</td> <td align="center" valign="bottom" width="112">6.55%</td> <td align="center" valign="bottom" width="110">$42.40</td> <td align="center" valign="bottom" width="109">$40.98</td></tr>
<tr> <td align="center" valign="bottom" width="126">CVS</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$73.31</td> <td align="center" valign="bottom" width="125">1.36%</td> <td align="center" valign="bottom" width="127">5,744,370</td> <td align="center" valign="bottom" width="112">2.15%</td> <td align="center" valign="bottom" width="110">$74.36</td> <td align="center" valign="bottom" width="109">$76.39</td></tr>
<tr> <td align="center" valign="bottom" width="126">KORS</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$49.76</td> <td align="center" valign="bottom" width="125">6.69%</td> <td align="center" valign="bottom" width="127">2,237,780</td> <td align="center" valign="bottom" width="112">9.65%</td> <td align="center" valign="bottom" width="110">$49.20</td> <td align="center" valign="bottom" width="109">$47.81</td></tr>
<tr> <td align="center" valign="bottom" width="126">MYL</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$38.57</td> <td align="center" valign="bottom" width="125">5.23%</td> <td align="center" valign="bottom" width="127">7,222,180</td> <td align="center" valign="bottom" width="112">1.27%</td> <td align="center" valign="bottom" width="110">$38.40</td> <td align="center" valign="bottom" width="109">$35.19</td></tr>
<tr> <td align="center" valign="bottom" width="126">SYY</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$54.86</td> <td align="center" valign="bottom" width="125">4.27%</td> <td align="center" valign="bottom" width="127">2,443,960</td> <td align="center" valign="bottom" width="112">1.74%</td> <td align="center" valign="bottom" width="110">$54.76</td> <td align="center" valign="bottom" width="109">$54.22</td></tr>
<tr> <td align="center" valign="bottom" width="126">CAR</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$41.29</td> <td align="center" valign="bottom" width="125">51.48%</td> <td align="center" valign="bottom" width="127">2,831,590</td> <td align="center" valign="bottom" width="112">10.96%</td> <td align="center" valign="bottom" width="110">$41.20</td> <td align="center" valign="bottom" width="109">$39.38</td></tr>
<tr> <td align="center" valign="bottom" width="126">FANG</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$100.88</td> <td align="center" valign="bottom" width="125">5.30%</td> <td align="center" valign="bottom" width="127">1,205,020</td> <td align="center" valign="bottom" width="112">1.22%</td> <td align="center" valign="bottom" width="110">$101.47</td> <td align="center" valign="bottom" width="109">$99.43</td></tr>
<tr> <td align="center" valign="bottom" width="126">FMC</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$93.14</td> <td align="center" valign="bottom" width="125">8.70%</td> <td align="center" valign="bottom" width="127">1,108,850</td> <td align="center" valign="bottom" width="112">7.19%</td> <td align="center" valign="bottom" width="110">$94.06</td> <td align="center" valign="bottom" width="109">$90.28</td></tr>
<tr> <td align="center" valign="bottom" width="126">GDDY</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$45.75</td> <td align="center" valign="bottom" width="125">30.17%</td> <td align="center" valign="bottom" width="127">1,442,080</td> <td align="center" valign="bottom" width="112">3.93%</td> <td align="center" valign="bottom" width="110">$44.71</td> <td align="center" valign="bottom" width="109">$44.31</td></tr>
<tr> <td align="center" valign="bottom" width="126">KNX</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$41.38</td> <td align="center" valign="bottom" width="125">14.86%</td> <td align="center" valign="bottom" width="127">2,260,040</td> <td align="center" valign="bottom" width="112">3.43%</td> <td align="center" valign="bottom" width="110">$39.78</td> <td align="center" valign="bottom" width="109">$39.94</td></tr>
<tr> <td align="center" valign="bottom" width="126">LVLT</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$52.85</td> <td align="center" valign="bottom" width="125">1.52%</td> <td align="center" valign="bottom" width="127">2,675,280</td> <td align="center" valign="bottom" width="112">3.56%</td> <td align="center" valign="bottom" width="110">$53.49</td> <td align="center" valign="bottom" width="109">$54.12</td></tr>
<tr> <td align="center" valign="bottom" width="126">MCHP</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$93.12</td> <td align="center" valign="bottom" width="125">12.11%</td> <td align="center" valign="bottom" width="127">1,808,790</td> <td align="center" valign="bottom" width="112">3.13%</td> <td align="center" valign="bottom" width="110">$92.46</td> <td align="center" valign="bottom" width="109">$90.92</td></tr>
<tr> <td align="center" valign="bottom" width="126">PDCE</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$46.25</td> <td align="center" valign="bottom" width="125">10.91%</td> <td align="center" valign="bottom" width="127">1,014,680</td> <td align="center" valign="bottom" width="112">4.09%</td> <td align="center" valign="bottom" width="110">$47.40</td> <td align="center" valign="bottom" width="109">$47.71</td></tr>
<tr> <td align="center" valign="bottom" width="126">QGEN</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$33.71</td> <td align="center" valign="bottom" width="125">1.55%</td> <td align="center" valign="bottom" width="127">1,201,430</td> <td align="center" valign="bottom" width="112">2.45%</td> <td align="center" valign="bottom" width="110">$34.12</td> <td align="center" valign="bottom" width="109">$33.78</td></tr>
<tr> <td align="center" valign="bottom" width="126">RSPP</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$32.00</td> <td align="center" valign="bottom" width="125">12.01%</td> <td align="center" valign="bottom" width="127">2,048,160</td> <td align="center" valign="bottom" width="112">3.38%</td> <td align="center" valign="bottom" width="110">$33.13</td> <td align="center" valign="bottom" width="109">$33.12</td></tr>
<tr> <td align="center" valign="bottom" width="126">SWKS</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$105.52</td> <td align="center" valign="bottom" width="125">4.94%</td> <td align="center" valign="bottom" width="127">1,500,290</td> <td align="center" valign="bottom" width="112">2.40%</td> <td align="center" valign="bottom" width="110">$105.69</td> <td align="center" valign="bottom" width="109">$103.26</td></tr>
<tr> <td align="center" valign="bottom" width="126">TRIP</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$37.75</td> <td align="center" valign="bottom" width="125">20.21%</td> <td align="center" valign="bottom" width="127">3,024,210</td> <td align="center" valign="bottom" width="112">6.73%</td> <td align="center" valign="bottom" width="110">$39.47</td> <td align="center" valign="bottom" width="109">$40.95</td></tr>
<tr> <td align="center" valign="bottom" width="126">WTW</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$44.63</td> <td align="center" valign="bottom" width="125">71.96%</td> <td align="center" valign="bottom" width="127">1,443,700</td> <td align="center" valign="bottom" width="112">17.20%</td> <td align="center" valign="bottom" width="110">$45.96</td> <td align="center" valign="bottom" width="109">$44.97</td></tr>
<tr> <td align="center" valign="bottom" width="126">ZAYO</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="119">$35.75</td> <td align="center" valign="bottom" width="125">3.31%</td> <td align="center" valign="bottom" width="127">2,083,820</td> <td align="center" valign="bottom" width="112">2.21%</td> <td align="center" valign="bottom" width="110">$35.63</td> <td align="center" valign="bottom" width="109">$35.13</td></tr>
</tbody></table>
<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-87692960879759421872017-09-17T21:46:00.001-05:002017-09-17T21:52:44.997-05:00Market News for the Prepared Mind: 9.18 – 9.25.2017<br />
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"Chance favors the Prepared Mind." - Louis Pasteur</div>
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“If I panic, everyone else panics.” – Kobe Bryant</div>
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“Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.” – Ron Chernow</div>
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“Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them.” - Jim Cramer</div>
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“Panic is a natural human response to danger, but it's one that severely compounds the risk” – David Ignatius</div>
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Investors were caught of guard last week. September is historically a very poor performing month. There have been litanies of problems: Hurricane Irma, North Korea, Hurricane Andrew, Bitcoin, and North Korea. What happened?</div>
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The Dow hit record highs four days in a row. The S&P 500 closed the week at another new record high – up 1.58% for the week. The other major indexes turned in equally stellar performances. The small-cap dominated Russell 2000 led the way with gains of 2.31%. The rally left the cognoscenti struggling for explanations.</div>
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Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 992px;"> <tbody>
<tr> <td align="center" valign="bottom" width="328"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="86"><b><u>15-Sep</u></b></td> <td align="center" valign="bottom" width="109"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="143"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="144"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="176"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="328">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="86">22268.34</td> <td align="center" valign="bottom" width="109">470.55</td> <td align="center" valign="bottom" width="143">2.16%</td> <td align="center" valign="bottom" width="144">12.68%</td> <td align="center" valign="bottom" width="176">9.84% (VXD)</td></tr>
<tr> <td valign="bottom" width="328">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="86">2500.23</td> <td align="center" valign="bottom" width="109">38.80</td> <td align="center" valign="bottom" width="143">1.58%</td> <td align="center" valign="bottom" width="144">11.70%</td> <td align="center" valign="bottom" width="176">10.17% (VIX)</td></tr>
<tr> <td valign="bottom" width="328">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="86">5988.00</td> <td align="center" valign="bottom" width="109">74.33</td> <td align="center" valign="bottom" width="143">1.26%</td> <td align="center" valign="bottom" width="144">23.12%</td> <td align="center" valign="bottom" width="176">12.51% (VXN)</td></tr>
<tr> <td valign="bottom" width="328">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="86">1431.72</td> <td align="center" valign="bottom" width="109">32.30</td> <td align="center" valign="bottom" width="143">2.31%</td> <td align="center" valign="bottom" width="144">5.50%</td> <td align="center" valign="bottom" width="176">11.83%(RVX)</td></tr>
<tr> <td valign="bottom" width="328">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="86">1105.11</td> <td align="center" valign="bottom" width="109">18.13</td> <td align="center" valign="bottom" width="143">1.67%</td> <td align="center" valign="bottom" width="144">11.47%</td> <td align="center" valign="bottom" width="176">7.80%(VXO)</td></tr>
<tr> <td valign="bottom" width="328">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="86">4603.58</td> <td align="center" valign="bottom" width="109">42.71</td> <td align="center" valign="bottom" width="143">0.94%</td> <td align="center" valign="bottom" width="144">13.63%</td> <td align="center" valign="bottom" width="176">NA</td></tr>
<tr> <td valign="bottom" width="328">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="86">50.37</td> <td align="center" valign="bottom" width="109">2.81</td> <td align="center" valign="bottom" width="143">5.91%</td> <td align="center" valign="bottom" width="144">-6.53%</td> <td align="center" valign="bottom" width="176">26.65%(OVX)</td></tr>
<tr> <td valign="bottom" width="328">Gold (GCZ7)</td> <td align="center" valign="bottom" width="86">1323.50</td> <td align="center" valign="bottom" width="109">(27.70)</td> <td align="center" valign="bottom" width="143">-2.05%</td> <td align="center" valign="bottom" width="144">14.89%</td> <td align="center" valign="bottom" width="176">12.06 (GVZ)</td></tr>
<tr> <td valign="bottom" width="328">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="86">10.17</td> <td align="center" valign="bottom" width="109">(1.95)</td> <td align="center" valign="bottom" width="143">-16.09%</td> <td align="center" valign="bottom" width="144">NA</td> <td align="center" valign="bottom" width="176"></td></tr>
</tbody></table>
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<b>Data Source: OptionVue8</b><br />
<b></b> <br />
The biggest news on the VIX front is the return of Russell Rhoads blogging at <a href="http://www.cboe.com/blogs">http://www.cboe.com/blogs </a>about the VIX and associated volatility issues. Of special interest are his series of reports from the CBOE Risk Management Conference.<br />
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The monthly September VIX Futures contract goes off the board on the open Wednesday.<br />
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<a href="https://draft.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<b> </b> <br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 893px;"> <tbody>
<tr> <td align="center" width="424"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="86"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="96"><b><u>15-Sep</u></b></td> <td align="center" valign="bottom" width="85"><b><u>8-Sep</u></b></td> <td align="center" valign="bottom" width="89"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="108"><b><u>% Change</u></b></td></tr>
<tr> <td width="424">CBOE Volatility Index</td> <td align="center" valign="bottom" width="86">VIX</td> <td align="center" valign="bottom" width="96">10.170</td> <td align="center" valign="bottom" width="85">12.125</td> <td align="center" valign="bottom" width="89">-1.955</td> <td align="center" valign="bottom" width="108">-16.12%</td></tr>
<tr> <td width="424">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="86">VXU7</td> <td align="center" valign="bottom" width="96">11.125</td> <td align="center" valign="bottom" width="85">13.275</td> <td align="center" valign="bottom" width="89">(2.15)</td> <td align="center" valign="bottom" width="108">-16.20%</td></tr>
<tr> <td width="424">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="86">VXV7</td> <td align="center" valign="bottom" width="96">12.925</td> <td align="center" valign="bottom" width="85">14.325</td> <td align="center" valign="bottom" width="89">(1.40)</td> <td align="center" valign="bottom" width="108">-9.77%</td></tr>
<tr> <td width="424">VIX November Future (11/15/2017)</td> <td align="center" valign="bottom" width="86">VXX7</td> <td align="center" valign="bottom" width="96">14.175</td> <td align="center" valign="bottom" width="85">14.875</td> <td align="center" valign="bottom" width="89">(0.70)</td> <td align="center" valign="bottom" width="108">-4.71%</td></tr>
<tr> <td width="424">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="86">VXST</td> <td align="center" valign="bottom" width="96">8.30</td> <td align="center" valign="bottom" width="85">11.29</td> <td align="center" valign="bottom" width="89">(2.99)</td> <td align="center" valign="bottom" width="108">-26.48%</td></tr>
<tr> <td width="424">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="86">VXV</td> <td align="center" valign="bottom" width="96">12.96</td> <td align="center" valign="bottom" width="85">14.69</td> <td align="center" valign="bottom" width="89">(1.73)</td> <td align="center" valign="bottom" width="108">-11.78%</td></tr>
<tr> <td width="424">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="86">VXMT</td> <td align="center" valign="bottom" width="96">15.09</td> <td align="center" valign="bottom" width="85">16.37</td> <td align="center" valign="bottom" width="89">(1.28)</td> <td align="center" valign="bottom" width="108">-7.82%</td></tr>
<tr> <td width="424">VIX of VIX</td> <td align="center" valign="bottom" width="86">VVIX</td> <td align="center" valign="bottom" width="96">90.63</td> <td align="center" valign="bottom" width="85">100.12</td> <td align="center" valign="bottom" width="89">(9.49)</td> <td align="center" valign="bottom" width="108">-9.48%</td></tr>
<tr> <td width="424">CBOE SKEW Index</td> <td align="center" valign="bottom" width="86">SKEW</td> <td align="center" valign="bottom" width="96">144.54</td> <td align="center" valign="bottom" width="85">135.39</td> <td align="center" valign="bottom" width="89">9.15</td> <td align="center" valign="bottom" width="108">6.76%</td></tr>
<tr> <td width="424"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="86"></td> <td align="center" valign="bottom" width="96"></td> <td align="center" valign="bottom" width="85"></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="108"></td></tr>
<tr> <td width="424">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="86">UVXY</td> <td align="center" valign="bottom" width="96">24.69</td> <td align="center" valign="bottom" width="85">31.83</td> <td align="center" valign="bottom" width="89">(7.14)</td> <td align="center" valign="bottom" width="108">-22.43%</td></tr>
<tr> <td width="424">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="86">VXX</td> <td align="center" valign="bottom" width="96">42.80</td> <td align="center" valign="bottom" width="85">48.52</td> <td align="center" valign="bottom" width="89">(5.72)</td> <td align="center" valign="bottom" width="108">-11.79%</td></tr>
<tr> <td width="424">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="86">VIXY</td> <td align="center" valign="bottom" width="96">35.57</td> <td align="center" valign="bottom" width="85">40.26</td> <td align="center" valign="bottom" width="89">(4.69)</td> <td align="center" valign="bottom" width="108">-11.65%</td></tr>
<tr> <td width="424">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="86">VXZ</td> <td align="center" valign="bottom" width="96">21.38</td> <td align="center" valign="bottom" width="85">22.47</td> <td align="center" valign="bottom" width="89">(1.09)</td> <td align="center" valign="bottom" width="108">-4.85%</td></tr>
<tr> <td width="424"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="86"></td> <td align="center" valign="bottom" width="96"></td> <td align="center" valign="bottom" width="85"></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="108"></td></tr>
<tr> <td width="424">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="86">SVXY</td> <td align="center" valign="bottom" width="96">86.04</td> <td align="center" valign="bottom" width="85">76.33</td> <td align="center" valign="bottom" width="89">9.71</td> <td align="center" valign="bottom" width="108">12.72%</td></tr>
<tr> <td width="424">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="86">XIV</td> <td align="center" valign="bottom" width="96">89.61</td> <td align="center" valign="bottom" width="85">79.70</td> <td align="center" valign="bottom" width="89">9.91</td> <td align="center" valign="bottom" width="108">12.43%</td></tr>
<tr> <td valign="bottom" width="424"><b>Data Source: OptionVue8</b></td> <td align="center" valign="bottom" width="86"></td> <td align="center" valign="bottom" width="96"></td> <td align="center" valign="bottom" width="85"></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="108"></td></tr>
</tbody></table>
<br />
<br />
This will be one of the most important weeks of the year when it comes to economic data. We are in the midst of a Central Bank bull market. The Federal Reserve holds its regularly scheduled meeting, and is expected to detail a timetable for reducing its balance sheet. We, also, get data on existing home sales and housing starts. The wild cards remain North Korea and the District of Columbia.<br />
<br />
The god’s are conspiring against me. I will include my usual scans of earnings announcements next week. There are very few earnings announcements this week. The highlights include: Adobe Systems, Autozone, Fedex, Bed Bath and Beyond, Analogic, General Mills, Herman Miller, and CarMax. 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.<br />
<br />
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“Ideas come and go, stories stay.” – Nassim Nicholas Taleb</div>
<div align="center">
<br /></div>
<div align="center">
“Bull There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market.” – Paul Tudor Jones</div>
<div align="center">
<br /></div>
<div align="center">
“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
<div align="center">
<br /></div>
<div align="center">
“Don’t give me timing, give me time.” – Jesse Livermore</div>
<div align="center">
<br /></div>
<div align="center">
“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> </div>
<div align="center">
<br /></div>
<strong></strong> <br />
<b><u>Monday, September 18:</u></b><br />
<b><u></u></b> <br />
Economic: Housing Market Index – 10:00.<br />
<br />
International: Eurozone HICP – 5:00 AM.<br />
<br />
Other: <b>Listen to Frank Fahey on "Stocks and Jocks" </b><b><span style="color: blue;"><a href="http://radio.securenetsystems.net/v5/SJRADIO">Listen Live</a></span></b><br />
<br />
<b><u>Tuesday, September 19:</u></b> <br />
<b><u></u></b> <br />
Economic: Housing Start – 8:30, Current Account - 8:30, Import and Export Prices – 8:30, Redbook – 8:55.<br />
<br />
International: Japan Merchandise Trade – 7:50 PM.<br />
<br />
Other: <b>FOMC meeting begins.</b> <br />
<b><br /></b> <b><u>Wednesday, September 20:</u></b> <br />
<b><u><br /></u></b> Economic: MBA Mortgage Applications – 7:00, Existing Homes Sales – 10:00, , EIA Petroleum Status Report – 10:30/<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk479355929">International Economic:</a> Germany –PPI – 2:00 AM, Great Britain Retail Sales – 4:30 AM.<br />
<br />
Other: <strong>FOMC Forecasts – 2:00 PM, Fed Chair Press Conference – 2:30 PM. </strong> September VIX Futures contract (VXU7) goes off the board on the open Wednesday.<br />
<br />
<b><u>Thursday, September 21:</u></b> <br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Philadelphia Fed Business Outlook Survey - 8:30, FHFA House Price Index – 9:00, Bloomberg Consumer Comfort Index – 9:45, Leading Indicators – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30.<br />
<br />
International: No major announcements.<br />
<br />
<b><u>Friday, September 22:</u></b> <br />
<b><u></u></b> <br />
<b><u></u></b> <br />
Economic: Retail Sales – 8:30, Empire State Manufacturing Survey – 8:30, Industrial Production – 9:15, Business Inventories – 10:--, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk479354457"></a><a href="https://draft.blogger.com/null" name="_Hlk478788524"></a><a href="https://draft.blogger.com/null" name="_Hlk487913048"></a><a href="https://draft.blogger.com/null" name="_Hlk481914915"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a><a href="https://draft.blogger.com/null" name="_Hlk480626961"></a><a href="https://draft.blogger.com/null" name="_Hlk483140984"></a>International: France GDP = 2:45 AM, France PMI Composite Flash – 3:00 AM, Germany PMI Composite Flash – 3:30 AM, Eurozone PMI Composite Flash - 4:00 AM.<br />
<br />
Other: San Francisco Federal Reserve Bank President John Williams to speak at the Swiss National Bank Research Conference 2017 - Monetary Policy Design, Conduct and Effects in Zurich, Switzerland, with media Q&A – 6:00 AM, Kansas City Federal Reserve Bank President Esther George to deliver the keynote at the "Global Oil Supply & Demand: Prospects for Greater Balance" Conference in Oklahoma City, with audience Q&A – 9:30 AM.<br />
<br />
<b><u>Monday, September 25:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
<a href="https://draft.blogger.com/null" name="_Hlk4819149151"></a><a href="https://draft.blogger.com/null" name="_Hlk4811596471"></a><a href="https://draft.blogger.com/null" name="_Hlk4806269611"></a><a href="https://draft.blogger.com/null" name="_Hlk4831409841"></a>Economic: Chicago Fed National Activity Index – 8:30, Dallas Fed Manufacturing Survey – 10:30.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk4879130481"></a>International: No major announcements.<br />
<br />
Other: New York Federal Reserve Bank President William Dudley will speak about workforce development at Onondaga Community College in Syracuse, New York, with audience Q&A – 8:30 AM, Chicago Federal Reserve Bank President Charles Evans to speak about current economic conditions or monetary policy at the Economic of Grand Rapids Luncheon Meeting, with audience and media Q&A, in Grand Rapids, Michigan – 12:40PM, Minneapolis Federal Reserve Bank President Neel Kashkari to participate in Eye of the Hawk Town Hall Event in Grand Forks, North Dakota, with audience Q&A. – 6:30PM.<br />
<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-49319949823389888902017-09-10T15:35:00.000-05:002017-09-17T21:52:17.087-05:00Market News for the Prepared Mind: 9.11 – 9.18.2017<div align="center">
<br /></div>
<div align="center">
“Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="center">
“Millions saw the apple fall, but Newton was the one who asked why.” – Bernard Baruch</div>
<div align="center">
<br /></div>
<div align="center">
“Panic causes tunnel vision.” – Simon Sinek</div>
<div align="center">
<br /></div>
<div align="center">
“A stock operator has to fight a lot of expensive enemies within himself – Jesse Livermore</div>
<div align="center">
<br /></div>
<div align="center">
“Panic is a natural human response to danger, but it's one that severely compounds the risk” – David Ignatius</div>
<div align="center">
<br /></div>
<div style="text-align: justify;">
The major indexes continue remain within easy striking distance of all-time highs. There is almost palpable disbelief among the financial cognoscenti that the indexes have not had a correction. Once again I have been reminded about the perils of ignoring a trend. The trend is bullish.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
A characteristic of a bull market is the markets celebrate good news while ignoring bad news. Bad news sells. As a result, purveyors of news and opinion focus on the bad news as a means to market their product. The bad news last week was impressive. Natural disasters (Hurricanes Harvey, Irma, and Jose), gas shortages, weakness in the US dollar, and an H-Bomb test by North Korea dominated the news.. The Republican Party received the worst news when Nancy Pelosi and Donald Trump cut a deal. The deal removed a potential debt ceiling crisis from the equation. The bad news was not totally ignored. This litany of bad news had only a minor effect on the market.</div>
<br />
Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 997px;"> <tbody>
<tr> <td align="center" valign="bottom" width="337"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="96"><b><u>8-Sep</u></b></td> <td align="center" valign="bottom" width="85"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="112"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="140"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="217"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="337">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="96">21797.79</td> <td align="center" valign="bottom" width="85"><span style="color: red;">(189.77)</span></td> <td align="center" valign="bottom" width="112"><span style="color: red;">-0.86%</span></td> <td align="center" valign="bottom" width="140">10.30%</td> <td align="center" valign="bottom" width="217">12.01% (VXD)</td></tr>
<tr> <td valign="bottom" width="337">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="96">2461.43</td> <td align="center" valign="bottom" width="85"><span style="color: red;">(15.12)</span></td> <td align="center" valign="bottom" width="112"><span style="color: red;">-0.61%</span></td> <td align="center" valign="bottom" width="140">9.97%</td> <td align="center" valign="bottom" width="217">12.12% (VIX)</td></tr>
<tr> <td valign="bottom" width="337">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="96">5913.67</td> <td align="center" valign="bottom" width="85">15.77</td> <td align="center" valign="bottom" width="112">0.27%</td> <td align="center" valign="bottom" width="140">21.59%</td> <td align="center" valign="bottom" width="217">16.07% (VXN)</td></tr>
<tr> <td valign="bottom" width="337">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="96">1399.42</td> <td align="center" valign="bottom" width="85"><span style="color: red;">(14.10)</span></td> <td align="center" valign="bottom" width="112"><span style="color: red;">-1.00%</span></td> <td align="center" valign="bottom" width="140">3.12%</td> <td align="center" valign="bottom" width="217">15.49%(RVX)</td></tr>
<tr> <td valign="bottom" width="337">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="96">1086.98</td> <td align="center" valign="bottom" width="85"><span style="color: red;">(8.27)</span></td> <td align="center" valign="bottom" width="112"><span style="color: red;">-0.76%</span></td> <td align="center" valign="bottom" width="140">9.64%</td> <td align="center" valign="bottom" width="217">10.761%(VXO)</td></tr>
<tr> <td valign="bottom" width="337">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="96">4560.87</td> <td align="center" valign="bottom" width="85">69.74</td> <td align="center" valign="bottom" width="112">1.55%</td> <td align="center" valign="bottom" width="140">12.57%</td> <td align="center" valign="bottom" width="217">NA</td></tr>
<tr> <td valign="bottom" width="337">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="96">47.56</td> <td align="center" valign="bottom" width="85">0.21</td> <td align="center" valign="bottom" width="112">0.44%</td> <td align="center" valign="bottom" width="140"><span style="color: red;">-11.75%</span></td> <td align="center" valign="bottom" width="217">29.49%(OVX)</td></tr>
<tr> <td valign="bottom" width="337">Gold (GCZ7)</td> <td align="center" valign="bottom" width="96">1351.20</td> <td align="center" valign="bottom" width="85">21.30</td> <td align="center" valign="bottom" width="112">1.60%</td> <td align="center" valign="bottom" width="140">17.29%</td> <td align="center" valign="bottom" width="217">13.77 (GVZ)</td></tr>
<tr> <td valign="bottom" width="337">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="96">12.12</td> <td align="center" valign="bottom" width="85">1.99</td> <td align="center" valign="bottom" width="112">19.64%</td> <td align="center" valign="bottom" width="140">NA</td> <td align="center" valign="bottom" width="217"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> <b></b> <br />
<div align="justify">
Negative news was ignored by the equity markets, but it was not ignored by the VIX and other volatility products. The CBOE Short-term Volatility Index (VXST) showed the greatest reaction to uncertainty by closing at 11.29. up 2.32 or 25.86%. The front month VIX future (VXU7) contango settled at 7.91% vs. Thursday’s contango of 9.75%. Narrowing of the contango percentage shows a greater relative concern for the front month versus the second month.<br />
<br /></div>
<a href="https://draft.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<b> </b><br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 900px;"> <tbody>
<tr> <td align="center" valign="bottom" width="378"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="66"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="74"><b><u>8-Sep</u></b></td> <td align="center" valign="bottom" width="115"><b><u>1-Sep</u></b></td> <td align="center" valign="bottom" width="125"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="132"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="376">CBOE Volatility Index</td> <td align="center" valign="bottom" width="68">VIX</td> <td align="center" valign="bottom" width="75">12.12</td> <td align="center" valign="bottom" width="114">11.28</td> <td align="center" valign="bottom" width="125">0.84</td> <td align="center" valign="bottom" width="131">7.45%</td></tr>
<tr> <td valign="bottom" width="374">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="70">VXU7</td> <td align="center" valign="bottom" width="76">13.275</td> <td align="center" valign="bottom" width="114">13.075</td> <td align="center" valign="bottom" width="125">0.20</td> <td align="center" valign="bottom" width="131">1.53%</td></tr>
<tr> <td valign="bottom" width="373">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="72">VXV7</td> <td align="center" valign="bottom" width="77">14.325</td> <td align="center" valign="bottom" width="114">14.025</td> <td align="center" valign="bottom" width="124">0.30</td> <td align="center" valign="bottom" width="130">2.14%</td></tr>
<tr> <td valign="bottom" width="371">VIX November Future (11/15/2017)</td> <td align="center" valign="bottom" width="74">VXX7</td> <td align="center" valign="bottom" width="78">14.875</td> <td align="center" valign="bottom" width="113">14.425</td> <td align="center" valign="bottom" width="124">0.45</td> <td align="center" valign="bottom" width="130">3.12%</td></tr>
<tr> <td valign="bottom" width="369">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="75">VXST</td> <td align="center" valign="bottom" width="79">11.29</td> <td align="center" valign="bottom" width="113">8.97</td> <td align="center" valign="bottom" width="124">2.32</td> <td align="center" valign="bottom" width="130">25.86%</td></tr>
<tr> <td valign="bottom" width="368">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="76">VXV</td> <td align="center" valign="bottom" width="80">14.69</td> <td align="center" valign="bottom" width="113">13.99</td> <td align="center" valign="bottom" width="124">0.70</td> <td align="center" valign="bottom" width="130">5.00%</td></tr>
<tr> <td valign="bottom" width="367">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="77">VXMT</td> <td align="center" valign="bottom" width="81">16.37</td> <td align="center" valign="bottom" width="113">15.42</td> <td align="center" valign="bottom" width="123">0.95</td> <td align="center" valign="bottom" width="129">6.16%</td></tr>
<tr> <td valign="bottom" width="366">VIX of VIX</td> <td align="center" valign="bottom" width="78">VVIX</td> <td align="center" valign="bottom" width="81">100.12</td> <td align="center" valign="bottom" width="113">93.53</td> <td align="center" valign="bottom" width="123">6.59</td> <td align="center" valign="bottom" width="129">7.05%</td></tr>
<tr> <td valign="bottom" width="365">CBOE SKEW Index</td> <td align="center" valign="bottom" width="79">SKEW</td> <td align="center" valign="bottom" width="81">135.39</td> <td align="center" valign="bottom" width="113">130.16</td> <td align="center" valign="bottom" width="123">5.23</td> <td align="center" valign="bottom" width="129">4.02%</td></tr>
<tr> <td align="center" valign="bottom" width="365"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="80"></td> <td align="center" valign="bottom" width="81"></td> <td align="center" valign="bottom" width="113"></td> <td align="center" valign="bottom" width="123"></td> <td align="center" valign="bottom" width="129"></td></tr>
<tr> <td valign="bottom" width="364">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="81">UVXY</td> <td align="center" valign="bottom" width="81">31.83</td> <td align="center" valign="bottom" width="112">30.88</td> <td align="center" valign="bottom" width="123">0.95</td> <td align="center" valign="bottom" width="129">3.08%</td></tr>
<tr> <td valign="bottom" width="364">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="82">VXX</td> <td align="center" valign="bottom" width="81">48.52</td> <td align="center" valign="bottom" width="112">47.68</td> <td align="center" valign="bottom" width="123">0.84</td> <td align="center" valign="bottom" width="129">1.76%</td></tr>
<tr> <td valign="bottom" width="363">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="82">VIXY</td> <td align="center" valign="bottom" width="81">40.26</td> <td align="center" valign="bottom" width="112">39.63</td> <td align="center" valign="bottom" width="123">0.63</td> <td align="center" valign="bottom" width="129">1.59%</td></tr>
<tr> <td valign="bottom" width="363">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="82">VXZ</td> <td align="center" valign="bottom" width="81">22.47</td> <td align="center" valign="bottom" width="112">21.86</td> <td align="center" valign="bottom" width="123">0.61</td> <td align="center" valign="bottom" width="129">2.79%</td></tr>
<tr> <td align="center" valign="bottom" width="363"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="82"></td> <td align="center" valign="bottom" width="81"></td> <td align="center" valign="bottom" width="112"></td> <td align="center" valign="bottom" width="123"></td> <td align="center" valign="bottom" width="129"></td></tr>
<tr> <td valign="bottom" width="363">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="82">SVXY</td> <td align="center" valign="bottom" width="81">76.33</td> <td align="center" valign="bottom" width="112">77.96</td> <td align="center" valign="bottom" width="123"><span style="background-color: white; color: red;">(1.63)</span></td> <td align="center" valign="bottom" width="129"><span style="background-color: white; color: #cc0000;">-2.09%</span></td></tr>
<tr> <td valign="bottom" width="363">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="83">XIV</td> <td align="center" valign="bottom" width="82">79.70</td> <td align="center" valign="bottom" width="113">73.89</td> <td align="center" valign="bottom" width="123">5.81</td> <td align="center" valign="bottom" width="129">7.86%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<br />
<div style="text-align: justify;">
The second week of September is light on economic reports. The only numbers of note will be on inflation and industrial production. The impact of the hurricanes may push Fed unwinding further out into the future.the future. The week winds up with consumer sentiment winds up Friday and will tally the psychological effects of both Harvey as well as Hurricane Irma. The wild cards remain North Korea and pull together a tax reform bill.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
There are very few earnings announcements this week. The highlights include: United Natural Foods, Cracker Barrel, and Oracle. 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.</div>
<div style="text-align: justify;">
<br /></div>
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“Ideas come and go, stories stay.” – Nassim Nicholas Taleb</div>
<div align="center">
<br /></div>
<div align="center">
“Bull markets are born in pessimism, grow on skepticism,</div>
<div align="center">
mature on optimism and die on euphoria.” – John Templeton</div>
<div align="center">
<br /></div>
<div align="center">
“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
<div align="center">
<br /></div>
<div align="center">
“Don’t give me timing, give me time.” – Jesse Livermore</div>
<div align="center">
<br /></div>
<div align="center">
“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> </div>
<div align="center">
<br /></div>
<strong></strong> <br />
<b><u>Monday, September 11:</u></b> <br />
<b><u><br /></u></b> <b>Listen to Frank Fahey on "Stocks and Jocks" </b><b><span style="color: blue;"><a href="http://radio.securenetsystems.net/v5/SJRADIO">Listen Live</a></span></b><br />
<b><u></u></b> <br />
Economic: No major announcements.<br />
<br />
International: Japan Tertiary Index – 1:30AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u>Tuesday, September 12:</u></b> <br />
<b><u></u></b> <br />
Economic: NFIB Small Business Optimism Index – 6:00, Redbook – 8:55, JOLTS – 10:00.<br />
<br />
International: Great Britain CPI – 4:00 AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u></u></b> <br />
<b><u>Wednesday, September 13:</u></b> <br />
Economic: MBA Mortgage Applications – 7:00, PPI – FD – 8:30, EIA Petroleum Status Report – 10:30<br />
<br />
International Economic: Germany CPI – 3:15 AM, Great Britain Labour Market Report – 4:30 AM, Eurozone Industrial Production – 5:00 AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u>Thursday, September 14:</u></b> <br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Consumer Price Index - - 8:30, Bloomberg Consumer Comfort Index – 9:45, Quarterly Services Survey – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30.<br />
<br />
International: Great Britain Retail Sales - 4:30 AM.<br />
<br />
Other: Bank of England Announcement & Minutes – 7:00 AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u>Friday, September 15:</u></b> <br />
<b><u></u></b> <br />
<b><u>QUADRUPLE WITCHING</u></b> <br />
<b><u></u></b> <br />
Economic: Retail Sales – 8:30, Empire State Manufacturing Survey – 8:30, Industrial Production – 9:15, Business Inventories – 10:00, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk479354457"></a><a href="https://draft.blogger.com/null" name="_Hlk478788524"></a><a href="https://draft.blogger.com/null" name="_Hlk487913048"></a><a href="https://draft.blogger.com/null" name="_Hlk481914915"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a><a href="https://draft.blogger.com/null" name="_Hlk480626961"></a><a href="https://draft.blogger.com/null" name="_Hlk483140984"></a>International: Eurozone Merchandise Trade – 5:00 AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u></u></b> <br />
<b><u>Monday, September 18:</u></b> <br />
<b><u></u></b> <br />
<a href="https://draft.blogger.com/null" name="_Hlk4819149151"></a><a href="https://draft.blogger.com/null" name="_Hlk4811596471"></a><a href="https://draft.blogger.com/null" name="_Hlk4806269611"></a><a href="https://draft.blogger.com/null" name="_Hlk4831409841"></a>Economic: Housing Market Index – 10:00.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk4879130481"></a>International: Eurozone HICP – 5:00 AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-71789652760089100312017-09-04T16:25:00.003-05:002017-09-05T18:06:55.949-05:00Market News for the Prepared Mind: 9.04 – 9.11.2017<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
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<br /></div>
<div align="center">
“Dreams come true; without that possibility, nature would not incite us to have them.” – John Updike</div>
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<br /></div>
<div align="center">
“Hurricane season brings a humbling reminder that, despite our technologies,</div>
<div align="center">
most of nature remains unpredictable.” – Diane Ackerman</div>
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<br /></div>
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“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore</div>
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<br /></div>
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“There is a profound difference between information and meaning.” – Warren Bennis</div>
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<div style="text-align: justify;">
The end of the month was on Thursday last week. Pundits across financial media were focused on telling investors about the impact of the first losing month in four months. Time and energy were spent on what a losing month for the indexes would portend for the rest of the year. It turns out we were able to witness a monumental waste of time, energy and breath. The only major index with negative monthly performance was the small cap laden Russell 2000.</div>
<div style="text-align: justify;">
<br /></div>
Here are the August results:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 900px;"> <tbody>
<tr> <td align="center" valign="bottom" width="323"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="107"><b><u>31-Aug</u></b></td> <td align="center" valign="bottom" width="103"><b><u>31-Jul</u></b></td> <td align="center" valign="bottom" width="134"><b><u>Aug Change </u></b></td> <td align="center" valign="bottom" width="109"><b><u>August %</u></b></td> <td align="center" valign="bottom" width="114"><b><u>2017 YTD</u></b></td></tr>
<tr> <td valign="bottom" width="323">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="107">21948.10</td> <td align="center" valign="bottom" width="103">21891.00</td> <td align="center" valign="bottom" width="134">57.10</td> <td align="center" valign="bottom" width="109">0.26%</td> <td align="center" valign="bottom" width="114">11.06%</td></tr>
<tr> <td valign="bottom" width="323">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="107">2471.65</td> <td align="center" valign="bottom" width="103">2470.30</td> <td align="center" valign="bottom" width="134">1.35</td> <td align="center" valign="bottom" width="109">0.05%</td> <td align="center" valign="bottom" width="114">10.43%</td></tr>
<tr> <td valign="bottom" width="323">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="107">5988.60</td> <td align="center" valign="bottom" width="103">5880.30</td> <td align="center" valign="bottom" width="134">108.30</td> <td align="center" valign="bottom" width="109">1.84%</td> <td align="center" valign="bottom" width="114">23.13%</td></tr>
<tr> <td valign="bottom" width="323">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="107">1405.28</td> <td align="center" valign="bottom" width="103">1425.14</td> <td align="center" valign="bottom" width="134"><span style="color: red;">(19.86)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-1.39%</span></td> <td align="center" valign="bottom" width="114">3.55%</td></tr>
<tr> <td valign="bottom" width="323">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="107">1093.78</td> <td align="center" valign="bottom" width="103">1088.12</td> <td align="center" valign="bottom" width="134">5.66</td> <td align="center" valign="bottom" width="109">0.52%</td> <td align="center" valign="bottom" width="114">10.32%</td></tr>
<tr> <td valign="bottom" width="323">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="107">4481.93</td> <td align="center" valign="bottom" width="103">4490.36</td> <td align="center" valign="bottom" width="134"><span style="color: red;">(8.43)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-0.19%</span></td> <td align="center" valign="bottom" width="114">10.63%</td></tr>
<tr> <td valign="bottom" width="323">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="107">47.10</td> <td align="center" valign="bottom" width="103">50.17</td> <td align="center" valign="bottom" width="134"><span style="color: red;">(3.07)</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-6.12%</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-12.60%</span></td></tr>
<tr> <td valign="bottom" width="323">Gold (GCZ7)</td> <td align="center" valign="bottom" width="107">1326.70</td> <td align="center" valign="bottom" width="103">1275.30</td> <td align="center" valign="bottom" width="134">51.40</td> <td align="center" valign="bottom" width="109">4.03%</td> <td align="center" valign="bottom" width="114">15.16%</td></tr>
<tr> <td valign="bottom" width="323">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="107">10.59</td> <td align="center" valign="bottom" width="103">10.26</td> <td align="center" valign="bottom" width="134">0.33</td> <td align="center" valign="bottom" width="109">3.22%</td> <td align="center" valign="bottom" width="114">NA</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<div style="text-align: justify;">
<b><br /></b></div>
<b></b> <br />
<div style="text-align: justify;">
The end-of-month and end-of-week market rallies were the result of a consensus that Hurricane Harvey as an impetus to force come to an agreement on the debt ceiling increase. This view put concerns about North Korea and a government shut down in the rear-view mirror. However, North Korea’s detonation of an H-Bomb may have removed some of the investor comfort zone.</div>
<br />
Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 992px;"> <tbody>
<tr> <td align="center" valign="bottom" width="339"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="124"><b><u>1-Sep</u></b></td> <td align="center" valign="bottom" width="116"><b><u>Change</u></b></td> <td align="center" valign="bottom" width="116"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="111"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="176"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="337">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="125">21987.56</td> <td align="center" valign="bottom" width="116">173.89</td> <td align="center" valign="bottom" width="116">0.80%</td> <td align="center" valign="bottom" width="111">11.26%</td> <td align="center" valign="bottom" width="176">10.62% (VXD)</td></tr>
<tr> <td valign="bottom" width="336">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="125">2476.55</td> <td align="center" valign="bottom" width="116">34.30</td> <td align="center" valign="bottom" width="116">1.40%</td> <td align="center" valign="bottom" width="111">10.64%</td> <td align="center" valign="bottom" width="176">10.13% (VIX)</td></tr>
<tr> <td valign="bottom" width="336">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="125">5897.90</td> <td align="center" valign="bottom" width="116">75.37</td> <td align="center" valign="bottom" width="116">1.29%</td> <td align="center" valign="bottom" width="111">21.27%</td> <td align="center" valign="bottom" width="176">15.52% (VXN)</td></tr>
<tr> <td valign="bottom" width="336">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="125">1413.52</td> <td align="center" valign="bottom" width="116">36.07</td> <td align="center" valign="bottom" width="116">2.62%</td> <td align="center" valign="bottom" width="111">4.15%</td> <td align="center" valign="bottom" width="176">15.68% (RVX)</td></tr>
<tr> <td valign="bottom" width="336">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="125">1095.25</td> <td align="center" valign="bottom" width="116">15.23</td> <td align="center" valign="bottom" width="116">1.41%</td> <td align="center" valign="bottom" width="111">10.47%</td> <td align="center" valign="bottom" width="176">12.91% (VXO)</td></tr>
<tr> <td valign="bottom" width="336">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="125">4491.13</td> <td align="center" valign="bottom" width="116">90.92</td> <td align="center" valign="bottom" width="116">2.07%</td> <td align="center" valign="bottom" width="111">10.85%</td> <td align="center" valign="bottom" width="176">NA</td></tr>
<tr> <td valign="bottom" width="336">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="125">47.35</td> <td align="center" valign="bottom" width="116"><span style="color: red;">(0.51)</span></td> <td align="center" valign="bottom" width="116">-<span style="color: red;">1.07%</span></td> <td align="center" valign="bottom" width="111"><span style="color: red;">-12.14%</span></td> <td align="center" valign="bottom" width="176">28.97%(OVX)</td></tr>
<tr> <td valign="bottom" width="336">Gold (GCZ7)</td> <td align="center" valign="bottom" width="125">1329.90</td> <td align="center" valign="bottom" width="116">33.40</td> <td align="center" valign="bottom" width="116">2.58%</td> <td align="center" valign="bottom" width="111">15.44%</td> <td align="center" valign="bottom" width="176">12.73 (GVZ)</td></tr>
<tr> <td valign="bottom" width="336">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="126">10.13</td> <td align="center" valign="bottom" width="117"><span style="color: red;">(1.15)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-10.20%</span></td> <td align="center" valign="bottom" width="112">NA</td> <td align="center" valign="bottom" width="176"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b><br /></b> I am still in a summer state of mind. There was nothing particularly noteworthy about the gehavior of the VIX and related products. The S&P 500 went up while the VIX went down.<br />
<b><br /></b> <b></b> <br />
<a href="https://draft.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<b> </b> <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 899px;"> <tbody>
<tr> <td align="center" valign="bottom" width="410"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="75"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="81"><b><u>1-Sep</u></b></td> <td align="center" valign="bottom" width="92"><b><u>25-Aug</u></b></td> <td align="center" valign="bottom" width="115"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="116"><b><u>% Change</u></b></td></tr>
<tr> <td width="410">CBOE Volatility Index</td> <td align="center" valign="bottom" width="75">VIX</td> <td align="center" valign="bottom" width="81">10.13</td> <td align="center" valign="bottom" width="92">11.28</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(1.15)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-10.20%</span></td></tr>
<tr> <td width="410">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="75">VXU7</td> <td align="center" valign="bottom" width="81">12.625</td> <td align="center" valign="bottom" width="92">13.075</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(0.45)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-3.44%</span></td></tr>
<tr> <td width="410">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="75">VXV7</td> <td align="center" valign="bottom" width="81">13.775</td> <td align="center" valign="bottom" width="92">14.025</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(0.25)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-1.78%</span></td></tr>
<tr> <td width="410">VIX November Future (11/15/2017)</td> <td align="center" valign="bottom" width="75">VXX7</td> <td align="center" valign="bottom" width="81">14.250</td> <td align="center" valign="bottom" width="92">14.425</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(0.18)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-1.21%</span></td></tr>
<tr> <td width="410">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="75">VXST</td> <td align="center" valign="bottom" width="81">7.94</td> <td align="center" valign="bottom" width="92">8.97</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(1.03)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-11.48%</span></td></tr>
<tr> <td width="410">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="75">VXV</td> <td align="center" valign="bottom" width="81">13.59</td> <td align="center" valign="bottom" width="92">13.99</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(0.40)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-2.86%</span></td></tr>
<tr> <td width="410">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="75">VXMT</td> <td align="center" valign="bottom" width="81">15.33</td> <td align="center" valign="bottom" width="92">15.42</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(0.09)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-0.58%</span></td></tr>
<tr> <td width="410">VIX of VIX</td> <td align="center" valign="bottom" width="75">VVIX</td> <td align="center" valign="bottom" width="81">93.60</td> <td align="center" valign="bottom" width="92">93.53</td> <td align="center" valign="bottom" width="115"><span style="color: red;">0.07 </span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">0.07%</span></td></tr>
<tr> <td width="410">CBOE SKEW Index</td> <td align="center" valign="bottom" width="75">SKEW</td> <td align="center" valign="bottom" width="81">130.53</td> <td align="center" valign="bottom" width="92">130.16</td> <td align="center" valign="bottom" width="115"><span style="color: red;">0.37 </span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">0.28%</span></td></tr>
<tr> <td width="410"><div align="center">
<b><u>Long VIX ETP's</u></b></div>
</td> <td align="center" valign="bottom" width="75"></td> <td align="center" valign="bottom" width="81"></td> <td align="center" valign="bottom" width="92"></td> <td align="center" valign="bottom" width="115"></td> <td align="center" valign="bottom" width="116"></td></tr>
<tr> <td width="410">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="75">UVXY</td> <td align="center" valign="bottom" width="81">28.94</td> <td align="center" valign="bottom" width="92">30.88</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(1.94)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-6.28%</span></td></tr>
<tr> <td width="410">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="75">VXX</td> <td align="center" valign="bottom" width="81">46.17</td> <td align="center" valign="bottom" width="92">47.68</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(1.51)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-3.17%</span></td></tr>
<tr> <td width="410">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="75">VIXY</td> <td align="center" valign="bottom" width="81">38.35</td> <td align="center" valign="bottom" width="92">39.63</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(1.28)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-3.23%</span></td></tr>
<tr> <td width="410">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="75">VXZ</td> <td align="center" valign="bottom" width="81">21.65</td> <td align="center" valign="bottom" width="92">21.86</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(0.21)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-0.96%</span></td></tr>
<tr> <td width="410"><div align="center">
<b><u>Inverse VIX ETP's </u></b></div>
</td> <td align="center" valign="bottom" width="75"></td> <td align="center" valign="bottom" width="81"></td> <td align="center" valign="bottom" width="92"></td> <td align="center" valign="bottom" width="115"></td> <td align="center" valign="bottom" width="116"></td></tr>
<tr> <td width="410">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="75">SVXY</td> <td align="center" valign="bottom" width="81">80.31</td> <td align="center" valign="bottom" width="92">77.96</td> <td align="center" valign="bottom" width="115">2.35</td> <td align="center" valign="bottom" width="116">3.01%</td></tr>
<tr> <td width="410">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="75">XIV</td> <td align="center" valign="bottom" width="81">83.72</td> <td align="center" valign="bottom" width="92">73.89</td> <td align="center" valign="bottom" width="115">9.83</td> <td align="center" valign="bottom" width="116">13.30%</td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b><br /></b> U.S. markets are closed in observance of Labor Day. The shortened trading week is quiet on economic reports. Factory orders, mortgage applications, and wholesale trade highlight the balance of the week. In Europe, the European Central Bank is expected to leave their policy unchanged. Merchandise trade and industrial production dominate the economic reports to be released.<br />
<br />
The wild card remains North Korea. North Korea carried out its most powerful nuclear test this weekend. Off-hours trading on Sunday and Monday showed a muted response. S&P 500 futures were down 6.25 or 0.35%. September VIX futures were up 6.13% or 0.775.<br />
<br />
This week earnings announcements slow down to a trickle this week. The highlights include: Dave&Buster’s, Hewlett Packard, Casey’s General Stores, Fred’s, G-III Apparel, Korn Ferry, Barnes&Noble, Brady, John Wiley&Sons, VeriFone, and Kroger. 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.<br />
<br />
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“Ideas come and go, stories stay.” – Nassim Nicholas Taleb</div>
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<br /></div>
<div align="center">
“A paranoid is someone who knows a little of what's going on. A psychotic is a guy who's just found out what's going on.” – William S. Burroughs</div>
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<br /></div>
<div align="center">
“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
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<br /></div>
<div align="center">
“Don’t give me timing, give me time.” – Jesse Livermore</div>
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<br /></div>
<div align="center">
“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre</div>
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<br /></div>
<strong></strong> <br />
<b><u>Monday, September 4:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
<b>U.S. Holiday: Labor Day – Markets Closed.</b> <br />
<b><br /></b>
International: Eurozone PPI – 5:00AM.<br />
<br />
<b><u>Tuesday, September 5:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Factory Orders – 10:00, Gallup US ECI – 2:00.<br />
<br />
International: Germany PMI Composite – 3:55 AM, Eurozone PMI Composite – 4:00 AM, Eurozone GDP – 5:00 AM, Eurozone Retail Sales – 5:00 AM.<br />
<br />
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to speak at a moderated Q&A at the 1st Tuesday Speaker Series at Carlson School of Management in Minneapolis, with audience Q&A – 2:00PM, Dallas Federal Reserve Bank President Robert Kaplan to participate in a moderated Q&A session in Dallas, with audience and media Q&A – 7:00PM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u></u></b> <br />
<b><u>Wednesday, September 6:</u></b> <br />
<b><u><br /></u></b>
Economic: MBA Mortgage Applications – 7:00, International Trade – 8:30, Redbook – 8:66, PMI Services Index – 9:45, ISM Non-Manufacturing Index – 10:00, Beige Book – 2:00.<br />
<br />
International Economic: Germany Manufacturers’ Orders - 2:00 AM.<br />
<br />
Other: Federal Reserve Governor Jerome Powell will deliver a speech entitled "The Role of Boards at Large Financial Firms," as the breakfast presentation during the Large-Bank Directors Conference hosted by the Federal Reserve Bank of Chicago, with audience and media Q&A, in Chicago – 9:15AM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 894px;"> <tbody>
<tr> <td align="center" valign="bottom" width="136"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="94"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="124"><b><u>9/1 CLOSE</u></b></td> <td align="center" valign="bottom" width="142"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="128"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="126"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="134"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="136">FRAN</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="124">$7.66</td> <td align="center" valign="bottom" width="142">1,169,780</td> <td align="center" valign="bottom" width="128">12.20%</td> <td align="center" valign="bottom" width="126">$7.50</td> <td align="center" valign="bottom" width="134">$8.23</td></tr>
<tr> <td align="center" valign="bottom" width="136">FRED</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="124">$6.07</td> <td align="center" valign="bottom" width="142">1,582,650</td> <td align="center" valign="bottom" width="128">8.04%</td> <td align="center" valign="bottom" width="126">$6.07</td> <td align="center" valign="bottom" width="134">$6.45</td></tr>
<tr> <td align="center" valign="bottom" width="136">HDS</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="124">$33.02</td> <td align="center" valign="bottom" width="142">4,249,940</td> <td align="center" valign="bottom" width="128">9.08%</td> <td align="center" valign="bottom" width="126">$31.73</td> <td align="center" valign="bottom" width="134">$31.66</td></tr>
<tr> <td align="center" valign="bottom" width="136">JKS</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="124">$28.52</td> <td align="center" valign="bottom" width="142">1,099,190</td> <td align="center" valign="bottom" width="128">6.52%</td> <td align="center" valign="bottom" width="126">$25.34</td> <td align="center" valign="bottom" width="134">$26.44</td></tr>
<tr> <td align="center" valign="bottom" width="136">DDC</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="124">$14.15</td> <td align="center" valign="bottom" width="142">1,392,480</td> <td align="center" valign="bottom" width="128">1.78%</td> <td align="center" valign="bottom" width="126">$14.11</td> <td align="center" valign="bottom" width="134">$14.07</td></tr>
<tr> <td align="center" valign="bottom" width="136">RH</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="124">$48.51</td> <td align="center" valign="bottom" width="142">2,385,240</td> <td align="center" valign="bottom" width="128">15.46%</td> <td align="center" valign="bottom" width="126">$46.53</td> <td align="center" valign="bottom" width="134">$58.71</td></tr>
</tbody></table>
<br />
<b><u>Thursday September 7:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Productivity and Costs - 8:30, Bloomberg Consumer Comfort Index – 9:45, Quarterly Services Survey – 10:00, EIA Natural Gas Report – 10:30, EIA Petroleum Status Report – 11:00 Money Supply – 4:30.<br />
<br />
International: Germany Industrial Production – 2:00 AM, Japan GDP – 7:50 PM, China Merchandise Trade Balance – 10:00PM.<br />
<br />
Other: European Central Bank Announcement – 7:45 – AM. President Federal Reserve Bank of New York William Dudley will speak about the U.S. economic outlook and implications for monetary policy at a Money Marketeers of New York University event, with audience and media Q&A, in New York – 7:00 PM, Atlanta Federal Reserve Bank President Raphael Bostic to participate in a moderated discussion on his views on the economy at An Evening with Raphael Bostic in Atlanta – 7:00 PM, Kansas City Federal Reserve Bank President Esther George to discuss the U.S. economic outlook at the Omaha Economic Forum in Omaha – 8:15 PM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 896px;"> <tbody>
<tr> <td align="center" valign="bottom" width="155"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="93"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="136"><b><u>9/1 CLOSE</u></b></td> <td align="center" valign="bottom" width="128"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="126"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="116"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="132"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="155">BKS</td> <td align="center" valign="bottom" width="93">BMO</td> <td align="center" valign="bottom" width="136">$7.50</td> <td align="center" valign="bottom" width="128">1,342,960</td> <td align="center" valign="bottom" width="126">7.69%</td> <td align="center" valign="bottom" width="116">$7.55</td> <td align="center" valign="bottom" width="132">$7.60</td></tr>
<tr> <td align="center" valign="bottom" width="155">DVMT</td> <td align="center" valign="bottom" width="93">BMO</td> <td align="center" valign="bottom" width="136">$74.76</td> <td align="center" valign="bottom" width="128">1,235,420</td> <td align="center" valign="bottom" width="126">1.39%</td> <td align="center" valign="bottom" width="116">$71.63</td> <td align="center" valign="bottom" width="132">$68.90</td></tr>
<tr> <td align="center" valign="bottom" width="155">FCEL</td> <td align="center" valign="bottom" width="93">BMO</td> <td align="center" valign="bottom" width="136">$1.60</td> <td align="center" valign="bottom" width="128">1,051,880</td> <td align="center" valign="bottom" width="126">1.06%</td> <td align="center" valign="bottom" width="116">$1.49</td> <td align="center" valign="bottom" width="132">$1.49</td></tr>
<tr> <td align="center" valign="bottom" width="155">HOV</td> <td align="center" valign="bottom" width="93">BMO</td> <td align="center" valign="bottom" width="136">$1.88</td> <td align="center" valign="bottom" width="128">1,450,190</td> <td align="center" valign="bottom" width="126">7.11%</td> <td align="center" valign="bottom" width="116">$1.90</td> <td align="center" valign="bottom" width="132">$2.06</td></tr>
<tr> <td align="center" valign="bottom" width="155">MBLY</td> <td align="center" valign="bottom" width="93">BMO</td> <td align="center" valign="bottom" width="136">$62.67</td> <td align="center" valign="bottom" width="128">2,519,760</td> <td align="center" valign="bottom" width="126">2.79%</td> <td align="center" valign="bottom" width="116">$63.01</td> <td align="center" valign="bottom" width="132">$62.99</td></tr>
<tr> <td align="center" valign="bottom" width="155">AOBC</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="136">$16.52</td> <td align="center" valign="bottom" width="128">1,107,980</td> <td align="center" valign="bottom" width="126">7.16%</td> <td align="center" valign="bottom" width="116">$17.46</td> <td align="center" valign="bottom" width="132">$18.73</td></tr>
<tr> <td align="center" valign="bottom" width="155">FNSR</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="136">$23.19</td> <td align="center" valign="bottom" width="128">2,779,340</td> <td align="center" valign="bottom" width="126">11.48%</td> <td align="center" valign="bottom" width="116">$24.26</td> <td align="center" valign="bottom" width="132">$25.50</td></tr>
<tr> <td align="center" valign="bottom" width="155">PAY</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="136">$19.58</td> <td align="center" valign="bottom" width="128">1,674,920</td> <td align="center" valign="bottom" width="126">8.65%</td> <td align="center" valign="bottom" width="116">$19.37</td> <td align="center" valign="bottom" width="132">$19.26</td></tr>
<tr> <td align="center" valign="bottom" width="155">RDFN</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="136">$23.60</td> <td align="center" valign="bottom" width="128">1,863,690</td> <td align="center" valign="bottom" width="126">None</td> <td align="center" valign="bottom" width="116">$24.69</td> <td align="center" valign="bottom" width="132">$26.39</td></tr>
<tr> <td align="center" valign="bottom" width="155">SGYP</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="136">$3.01</td> <td align="center" valign="bottom" width="128">4,299,530</td> <td align="center" valign="bottom" width="126">3.34%</td> <td align="center" valign="bottom" width="116">$3.01</td> <td align="center" valign="bottom" width="132">$3.48</td></tr>
<tr> <td align="center" valign="bottom" width="155">TLRD</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="136">$12.15</td> <td align="center" valign="bottom" width="128">1,564,820</td> <td align="center" valign="bottom" width="126">22.72%</td> <td align="center" valign="bottom" width="116">$11.54</td> <td align="center" valign="bottom" width="132">$11.62</td></tr>
</tbody></table>
<br />
<b><u>Friday September 8:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Motor Vehicle Sales, Employment Situation – 8:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 110:00, Construction Spending – 10:00, Consumer Sentiment – 10:00 , Baker Hughes Rig Count – 1:00.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk479354457"></a><a href="https://draft.blogger.com/null" name="_Hlk478788524"></a><a href="https://draft.blogger.com/null" name="_Hlk487913048"></a><a href="https://draft.blogger.com/null" name="_Hlk481914915"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a><a href="https://draft.blogger.com/null" name="_Hlk480626961"></a><a href="https://draft.blogger.com/null" name="_Hlk483140984"></a>International: Germany Merchandise Trade – 2:00 A, France Industrial Production 2:45AM, Great Britain Merchandise Trade – 4:30 AM, China CPI & PPI – 9:30 PM.<br />
<br />
Other: Philadelphia Federal Reserve Bank President Patrick Harker to speak on Consumer Finance Issues at New Perspectives on Consumer Behavior in Credit and Payments Markets Conference in Philadelphia – 8:45 AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />
<b><u></u></b> <br />
<b><u>Monday September 11:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
<a href="https://draft.blogger.com/null" name="_Hlk4819149151"></a><a href="https://draft.blogger.com/null" name="_Hlk4811596471"></a><a href="https://draft.blogger.com/null" name="_Hlk4806269611"></a><a href="https://draft.blogger.com/null" name="_Hlk4831409841"></a>Economic: No major announcements.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk4879130481"></a>International: Japan Tertiary Index – 1:30AM.<br />
<br />
Earnings: None meeting scan criteria.<br />
<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-16697185603178493552017-08-31T16:29:00.001-05:002017-08-31T17:48:20.067-05:00August 2017 Market Performance<br />
It was a week with the talking heads assaulting us with hours of talking about poor August market performance. This is why I listen to music while trading. I do not need to fill my head with the product of their need to fill time. Filter the noise and think for yourself.<br />
<div align="center">
<b><u><span style="font-size: large;">August 2017 Performance</span></u></b></div>
<table border="5" cellpadding="0" cellspacing="0" style="width: 993px;"> <tbody>
<tr> <td align="center" valign="bottom" width="321"><b><u>Underlying</u></b></td> <td align="center" valign="bottom" width="100"><b><u>31-Aug</u></b></td> <td align="center" valign="bottom" width="138"><b><u>31-Jul</u></b></td> <td align="center" valign="bottom" width="163"><b><u>August Change</u></b></td> <td align="center" valign="bottom" width="131"><b><u>August %</u></b></td> <td align="center" valign="bottom" width="130"><b><u>2017 YTD</u></b></td></tr>
<tr> <td valign="bottom" width="321">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="100">21948.10</td> <td align="center" valign="bottom" width="138">21891.00</td> <td align="center" valign="bottom" width="163">57.10</td> <td align="center" valign="bottom" width="131">0.26%</td> <td align="center" valign="bottom" width="130">11.06%</td></tr>
<tr> <td valign="bottom" width="321">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="100">2471.65</td> <td align="center" valign="bottom" width="138">2470.30</td> <td align="center" valign="bottom" width="163">1.35</td> <td align="center" valign="bottom" width="131">0.05%</td> <td align="center" valign="bottom" width="130">10.43%</td></tr>
<tr> <td valign="bottom" width="321">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="100">5988.60</td> <td align="center" valign="bottom" width="138">5880.30</td> <td align="center" valign="bottom" width="163">108.30</td> <td align="center" valign="bottom" width="131">1.84%</td> <td align="center" valign="bottom" width="130">23.13%</td></tr>
<tr> <td valign="bottom" width="321">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="100">1405.28</td> <td align="center" valign="bottom" width="138">1425.14</td> <td align="center" valign="bottom" width="163"><span style="color: red;">(19.86)</span></td> <td align="center" valign="bottom" width="131"><span style="color: red;">-1.39%</span></td> <td align="center" valign="bottom" width="130">3.55%</td></tr>
<tr> <td valign="bottom" width="321">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="100">1093.78</td> <td align="center" valign="bottom" width="138">1088.12</td> <td align="center" valign="bottom" width="163">5.66</td> <td align="center" valign="bottom" width="131">0.52%</td> <td align="center" valign="bottom" width="130">10.32%</td></tr>
<tr> <td valign="bottom" width="321">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="100">4481.93</td> <td align="center" valign="bottom" width="138">4490.36</td> <td align="center" valign="bottom" width="163"><span style="color: red;">(8.43)</span></td> <td align="center" valign="bottom" width="131"><span style="color: red;">-0.19</span>%</td> <td align="center" valign="bottom" width="130">10.63%</td></tr>
<tr> <td valign="bottom" width="321">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="100">47.10</td> <td align="center" valign="bottom" width="138">50.17</td> <td align="center" valign="bottom" width="163"><span style="color: red;">(3.07)</span></td> <td align="center" valign="bottom" width="131"><span style="color: red;">-6.12%</span></td> <td align="center" valign="bottom" width="130"><span style="color: red;">-12.60%</span></td></tr>
<tr> <td valign="bottom" width="321">Gold (GCZ7)</td> <td align="center" valign="bottom" width="100">1326.70</td> <td align="center" valign="bottom" width="138">1275.30</td> <td align="center" valign="bottom" width="163">51.40</td> <td align="center" valign="bottom" width="131">4.03%</td> <td align="center" valign="bottom" width="130">15.16%</td></tr>
<tr> <td valign="bottom" width="321">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="100">10.59</td> <td align="center" valign="bottom" width="138">10.26</td> <td align="center" valign="bottom" width="163">0.33</td> <td align="center" valign="bottom" width="131">3.22%</td> <td align="center" valign="bottom" width="130">NA</td></tr>
</tbody></table>
Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-47820895193303646782017-08-27T21:00:00.000-05:002017-08-29T12:02:29.366-05:00Market News for the Prepared Mind: 8.28 – 9.04.2017<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="center">
“Money is made by sitting, not trading.” – Jesse Livermore</div>
<div align="center">
<br /></div>
<div align="center">
“Hurricane season brings a humbling reminder that, despite our technologies,</div>
<div align="center">
most of nature remains unpredictable.” – Diane Ackerman</div>
<div align="center">
<br /></div>
<div align="center">
“Computers have enabled people to make more mistakes faster than almost any invention in history, with the possible exception of tequila and hand guns.”</div>
<div align="center">
– Mitch Ratcliffe</div>
<div align="center">
<br /></div>
<div align="center">
“There is a profound difference between information and meaning.” – Warren Bennis</div>
<div align="center">
<br /></div>
The truncated, end-of-summer, version of the Prepared Mind. The weekly numbers and economic calendar are here but without commentary.<br />
<br />
Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 954px;"> <tbody>
<tr> <td align="center" valign="bottom" width="323"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="118"><b><u>25-Aug</u></b></td> <td align="center" valign="bottom" width="91"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="120"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="111"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="181"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="323">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="118">21813.67</td> <td align="center" valign="bottom" width="91">139.16</td> <td align="center" valign="bottom" width="120">0.64%</td> <td align="center" valign="bottom" width="111">10.38%</td> <td align="center" valign="bottom" width="181">11.19% (VXD)</td></tr>
<tr> <td valign="bottom" width="323">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="118">2442.25</td> <td align="center" valign="bottom" width="91">16.70</td> <td align="center" valign="bottom" width="120">0.69%</td> <td align="center" valign="bottom" width="111">9.11%</td> <td align="center" valign="bottom" width="181">11.28% (VIX)</td></tr>
<tr> <td valign="bottom" width="323">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="118">5822.53</td> <td align="center" valign="bottom" width="91">31.62</td> <td align="center" valign="bottom" width="120">0.55%</td> <td align="center" valign="bottom" width="111">19.72%</td> <td align="center" valign="bottom" width="181">15.52% (VXN)</td></tr>
<tr> <td valign="bottom" width="323">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="118">1377.45</td> <td align="center" valign="bottom" width="91">19.66</td> <td align="center" valign="bottom" width="120">1.45%</td> <td align="center" valign="bottom" width="111">1.50%</td> <td align="center" valign="bottom" width="181">15.68% (RVX)</td></tr>
<tr> <td valign="bottom" width="323">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="118">1080.02</td> <td align="center" valign="bottom" width="91">6.50</td> <td align="center" valign="bottom" width="120">0.61%</td> <td align="center" valign="bottom" width="111">8.94%</td> <td align="center" valign="bottom" width="181">12.91% (VXO)</td></tr>
<tr> <td valign="bottom" width="323">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="118">4400.21</td> <td align="center" valign="bottom" width="91">18.31</td> <td align="center" valign="bottom" width="120">0.42%</td> <td align="center" valign="bottom" width="111">8.61%</td> <td align="center" valign="bottom" width="181">NA</td></tr>
<tr> <td valign="bottom" width="323">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="118">47.86</td> <td align="center" valign="bottom" width="91">(1.04)</td> <td align="center" valign="bottom" width="120">-2.13%</td> <td align="center" valign="bottom" width="111">-11.19%</td> <td align="center" valign="bottom" width="181">10.28%(OVX)</td></tr>
<tr> <td valign="bottom" width="323">Gold (GCZ7)</td> <td align="center" valign="bottom" width="118">1296.50</td> <td align="center" valign="bottom" width="91">6.20</td> <td align="center" valign="bottom" width="120">0.48%</td> <td align="center" valign="bottom" width="111">12.54%</td> <td align="center" valign="bottom" width="181">12.63 (GVZ)</td></tr>
<tr> <td valign="bottom" width="323">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="118">11.28</td> <td align="center" valign="bottom" width="91">(2.98)</td> <td align="center" valign="bottom" width="120">-20.90%</td> <td align="center" valign="bottom" width="112">NA</td> <td align="center" valign="bottom" width="181"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b><br /></b> <b></b> <br />
<a href="https://draft.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<b> </b> <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 896px;"> <tbody>
<tr> <td align="center" valign="bottom" width="395"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="86"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="90"><b><u>25-Aug</u></b></td> <td align="center" valign="bottom" width="98"><b><u>18-Aug</u></b></td> <td align="center" valign="bottom" width="113"><b><u>Change</u></b></td> <td align="center" valign="bottom" width="104"><b><u>% Change</u></b></td></tr>
<tr> <td width="395">CBOE Volatility Index</td> <td align="center" valign="bottom" width="86">VIX</td> <td align="center" valign="bottom" width="90">11.28</td> <td align="center" valign="bottom" width="98">14.26</td> <td align="center" valign="bottom" width="113">(2.98)</td> <td align="center" valign="bottom" width="104">-20.90%</td></tr>
<tr> <td width="395">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="86">VXU7</td> <td align="center" valign="bottom" width="90">13.075</td> <td align="center" valign="bottom" width="98">14.975</td> <td align="center" valign="bottom" width="113">(1.90)</td> <td align="center" valign="bottom" width="104">-12.69%</td></tr>
<tr> <td width="395">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="86">VXV7</td> <td align="center" valign="bottom" width="90">14.025</td> <td align="center" valign="bottom" width="98">15.125</td> <td align="center" valign="bottom" width="113">(1.10)</td> <td align="center" valign="bottom" width="104">-7.27%</td></tr>
<tr> <td width="395">VIX November Future (11/15/2017)</td> <td align="center" valign="bottom" width="86">VXX7</td> <td align="center" valign="bottom" width="90">14.425</td> <td align="center" valign="bottom" width="98">15.375</td> <td align="center" valign="bottom" width="113">(0.95)</td> <td align="center" valign="bottom" width="104">-6.18%</td></tr>
<tr> <td width="395">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="86">VXST</td> <td align="center" valign="bottom" width="90">8.97</td> <td align="center" valign="bottom" width="98">13.17</td> <td align="center" valign="bottom" width="113">(4.20)</td> <td align="center" valign="bottom" width="104">-31.89%</td></tr>
<tr> <td width="395">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="86">VXV</td> <td align="center" valign="bottom" width="90">13.99</td> <td align="center" valign="bottom" width="98">15.65</td> <td align="center" valign="bottom" width="113">(1.66)</td> <td align="center" valign="bottom" width="104">-10.61%</td></tr>
<tr> <td width="395">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="86">VXMT</td> <td align="center" valign="bottom" width="90">15.42</td> <td align="center" valign="bottom" width="98">16.38</td> <td align="center" valign="bottom" width="113">(0.96)</td> <td align="center" valign="bottom" width="104">-5.86%</td></tr>
<tr> <td width="395">VIX of VIX</td> <td align="center" valign="bottom" width="86">VVIX</td> <td align="center" valign="bottom" width="90">93.53</td> <td align="center" valign="bottom" width="98">114.39</td> <td align="center" valign="bottom" width="113">(20.86)</td> <td align="center" valign="bottom" width="104">-18.24%</td></tr>
<tr> <td width="395">CBOE SKEW Index</td> <td align="center" valign="bottom" width="86">SKEW</td> <td align="center" valign="bottom" width="90">130.16</td> <td align="center" valign="bottom" width="98">128.86</td> <td align="center" valign="bottom" width="113">1.30</td> <td align="center" valign="bottom" width="104">1.01%</td></tr>
<tr> <td width="395"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="86"></td> <td align="center" valign="bottom" width="90"></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="113"></td> <td align="center" valign="bottom" width="104"></td></tr>
<tr> <td width="395">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="86">UVXY</td> <td align="center" valign="bottom" width="90">30.88</td> <td align="center" valign="bottom" width="98">38.97</td> <td align="center" valign="bottom" width="113">(8.09)</td> <td align="center" valign="bottom" width="104">-20.76%</td></tr>
<tr> <td width="395">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="86">VXX</td> <td align="center" valign="bottom" width="90">47.68</td> <td align="center" valign="bottom" width="98">53.20</td> <td align="center" valign="bottom" width="113">(5.52)</td> <td align="center" valign="bottom" width="104">-10.38%</td></tr>
<tr> <td width="395">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="86">VIXY</td> <td align="center" valign="bottom" width="90">39.63</td> <td align="center" valign="bottom" width="98">44.19</td> <td align="center" valign="bottom" width="113">(4.56)</td> <td align="center" valign="bottom" width="104">-10.32%</td></tr>
<tr> <td width="395">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="86">VXZ</td> <td align="center" valign="bottom" width="90">21.86</td> <td align="center" valign="bottom" width="98">22.51</td> <td align="center" valign="bottom" width="113">(0.65)</td> <td align="center" valign="bottom" width="104">-2.89%</td></tr>
<tr> <td width="395"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="86"></td> <td align="center" valign="bottom" width="90"></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="113"></td> <td align="center" valign="bottom" width="104"></td></tr>
<tr> <td width="395">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="86">SVXY</td> <td align="center" valign="bottom" width="90">77.96</td> <td align="center" valign="bottom" width="98">70.66</td> <td align="center" valign="bottom" width="113">7.30</td> <td align="center" valign="bottom" width="104">10.33%</td></tr>
<tr> <td width="395">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="86">XIV</td> <td align="center" valign="bottom" width="90">81.32</td> <td align="center" valign="bottom" width="98">73.89</td> <td align="center" valign="bottom" width="113">7.43</td> <td align="center" valign="bottom" width="104">10.06%</td></tr>
<tr> <td valign="bottom" width="395">Velocity Shares Daily VIX Midterm ETN</td> <td align="center" valign="bottom" width="86">ZIV</td> <td align="center" valign="bottom" width="90">71.57</td> <td align="center" valign="bottom" width="98">69.68</td> <td align="center" valign="bottom" width="113">1.89</td> <td align="center" valign="bottom" width="104">2.71%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><i></i></b> <br />
As August comes to a close, reports will be released for the S&P CoreLogic Case-Shiller Home Price Index, the second estimate of U.S. second-quarter GDP, motor vehicle sales, and the employment situation. Important inflation data includes PCE price indexes as part of Thursday's personal income and outlays report. Other important data includes advance trade in goods on Monday and also home sales on Thursday. Consumer confidence on Tuesday and consumer sentiment on Friday, bring consumer psychology onto focus . Hurricane Harvey, North Korea, and the debt ceiling are in play as wild cards for the upcoming week.<br />
<br />
This earnings season winds down this the week. The highlights include: G-III Apparel, Scansource, H&R Blockm Movado, Hain Celestial, Best Buy, Shoe Carnival, Dytech, Bob Evans Farms, Chico’s. Brown-Forman, Analog Devices, Vera Bradley, Campbell Soup, Dollar General, Oxford Industries, Genesco and Ciena. 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.<br />
<br />
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
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“A man without ethics is a wild beast loosed up this world.” – Albert Camus</div>
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<br /></div>
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“The hurricane complicates things in that what would have been purely a business decision becomes a decision of the heart.” – Henry Cisneros</div>
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<br /></div>
<div align="center">
“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
<div align="center">
<br /></div>
<div align="center">
“Don’t give me timing, give me time.” – Jesse Livermore</div>
<div align="center">
<br /></div>
<div align="center">
“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> </div>
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<br /></div>
<strong></strong> <br />
<b><u>Monday, August 28:</u></b><br />
<b><u></u></b> <br />
Economic: International Trade in Goods – 8:30, Dallas Fed Manufacturing Survey 10:30.<br />
<br />
International Economic: Japan Unemployment Rate – 7:30 PM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 850px;"> <tbody>
<tr> <td align="center" valign="bottom" width="134"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="96"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="128"><b><u>8/25 CLOSE</u></b></td> <td align="center" valign="bottom" width="136"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="124"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="108"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="114"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="134">PRXL</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="128">$87.70</td> <td align="center" valign="bottom" width="136">1,079,620</td> <td align="center" valign="bottom" width="124">7.32%</td> <td align="center" valign="bottom" width="108">$87.69</td> <td align="center" valign="bottom" width="114">$87.52</td></tr>
</tbody></table>
<br />
<b><u><br /></u></b> <b><u>Tuesday, August 29:</u></b><br />
<b><u></u></b> <br />
Economic: Redbook – 8:55, S&P Corelogic Case-Shiller Home Price Index – 9:00, Consumer Confidence – 10:00, State Street Investor Confidence Index – 10:00.<br />
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International: France GDP – 2:45 AM.<br />
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Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 850px;"> <tbody>
<tr> <td align="center" valign="bottom" width="131"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="95"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="129"><b><u>8/25 CLOSE</u></b></td> <td align="center" valign="bottom" width="135"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="126"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="108"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="116"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="131">BBY</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="129">$61.87</td> <td align="center" valign="bottom" width="135">3,803,170</td> <td align="center" valign="bottom" width="126">14.81%</td> <td align="center" valign="bottom" width="108">$60.80</td> <td align="center" valign="bottom" width="116"> $58.15</td></tr>
<tr> <td align="center" valign="bottom" width="131">HAIN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="129">$40.40</td> <td align="center" valign="bottom" width="135">2,422,470</td> <td align="center" valign="bottom" width="126">4.36%</td> <td align="center" valign="bottom" width="108">$42.08</td> <td align="center" valign="bottom" width="116">$42.40</td></tr>
</tbody></table>
<br />
<b><u><br /></u></b> <b><u>Wednesday, August 30:</u></b><br />
Economic: MBA Mortgage Applications – 7:00, ADP Employment Report – 8:15, GDP = 8:30, Corporate Profits – 8:30, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Eurozone Economic Sentiment – 5:00 AM, Germany CPI – 8:00 AM, Japan Industrial Production – 7:50 PM.<br />
<br />
Other: Federal Reserve Governor Jerome Powell will deliver a speech entitled "The Role of Boards at Large Financial Firms," as the breakfast presentation during the Large-Bank Directors Conference hosted by the Federal Reserve Bank of Chicago, with audience and media Q&A, in Chicago – 9:15 AM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 850px;"> <tbody>
<tr> <td align="center" valign="bottom" width="133"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="93"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="125"><b><u>8/25 CLOSE</u></b></td> <td align="center" valign="bottom" width="135"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="134"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="112"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="108"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="133">ADI</td> <td align="center" valign="bottom" width="93">BMO</td> <td align="center" valign="bottom" width="125">$78.97</td> <td align="center" valign="bottom" width="135">3,333,630</td> <td align="center" valign="bottom" width="134">2.84%</td> <td align="center" valign="bottom" width="112">$78.94</td> <td align="center" valign="bottom" width="108">$78.86</td></tr>
<tr> <td align="center" valign="bottom" width="133">CTRP</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="125">$52.48</td> <td align="center" valign="bottom" width="135">3,795,810</td> <td align="center" valign="bottom" width="134">4.54%</td> <td align="center" valign="bottom" width="112">$51.71</td> <td align="center" valign="bottom" width="108">$54.83</td></tr>
<tr> <td align="center" valign="bottom" width="133">FIVE</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="125">$50.34</td> <td align="center" valign="bottom" width="135">1,080,210</td> <td align="center" valign="bottom" width="134">5.57%</td> <td align="center" valign="bottom" width="112">$48.80</td> <td align="center" valign="bottom" width="108">$48.63</td></tr>
<tr> <td align="center" valign="bottom" width="133">KEYS</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="125">$39.82</td> <td align="center" valign="bottom" width="135">1,108,750</td> <td align="center" valign="bottom" width="134">1.90%</td> <td align="center" valign="bottom" width="112">$40.56</td> <td align="center" valign="bottom" width="108">$41.28</td></tr>
<tr> <td align="center" valign="bottom" width="133">WDAY</td> <td align="center" valign="bottom" width="93">AMC</td> <td align="center" valign="bottom" width="125">$103.57</td> <td align="center" valign="bottom" width="135">1,414,370</td> <td align="center" valign="bottom" width="134">7.63%</td> <td align="center" valign="bottom" width="112">$103.27</td> <td align="center" valign="bottom" width="108">$101.79</td></tr>
</tbody></table>
<br />
<b><u><br /></u></b> <b><u>Thursday. August 31:</u></b><br />
<b><u></u></b> <br />
Economic: Chain Store Sales, Challenger Job-Cut Report - 7:30, Weekly Jobless Claims – 8:30, Personal Income and Outlays – 8:30, Chicago PMI – 9:45, Bloomberg Consumer Comfort Index – 9:45, Pending Home Sales Index - 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30.<br />
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International: Germany Retail Sales – 2:00 AM, France PPI & CPI – 2:45 AM, Germany Unemployment Rate – 3:55 AM, Eurozone Unemployment Rate – 5:00 AM, China PMI Manufacturing Index – 9:45 PM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 850px;"> <tbody>
<tr> <td align="center" valign="bottom" width="133"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="94"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="125"><b><u>8/25 CLOSE</u></b></td> <td align="center" valign="bottom" width="134"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="123"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="115"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="116"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="133">CPB</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$51.40</td> <td align="center" valign="bottom" width="134">1,594,050</td> <td align="center" valign="bottom" width="123">4.59%</td> <td align="center" valign="bottom" width="115">$53.51</td> <td align="center" valign="bottom" width="116">$52.88</td></tr>
<tr> <td align="center" valign="bottom" width="133">DG</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$77.67</td> <td align="center" valign="bottom" width="134">3,096,050</td> <td align="center" valign="bottom" width="123">7.41%</td> <td align="center" valign="bottom" width="115">$75.37</td> <td align="center" valign="bottom" width="116">$75.36</td></tr>
<tr> <td align="center" valign="bottom" width="133">MBLY</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$63.25</td> <td align="center" valign="bottom" width="134">2,642,620</td> <td align="center" valign="bottom" width="123">2.79%</td> <td align="center" valign="bottom" width="115">$63.23</td> <td align="center" valign="bottom" width="116">$62.99</td></tr>
<tr> <td align="center" valign="bottom" width="133">TD</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$51.94</td> <td align="center" valign="bottom" width="134">1,261,150</td> <td align="center" valign="bottom" width="123">0.64%</td> <td align="center" valign="bottom" width="115">$50.98</td> <td align="center" valign="bottom" width="116">$51.16</td></tr>
<tr> <td align="center" valign="bottom" width="133">AMBA</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="125">$52.98</td> <td align="center" valign="bottom" width="134">1,018,910</td> <td align="center" valign="bottom" width="123">8.15%</td> <td align="center" valign="bottom" width="115">$51.52</td> <td align="center" valign="bottom" width="116">$51.58</td></tr>
<tr> <td align="center" valign="bottom" width="133">LULU</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="125">$60.21</td> <td align="center" valign="bottom" width="134">2,548,280</td> <td align="center" valign="bottom" width="123">15.14%</td> <td align="center" valign="bottom" width="115">$59.61</td> <td align="center" valign="bottom" width="116">$60.73</td></tr>
<tr> <td align="center" valign="bottom" width="133">PANW</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="125">$128.63</td> <td align="center" valign="bottom" width="134">1,551,780</td> <td align="center" valign="bottom" width="123">15.43%</td> <td align="center" valign="bottom" width="115">$131.05</td> <td align="center" valign="bottom" width="116">$133.78</td></tr>
<tr> <td align="center" valign="bottom" width="133">RH</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="125">$45.43</td> <td align="center" valign="bottom" width="134">2,441,390</td> <td align="center" valign="bottom" width="123">15.46%</td> <td align="center" valign="bottom" width="115">$49.38</td> <td align="center" valign="bottom" width="116">$62.44</td></tr>
</tbody></table>
<br />
<b><u><br /></u></b> <b><u>Friday, September 1:</u></b><br />
<b><u></u></b> <br />
Economic: Motor Vehicle Sales, Employment Situation – 8:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 110:00, Construction Spending – 10:00, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
<a href="https://draft.blogger.com/null" name="_Hlk479354457"></a><a href="https://draft.blogger.com/null" name="_Hlk478788524"></a><a href="https://draft.blogger.com/null" name="_Hlk487913048"></a><a href="https://draft.blogger.com/null" name="_Hlk481914915"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a><a href="https://draft.blogger.com/null" name="_Hlk480626961"></a><a href="https://draft.blogger.com/null" name="_Hlk483140984"></a>International: Germany PMI Manufacturing Index – 3:55 AM, Eurozone PMI Manufacturing Index – 4:00 AM.<br />
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Earnings: None meeting scan criteria.<br />
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<b><u>Monday, September 4:</u></b><br />
<b><u></u></b> <br />
<a href="https://draft.blogger.com/null" name="_Hlk4819149151"></a><a href="https://draft.blogger.com/null" name="_Hlk4811596471"></a><a href="https://draft.blogger.com/null" name="_Hlk4806269611"></a><a href="https://draft.blogger.com/null" name="_Hlk4831409841"></a><b>U.S. Holiday: Labor Day – Markets Closed.</b> <br />
<b><br /></b> <a href="https://draft.blogger.com/null" name="_Hlk4879130481"></a>International: Eurozone PPI – 5:00 AM.<br />
<br />
<b><u>Tuesday, September 5:</u></b><br />
<b><u></u></b> <br />
Economic: Factory Orders – 10:00, Gallup US ECI – 2:00.<br />
<br />
International: Germany PMI Composite – 3:55AM, Eurozone PMI Composite – 4:00AM, Eurozone GDP – 5:00AM, Eurozone Retail Sales – 5:00AM.<br />
<br />
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to speak at a moderated Q&A at the 1st Tuesday Speaker Series at Carlson School of Management in Minneapolis, with audience Q&A – 2:00 PM, Dallas Federal Reserve Bank President Robert Kaplan to participate in a moderated Q&A session in Dallas, with audience and media Q&A – 7:00 PM.<br />
<br />
Earnings: None meeting scan criteria.<br />
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<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-88497928585847266782017-08-19T09:56:00.002-05:002017-08-19T09:56:50.410-05:00Market News for the Prepared Mind: 8.21 – 8.28.2017<div align="center">
<br /></div>
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="center">
“There is only one side of the market and it is not the bull side or the bear side,</div>
<div align="center">
but the right side.” – Jesse Livermore</div>
<div align="center">
<br /></div>
<div align="center">
“I love to talk about nothing. It's the only thing I know anything about.” – Oscar Wilde</div>
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“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</div>
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“There is a profound difference between information and meaning.” – Warren Bennis</div>
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I am posting a truncated version of the Prepared Mind. The weekly numbers and economic calendar are here, but without commentary.<br />
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Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 953px;"> <tbody>
<tr> <td align="center" valign="bottom" width="319"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="90"><b><u>18-Aug</u></b></td> <td align="center" valign="bottom" width="135"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="110"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="109"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="180"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="319">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="90">21674.51</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(183.81)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-0.84%</span></td> <td align="center" valign="bottom" width="109">9.67%</td> <td align="center" valign="bottom" width="179">13.28% (VXD)</td></tr>
<tr> <td valign="bottom" width="319">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="90">2425.55</td> <td align="center" valign="bottom" width="135"><span style="background-color: white;"><span style="color: red;">(15.77)</span></span></td> <td align="center" valign="bottom" width="110"><span style="background-color: white;"><span style="color: red;">-0.65%</span></span></td> <td align="center" valign="bottom" width="109">8.37%</td> <td align="center" valign="bottom" width="179">14.26% (VIX)</td></tr>
<tr> <td valign="bottom" width="319">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="90">5790.91</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(40.62)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-0.70%</span></td> <td align="center" valign="bottom" width="109">19.07%</td> <td align="center" valign="bottom" width="179">17.85% (VXN)</td></tr>
<tr> <td valign="bottom" width="319">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="90">1357.79</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(16.44)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-1.20%</span></td> <td align="center" valign="bottom" width="109">0.05%</td> <td align="center" valign="bottom" width="179">17.76% (RVX)</td></tr>
<tr> <td valign="bottom" width="319">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="90">1073.52</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(8.28)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-0.77</span>%</td> <td align="center" valign="bottom" width="109">8.28%</td> <td align="center" valign="bottom" width="179">12.91% (VXO)</td></tr>
<tr> <td valign="bottom" width="319">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="90">4381.90</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(79.25)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-1.78%</span></td> <td align="center" valign="bottom" width="109">8.16%</td> <td align="center" valign="bottom" width="179">NA</td></tr>
<tr> <td valign="bottom" width="319">Crude Oil (CLV7)</td> <td align="center" valign="bottom" width="90">48.90</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(0.01)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-0.02%</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-9.26%</span></td> <td align="center" valign="bottom" width="179">27.53%(OVX)</td></tr>
<tr> <td valign="bottom" width="319">Gold (GCZ7)</td> <td align="center" valign="bottom" width="90">1290.30</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(5.40)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-0.42%</span></td> <td align="center" valign="bottom" width="109">12.01%</td> <td align="center" valign="bottom" width="179">12.12 (GVZ)</td></tr>
<tr> <td valign="bottom" width="319">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="90">14.26</td> <td align="center" valign="bottom" width="135"><span style="color: red;">(1.25)</span></td> <td align="center" valign="bottom" width="110"><span style="color: red;">-8.06%</span></td> <td align="center" valign="bottom" width="109">NA</td> <td align="center" valign="bottom" width="180"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b><br /></b>
<b></b> <br />
<a href="https://www.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<table border="5" cellpadding="0" cellspacing="0" style="width: 986px;"> <tbody>
<tr> <td align="center" valign="bottom" width="406"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="90"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="108"><b><u>18-Aug</u></b></td> <td align="center" valign="bottom" width="124"><b><u>11-Aug</u></b></td> <td align="center" valign="bottom" width="127"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="121"><b><u>% Change</u></b></td></tr>
<tr> <td width="406">CBOE Volatility Index</td> <td align="center" valign="bottom" width="90">VIX</td> <td align="center" valign="bottom" width="108">14.26</td> <td align="center" valign="bottom" width="124">15.51</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(1.25)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-8.06%</span></td></tr>
<tr> <td width="406">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="90">VXU7</td> <td align="center" valign="bottom" width="108">14.975</td> <td align="center" valign="bottom" width="124">15.275</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.30)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-1.96%</span></td></tr>
<tr> <td width="406">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="90">VXV7</td> <td align="center" valign="bottom" width="108">15.125</td> <td align="center" valign="bottom" width="124">15.525</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.40)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-2.58%</span></td></tr>
<tr> <td width="406">VIX November Future (11/15/2017)</td> <td align="center" valign="bottom" width="90">VXX7</td> <td align="center" valign="bottom" width="108">15.375</td> <td align="center" valign="bottom" width="124">15.525</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.15)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-0.97%</span></td></tr>
<tr> <td width="406">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="90">VXST</td> <td align="center" valign="bottom" width="108">13.17</td> <td align="center" valign="bottom" width="124">15.53</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(2.36)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-15.20%</span></td></tr>
<tr> <td width="406">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="90">VXV</td> <td align="center" valign="bottom" width="108">15.65</td> <td align="center" valign="bottom" width="124">16.39</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.74)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-4.51%</span></td></tr>
<tr> <td width="406">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="90">VXMT</td> <td align="center" valign="bottom" width="108">16.38</td> <td align="center" valign="bottom" width="124">16.86</td> <td align="center" valign="bottom" width="127">(0.48)</td> <td align="center" valign="bottom" width="121"><span style="color: red;">-2.85%</span></td></tr>
<tr> <td width="406">VIX of VIX</td> <td align="center" valign="bottom" width="90">VVIX</td> <td align="center" valign="bottom" width="108">114.39</td> <td align="center" valign="bottom" width="124">127.43</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(13.04)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-10.23%</span></td></tr>
<tr> <td width="406">CBOE SKEW Index</td> <td align="center" valign="bottom" width="90">SKEW</td> <td align="center" valign="bottom" width="108">128.86</td> <td align="center" valign="bottom" width="124">136.48</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(7.62)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-5.58%</span></td></tr>
<tr> <td width="406"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="90"></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="124"></td> <td align="center" valign="bottom" width="127"></td> <td align="center" valign="bottom" width="121"></td></tr>
<tr> <td width="406">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="90">UVXY</td> <td align="center" valign="bottom" width="108">38.97</td> <td align="center" valign="bottom" width="124">43.09</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(4.12)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-9.56%</span></td></tr>
<tr> <td width="406">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="90">VXX</td> <td align="center" valign="bottom" width="108">13.30</td> <td align="center" valign="bottom" width="124">13.66</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.36)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-2.64%</span></td></tr>
<tr> <td width="406">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="90">VIXY</td> <td align="center" valign="bottom" width="108">44.19</td> <td align="center" valign="bottom" width="124">45.50</td> <td align="center" valign="bottom" width="127"><span style="color: orange;">(1.31)</span></td> <td align="center" valign="bottom" width="121"><span style="color: orange;">-2.88%</span></td></tr>
<tr> <td width="406">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="90">VXZ</td> <td align="center" valign="bottom" width="108">22.51</td> <td align="center" valign="bottom" width="124">23.20</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.69)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-2.97%</span></td></tr>
<tr> <td width="406"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="90"></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="124"></td> <td align="center" valign="bottom" width="127"></td> <td align="center" valign="bottom" width="121"></td></tr>
<tr> <td width="406">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="90">SVXY</td> <td align="center" valign="bottom" width="108">70.66</td> <td align="center" valign="bottom" width="124">71.88</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(1.22)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-1.70%</span></td></tr>
<tr> <td width="406">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="90">XIV</td> <td align="center" valign="bottom" width="108">73.89</td> <td align="center" valign="bottom" width="124">74.58</td> <td align="center" valign="bottom" width="127"><span style="color: red;">(0.69)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-0.93%</span></td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b><br /></b>
<b><i></i></b> <br />
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<br />
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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.<br />
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<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
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“A man without ethics is a wild beast loosed up this world.” – Albert Camus</div>
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“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</div>
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“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
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“What we learn from history is that people don’t learn from history.” – Warren Buffet</div>
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“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> <br />
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<b><u>Monday August 21:</u></b><br />
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Economic: Chicago Fed National Activity Index – 8:30.<br />
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International Economic: Japan All Industry Index – 12:30AM.<br />
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<b><u>Tuesday August 22:</u></b><br />
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Economic: Redbook – 8:55, FHFA House Price Index – 10:00, Richmond Fed Manufacturing Index – 10:00.<br />
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International: Great Britain CBI Industrial Trends Survey – 6:00AM.<br />
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<b><u>Wednesday August 23:</u></b> <br />
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Economic: MBA Mortgage Applications – 7:00, New Home Sales – 10:00, EIA Petroleum Status Report – 10:30.<br />
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International Economic: No major announcements.<br />
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<b><u>Thursday August 24:</u></b><br />
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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.<br />
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International Economic: Germany PMI Composite Flash – 3:30AM, Eurozone PMI Composite Flash – 4:00AM, Great Britain GDP – 4:30AM.<br />
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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.<br />
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<b><u>Friday August 25:</u></b><br />
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Economic: Durable Goods Orders – 8:30, Baker Hughes Rig Count – 1:00.<br />
International Economic: Germany GDP – 2:00AM<br />
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Other: Jackson Hole Economic Symposium continues through Saturday. <b>Federal Reserve Chair</b> <b>Janet Yellen</b> to speak at Federal Reserve Bank of Kansas City Economic Symposium on Financial Stability in Jackson Hole.- 10:00AM.<br />
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<a href="https://www.blogger.com/null" name="_Hlk484977315"></a><a href="https://www.blogger.com/null" name="_Hlk478787736"></a> <br />
<a href="https://www.blogger.com/null" name="_Hlk479354457"></a><a href="https://www.blogger.com/null" name="_Hlk478788524"></a><a href="https://www.blogger.com/null" name="_Hlk487913048"></a><a href="https://www.blogger.com/null" name="_Hlk481914915"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk483140984"></a><b><u>Monday August 28:</u></b><br />
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<a href="https://www.blogger.com/null" name="_Hlk4819149151"></a><a href="https://www.blogger.com/null" name="_Hlk4811596471"></a><a href="https://www.blogger.com/null" name="_Hlk4806269611"></a><a href="https://www.blogger.com/null" name="_Hlk4831409841"></a>Economic: International Trade in Goods – 8:30, Dallas Fed Manufacturing Survey 10:30.<br />
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International Economic: No major announcements.<br />
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Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-5277600025016259292017-08-13T21:00:00.000-05:002017-08-16T07:55:11.113-05:00Market News for the Prepared Mind: 8.14 – 8.21.2017<br />
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"Chance favors the Prepared Mind." - Louis Pasteur</div>
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“There is only one side of the market and it is not the bull side or the bear side,</div>
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but the right side.” – Jesse Livermore</div>
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“I love to talk about nothing. It's the only thing I know anything about.” – Oscar Wilde</div>
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“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</div>
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“Better to have a simple model backed by excellent people than the other way around.” Paul Carrett</div>
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<b><u>NB</u></b><b>: </b>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.</div>
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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.</div>
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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.</div>
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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.</div>
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<br /></div>
Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 998px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="320"><b><u>Index</u></b></td>
<td align="center" valign="bottom" width="142"><b><u>11-Aug</u></b></td>
<td align="center" valign="bottom" width="121"><b><u>Change </u></b></td>
<td align="center" valign="bottom" width="115"><b><u>% Weekly</u></b></td>
<td align="center" valign="bottom" width="119"><b><u>2017 YTD</u></b></td>
<td align="center" valign="bottom" width="171"><b><u>Volatility of Index</u></b></td></tr>
<tr>
<td valign="bottom" width="320">Dow Jones Industrials (DJIA)</td>
<td align="center" valign="bottom" width="142">21858.32</td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(234.49)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-1.06%</span></b></td>
<td align="center" valign="bottom" width="119"><b>10.60%</b></td>
<td valign="bottom" width="171">13.89% (VXD)</td></tr>
<tr>
<td valign="bottom" width="320">S&P 500 (SPX)</td>
<td align="center" valign="bottom" width="142">2441.32</td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(35.51)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-1.43%</span></b></td>
<td align="center" valign="bottom" width="119"><b>9.07%</b></td>
<td valign="bottom" width="171">15.51% (VIX)</td></tr>
<tr>
<td valign="bottom" width="320">NASDAQ 100 (NDX)</td>
<td align="center" valign="bottom" width="142">5831.53</td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(68.38)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-1.16%</span></b></td>
<td align="center" valign="bottom" width="119"><b>19.90%</b></td>
<td valign="bottom" width="171">17.77% (VXN)</td></tr>
<tr>
<td valign="bottom" width="320">Russell 2000 (RUT)</td>
<td align="center" valign="bottom" width="142">1374.23</td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(38.09)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-2.70%</span></b></td>
<td align="center" valign="bottom" width="119"><b>1.26%</b></td>
<td valign="bottom" width="171">19.59% (RVX)</td></tr>
<tr>
<td valign="bottom" width="320">S&P 100 (OEX)</td>
<td align="center" valign="bottom" width="142">1081.80</td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(13.62)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-1.24%</span></b></td>
<td align="center" valign="bottom" width="119"><b>9.12%</b></td>
<td valign="bottom" width="171">12.87% (VXO)</td></tr>
<tr>
<td valign="bottom" width="320">Dow Jones Transportation (TRAN)</td>
<td align="center" valign="bottom" width="142">4461.15</td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(50.81)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-1.13%</span></b></td>
<td align="center" valign="bottom" width="119"><b>10.11%</b></td>
<td valign="bottom" width="171"><span style="color: black;">NA</span></td></tr>
<tr>
<td valign="bottom" width="320"><span style="color: black;">Crude Oil (CLU7)</span></td>
<td align="center" valign="bottom" width="142"><span style="color: black;">48.77</span></td>
<td align="center" valign="bottom" width="121"><b><span style="color: red;">(0.74)</span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: red;">-1.49%</span></b></td>
<td align="center" valign="bottom" width="119"><b><span style="color: red;">-9.50%</span></b></td>
<td valign="bottom" width="171">28.41%(OVX)</td></tr>
<tr>
<td valign="bottom" width="320">Gold (GCZ7)</td>
<td align="center" valign="bottom" width="142">1295.70</td>
<td align="center" valign="bottom" width="121"><b><span style="color: #9bbb59;">30.90 </span></b></td>
<td align="center" valign="bottom" width="115"><b><span style="color: #9bbb59;">2.44%</span></b></td>
<td align="center" valign="bottom" width="119"><b><span style="color: #9bbb59;">12.47%</span></b></td>
<td valign="bottom" width="171">13.45 (GVZ)</td></tr>
<tr>
<td valign="bottom" width="320">CBOE Volatility Index (VIX)</td>
<td align="center" valign="bottom" width="143">15.51</td>
<td align="center" valign="bottom" width="122"><b><span style="color: #9bbb59;">5.48 </span></b></td>
<td align="center" valign="bottom" width="116"><b><span style="color: #9bbb59;">54.64%</span></b></td>
<td align="center" valign="bottom" width="119"><span style="color: #9bbb59;">NA</span></td>
<td valign="bottom" width="172"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b>
<br />
<b><br /></b> <b></b>
<br />
<div style="text-align: justify;">
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.</div>
<br />
<a href="https://www.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 987px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="431"><b><u>Indexes</u></b></td>
<td align="center" valign="bottom" width="133"><b><u>Ticker</u></b></td>
<td align="center" valign="bottom" width="99"><b><u>11-Aug</u></b></td>
<td align="center" valign="bottom" width="92"><b><u>4-Aug</u></b></td>
<td align="center" valign="bottom" width="105"><b><u>Change </u></b></td>
<td align="center" valign="bottom" width="117"><b><u>% Change</u></b></td></tr>
<tr>
<td valign="bottom" width="431">S&P 500<u></u></td>
<td align="center" valign="bottom" width="133">SPX</td>
<td align="center" valign="bottom" width="99">2441.32</td>
<td align="center" valign="bottom" width="92">2476.83</td>
<td align="center" valign="bottom" width="105"><span style="color: red;"><b>(35.51)</b><b></b></span></td>
<td align="center" valign="bottom" width="117"><b><span style="color: red;">-1.43%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">CBOE Volatility Index</td>
<td align="center" valign="bottom" width="133">VIX</td>
<td align="center" valign="bottom" width="99">15.51</td>
<td align="center" valign="bottom" width="92">10.03</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">5.48 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">54.64%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">VIX August Future (8/18/2017)</td>
<td align="center" valign="bottom" width="133">VXQ7</td>
<td align="center" valign="bottom" width="99">15.425</td>
<td align="center" valign="bottom" width="92">11.275</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">4.15 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">36.81%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">VIX September Future (9/20/2017)</td>
<td align="center" valign="bottom" width="133">VXU7</td>
<td align="center" valign="bottom" width="99">15.275</td>
<td align="center" valign="bottom" width="92">12.775</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">2.50 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">19.57%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">VIX October Future (10/18/2017)</td>
<td align="center" valign="bottom" width="133">VXV7</td>
<td align="center" valign="bottom" width="99">15.525</td>
<td align="center" valign="bottom" width="92">13.525</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">2.00 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">14.79%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">CBOE Short-term Volatility Index</td>
<td align="center" valign="bottom" width="133">VXST</td>
<td align="center" valign="bottom" width="99">15.53</td>
<td align="center" valign="bottom" width="92">8.58</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">6.95 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">81.00%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">CBOE 3 Month Volatility Index</td>
<td align="center" valign="bottom" width="133">VXV</td>
<td align="center" valign="bottom" width="99">16.39</td>
<td align="center" valign="bottom" width="92">12.75</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">3.64 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">28.55%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">CBOE Mid-term Volatility Index (6 month)</td>
<td align="center" valign="bottom" width="133">VXMT</td>
<td align="center" valign="bottom" width="99">16.86</td>
<td align="center" valign="bottom" width="92">14.25</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">2.61 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">18.32%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">VIX of VIX</td>
<td align="center" valign="bottom" width="133">VVIX</td>
<td align="center" valign="bottom" width="99">127.43</td>
<td align="center" valign="bottom" width="92">87.39</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">40.04 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">45.82%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">CBOE SKEW Index</td>
<td align="center" valign="bottom" width="133">SKEW</td>
<td align="center" valign="bottom" width="99">136.48</td>
<td align="center" valign="bottom" width="92">138.32</td>
<td align="center" valign="bottom" width="105"><span style="color: red;"><b>(1.84)</b><b></b></span></td>
<td align="center" valign="bottom" width="117"><b><span style="color: red;">-1.33%</span></b></td></tr>
<tr>
<td valign="bottom" width="431"><b><u>Long VIX ETP's</u></b></td>
<td align="center" valign="bottom" width="133"></td>
<td align="center" valign="bottom" width="99"></td>
<td align="center" valign="bottom" width="92"></td>
<td align="center" valign="bottom" width="105"><b></b></td>
<td align="center" valign="bottom" width="117"><b></b></td></tr>
<tr>
<td valign="bottom" width="431">ProShares Ultra VIX Short Term Futures ETF</td>
<td align="center" valign="bottom" width="133">UVXY</td>
<td align="center" valign="bottom" width="99">43.09</td>
<td align="center" valign="bottom" width="92">29.79</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">13.30 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">44.65%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">iPath S&P 500 VIX Short Term Futures ETN</td>
<td align="center" valign="bottom" width="133">VXX</td>
<td align="center" valign="bottom" width="99">13.66</td>
<td align="center" valign="bottom" width="92">11.19</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">2.47 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">22.07%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">ProShares VIX Short Term Futures ETF</td>
<td align="center" valign="bottom" width="133">VIXY</td>
<td align="center" valign="bottom" width="99">45.50</td>
<td align="center" valign="bottom" width="92">37.31</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">8.19 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">21.95%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">iPath S&P 500 VIX Mid-Term Futures ETN</td>
<td align="center" valign="bottom" width="133">VXZ</td>
<td align="center" valign="bottom" width="99">23.20</td>
<td align="center" valign="bottom" width="92">21.19</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">2.01 </span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">9.49%</span></b></td></tr>
<tr>
<td valign="bottom" width="431"><b><u>Inverse VIX ETP's </u></b></td>
<td align="center" valign="bottom" width="133"></td>
<td align="center" valign="bottom" width="99"></td>
<td align="center" valign="bottom" width="92"></td>
<td align="center" valign="bottom" width="105"><b></b></td>
<td align="center" valign="bottom" width="117"><b></b></td></tr>
<tr>
<td valign="bottom" width="431">ProShares Short VIX Short Term Future ETF</td>
<td align="center" valign="bottom" width="133">SVXY</td>
<td align="center" valign="bottom" width="99">71.88</td>
<td align="center" valign="bottom" width="92">90.77</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">(18.89)</span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">-20.81%</span></b></td></tr>
<tr>
<td valign="bottom" width="431">Daily Inverse VIX Short Term ETN</td>
<td align="center" valign="bottom" width="133">XIV</td>
<td align="center" valign="bottom" width="99">74.58</td>
<td align="center" valign="bottom" width="92">94.29</td>
<td align="center" valign="bottom" width="105"><b><span style="color: #9bbb59;">(19.71)</span></b></td>
<td align="center" valign="bottom" width="117"><b><span style="color: #9bbb59;">-20.90%</span></b></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b>
<br />
<b><br /></b> <b><i></i></b> 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.<br />
<br />
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.<br />
<br />
<b><u></u></b> Advice to stimulate your imagination:<br />
<br />
<div align="center">
“A man without ethics is a wild beast loosed up this world.” – Albert Camus</div>
<div align="center">
<br /></div>
<div align="center">
“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</div>
<div align="center">
<br /></div>
<div align="center">
“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
<div align="center">
<br /></div>
<div align="center">
“What we learn from history is that people don’t learn from history.” – Warren Buffet</div>
<div align="center">
<br /></div>
<div align="center">
“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong>
</div>
<div align="center">
<br /></div>
<strong></strong> <b><u>Monday August 14:</u></b>
<br />
<b><u><br /></u></b> <b><u></u></b> Economic: No major announcements.<br />
<br />
International Economic: Eurozone Industrial Production – 5:00AM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 843px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="156"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="129"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="104"><b><u>8/11 Close</u></b></td>
<td align="center" valign="bottom" width="113"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="139"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="95"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="97"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="159">JD</td>
<td align="center" valign="bottom" width="128">BMO</td>
<td align="center" valign="bottom" width="104">$45.90</td>
<td align="center" valign="bottom" width="114">11,189,500</td>
<td align="center" valign="bottom" width="138">6.19%</td>
<td align="center" valign="bottom" width="94">$46.25</td>
<td align="center" valign="bottom" width="96">$43.85</td></tr>
<tr>
<td align="center" valign="bottom" width="161">SYY</td>
<td align="center" valign="bottom" width="127">BMO</td>
<td align="center" valign="bottom" width="104">$51.58</td>
<td align="center" valign="bottom" width="115">2,975,760</td>
<td align="center" valign="bottom" width="139">1.64%</td>
<td align="center" valign="bottom" width="95">$52.12</td>
<td align="center" valign="bottom" width="97">$50.94</td></tr>
</tbody></table>
<b><u><br /></u></b> <b><u>Tuesday August 15:</u></b>
<br />
<b><u><br /></u></b> <b><u></u></b> 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.<br />
<br />
International: Germany GDP Flash - 2:00AM, Great Britain CPI and PPI – 4:30AM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 845px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="127"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="87"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="117"><b><u>8/11 Close</u></b></td>
<td align="center" valign="bottom" width="151"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="137"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="107"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="109"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="127">AAP</td>
<td align="center" valign="bottom" width="87">BMO</td>
<td align="center" valign="bottom" width="117">$107.34</td>
<td align="center" valign="bottom" width="151">1,854,100</td>
<td align="center" valign="bottom" width="137">4.90%</td>
<td align="center" valign="bottom" width="107">$110.48</td>
<td align="center" valign="bottom" width="109">$107.27</td></tr>
<tr>
<td align="center" valign="bottom" width="127">COH</td>
<td align="center" valign="bottom" width="87">BMO</td>
<td align="center" valign="bottom" width="117">$47.55</td>
<td align="center" valign="bottom" width="151">2,646,440</td>
<td align="center" valign="bottom" width="137">3.02%</td>
<td align="center" valign="bottom" width="107">$47.41</td>
<td align="center" valign="bottom" width="109">$47.31</td></tr>
<tr>
<td align="center" valign="bottom" width="127">HD</td>
<td align="center" valign="bottom" width="87">BMO</td>
<td align="center" valign="bottom" width="117">$154.88</td>
<td align="center" valign="bottom" width="151">4,747,060</td>
<td align="center" valign="bottom" width="137">1.00%</td>
<td align="center" valign="bottom" width="107">$151.55</td>
<td align="center" valign="bottom" width="109">$150.11</td></tr>
<tr>
<td align="center" valign="bottom" width="127">TJX</td>
<td align="center" valign="bottom" width="87">BMO</td>
<td align="center" valign="bottom" width="117">$71.07</td>
<td align="center" valign="bottom" width="151">4,819,050</td>
<td align="center" valign="bottom" width="137">2.53%</td>
<td align="center" valign="bottom" width="107">$70.39</td>
<td align="center" valign="bottom" width="109">$69.38</td></tr>
<tr>
<td align="center" valign="bottom" width="127">A</td>
<td align="center" valign="bottom" width="87">AMC</td>
<td align="center" valign="bottom" width="117">$59.33</td>
<td align="center" valign="bottom" width="151">1,908,560</td>
<td align="center" valign="bottom" width="137">2.98%</td>
<td align="center" valign="bottom" width="107">$59.99</td>
<td align="center" valign="bottom" width="109">$60.03</td></tr>
<tr>
<td align="center" valign="bottom" width="127">JKHY</td>
<td align="center" valign="bottom" width="87">AMC</td>
<td align="center" valign="bottom" width="117">$105.74</td>
<td align="center" valign="bottom" width="151">570,145</td>
<td align="center" valign="bottom" width="137">1.56%</td>
<td align="center" valign="bottom" width="107">$106.50</td>
<td align="center" valign="bottom" width="109">$106.03</td></tr>
</tbody></table>
<b><u><br /></u></b> <b><u>Wednesday August 16:</u></b>
<br />
<b><u><br /></u></b> Economic: MBA Mortgage Applications – 7:00, Housing Starts – 8:30, Atlanta Fed Business Inflation Expectations 10:00, EIA Petroleum Status Report – 10:30.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk479355929">International Economic:</a> Great Britain Labour Report – 4:30AM. Eurozone GDP Flash – 5:00AM, Japan Merchandise Trade – 7:50PM.<br />
Other: FOMC Minutes – 3:00PM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 850px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="132"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="103"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="121"><b><u>8/11 Close</u></b></td>
<td align="center" valign="bottom" width="136"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="141"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="91"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="116"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="132">CACI</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$128.55</td>
<td align="center" valign="bottom" width="136">120,466</td>
<td align="center" valign="bottom" width="141">2.97%</td>
<td align="center" valign="bottom" width="91">$128.29</td>
<td align="center" valign="bottom" width="116">$128.32</td></tr>
<tr>
<td align="center" valign="bottom" width="132">CSCO</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$31.47</td>
<td align="center" valign="bottom" width="136">21,578,700</td>
<td align="center" valign="bottom" width="141">3.59%</td>
<td align="center" valign="bottom" width="91">$31.56</td>
<td align="center" valign="bottom" width="116">$31.46</td></tr>
<tr>
<td align="center" valign="bottom" width="132">CTRP</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$53.85</td>
<td align="center" valign="bottom" width="136">3,379,010</td>
<td align="center" valign="bottom" width="141">3.46%</td>
<td align="center" valign="bottom" width="91">$58.07</td>
<td align="center" valign="bottom" width="116">$56.73</td></tr>
<tr>
<td align="center" valign="bottom" width="132">LB</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$40.88</td>
<td align="center" valign="bottom" width="136">3,697,260</td>
<td align="center" valign="bottom" width="141">3.90%</td>
<td align="center" valign="bottom" width="91">$43.70</td>
<td align="center" valign="bottom" width="116">$48.60</td></tr>
<tr>
<td align="center" valign="bottom" width="132">NTAP</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$41.49</td>
<td align="center" valign="bottom" width="136">3,229,650</td>
<td align="center" valign="bottom" width="141">5.21%</td>
<td align="center" valign="bottom" width="91">$42.85</td>
<td align="center" valign="bottom" width="116">$41.72</td></tr>
<tr>
<td align="center" valign="bottom" width="132">OSIS</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$80.98</td>
<td align="center" valign="bottom" width="136">123,352</td>
<td align="center" valign="bottom" width="141">9.55%</td>
<td align="center" valign="bottom" width="91">$79.70</td>
<td align="center" valign="bottom" width="116">$78.23</td></tr>
<tr>
<td align="center" valign="bottom" width="132">PRXL</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$87.62</td>
<td align="center" valign="bottom" width="136">1,144,680</td>
<td align="center" valign="bottom" width="141">6.89%</td>
<td align="center" valign="bottom" width="91">$87.55</td>
<td align="center" valign="bottom" width="116">$87.38</td></tr>
<tr>
<td align="center" valign="bottom" width="132">SNPS</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$76.27</td>
<td align="center" valign="bottom" width="136">1,028,220</td>
<td align="center" valign="bottom" width="141">5.33%</td>
<td align="center" valign="bottom" width="91">$76.50</td>
<td align="center" valign="bottom" width="116">$74.75</td></tr>
<tr>
<td align="center" valign="bottom" width="132">TGT</td>
<td align="center" valign="bottom" width="103">AMC</td>
<td align="center" valign="bottom" width="121">$55.65</td>
<td align="center" valign="bottom" width="136">7,721,120</td>
<td align="center" valign="bottom" width="141">6.42%</td>
<td align="center" valign="bottom" width="91">$57.06</td>
<td align="center" valign="bottom" width="116">$54.62</td></tr>
</tbody></table>
<b><u><br /></u></b> <b><u>Thursday August 17:</u></b>
<br />
<b><u><br /></u></b> <b><u></u></b> 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.<br />
<br />
International Economic: Great Britain Retail Sales – 4:30Am, Eurozone Merchandise Trade – 5:00AM.<br />
<br />
Other: European Central Bank Minutes – 7:30AM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 842px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="130"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="90"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="108"><b><u>8/11 Close</u></b></td>
<td align="center" valign="bottom" width="134"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="143"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="98"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="129"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="130">BABA</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="108">$151.70</td>
<td align="center" valign="bottom" width="134">17,896,800</td>
<td align="center" valign="bottom" width="143">2.83%</td>
<td align="center" valign="bottom" width="98">$155.06</td>
<td align="center" valign="bottom" width="129">$150.35</td></tr>
<tr>
<td align="center" valign="bottom" width="130">HTHT</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="108">$99.36</td>
<td align="center" valign="bottom" width="134">254,998</td>
<td align="center" valign="bottom" width="143">4.41%</td>
<td align="center" valign="bottom" width="98">$100.92</td>
<td align="center" valign="bottom" width="129">$91.84</td></tr>
<tr>
<td align="center" valign="bottom" width="130">LANC</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="108">$123.11</td>
<td align="center" valign="bottom" width="134">119,364</td>
<td align="center" valign="bottom" width="143">4.25%</td>
<td align="center" valign="bottom" width="98">$123.07</td>
<td align="center" valign="bottom" width="129">$124.48</td></tr>
<tr>
<td align="center" valign="bottom" width="130">MSG</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="108">$215.66</td>
<td align="center" valign="bottom" width="134">128,323</td>
<td align="center" valign="bottom" width="143">1.25%</td>
<td align="center" valign="bottom" width="98">$217.21</td>
<td align="center" valign="bottom" width="129">$205.82</td></tr>
<tr>
<td align="center" valign="bottom" width="130">WMT</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="108">$80.40</td>
<td align="center" valign="bottom" width="134">9,052,650</td>
<td align="center" valign="bottom" width="143">3.03%</td>
<td align="center" valign="bottom" width="98">$80.71</td>
<td align="center" valign="bottom" width="129">$77.56</td></tr>
<tr>
<td align="center" valign="bottom" width="130">AMAT</td>
<td align="center" valign="bottom" width="90">AMC</td>
<td align="center" valign="bottom" width="108">$43.08</td>
<td align="center" valign="bottom" width="134">10,802,700</td>
<td align="center" valign="bottom" width="143">0.62%</td>
<td align="center" valign="bottom" width="98">$43.56</td>
<td align="center" valign="bottom" width="129">$44.58</td></tr>
<tr>
<td align="center" valign="bottom" width="130">ATGE</td>
<td align="center" valign="bottom" width="90">AMC</td>
<td align="center" valign="bottom" width="108">$33.25</td>
<td align="center" valign="bottom" width="134">743,034</td>
<td align="center" valign="bottom" width="143">None</td>
<td align="center" valign="bottom" width="98">$33.12</td>
<td align="center" valign="bottom" width="129">$35.25</td></tr>
<tr>
<td align="center" valign="bottom" width="130">CIB</td>
<td align="center" valign="bottom" width="90">AMC</td>
<td align="center" valign="bottom" width="108">$43.48</td>
<td align="center" valign="bottom" width="134">365,562</td>
<td align="center" valign="bottom" width="143">2.00%</td>
<td align="center" valign="bottom" width="98">$43.70</td>
<td align="center" valign="bottom" width="129">$43.98</td></tr>
<tr>
<td align="center" valign="bottom" width="130">GLOB</td>
<td align="center" valign="bottom" width="90">AMC</td>
<td align="center" valign="bottom" width="108">$42.96</td>
<td align="center" valign="bottom" width="134">323,077</td>
<td align="center" valign="bottom" width="143">4.18%</td>
<td align="center" valign="bottom" width="98">$44.08</td>
<td align="center" valign="bottom" width="129">$43.66</td></tr>
<tr>
<td align="center" valign="bottom" width="130">ROST</td>
<td align="center" valign="bottom" width="90">AMC</td>
<td align="center" valign="bottom" width="108">$55.56</td>
<td align="center" valign="bottom" width="134">3,673,540</td>
<td align="center" valign="bottom" width="143">3.02%</td>
<td align="center" valign="bottom" width="98">$55.43</td>
<td align="center" valign="bottom" width="129">$54.95</td></tr>
</tbody></table>
<b><u>Friday August 18:</u></b>
<br />
<b><u><br /></u></b> <b><u></u></b> Economic: Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
International Economic: Germany PPI – 2:00AM.<br />
<br />
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.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk484977315"></a><a href="https://www.blogger.com/null" name="_Hlk478787736"></a>Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 849px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="136"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="103"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="120"><b><u>8/11 Close</u></b></td>
<td align="center" valign="bottom" width="133"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="136"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="108"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="103"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="136">DE</td>
<td align="center" valign="bottom" width="103">BMO</td>
<td align="center" valign="bottom" width="120">$126.70</td>
<td align="center" valign="bottom" width="133">2,475,940</td>
<td align="center" valign="bottom" width="136">9.17%</td>
<td align="center" valign="bottom" width="108">$129.68</td>
<td align="center" valign="bottom" width="103">$127.88</td></tr>
<tr>
<td align="center" valign="bottom" width="136">EL</td>
<td align="center" valign="bottom" width="103">BMO</td>
<td align="center" valign="bottom" width="120">$99.65</td>
<td align="center" valign="bottom" width="133">1,674,480</td>
<td align="center" valign="bottom" width="136">3.95%</td>
<td align="center" valign="bottom" width="108">$99.94</td>
<td align="center" valign="bottom" width="103">$98.97</td></tr>
<tr>
<td align="center" valign="bottom" width="136">FL</td>
<td align="center" valign="bottom" width="108">BMO</td>
<td align="center" valign="bottom" width="131">$49.30</td>
<td align="center" valign="bottom" width="147">3,888,560</td>
<td align="center" valign="bottom" width="136">10.20%</td>
<td align="center" valign="bottom" width="108">$48.31</td>
<td align="center" valign="bottom" width="103">$48.09</td></tr>
</tbody></table>
<b><u><br /></u></b> <a href="https://www.blogger.com/null" name="_Hlk479354457"></a><a href="https://www.blogger.com/null" name="_Hlk478788524"></a><a href="https://www.blogger.com/null" name="_Hlk487913048"></a><a href="https://www.blogger.com/null" name="_Hlk481914915"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk483140984"></a><b><u>Monday August 21:</u></b>
<br />
<b><u><br /></u></b> <b><u></u></b> <a href="https://www.blogger.com/null" name="_Hlk4819149151"></a><a href="https://www.blogger.com/null" name="_Hlk4811596471"></a><a href="https://www.blogger.com/null" name="_Hlk4806269611"></a><a href="https://www.blogger.com/null" name="_Hlk4831409841"></a>Economic: Chicago Fed National Activity Index – 8:30.<br />
<br />
International Economic: No major announcements.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk4879130481"></a>Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 849px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="127"><b><u>SYMBOL</u></b><b><u></u></b></td>
<td align="center" valign="bottom" width="88"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="116"><b><u>8/11 Close</u></b></td>
<td align="center" valign="bottom" width="131"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="137"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="107"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="133"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="127">BBL</td>
<td align="center" valign="bottom" width="88">AMC</td>
<td align="center" valign="bottom" width="116">$35.03</td>
<td align="center" valign="bottom" width="131">1,632,510</td>
<td align="center" valign="bottom" width="137">0.45%</td>
<td align="center" valign="bottom" width="107">$35.92</td>
<td align="center" valign="bottom" width="133">$33.98</td></tr>
<tr>
<td align="center" valign="bottom" width="127">BHP</td>
<td align="center" valign="bottom" width="88">AMC</td>
<td align="center" valign="bottom" width="116">$40.35</td>
<td align="center" valign="bottom" width="131">2,557,050</td>
<td align="center" valign="bottom" width="137">0.68%</td>
<td align="center" valign="bottom" width="107">$41.19</td>
<td align="center" valign="bottom" width="133">$39.15</td></tr>
<tr>
<td align="center" valign="bottom" width="127">FN</td>
<td align="center" valign="bottom" width="88">AMC</td>
<td align="center" valign="bottom" width="116">$41.00</td>
<td align="center" valign="bottom" width="131">567,423</td>
<td align="center" valign="bottom" width="137">4.91%</td>
<td align="center" valign="bottom" width="107">$43.23</td>
<td align="center" valign="bottom" width="133">$43.94</td></tr>
<tr>
<td align="center" valign="bottom" width="127">NDSN</td>
<td align="center" valign="bottom" width="88">AMC</td>
<td align="center" valign="bottom" width="116">$127.68</td>
<td align="center" valign="bottom" width="131">359,855</td>
<td align="center" valign="bottom" width="137">6.35%</td>
<td align="center" valign="bottom" width="107">$127.51</td>
<td align="center" valign="bottom" width="133">$124.03</td></tr>
<tr>
<td align="center" valign="bottom" width="127">PINC</td>
<td align="center" valign="bottom" width="88">AMC</td>
<td align="center" valign="bottom" width="116">$33.35</td>
<td align="center" valign="bottom" width="131">380,602</td>
<td align="center" valign="bottom" width="137">3.85%</td>
<td align="center" valign="bottom" width="107">$34.37</td>
<td align="center" valign="bottom" width="133">$34.82</td></tr>
<tr>
<td align="center" valign="bottom" width="127">ZAYO</td>
<td align="center" valign="bottom" width="88">AMC</td>
<td align="center" valign="bottom" width="116">$33.82</td>
<td align="center" valign="bottom" width="131">2,066,120</td>
<td align="center" valign="bottom" width="137">2.34%</td>
<td align="center" valign="bottom" width="108">$32.95</td>
<td align="center" valign="bottom" width="133">$32.13</td></tr>
</tbody></table>
Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-30562263796490921442017-08-06T19:48:00.000-05:002017-08-06T19:49:13.537-05:00Market News for the Prepared Mind: 8.07 – 8.14.2017<br />
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="center">
“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</div>
<div align="center">
<br /></div>
<div align="center">
“I love to talk about nothing. It's the only thing I know anything about.” – Oscar Wilde</div>
<div align="center">
<br /></div>
<div align="center">
“Do you want to know who you are? Don't ask. Act!</div>
<div align="center">
Action will delineate and define you.” – Thomas Jefferson</div>
<div align="center">
<br /></div>
<div align="center">
“Better to have a simple model backed by excellent people</div>
<div align="center">
than the other way around.” Paul Carrett</div>
<div align="center">
<br /></div>
<div align="justify">
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.</div>
<div align="justify">
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 <b><u>eight </u></b>consecutive days.</div>
<div align="justify">
<br /></div>
<div align="justify">
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.</div>
<div align="justify">
<br /></div>
Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 984px;"> <tbody>
<tr> <td align="center" valign="bottom" width="324"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="104"><b><u>4-Aug</u></b></td> <td align="center" valign="bottom" width="95"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="138"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="130"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="183"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="324">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="104">22092.81</td> <td align="center" valign="bottom" width="95">262.50</td> <td align="center" valign="bottom" width="138">1.20%</td> <td align="center" valign="bottom" width="130">11.79%</td> <td align="center" valign="bottom" width="183">10.33% (VXD)</td></tr>
<tr> <td valign="bottom" width="324">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="104">2476.83</td> <td align="center" valign="bottom" width="95">4.73</td> <td align="center" valign="bottom" width="138">0.19%</td> <td align="center" valign="bottom" width="130">10.66%</td> <td align="center" valign="bottom" width="183">10.03% (VIX)</td></tr>
<tr> <td valign="bottom" width="324">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="104">5899.91</td> <td align="center" valign="bottom" width="95"><span style="color: red;">(9.01)</span></td> <td align="center" valign="bottom" width="138"><span style="color: red;">-0.15%</span></td> <td align="center" valign="bottom" width="130">21.31%</td> <td align="center" valign="bottom" width="183">15.91% (VXN)</td></tr>
<tr> <td valign="bottom" width="324">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="104">1412.32</td> <td align="center" valign="bottom" width="95"><span style="color: red;">(16.94)</span></td> <td align="center" valign="bottom" width="138"><span style="color: red;">-1.19%</span></td> <td align="center" valign="bottom" width="130">4.07%</td> <td align="center" valign="bottom" width="183">14.63% (RVX)</td></tr>
<tr> <td valign="bottom" width="324">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="104">1095.42</td> <td align="center" valign="bottom" width="95">5.89</td> <td align="center" valign="bottom" width="138">0.54%</td> <td align="center" valign="bottom" width="130">10.49%</td> <td align="center" valign="bottom" width="183">8.90% (VXO)</td></tr>
<tr> <td valign="bottom" width="324">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="104">4511.96</td> <td align="center" valign="bottom" width="95"><span style="color: red;">(7.84)</span></td> <td align="center" valign="bottom" width="138"><span style="color: red;">-0.17%</span></td> <td align="center" valign="bottom" width="130">11.37%</td> <td align="center" valign="bottom" width="183">NA</td></tr>
<tr> <td valign="bottom" width="324">Crude Oil (CLU7)</td> <td align="center" valign="bottom" width="104">49.51</td> <td align="center" valign="bottom" width="95"><span style="color: red;">(0.28)</span></td> <td align="center" valign="bottom" width="138"><span style="color: red;">-0.56%</span></td> <td align="center" valign="bottom" width="130"><span style="color: red;">-8.13%</span></td> <td align="center" valign="bottom" width="183"><span style="color: black;">28.53%(OVX)</span></td></tr>
<tr> <td valign="bottom" width="324"><span style="color: red;">Gold (GCZ7)</span></td> <td align="center" valign="bottom" width="104"><span style="color: red;">1264.80</span></td> <td align="center" valign="bottom" width="95"><span style="color: red;">(10.80)</span></td> <td align="center" valign="bottom" width="138"><span style="color: red;">-0.85%</span></td> <td align="center" valign="bottom" width="130">9.79%</td> <td align="center" valign="bottom" width="183">10.87 (GVZ)</td></tr>
<tr> <td valign="bottom" width="324">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="104">10.03</td> <td align="center" valign="bottom" width="95"><span style="color: red;">(0.26)</span></td> <td align="center" valign="bottom" width="138"><span style="color: red;">-2.53%</span></td> <td align="center" valign="bottom" width="130">NA</td> <td align="center" valign="bottom" width="183"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b></b> <br />
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 <i>Primum non nocere</i><i> </i><i>– </i>“first, do no harm.”<br />
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.<br />
<a href="https://www.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 987px;"> <tbody>
<tr> <td align="center" valign="bottom" width="424"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="134"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="77"><b><u>4-Aug</u></b></td> <td align="center" valign="bottom" width="108"><b><u>28-Jul</u></b></td> <td align="center" valign="bottom" width="111"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="123"><b><u>% Change</u></b></td></tr>
<tr> <td width="424">CBOE Volatility Index</td> <td align="center" valign="bottom" width="134">VIX</td> <td align="center" valign="bottom" width="77">10.03</td> <td align="center" valign="bottom" width="108">10.29</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(0.26)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-2.53%</span></td></tr>
<tr> <td width="424">VIX August Future (8/18/2017)</td> <td align="center" valign="bottom" width="134">VXQ7</td> <td align="center" valign="bottom" width="77">11.275</td> <td align="center" valign="bottom" width="108">11.375</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(0.10)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-0.88%</span></td></tr>
<tr> <td width="424">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="134">VXU7</td> <td align="center" valign="bottom" width="77">12.775</td> <td align="center" valign="bottom" width="108">12.625</td> <td align="center" valign="bottom" width="111"><span style="color: red;">0.15</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">1.19%</span></td></tr>
<tr> <td width="424">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="134">VXV7</td> <td align="center" valign="bottom" width="77">13.525</td> <td align="center" valign="bottom" width="108">13.825</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(0.30)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-2.17%</span></td></tr>
<tr> <td width="424">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="134">VXST</td> <td align="center" valign="bottom" width="77">8.58</td> <td align="center" valign="bottom" width="108">8.55</td> <td align="center" valign="bottom" width="111">0.03</td> <td align="center" valign="bottom" width="123">0.35%</td></tr>
<tr> <td width="424">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="134">VXV</td> <td align="center" valign="bottom" width="77">12.75</td> <td align="center" valign="bottom" width="108">12.58</td> <td align="center" valign="bottom" width="111">0.17</td> <td align="center" valign="bottom" width="123">1.35%</td></tr>
<tr> <td width="424">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="134">VXMT</td> <td align="center" valign="bottom" width="77">14.25</td> <td align="center" valign="bottom" width="108">13.96</td> <td align="center" valign="bottom" width="111">0.29</td> <td align="center" valign="bottom" width="123">2.08%</td></tr>
<tr> <td width="424">VIX of VIX</td> <td align="center" valign="bottom" width="134">VVIX</td> <td align="center" valign="bottom" width="77">87.39</td> <td align="center" valign="bottom" width="108">87.20</td> <td align="center" valign="bottom" width="111">0.19</td> <td align="center" valign="bottom" width="123">0.22%</td></tr>
<tr> <td width="424">CBOE SKEW Index</td> <td align="center" valign="bottom" width="134">SKEW</td> <td align="center" valign="bottom" width="77">138.32</td> <td align="center" valign="bottom" width="108">139.91</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(1.59)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-1.14%</span></td></tr>
<tr> <td width="424"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="134"></td> <td align="center" valign="bottom" width="77"></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="111"></td> <td align="center" valign="bottom" width="123"></td></tr>
<tr> <td width="424">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="134">UVXY</td> <td align="center" valign="bottom" width="77">29.79</td> <td align="center" valign="bottom" width="108">30.19</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(0.40)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-1.32%</span></td></tr>
<tr> <td width="424">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="134">VXX</td> <td align="center" valign="bottom" width="77">11.19</td> <td align="center" valign="bottom" width="108">11.29</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(0.10)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-0.89%</span></td></tr>
<tr> <td width="424">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="134">VIXY</td> <td align="center" valign="bottom" width="77">37.31</td> <td align="center" valign="bottom" width="108">37.54</td> <td align="center" valign="bottom" width="111"><span style="color: red;">(0.23)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-0.61%</span></td></tr>
<tr> <td width="424">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="134">VXZ</td> <td align="center" valign="bottom" width="77">21.19</td> <td align="center" valign="bottom" width="108">21.00</td> <td align="center" valign="bottom" width="111">0.19</td> <td align="center" valign="bottom" width="123">0.90%</td></tr>
<tr> <td width="424"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="134"></td> <td align="center" valign="bottom" width="77"></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="111"></td> <td align="center" valign="bottom" width="123"></td></tr>
<tr> <td width="424">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="134">SVXY</td> <td align="center" valign="bottom" width="77">90.77</td> <td align="center" valign="bottom" width="108">90.22</td> <td align="center" valign="bottom" width="111">0.55</td> <td align="center" valign="bottom" width="123">0.61%</td></tr>
<tr> <td width="424">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="134">XIV</td> <td align="center" valign="bottom" width="77">94.29</td> <td align="center" valign="bottom" width="108">93.62</td> <td align="center" valign="bottom" width="111">0.67</td> <td align="center" valign="bottom" width="123">0.72%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b><i></i></b> <br />
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?<br />
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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.</div>
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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.</div>
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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.</div>
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<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
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“You need chaos in your soul to give birth to a dancing star.” Friedrich Nietzsche</div>
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<br /></div>
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"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</div>
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<br /></div>
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“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</div>
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“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> </div>
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<strong></strong> </div>
<b><u>Monday August 7:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Gallup US Consumer Spending Measure – 8:30, Labor Market Conditions Index – 10:00, TD Ameritrade IMX – 12:30.<br />
International Economic: Germany Industrial Production – 2:00AM.<br />
<br />
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.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 801px;"> <tbody>
<tr> <td align="center" valign="bottom" width="120"><b><u>SYMBOL</u></b><b><u></u></b></td> <td align="center" valign="bottom" width="83"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="113"><b><u>8/4 Close</u></b></td> <td align="center" valign="bottom" width="128"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="136"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="103"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="108"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="120">BAH</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="113">$34.61</td> <td align="center" valign="bottom" width="128">1,273,830</td> <td align="center" valign="bottom" width="136">5.16%</td> <td align="center" valign="bottom" width="103">$34.04</td> <td align="center" valign="bottom" width="108">$33.40</td></tr>
<tr> <td align="center" valign="bottom" width="120">TSN</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="113">$63.30</td> <td align="center" valign="bottom" width="128">2,756,450</td> <td align="center" valign="bottom" width="135">4.76%</td> <td align="center" valign="bottom" width="103">$62.63</td> <td align="center" valign="bottom" width="108">$61.38</td></tr>
<tr> <td align="center" valign="bottom" width="120">ALB</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$119.60</td> <td align="center" valign="bottom" width="128">1,137,890</td> <td align="center" valign="bottom" width="135">3.15%</td> <td align="center" valign="bottom" width="103">$117.94</td> <td align="center" valign="bottom" width="108">$111.86</td></tr>
<tr> <td align="center" valign="bottom" width="120">CAR</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$32.21</td> <td align="center" valign="bottom" width="128">3,786,290</td> <td align="center" valign="bottom" width="135">9.08%</td> <td align="center" valign="bottom" width="103">$32.03</td> <td align="center" valign="bottom" width="108">$29.84</td></tr>
<tr> <td align="center" valign="bottom" width="120">CBS</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$63.62</td> <td align="center" valign="bottom" width="128">2,867,650</td> <td align="center" valign="bottom" width="135">2.41%</td> <td align="center" valign="bottom" width="103">$66.14</td> <td align="center" valign="bottom" width="108">$65.35</td></tr>
<tr> <td align="center" valign="bottom" width="120">EVHC</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$55.79</td> <td align="center" valign="bottom" width="128">1,402,240</td> <td align="center" valign="bottom" width="135">1.83%</td> <td align="center" valign="bottom" width="104">$58.13</td> <td align="center" valign="bottom" width="108">$58.91</td></tr>
<tr> <td align="center" valign="bottom" width="120">IPHI</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$34.69</td> <td align="center" valign="bottom" width="128">1,266,800</td> <td align="center" valign="bottom" width="135">9.41%</td> <td align="center" valign="bottom" width="104">$38.00</td> <td align="center" valign="bottom" width="108">$36.81</td></tr>
<tr> <td align="center" valign="bottom" width="120">LBTYA</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$34.61</td> <td align="center" valign="bottom" width="128">3,140,040</td> <td align="center" valign="bottom" width="135">2.80%</td> <td align="center" valign="bottom" width="104">$33.54</td> <td align="center" valign="bottom" width="108">$32.56</td></tr>
<tr> <td align="center" valign="bottom" width="120">MAR</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$105.02</td> <td align="center" valign="bottom" width="128">2,451,590</td> <td align="center" valign="bottom" width="135">2.04%</td> <td align="center" valign="bottom" width="104">$103.55</td> <td align="center" valign="bottom" width="108">$102.31</td></tr>
<tr> <td align="center" valign="bottom" width="120">RSPP</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="113">$31.11</td> <td align="center" valign="bottom" width="128">2,427,740</td> <td align="center" valign="bottom" width="135">3.21%</td> <td align="center" valign="bottom" width="104">$33.53</td> <td align="center" valign="bottom" width="108">$32.72</td></tr>
</tbody></table>
<br />
<b><u>Tuesday August 8:</u></b> <br />
<b><u></u></b> <br />
Economic: Motor NFIB Small Business Optimism Index – 8:30, Redbook – 8:55, JOLTS – 10:00.<br />
International: Germany Merchandise Trade – 2:00AM, France Merchandise Trade – 2:45AM, China PPI & CPI – 9:30PM.<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 795px;"> <tbody>
<tr> <td align="center" valign="bottom" width="120"><b><u>SYMBOL</u></b><b><u></u></b></td> <td align="center" valign="bottom" width="82"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="111"><b><u>8/4 Close</u></b></td> <td align="center" valign="bottom" width="125"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="137"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="91"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="119"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="120">ARMK</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$39.91</td> <td align="center" valign="bottom" width="125">1,332,200</td> <td align="center" valign="bottom" width="137">4.40%</td> <td align="center" valign="bottom" width="91">$40.17</td> <td align="center" valign="bottom" width="119">$40.55</td></tr>
<tr> <td align="center" valign="bottom" width="120">CVS</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$77.97</td> <td align="center" valign="bottom" width="125">6,031,140</td> <td align="center" valign="bottom" width="137">4.24%</td> <td align="center" valign="bottom" width="91">$78.52</td> <td align="center" valign="bottom" width="119">$79.31</td></tr>
<tr> <td align="center" valign="bottom" width="120">EGN</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$49.95</td> <td align="center" valign="bottom" width="125">1,658,500</td> <td align="center" valign="bottom" width="137">2.73%</td> <td align="center" valign="bottom" width="91">$51.90</td> <td align="center" valign="bottom" width="119">$50.69</td></tr>
<tr> <td align="center" valign="bottom" width="120">EXPD</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$59.56</td> <td align="center" valign="bottom" width="125">1,194,230</td> <td align="center" valign="bottom" width="137">3.32%</td> <td align="center" valign="bottom" width="91">$59.12</td> <td align="center" valign="bottom" width="119">$57.87</td></tr>
<tr> <td align="center" valign="bottom" width="120">IONS</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$52.36</td> <td align="center" valign="bottom" width="125">1,419,600</td> <td align="center" valign="bottom" width="137">4.71%</td> <td align="center" valign="bottom" width="91">$53.50</td> <td align="center" valign="bottom" width="119">$55.01</td></tr>
<tr> <td align="center" valign="bottom" width="120">KITE</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$112.58</td> <td align="center" valign="bottom" width="125">1,263,020</td> <td align="center" valign="bottom" width="137">7.89%</td> <td align="center" valign="bottom" width="91">$110.05</td> <td align="center" valign="bottom" width="119">$106.39</td></tr>
<tr> <td align="center" valign="bottom" width="120">KORS</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$36.80</td> <td align="center" valign="bottom" width="125">2,484,970</td> <td align="center" valign="bottom" width="137">6.24%</td> <td align="center" valign="bottom" width="91">$35.78</td> <td align="center" valign="bottom" width="119">$34.88</td></tr>
<tr> <td align="center" valign="bottom" width="120">LBTYK</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$33.25</td> <td align="center" valign="bottom" width="125">3,611,070</td> <td align="center" valign="bottom" width="137">2.31%</td> <td align="center" valign="bottom" width="91">$32.43</td> <td align="center" valign="bottom" width="119">$31.43</td></tr>
<tr> <td align="center" valign="bottom" width="120">LNG</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$44.68</td> <td align="center" valign="bottom" width="125">1,798,230</td> <td align="center" valign="bottom" width="137">1.72%</td> <td align="center" valign="bottom" width="91">$45.47</td> <td align="center" valign="bottom" width="119">$47.07</td></tr>
<tr> <td align="center" valign="bottom" width="120">MNK</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$41.02</td> <td align="center" valign="bottom" width="125">2,553,220</td> <td align="center" valign="bottom" width="137">5.59%</td> <td align="center" valign="bottom" width="91">$45.73</td> <td align="center" valign="bottom" width="119">$45.27</td></tr>
<tr> <td align="center" valign="bottom" width="120">NCLH</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$56.90</td> <td align="center" valign="bottom" width="125">1,527,410</td> <td align="center" valign="bottom" width="137">8.16%</td> <td align="center" valign="bottom" width="91">$55.66</td> <td align="center" valign="bottom" width="119">$55.20</td></tr>
<tr> <td align="center" valign="bottom" width="120">PDCE</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$46.26</td> <td align="center" valign="bottom" width="125">1,266,770</td> <td align="center" valign="bottom" width="137">4.09%</td> <td align="center" valign="bottom" width="91">$46.22</td> <td align="center" valign="bottom" width="119">$44.66</td></tr>
<tr> <td align="center" valign="bottom" width="120">RL</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$77.29</td> <td align="center" valign="bottom" width="125">1,681,100</td> <td align="center" valign="bottom" width="137">6.25%</td> <td align="center" valign="bottom" width="91">$74.94</td> <td align="center" valign="bottom" width="119">$73.41</td></tr>
<tr> <td align="center" valign="bottom" width="120">SEE</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$43.49</td> <td align="center" valign="bottom" width="125">2,194,330</td> <td align="center" valign="bottom" width="137">4.89%</td> <td align="center" valign="bottom" width="91">$44.57</td> <td align="center" valign="bottom" width="119">$44.56</td></tr>
<tr> <td align="center" valign="bottom" width="120">VNTV</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$64.04</td> <td align="center" valign="bottom" width="125">2,031,240</td> <td align="center" valign="bottom" width="137">1.76%</td> <td align="center" valign="bottom" width="91">$64.17</td> <td align="center" valign="bottom" width="119">$62.55</td></tr>
<tr> <td align="center" valign="bottom" width="120">W</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$80.36</td> <td align="center" valign="bottom" width="125">1,643,180</td> <td align="center" valign="bottom" width="137">13.03%</td> <td align="center" valign="bottom" width="91">$76.74</td> <td align="center" valign="bottom" width="119">$76.44</td></tr>
<tr> <td align="center" valign="bottom" width="120">ZTS</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="111">$62.12</td> <td align="center" valign="bottom" width="125">2,728,190</td> <td align="center" valign="bottom" width="137">5.09%</td> <td align="center" valign="bottom" width="91">$62.28</td> <td align="center" valign="bottom" width="119">$62.16</td></tr>
<tr> <td align="center" valign="bottom" width="120">ACAD</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$30.69</td> <td align="center" valign="bottom" width="125">1,537,150</td> <td align="center" valign="bottom" width="137">6.89%</td> <td align="center" valign="bottom" width="91">$29.91</td> <td align="center" valign="bottom" width="119">$28.58</td></tr>
<tr> <td align="center" valign="bottom" width="120">ANDV</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$97.93</td> <td align="center" valign="bottom" width="125">2,120,980</td> <td align="center" valign="bottom" width="137">2.15%</td> <td align="center" valign="bottom" width="91">$98.12</td> <td align="center" valign="bottom" width="119">$96.87</td></tr>
<tr> <td align="center" valign="bottom" width="120">CLR</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$33.65</td> <td align="center" valign="bottom" width="125">3,508,550</td> <td align="center" valign="bottom" width="137">1.63%</td> <td align="center" valign="bottom" width="91">$32.64</td> <td align="center" valign="bottom" width="119">$31.90</td></tr>
<tr> <td align="center" valign="bottom" width="120">DIS</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$107.69</td> <td align="center" valign="bottom" width="125">7,142,580</td> <td align="center" valign="bottom" width="137">1.69%</td> <td align="center" valign="bottom" width="91">$108.32</td> <td align="center" valign="bottom" width="119">$106.78</td></tr>
<tr> <td align="center" valign="bottom" width="120">GDDY</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$42.57</td> <td align="center" valign="bottom" width="125">1,366,500</td> <td align="center" valign="bottom" width="137">4.84%</td> <td align="center" valign="bottom" width="91">$43.26</td> <td align="center" valign="bottom" width="119">$42.66</td></tr>
<tr> <td align="center" valign="bottom" width="120">MNST</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$52.71</td> <td align="center" valign="bottom" width="125">2,168,070</td> <td align="center" valign="bottom" width="137">3.42%</td> <td align="center" valign="bottom" width="91">$53.18</td> <td align="center" valign="bottom" width="119">$51.63</td></tr>
<tr> <td align="center" valign="bottom" width="120">TRIP</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$39.51</td> <td align="center" valign="bottom" width="125">2,735,580</td> <td align="center" valign="bottom" width="137">9.72%</td> <td align="center" valign="bottom" width="91">$38.23</td> <td align="center" valign="bottom" width="119">$37.91</td></tr>
<tr> <td align="center" valign="bottom" width="120">TSO</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$99.53</td> <td align="center" valign="bottom" width="125">2,127,980</td> <td align="center" valign="bottom" width="137">2.15%</td> <td align="center" valign="bottom" width="91">$98.12</td> <td align="center" valign="bottom" width="119">$96.87</td></tr>
<tr> <td align="center" valign="bottom" width="120">TSRO</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$128.59</td> <td align="center" valign="bottom" width="125">1,197,230</td> <td align="center" valign="bottom" width="137">2.75%</td> <td align="center" valign="bottom" width="91">$128.18</td> <td align="center" valign="bottom" width="119">$129.80</td></tr>
<tr> <td align="center" valign="bottom" width="120">WBMD</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$66.30</td> <td align="center" valign="bottom" width="125">1,091,480</td> <td align="center" valign="bottom" width="137">2.25%</td> <td align="center" valign="bottom" width="91">$65.11</td> <td align="center" valign="bottom" width="119">$60.66</td></tr>
<tr> <td align="center" valign="bottom" width="120">XEC</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="111">$94.00</td> <td align="center" valign="bottom" width="125">1,218,690</td> <td align="center" valign="bottom" width="137">2.32%</td> <td align="center" valign="bottom" width="91">$96.70</td> <td align="center" valign="bottom" width="120">$95.14</td></tr>
</tbody></table>
<br />
<b><u><br /></u></b> <b><u>Wednesday August 9:</u></b> <br />
<b><u><br /></u></b> Economic: MBA Mortgage Applications – 7:00, Productivity and Costs – 8:30, Wholesale Trade – 10:00, EIA Petroleum Status Report – 10:30.<br />
<a href="https://www.blogger.com/null" name="_Hlk479355929">International Economic:</a> Japan Machine Orders – 7:50PM.<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 797px;"> <tbody>
<tr> <td align="center" valign="bottom" width="133"><b><u>SYMBOL</u></b><b><u></u></b></td> <td align="center" valign="bottom" width="89"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="104"><b><u>8/4 Close</u></b></td> <td align="center" valign="bottom" width="128"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="104"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="100"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="133">ATHM</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$47.82</td> <td align="center" valign="bottom" width="128">1,212,820</td> <td align="center" valign="bottom" width="129">2.94%</td> <td align="center" valign="bottom" width="104">$48.15</td> <td align="center" valign="bottom" width="100">$46.85</td></tr>
<tr> <td align="center" valign="bottom" width="133">AVT</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$38.20</td> <td align="center" valign="bottom" width="128">1,257,710</td> <td align="center" valign="bottom" width="129">1.93%</td> <td align="center" valign="bottom" width="104">$38.86</td> <td align="center" valign="bottom" width="100">$39.07</td></tr>
<tr> <td align="center" valign="bottom" width="133">FWONK</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$35.18</td> <td align="center" valign="bottom" width="128">1,682,960</td> <td align="center" valign="bottom" width="129">3.25%</td> <td align="center" valign="bottom" width="104">$34.73</td> <td align="center" valign="bottom" width="100">$35.03</td></tr>
<tr> <td align="center" valign="bottom" width="133">LITE</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$58.85</td> <td align="center" valign="bottom" width="128">1,811,120</td> <td align="center" valign="bottom" width="129">6.83%</td> <td align="center" valign="bottom" width="104">$63.74</td> <td align="center" valign="bottom" width="100">$62.41</td></tr>
<tr> <td align="center" valign="bottom" width="133">MBLY</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$63.49</td> <td align="center" valign="bottom" width="128">2,972,730</td> <td align="center" valign="bottom" width="129">1.55%</td> <td align="center" valign="bottom" width="104">$63.37</td> <td align="center" valign="bottom" width="100">$63.15</td></tr>
<tr> <td align="center" valign="bottom" width="133">MDCO</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$36.43</td> <td align="center" valign="bottom" width="128">1,153,500</td> <td align="center" valign="bottom" width="129">1.64%</td> <td align="center" valign="bottom" width="104">$38.09</td> <td align="center" valign="bottom" width="100">$39.95</td></tr>
<tr> <td align="center" valign="bottom" width="133">MYL</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$32.92</td> <td align="center" valign="bottom" width="128">4,957,290</td> <td align="center" valign="bottom" width="129">1.95%</td> <td align="center" valign="bottom" width="104">$38.24</td> <td align="center" valign="bottom" width="100">$37.05</td></tr>
<tr> <td align="center" valign="bottom" width="133">NVO</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$42.06</td> <td align="center" valign="bottom" width="128">1,952,120</td> <td align="center" valign="bottom" width="129">9.19%</td> <td align="center" valign="bottom" width="104">$42.33</td> <td align="center" valign="bottom" width="100">$42.54</td></tr>
<tr> <td align="center" valign="bottom" width="133">SINA</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$96.12</td> <td align="center" valign="bottom" width="128">1,435,990</td> <td align="center" valign="bottom" width="129">11.70%</td> <td align="center" valign="bottom" width="104">$94.32</td> <td align="center" valign="bottom" width="100">$90.22</td></tr>
<tr> <td align="center" valign="bottom" width="133">SNI</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$87.29</td> <td align="center" valign="bottom" width="128">2,671,580</td> <td align="center" valign="bottom" width="129">4.86%</td> <td align="center" valign="bottom" width="104">$84.67</td> <td align="center" valign="bottom" width="100">$77.53</td></tr>
<tr> <td align="center" valign="bottom" width="133">TRCO</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$40.80</td> <td align="center" valign="bottom" width="128">2,339,900</td> <td align="center" valign="bottom" width="129">1.31%</td> <td align="center" valign="bottom" width="104">$41.73</td> <td align="center" valign="bottom" width="100">$41.16</td></tr>
<tr> <td align="center" valign="bottom" width="133">WB</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$78.77</td> <td align="center" valign="bottom" width="128">2,591,310</td> <td align="center" valign="bottom" width="129">14.24%</td> <td align="center" valign="bottom" width="104">$76.25</td> <td align="center" valign="bottom" width="100">$72.31</td></tr>
<tr> <td align="center" valign="bottom" width="133">XRAY</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="104">$61.59</td> <td align="center" valign="bottom" width="128">1,283,590</td> <td align="center" valign="bottom" width="129">2.92%</td> <td align="center" valign="bottom" width="104">$62.34</td> <td align="center" valign="bottom" width="100">$63.06</td></tr>
<tr> <td align="center" valign="bottom" width="133">ALNY</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$82.44</td> <td align="center" valign="bottom" width="128">1,092,830</td> <td align="center" valign="bottom" width="129">10.52%</td> <td align="center" valign="bottom" width="104">$81.94</td> <td align="center" valign="bottom" width="100">$81.38</td></tr>
<tr> <td align="center" valign="bottom" width="133">ATH</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$49.90</td> <td align="center" valign="bottom" width="128">1,586,540</td> <td align="center" valign="bottom" width="129">2.25%</td> <td align="center" valign="bottom" width="104">$50.47</td> <td align="center" valign="bottom" width="100">$50.00</td></tr>
<tr> <td align="center" valign="bottom" width="133">CTRP</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$57.70</td> <td align="center" valign="bottom" width="128">3,674,220</td> <td align="center" valign="bottom" width="129">3.46%</td> <td align="center" valign="bottom" width="104">$58.69</td> <td align="center" valign="bottom" width="100">$56.66</td></tr>
<tr> <td align="center" valign="bottom" width="133">GXP</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$31.22</td> <td align="center" valign="bottom" width="128">2,913,200</td> <td align="center" valign="bottom" width="129">0.94%</td> <td align="center" valign="bottom" width="104">$30.60</td> <td align="center" valign="bottom" width="100">$30.05</td></tr>
<tr> <td align="center" valign="bottom" width="133">LYV</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$37.36</td> <td align="center" valign="bottom" width="128">1,259,010</td> <td align="center" valign="bottom" width="129">4.80%</td> <td align="center" valign="bottom" width="104">$36.98</td> <td align="center" valign="bottom" width="100">$35.78</td></tr>
<tr> <td align="center" valign="bottom" width="133">NTES</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$304.47</td> <td align="center" valign="bottom" width="128">1,276,920</td> <td align="center" valign="bottom" width="129">5.94%</td> <td align="center" valign="bottom" width="104">$308.48</td> <td align="center" valign="bottom" width="100">$305.51</td></tr>
<tr> <td align="center" valign="bottom" width="133">PBYI</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$85.80</td> <td align="center" valign="bottom" width="128">1,700,200</td> <td align="center" valign="bottom" width="129">1.55%</td> <td align="center" valign="bottom" width="104">$93.51</td> <td align="center" valign="bottom" width="100">$90.99</td></tr>
<tr> <td align="center" valign="bottom" width="133">PTLA</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$61.50</td> <td align="center" valign="bottom" width="128">1,013,300</td> <td align="center" valign="bottom" width="129">10.89%</td> <td align="center" valign="bottom" width="104">$63.85</td> <td align="center" valign="bottom" width="100">$60.48</td></tr>
<tr> <td align="center" valign="bottom" width="133">SFR</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="104">$34.31</td> <td align="center" valign="bottom" width="128">1,268,360</td> <td align="center" valign="bottom" width="129">0.88%</td> <td align="center" valign="bottom" width="104">$34.89</td> <td align="center" valign="bottom" width="100">$34.52</td></tr>
</tbody></table>
<br />
<b><u>Thursday August 10:</u></b> <br />
<b><u></u></b> <br />
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.<br />
<br />
International Economic: Japan Tertiary Index – 1:30AM, Great Britain Industrial Production – 4:30AM, Great Britain Merchandise Trade – 4:30AM.<br />
<br />
Other:<b> </b>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.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 798px;"> <tbody>
<tr> <td align="center" valign="bottom" width="121"><b><u>SYMBOL</u></b><b><u></u></b></td> <td align="center" valign="bottom" width="84"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="113"><b><u>8/4 Close</u></b></td> <td align="center" valign="bottom" width="131"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="132"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="99"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="108"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="121">DDS</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="113">$72.93</td> <td align="center" valign="bottom" width="131">1,149,540</td> <td align="center" valign="bottom" width="132">9.09%</td> <td align="center" valign="bottom" width="99">$72.40</td> <td align="center" valign="bottom" width="108">$66.47</td></tr>
<tr> <td align="center" valign="bottom" width="121">EAT</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="113">$34.71</td> <td align="center" valign="bottom" width="131">1,227,660</td> <td align="center" valign="bottom" width="132">5.59%</td> <td align="center" valign="bottom" width="99">$35.73</td> <td align="center" valign="bottom" width="108">$36.58</td></tr>
<tr> <td align="center" valign="bottom" width="121">KSS</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="113">$41.89</td> <td align="center" valign="bottom" width="131">4,532,050</td> <td align="center" valign="bottom" width="132">9.68%</td> <td align="center" valign="bottom" width="99">$40.74</td> <td align="center" valign="bottom" width="108">$39.33</td></tr>
<tr> <td align="center" valign="bottom" width="121">PRGO</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="113">$67.43</td> <td align="center" valign="bottom" width="131">1,514,590</td> <td align="center" valign="bottom" width="132">8.12%</td> <td align="center" valign="bottom" width="99">$0.00</td> <td align="center" valign="bottom" width="108">$0.00</td></tr>
<tr> <td align="center" valign="bottom" width="121">YY</td> <td align="center" valign="bottom" width="84">BMO</td> <td align="center" valign="bottom" width="113">$73.49</td> <td align="center" valign="bottom" width="131">1,085,350</td> <td align="center" valign="bottom" width="132">2.87%</td> <td align="center" valign="bottom" width="99">$71.32</td> <td align="center" valign="bottom" width="108">$65.08</td></tr>
<tr> <td align="center" valign="bottom" width="121">BZUN</td> <td align="center" valign="bottom" width="84">AMC</td> <td align="center" valign="bottom" width="113">$32.02</td> <td align="center" valign="bottom" width="131">2,098,150</td> <td align="center" valign="bottom" width="132">3.39%</td> <td align="center" valign="bottom" width="99">$32.73</td> <td align="center" valign="bottom" width="108">$28.13</td></tr>
<tr> <td align="center" valign="bottom" width="121">JWN</td> <td align="center" valign="bottom" width="84">AMC</td> <td align="center" valign="bottom" width="113">$46.81</td> <td align="center" valign="bottom" width="131">3,026,170</td> <td align="center" valign="bottom" width="132">6.88%</td> <td align="center" valign="bottom" width="99">$47.72</td> <td align="center" valign="bottom" width="108">$48.15</td></tr>
<tr> <td align="center" valign="bottom" width="121">NVDA</td> <td align="center" valign="bottom" width="84">AMC</td> <td align="center" valign="bottom" width="113">$167.21</td> <td align="center" valign="bottom" width="131">22,750,900</td> <td align="center" valign="bottom" width="132">11.70%</td> <td align="center" valign="bottom" width="99">$165.09</td> <td align="center" valign="bottom" width="108">$154.25</td></tr>
<tr> <td align="center" valign="bottom" width="121">TTD</td> <td align="center" valign="bottom" width="84">AMC</td> <td align="center" valign="bottom" width="113">$53.39</td> <td align="center" valign="bottom" width="131">1,296,070</td> <td align="center" valign="bottom" width="132">19.36%</td> <td align="center" valign="bottom" width="99">$53.78</td> <td align="center" valign="bottom" width="108">$52.98</td></tr>
</tbody></table>
<br />
<u></u> <br />
<b><u><br /></u></b> <b><u>Friday August 11:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: CPI – 8:30, International Trade – 8:30, Baker Hughes Rig Count – 1:00.<br />
<br />
International Economic: Germany CPI – 2:00AM,<br />
<br />
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.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk484977315"></a><a href="https://www.blogger.com/null" name="_Hlk478787736"></a>Earnings: None meeting criteria.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk479354457"></a><a href="https://www.blogger.com/null" name="_Hlk478788524"></a><a href="https://www.blogger.com/null" name="_Hlk487913048"></a><a href="https://www.blogger.com/null" name="_Hlk481914915"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk483140984"></a><b><u>Monday August 14:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
<a href="https://www.blogger.com/null" name="_Hlk4819149151"></a><a href="https://www.blogger.com/null" name="_Hlk4811596471"></a><a href="https://www.blogger.com/null" name="_Hlk4806269611"></a><a href="https://www.blogger.com/null" name="_Hlk4831409841"></a>Economic: No Major Announcements.<br />
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International Economic: Japan GDP, 7:50PM, China Industrial Production & Retail Sales – 10:PM,<br />
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Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 798px;"> <tbody>
<tr> <td align="center" valign="bottom" width="121"><b><u>SYMBOL</u></b><b><u></u></b></td> <td align="center" valign="bottom" width="86"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="105"><b><u>8/4 Close</u></b></td> <td align="center" valign="bottom" width="130"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="136"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="91"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="119"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="121">JD</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="105">$46.40</td> <td align="center" valign="bottom" width="130">10,758,100</td> <td align="center" valign="bottom" width="136">6.19%</td> <td align="center" valign="bottom" width="91">$44.86</td> <td align="center" valign="bottom" width="119">$42.68</td></tr>
<tr> <td align="center" valign="bottom" width="121">SYY</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="108">$52.33</td> <td align="center" valign="bottom" width="133">3,053,240</td> <td align="center" valign="bottom" width="136">1.64%</td> <td align="center" valign="bottom" width="91">$51.97</td> <td align="center" valign="bottom" width="130">$50.94</td></tr>
</tbody></table>
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<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-47024673811567591242017-07-30T22:00:00.001-05:002017-08-06T19:49:32.158-05:00Market News for the Prepared Mind: 7.31.2017– 8.07.2017<br />
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"Chance favors the Prepared Mind." - Louis Pasteur</div>
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“Every society honors its live conformists and its dead troublemakers.” – Marshal McLuhan</div>
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“Nothing can make an injustice just but Mercy.” – Robert Frost</div>
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“Life is like Sanskrit read to a pony” – Lou Reed</div>
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“Sometimes it's not enough to know what things mean,sometimes you have to know what things don't mean.” – Bob Dylan</div>
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It was a mixed bag for the equities last week. The Dow Jones Industrial Average rode Caterpillar (CAT) and Boeing (BA) to a new all-time High last week. Three of the four FANG stocks announced earnings last week. Facebook (FB) was up nearly 5% for the week, while Alphabet (GOOGL) and Amazon.com (AMZN) were down 3.6% and 0.6% respectively. The net result was a minor loss for the technology laden NDX.<br />
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All week, the chatter has been about a correction or end of this bull market. This focus on the negative is occurring despite second quarter growth in the US GDP of 2.5% and across the board earnings of over 10%. Weakness in the US dollar will make US exports more attractive.<br />
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Here is an overview of the US market behavior last week and for 2017 YTD:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 949px;"> <tbody>
<tr> <td align="center" valign="bottom" width="334"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="95"><b><u>28-Jul</u></b></td> <td align="center" valign="bottom" width="112"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="114"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="103"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="181"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="333">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="95">21830.31</td> <td align="center" valign="bottom" width="112">250.24</td> <td align="center" valign="bottom" width="114">1.16%</td> <td align="center" valign="bottom" width="103">10.46%</td> <td align="center" valign="bottom" width="180">10.46% (VXD)</td></tr>
<tr> <td valign="bottom" width="331">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="95">2472.10</td> <td align="center" valign="bottom" width="112"><span style="color: red;">(0.44)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-0.02%</span></td> <td align="center" valign="bottom" width="103">10.45%</td> <td align="center" valign="bottom" width="180">10.29% (VIX)</td></tr>
<tr> <td valign="bottom" width="330">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="95">5908.92</td> <td align="center" valign="bottom" width="112"><span style="color: red;">(12.60)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-0.21%</span></td> <td align="center" valign="bottom" width="103">21.49%</td> <td align="center" valign="bottom" width="179">15.91% (VXN)</td></tr>
<tr> <td valign="bottom" width="329">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="95">1429.26</td> <td align="center" valign="bottom" width="112"><span style="color: red;">(6.58)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-0.46%</span></td> <td align="center" valign="bottom" width="103">5.31%</td> <td align="center" valign="bottom" width="179">15.30% (RVX)</td></tr>
<tr> <td valign="bottom" width="328">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="95">1089.53</td> <td align="center" valign="bottom" width="112">1.79</td> <td align="center" valign="bottom" width="114">0.16%</td> <td align="center" valign="bottom" width="103">9.89%</td> <td align="center" valign="bottom" width="178">8.26% (VXO)</td></tr>
<tr> <td valign="bottom" width="327">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="95">4519.80</td> <td align="center" valign="bottom" width="112"><span style="color: red;">(117.54)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-2.53%</span></td> <td align="center" valign="bottom" width="103">11.56%</td> <td align="center" valign="bottom" width="178">NA</td></tr>
<tr> <td valign="bottom" width="326">Crude Oil (CLU7)</td> <td align="center" valign="bottom" width="95">49.79</td> <td align="center" valign="bottom" width="112">4.19</td> <td align="center" valign="bottom" width="114">9.19%</td> <td align="center" valign="bottom" width="103">-7.61%</td> <td align="center" valign="bottom" width="177">29.86%(OVX)</td></tr>
<tr> <td valign="bottom" width="325">Gold (GCZ7)</td> <td align="center" valign="bottom" width="95">1275.60</td> <td align="center" valign="bottom" width="112">20.60</td> <td align="center" valign="bottom" width="114">1.64%</td> <td align="center" valign="bottom" width="103">10.73%</td> <td align="center" valign="bottom" width="177">11.44 (GVZ)</td></tr>
<tr> <td valign="bottom" width="324">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="95">10.92</td> <td align="center" valign="bottom" width="112">1.56</td> <td align="center" valign="bottom" width="114">16.67%</td> <td align="center" valign="bottom" width="103">NA</td> <td align="center" valign="bottom" width="177"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
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In his song “Rock ‘n’ Roll”, Lou Reed summed up the reasons for VIX weaknesses better than any market mavens – “ There was nothin’ goin’ down at all, not at all.” VIX futures and options were little changed this week. However, shorter term volatility indexes and VIX related products showed some strength last week while moving off levels near all-time lows. Financial talking heads continued to focus on the weakness VIX as being a potential precursor to a market correction.</div>
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<a href="https://www.blogger.com/null" name="_Hlk478791299"></a>Here is an overview of last week for the VIX and related products:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 952px;"> <tbody>
<tr> <td align="center" valign="bottom" width="411"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="130"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="100"><b><u>28-Jul</u></b></td> <td align="center" valign="bottom" width="86"><b><u>21-Jul</u></b></td> <td align="center" valign="bottom" width="99"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="116"><b><u>% Change</u></b></td></tr>
<tr> <td width="409">CBOE Volatility Index</td> <td align="center" valign="bottom" width="130">VIX</td> <td align="center" valign="bottom" width="100">10.29</td> <td align="center" valign="bottom" width="87">9.36</td> <td align="center" valign="bottom" width="100">0.93</td> <td align="center" valign="bottom" width="116">9.94%</td></tr>
<tr> <td width="408">VIX August Future (8/18/2017)</td> <td align="center" valign="bottom" width="130">VXQ7</td> <td align="center" valign="bottom" width="100">11.375</td> <td align="center" valign="bottom" width="88">11.375</td> <td align="center" valign="bottom" width="101">0.00</td> <td align="center" valign="bottom" width="116">0.00%</td></tr>
<tr> <td width="407">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="130">VXU7</td> <td align="center" valign="bottom" width="100">12.625</td> <td align="center" valign="bottom" width="89">12.675</td> <td align="center" valign="bottom" width="102"><span style="color: red;">(0.05)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-0.39%</span></td></tr>
<tr> <td width="406">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="129">VXV7</td> <td align="center" valign="bottom" width="100">13.825</td> <td align="center" valign="bottom" width="89">13.475</td> <td align="center" valign="bottom" width="103">0.35</td> <td align="center" valign="bottom" width="116">2.60%</td></tr>
<tr> <td width="405">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="129">VXST</td> <td align="center" valign="bottom" width="100">8.55</td> <td align="center" valign="bottom" width="89">7.10</td> <td align="center" valign="bottom" width="104">1.45</td> <td align="center" valign="bottom" width="115">20.42%</td></tr>
<tr> <td width="405">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="129">VXV</td> <td align="center" valign="bottom" width="100">12.58</td> <td align="center" valign="bottom" width="89">12.06</td> <td align="center" valign="bottom" width="105">0.52</td> <td align="center" valign="bottom" width="115">4.31%</td></tr>
<tr> <td width="404">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="129">VXMT</td> <td align="center" valign="bottom" width="100">13.96</td> <td align="center" valign="bottom" width="89">13.89</td> <td align="center" valign="bottom" width="105">0.07</td> <td align="center" valign="bottom" width="115">0.50%</td></tr>
<tr> <td width="404">VIX of VIX</td> <td align="center" valign="bottom" width="129">VVIX</td> <td align="center" valign="bottom" width="100">87.20</td> <td align="center" valign="bottom" width="89">77.86</td> <td align="center" valign="bottom" width="105">9.34</td> <td align="center" valign="bottom" width="115">12.00%</td></tr>
<tr> <td width="404">CBOE SKEW Index</td> <td align="center" valign="bottom" width="129">SKEW</td> <td align="center" valign="bottom" width="100">139.91</td> <td align="center" valign="bottom" width="89">134.53</td> <td align="center" valign="bottom" width="105">5.38</td> <td align="center" valign="bottom" width="115">4.00%</td></tr>
<tr> <td width="404"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="129"></td> <td align="center" valign="bottom" width="100"></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="105"></td> <td align="center" valign="bottom" width="115"></td></tr>
<tr> <td width="404">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="129">UVXY</td> <td align="center" valign="bottom" width="100">30.19</td> <td align="center" valign="bottom" width="89">29.79</td> <td align="center" valign="bottom" width="105">0.40</td> <td align="center" valign="bottom" width="115">1.34%</td></tr>
<tr> <td width="404">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="129">VXX</td> <td align="center" valign="bottom" width="100">11.29</td> <td align="center" valign="bottom" width="89">11.20</td> <td align="center" valign="bottom" width="105">0.09</td> <td align="center" valign="bottom" width="115">0.80%</td></tr>
<tr> <td width="404">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="129">VIXY</td> <td align="center" valign="bottom" width="100">37.54</td> <td align="center" valign="bottom" width="89">37.31</td> <td align="center" valign="bottom" width="105">0.23</td> <td align="center" valign="bottom" width="115">0.62%</td></tr>
<tr> <td width="404">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="129">VXZ</td> <td align="center" valign="bottom" width="100">21.00</td> <td align="center" valign="bottom" width="89">21.55</td> <td align="center" valign="bottom" width="105"><span style="color: red;">(0.55)</span></td> <td align="center" valign="bottom" width="115"><span style="color: red;">-2.55%</span></td></tr>
<tr> <td width="404"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="129"></td> <td align="center" valign="bottom" width="100"></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="105"></td> <td align="center" valign="bottom" width="115"></td></tr>
<tr> <td width="404">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="129">SVXY</td> <td align="center" valign="bottom" width="100">90.22</td> <td align="center" valign="bottom" width="89">90.96</td> <td align="center" valign="bottom" width="105"><span style="color: red;">(0.74)</span></td> <td align="center" valign="bottom" width="115"><span style="color: red;">-0.81%</span></td></tr>
<tr> <td width="404">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="130">XIV</td> <td align="center" valign="bottom" width="100">93.62</td> <td align="center" valign="bottom" width="90">94.25</td> <td align="center" valign="bottom" width="106"><span style="color: red;">(0.63)</span></td> <td align="center" valign="bottom" width="116"><span style="color: red;">-0.67%</span></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> <b></b> <br />
<div align="justify">
The first week of August is light on economic data. It includes June Factory Orders on Thursday and the June US Employment Situation Report on Friday. Vehicle sales on Tuesday will the first piece of information on July's consumer data, while factory orders on Thursday will close out June data on manufacturing. The lack of economic data does not preclude volatility being injected into the markets.</div>
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Naysayers are looking at a number of potential sources of volatility in the market. North Korea’s bellicose behavior has yet to inject any fear into the markets. Week employment numbers on Friday could expose chinks in the bull market. The fourth component of Fang, Apple (AAPL) is announcing earnings after market close on Tuesday. Weaker than expected earnings could inject volatility into the markets. The chaos inside the beltway is a significant contributor to unease among financial talking heads. Earnings continue with the most active week of this earnings season. Earnings highlights for the coming week include: CME, Allstate, Cummins, Phillips 66, ADM, Pfizer, Mosaic, Ecolab, APPLE, Emerson Electric, Simon Property, MetLife, Mondelez, Exelon, Time Warner, Occidental Petroleum, Prudential, Marathon Oil, Yum! Brand, Kellogg, Viacom, Apache, and Berkshire Hathaway. 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.</div>
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<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
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“You need chaos in your soul to give birth to a dancing star.” Friedrich Nietzsche</div>
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“There's no success like failure” – Bob Dylan</div>
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“Avoid running at all times.” – Satchel Paige“</div>
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<strong></strong> </div>
<blockquote>
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"August brings in sharp focus and a furious boil everything I’ve been listening to in the late spring and summer” – Henry Rollins</div>
</blockquote>
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<strong><u>Monday July 31:</u></strong> </div>
<div align="left">
<strong><u><br /></u></strong></div>
<b><u></u></b> <br />
Economic: Chicago PMI – 9:45, Pending Home Sales Index – 10:00, Dallas Fed Manufacturing Survey – 10:30, Farm Prices – 3:00.<br />
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International Economic: Germany Retail Sales – 2:00AM, Germany Unemployment Rate – 5:00AM, Eurozone HICP Flash – 6:00AM, Japan PMI Manufacturing Index – 8:30PM, China PMI Manufacturing Index – 9:00PM.<br />
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Other: Bank of Japan Minutes – 7:50PM.<br />
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Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 897px;"> <tbody>
<tr> <td align="center" valign="bottom" width="133"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="88"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="121"><b><u>7/28 Close</u></b></td> <td align="center" valign="bottom" width="166"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="135"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="105"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="139"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="133">ADM</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="121">$41.78</td> <td align="center" valign="bottom" width="166">2,984,660</td> <td align="center" valign="bottom" width="135">4.80%</td> <td align="center" valign="bottom" width="106">$41.51</td> <td align="center" valign="bottom" width="139">$41.17</td></tr>
<tr> <td align="center" valign="bottom" width="133">APD</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="121">$143.49</td> <td align="center" valign="bottom" width="165">1,199,640</td> <td align="center" valign="bottom" width="135">1.30%</td> <td align="center" valign="bottom" width="106">$145.17</td> <td align="center" valign="bottom" width="140">$143.66</td></tr>
<tr> <td align="center" valign="bottom" width="133">BP</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="121">$35.16</td> <td align="center" valign="bottom" width="165">5,438,030</td> <td align="center" valign="bottom" width="134">2.55%</td> <td align="center" valign="bottom" width="106">$34.87</td> <td align="center" valign="bottom" width="140">$34.72</td></tr>
<tr> <td align="center" valign="bottom" width="133">SNY</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="121">$47.56</td> <td align="center" valign="bottom" width="165">1,868,820</td> <td align="center" valign="bottom" width="134">1.88%</td> <td align="center" valign="bottom" width="107">$47.86</td> <td align="center" valign="bottom" width="139">$48.41</td></tr>
<tr> <td align="center" valign="bottom" width="133">ALSN</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="121">$37.64</td> <td align="center" valign="bottom" width="165">1,389,490</td> <td align="center" valign="bottom" width="134">4.41%</td> <td align="center" valign="bottom" width="107">$37.47</td> <td align="center" valign="bottom" width="139">$37.84</td></tr>
<tr> <td align="center" valign="bottom" width="133">SBAC</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="121">$137.64</td> <td align="center" valign="bottom" width="165">1,040,360</td> <td align="center" valign="bottom" width="134">2.33%</td> <td align="center" valign="bottom" width="107">$136.40</td> <td align="center" valign="bottom" width="139">$134.87</td></tr>
<tr> <td align="center" valign="bottom" width="133">VNO</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="121">$78.96</td> <td align="center" valign="bottom" width="165">1,253,230</td> <td align="center" valign="bottom" width="134">1.79%</td> <td align="center" valign="bottom" width="108">$82.22</td> <td align="center" valign="bottom" width="139">$87.25</td></tr>
</tbody></table>
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<b><u>T</u></b><b><u>uesday August 1:</u></b><br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Motor Vehicle Sales, Personal Income and Outlays – 8:30, Redbook – 8:55, PMI Manufacturing Index – 9:45AM, ISM Manufacturing Index – 10:00, Construction Spending – 10:00.<br />
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International: Germany PMI Manufacturing Index – 3:55AM, Eurozone PMI Manufacturing Index – 4:00AM, Eurozone GDP Flash – 5:00AM.<br />
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Other: Cleveland Federal Reserve Bank President Loretta Mester to be the keynote speaker at the Community Bankers Association of Ohio Annual Convention in Cincinnati – 11:00AM, San Francisco Federal Reserve Bank President John Williams to discuss "Monetary Policy's Role in Fostering Sustainable Growth" in Las Vegas, with audience and media Q&A - 2:30PM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 825px;"> <tbody>
<tr> <td align="center" valign="bottom" width="124"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="87"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="119"><b><u>7/28 Close</u></b></td> <td align="center" valign="bottom" width="127"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="134"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="105"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="119"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="125">AN</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$42.65</td> <td align="center" valign="bottom" width="127">1,276,840</td> <td align="center" valign="bottom" width="134">2.69%</td> <td align="center" valign="bottom" width="105">$42.53</td> <td align="center" valign="bottom" width="119">$41.10</td></tr>
<tr> <td align="center" valign="bottom" width="126">BG</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$79.85</td> <td align="center" valign="bottom" width="127">1,552,490</td> <td align="center" valign="bottom" width="134">9.49%</td> <td align="center" valign="bottom" width="105">$79.28</td> <td align="center" valign="bottom" width="119">$76.94</td></tr>
<tr> <td align="center" valign="bottom" width="127">CME</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$121.28</td> <td align="center" valign="bottom" width="127">1,362,620</td> <td align="center" valign="bottom" width="134">1.94%</td> <td align="center" valign="bottom" width="105">$120.90</td> <td align="center" valign="bottom" width="119">$123.63</td></tr>
<tr> <td align="center" valign="bottom" width="128">CMI</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="119">$167.22</td> <td align="center" valign="bottom" width="127">1,364,150</td> <td align="center" valign="bottom" width="133">3.52%</td> <td align="center" valign="bottom" width="105">$165.70</td> <td align="center" valign="bottom" width="119">$164.23</td></tr>
<tr> <td align="center" valign="bottom" width="129">D</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$76.99</td> <td align="center" valign="bottom" width="127">2,347,650</td> <td align="center" valign="bottom" width="133">2.46%</td> <td align="center" valign="bottom" width="105">$76.92</td> <td align="center" valign="bottom" width="119">$77.80</td></tr>
<tr> <td align="center" valign="bottom" width="129">EMR</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$59.53</td> <td align="center" valign="bottom" width="127">3,489,590</td> <td align="center" valign="bottom" width="133">3.00%</td> <td align="center" valign="bottom" width="105">$60.15</td> <td align="center" valign="bottom" width="119">$59.34</td></tr>
<tr> <td align="center" valign="bottom" width="129">ETN</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$78.43</td> <td align="center" valign="bottom" width="127">2,088,700</td> <td align="center" valign="bottom" width="133">1.99%</td> <td align="center" valign="bottom" width="105">$79.54</td> <td align="center" valign="bottom" width="119">$78.64</td></tr>
<tr> <td align="center" valign="bottom" width="129">HCN</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$73.07</td> <td align="center" valign="bottom" width="127">1,606,630</td> <td align="center" valign="bottom" width="133">0.47%</td> <td align="center" valign="bottom" width="105">$73.56</td> <td align="center" valign="bottom" width="119">$75.12</td></tr>
<tr> <td align="center" valign="bottom" width="129">HCP</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$31.83</td> <td align="center" valign="bottom" width="127">3,094,240</td> <td align="center" valign="bottom" width="133">3.35%</td> <td align="center" valign="bottom" width="105">$31.82</td> <td align="center" valign="bottom" width="119">$32.19</td></tr>
<tr> <td align="center" valign="bottom" width="129">INCY</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$135.74</td> <td align="center" valign="bottom" width="127">1,721,720</td> <td align="center" valign="bottom" width="133">2.13%</td> <td align="center" valign="bottom" width="105">$133.59</td> <td align="center" valign="bottom" width="119">$131.94</td></tr>
<tr> <td align="center" valign="bottom" width="129">NNN</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$40.07</td> <td align="center" valign="bottom" width="127">1,390,750</td> <td align="center" valign="bottom" width="133">0.79%</td> <td align="center" valign="bottom" width="105">$40.08</td> <td align="center" valign="bottom" width="119">$39.23</td></tr>
<tr> <td align="center" valign="bottom" width="129">OLN</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$30.25</td> <td align="center" valign="bottom" width="127">2,283,430</td> <td align="center" valign="bottom" width="133">3.98%</td> <td align="center" valign="bottom" width="105">$31.07</td> <td align="center" valign="bottom" width="119">$29.73</td></tr>
<tr> <td align="center" valign="bottom" width="129">PFE</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$33.15</td> <td align="center" valign="bottom" width="127">20,297,500</td> <td align="center" valign="bottom" width="133">1.57%</td> <td align="center" valign="bottom" width="105">$33.30</td> <td align="center" valign="bottom" width="119">$33.58</td></tr>
<tr> <td align="center" valign="bottom" width="129">PSX</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$83.65</td> <td align="center" valign="bottom" width="127">2,128,540</td> <td align="center" valign="bottom" width="133">0.92%</td> <td align="center" valign="bottom" width="105">$82.94</td> <td align="center" valign="bottom" width="119">$81.78</td></tr>
<tr> <td align="center" valign="bottom" width="129">RCL</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$113.39</td> <td align="center" valign="bottom" width="127">1,256,430</td> <td align="center" valign="bottom" width="133">7.71%</td> <td align="center" valign="bottom" width="105">$113.34</td> <td align="center" valign="bottom" width="119">$112.33</td></tr>
<tr> <td align="center" valign="bottom" width="129">SHOP</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$92.98</td> <td align="center" valign="bottom" width="127">2,224,900</td> <td align="center" valign="bottom" width="133">8.02%</td> <td align="center" valign="bottom" width="105">$91.84</td> <td align="center" valign="bottom" width="119">$90.07</td></tr>
<tr> <td align="center" valign="bottom" width="129">SPG</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$160.52</td> <td align="center" valign="bottom" width="127">1,952,440</td> <td align="center" valign="bottom" width="133">2.71%</td> <td align="center" valign="bottom" width="105">$161.62</td> <td align="center" valign="bottom" width="119">$160.04</td></tr>
<tr> <td align="center" valign="bottom" width="129">TRI</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$46.06</td> <td align="center" valign="bottom" width="127">1,446,690</td> <td align="center" valign="bottom" width="133">2.87%</td> <td align="center" valign="bottom" width="105">$45.93</td> <td align="center" valign="bottom" width="119">$46.22</td></tr>
<tr> <td align="center" valign="bottom" width="129">XRX</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$30.43</td> <td align="center" valign="bottom" width="127">2,314,850</td> <td align="center" valign="bottom" width="133">2.00%</td> <td align="center" valign="bottom" width="105">$29.90</td> <td align="center" valign="bottom" width="119">$29.46</td></tr>
<tr> <td align="center" valign="bottom" width="129">XYL</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="119">$56.93</td> <td align="center" valign="bottom" width="127">1,251,380</td> <td align="center" valign="bottom" width="133">1.93%</td> <td align="center" valign="bottom" width="105">$56.95</td> <td align="center" valign="bottom" width="119">$55.75</td></tr>
<tr> <td align="center" valign="bottom" width="129">AAPL</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$149.50</td> <td align="center" valign="bottom" width="127">27,617,200</td> <td align="center" valign="bottom" width="133">3.78%</td> <td align="center" valign="bottom" width="105">$150.92</td> <td align="center" valign="bottom" width="119">$148.13</td></tr>
<tr> <td align="center" valign="bottom" width="129">ALL</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$90.50</td> <td align="center" valign="bottom" width="127">1,748,910</td> <td align="center" valign="bottom" width="133">1.94%</td> <td align="center" valign="bottom" width="105">$89.31</td> <td align="center" valign="bottom" width="119">$89.19</td></tr>
<tr> <td align="center" valign="bottom" width="129">ASH</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$65.46</td> <td align="center" valign="bottom" width="127">1,110,830</td> <td align="center" valign="bottom" width="133">4.10%</td> <td align="center" valign="bottom" width="105">$66.38</td> <td align="center" valign="bottom" width="119">$66.49</td></tr>
<tr> <td align="center" valign="bottom" width="129">DVA</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$65.47</td> <td align="center" valign="bottom" width="127">1,464,350</td> <td align="center" valign="bottom" width="133">3.38%</td> <td align="center" valign="bottom" width="105">$65.34</td> <td align="center" valign="bottom" width="119">$64.38</td></tr>
<tr> <td align="center" valign="bottom" width="129">DVN</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$33.21</td> <td align="center" valign="bottom" width="127">5,466,980</td> <td align="center" valign="bottom" width="133">3.89%</td> <td align="center" valign="bottom" width="105">$32.20</td> <td align="center" valign="bottom" width="119">$31.31</td></tr>
<tr> <td align="center" valign="bottom" width="129">DXCM</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$67.05</td> <td align="center" valign="bottom" width="127">1,235,850</td> <td align="center" valign="bottom" width="133">8.74%</td> <td align="center" valign="bottom" width="105">$69.68</td> <td align="center" valign="bottom" width="119">$72.78</td></tr>
<tr> <td align="center" valign="bottom" width="129">EXR</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$77.92</td> <td align="center" valign="bottom" width="127">1,101,570</td> <td align="center" valign="bottom" width="133">4.00%</td> <td align="center" valign="bottom" width="105">$78.25</td> <td align="center" valign="bottom" width="119">$77.38</td></tr>
<tr> <td align="center" valign="bottom" width="129">FANG</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$96.65</td> <td align="center" valign="bottom" width="127">1,455,760</td> <td align="center" valign="bottom" width="133">1.93%</td> <td align="center" valign="bottom" width="105">$93.16</td> <td align="center" valign="bottom" width="119">$90.30</td></tr>
<tr> <td align="center" valign="bottom" width="129">FMC</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$76.65</td> <td align="center" valign="bottom" width="127">1,107,800</td> <td align="center" valign="bottom" width="133">5.78%</td> <td align="center" valign="bottom" width="105">$76.57</td> <td align="center" valign="bottom" width="119">$74.86</td></tr>
<tr> <td align="center" valign="bottom" width="129">GPT</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$30.18</td> <td align="center" valign="bottom" width="127">1,009,490</td> <td align="center" valign="bottom" width="133">1.30%</td> <td align="center" valign="bottom" width="105">$30.01</td> <td align="center" valign="bottom" width="119">$30.19</td></tr>
<tr> <td align="center" valign="bottom" width="129">HLF</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$67.24</td> <td align="center" valign="bottom" width="127">1,075,880</td> <td align="center" valign="bottom" width="133">5.75%</td> <td align="center" valign="bottom" width="105">$70.56</td> <td align="center" valign="bottom" width="119">$70.58</td></tr>
<tr> <td align="center" valign="bottom" width="129">OHI</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$31.06</td> <td align="center" valign="bottom" width="127">2,413,720</td> <td align="center" valign="bottom" width="133">3.58%</td> <td align="center" valign="bottom" width="105">$33.31</td> <td align="center" valign="bottom" width="119">$33.30</td></tr>
<tr> <td align="center" valign="bottom" width="129">OKE</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$56.46</td> <td align="center" valign="bottom" width="127">4,427,010</td> <td align="center" valign="bottom" width="133">2.50%</td> <td align="center" valign="bottom" width="105">$54.68</td> <td align="center" valign="bottom" width="119">$51.88</td></tr>
<tr> <td align="center" valign="bottom" width="129">OKS</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$51.07</td> <td align="center" valign="bottom" width="127">1,056,610</td> <td align="center" valign="bottom" width="133">0.85%</td> <td align="center" valign="bottom" width="105">$48.79</td> <td align="center" valign="bottom" width="119">$49.15</td></tr>
<tr> <td align="center" valign="bottom" width="129">PXD</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$161.41</td> <td align="center" valign="bottom" width="127">1,629,270</td> <td align="center" valign="bottom" width="133">4.20%</td> <td align="center" valign="bottom" width="105">$162.19</td> <td align="center" valign="bottom" width="119">$159.69</td></tr>
<tr> <td align="center" valign="bottom" width="129">RMD</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="119">$77.39</td> <td align="center" valign="bottom" width="127">1,172,260</td> <td align="center" valign="bottom" width="133">6.67%</td> <td align="center" valign="bottom" width="105">$77.58</td> <td align="center" valign="bottom" width="119">$77.56</td></tr>
</tbody></table>
<br />
<b><u>Wednesday August 2:</u></b> <br />
Economic: MBA Mortgage Applications – 7:00, ADP Employment Report – 8:15, Gallup US Job Creation Index – 8:30, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Eurozone PPI – 5:00AM, Japan PMI Composite – 8:30PM, China General Services PMI – 9:00PM.<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 823px;"> <tbody>
<tr> <td align="center" valign="bottom" width="127"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="86"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="134"><b><u>7/28 Close</u></b></td> <td align="center" valign="bottom" width="124"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="139"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="91"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="112"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="127">AME</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="134">$61.85</td> <td align="center" valign="bottom" width="124">1,273,270</td> <td align="center" valign="bottom" width="139">1.58%</td> <td align="center" valign="bottom" width="92">$61.49</td> <td align="center" valign="bottom" width="112">$60.94</td></tr>
<tr> <td align="center" valign="bottom" width="127">CAH</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="134">$77.61</td> <td align="center" valign="bottom" width="124">1,971,670</td> <td align="center" valign="bottom" width="139">1.92%</td> <td align="center" valign="bottom" width="93">$77.28</td> <td align="center" valign="bottom" width="112">$78.06</td></tr>
<tr> <td align="center" valign="bottom" width="127">DLPH</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="133">$89.95</td> <td align="center" valign="bottom" width="124">1,985,670</td> <td align="center" valign="bottom" width="138">4.67%</td> <td align="center" valign="bottom" width="94">$91.45</td> <td align="center" valign="bottom" width="112">$89.18</td></tr>
<tr> <td align="center" valign="bottom" width="127">EOG</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="133">$95.42</td> <td align="center" valign="bottom" width="124">3,336,940</td> <td align="center" valign="bottom" width="138">2.07%</td> <td align="center" valign="bottom" width="95">$93.53</td> <td align="center" valign="bottom" width="112">$91.36</td></tr>
<tr> <td align="center" valign="bottom" width="127">ETR</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="133">$76.25</td> <td align="center" valign="bottom" width="124">1,012,700</td> <td align="center" valign="bottom" width="138">1.05%</td> <td align="center" valign="bottom" width="96">$75.98</td> <td align="center" valign="bottom" width="112">$77.41</td></tr>
<tr> <td align="center" valign="bottom" width="127">EXC</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="133">$38.40</td> <td align="center" valign="bottom" width="124">4,950,270</td> <td align="center" valign="bottom" width="138">1.15%</td> <td align="center" valign="bottom" width="97">$37.26</td> <td align="center" valign="bottom" width="111">$36.70</td></tr>
<tr> <td align="center" valign="bottom" width="127">FIS</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="133">$90.83</td> <td align="center" valign="bottom" width="124">1,535,160</td> <td align="center" valign="bottom" width="137">2.92%</td> <td align="center" valign="bottom" width="98">$90.03</td> <td align="center" valign="bottom" width="111">$87.53</td></tr>
<tr> <td align="center" valign="bottom" width="127">GRMN</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$51.32</td> <td align="center" valign="bottom" width="124">1,059,170</td> <td align="center" valign="bottom" width="137">5.13%</td> <td align="center" valign="bottom" width="98">$51.41</td> <td align="center" valign="bottom" width="111">$51.27</td></tr>
<tr> <td align="center" valign="bottom" width="127">HUM</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$233.08</td> <td align="center" valign="bottom" width="124">1,426,040</td> <td align="center" valign="bottom" width="137">1.63%</td> <td align="center" valign="bottom" width="98">$235.62</td> <td align="center" valign="bottom" width="111">$237.41</td></tr>
<tr> <td align="center" valign="bottom" width="127">MAC</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$57.85</td> <td align="center" valign="bottom" width="124">1,291,440</td> <td align="center" valign="bottom" width="137">1.52%</td> <td align="center" valign="bottom" width="98">$59.16</td> <td align="center" valign="bottom" width="111">$58.81</td></tr>
<tr> <td align="center" valign="bottom" width="127">MBLY</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$63.33</td> <td align="center" valign="bottom" width="124">2,860,710</td> <td align="center" valign="bottom" width="137">2.79%</td> <td align="center" valign="bottom" width="98">$63.32</td> <td align="center" valign="bottom" width="111">$62.97</td></tr>
<tr> <td align="center" valign="bottom" width="127">MDCO</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$38.41</td> <td align="center" valign="bottom" width="124">1,161,510</td> <td align="center" valign="bottom" width="137">2.93%</td> <td align="center" valign="bottom" width="98">$38.51</td> <td align="center" valign="bottom" width="111">$40.45</td></tr>
<tr> <td align="center" valign="bottom" width="127">MDLZ</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$43.93</td> <td align="center" valign="bottom" width="124">7,098,920</td> <td align="center" valign="bottom" width="137">2.67%</td> <td align="center" valign="bottom" width="98">$43.95</td> <td align="center" valign="bottom" width="111">$44.04</td></tr>
<tr> <td align="center" valign="bottom" width="127">OXY</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$62.73</td> <td align="center" valign="bottom" width="124">4,787,670</td> <td align="center" valign="bottom" width="137">3.19%</td> <td align="center" valign="bottom" width="98">$60.57</td> <td align="center" valign="bottom" width="111">$60.00</td></tr>
<tr> <td align="center" valign="bottom" width="127">Q</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$90.65</td> <td align="center" valign="bottom" width="124">1,022,260</td> <td align="center" valign="bottom" width="137">1.89%</td> <td align="center" valign="bottom" width="98">$90.75</td> <td align="center" valign="bottom" width="111">$90.09</td></tr>
<tr> <td align="center" valign="bottom" width="127">QSR</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$60.28</td> <td align="center" valign="bottom" width="124">1,093,450</td> <td align="center" valign="bottom" width="137">4.01%</td> <td align="center" valign="bottom" width="98">$61.27</td> <td align="center" valign="bottom" width="111">$61.48</td></tr>
<tr> <td align="center" valign="bottom" width="127">RAI</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$65.40</td> <td align="center" valign="bottom" width="124">7,666,680</td> <td align="center" valign="bottom" width="137">1.78%</td> <td align="center" valign="bottom" width="98">$65.23</td> <td align="center" valign="bottom" width="111">$65.45</td></tr>
<tr> <td align="center" valign="bottom" width="127">RIO</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$46.61</td> <td align="center" valign="bottom" width="124">3,263,610</td> <td align="center" valign="bottom" width="137">1.37%</td> <td align="center" valign="bottom" width="98">$45.19</td> <td align="center" valign="bottom" width="111">$42.32</td></tr>
<tr> <td align="center" valign="bottom" width="127">SBGI</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$36.75</td> <td align="center" valign="bottom" width="124">2,215,180</td> <td align="center" valign="bottom" width="137">3.44%</td> <td align="center" valign="bottom" width="98">$34.61</td> <td align="center" valign="bottom" width="111">$34.45</td></tr>
<tr> <td align="center" valign="bottom" width="127">SO</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$47.51</td> <td align="center" valign="bottom" width="124">4,509,590</td> <td align="center" valign="bottom" width="137">1.23%</td> <td align="center" valign="bottom" width="98">$47.31</td> <td align="center" valign="bottom" width="111">$49.24</td></tr>
<tr> <td align="center" valign="bottom" width="127">SPR</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$60.89</td> <td align="center" valign="bottom" width="124">1,015,710</td> <td align="center" valign="bottom" width="137">7.47%</td> <td align="center" valign="bottom" width="98">$60.65</td> <td align="center" valign="bottom" width="111">$58.44</td></tr>
<tr> <td align="center" valign="bottom" width="127">TAP</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$89.11</td> <td align="center" valign="bottom" width="124">2,002,780</td> <td align="center" valign="bottom" width="137">1.45%</td> <td align="center" valign="bottom" width="98">$88.22</td> <td align="center" valign="bottom" width="111">$87.92</td></tr>
<tr> <td align="center" valign="bottom" width="127">TEX</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$38.69</td> <td align="center" valign="bottom" width="124">1,646,410</td> <td align="center" valign="bottom" width="137">2.23%</td> <td align="center" valign="bottom" width="98">$38.64</td> <td align="center" valign="bottom" width="111">$37.05</td></tr>
<tr> <td align="center" valign="bottom" width="127">TWX</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$102.73</td> <td align="center" valign="bottom" width="124">3,673,550</td> <td align="center" valign="bottom" width="137">1.11%</td> <td align="center" valign="bottom" width="98">$100.09</td> <td align="center" valign="bottom" width="111">$101.08</td></tr>
<tr> <td align="center" valign="bottom" width="127">VMC</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$124.00</td> <td align="center" valign="bottom" width="124">1,077,040</td> <td align="center" valign="bottom" width="137">4.32%</td> <td align="center" valign="bottom" width="98">$125.29</td> <td align="center" valign="bottom" width="111">$128.72</td></tr>
<tr> <td align="center" valign="bottom" width="127">VNTV</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$64.02</td> <td align="center" valign="bottom" width="124">1,975,540</td> <td align="center" valign="bottom" width="137">1.75%</td> <td align="center" valign="bottom" width="98">$64.14</td> <td align="center" valign="bottom" width="111">$62.55</td></tr>
<tr> <td align="center" valign="bottom" width="127">VOYA</td> <td align="center" valign="bottom" width="85">BMO</td> <td align="center" valign="bottom" width="132">$39.00</td> <td align="center" valign="bottom" width="124">1,500,080</td> <td align="center" valign="bottom" width="137">3.97%</td> <td align="center" valign="bottom" width="98">$37.75</td> <td align="center" valign="bottom" width="111">$36.95</td></tr>
<tr> <td align="center" valign="bottom" width="127">AIG</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$65.27</td> <td align="center" valign="bottom" width="124">5,845,420</td> <td align="center" valign="bottom" width="137">5.52%</td> <td align="center" valign="bottom" width="98">$64.48</td> <td align="center" valign="bottom" width="111">$64.15</td></tr>
<tr> <td align="center" valign="bottom" width="127">BIVV</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$62.53</td> <td align="center" valign="bottom" width="124">1,398,650</td> <td align="center" valign="bottom" width="137">1.33%</td> <td align="center" valign="bottom" width="98">$62.18</td> <td align="center" valign="bottom" width="111">$61.29</td></tr>
<tr> <td align="center" valign="bottom" width="127">BLUE</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$96.70</td> <td align="center" valign="bottom" width="124">1,021,550</td> <td align="center" valign="bottom" width="137">7.14%</td> <td align="center" valign="bottom" width="98">$96.77</td> <td align="center" valign="bottom" width="111">$108.42</td></tr>
<tr> <td align="center" valign="bottom" width="127">BMRN</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$88.34</td> <td align="center" valign="bottom" width="124">1,247,310</td> <td align="center" valign="bottom" width="137">1.60%</td> <td align="center" valign="bottom" width="98">$88.41</td> <td align="center" valign="bottom" width="111">$93.02</td></tr>
<tr> <td align="center" valign="bottom" width="127">CA</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$30.94</td> <td align="center" valign="bottom" width="124">3,363,120</td> <td align="center" valign="bottom" width="137">2.67%</td> <td align="center" valign="bottom" width="98">$34.22</td> <td align="center" valign="bottom" width="111">$33.71</td></tr>
<tr> <td align="center" valign="bottom" width="127">CAKE</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$47.67</td> <td align="center" valign="bottom" width="124">1,147,020</td> <td align="center" valign="bottom" width="137">4.81%</td> <td align="center" valign="bottom" width="98">$49.87</td> <td align="center" valign="bottom" width="111">$49.69</td></tr>
<tr> <td align="center" valign="bottom" width="127">CC</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$48.09</td> <td align="center" valign="bottom" width="124">3,034,610</td> <td align="center" valign="bottom" width="137">6.95%</td> <td align="center" valign="bottom" width="98">$45.83</td> <td align="center" valign="bottom" width="111">$41.72</td></tr>
<tr> <td align="center" valign="bottom" width="127">CLVS</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$98.02</td> <td align="center" valign="bottom" width="124">1,925,760</td> <td align="center" valign="bottom" width="137">4.85%</td> <td align="center" valign="bottom" width="98">$87.39</td> <td align="center" valign="bottom" width="111">$90.10</td></tr>
<tr> <td align="center" valign="bottom" width="127">CRUS</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$62.16</td> <td align="center" valign="bottom" width="124">1,004,970</td> <td align="center" valign="bottom" width="137">10.05%</td> <td align="center" valign="bottom" width="98">$63.85</td> <td align="center" valign="bottom" width="111">$63.59</td></tr>
<tr> <td align="center" valign="bottom" width="127">CTXS</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$79.71</td> <td align="center" valign="bottom" width="124">1,404,890</td> <td align="center" valign="bottom" width="137">2.80%</td> <td align="center" valign="bottom" width="98">$81.55</td> <td align="center" valign="bottom" width="111">$80.05</td></tr>
<tr> <td align="center" valign="bottom" width="127">DATA</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$64.85</td> <td align="center" valign="bottom" width="124">1,124,810</td> <td align="center" valign="bottom" width="137">9.64%</td> <td align="center" valign="bottom" width="98">$64.26</td> <td align="center" valign="bottom" width="111">$63.76</td></tr>
<tr> <td align="center" valign="bottom" width="127">HOLX</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$44.12</td> <td align="center" valign="bottom" width="124">2,548,410</td> <td align="center" valign="bottom" width="137">4.11%</td> <td align="center" valign="bottom" width="98">$45.02</td> <td align="center" valign="bottom" width="111">$45.47</td></tr>
<tr> <td align="center" valign="bottom" width="127">HTA</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$30.32</td> <td align="center" valign="bottom" width="124">2,777,410</td> <td align="center" valign="bottom" width="137">1.50%</td> <td align="center" valign="bottom" width="98">$30.31</td> <td align="center" valign="bottom" width="111">$31.07</td></tr>
<tr> <td align="center" valign="bottom" width="127">K</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$67.65</td> <td align="center" valign="bottom" width="124">2,278,640</td> <td align="center" valign="bottom" width="137">1.96%</td> <td align="center" valign="bottom" width="98">$66.91</td> <td align="center" valign="bottom" width="111">$68.39</td></tr>
<tr> <td align="center" valign="bottom" width="127">LVLT</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$58.61</td> <td align="center" valign="bottom" width="124">2,270,280</td> <td align="center" valign="bottom" width="137">3.80%</td> <td align="center" valign="bottom" width="98">$58.13</td> <td align="center" valign="bottom" width="111">$59.23</td></tr>
<tr> <td align="center" valign="bottom" width="127">MET</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$55.25</td> <td align="center" valign="bottom" width="124">4,966,030</td> <td align="center" valign="bottom" width="137">4.34%</td> <td align="center" valign="bottom" width="98">$54.98</td> <td align="center" valign="bottom" width="111">$54.32</td></tr>
<tr> <td align="center" valign="bottom" width="127">MOH</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$70.00</td> <td align="center" valign="bottom" width="124">1,368,410</td> <td align="center" valign="bottom" width="137">9.66%</td> <td align="center" valign="bottom" width="98">$70.40</td> <td align="center" valign="bottom" width="111">$70.12</td></tr>
<tr> <td align="center" valign="bottom" width="127">NXPI</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$110.22</td> <td align="center" valign="bottom" width="124">3,234,700</td> <td align="center" valign="bottom" width="137">1.54%</td> <td align="center" valign="bottom" width="98">$109.70</td> <td align="center" valign="bottom" width="111">$109.66</td></tr>
<tr> <td align="center" valign="bottom" width="127">PRU</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$113.20</td> <td align="center" valign="bottom" width="124">1,808,100</td> <td align="center" valign="bottom" width="137">2.84%</td> <td align="center" valign="bottom" width="98">$111.80</td> <td align="center" valign="bottom" width="111">$108.30</td></tr>
<tr> <td align="center" valign="bottom" width="127">PRXL</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$87.38</td> <td align="center" valign="bottom" width="124">1,321,630</td> <td align="center" valign="bottom" width="137">7.32%</td> <td align="center" valign="bottom" width="98">$87.41</td> <td align="center" valign="bottom" width="111">$87.33</td></tr>
<tr> <td align="center" valign="bottom" width="127">QRVO</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$69.00</td> <td align="center" valign="bottom" width="124">1,850,050</td> <td align="center" valign="bottom" width="137">5.90%</td> <td align="center" valign="bottom" width="98">$68.40</td> <td align="center" valign="bottom" width="111">$67.43</td></tr>
<tr> <td align="center" valign="bottom" width="127">SYMC</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$31.03</td> <td align="center" valign="bottom" width="124">7,963,450</td> <td align="center" valign="bottom" width="137">4.66%</td> <td align="center" valign="bottom" width="98">$30.93</td> <td align="center" valign="bottom" width="111">$29.47</td></tr>
<tr> <td align="center" valign="bottom" width="127">TDOC</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$33.75</td> <td align="center" valign="bottom" width="124">1,003,500</td> <td align="center" valign="bottom" width="137">13.37%</td> <td align="center" valign="bottom" width="98">$34.55</td> <td align="center" valign="bottom" width="111">$33.84</td></tr>
<tr> <td align="center" valign="bottom" width="127">TS</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$31.64</td> <td align="center" valign="bottom" width="124">1,982,480</td> <td align="center" valign="bottom" width="137">2.83%</td> <td align="center" valign="bottom" width="98">$32.20</td> <td align="center" valign="bottom" width="111">$31.31</td></tr>
<tr> <td align="center" valign="bottom" width="127">TSLA</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$335.07</td> <td align="center" valign="bottom" width="124">8,041,690</td> <td align="center" valign="bottom" width="137">3.59%</td> <td align="center" valign="bottom" width="98">$331.96</td> <td align="center" valign="bottom" width="111">$345.06</td></tr>
<tr> <td align="center" valign="bottom" width="127">TTWO</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$80.10</td> <td align="center" valign="bottom" width="124">2,398,650</td> <td align="center" valign="bottom" width="137">4.12%</td> <td align="center" valign="bottom" width="98">$78.71</td> <td align="center" valign="bottom" width="111">$76.59</td></tr>
<tr> <td align="center" valign="bottom" width="127">WMB</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$31.99</td> <td align="center" valign="bottom" width="124">5,871,700</td> <td align="center" valign="bottom" width="137">3.80%</td> <td align="center" valign="bottom" width="98">$31.50</td> <td align="center" valign="bottom" width="111">$29.89</td></tr>
<tr> <td align="center" valign="bottom" width="127">WPZ</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$41.08</td> <td align="center" valign="bottom" width="124">1,149,420</td> <td align="center" valign="bottom" width="137">3.73%</td> <td align="center" valign="bottom" width="98">$41.11</td> <td align="center" valign="bottom" width="111">$39.04</td></tr>
<tr> <td align="center" valign="bottom" width="127">XPO</td> <td align="center" valign="bottom" width="85">AMC</td> <td align="center" valign="bottom" width="132">$60.09</td> <td align="center" valign="bottom" width="124">1,988,690</td> <td align="center" valign="bottom" width="137">7.41%</td> <td align="center" valign="bottom" width="99">$61.04</td> <td align="center" valign="bottom" width="112">$61.98</td></tr>
</tbody></table>
<br />
<b><u>Thursday August 3:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Chain Store Sales, Challenger Job-Cut Report – 7:30,Weekly Jobless Claims – 8:30, Gallup Good Jobs Rate – 8:30AM, Bloomberg Consumer Comfort Index – 9:45, PMI Services Index – 9:45AN, Factory Orders _ 10:00, ISM Non-manufacturing Index – 10:00, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00, Money Supply – 4:30.<br />
<br />
International Economic: Germany PMI Composite – 3:55AM, Eurozone PMI Composite – 3:55AM, Eurozone Retail Sales – 5:00AM<br />
<br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 824px;"> <tbody>
<tr> <td align="center" valign="bottom" width="126"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="83"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="115"><b><u>7/28 Close</u></b></td> <td align="center" valign="bottom" width="121"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="124"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="122"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="123"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="126">ABC</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$93.97</td> <td align="center" valign="bottom" width="121">1,337,930</td> <td align="center" valign="bottom" width="124">5.60%</td> <td align="center" valign="bottom" width="122">$92.66</td> <td align="center" valign="bottom" width="123">$94.08</td></tr>
<tr> <td align="center" valign="bottom" width="126">AEE</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$56.16</td> <td align="center" valign="bottom" width="121">1,454,070</td> <td align="center" valign="bottom" width="124">1.00%</td> <td align="center" valign="bottom" width="122">$55.73</td> <td align="center" valign="bottom" width="123">$55.35</td></tr>
<tr> <td align="center" valign="bottom" width="126">AER</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$49.04</td> <td align="center" valign="bottom" width="121">1,358,860</td> <td align="center" valign="bottom" width="124">1.52%</td> <td align="center" valign="bottom" width="122">$48.84</td> <td align="center" valign="bottom" width="123">$47.47</td></tr>
<tr> <td align="center" valign="bottom" width="126">AET</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$155.29</td> <td align="center" valign="bottom" width="121">2,181,840</td> <td align="center" valign="bottom" width="124">1.10%</td> <td align="center" valign="bottom" width="122">$155.18</td> <td align="center" valign="bottom" width="123">$153.97</td></tr>
<tr> <td align="center" valign="bottom" width="126">AGN</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$253.01</td> <td align="center" valign="bottom" width="121">2,188,600</td> <td align="center" valign="bottom" width="124">3.10%</td> <td align="center" valign="bottom" width="122">$250.40</td> <td align="center" valign="bottom" width="123">$247.60</td></tr>
<tr> <td align="center" valign="bottom" width="126">AKRX</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$33.63</td> <td align="center" valign="bottom" width="121">2,320,480</td> <td align="center" valign="bottom" width="124">7.13%</td> <td align="center" valign="bottom" width="122">$33.64</td> <td align="center" valign="bottom" width="123">$33.56</td></tr>
<tr> <td align="center" valign="bottom" width="126">ALNY</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$82.63</td> <td align="center" valign="bottom" width="121">1,097,750</td> <td align="center" valign="bottom" width="124">8.50%</td> <td align="center" valign="bottom" width="122">$80.14</td> <td align="center" valign="bottom" width="123">$81.47</td></tr>
<tr> <td align="center" valign="bottom" width="126">AON</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$138.67</td> <td align="center" valign="bottom" width="121">1,175,240</td> <td align="center" valign="bottom" width="124">1.79%</td> <td align="center" valign="bottom" width="122">$138.10</td> <td align="center" valign="bottom" width="123">$136.75</td></tr>
<tr> <td align="center" valign="bottom" width="126">APA</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$50.01</td> <td align="center" valign="bottom" width="121">3,618,860</td> <td align="center" valign="bottom" width="124">3.74%</td> <td align="center" valign="bottom" width="122">$48.85</td> <td align="center" valign="bottom" width="123">$47.56</td></tr>
<tr> <td align="center" valign="bottom" width="126">AXTA</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$31.98</td> <td align="center" valign="bottom" width="121">1,417,030</td> <td align="center" valign="bottom" width="124">0.79%</td> <td align="center" valign="bottom" width="122">$32.73</td> <td align="center" valign="bottom" width="123">$32.33</td></tr>
<tr> <td align="center" valign="bottom" width="126">BDX</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$201.98</td> <td align="center" valign="bottom" width="121">1,773,540</td> <td align="center" valign="bottom" width="124">1.83%</td> <td align="center" valign="bottom" width="122">$202.66</td> <td align="center" valign="bottom" width="123">$199.32</td></tr>
<tr> <td align="center" valign="bottom" width="126">BERY</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$56.03</td> <td align="center" valign="bottom" width="121">1,017,130</td> <td align="center" valign="bottom" width="124">3.55%</td> <td align="center" valign="bottom" width="122">$57.29</td> <td align="center" valign="bottom" width="123">$57.48</td></tr>
<tr> <td align="center" valign="bottom" width="126">BLL</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$41.89</td> <td align="center" valign="bottom" width="121">2,214,250</td> <td align="center" valign="bottom" width="124">5.86%</td> <td align="center" valign="bottom" width="122">$42.47</td> <td align="center" valign="bottom" width="123">$42.29</td></tr>
<tr> <td align="center" valign="bottom" width="126">CHD</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$53.30</td> <td align="center" valign="bottom" width="121">1,442,750</td> <td align="center" valign="bottom" width="124">4.64%</td> <td align="center" valign="bottom" width="122">$53.24</td> <td align="center" valign="bottom" width="123">$52.77</td></tr>
<tr> <td align="center" valign="bottom" width="126">CI</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$173.97</td> <td align="center" valign="bottom" width="121">1,451,790</td> <td align="center" valign="bottom" width="124">2.07%</td> <td align="center" valign="bottom" width="122">$173.71</td> <td align="center" valign="bottom" width="123">$170.93</td></tr>
<tr> <td align="center" valign="bottom" width="126">CNQ</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$30.95</td> <td align="center" valign="bottom" width="121">2,483,990</td> <td align="center" valign="bottom" width="124">5.31%</td> <td align="center" valign="bottom" width="122">$30.11</td> <td align="center" valign="bottom" width="123">$29.41</td></tr>
<tr> <td align="center" valign="bottom" width="126">COMM</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$36.94</td> <td align="center" valign="bottom" width="121">2,875,060</td> <td align="center" valign="bottom" width="124">8.08%</td> <td align="center" valign="bottom" width="122">$35.38</td> <td align="center" valign="bottom" width="123">$36.62</td></tr>
<tr> <td align="center" valign="bottom" width="126">CTSH</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$69.32</td> <td align="center" valign="bottom" width="121">3,842,330</td> <td align="center" valign="bottom" width="124">3.92%</td> <td align="center" valign="bottom" width="122">$69.56</td> <td align="center" valign="bottom" width="123">$68.03</td></tr>
<tr> <td align="center" valign="bottom" width="126">CXO</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$130.56</td> <td align="center" valign="bottom" width="121">1,342,790</td> <td align="center" valign="bottom" width="124">3.25%</td> <td align="center" valign="bottom" width="122">$128.07</td> <td align="center" valign="bottom" width="123">$123.61</td></tr>
<tr> <td align="center" valign="bottom" width="126">DISH</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$63.94</td> <td align="center" valign="bottom" width="121">2,146,400</td> <td align="center" valign="bottom" width="124">2.13%</td> <td align="center" valign="bottom" width="122">$64.92</td> <td align="center" valign="bottom" width="123">$64.27</td></tr>
<tr> <td align="center" valign="bottom" width="126">DUK</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$84.91</td> <td align="center" valign="bottom" width="121">2,477,360</td> <td align="center" valign="bottom" width="124">1.18%</td> <td align="center" valign="bottom" width="122">$84.44</td> <td align="center" valign="bottom" width="123">$84.93</td></tr>
<tr> <td align="center" valign="bottom" width="126">ENB</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$41.10</td> <td align="center" valign="bottom" width="121">3,282,280</td> <td align="center" valign="bottom" width="124">1.86%</td> <td align="center" valign="bottom" width="122">$41.39</td> <td align="center" valign="bottom" width="123">$39.96</td></tr>
<tr> <td align="center" valign="bottom" width="126">GPN</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$94.52</td> <td align="center" valign="bottom" width="121">1,062,950</td> <td align="center" valign="bottom" width="124">4.26%</td> <td align="center" valign="bottom" width="122">$93.49</td> <td align="center" valign="bottom" width="123">$91.77</td></tr>
<tr> <td align="center" valign="bottom" width="126">HPP</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$32.40</td> <td align="center" valign="bottom" width="121">1,179,010</td> <td align="center" valign="bottom" width="124">0.69%</td> <td align="center" valign="bottom" width="122">$32.30</td> <td align="center" valign="bottom" width="123">$33.34</td></tr>
<tr> <td align="center" valign="bottom" width="126">ICE</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$66.37</td> <td align="center" valign="bottom" width="121">2,593,790</td> <td align="center" valign="bottom" width="124">2.73%</td> <td align="center" valign="bottom" width="122">$66.08</td> <td align="center" valign="bottom" width="123">$65.69</td></tr>
<tr> <td align="center" valign="bottom" width="126">LDOS</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$53.60</td> <td align="center" valign="bottom" width="121">1,172,350</td> <td align="center" valign="bottom" width="124">3.39%</td> <td align="center" valign="bottom" width="122">$53.35</td> <td align="center" valign="bottom" width="123">$52.60</td></tr>
<tr> <td align="center" valign="bottom" width="126">LNC</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$72.81</td> <td align="center" valign="bottom" width="121">1,445,640</td> <td align="center" valign="bottom" width="124">3.07%</td> <td align="center" valign="bottom" width="122">$71.30</td> <td align="center" valign="bottom" width="123">$68.84</td></tr>
<tr> <td align="center" valign="bottom" width="126">PGR</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$47.22</td> <td align="center" valign="bottom" width="121">3,036,020</td> <td align="center" valign="bottom" width="124">1.94%</td> <td align="center" valign="bottom" width="122">$46.14</td> <td align="center" valign="bottom" width="123">$45.56</td></tr>
<tr> <td align="center" valign="bottom" width="126">PH</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$164.75</td> <td align="center" valign="bottom" width="121">1,074,720</td> <td align="center" valign="bottom" width="124">2.34%</td> <td align="center" valign="bottom" width="122">$165.27</td> <td align="center" valign="bottom" width="123">$161.53</td></tr>
<tr> <td align="center" valign="bottom" width="126">PPL</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$38.18</td> <td align="center" valign="bottom" width="121">3,367,960</td> <td align="center" valign="bottom" width="124">0.89%</td> <td align="center" valign="bottom" width="122">$38.02</td> <td align="center" valign="bottom" width="123">$38.33</td></tr>
<tr> <td align="center" valign="bottom" width="126">PRGO</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$74.47</td> <td align="center" valign="bottom" width="121">1,526,160</td> <td align="center" valign="bottom" width="124">7.98%</td> <td align="center" valign="bottom" width="122">$0.00</td> <td align="center" valign="bottom" width="123">$0.00</td></tr>
<tr> <td align="center" valign="bottom" width="126">PWR</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$33.58</td> <td align="center" valign="bottom" width="121">1,709,280</td> <td align="center" valign="bottom" width="124">2.97%</td> <td align="center" valign="bottom" width="122">$33.57</td> <td align="center" valign="bottom" width="123">$33.04</td></tr>
<tr> <td align="center" valign="bottom" width="126">RLGY</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$33.01</td> <td align="center" valign="bottom" width="121">1,117,940</td> <td align="center" valign="bottom" width="124">6.16%</td> <td align="center" valign="bottom" width="122">$33.56</td> <td align="center" valign="bottom" width="123">$32.31</td></tr>
<tr> <td align="center" valign="bottom" width="126">SHPG</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$168.29</td> <td align="center" valign="bottom" width="121">1,260,150</td> <td align="center" valign="bottom" width="124">3.39%</td> <td align="center" valign="bottom" width="122">$164.73</td> <td align="center" valign="bottom" width="123">$167.43</td></tr>
<tr> <td align="center" valign="bottom" width="126">SRE</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$113.04</td> <td align="center" valign="bottom" width="121">1,217,920</td> <td align="center" valign="bottom" width="124">1.79%</td> <td align="center" valign="bottom" width="122">$113.08</td> <td align="center" valign="bottom" width="123">$112.00</td></tr>
<tr> <td align="center" valign="bottom" width="126">TEVA</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$32.34</td> <td align="center" valign="bottom" width="121">7,810,590</td> <td align="center" valign="bottom" width="124">4.87%</td> <td align="center" valign="bottom" width="122">$32.34</td> <td align="center" valign="bottom" width="123">$32.31</td></tr>
<tr> <td align="center" valign="bottom" width="126">TRGP</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$46.77</td> <td align="center" valign="bottom" width="121">2,220,180</td> <td align="center" valign="bottom" width="124">4.46%</td> <td align="center" valign="bottom" width="122">$46.32</td> <td align="center" valign="bottom" width="123">$43.84</td></tr>
<tr> <td align="center" valign="bottom" width="126">VWR</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$33.00</td> <td align="center" valign="bottom" width="121">1,363,740</td> <td align="center" valign="bottom" width="124">2.22%</td> <td align="center" valign="bottom" width="122">$32.99</td> <td align="center" valign="bottom" width="123">$33.05</td></tr>
<tr> <td align="center" valign="bottom" width="126">WRK</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$57.32</td> <td align="center" valign="bottom" width="121">1,267,140</td> <td align="center" valign="bottom" width="124">2.37%</td> <td align="center" valign="bottom" width="122">$58.99</td> <td align="center" valign="bottom" width="123">$58.04</td></tr>
<tr> <td align="center" valign="bottom" width="126">WYN</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$103.62</td> <td align="center" valign="bottom" width="121">1,047,400</td> <td align="center" valign="bottom" width="124">7.23%</td> <td align="center" valign="bottom" width="122">$103.11</td> <td align="center" valign="bottom" width="123">$102.75</td></tr>
<tr> <td align="center" valign="bottom" width="126">YUM</td> <td align="center" valign="bottom" width="83">BMO</td> <td align="center" valign="bottom" width="115">$75.00</td> <td align="center" valign="bottom" width="121">2,188,180</td> <td align="center" valign="bottom" width="124">2.08%</td> <td align="center" valign="bottom" width="122">$74.40</td> <td align="center" valign="bottom" width="123">$74.00</td></tr>
<tr> <td align="center" valign="bottom" width="126">AAOI</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$96.64</td> <td align="center" valign="bottom" width="121">3,566,810</td> <td align="center" valign="bottom" width="124">15.36%</td> <td align="center" valign="bottom" width="122">$91.89</td> <td align="center" valign="bottom" width="123">$80.70</td></tr>
<tr> <td align="center" valign="bottom" width="126">ACIA</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$43.55</td> <td align="center" valign="bottom" width="121">1,095,850</td> <td align="center" valign="bottom" width="124">21.4%</td> <td align="center" valign="bottom" width="122">$42.45</td> <td align="center" valign="bottom" width="123">$42.16</td></tr>
<tr> <td align="center" valign="bottom" width="126">ATVI</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$61.45</td> <td align="center" valign="bottom" width="121">6,747,220</td> <td align="center" valign="bottom" width="124">6.18%</td> <td align="center" valign="bottom" width="122">$61.21</td> <td align="center" valign="bottom" width="123">$59.52</td></tr>
<tr> <td align="center" valign="bottom" width="126">BZUN</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$33.69</td> <td align="center" valign="bottom" width="121">2,057,080</td> <td align="center" valign="bottom" width="124">6.00%</td> <td align="center" valign="bottom" width="122">$31.39</td> <td align="center" valign="bottom" width="123">$27.85</td></tr>
<tr> <td align="center" valign="bottom" width="126">ED</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$82.38</td> <td align="center" valign="bottom" width="121">1,433,790</td> <td align="center" valign="bottom" width="124">0.92%</td> <td align="center" valign="bottom" width="122">$81.82</td> <td align="center" valign="bottom" width="123">$82.58</td></tr>
<tr> <td align="center" valign="bottom" width="126">FLR</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$44.58</td> <td align="center" valign="bottom" width="121">1,367,280</td> <td align="center" valign="bottom" width="124">5.48%</td> <td align="center" valign="bottom" width="122">$45.23</td> <td align="center" valign="bottom" width="123">$45.22</td></tr>
<tr> <td align="center" valign="bottom" width="126">FLT</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$152.05</td> <td align="center" valign="bottom" width="121">1,392,110</td> <td align="center" valign="bottom" width="124">7.11%</td> <td align="center" valign="bottom" width="122">$149.71</td> <td align="center" valign="bottom" width="123">$146.96</td></tr>
<tr> <td align="center" valign="bottom" width="126">GRUB</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$46.64</td> <td align="center" valign="bottom" width="121">2,000,890</td> <td align="center" valign="bottom" width="124">15.71%</td> <td align="center" valign="bottom" width="122">$45.84</td> <td align="center" valign="bottom" width="123">$45.29</td></tr>
<tr> <td align="center" valign="bottom" width="126">KHC</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$87.64</td> <td align="center" valign="bottom" width="121">2,742,920</td> <td align="center" valign="bottom" width="124">1.85%</td> <td align="center" valign="bottom" width="122">$86.41</td> <td align="center" valign="bottom" width="123">$86.29</td></tr>
<tr> <td align="center" valign="bottom" width="126">LNT</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$40.47</td> <td align="center" valign="bottom" width="121">1,263,870</td> <td align="center" valign="bottom" width="124">0.89%</td> <td align="center" valign="bottom" width="122">$40.62</td> <td align="center" valign="bottom" width="123">$40.65</td></tr>
<tr> <td align="center" valign="bottom" width="126">MCHP</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$80.70</td> <td align="center" valign="bottom" width="121">2,449,980</td> <td align="center" valign="bottom" width="124">4.63%</td> <td align="center" valign="bottom" width="122">$81.48</td> <td align="center" valign="bottom" width="123">$79.59</td></tr>
<tr> <td align="center" valign="bottom" width="126">MNST</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$53.41</td> <td align="center" valign="bottom" width="121">2,179,650</td> <td align="center" valign="bottom" width="124">5.51%</td> <td align="center" valign="bottom" width="122">$52.59</td> <td align="center" valign="bottom" width="123">$51.55</td></tr>
<tr> <td align="center" valign="bottom" width="126">MSI</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$91.01</td> <td align="center" valign="bottom" width="121">1,002,970</td> <td align="center" valign="bottom" width="124">3.44%</td> <td align="center" valign="bottom" width="122">$90.17</td> <td align="center" valign="bottom" width="123">$88.95</td></tr>
<tr> <td align="center" valign="bottom" width="126">NBIX</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$49.46</td> <td align="center" valign="bottom" width="121">1,089,840</td> <td align="center" valign="bottom" width="124">2.47%</td> <td align="center" valign="bottom" width="122">$48.02</td> <td align="center" valign="bottom" width="123">$47.75</td></tr>
<tr> <td align="center" valign="bottom" width="126">RDUS</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$42.13</td> <td align="center" valign="bottom" width="121">1,261,550</td> <td align="center" valign="bottom" width="124">4.49%</td> <td align="center" valign="bottom" width="122">$42.98</td> <td align="center" valign="bottom" width="123">$44.20</td></tr>
<tr> <td align="center" valign="bottom" width="126">REG</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$66.16</td> <td align="center" valign="bottom" width="121">1,203,800</td> <td align="center" valign="bottom" width="124">1.68%</td> <td align="center" valign="bottom" width="122">$64.64</td> <td align="center" valign="bottom" width="123">$63.34</td></tr>
<tr> <td align="center" valign="bottom" width="126">SPNC</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$38.45</td> <td align="center" valign="bottom" width="121">1,410,670</td> <td align="center" valign="bottom" width="124">4.59%</td> <td align="center" valign="bottom" width="122">$38.45</td> <td align="center" valign="bottom" width="123">$34.03</td></tr>
<tr> <td align="center" valign="bottom" width="126">VIAB</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$35.66</td> <td align="center" valign="bottom" width="121">5,506,300</td> <td align="center" valign="bottom" width="124">3.52%</td> <td align="center" valign="bottom" width="122">$35.49</td> <td align="center" valign="bottom" width="123">$34.73</td></tr>
<tr> <td align="center" valign="bottom" width="126">WTW</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$37.16</td> <td align="center" valign="bottom" width="121">1,262,280</td> <td align="center" valign="bottom" width="124">12.71%</td> <td align="center" valign="bottom" width="122">$37.30</td> <td align="center" valign="bottom" width="123">$34.96</td></tr>
<tr> <td align="center" valign="bottom" width="126">YELP</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="115">$33.02</td> <td align="center" valign="bottom" width="121">3,568,720</td> <td align="center" valign="bottom" width="124">13.69%</td> <td align="center" valign="bottom" width="123">$32.29</td> <td align="center" valign="bottom" width="124">$31.06</td></tr>
</tbody></table>
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<u></u> <br />
<b><u>Friday August 4:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: July Employment Situation – 8:30, International Trade – 8:30, Baker Hughes Rig Count – 1:00.<br />
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International Economic: Germany Manufacturers’ Orders – 2:00AM.<br />
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Other: Bank of England Announcement and Minutes – 7:00AM.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk484977315"></a><a href="https://www.blogger.com/null" name="_Hlk478787736"></a>Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 829px;"> <tbody>
<tr> <td align="center" valign="bottom" width="131"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="89"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="114"><b><u>7/28 Close</u></b></td> <td align="center" valign="bottom" width="136"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="124"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="118"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="107"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="131">BAH</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="114">$34.26</td> <td align="center" valign="bottom" width="136">1,285,830</td> <td align="center" valign="bottom" width="124">4.56%</td> <td align="center" valign="bottom" width="118">$33.66</td> <td align="center" valign="bottom" width="107">$33.20</td></tr>
<tr> <td align="center" valign="bottom" width="131">CBOE</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="114">$93.49</td> <td align="center" valign="bottom" width="136">1,122,270</td> <td align="center" valign="bottom" width="124">1.87%</td> <td align="center" valign="bottom" width="118">$93.17</td> <td align="center" valign="bottom" width="107">$91.52</td></tr>
<tr> <td align="center" valign="bottom" width="131">HSBC</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="114">$48.90</td> <td align="center" valign="bottom" width="136">1,703,710</td> <td align="center" valign="bottom" width="124">4.21%</td> <td align="center" valign="bottom" width="118">$48.44</td> <td align="center" valign="bottom" width="107">$46.39</td></tr>
<tr> <td align="center" valign="bottom" width="131">NWL</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="114">$52.07</td> <td align="center" valign="bottom" width="136">3,624,170</td> <td align="center" valign="bottom" width="124">6.35%</td> <td align="center" valign="bottom" width="118">$53.18</td> <td align="center" valign="bottom" width="107">$53.09</td></tr>
<tr> <td align="center" valign="bottom" width="131">TSN</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="114">$63.00</td> <td align="center" valign="bottom" width="136">2,769,960</td> <td align="center" valign="bottom" width="124">6.14%</td> <td align="center" valign="bottom" width="118">$61.86</td> <td align="center" valign="bottom" width="107">$61.08</td></tr>
</tbody></table>
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<a href="https://www.blogger.com/null" name="_Hlk479354457"></a><a href="https://www.blogger.com/null" name="_Hlk478788524"></a><a href="https://www.blogger.com/null" name="_Hlk487913048"></a><a href="https://www.blogger.com/null" name="_Hlk481914915"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk483140984"></a><b><u>Monday August 7:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
<a href="https://www.blogger.com/null" name="_Hlk4819149151"></a><a href="https://www.blogger.com/null" name="_Hlk4811596471"></a><a href="https://www.blogger.com/null" name="_Hlk4806269611"></a><a href="https://www.blogger.com/null" name="_Hlk4831409841"></a>Economic: Gallup US Consumer Pending Measure – 8:30, Labor Market Conditions Index – 10:00, TD Ameritrade IMX – 12:30.<br />
<br />
International Economic: Germany Industrial Production – 2:00AM.<br />
<br />
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.<br />
<br />
<a href="https://www.blogger.com/null" name="_Hlk4879130481"></a> <br />
Earnings:<br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 829px;"> <tbody>
<tr> <td align="center" valign="bottom" width="131"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="94"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="121"><b><u>7/28 Close</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="100"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="115"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="131">KITE</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="121">$111.43</td> <td align="center" valign="bottom" width="129">1,270,970</td> <td align="center" valign="bottom" width="129">10.48%</td> <td align="center" valign="bottom" width="100">$107.68</td> <td align="center" valign="bottom" width="115">$103.11</td></tr>
<tr> <td align="center" valign="bottom" width="131">ALB</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="121">$116.50</td> <td align="center" valign="bottom" width="130">1,137,630</td> <td align="center" valign="bottom" width="129">4.26%</td> <td align="center" valign="bottom" width="100">$117.85</td> <td align="center" valign="bottom" width="116">$111.67</td></tr>
</tbody></table>
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<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-46699029519195558902017-07-23T21:48:00.000-05:002017-08-06T19:49:59.196-05:00Market News for the Prepared Mind: 7.24.2017– 7.31.2017<br />
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"Chance favors the Prepared Mind." - Louis Pasteur<br />
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“I don't necessarily agree with everything that I say.” - Marshall McLuhan<br />
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Chaos is God's body. Order is the Devil's chains.” – John Updike<br />
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“The Ford administration took over in a very turbulent, controversial period, we healed the wounds and we restored public trust in the White House and the presidency.” – Gerald Ford<br />
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“Chaos was the law of nature; Order was the dream of man.” – Henry Adams</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAmjDqwnySblsKy-XqNLljzXzM8SFzYk59VnyDSkvFgpTZzo3qmB_Irj2izsOcsEiZURBxKW1ZoUEDv6Q_84BJwfLWHX4aULk3h_k-iX_zV4pBwQMPxC2kHCYd0j_9xf8KWt0cgjpPdI1X/s1600/stocks+and+jocks+small.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="96" data-original-width="160" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAmjDqwnySblsKy-XqNLljzXzM8SFzYk59VnyDSkvFgpTZzo3qmB_Irj2izsOcsEiZURBxKW1ZoUEDv6Q_84BJwfLWHX4aULk3h_k-iX_zV4pBwQMPxC2kHCYd0j_9xf8KWt0cgjpPdI1X/s1600/stocks+and+jocks+small.JPG" /></a></div>
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Listen to me every Monday morning on "Stocks and Jocks." The show<span style="font-family: inherit;"> combines </span><span style="font-family: inherit;">the market insight of Louis Rukeyser, a dash of sports, and the humor of Seinfeld with truly honest stock market and economic advice. <span style="background-color: white; font-size: 20px;">It is interactive, listener-driven and hosted by financial industry gurus Tom “The Chief” Haugh and Jon “Dr. J” Najarian. Stream it live Monday throug Friday from 6:00AM to 8:00AM Central at </span></span><a href="http://radio.securenetsystems.net/v5/SJRADIO">Stocks and Jocks</a>.</div>
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All the major equity indexes, except for the Dow Jones Industrials, showed gains last week. Earnings have allowed the major market to ignore the chaos inside the Beltway and the upcoming FOMC meeting. Nearly 20% of the S&P 500 companies have reported earnings for the second quarter. Analysts’ earnings expectations have been exceed by 74% of the companies. Earnings growth this quarter is expected to approach 10%. Tech stocks continue to lead the way.<br />
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There are earnings announcements from FANG members Alphabet (GOOGLE), Facebook, and Amazon.com. These stocks will continue to be bellwethers for the market. Any disappointments in earnings, sales or guidance will have an immediate downward effect on the market.<br />
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Here is an overview of the US market behavior last week and for 2017 YTD:<b></b><br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 986px;"> <tbody>
<tr> <td align="center" valign="bottom" width="321"><a href="https://www.blogger.com/null" name="_Hlk478791299"><b><u>Index</u></b></a></td> <td align="center" valign="bottom" width="105"><b><u>21-Jul</u></b></td> <td align="center" valign="bottom" width="86"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="117"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="143"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="204"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="321">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="105">21580.07</td> <td align="center" valign="bottom" width="86"><span style="color: red;">(57.67)</span></td> <td align="center" valign="bottom" width="117"><span style="color: red;">-0.27%</span></td> <td align="center" valign="bottom" width="143">9.20%</td> <td align="center" valign="bottom" width="204">9.55% (VXD)</td></tr>
<tr> <td valign="bottom" width="321">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="105">2472.54</td> <td align="center" valign="bottom" width="86">15.04</td> <td align="center" valign="bottom" width="117">0.61%</td> <td align="center" valign="bottom" width="143">10.47%</td> <td align="center" valign="bottom" width="204">9.36% (VIX)</td></tr>
<tr> <td valign="bottom" width="321">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="105">5921.52</td> <td align="center" valign="bottom" width="86">83.44</td> <td align="center" valign="bottom" width="117">1.43%</td> <td align="center" valign="bottom" width="143">21.75%</td> <td align="center" valign="bottom" width="204">14.36% (VXN)</td></tr>
<tr> <td valign="bottom" width="321">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="105">1435.84</td> <td align="center" valign="bottom" width="86">7.02</td> <td align="center" valign="bottom" width="117">0.49%</td> <td align="center" valign="bottom" width="143">5.80%</td> <td align="center" valign="bottom" width="204">13.85% (RVX)</td></tr>
<tr> <td valign="bottom" width="321">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="105">1087.74</td> <td align="center" valign="bottom" width="86">4.61</td> <td align="center" valign="bottom" width="117">0.43%</td> <td align="center" valign="bottom" width="143">9.71%</td> <td align="center" valign="bottom" width="204">7.77% (VXO)</td></tr>
<tr> <td valign="bottom" width="321">Crude Oil (CLU7)</td> <td align="center" valign="bottom" width="105">45.60</td> <td align="center" valign="bottom" width="86"><span style="color: red;">(1.08)</span></td> <td align="center" valign="bottom" width="117"><span style="color: red;">-2.31%</span></td> <td align="center" valign="bottom" width="143"><span style="color: red;">-15.38%</span></td> <td align="center" valign="bottom" width="204">39.25%(OVX)</td></tr>
<tr> <td valign="bottom" width="321">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="105">4637.34</td> <td align="center" valign="bottom" width="86"><span style="color: red;">(147.00)</span></td> <td align="center" valign="bottom" width="117"><span style="color: red;">-3.07%</span></td> <td align="center" valign="bottom" width="143">14.46%</td> <td align="center" valign="bottom" width="204">NA</td></tr>
<tr> <td valign="bottom" width="321">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="105">9.36</td> <td align="center" valign="bottom" width="86"><span style="color: red;">(0.15)</span></td> <td align="center" valign="bottom" width="117"><span style="color: red;">-1.58%</span></td> <td align="center" valign="bottom" width="143">NA</td> <td align="center" valign="bottom" width="204"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
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<b></b> <br />
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The VIX and related long VIX products are hovering just above all-time lows. The July standard/monthly VIX futures settled at 9.85 – a new monthly settlement low. Volatility levels are so low that three of the VIX ETPs underwent splits to reflect the downward trend. The prices for the UVXY, VIXY and SVXY are different from the prices disseminated last week. Each of these ProShares ETFs underwent splits last week.<br />
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The SVXY underwent a forward split at a 2:1 split ratio. The forward splits will decrease the price per share of each fund with a proportionate increase in the number of shares outstanding. For the 2-for-1 splits, every pre-split share will result in the receipt of two post-split shares, which will be priced at one-half the net asset value (“NAV”) of a pre-split share.<br />
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The UVXY and VIXY underwent reverse splits. Both were split at a 1:4 ratio. The reverse splits increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For the 1-for-4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share. The following chart reflects the split pricing for all three products.<br />
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Russell Rhoads’ VIX trade of the week is a big one. On mid-day on Friday with VIX at 9.76 and the standard October contract at 13.70, a trader came into the VIX pit with a three-leg bullish trade. They sold 262,441 VIX Oct 12 Puts for 0.75, purchased 262,441 VIX Oct 15 Calls for 1.45 and then finished things up with a sale of 524,882 VIX Oct 25 Calls at 0.45. The ratio of ratio of the trade is short 1 Oct 12 Put, 1 Oct 15 call and short 2 Oct 25 calls, The trade was done for a net credit of 0.20. A volatility event between now and October.<br />
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Here is an overview of last week for the VIX and related products:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 896px;"> <tbody>
<tr> <td align="center" valign="bottom" width="419"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="97"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="75"><b><u>21-Jul</u></b></td> <td align="center" valign="bottom" width="93"><b><u>14-Jul</u></b></td> <td align="center" valign="bottom" width="90"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="114"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="419">CBOE Volatility Index</td> <td align="center" valign="bottom" width="97">VIX</td> <td align="center" valign="bottom" width="75">9.36</td> <td align="center" valign="bottom" width="93">9.51</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.15)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-1.58%</span></td></tr>
<tr> <td valign="bottom" width="419">VIX August Future (8/18/2017)</td> <td align="center" valign="bottom" width="97">VXQ7</td> <td align="center" valign="bottom" width="75">11.375</td> <td align="center" valign="bottom" width="93">12.025</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.65)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-5.41%</span></td></tr>
<tr> <td valign="bottom" width="419">VIX September Future (9/20/2017)</td> <td align="center" valign="bottom" width="97">VXU7</td> <td align="center" valign="bottom" width="75">12.675</td> <td align="center" valign="bottom" width="93">12.975</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.30)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-2.31%</span></td></tr>
<tr> <td valign="bottom" width="419">VIX October Future (10/18/2017)</td> <td align="center" valign="bottom" width="97">VXV7</td> <td align="center" valign="bottom" width="75">13.475</td> <td align="center" valign="bottom" width="93">13.700</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.23)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-1.64%</span></td></tr>
<tr> <td valign="bottom" width="419">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="97">VXST</td> <td align="center" valign="bottom" width="75">7.10</td> <td align="center" valign="bottom" width="93">9.26</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(2.16)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-23.33%</span></td></tr>
<tr> <td valign="bottom" width="419">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="97">VXV</td> <td align="center" valign="bottom" width="75">12.06</td> <td align="center" valign="bottom" width="93">12.23</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.17)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-1.39%</span></td></tr>
<tr> <td valign="bottom" width="419">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="97">VXMT</td> <td align="center" valign="bottom" width="75">13.89</td> <td align="center" valign="bottom" width="93">14.01</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.12)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-0.86%</span></td></tr>
<tr> <td valign="bottom" width="419">VIX of VIX</td> <td align="center" valign="bottom" width="97">VVIX</td> <td align="center" valign="bottom" width="75">77.86</td> <td align="center" valign="bottom" width="93">82.20</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(4.34)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-5.28%</span></td></tr>
<tr> <td valign="bottom" width="419">CBOE SKEW Index</td> <td align="center" valign="bottom" width="97">SKEW</td> <td align="center" valign="bottom" width="75">134.53</td> <td align="center" valign="bottom" width="93">137.71</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(3.18)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-2.31%</span></td></tr>
<tr> <td valign="bottom" width="419"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="97"></td> <td align="center" valign="bottom" width="75"></td> <td align="center" valign="bottom" width="93"></td> <td align="center" valign="bottom" width="90"></td> <td align="center" valign="bottom" width="114"></td></tr>
<tr> <td valign="bottom" width="419">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="97">UVXY</td> <td align="center" valign="bottom" width="75">29.79</td> <td align="center" valign="bottom" width="93">34.24</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(4.45)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-13.00%</span></td></tr>
<tr> <td valign="bottom" width="419">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="97">VXX</td> <td align="center" valign="bottom" width="75">11.20</td> <td align="center" valign="bottom" width="93">12.07</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.87)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-7.21%</span></td></tr>
<tr> <td valign="bottom" width="419">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="97">VIXY</td> <td align="center" valign="bottom" width="75">37.31</td> <td align="center" valign="bottom" width="93">40.00</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(2.69)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-6.72%</span></td></tr>
<tr> <td valign="bottom" width="419">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="97">VXZ</td> <td align="center" valign="bottom" width="75">21.55</td> <td align="center" valign="bottom" width="93">21.84</td> <td align="center" valign="bottom" width="90"><span style="color: red;">(0.29)</span></td> <td align="center" valign="bottom" width="114"><span style="color: red;">-1.33%</span></td></tr>
<tr> <td valign="bottom" width="419"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="97"></td> <td align="center" valign="bottom" width="75"></td> <td align="center" valign="bottom" width="93"></td> <td align="center" valign="bottom" width="90"></td> <td align="center" valign="bottom" width="114"></td></tr>
<tr> <td valign="bottom" width="419">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="97">SVXY</td> <td align="center" valign="bottom" width="75">90.96</td> <td align="center" valign="bottom" width="93">85.00</td> <td align="center" valign="bottom" width="90">5.96</td> <td align="center" valign="bottom" width="114">7.01%</td></tr>
<tr> <td valign="bottom" width="419">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="97">XIV</td> <td align="center" valign="bottom" width="75">94.25</td> <td align="center" valign="bottom" width="93">88.19</td> <td align="center" valign="bottom" width="90">6.06</td> <td align="center" valign="bottom" width="114">6.87%</td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b></b> <br />
<div align="justify">
This will be a very big week for announcements – earnings and economic. The last week of July sees the release of major economic reports; new and existing home sales, as well as durable goods and the S&P CoreLogic Case-Shiller Home Price Index. The events with the ability to be major market movers are Fed’s July meeting and the first estimate on second-quarter GDP.<br />
<br /></div>
<div align="justify">
The FANG stocks (Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google/Alphabet (GOOG) (GOOGL) have been the fuel powering this leg of the current bull market. Three of the four FANG stocks are announcing earnings this week<br />
<br /></div>
<div align="justify">
It is earnings season! Earnings announcements will be coming fast and furious this week. The week starts with an after-the-close announcement by Alphabet (GOOGL.) Earnings highlights for the coming week include: Alphabet, AT&T, McDonalds, Mondelez Int’l, Eli Lilly, 3M, Biogen, Caterpillar, Amgen, Kimberly-Clark, DuPont, United Technologies, Facebook. Ford, Gilead Sciences, Coca Cola, Boeing, Procter&Gamble, MasterCard, Comcast, Amazon.com, Verizon, Intel. Starbucks, Dow Chemical, UPS, Bristol Myers Squibb, Merck, Chevron, and Exxon-Mobil. 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.<br />
<br /></div>
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“You need chaos in your soul to give birth to a dancing star.” Friedrich Nietzsche<br />
<br /></div>
<div align="center">
“Always go too far, because that's where you'll find the truth” - Albert Camus<br />
<br /></div>
<div align="center">
“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan<br />
<br /></div>
<div align="center">
“Freedom is what you do with what's been done to you.” – Jean-Paul Sartre<strong></strong> <br />
<br /></div>
<a href="https://www.blogger.com/null" name="_Hlk480275954"><strong></strong></a> <br />
<b><u>Monday July 24:</u></b> <br />
<b><u></u></b> <br />
Economic: PMI Composite Flash – 8:30, Existing Home Sales – 10:00.<br />
<br />
International Economic: Germany PMI Composite Flash - 3:30AM, Eurozone PMI Composite Flash – 4:00AM.<br />
<br />
Other: Bank of Japan Minutes - 7:50PM.<br />
<br />
<strong></strong> <br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 897px;"> <tbody>
<tr> <td align="center" valign="bottom" width="133"><a href="https://www.blogger.com/null" name="_Hlk488596943"><b><u>SYMBOL</u></b></a></td> <td align="center" valign="bottom" width="94"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="132"><b><u>7/21 CLOSE</u></b></td> <td align="center" valign="bottom" width="142"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="132"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="134"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="122"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="133">ITW</td> <td align="center" width="94">BMO</td> <td align="center" valign="bottom" width="132">$147.29</td> <td align="center" valign="bottom" width="142">1,238,920</td> <td align="center" valign="bottom" width="132">2.42%</td> <td align="center" valign="bottom" width="134">$146.24</td> <td align="center" valign="bottom" width="122">$145.69</td></tr>
<tr> <td align="center" valign="bottom" width="133">PHG</td> <td align="center" width="94">BMO</td> <td align="center" valign="bottom" width="132">$36.08</td> <td align="center" valign="bottom" width="142">1,496,890</td> <td align="center" valign="bottom" width="132">3.60%</td> <td align="center" valign="bottom" width="134">$36.23</td> <td align="center" valign="bottom" width="122">$36.66</td></tr>
<tr> <td align="center" valign="bottom" width="133">SWK</td> <td align="center" width="94">BMO</td> <td align="center" valign="bottom" width="132">$146.79</td> <td align="center" valign="bottom" width="142">1,044,540</td> <td align="center" valign="bottom" width="132">2.52%</td> <td align="center" valign="bottom" width="134">$146.22</td> <td align="center" valign="bottom" width="122">$143.50</td></tr>
<tr> <td align="center" valign="bottom" width="133">VFC</td> <td align="center" width="94">BMO</td> <td align="center" valign="bottom" width="132">$58.65</td> <td align="center" valign="bottom" width="142">3,043,720</td> <td align="center" valign="bottom" width="132">3.58%</td> <td align="center" valign="bottom" width="134">$56.33</td> <td align="center" valign="bottom" width="122">$56.34</td></tr>
<tr> <td align="center" valign="bottom" width="133">CDNS</td> <td align="center" width="94">AMC</td> <td align="center" valign="bottom" width="132">$34.98</td> <td align="center" valign="bottom" width="142">1,885,450</td> <td align="center" valign="bottom" width="132">6.18%</td> <td align="center" valign="bottom" width="134">$34.55</td> <td align="center" valign="bottom" width="122">$34.12</td></tr>
<tr> <td align="center" valign="bottom" width="133">GOOG</td> <td align="center" width="94">AMC</td> <td align="center" valign="bottom" width="132">$972.92</td> <td align="center" valign="bottom" width="142">1,659,910</td> <td align="center" valign="bottom" width="132">1.93%</td> <td align="center" valign="bottom" width="134">$948.23</td> <td align="center" valign="bottom" width="122">$935.35</td></tr>
<tr> <td align="center" valign="bottom" width="133">GOOGL</td> <td align="center" width="94">AMC</td> <td align="center" valign="bottom" width="132">$993.84</td> <td align="center" valign="bottom" width="142">1,783,040</td> <td align="center" valign="bottom" width="132">2.17%</td> <td align="center" valign="bottom" width="134">$970.66</td> <td align="center" valign="bottom" width="122">$956.00</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<b><u>Tuesday July 25:</u></b> <br />
<b><u></u></b> <br />
Economic: Redbook – 8:55, FHFA House Price Index - 9:00, S&P Case-Shiller HPI – 9:00, Consumer Confidence – 10:00, Richmond Fed Manufacturing Index – 10:00, State Street Investor Confidence Index - 10:00.<br />
<br />
<strong></strong> <br />
International: Great Britain CBI Industrial Trends Survey – 6:00AM.<br />
<br />
Other: <strong>FOMC meeting begins.<u></u></strong> <br />
<strong><br /></strong>
<strong></strong> <br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 895px;"> <tbody>
<tr> <td align="center" valign="bottom" width="131"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="89"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="126"><b><u>7/21 CLOSE</u></b></td> <td align="center" valign="bottom" width="141"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="136"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="135"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="131">CAT</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$106.59</td> <td align="center" valign="bottom" width="141">4,771,650</td> <td align="center" valign="bottom" width="129">3.92%</td> <td align="center" valign="bottom" width="136">$108.03</td> <td align="center" valign="bottom" width="135">$106.15</td></tr>
<tr> <td align="center" valign="bottom" width="131">CIT</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$48.99</td> <td align="center" valign="bottom" width="141">3,316,170</td> <td align="center" valign="bottom" width="129">1.44%</td> <td align="center" valign="bottom" width="136">$49.11</td> <td align="center" valign="bottom" width="135">$48.23</td></tr>
<tr> <td align="center" valign="bottom" width="131">CNC</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$84.73</td> <td align="center" valign="bottom" width="141">1,725,210</td> <td align="center" valign="bottom" width="129">4.86%</td> <td align="center" valign="bottom" width="136">$83.03</td> <td align="center" valign="bottom" width="135">$81.92</td></tr>
<tr> <td align="center" valign="bottom" width="131">DD</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$84.54</td> <td align="center" valign="bottom" width="141">2,359,710</td> <td align="center" valign="bottom" width="129">2.21%</td> <td align="center" valign="bottom" width="136">$83.94</td> <td align="center" valign="bottom" width="135">$82.81</td></tr>
<tr> <td align="center" valign="bottom" width="131">EDU</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$79.11</td> <td align="center" valign="bottom" width="141">1,388,230</td> <td align="center" valign="bottom" width="129">4.76%</td> <td align="center" valign="bottom" width="136">$78.34</td> <td align="center" valign="bottom" width="135">$76.27</td></tr>
<tr> <td align="center" valign="bottom" width="131">GM</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$36.07</td> <td align="center" valign="bottom" width="141">12,536,600</td> <td align="center" valign="bottom" width="129">2.71%</td> <td align="center" valign="bottom" width="136">$35.89</td> <td align="center" valign="bottom" width="135">$35.24</td></tr>
<tr> <td align="center" valign="bottom" width="131">HCA</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$85.73</td> <td align="center" valign="bottom" width="141">1,766,250</td> <td align="center" valign="bottom" width="129">0.72%</td> <td align="center" valign="bottom" width="136">$86.14</td> <td align="center" valign="bottom" width="135">$85.48</td></tr>
<tr> <td align="center" valign="bottom" width="131">KMB</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$125.28</td> <td align="center" valign="bottom" width="141">1,608,170</td> <td align="center" valign="bottom" width="129">2.67%</td> <td align="center" valign="bottom" width="136">$124.97</td> <td align="center" valign="bottom" width="135">$128.83</td></tr>
<tr> <td align="center" valign="bottom" width="131">LLY</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$84.66</td> <td align="center" valign="bottom" width="141">3,561,720</td> <td align="center" valign="bottom" width="129">1.53%</td> <td align="center" valign="bottom" width="136">$83.51</td> <td align="center" valign="bottom" width="135">$82.94</td></tr>
<tr> <td align="center" valign="bottom" width="131">MCD</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$153.92</td> <td align="center" valign="bottom" width="141">3,415,690</td> <td align="center" valign="bottom" width="129">3.44%</td> <td align="center" valign="bottom" width="136">$155.09</td> <td align="center" valign="bottom" width="135">$153.20</td></tr>
<tr> <td align="center" valign="bottom" width="131">MMM</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$211.16</td> <td align="center" valign="bottom" width="141">1,792,600</td> <td align="center" valign="bottom" width="129">1.47%</td> <td align="center" valign="bottom" width="136">$211.14</td> <td align="center" valign="bottom" width="135">$210.82</td></tr>
<tr> <td align="center" valign="bottom" width="131">NEM</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$34.39</td> <td align="center" valign="bottom" width="141">5,328,620</td> <td align="center" valign="bottom" width="129">3.30%</td> <td align="center" valign="bottom" width="136">$33.21</td> <td align="center" valign="bottom" width="135">$33.27</td></tr>
<tr> <td align="center" valign="bottom" width="131">PCAR</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$68.87</td> <td align="center" valign="bottom" width="141">1,887,270</td> <td align="center" valign="bottom" width="129">2.61%</td> <td align="center" valign="bottom" width="136">$68.38</td> <td align="center" valign="bottom" width="135">$65.94</td></tr>
<tr> <td align="center" valign="bottom" width="131">ST</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$44.37</td> <td align="center" valign="bottom" width="141">1,595,170</td> <td align="center" valign="bottom" width="129">2.46%</td> <td align="center" valign="bottom" width="136">$44.67</td> <td align="center" valign="bottom" width="135">$43.09</td></tr>
<tr> <td align="center" valign="bottom" width="131">STX</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$39.58</td> <td align="center" valign="bottom" width="141">5,015,000</td> <td align="center" valign="bottom" width="129">9.78%</td> <td align="center" valign="bottom" width="136">$38.94</td> <td align="center" valign="bottom" width="135">$40.10</td></tr>
<tr> <td align="center" valign="bottom" width="131">TROW</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="126">$80.83</td> <td align="center" valign="bottom" width="141">1,716,570</td> <td align="center" valign="bottom" width="129">4.37%</td> <td align="center" valign="bottom" width="136">$78.55</td> <td align="center" valign="bottom" width="135">$76.67</td></tr>
<tr> <td align="center" valign="bottom" width="131">AKAM</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$52.13</td> <td align="center" valign="bottom" width="141">2,541,800</td> <td align="center" valign="bottom" width="129">13.45%</td> <td align="center" valign="bottom" width="136">$50.77</td> <td align="center" valign="bottom" width="135">$50.53</td></tr>
<tr> <td align="center" valign="bottom" width="131">AMGN</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$180.21</td> <td align="center" valign="bottom" width="141">3,399,800</td> <td align="center" valign="bottom" width="129">4.01%</td> <td align="center" valign="bottom" width="136">$175.58</td> <td align="center" valign="bottom" width="135">$170.93</td></tr>
<tr> <td align="center" valign="bottom" width="131">AMP</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$136.34</td> <td align="center" valign="bottom" width="141">1,061,190</td> <td align="center" valign="bottom" width="129">3.34%</td> <td align="center" valign="bottom" width="136">$133.00</td> <td align="center" valign="bottom" width="135">$131.22</td></tr>
<tr> <td align="center" valign="bottom" width="131">APC</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$44.06</td> <td align="center" valign="bottom" width="141">5,714,180</td> <td align="center" valign="bottom" width="129">2.98%</td> <td align="center" valign="bottom" width="136">$44.13</td> <td align="center" valign="bottom" width="135">$45.52</td></tr>
<tr> <td align="center" valign="bottom" width="131">CB</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$147.00</td> <td align="center" valign="bottom" width="141">1,325,750</td> <td align="center" valign="bottom" width="129">2.03%</td> <td align="center" valign="bottom" width="136">$145.51</td> <td align="center" valign="bottom" width="135">$146.09</td></tr>
<tr> <td align="center" valign="bottom" width="131">CMG</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$345.34</td> <td align="center" valign="bottom" width="141">1,133,500</td> <td align="center" valign="bottom" width="129">5.50%</td> <td align="center" valign="bottom" width="136">$390.62</td> <td align="center" valign="bottom" width="135">$411.86</td></tr>
<tr> <td align="center" valign="bottom" width="131">CNI</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$81.98</td> <td align="center" valign="bottom" width="141">1,038,510</td> <td align="center" valign="bottom" width="129">2.28%</td> <td align="center" valign="bottom" width="136">$82.99</td> <td align="center" valign="bottom" width="135">$81.23</td></tr>
<tr> <td align="center" valign="bottom" width="131">EQR</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$67.16</td> <td align="center" valign="bottom" width="141">1,653,830</td> <td align="center" valign="bottom" width="129">2.19%</td> <td align="center" valign="bottom" width="136">$65.62</td> <td align="center" valign="bottom" width="135">$66.41</td></tr>
<tr> <td align="center" valign="bottom" width="131">T</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$36.51</td> <td align="center" valign="bottom" width="141">21,691,200</td> <td align="center" valign="bottom" width="129">1.30%</td> <td align="center" valign="bottom" width="136">$36.48</td> <td align="center" valign="bottom" width="135">$37.41</td></tr>
<tr> <td align="center" valign="bottom" width="131">TSS</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$61.57</td> <td align="center" valign="bottom" width="141">1,204,260</td> <td align="center" valign="bottom" width="129">6.15%</td> <td align="center" valign="bottom" width="136">$60.36</td> <td align="center" valign="bottom" width="135">$59.72</td></tr>
<tr> <td align="center" valign="bottom" width="131">TXN</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$81.70</td> <td align="center" valign="bottom" width="141">4,579,520</td> <td align="center" valign="bottom" width="129">3.16%</td> <td align="center" valign="bottom" width="136">$80.80</td> <td align="center" valign="bottom" width="135">$79.36</td></tr>
<tr> <td align="center" valign="bottom" width="131">UTX</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$123.49</td> <td align="center" valign="bottom" width="141">2,686,420</td> <td align="center" valign="bottom" width="129">1.66%</td> <td align="center" valign="bottom" width="136">$123.07</td> <td align="center" valign="bottom" width="135">$122.19</td></tr>
<tr> <td align="center" valign="bottom" width="131">ZION</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="126">$43.54</td> <td align="center" valign="bottom" width="141">2,992,310</td> <td align="center" valign="bottom" width="129">2.59%</td> <td align="center" valign="bottom" width="137">$44.51</td> <td align="center" valign="bottom" width="135">$43.49</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Wednesday</u></strong><b><u> July 26:<strong></strong></u></b> <br />
<strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, New Home Sales – 10:00, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Great Britain GDP – 4:30AM, China Industrial Profits – 9:30PM.<br />
<br />
Other: <b>FOMC Meeting Announcement</b><br />
<br />
Earnings:<br />
<strong></strong> <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 897px;"> <tbody>
<tr> <td align="center" valign="bottom" width="125"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="88"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="142"><b><u>7/21 CLOSE</u></b></td> <td align="center" valign="bottom" width="131"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="135"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="139"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="125">ALK</td> <td align="center" valign="bottom" width="88">BMO<b><u></u></b></td> <td align="center" valign="bottom" width="142">$88.25 <b><u></u></b></td> <td align="center" valign="bottom" width="131">1,270,550<b><u></u></b></td> <td align="center" valign="bottom" width="129">2.79%<b><u></u></b></td> <td align="center" valign="bottom" width="135">$92.16 <b><u></u></b></td> <td align="center" valign="bottom" width="139">$91.42 <b><u></u></b></td></tr>
<tr> <td align="center" valign="bottom" width="125">ANTM</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$190.65</td> <td align="center" valign="bottom" width="131">1,512,260</td> <td align="center" valign="bottom" width="129">3.88%</td> <td align="center" valign="bottom" width="135">$191.70</td> <td align="center" valign="bottom" width="139">$190.72</td></tr>
<tr> <td align="center" valign="bottom" width="125">APH</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$75.57</td> <td align="center" valign="bottom" width="131">1,092,190</td> <td align="center" valign="bottom" width="129">1.63%</td> <td align="center" valign="bottom" width="135">$74.55</td> <td align="center" valign="bottom" width="139">$74.41</td></tr>
<tr> <td align="center" valign="bottom" width="125">BAX</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$62.67</td> <td align="center" valign="bottom" width="131">2,925,960</td> <td align="center" valign="bottom" width="129">2.62%</td> <td align="center" valign="bottom" width="135">$61.64</td> <td align="center" valign="bottom" width="139">$60.20</td></tr>
<tr> <td align="center" valign="bottom" width="125">CCE</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$42.07</td> <td align="center" valign="bottom" width="131">1,224,800</td> <td align="center" valign="bottom" width="129">3.12%</td> <td align="center" valign="bottom" width="135">$41.68</td> <td align="center" valign="bottom" width="139">$41.37</td></tr>
<tr> <td align="center" valign="bottom" width="125">DHI</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$36.61</td> <td align="center" valign="bottom" width="131">3,838,030</td> <td align="center" valign="bottom" width="129">3.72%</td> <td align="center" valign="bottom" width="135">$36.58</td> <td align="center" valign="bottom" width="139">$35.35</td></tr>
<tr> <td align="center" valign="bottom" width="125">DISH</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$64.72</td> <td align="center" valign="bottom" width="131">2,279,100</td> <td align="center" valign="bottom" width="129">2.13%</td> <td align="center" valign="bottom" width="135">$65.04</td> <td align="center" valign="bottom" width="139">$64.27</td></tr>
<tr> <td align="center" valign="bottom" width="125">FLIR</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$38.12</td> <td align="center" valign="bottom" width="131">1,051,960</td> <td align="center" valign="bottom" width="129">4.79%</td> <td align="center" valign="bottom" width="135">$37.27</td> <td align="center" valign="bottom" width="139">$36.27</td></tr>
<tr> <td align="center" valign="bottom" width="125">GD</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$204.55</td> <td align="center" valign="bottom" width="131">1,061,530</td> <td align="center" valign="bottom" width="129">2.59%</td> <td align="center" valign="bottom" width="135">$201.09</td> <td align="center" valign="bottom" width="139">$200.65</td></tr>
<tr> <td align="center" valign="bottom" width="125">GLW</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$31.85</td> <td align="center" valign="bottom" width="131">6,144,690</td> <td align="center" valign="bottom" width="129">3.56%</td> <td align="center" valign="bottom" width="135">$31.01</td> <td align="center" valign="bottom" width="139">$30.34</td></tr>
<tr> <td align="center" valign="bottom" width="125">GSK</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$42.66</td> <td align="center" valign="bottom" width="131">2,783,810</td> <td align="center" valign="bottom" width="129">1.21%</td> <td align="center" valign="bottom" width="135">$42.41</td> <td align="center" valign="bottom" width="139">$43.12</td></tr>
<tr> <td align="center" valign="bottom" width="125">HES</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$43.46</td> <td align="center" valign="bottom" width="131">4,250,150</td> <td align="center" valign="bottom" width="129">2.18%</td> <td align="center" valign="bottom" width="135">$43.37</td> <td align="center" valign="bottom" width="139">$43.00</td></tr>
<tr> <td align="center" valign="bottom" width="125">HLT</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$62.47</td> <td align="center" valign="bottom" width="131">3,596,160</td> <td align="center" valign="bottom" width="129">2.51%</td> <td align="center" valign="bottom" width="135">$62.21</td> <td align="center" valign="bottom" width="139">$63.97</td></tr>
<tr> <td align="center" valign="bottom" width="125">HSY</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$106.39</td> <td align="center" valign="bottom" width="131">1,044,150</td> <td align="center" valign="bottom" width="129">3.08%</td> <td align="center" valign="bottom" width="135">$105.46</td> <td align="center" valign="bottom" width="139">$109.56</td></tr>
<tr> <td align="center" valign="bottom" width="125">IR</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$91.67</td> <td align="center" valign="bottom" width="131">1,575,620</td> <td align="center" valign="bottom" width="129">2.90%</td> <td align="center" valign="bottom" width="135">$92.00</td> <td align="center" valign="bottom" width="139">$91.16</td></tr>
<tr> <td align="center" valign="bottom" width="125">KO</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$45.03</td> <td align="center" valign="bottom" width="131">10,869,400</td> <td align="center" valign="bottom" width="129">1.43%</td> <td align="center" valign="bottom" width="135">$44.58</td> <td align="center" valign="bottom" width="139">$45.01</td></tr>
<tr> <td align="center" valign="bottom" width="125">MBLY</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$63.30</td> <td align="center" valign="bottom" width="131">2,919,660</td> <td align="center" valign="bottom" width="129">2.79%</td> <td align="center" valign="bottom" width="135">$63.17</td> <td align="center" valign="bottom" width="139">$62.96</td></tr>
<tr> <td align="center" valign="bottom" width="125">MDCO</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$39.47</td> <td align="center" valign="bottom" width="131">1,236,820</td> <td align="center" valign="bottom" width="129">2.93%</td> <td align="center" valign="bottom" width="135">$38.22</td> <td align="center" valign="bottom" width="139">$38.49</td></tr>
<tr> <td align="center" valign="bottom" width="125">NEE</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$144.37</td> <td align="center" valign="bottom" width="131">1,829,360</td> <td align="center" valign="bottom" width="129">1.65%</td> <td align="center" valign="bottom" width="135">$141.30</td> <td align="center" valign="bottom" width="139">$141.44</td></tr>
<tr> <td align="center" valign="bottom" width="125">NSC</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$117.85</td> <td align="center" valign="bottom" width="131">1,631,990</td> <td align="center" valign="bottom" width="129">2.63%</td> <td align="center" valign="bottom" width="135">$122.37</td> <td align="center" valign="bottom" width="139">$120.27</td></tr>
<tr> <td align="center" valign="bottom" width="125">SIX</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$55.87</td> <td align="center" valign="bottom" width="131">1,037,610</td> <td align="center" valign="bottom" width="129">4.64%</td> <td align="center" valign="bottom" width="135">$58.07</td> <td align="center" valign="bottom" width="139">$58.69</td></tr>
<tr> <td align="center" valign="bottom" width="125">STT</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$90.99</td> <td align="center" valign="bottom" width="131">1,820,600</td> <td align="center" valign="bottom" width="129">4.32%</td> <td align="center" valign="bottom" width="135">$91.36</td> <td align="center" valign="bottom" width="139">$89.82</td></tr>
<tr> <td align="center" valign="bottom" width="125">SU</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$30.64</td> <td align="center" valign="bottom" width="131">3,167,660</td> <td align="center" valign="bottom" width="129">1.99%</td> <td align="center" valign="bottom" width="135">$29.48</td> <td align="center" valign="bottom" width="139">$29.45</td></tr>
<tr> <td align="center" valign="bottom" width="125">TEL</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$82.03</td> <td align="center" valign="bottom" width="131">1,464,690</td> <td align="center" valign="bottom" width="129">2.66%</td> <td align="center" valign="bottom" width="135">$81.07</td> <td align="center" valign="bottom" width="139">$80.43</td></tr>
<tr> <td align="center" valign="bottom" width="125">TMO</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$182.18</td> <td align="center" valign="bottom" width="131">1,429,190</td> <td align="center" valign="bottom" width="129">3.24%</td> <td align="center" valign="bottom" width="135">$179.68</td> <td align="center" valign="bottom" width="139">$177.45</td></tr>
<tr> <td align="center" valign="bottom" width="125">WEC</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$63.37</td> <td align="center" valign="bottom" width="131">1,541,930</td> <td align="center" valign="bottom" width="129">1.46%</td> <td align="center" valign="bottom" width="135">$61.52</td> <td align="center" valign="bottom" width="139">$62.42</td></tr>
<tr> <td align="center" valign="bottom" width="125">WM</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="142">$75.37</td> <td align="center" valign="bottom" width="131">1,618,650</td> <td align="center" valign="bottom" width="129">1.66%</td> <td align="center" valign="bottom" width="135">$74.34</td> <td align="center" valign="bottom" width="139">$73.93</td></tr>
<tr> <td align="center" valign="bottom" width="125">AEM</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$46.05</td> <td align="center" valign="bottom" width="131">1,607,100</td> <td align="center" valign="bottom" width="129">4.72%</td> <td align="center" valign="bottom" width="135">$44.63</td> <td align="center" valign="bottom" width="139">$46.69</td></tr>
<tr> <td align="center" valign="bottom" width="125">BA</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$212.14</td> <td align="center" valign="bottom" width="131">2,901,710</td> <td align="center" valign="bottom" width="129">2.68%</td> <td align="center" valign="bottom" width="135">$207.22</td> <td align="center" valign="bottom" width="139">$201.03</td></tr>
<tr> <td align="center" valign="bottom" width="125">DFS</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$62.53</td> <td align="center" valign="bottom" width="131">3,352,270</td> <td align="center" valign="bottom" width="129">1.62%</td> <td align="center" valign="bottom" width="135">$61.17</td> <td align="center" valign="bottom" width="139">$61.35</td></tr>
<tr> <td align="center" valign="bottom" width="125">ESRX</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$62.50</td> <td align="center" valign="bottom" width="131">4,727,460</td> <td align="center" valign="bottom" width="129">3.21%</td> <td align="center" valign="bottom" width="135">$62.19</td> <td align="center" valign="bottom" width="139">$63.81</td></tr>
<tr> <td align="center" valign="bottom" width="125">EW</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$118.01</td> <td align="center" valign="bottom" width="131">1,335,020</td> <td align="center" valign="bottom" width="129">10.41%</td> <td align="center" valign="bottom" width="135">$117.57</td> <td align="center" valign="bottom" width="139">$117.17</td></tr>
<tr> <td align="center" valign="bottom" width="125">FB</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$164.43</td> <td align="center" valign="bottom" width="131">17,974,900</td> <td align="center" valign="bottom" width="129">2.34%</td> <td align="center" valign="bottom" width="135">$158.96</td> <td align="center" valign="bottom" width="139">$156.03</td></tr>
<tr> <td align="center" valign="bottom" width="125">FTNT</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$40.37</td> <td align="center" valign="bottom" width="131">1,720,960</td> <td align="center" valign="bottom" width="129">7.52%</td> <td align="center" valign="bottom" width="135">$39.80</td> <td align="center" valign="bottom" width="139">$39.30</td></tr>
<tr> <td align="center" valign="bottom" width="125">GILD</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$73.76</td> <td align="center" valign="bottom" width="131">8,625,040</td> <td align="center" valign="bottom" width="129">5.29%</td> <td align="center" valign="bottom" width="135">$70.78</td> <td align="center" valign="bottom" width="139">$68.75</td></tr>
<tr> <td align="center" valign="bottom" width="125">KNX</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$35.40</td> <td align="center" valign="bottom" width="131">1,542,540</td> <td align="center" valign="bottom" width="129">2.64%</td> <td align="center" valign="bottom" width="135">$35.75</td> <td align="center" valign="bottom" width="139">$36.31</td></tr>
<tr> <td align="center" valign="bottom" width="125">LRCX</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$163.53</td> <td align="center" valign="bottom" width="131">2,343,130</td> <td align="center" valign="bottom" width="129">3.26%</td> <td align="center" valign="bottom" width="135">$156.49</td> <td align="center" valign="bottom" width="139">$152.18</td></tr>
<tr> <td align="center" valign="bottom" width="125">LVS</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$62.36</td> <td align="center" valign="bottom" width="131">3,406,950</td> <td align="center" valign="bottom" width="129">4.39%</td> <td align="center" valign="bottom" width="135">$61.90</td> <td align="center" valign="bottom" width="139">$62.96</td></tr>
<tr> <td align="center" valign="bottom" width="125">NOW</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$108.19</td> <td align="center" valign="bottom" width="131">2,076,500</td> <td align="center" valign="bottom" width="129">4.92%</td> <td align="center" valign="bottom" width="135">$109.83</td> <td align="center" valign="bottom" width="139">$106.01</td></tr>
<tr> <td align="center" valign="bottom" width="125">O</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$57.31</td> <td align="center" valign="bottom" width="131">1,813,190</td> <td align="center" valign="bottom" width="129">2.24%</td> <td align="center" valign="bottom" width="135">$55.58</td> <td align="center" valign="bottom" width="139">$55.58</td></tr>
<tr> <td align="center" valign="bottom" width="125">ORLY</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$188.19</td> <td align="center" valign="bottom" width="131">1,909,590</td> <td align="center" valign="bottom" width="129">4.82%</td> <td align="center" valign="bottom" width="135">$181.47</td> <td align="center" valign="bottom" width="139">$202.24</td></tr>
<tr> <td align="center" valign="bottom" width="125">PYPL</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$58.67</td> <td align="center" valign="bottom" width="131">8,925,340</td> <td align="center" valign="bottom" width="129">6.49%</td> <td align="center" valign="bottom" width="135">$56.93</td> <td align="center" valign="bottom" width="139">$55.10</td></tr>
<tr> <td align="center" valign="bottom" width="125">SCI</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$34.10</td> <td align="center" valign="bottom" width="131">1,013,020</td> <td align="center" valign="bottom" width="129">3.33%</td> <td align="center" valign="bottom" width="135">$33.93</td> <td align="center" valign="bottom" width="139">$33.16</td></tr>
<tr> <td align="center" valign="bottom" width="125">TER</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$35.13</td> <td align="center" valign="bottom" width="131">2,841,120</td> <td align="center" valign="bottom" width="129">3.98%</td> <td align="center" valign="bottom" width="135">$33.53</td> <td align="center" valign="bottom" width="139">$32.57</td></tr>
<tr> <td align="center" valign="bottom" width="125">TSCO</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$52.61</td> <td align="center" valign="bottom" width="131">2,440,320</td> <td align="center" valign="bottom" width="129">3.45%</td> <td align="center" valign="bottom" width="135">$51.16</td> <td align="center" valign="bottom" width="139">$53.81</td></tr>
<tr> <td align="center" valign="bottom" width="125">UDR</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$39.37</td> <td align="center" valign="bottom" width="131">1,345,170</td> <td align="center" valign="bottom" width="129">1.87%</td> <td align="center" valign="bottom" width="135">$38.32</td> <td align="center" valign="bottom" width="139">$39.03</td></tr>
<tr> <td align="center" valign="bottom" width="125">VRTX</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$163.17</td> <td align="center" valign="bottom" width="131">2,063,260</td> <td align="center" valign="bottom" width="129">0.27%</td> <td align="center" valign="bottom" width="135">$136.49</td> <td align="center" valign="bottom" width="139">$144.07</td></tr>
<tr> <td align="center" valign="bottom" width="125">WFM</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$41.71</td> <td align="center" valign="bottom" width="131">8,204,550</td> <td align="center" valign="bottom" width="129">3.72%</td> <td align="center" valign="bottom" width="135">$41.90</td> <td align="center" valign="bottom" width="139">$38.40</td></tr>
<tr> <td align="center" valign="bottom" width="125">XL</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$46.41</td> <td align="center" valign="bottom" width="131">1,475,140</td> <td align="center" valign="bottom" width="129">2.92%</td> <td align="center" valign="bottom" width="135">$45.36</td> <td align="center" valign="bottom" width="139">$44.39</td></tr>
<tr> <td align="center" valign="bottom" width="125">XLNX</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="142">$64.88</td> <td align="center" valign="bottom" width="131">3,381,610</td> <td align="center" valign="bottom" width="129">3.62%</td> <td align="center" valign="bottom" width="135">$66.53</td> <td align="center" valign="bottom" width="139">$65.96</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong><u>Thursday </u></strong><b><u>July 27:</u></b> <br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Durable Goods Orders – 8:30, International Trade in Goods – 8:30, Chicago Fed National Activity Index – 8:30, Bloomberg Consumer Comfort Index – 9:45, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00, Money Supply – 4:30.<br />
<br />
International Economic: Japan CPI, Household Spending, Unemployment Rate, and Retail Sales – 7:30PM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 901px;"> <tbody>
<tr> <td align="center" valign="bottom" width="135"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="95"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="141"><b><u>7/21 CLOSE</u></b></td> <td align="center" valign="bottom" width="139"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="123"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="133"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="127"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="135">ADP</td> <td align="center" valign="bottom" width="95">BMO<b><u></u></b></td> <td align="center" valign="bottom" width="141">$104.58 <b><u></u></b></td> <td align="center" valign="bottom" width="139">2,802,580<b><u></u></b></td> <td align="center" valign="bottom" width="123">4.70%<b><u></u></b></td> <td align="center" valign="bottom" width="133">$102.52 <b><u></u></b></td> <td align="center" valign="bottom" width="127">$102.96 <b><u></u></b></td></tr>
<tr> <td align="center" valign="bottom" width="135">AEP</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$69.98</td> <td align="center" valign="bottom" width="139">2,524,550</td> <td align="center" valign="bottom" width="123">0.77%</td> <td align="center" valign="bottom" width="133">$68.66</td> <td align="center" valign="bottom" width="127">$70.54</td></tr>
<tr> <td align="center" valign="bottom" width="135">AIV</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$44.23</td> <td align="center" valign="bottom" width="139">1,280,670</td> <td align="center" valign="bottom" width="123">1.88%</td> <td align="center" valign="bottom" width="133">$43.13</td> <td align="center" valign="bottom" width="127">$43.44</td></tr>
<tr> <td align="center" valign="bottom" width="135">ALXN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$131.79</td> <td align="center" valign="bottom" width="139">3,164,670</td> <td align="center" valign="bottom" width="123">3.70%</td> <td align="center" valign="bottom" width="133">$125.94</td> <td align="center" valign="bottom" width="127">$121.58</td></tr>
<tr> <td align="center" valign="bottom" width="135">AMT</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$136.90</td> <td align="center" valign="bottom" width="139">1,860,470</td> <td align="center" valign="bottom" width="123">0.96%</td> <td align="center" valign="bottom" width="133">$0.00</td> <td align="center" valign="bottom" width="127">$0.00</td></tr>
<tr> <td align="center" valign="bottom" width="135">AZN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$34.05</td> <td align="center" valign="bottom" width="139">4,383,660</td> <td align="center" valign="bottom" width="123">3.94%</td> <td align="center" valign="bottom" width="133">$33.42</td> <td align="center" valign="bottom" width="127">$33.93</td></tr>
<tr> <td align="center" valign="bottom" width="135">BMY</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$55.65</td> <td align="center" valign="bottom" width="139">7,627,490</td> <td align="center" valign="bottom" width="123">4.20%</td> <td align="center" valign="bottom" width="133">$55.21</td> <td align="center" valign="bottom" width="127">$55.76</td></tr>
<tr> <td align="center" valign="bottom" width="135">BUD</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$114.74</td> <td align="center" valign="bottom" width="139">1,522,750</td> <td align="center" valign="bottom" width="123">3.99%</td> <td align="center" valign="bottom" width="133">$113.25</td> <td align="center" valign="bottom" width="127">$112.78</td></tr>
<tr> <td align="center" valign="bottom" width="135">BWA</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$44.92</td> <td align="center" valign="bottom" width="139">1,933,260</td> <td align="center" valign="bottom" width="123">2.06%</td> <td align="center" valign="bottom" width="133">$45.82</td> <td align="center" valign="bottom" width="127">$43.50</td></tr>
<tr> <td align="center" valign="bottom" width="135">CBG</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$37.90</td> <td align="center" valign="bottom" width="139">1,884,040</td> <td align="center" valign="bottom" width="123">4.11%</td> <td align="center" valign="bottom" width="133">$37.08</td> <td align="center" valign="bottom" width="127">$36.36</td></tr>
<tr> <td align="center" valign="bottom" width="135">CELG</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$137.74</td> <td align="center" valign="bottom" width="139">3,952,220</td> <td align="center" valign="bottom" width="123">3.11%</td> <td align="center" valign="bottom" width="133">$133.98</td> <td align="center" valign="bottom" width="127">$128.28</td></tr>
<tr> <td align="center" valign="bottom" width="135">CHTR</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$350.07</td> <td align="center" valign="bottom" width="139">1,536,990</td> <td align="center" valign="bottom" width="123">3.06%</td> <td align="center" valign="bottom" width="133">$341.02</td> <td align="center" valign="bottom" width="127">$338.03</td></tr>
<tr> <td align="center" valign="bottom" width="135">CL</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$73.27</td> <td align="center" valign="bottom" width="139">3,406,640</td> <td align="center" valign="bottom" width="123">2.37%</td> <td align="center" valign="bottom" width="133">$72.55</td> <td align="center" valign="bottom" width="127">$74.51</td></tr>
<tr> <td align="center" valign="bottom" width="135">CMCSA</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$39.63</td> <td align="center" valign="bottom" width="139">18,195,800</td> <td align="center" valign="bottom" width="123">2.24%</td> <td align="center" valign="bottom" width="133">$39.08</td> <td align="center" valign="bottom" width="127">$40.03</td></tr>
<tr> <td align="center" valign="bottom" width="135">COP</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$42.65</td> <td align="center" valign="bottom" width="139">8,004,360</td> <td align="center" valign="bottom" width="123">1.94%</td> <td align="center" valign="bottom" width="133">$43.27</td> <td align="center" valign="bottom" width="127">$44.61</td></tr>
<tr> <td align="center" valign="bottom" width="135">DFT</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$60.69</td> <td align="center" valign="bottom" width="139">1,157,510</td> <td align="center" valign="bottom" width="123">3.54%</td> <td align="center" valign="bottom" width="133">$60.30</td> <td align="center" valign="bottom" width="127">$62.50</td></tr>
<tr> <td align="center" valign="bottom" width="135">DNKN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$53.62</td> <td align="center" valign="bottom" width="139">1,207,260</td> <td align="center" valign="bottom" width="123">2.20%</td> <td align="center" valign="bottom" width="133">$54.01</td> <td align="center" valign="bottom" width="127">$54.80</td></tr>
<tr> <td align="center" valign="bottom" width="135">DOW</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$66.14</td> <td align="center" valign="bottom" width="139">5,404,360</td> <td align="center" valign="bottom" width="123">1.33%</td> <td align="center" valign="bottom" width="133">$65.61</td> <td align="center" valign="bottom" width="127">$64.69</td></tr>
<tr> <td align="center" valign="bottom" width="135">DPS</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$91.38</td> <td align="center" valign="bottom" width="139">1,323,970</td> <td align="center" valign="bottom" width="123">1.53%</td> <td align="center" valign="bottom" width="133">$90.02</td> <td align="center" valign="bottom" width="127">$92.70</td></tr>
<tr> <td align="center" valign="bottom" width="135">EQT</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$62.94</td> <td align="center" valign="bottom" width="139">3,757,840</td> <td align="center" valign="bottom" width="123">3.98%</td> <td align="center" valign="bottom" width="133">$61.23</td> <td align="center" valign="bottom" width="127">$56.48</td></tr>
<tr> <td align="center" valign="bottom" width="135">EXAS</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$39.17</td> <td align="center" valign="bottom" width="139">3,411,730</td> <td align="center" valign="bottom" width="123">20.96%</td> <td align="center" valign="bottom" width="133">$38.35</td> <td align="center" valign="bottom" width="127">$35.62</td></tr>
<tr> <td align="center" valign="bottom" width="135">GLPI</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$37.66</td> <td align="center" valign="bottom" width="139">1,250,050</td> <td align="center" valign="bottom" width="123">0.72%</td> <td align="center" valign="bottom" width="133">$37.23</td> <td align="center" valign="bottom" width="127">$37.34</td></tr>
<tr> <td align="center" valign="bottom" width="135">GRUB</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$45.25</td> <td align="center" valign="bottom" width="139">2,288,280</td> <td align="center" valign="bottom" width="123">15.71%</td> <td align="center" valign="bottom" width="133">$44.99</td> <td align="center" valign="bottom" width="127">$44.88</td></tr>
<tr> <td align="center" valign="bottom" width="135">GT</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$35.40</td> <td align="center" valign="bottom" width="139">2,576,500</td> <td align="center" valign="bottom" width="123">3.93%</td> <td align="center" valign="bottom" width="133">$35.91</td> <td align="center" valign="bottom" width="127">$34.81</td></tr>
<tr> <td align="center" valign="bottom" width="135">HP</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$54.13</td> <td align="center" valign="bottom" width="139">2,182,270</td> <td align="center" valign="bottom" width="123">4.44%</td> <td align="center" valign="bottom" width="133">$54.95</td> <td align="center" valign="bottom" width="127">$54.60</td></tr>
<tr> <td align="center" valign="bottom" width="135">IP</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$56.64</td> <td align="center" valign="bottom" width="139">2,238,350</td> <td align="center" valign="bottom" width="123">2.41%</td> <td align="center" valign="bottom" width="133">$57.44</td> <td align="center" valign="bottom" width="127">$57.18</td></tr>
<tr> <td align="center" valign="bottom" width="135">IVZ</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$36.05</td> <td align="center" valign="bottom" width="139">2,594,000</td> <td align="center" valign="bottom" width="123">2.17%</td> <td align="center" valign="bottom" width="133">$36.07</td> <td align="center" valign="bottom" width="127">$35.38</td></tr>
<tr> <td align="center" valign="bottom" width="135">JCI</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$44.19</td> <td align="center" valign="bottom" width="139">4,619,460</td> <td align="center" valign="bottom" width="123">3.46%</td> <td align="center" valign="bottom" width="133">$43.68</td> <td align="center" valign="bottom" width="127">$42.76</td></tr>
<tr> <td align="center" valign="bottom" width="135">LKQ</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$33.50</td> <td align="center" valign="bottom" width="139">1,836,850</td> <td align="center" valign="bottom" width="123">3.39%</td> <td align="center" valign="bottom" width="133">$32.52</td> <td align="center" valign="bottom" width="127">$32.41</td></tr>
<tr> <td align="center" valign="bottom" width="135">LUV</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$60.28</td> <td align="center" valign="bottom" width="139">4,566,250</td> <td align="center" valign="bottom" width="123">7.68%</td> <td align="center" valign="bottom" width="133">$62.07</td> <td align="center" valign="bottom" width="127">$61.69</td></tr>
<tr> <td align="center" valign="bottom" width="135">MA</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$129.27</td> <td align="center" valign="bottom" width="139">3,230,240</td> <td align="center" valign="bottom" width="123">2.45%</td> <td align="center" valign="bottom" width="133">$125.86</td> <td align="center" valign="bottom" width="127">$124.36</td></tr>
<tr> <td align="center" valign="bottom" width="135">MAS</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$38.30</td> <td align="center" valign="bottom" width="139">2,586,340</td> <td align="center" valign="bottom" width="123">5.42%</td> <td align="center" valign="bottom" width="133">$38.70</td> <td align="center" valign="bottom" width="127">$38.48</td></tr>
<tr> <td align="center" valign="bottom" width="135">MCK</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$165.92</td> <td align="center" valign="bottom" width="139">1,683,020</td> <td align="center" valign="bottom" width="123">10.22%</td> <td align="center" valign="bottom" width="133">$165.82</td> <td align="center" valign="bottom" width="127">$164.10</td></tr>
<tr> <td align="center" valign="bottom" width="135">MGM</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$34.03</td> <td align="center" valign="bottom" width="139">7,448,320</td> <td align="center" valign="bottom" width="123">4.35%</td> <td align="center" valign="bottom" width="133">$31.99</td> <td align="center" valign="bottom" width="127">$32.27</td></tr>
<tr> <td align="center" valign="bottom" width="135">MJN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$89.98</td> <td align="center" valign="bottom" width="139">1,930,800</td> <td align="center" valign="bottom" width="123">3.80%</td> <td align="center" valign="bottom" width="133">$89.90</td> <td align="center" valign="bottom" width="127">$89.38</td></tr>
<tr> <td align="center" valign="bottom" width="135">MMC</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$80.01</td> <td align="center" valign="bottom" width="139">1,709,190</td> <td align="center" valign="bottom" width="123">1.97%</td> <td align="center" valign="bottom" width="133">$78.66</td> <td align="center" valign="bottom" width="127">$78.89</td></tr>
<tr> <td align="center" valign="bottom" width="135">MO</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$73.42</td> <td align="center" valign="bottom" width="139">5,452,300</td> <td align="center" valign="bottom" width="123">0.54%</td> <td align="center" valign="bottom" width="133">$73.65</td> <td align="center" valign="bottom" width="127">$75.48</td></tr>
<tr> <td align="center" valign="bottom" width="135">MPC</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$55.34</td> <td align="center" valign="bottom" width="139">4,321,470</td> <td align="center" valign="bottom" width="123">1.93%</td> <td align="center" valign="bottom" width="133">$54.38</td> <td align="center" valign="bottom" width="127">$53.28</td></tr>
<tr> <td align="center" valign="bottom" width="135">MPLX</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$35.84</td> <td align="center" valign="bottom" width="139">1,775,760</td> <td align="center" valign="bottom" width="123">2.41%</td> <td align="center" valign="bottom" width="133">$34.98</td> <td align="center" valign="bottom" width="127">$33.78</td></tr>
<tr> <td align="center" valign="bottom" width="135">NLSN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$39.42</td> <td align="center" valign="bottom" width="139">3,142,530</td> <td align="center" valign="bottom" width="123">6.32%</td> <td align="center" valign="bottom" width="133">$38.24</td> <td align="center" valign="bottom" width="127">$38.20</td></tr>
<tr> <td align="center" valign="bottom" width="135">PCG</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$68.26</td> <td align="center" valign="bottom" width="139">2,609,960</td> <td align="center" valign="bottom" width="123">0.53%</td> <td align="center" valign="bottom" width="133">$66.08</td> <td align="center" valign="bottom" width="127">$67.19</td></tr>
<tr> <td align="center" valign="bottom" width="135">PF</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$61.15</td> <td align="center" valign="bottom" width="139">1,722,930</td> <td align="center" valign="bottom" width="123">1.97%</td> <td align="center" valign="bottom" width="133">$59.12</td> <td align="center" valign="bottom" width="127">$59.77</td></tr>
<tr> <td align="center" valign="bottom" width="135">PG</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$88.61</td> <td align="center" valign="bottom" width="139">6,462,290</td> <td align="center" valign="bottom" width="123">2.39%</td> <td align="center" valign="bottom" width="133">$87.54</td> <td align="center" valign="bottom" width="127">$88.25</td></tr>
<tr> <td align="center" valign="bottom" width="135">PX</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$134.74</td> <td align="center" valign="bottom" width="139">1,308,010</td> <td align="center" valign="bottom" width="123">0.76%</td> <td align="center" valign="bottom" width="133">$134.06</td> <td align="center" valign="bottom" width="127">$134.03</td></tr>
<tr> <td align="center" valign="bottom" width="135">RTN</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$169.37</td> <td align="center" valign="bottom" width="139">1,388,960</td> <td align="center" valign="bottom" width="123">2.21%</td> <td align="center" valign="bottom" width="133">$167.13</td> <td align="center" valign="bottom" width="127">$164.44</td></tr>
<tr> <td align="center" valign="bottom" width="135">SAVE</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$50.12</td> <td align="center" valign="bottom" width="139">1,130,330</td> <td align="center" valign="bottom" width="123">1.03%</td> <td align="center" valign="bottom" width="133">$52.53</td> <td align="center" valign="bottom" width="127">$52.62</td></tr>
<tr> <td align="center" valign="bottom" width="135">SPGI</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$153.85</td> <td align="center" valign="bottom" width="139">1,104,640</td> <td align="center" valign="bottom" width="123">1.24% (3*)</td> <td align="center" valign="bottom" width="133">$149.47</td> <td align="center" valign="bottom" width="127">$148.16</td></tr>
<tr> <td align="center" valign="bottom" width="135">TOT</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$49.62</td> <td align="center" valign="bottom" width="139">1,908,960</td> <td align="center" valign="bottom" width="123">0.63%</td> <td align="center" valign="bottom" width="133">$49.37</td> <td align="center" valign="bottom" width="127">$49.73</td></tr>
<tr> <td align="center" valign="bottom" width="135">TPX</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$55.95</td> <td align="center" valign="bottom" width="139">1,245,860</td> <td align="center" valign="bottom" width="123">7.16%</td> <td align="center" valign="bottom" width="133">$53.00</td> <td align="center" valign="bottom" width="127">$51.74</td></tr>
<tr> <td align="center" valign="bottom" width="135">UPS</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$112.68</td> <td align="center" valign="bottom" width="139">2,587,420</td> <td align="center" valign="bottom" width="123">2.23%</td> <td align="center" valign="bottom" width="133">$111.42</td> <td align="center" valign="bottom" width="127">$110.94</td></tr>
<tr> <td align="center" valign="bottom" width="135">VLO</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$67.78</td> <td align="center" valign="bottom" width="139">4,110,830</td> <td align="center" valign="bottom" width="123">3.69%</td> <td align="center" valign="bottom" width="133">$67.85</td> <td align="center" valign="bottom" width="127">$66.23</td></tr>
<tr> <td align="center" valign="bottom" width="135">VNTV</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$64.26</td> <td align="center" valign="bottom" width="139">1,955,780</td> <td align="center" valign="bottom" width="123">1.75%</td> <td align="center" valign="bottom" width="133">$63.21</td> <td align="center" valign="bottom" width="127">$62.55</td></tr>
<tr> <td align="center" valign="bottom" width="135">VZ</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$44.23</td> <td align="center" valign="bottom" width="139">15,307,200</td> <td align="center" valign="bottom" width="123">2.44%</td> <td align="center" valign="bottom" width="133">$43.45</td> <td align="center" valign="bottom" width="127">$44.90</td></tr>
<tr> <td align="center" valign="bottom" width="135">XEL</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$47.42</td> <td align="center" valign="bottom" width="139">2,597,340</td> <td align="center" valign="bottom" width="123">1.02%</td> <td align="center" valign="bottom" width="133">$46.05</td> <td align="center" valign="bottom" width="127">$46.52</td></tr>
<tr> <td align="center" valign="bottom" width="135">ZBH</td> <td align="center" valign="bottom" width="95">BMO</td> <td align="center" valign="bottom" width="141">$129.61</td> <td align="center" valign="bottom" width="139">1,481,420</td> <td align="center" valign="bottom" width="123">6.54%</td> <td align="center" valign="bottom" width="133">$129.31</td> <td align="center" valign="bottom" width="127">$128.96</td></tr>
<tr> <td align="center" valign="bottom" width="135">ACHC</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$50.89</td> <td align="center" valign="bottom" width="139">1,086,200</td> <td align="center" valign="bottom" width="123">4.55%</td> <td align="center" valign="bottom" width="133">$49.51</td> <td align="center" valign="bottom" width="127">$48.02</td></tr>
<tr> <td align="center" valign="bottom" width="135">AFL</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$77.57</td> <td align="center" valign="bottom" width="139">1,579,860</td> <td align="center" valign="bottom" width="123">2.02%</td> <td align="center" valign="bottom" width="133">$77.79</td> <td align="center" valign="bottom" width="127">$78.53</td></tr>
<tr> <td align="center" valign="bottom" width="135">ALGN</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$158.87</td> <td align="center" valign="bottom" width="139">1,280,830</td> <td align="center" valign="bottom" width="123">5.93%</td> <td align="center" valign="bottom" width="133">$154.58</td> <td align="center" valign="bottom" width="127">$151.28</td></tr>
<tr> <td align="center" valign="bottom" width="135">AMZN</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$1,025.67</td> <td align="center" valign="bottom" width="139">3,773,550</td> <td align="center" valign="bottom" width="123">2.54%</td> <td align="center" valign="bottom" width="133">$1,006.84</td> <td align="center" valign="bottom" width="127">$992.91</td></tr>
<tr> <td align="center" valign="bottom" width="135">BCR</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$322.22</td> <td align="center" valign="bottom" width="139">1,085,990</td> <td align="center" valign="bottom" width="123">2.63%</td> <td align="center" valign="bottom" width="133">$319.32</td> <td align="center" valign="bottom" width="127">$317.69</td></tr>
<tr> <td align="center" valign="bottom" width="135">BIDU</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$193.18</td> <td align="center" valign="bottom" width="139">2,583,310</td> <td align="center" valign="bottom" width="123">3.84%</td> <td align="center" valign="bottom" width="133">$187.09</td> <td align="center" valign="bottom" width="127">$183.19</td></tr>
<tr> <td align="center" valign="bottom" width="135">CAA</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$37.93</td> <td align="center" valign="bottom" width="139">1,324,770</td> <td align="center" valign="bottom" width="123">3.88%</td> <td align="center" valign="bottom" width="133">$36.72</td> <td align="center" valign="bottom" width="127">$35.88</td></tr>
<tr> <td align="center" valign="bottom" width="135">CERN</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$65.38</td> <td align="center" valign="bottom" width="139">2,294,040</td> <td align="center" valign="bottom" width="123">6.63%</td> <td align="center" valign="bottom" width="133">$65.65</td> <td align="center" valign="bottom" width="127">$66.66</td></tr>
<tr> <td align="center" valign="bottom" width="135">DLR</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$112.46</td> <td align="center" valign="bottom" width="139">1,237,090</td> <td align="center" valign="bottom" width="123">1.49%</td> <td align="center" valign="bottom" width="133">$111.69</td> <td align="center" valign="bottom" width="127">$115.13</td></tr>
<tr> <td align="center" valign="bottom" width="135">EA</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$112.22</td> <td align="center" valign="bottom" width="139">3,252,010</td> <td align="center" valign="bottom" width="123">4.30%</td> <td align="center" valign="bottom" width="133">$109.56</td> <td align="center" valign="bottom" width="127">$110.17</td></tr>
<tr> <td align="center" valign="bottom" width="135">EIX</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$78.98</td> <td align="center" valign="bottom" width="139">1,620,180</td> <td align="center" valign="bottom" width="123">0.97%</td> <td align="center" valign="bottom" width="133">$77.36</td> <td align="center" valign="bottom" width="127">$79.48</td></tr>
<tr> <td align="center" valign="bottom" width="135">EMN</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$85.65</td> <td align="center" valign="bottom" width="139">1,129,030</td> <td align="center" valign="bottom" width="123">4.96%</td> <td align="center" valign="bottom" width="133">$85.20</td> <td align="center" valign="bottom" width="127">$83.85</td></tr>
<tr> <td align="center" valign="bottom" width="135">ES</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$61.54</td> <td align="center" valign="bottom" width="139">1,255,740</td> <td align="center" valign="bottom" width="123">1.01%</td> <td align="center" valign="bottom" width="133">$60.26</td> <td align="center" valign="bottom" width="127">$61.45</td></tr>
<tr> <td align="center" valign="bottom" width="135">EXPE</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$153.94</td> <td align="center" valign="bottom" width="139">1,702,040</td> <td align="center" valign="bottom" width="123">2.15%</td> <td align="center" valign="bottom" width="133">$152.55</td> <td align="center" valign="bottom" width="127">$150.06</td></tr>
<tr> <td align="center" valign="bottom" width="135">FE</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$31.74</td> <td align="center" valign="bottom" width="139">4,572,340</td> <td align="center" valign="bottom" width="123">1.43%</td> <td align="center" valign="bottom" width="133">$30.02</td> <td align="center" valign="bottom" width="127">$30.05</td></tr>
<tr> <td align="center" valign="bottom" width="135">FLS</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$46.23</td> <td align="center" valign="bottom" width="139">1,270,860</td> <td align="center" valign="bottom" width="123">2.88%</td> <td align="center" valign="bottom" width="133">$46.18</td> <td align="center" valign="bottom" width="127">$46.17</td></tr>
<tr> <td align="center" valign="bottom" width="135">FSLR</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$45.15</td> <td align="center" valign="bottom" width="139">3,125,590</td> <td align="center" valign="bottom" width="123">11.58%</td> <td align="center" valign="bottom" width="133">$42.37</td> <td align="center" valign="bottom" width="127">$41.04</td></tr>
<tr> <td align="center" valign="bottom" width="135">FTV</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$63.25</td> <td align="center" valign="bottom" width="139">1,352,350</td> <td align="center" valign="bottom" width="123">2.73% (3*)</td> <td align="center" valign="bottom" width="133">$64.14</td> <td align="center" valign="bottom" width="127">$63.79</td></tr>
<tr> <td align="center" valign="bottom" width="135">GIMO</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$38.90</td> <td align="center" valign="bottom" width="139">1,185,790</td> <td align="center" valign="bottom" width="123">11.33%</td> <td align="center" valign="bottom" width="133">$38.85</td> <td align="center" valign="bottom" width="127">$39.27</td></tr>
<tr> <td align="center" valign="bottom" width="135">HIG</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$53.79</td> <td align="center" valign="bottom" width="139">2,258,180</td> <td align="center" valign="bottom" width="123">3.37%</td> <td align="center" valign="bottom" width="133">$53.27</td> <td align="center" valign="bottom" width="127">$52.77</td></tr>
<tr> <td align="center" valign="bottom" width="135">INTC</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$34.73</td> <td align="center" valign="bottom" width="139">22,002,400</td> <td align="center" valign="bottom" width="123">3.60%</td> <td align="center" valign="bottom" width="133">$34.29</td> <td align="center" valign="bottom" width="127">$34.63</td></tr>
<tr> <td align="center" valign="bottom" width="135">KLAC</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$99.89</td> <td align="center" valign="bottom" width="139">1,245,760</td> <td align="center" valign="bottom" width="123">3.30%</td> <td align="center" valign="bottom" width="133">$98.41</td> <td align="center" valign="bottom" width="127">$96.69</td></tr>
<tr> <td align="center" valign="bottom" width="135">MSCC</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$52.92</td> <td align="center" valign="bottom" width="139">1,276,300</td> <td align="center" valign="bottom" width="123">5.14%</td> <td align="center" valign="bottom" width="133">$50.46</td> <td align="center" valign="bottom" width="127">$49.73</td></tr>
<tr> <td align="center" valign="bottom" width="135">PFG</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$66.42</td> <td align="center" valign="bottom" width="139">1,161,350</td> <td align="center" valign="bottom" width="123">2.16%</td> <td align="center" valign="bottom" width="133">$65.80</td> <td align="center" valign="bottom" width="127">$64.63</td></tr>
<tr> <td align="center" valign="bottom" width="135">RSG</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$64.90</td> <td align="center" valign="bottom" width="139">1,107,970</td> <td align="center" valign="bottom" width="123">1.65%</td> <td align="center" valign="bottom" width="133">$64.48</td> <td align="center" valign="bottom" width="127">$64.05</td></tr>
<tr> <td align="center" valign="bottom" width="135">SBUX</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$57.98</td> <td align="center" valign="bottom" width="139">7,988,860</td> <td align="center" valign="bottom" width="123">2.10%</td> <td align="center" valign="bottom" width="133">$58.21</td> <td align="center" valign="bottom" width="127">$59.20</td></tr>
<tr> <td align="center" valign="bottom" width="135">SGEN</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$54.39</td> <td align="center" valign="bottom" width="139">1,069,240</td> <td align="center" valign="bottom" width="123">3.92%</td> <td align="center" valign="bottom" width="133">$53.12</td> <td align="center" valign="bottom" width="127">$57.62</td></tr>
<tr> <td align="center" valign="bottom" width="135">SSNC</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$39.59</td> <td align="center" valign="bottom" width="139">1,241,210</td> <td align="center" valign="bottom" width="123">4.02%</td> <td align="center" valign="bottom" width="133">$39.43</td> <td align="center" valign="bottom" width="127">$38.32</td></tr>
<tr> <td align="center" valign="bottom" width="135">SYK</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$146.19</td> <td align="center" valign="bottom" width="139">1,109,100</td> <td align="center" valign="bottom" width="123">2.35%</td> <td align="center" valign="bottom" width="133">$143.89</td> <td align="center" valign="bottom" width="127">$142.78</td></tr>
<tr> <td align="center" valign="bottom" width="135">UNM</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$47.80</td> <td align="center" valign="bottom" width="139">1,203,400</td> <td align="center" valign="bottom" width="123">1.69%</td> <td align="center" valign="bottom" width="133">$47.72</td> <td align="center" valign="bottom" width="127">$46.61</td></tr>
<tr> <td align="center" valign="bottom" width="135">WDC</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$94.82</td> <td align="center" valign="bottom" width="139">4,280,700</td> <td align="center" valign="bottom" width="123">5.69%</td> <td align="center" valign="bottom" width="133">$92.77</td> <td align="center" valign="bottom" width="127">$90.01</td></tr>
<tr> <td align="center" valign="bottom" width="135">WRI</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$31.04</td> <td align="center" valign="bottom" width="139">1,022,160</td> <td align="center" valign="bottom" width="123">0.95%</td> <td align="center" valign="bottom" width="133">$30.59</td> <td align="center" valign="bottom" width="127">$30.71</td></tr>
<tr> <td align="center" valign="bottom" width="135">WYNN</td> <td align="center" valign="bottom" width="95">AMC</td> <td align="center" valign="bottom" width="141">$134.14</td> <td align="center" valign="bottom" width="139">1,967,860</td> <td align="center" valign="bottom" width="123">7.38%</td> <td align="center" valign="bottom" width="133">$133.09</td> <td align="center" valign="bottom" width="127">$133.34</td></tr>
</tbody></table>
<br />
<strong><u></u></strong> <br />
<strong><u>Friday</u></strong><b><u> July 28:</u></b> <br />
<b><u></u></b> <br />
Economic: GDP – 8:30, Employment Cost Index – 8:30, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
International Economic: Eurozone Economic Sentiment – 5:00AM, Germany CPI – 8:00AM.<br />
<br />
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to speak at a moderated Q&A at the Woodbury Area/St. Paul Chamber of Commerce event in Oakdale, Minnesota, with audience Q&A – 1:30PM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 895px;"> <tbody>
<tr> <td align="center" valign="bottom" width="130"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="86"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="125"><b><u>7/21 CLOSE</u></b></td> <td align="center" valign="bottom" width="142"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="127"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="133"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="144"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="130">AAL</td> <td align="center" valign="bottom" width="86">BMO<b><u></u></b></td> <td align="center" valign="bottom" width="125">$51.91 <b><u></u></b></td> <td align="center" valign="bottom" width="142">6,153,610<b><u></u></b></td> <td align="center" valign="bottom" width="127">3.65%<b><u></u></b></td> <td align="center" valign="bottom" width="133">$53.11 <b><u></u></b></td> <td align="center" valign="bottom" width="144">$51.24 <b><u></u></b></td></tr>
<tr> <td align="center" valign="bottom" width="130">ABBV</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$74.63</td> <td align="center" valign="bottom" width="142">5,545,970</td> <td align="center" valign="bottom" width="127">3.06%</td> <td align="center" valign="bottom" width="133">$72.50</td> <td align="center" valign="bottom" width="144">$71.80</td></tr>
<tr> <td align="center" valign="bottom" width="130">BEN</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$46.67</td> <td align="center" valign="bottom" width="142">2,151,870</td> <td align="center" valign="bottom" width="127">1.08%</td> <td align="center" valign="bottom" width="133">$46.07</td> <td align="center" valign="bottom" width="144">$45.34</td></tr>
<tr> <td align="center" valign="bottom" width="130">BHI</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$57.68</td> <td align="center" valign="bottom" width="142">2,807,600</td> <td align="center" valign="bottom" width="127">2.39%</td> <td align="center" valign="bottom" width="133">$54.40</td> <td align="center" valign="bottom" width="144">$55.37</td></tr>
<tr> <td align="center" valign="bottom" width="130">CMS</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$46.75</td> <td align="center" valign="bottom" width="142">1,779,930</td> <td align="center" valign="bottom" width="127">0.86%</td> <td align="center" valign="bottom" width="133">$45.95</td> <td align="center" valign="bottom" width="144">$46.85</td></tr>
<tr> <td align="center" valign="bottom" width="130">COL</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$109.31</td> <td align="center" valign="bottom" width="142">1,336,200</td> <td align="center" valign="bottom" width="127">3.51%</td> <td align="center" valign="bottom" width="133">$109.07</td> <td align="center" valign="bottom" width="144">$107.18</td></tr>
<tr> <td align="center" valign="bottom" width="130">CVX</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$103.25</td> <td align="center" valign="bottom" width="142">5,406,860</td> <td align="center" valign="bottom" width="127">2.02%</td> <td align="center" valign="bottom" width="133">$103.91</td> <td align="center" valign="bottom" width="144">$105.47</td></tr>
<tr> <td align="center" valign="bottom" width="130">HCN</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$73.93</td> <td align="center" valign="bottom" width="142">1,648,580</td> <td align="center" valign="bottom" width="127">0.94%</td> <td align="center" valign="bottom" width="133">$73.45</td> <td align="center" valign="bottom" width="144">$75.12</td></tr>
<tr> <td align="center" valign="bottom" width="130">IRM</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$35.00</td> <td align="center" valign="bottom" width="142">1,109,950</td> <td align="center" valign="bottom" width="127">2.82%</td> <td align="center" valign="bottom" width="133">$34.30</td> <td align="center" valign="bottom" width="144">$34.02</td></tr>
<tr> <td align="center" valign="bottom" width="130">LYB</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$86.87</td> <td align="center" valign="bottom" width="142">2,770,650</td> <td align="center" valign="bottom" width="127">2.61%</td> <td align="center" valign="bottom" width="133">$85.47</td> <td align="center" valign="bottom" width="144">$83.42</td></tr>
<tr> <td align="center" valign="bottom" width="130">MRK</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$62.63</td> <td align="center" valign="bottom" width="142">8,899,960</td> <td align="center" valign="bottom" width="127">1.55%</td> <td align="center" valign="bottom" width="133">$62.76</td> <td align="center" valign="bottom" width="144">$64.32</td></tr>
<tr> <td align="center" valign="bottom" width="130">NOV</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$33.45</td> <td align="center" valign="bottom" width="142">3,285,900</td> <td align="center" valign="bottom" width="127">4.59%</td> <td align="center" valign="bottom" width="133">$33.52</td> <td align="center" valign="bottom" width="144">$33.30</td></tr>
<tr> <td align="center" valign="bottom" width="130">PEG</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$44.72</td> <td align="center" valign="bottom" width="142">2,857,790</td> <td align="center" valign="bottom" width="127">2.12%</td> <td align="center" valign="bottom" width="133">$42.83</td> <td align="center" valign="bottom" width="144">$43.20</td></tr>
<tr> <td align="center" valign="bottom" width="130">SNY</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$47.71</td> <td align="center" valign="bottom" width="142">1,941,950</td> <td align="center" valign="bottom" width="127">1.88%</td> <td align="center" valign="bottom" width="133">$47.99</td> <td align="center" valign="bottom" width="144">$48.41</td></tr>
<tr> <td align="center" valign="bottom" width="130">TRP</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$51.46</td> <td align="center" valign="bottom" width="142">1,331,630</td> <td align="center" valign="bottom" width="127">2.17%</td> <td align="center" valign="bottom" width="133">$49.59</td> <td align="center" valign="bottom" width="144">$49.11</td></tr>
<tr> <td align="center" valign="bottom" width="130">VTR</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$68.65</td> <td align="center" valign="bottom" width="142">1,724,970</td> <td align="center" valign="bottom" width="127">0.75%</td> <td align="center" valign="bottom" width="133">$67.91</td> <td align="center" valign="bottom" width="144">$69.39</td></tr>
<tr> <td align="center" valign="bottom" width="130">WY</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$34.43</td> <td align="center" valign="bottom" width="142">3,419,710</td> <td align="center" valign="bottom" width="127">1.66%</td> <td align="center" valign="bottom" width="133">$32.98</td> <td align="center" valign="bottom" width="144">$33.07</td></tr>
<tr> <td align="center" valign="bottom" width="130">XOM</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$80.12</td> <td align="center" valign="bottom" width="142">11,070,600</td> <td align="center" valign="bottom" width="127">1.36%</td> <td align="center" valign="bottom" width="133">$80.73</td> <td align="center" valign="bottom" width="144">$81.67</td></tr>
<tr> <td align="center" valign="bottom" width="130">YNDX</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="125">$31.41</td> <td align="center" valign="bottom" width="142">2,552,580</td> <td align="center" valign="bottom" width="127">6.00%</td> <td align="center" valign="bottom" width="133">$29.52</td> <td align="center" valign="bottom" width="144">$28.69</td></tr>
<tr> <td align="center" valign="bottom" width="130">ALSN</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="125">$37.04</td> <td align="center" valign="bottom" width="142">1,421,750</td> <td align="center" valign="bottom" width="127">4.41%</td> <td align="center" valign="bottom" width="133">$38.16</td> <td align="center" valign="bottom" width="144">$37.84</td></tr>
<tr> <td align="center" valign="bottom" width="130">SBAC</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="125">$136.60</td> <td align="center" valign="bottom" width="142">1,039,460</td> <td align="center" valign="bottom" width="127">2.33%</td> <td align="center" valign="bottom" width="133">$136.12</td> <td align="center" valign="bottom" width="144">$134.87</td></tr>
<tr> <td align="center" valign="bottom" width="130">SLCA</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="125">$30.60</td> <td align="center" valign="bottom" width="142">2,946,000</td> <td align="center" valign="bottom" width="127">5.71%</td> <td align="center" valign="bottom" width="133">$32.71</td> <td align="center" valign="bottom" width="144">$33.99</td></tr>
<tr> <td align="center" valign="bottom" width="130">VNO</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="125">$78.69</td> <td align="center" valign="bottom" width="142">1,285,420</td> <td align="center" valign="bottom" width="127">1.79%</td> <td align="center" valign="bottom" width="133">$90.26</td> <td align="center" valign="bottom" width="144">$87.25</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<b><u>Monday July 31:</u></b> <br />
<b><u></u></b> <br />
Economic: Chicago PMI – 9:45, Pending Home Sales Index – 10:00, Dallas Fed Manufacturing Survey – 10:30, Farm Prices – 3:00.<br />
<br />
International Economic: Germany Retail Sales – 2:00AM, Germany Unemployment Rate – 5:00AM,Eurozone HICP Flash – 6:00AM, Japan PMI Manufacturing Index – 8:30PM, China PMI Manufacturing Index – 9:00PM.<br />
<br />
Other: Bank of Japan Minutes – 7:50PM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 899px;"> <tbody>
<tr> <td align="center" valign="bottom" width="130"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="89"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="125"><b><u>7/21 CLOSE</u></b></td> <td align="center" valign="bottom" width="140"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="128"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="136"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="143"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="130">SNY</td> <td align="center" valign="bottom" width="89">BMO</td> <td align="center" valign="bottom" width="125">$47.71</td> <td align="center" valign="bottom" width="140">1,941,950</td> <td align="center" valign="bottom" width="128">1.88%</td> <td align="center" valign="bottom" width="136">$47.99</td> <td align="center" valign="bottom" width="143">$48.41</td></tr>
<tr> <td align="center" valign="bottom" width="130">ALSN</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="125">$37.04</td> <td align="center" valign="bottom" width="140">1,421,750</td> <td align="center" valign="bottom" width="128">4.41%</td> <td align="center" valign="bottom" width="136">$38.16</td> <td align="center" valign="bottom" width="143">$37.84</td></tr>
<tr> <td align="center" valign="bottom" width="130">SBAC</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="125">$136.60</td> <td align="center" valign="bottom" width="140">1,039,460</td> <td align="center" valign="bottom" width="128">2.33%</td> <td align="center" valign="bottom" width="136">$136.12</td> <td align="center" valign="bottom" width="143">$134.87</td></tr>
<tr> <td align="center" valign="bottom" width="130">SLCA</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="125">$30.60</td> <td align="center" valign="bottom" width="140">2,946,000</td> <td align="center" valign="bottom" width="128">5.71%</td> <td align="center" valign="bottom" width="136">$32.71</td> <td align="center" valign="bottom" width="143">$33.99</td></tr>
<tr> <td align="center" valign="bottom" width="130">VNO</td> <td align="center" valign="bottom" width="89">AMC</td> <td align="center" valign="bottom" width="125">$78.69</td> <td align="center" valign="bottom" width="140">1,285,420</td> <td align="center" valign="bottom" width="128">1.79%</td> <td align="center" valign="bottom" width="136">$90.26</td> <td align="center" valign="bottom" width="143">$87.25</td></tr>
</tbody></table>
<br />
<br />
<br />Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-51382602861498084142017-06-13T15:06:00.000-05:002017-07-21T16:09:54.166-05:00Market News for the Prepared Mind: 6.12.2017 – 6.19.2017<div align="center">
<span style="color: black;">"Chance favors the Prepared Mind." - Louis Pasteur</span><br />
<span style="color: black;"><br /></span></div>
<div align="center">
<span style="color: black;">"Experience traders control risk, inexperienced traders chase gains." - Alan Farley</span> <br />
<span style="color: black;"><br /></span></div>
<div style="text-align: center;">
<span style="color: black;">“I had nothing to offer anybody except my own confusion.” – Jack Kerouac</span> <br />
<span style="color: black;"><br /></span></div>
<div style="text-align: justify;">
<div style="text-align: center;">
<span style="color: black;">“You should never make predictions, especially about the future.” - Samuel Goldwyn</span> </div>
<span style="color: black;"><br /></span></div>
<div align="justify">
<span style="color: black;">Sorry for the delay in posting. A full weekend with family has resulted in a truncated version of this blog. The numbers for last week paint a picture – with or without commentary. The divergence between the major indexes was of a magnitude I have rarely seen during my years as a trader. A FANG sell-off (Facebook, Apple, Amazon, Netflix, and Google) had minimal impact upon other equity indexes. The sell-off was a classic stock rotation with money going from FANG and other tech stocks to the financial sector. The rotation of sectors and increasing intraday movement are characteristic of late stage bull markets.</span> </div>
<div align="justify">
<span style="color: black;"><br /></span></div>
<span style="color: black;">Here is an overview of the US market behavior last week and for 2017:<b></b></span> <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 986px;"> <tbody>
<tr> <td align="center" valign="bottom" width="325"><a href="https://www.blogger.com/null" name="_Hlk478791299"><b><u><span style="color: black;">Index</span></u></b></a></td> <td align="center" valign="bottom" width="105"><b><u><span style="color: black;">9-Jun</span></u></b></td> <td align="center" valign="bottom" width="89"><b><u><span style="color: black;">Change </span></u></b></td> <td align="center" valign="bottom" width="119"><b><u><span style="color: black;">% Weekly</span></u></b></td> <td align="center" valign="bottom" width="133"><b><u><span style="color: black;">2017 YTD</span></u></b></td> <td align="center" valign="bottom" width="205"><b><u><span style="color: black;">Volatility of Index</span></u></b></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">Dow Jones Industrials (DJIA)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">21271.97</span></td> <td align="center" valign="bottom" width="89"><span style="color: black;">65.68 </span></td> <td align="center" valign="bottom" width="119"><span style="color: black;">0.31%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">7.64%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">10.59% (VXD)</span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">S&P 500 (SPX)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">2431.77</span></td> <td align="center" valign="bottom" width="89"><span style="color: red;">(7.30)</span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">-0.30%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">8.64%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">10.70% (VIX)</span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">NASDAQ 100 (NDX)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">5741.94</span></td> <td align="center" valign="bottom" width="89"><span style="color: red;">(139.52)</span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">-2.37%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">18.06%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">18.13% (VXN)</span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">Russell 2000 (RUT)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">1420.71</span></td> <td align="center" valign="bottom" width="89"><span style="color: red;">17.32 </span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">1.23%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">4.68%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">15.83% (RVX) </span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">S&P 100 (OEX)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">1071.90</span></td> <td align="center" valign="bottom" width="89"><span style="color: red;">(2.46)</span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">-0.23%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">8.12%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">10.39% (VXO)</span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">Crude Oil (CLN7)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">46.06</span></td> <td align="center" valign="bottom" width="89"><span style="color: red;">(1.68)</span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">-3.52%</span></td> <td align="center" valign="bottom" width="133"><span style="color: red;">-14.53%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">32.59%(OVX)</span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">Dow Jones Transportation (TRAN)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">4616.29</span></td> <td align="center" valign="bottom" width="89"><span style="color: black;">17.91 </span></td> <td align="center" valign="bottom" width="119"><span style="color: black;">0.39%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">13.94%</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;">NA</span></td></tr>
<tr> <td valign="bottom" width="325"><span style="color: black;">CBOE Volatility Index (VIX)</span></td> <td align="center" valign="bottom" width="105"><span style="color: black;">10.70</span></td> <td align="center" valign="bottom" width="89"><span style="color: black;">0.95 </span></td> <td align="center" valign="bottom" width="119"><span style="color: black;">9.74%</span></td> <td align="center" valign="bottom" width="133"><span style="color: black;">NA</span></td> <td align="center" valign="bottom" width="205"><span style="color: black;"></span></td></tr>
</tbody></table>
<b><span style="color: black;">Data Source: OptionVue8</span></b><br />
<b><span style="color: black;"></span></b> <br />
<span style="color: black;">The VIX gained nearly 10% last week. The monthly VIX futures basically held constant. The Short-Term Volatility Index (VXST) show a gain of Just over 22%. The tenor of the VIX options market was modestly bullish. Russell Rhoads’, CBOE VIX guru, trade of the week took place on Friday. Per Russell, “A trader purchased 3000 VIX Jun 21<sup>st</sup> 14 Calls at 0.36 and then sold 4500 of the VIX Jun 21<sup>st</sup> 17 Calls for 0.18.” This ratio spread was done for even money.</span><br />
<b></b> <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 988px;"> <tbody>
<tr> <td align="center" valign="bottom" width="417"><b><u><span style="color: black;">Indexes</span></u></b></td> <td align="center" valign="bottom" width="123"><b><u><span style="color: black;">Ticker</span></u></b></td> <td align="center" valign="bottom" width="107"><b><u><span style="color: black;">9-Jun</span></u></b></td> <td align="center" valign="bottom" width="87"><b><u><span style="color: black;">2-Jun</span></u></b></td> <td align="center" valign="bottom" width="120"><b><u><span style="color: black;">Change </span></u></b></td> <td align="center" valign="bottom" width="124"><b><u><span style="color: black;">% Change</span></u></b></td></tr>
<tr> <td width="417"><span style="color: black;">CBOE Volatility Index</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VIX</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">10.70</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">9.75</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.95 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">9.74%</span></td></tr>
<tr> <td width="417"><span style="color: black;">VIX June Future (6/21/2017)</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXM7</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">11.725</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">11.625</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.10 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">0.86%</span></td></tr>
<tr> <td width="417"><span style="color: black;">VIX July Future (7/18/2017)</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXN7</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">12.575</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">12.525</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.05 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">0.40%</span></td></tr>
<tr> <td width="417"><span style="color: black;">VIX August Future (8/18/2017)</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXQ7</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">13.425</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">13.325</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.10 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">0.75%</span></td></tr>
<tr> <td width="417"><span style="color: black;">CBOE Short-term Volatility Index</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXST</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">10.37</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">8.47</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">1.90 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">22.43%</span></td></tr>
<tr> <td width="417"><span style="color: black;">CBOE 3 Month Volatility Index</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXV</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">12.96</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">12.46</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.50 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">4.01%</span></td></tr>
<tr> <td width="417"><span style="color: black;">CBOE Mid-term Volatility Index (6 month)</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXMT</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">15.17</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">14.88</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.29 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">1.95%</span></td></tr>
<tr> <td width="417"><span style="color: black;">VIX of VIX</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VVIX</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">87.41</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">83.62</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">3.79 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">4.53%</span></td></tr>
<tr> <td width="417"><span style="color: black;">CBOE SKEW Index</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">SKEW</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">131.26</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">124.23</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">7.03 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">5.66%</span></td></tr>
<tr> <td width="417"><b><u><span style="color: black;">Long VIX ETP's</span></u></b></td> <td align="center" valign="bottom" width="123"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="107"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="87"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="120"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="124"><span style="color: black;"></span></td></tr>
<tr> <td width="417"><span style="color: black;">ProShares Ultra VIX Short Term Futures ETF</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">UVXY</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">10.64</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">10.51</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.13 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">1.24%</span></td></tr>
<tr> <td width="417"><span style="color: black;">iPath S&P 500 VIX Short Term Futures ETN</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXX</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">13.31</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">13.21</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.10 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">0.76%</span></td></tr>
<tr> <td width="417"><span style="color: black;">ProShares VIX Short Term Futures ETF</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VIXY</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">11.08</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">10.99</span></td> <td align="center" valign="bottom" width="120"><span style="color: black;">0.09 </span></td> <td align="center" valign="bottom" width="124"><span style="color: black;">0.82%</span></td></tr>
<tr> <td width="417"><span style="color: black;">iPath S&P 500 VIX Mid-Term Futures ETN</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">VXZ</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">23.93</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">24.17</span></td> <td align="center" valign="bottom" width="120"><span style="color: red;">(0.24)</span></td> <td align="center" valign="bottom" width="124"><span style="color: red;">-0.99%</span></td></tr>
<tr> <td width="417"><b><u><span style="color: black;">Inverse VIX ETP's </span></u></b></td> <td align="center" valign="bottom" width="123"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="107"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="87"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="120"><span style="color: black;"></span></td> <td align="center" valign="bottom" width="124"><span style="color: black;"></span></td></tr>
<tr> <td width="417"><span style="color: black;">ProShares Short VIX Short Term Future ETF</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">SVXY</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">155.31</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">156.65</span></td> <td align="center" valign="bottom" width="120"><span style="color: red;">(1.34)</span></td> <td align="center" valign="bottom" width="124"><span style="color: red;">-0.86%</span></td></tr>
<tr> <td width="417"><span style="color: black;">Daily Inverse VIX Short Term ETN</span></td> <td align="center" valign="bottom" width="123"><span style="color: black;">XIV</span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">80.36</span></td> <td align="center" valign="bottom" width="87"><span style="color: black;">81.05</span></td> <td align="center" valign="bottom" width="120"><span style="color: red;">(0.69)</span></td> <td align="center" valign="bottom" width="124"><span style="color: red;">-0.85%</span></td></tr>
</tbody></table>
<b><span style="color: black;">Data Source: OptionVue8</span></b> <br />
<b><span style="color: black;"><br /></span></b> <b><span style="color: black;"></span></b> <br />
<span style="color: black;">The economic calendar heats with reports on industrial production, retail sales, consumer prices and housing starts. The highlight of the week will be the Fed’s rate decision on Wednesday and its comments in the subsequent press conference. will be the highlight of the week. The wild card, as always, will be potential political fireworks from inside the Beltway. International economic news will be highlighted by announcements by the Bank of Japan and the Bank of England. Both are expected to maintain current policy and interest rates.</span> <br />
<span style="color: black;"><br /></span> <span style="color: black;">This earnings season is over. There are only a smattering of earnings announcement this week. 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. Earnings highlights include H&R Block, John Wiley & Sons, Kroger, and Bob Evans Farms.</span> <br />
<span style="color: black;"><br /></span> <b><u><span style="color: black;"></span></u></b> <br />
<span style="color: black;">Advice to stimulate your imagination:</span> <br />
<span style="color: black;"><br /></span>
<br />
<div style="text-align: center;">
<span style="color: black;">“The purpose of technology is not to confuse the brain but to serve the body.” - – William S. Burroughs</span> </div>
<div style="text-align: center;">
<span style="color: black;"><br /></span></div>
<div style="text-align: center;">
<span style="color: black;">“In the business world, the rearview mirror is always clearer than the windshield.” - Warren Buffett</span> </div>
<div style="text-align: center;">
<span style="color: black;"><br /></span></div>
<div style="text-align: center;">
<span style="color: black;">“A point of view can be a dangerous luxury when substituted for insight and understanding.” - Marshall McLuhan</span> </div>
<div style="text-align: center;">
<span style="color: black;"><br /></span></div>
<div style="text-align: center;">
<span style="color: black;">"If you spend more than 13 minutes analyzing economic and market forecasts,</span> </div>
<div style="text-align: center;">
<span style="color: black;">you've wasted 10 minutes" Peter Lynch<strong></strong></span> </div>
<div style="text-align: center;">
<span style="color: black;"><br /></span></div>
<strong><span style="color: black;"></span></strong> <br />
<a href="https://www.blogger.com/null" name="_Hlk480275954"><strong><span style="color: black;"></span></strong></a> <br />
<b><u><span style="color: black;">Monday June 12:</span></u></b> <br />
<b><u><span style="color: black;"></span></u></b> <br />
<span style="color: black;">Economic: No major announcements</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">International Economic: No major announcements.</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">Earnings: </span><a href="https://www.blogger.com/null" name="_Hlk485059274"><span style="color: black;">None meeting criteria.</span></a> <br />
<strong><span style="color: black;"></span></strong> <br />
<strong><span style="color: black;"></span></strong> <br />
<b><u><span style="color: black;">Tuesday June 13:</span></u></b> <br />
<b><u><span style="color: black;"></span></u></b> <br />
<span style="color: black;">Economic: NFIB Small Business Optimism Index - 8:30, PPI – FD – 8:30, Redbook – 8:55.</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">International Economic: Great Britain CPI & PPI – 4:30AM, China Fixed Asset Investment, Industrial Production, and Retail Sales – 10:00PM. </span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">Other: FOMC Meeting Begins. New York Federal Reserve President William Dudley speaks about the Impact of Regulation on a Bank's Internal Capital Allocation at the Prudential Bank Regulation Conference, in Washington D.C. – 1:45PM.</span> <br />
<strong><span style="color: black;"></span></strong> <br />
<span style="color: black;"><strong>Earnings: </strong><strong></strong></span> <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 803px;"> <tbody>
<tr> <td align="center" valign="bottom" width="128"><b><u><span style="color: black;">SYMBOL</span></u></b></td> <td align="center" valign="bottom" width="93"><b><u><span style="color: black;">B/A</span></u></b></td> <td align="center" valign="bottom" width="93"><b><u><span style="color: black;">2-Jun</span></u></b></td> <td align="center" valign="bottom" width="129"><b><u><span style="color: black;">AVGVOL</span></u></b></td> <td align="center" valign="bottom" width="141"><b><u><span style="color: black;">AVG MOVE</span></u></b></td> <td align="center" valign="bottom" width="102"><b><u><span style="color: black;">SMA 10</span></u></b></td> <td align="center" valign="bottom" width="107"><b><u><span style="color: black;">50% FIB</span></u></b></td></tr>
<tr> <td align="center" valign="bottom" width="128"><span style="color: black;">HRB</span></td> <td align="center" valign="bottom" width="97"><span style="color: black;">AMC</span></td> <td align="center" valign="bottom" width="93"><span style="color: black;">$26.19 </span></td> <td align="center" valign="bottom" width="129"><span style="color: black;">3,029,110</span></td> <td align="center" valign="bottom" width="141"><span style="color: black;">10.04%</span></td> <td align="center" valign="bottom" width="102"><span style="color: black;">$26.51 </span></td> <td align="center" valign="bottom" width="107"><span style="color: black;">$26.02 </span></td></tr>
</tbody></table>
<span style="color: black;"><strong><u><br /></u></strong></span>
<span style="color: black;"><strong><u>Wednesday</u></strong><b><u> June 14</u></b></span><span style="color: black;"><b><u>:</u></b></span><br />
<strong><span style="color: black;"></span></strong> <br />
<span style="color: black;">Economic: MBA Mortgage Applications – 7:00, Consumer Price Index – 8:30, Retail Sales – 8:30, Business Inventories – 10:00, EIA Petroleum Status Report – 10:30.</span> <br />
<span style="color: black;">International Economic: </span><span style="color: black;">Germany CPI – 2:00Am, Great Britain Labour Market Report – 4:00AM, Eurozone Industrial Production – 5:00AM.</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">Other: FOMC Meeting Announcement 2:00PM, FOMC Forecasts – 2:00PM, Fed Chair Press Conference – 2:20.</span> <br />
<strong><span style="color: black;"></span></strong> <br />
<span style="color: black;"><strong>Earnings: </strong><strong></strong></span> <br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 801px;"> <tbody>
<tr> <td align="center" valign="bottom" width="128"><b><u><span style="color: black;">SYMBOL</span></u></b></td> <td align="center" valign="bottom" width="93"><b><u><span style="color: black;">B/A</span></u></b></td> <td align="center" valign="bottom" width="109"><b><u><span style="color: black;">2-Jun</span></u></b></td> <td align="center" valign="bottom" width="129"><b><u><span style="color: black;">AVGVOL</span></u></b></td> <td align="center" valign="bottom" width="135"><b><u><span style="color: black;">AVG MOVE</span></u></b></td> <td align="center" valign="bottom" width="101"><b><u><span style="color: black;">SMA 10</span></u></b></td> <td align="center" valign="bottom" width="96"><b><u><span style="color: black;">50% FIB</span></u></b></td></tr>
<tr> <td align="center" valign="bottom" width="128"><span style="color: black;">JBL</span></td> <td align="center" valign="bottom" width="93"><span style="color: black;">AMC</span></td> <td align="center" valign="bottom" width="109"><span style="color: black;">$31.04 </span></td> <td align="center" valign="bottom" width="129"><span style="color: black;">1,954,480</span></td> <td align="center" valign="bottom" width="135"><span style="color: black;">6.04%</span></td> <td align="center" valign="bottom" width="101"><span style="color: black;">$30.63 </span></td> <td align="center" valign="bottom" width="96"><span style="color: black;">$29.77 </span></td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong><u>Thursday </u></strong><b><u>June 15:</u></b><br />
<b><u><span style="color: black;"></span></u></b> <br />
<span style="color: black;">Economic: Weekly Jobless Claims – 8:30, Philadelphia Fed Business Outlook Survey – 8:30, Empire State Manufacturing Survey – 8:30 – 8:30, Import and Export Prices – 8:30, Industrial Production – 9:15, Bloomberg Consumer Confidence – 9:45, Housing Market Index – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30.</span> <br />
<span style="color: black;">International Economic: Great Britain Retail Sales- 4:30AM, Eurozone Merchandise Trade - 5:00AM</span> <br />
<span style="color: black;">Other: Bank of England Announcement – 7:00AM.Bank of Japan Announcement.</span> <br />
<span style="color: black;">Earnings:</span> <br />
<table border="1" cellpadding="0" cellspacing="0" style="width: 800px;"> <tbody>
<tr> <td align="center" valign="bottom" width="129"><b><u><span style="color: black;">SYMBOL</span></u></b></td> <td align="center" valign="bottom" width="95"><b><u><span style="color: black;">B/A</span></u></b></td> <td align="center" valign="bottom" width="110"><b><u><span style="color: black;">2-Jun</span></u></b></td> <td align="center" valign="bottom" width="130"><b><u><span style="color: black;">AVGVOL</span></u></b></td> <td align="center" valign="bottom" width="118"><b><u><span style="color: black;">AVG MOVE</span></u></b></td> <td align="center" valign="bottom" width="108"><b><u><span style="color: black;">SMA 10</span></u></b></td> <td align="center" valign="bottom" width="108"><b><u><span style="color: black;">50% FIB</span></u></b></td></tr>
<tr> <td align="center" valign="bottom" width="129"><span style="color: black;">KR</span></td> <td align="center" valign="bottom" width="95"><span style="color: black;">BMO</span></td> <td align="center" valign="bottom" width="110"><span style="color: black;">$30.78 </span></td> <td align="center" valign="bottom" width="130"><span style="color: black;">8,614,880</span></td> <td align="center" valign="bottom" width="118"><span style="color: black;">2.22%</span></td> <td align="center" valign="bottom" width="108"><span style="color: black;">$29.00 </span></td> <td align="center" valign="bottom" width="108"><span style="color: black;">$29.73 </span></td></tr>
<tr> <td align="center" valign="bottom" width="129"><span style="color: black;">BOBE</span></td> <td align="center" valign="bottom" width="95"><span style="color: black;">BMO</span></td> <td align="center" valign="bottom" width="110"><span style="color: black;">$71.35 </span></td> <td align="center" valign="bottom" width="130"><span style="color: black;">297,711</span></td> <td align="center" valign="bottom" width="118"><span style="color: black;">6.02%</span></td> <td align="center" valign="bottom" width="108"><span style="color: black;">$71.29 </span></td> <td align="center" valign="bottom" width="108"><span style="color: black;">$70.39 </span></td></tr>
<tr> <td align="center" valign="bottom" width="129"><span style="color: black;">FNSR</span></td> <td align="center" valign="bottom" width="98"><span style="color: black;">AMC</span></td> <td align="center" valign="bottom" width="118"><span style="color: black;">$25.04 </span></td> <td align="center" valign="bottom" width="142"><span style="color: black;">4,173,020</span></td> <td align="center" valign="bottom" width="141"><span style="color: black;">11.04%</span></td> <td align="center" valign="bottom" width="136"><span style="color: black;">$25.56 </span></td> <td align="center" valign="bottom" width="143"><span style="color: black;">$24.97 </span></td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong><u>Friday</u></strong><b><u> June 16:</u></b><br />
<b><u><span style="color: black;"></span></u></b> <br />
<b><u><span style="color: black;">Quadruple Witching</span></u></b> <br />
<b><u><span style="color: black;"></span></u></b> <br />
<span style="color: black;">Economic: Housing Starts – 8:30, Atlanta Fed Business Inflation Expectations – 10:00, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00. </span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">International Economic: Eurozone HICP – 4:00AM.</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">Other: Dallas Federal Reserve Bank President Robert Kaplan to speak at a moderated Q&A held by Park Cities Rotary Club in Dallas, with audience and media Q&A – 12:45PM.</span> <br />
<a href="https://www.blogger.com/null" name="_Hlk478787736"><span style="color: black;"></span></a> <br />
<span style="color: black;">Earnings: None meeting criteria.</span> <br />
<strong><span style="color: black;"></span></strong> <br />
<strong><span style="color: black;"></span></strong> <br />
<a href="https://www.blogger.com/null" name="_Hlk484977315"><strong><span style="color: black;"></span></strong></a> <br />
<a href="https://www.blogger.com/null" name="_Hlk478788524"></a><a href="https://www.blogger.com/null" name="_Hlk479354457"></a><a href="https://www.blogger.com/null" name="_Hlk483140984"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><a href="https://www.blogger.com/null" name="_Hlk481914915"><b><u><span style="color: black;">Monday June 19:</span></u></b></a> <br />
<b><u><span style="color: black;"></span></u></b> <br />
<span style="color: black;">Economic: No major announcements</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">International Economic: No major announcements.</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">Other: New York Federal Reserve Bank President William Dudley will speak at the Business Roundtable Meeting held by the North Country Chamber of Commerce and North Country Regional Economic Development Council, in Plattsburg, NY – 8:00AM, President Federal Reserve Bank of Chicago Charles Evans will speak about current economic conditions or monetary policy at the Money Marketeers of New York University event in New York City, with audience and media Q&A – 7:00PM.</span> <br />
<span style="color: black;"></span> <br />
<span style="color: black;">Earnings: None meeting criteria.</span><br />
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-82985671553826631222017-05-29T16:18:00.001-05:002017-05-29T16:27:04.190-05:00Market News for the Prepared Mind: 5.29.2017 – 6.06.2017<br />
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="center">
"Experience traders control risk, </div>
<div align="center">
inexperienced traders chase gains." - Alan Farley</div>
<div align="center">
<br /></div>
<div align="center">
"We are pioneers and the history of pioneers is not that good." - Jeff Bezos</div>
<div align="center">
<br /></div>
<div align="center">
“I have a right to be blind sometimes.” - Lord Nelson</div>
<div align="center">
<br /></div>
<div align="justify">
The blog will continue to focus on numbers and “facts.” The major equity indices rebounded from two weeks of negative numbers to set new all-time highs. The market’s ability to ignore “bad news” was a topic of conversation this week among the financial news talking heads.</div>
<div align="justify">
<br /></div>
<div align="justify">
Economic data has been tepid of late. The economic news continued this trend last week with despite disappointing GDP numbers for the first quarter, new-home sales, and durable goods orders. Many analysts attributed the strength of the US domestic equity indexes on better than expected results from overseas.</div>
<div align="justify">
<br /></div>
<div align="justify">
Other analysts have scrapped their crystal balls. The most puzzling explanation of the new market high was, “The markets just want to go higher.” This analysis should be called the Cyndi Lauper Theory in honor of her song “Girls Just Want to Have Fun.” Please give me that man’s seat at the table. Anthropomorphism is not my favored method of market analysis.</div>
Here is an overview of the US market behavior last w<br />
eek and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="336"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="127"><b><u>26-May</u></b></td> <td align="center" valign="bottom" width="115"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="119"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="104"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="186"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="336">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="127">21,080.28</td> <td align="center" valign="bottom" width="115">275.44</td> <td align="center" valign="bottom" width="119">1.32%</td> <td align="center" valign="bottom" width="104">6.67%</td> <td align="center" valign="bottom" width="186">9.60% (VXD)</td></tr>
<tr> <td valign="bottom" width="336">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="127">2,415.82</td> <td align="center" valign="bottom" width="115">34.10</td> <td align="center" valign="bottom" width="119">1.43%</td> <td align="center" valign="bottom" width="104">7.93%</td> <td align="center" valign="bottom" width="186">9.81% (VIX)</td></tr>
<tr> <td valign="bottom" width="336">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="127">5,788.36</td> <td align="center" valign="bottom" width="115">136.80</td> <td align="center" valign="bottom" width="119">2.42%</td> <td align="center" valign="bottom" width="104">19.01%</td> <td align="center" valign="bottom" width="186">12.26% (VXN)</td></tr>
<tr> <td valign="bottom" width="336">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="127">1,382.24</td> <td align="center" valign="bottom" width="115">14.91</td> <td align="center" valign="bottom" width="119">1.09%</td> <td align="center" valign="bottom" width="104">1.85%</td> <td align="center" valign="bottom" width="186">14.79% (RVX)</td></tr>
<tr> <td valign="bottom" width="336">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="127">1065.35</td> <td align="center" valign="bottom" width="115">14.56</td> <td align="center" valign="bottom" width="119">1.39%</td> <td align="center" valign="bottom" width="104">7.46%</td> <td align="center" valign="bottom" width="186">9.16% (VXO)</td></tr>
<tr> <td valign="bottom" width="336">Crude Oil (CLN7)</td> <td align="center" valign="bottom" width="127">49.87</td> <td align="center" valign="bottom" width="115">(<span style="color: red;">1.09)</span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">-2.14%</span></td> <td align="center" valign="bottom" width="104"><span style="color: red;">-7.46%</span></td> <td align="center" valign="bottom" width="186">30.04%(OVX)</td></tr>
<tr> <td valign="bottom" width="336">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="127">4527.94</td> <td align="center" valign="bottom" width="115">199.52</td> <td align="center" valign="bottom" width="119">4.61%</td> <td align="center" valign="bottom" width="104">11.76%</td> <td align="center" valign="bottom" width="186">NA</td></tr>
<tr> <td valign="bottom" width="336">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="127">9.81</td> <td align="center" valign="bottom" width="115"><span style="color: red;">(2.23)</span></td> <td align="center" valign="bottom" width="119"><span style="color: red;">-18.52%</span></td> <td align="center" valign="bottom" width="104">NA</td> <td align="center" valign="bottom" width="186"></td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b><br /></b> <b></b> <br />
<div align="justify">
The VIX closed just above the post-financial crisis lows from earlier this month. The CBOE Short-term Volatility Index (VXST) closed at an all-time low on Friday. Russell Rhoads, CBOE VIX guru, points out the low VIX levels are not accompanied by SKEW in the 150’s. </div>
<div align="justify">
Usually, SKEW is inversely related to low VIX levels. The current SKEW shows a lack of concern for tail risk despite the low VIX. There appears to be a lack of near-term fear about economic and political turmoil.</div>
<div align="justify">
<br /></div>
<b></b> <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 990px;"> <tbody>
<tr> <td align="center" valign="bottom" width="334"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="104"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="102"><b><u>26-May</u></b></td> <td align="center" valign="bottom" width="141"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="154"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="154"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="334">CBOE Volatility Index</td> <td align="center" valign="bottom" width="104">VIX</td> <td align="center" valign="bottom" width="102">9.81</td> <td align="center" valign="bottom" width="141">12.04</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(2.23)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-18.52%</span></td></tr>
<tr> <td valign="bottom" width="334">VIX June Future (6/21/2017)</td> <td align="center" valign="bottom" width="104">VXM7</td> <td align="center" valign="bottom" width="102">11.925</td> <td align="center" valign="bottom" width="140">12.725</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(0.80)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-6.29%</span></td></tr>
<tr> <td valign="bottom" width="334">VIX July Future (7/18/2017)</td> <td align="center" valign="bottom" width="104">VXN7</td> <td align="center" valign="bottom" width="102">12.925</td> <td align="center" valign="bottom" width="140">13.475</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(0.55)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-4.08%</span></td></tr>
<tr> <td valign="bottom" width="334">VIX August Future (8/18/2017)</td> <td align="center" valign="bottom" width="104">VXQ7</td> <td align="center" valign="bottom" width="102">13.775</td> <td align="center" valign="bottom" width="140">14.425</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(0.65)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-4.51%</span></td></tr>
<tr> <td valign="bottom" width="334">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="104">VXST</td> <td align="center" valign="bottom" width="102">7.60</td> <td align="center" valign="bottom" width="140">10.98</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(3.38)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-30.78%</span></td></tr>
<tr> <td valign="bottom" width="334">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="104">VXV</td> <td align="center" valign="bottom" width="102">12.44</td> <td align="center" valign="bottom" width="140">13.49</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(1.05)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-7.78</span>%</td></tr>
<tr> <td valign="bottom" width="334">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="104">VXMT</td> <td align="center" valign="bottom" width="102">14.84</td> <td align="center" valign="bottom" width="140">15.57</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(0.73)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-4.69</span>%</td></tr>
<tr> <td valign="bottom" width="334">VIX of VIX</td> <td align="center" valign="bottom" width="104">VVIX</td> <td align="center" valign="bottom" width="102">81.81</td> <td align="center" valign="bottom" width="140">87.21</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(5.40)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-6.19%</span></td></tr>
<tr> <td valign="bottom" width="334">CBOE SKEW Index</td> <td align="center" valign="bottom" width="104">SKEW</td> <td align="center" valign="bottom" width="102">125.41</td> <td align="center" valign="bottom" width="139">131.39</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(5.98)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-4.55%</span></td></tr>
<tr> <td valign="bottom" width="334"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="104"></td> <td align="center" valign="bottom" width="102"></td> <td align="center" valign="bottom" width="139"></td> <td align="center" valign="bottom" width="154"></td> <td align="center" valign="bottom" width="154"></td></tr>
<tr> <td valign="bottom" width="334">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="104">UVXY</td> <td align="center" valign="bottom" width="102">10.95</td> <td align="center" valign="bottom" width="139">12.95</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(2.00)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-15.45%</span></td></tr>
<tr> <td valign="bottom" width="334">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="104">VXX</td> <td align="center" valign="bottom" width="102">13.46</td> <td align="center" valign="bottom" width="139">14.64</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(1.18)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-8.06%</span></td></tr>
<tr> <td valign="bottom" width="334">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="104">VIXY</td> <td align="center" valign="bottom" width="102">11.22</td> <td align="center" valign="bottom" width="139">12.16</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(0.94)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-7.73%</span></td></tr>
<tr> <td valign="bottom" width="334">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="104">VXZ</td> <td align="center" valign="bottom" width="102">24.60</td> <td align="center" valign="bottom" width="139">25.08</td> <td align="center" valign="bottom" width="154"><span style="color: red;">(0.48)</span></td> <td align="center" valign="bottom" width="154"><span style="color: red;">-1.91%</span></td></tr>
<tr> <td valign="bottom" width="334"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="104"></td> <td align="center" valign="bottom" width="102"></td> <td align="center" valign="bottom" width="139"></td> <td align="center" valign="bottom" width="154"></td> <td align="center" valign="bottom" width="154"></td></tr>
<tr> <td valign="bottom" width="334">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="104">SVXY</td> <td align="center" valign="bottom" width="102">153.49</td> <td align="center" valign="bottom" width="139">142.40</td> <td align="center" valign="bottom" width="154">11.09</td> <td align="center" valign="bottom" width="154">7.79%</td></tr>
<tr> <td valign="bottom" width="334">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="104">XIV</td> <td align="center" valign="bottom" width="102">79.54</td> <td align="center" valign="bottom" width="139">73.67</td> <td align="center" valign="bottom" width="154">5.87</td> <td align="center" valign="bottom" width="154">7.97%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> <b></b> <br />
<div align="justify">
It will be a very heavy week for economic news. The week starts with markets closed for Memorial Day in the U.S., and ends with the U.S. Employment Situation report. In between, we get a wide range of employment reports and indexes <b><u>plus</u></b> Consumer Spending, the S&P CoreLogic Case-Shiller Home Price Index, and International Trade.</div>
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<br /></div>
<div align="justify">
This earnings season is winding down. It has been a strong earnings season. 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. Earnings highlights include g-III Apparel, Michael Kors Holdings, Vera Bradley, Analog Devices, Dollar General, Ciena, and Broadcom,</div>
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<br /></div>
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“Sometimes paranoia is just having all the facts.” – William S. Burroughs</div>
<div align="center">
<br /></div>
<div align="center">
“The secret of life is to have no fear; </div>
<div align="center">
it's the only way to function.” - Stokely Carmichael</div>
<div align="center">
<br /></div>
<div align="center">
“All media exist to invest our lives with artificial perceptions and arbitrary values.” - Marshall McLuhan</div>
<div align="center">
<br /></div>
<div align="center">
“The key to risk management is never putting yourself in a position where you cannot live to fight another day.” - Dick Fuld</div>
<div align="center">
<br /></div>
<strong></strong> <br />
<strong></strong> <br />
<b><u>Monday May 29:</u></b><br />
<b><u></u></b> <br />
<b>US Holiday – Memorial Day – Markets Closed</b> <br />
<b><br /></b> <strong></strong> <br />
International Economic: Japan Household Spending and Unemployment Rate – 7:30PM.<br />
<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 751px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="113"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="96"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="112"><b><u>5/26 Close</u></b></td>
<td align="center" valign="bottom" width="106"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="122"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="101"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="93"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="113">RYAAY</td>
<td align="center" valign="bottom" width="95">BMO</td>
<td align="center" valign="bottom" width="112">$106.22</td>
<td align="center" valign="bottom" width="107">255,745</td>
<td align="center" valign="bottom" width="122">3.11%</td>
<td align="center" valign="bottom" width="101">$101.90</td>
<td align="center" valign="bottom" width="92">$97.03</td></tr>
<tr>
<td align="center" valign="bottom" width="113">TTM</td>
<td align="center" valign="bottom" width="95">BMO</td>
<td align="center" valign="bottom" width="112">$37.07</td>
<td align="center" valign="bottom" width="108">1,405,530</td>
<td align="center" valign="bottom" width="123">7.33%</td>
<td align="center" valign="bottom" width="101">$35.18</td>
<td align="center" valign="bottom" width="93">$35.09 </td></tr>
</tbody></table>
<b><u></u></b> <br />
<div align="justify">
<br /></div>
<div align="justify">
<b><u>Tuesday Monday May 30:</u></b></div>
<div align="justify">
Economic: Personal Income and Outlays – 8:30, S&P Corelogic Case-Shiller HPI -9:00, State Street Investor Confidence Index – 10:00, Dallas Fed Manufacturing Survey – 10:30.</div>
<div align="justify">
<br /></div>
<div align="justify">
</div>
<div align="justify">
International Economic: France GDP – 2:45AM, Eurozone Economic Sentiment – 5:00AM, Germany CPI - 8:00AM, Japan Industrial Production – 7:50PM, China CFLP Manufacturing PMI = 9:00PM.</div>
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<br /></div>
<div align="justify">
</div>
<div align="justify">
Earnings:</div>
<table border="4" cellpadding="0" cellspacing="0" style="width: 749px;"> <tbody>
<tr> <td align="center" valign="bottom" width="128"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="73"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="106"><b><u>5/26 Close</u></b></td> <td align="center" valign="bottom" width="114"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="118"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="98"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="104"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="128">ADI</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$82.81</td> <td align="center" valign="bottom" width="114">3,287,900</td> <td align="center" valign="bottom" width="118">2.71%</td> <td align="center" valign="bottom" width="98">$81.27</td> <td align="center" valign="bottom" width="104">$78.80</td></tr>
<tr> <td align="center" valign="bottom" width="128">KORS</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$36.76</td> <td align="center" valign="bottom" width="114">2,043,180</td> <td align="center" valign="bottom" width="118">5.29%</td> <td align="center" valign="bottom" width="98">$36.41</td> <td align="center" valign="bottom" width="104">$37.17</td></tr>
<tr> <td align="center" valign="bottom" width="128">OLLI</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$41.70</td> <td align="center" valign="bottom" width="114">597,864</td> <td align="center" valign="bottom" width="118">3.24%</td> <td align="center" valign="bottom" width="98">$40.30</td> <td align="center" valign="bottom" width="104">$39.59</td></tr>
<tr> <td align="center" valign="bottom" width="128">PANW</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$118.08</td> <td align="center" valign="bottom" width="114">2,227,790</td> <td align="center" valign="bottom" width="118">12.80%</td> <td align="center" valign="bottom" width="98">$117.19</td> <td align="center" valign="bottom" width="104">$114.72</td></tr>
<tr> <td align="center" valign="bottom" width="128">SMTC</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$37.10</td> <td align="center" valign="bottom" width="114">488,458</td> <td align="center" valign="bottom" width="118">2.13%</td> <td align="center" valign="bottom" width="98">$36.22</td> <td align="center" valign="bottom" width="104">$35.27</td></tr>
<tr> <td align="center" valign="bottom" width="128">VAL</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$112.99</td> <td align="center" valign="bottom" width="115">867,747</td> <td align="center" valign="bottom" width="118">0.16%</td> <td align="center" valign="bottom" width="99">$112.22</td> <td align="center" valign="bottom" width="104">$112.32</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u><br /></u></strong> <strong><u>Wednesday</u></strong><b><u> May 31:</u></b><br />
<strong></strong> <br />
<div align="justify">
Economic: MBA Mortgage Applications – 7:00, Redbook – 8:55, Chicago PMI – 9:45, Pending Home Sales Index – 10:00, Beige Book – 2:00, Farm Prices – 3:00.</div>
<div align="justify">
<br /></div>
<div align="justify">
International Economic: Germany Retail Sales – 2:00AM, France PPI, Germany Unemployment Rate – 3:55AM, Eurozone Unemployment Rate - 5:00AM, Japan PMI Manufacturing Index – 8:30PM.</div>
<div align="justify">
<br /></div>
<div align="justify">
</div>
<div align="justify">
Other: Dallas Federal Reserve Bank President Robert Kaplan to participate in a moderated Q&A session with audience and media at the C. Peter McColough Series on International Economics in New York City – 800AM, San Francisco Federal Reserve Bank President John Williams to speak at The Bank of Korea International Conference 2017: Global Economic and Financial Challenges: The Decade Ahead in Seoul, with media and audience Q&A – 7:30PM.</div>
<div align="justify">
<br /></div>
<div align="justify">
</div>
<div align="justify">
Earnings:</div>
<table border="4" cellpadding="0" cellspacing="0" style="width: 744px;"> <tbody>
<tr> <td align="center" valign="bottom" width="115"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="71"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="104"><b><u>5/26 Close</u></b></td> <td align="center" valign="bottom" width="119"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="127"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="101"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="99"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="115">AVGO</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$241.21</td> <td align="center" valign="bottom" width="119">2,361,800</td> <td align="center" valign="bottom" width="127">3.57%</td> <td align="center" valign="bottom" width="101">$237.92</td> <td align="center" valign="bottom" width="99">$228.88</td></tr>
<tr> <td align="center" valign="bottom" width="115">COO</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$217.46</td> <td align="center" valign="bottom" width="119">380,447</td> <td align="center" valign="bottom" width="127">1.44%</td> <td align="center" valign="bottom" width="101">$214.06</td> <td align="center" valign="bottom" width="99">$208.60</td></tr>
<tr> <td align="center" valign="bottom" width="115">DCI</td> <td align="center" valign="bottom" width="71">BMO</td> <td align="center" valign="bottom" width="104">$46.68</td> <td align="center" valign="bottom" width="119">508,991</td> <td align="center" valign="bottom" width="127">7.10%</td> <td align="center" valign="bottom" width="101">$46.72</td> <td align="center" valign="bottom" width="99">$46.31</td></tr>
<tr> <td align="center" valign="bottom" width="115">DG</td> <td align="center" valign="bottom" width="71">BMO</td> <td align="center" valign="bottom" width="104">$72.32</td> <td align="center" valign="bottom" width="119">2,877,090</td> <td align="center" valign="bottom" width="127">4.78%</td> <td align="center" valign="bottom" width="101">$71.46</td> <td align="center" valign="bottom" width="99">$71.91</td></tr>
<tr> <td align="center" valign="bottom" width="115">FIVE</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$52.63</td> <td align="center" valign="bottom" width="119">1,163,250</td> <td align="center" valign="bottom" width="127">5.97%</td> <td align="center" valign="bottom" width="101">$52.12</td> <td align="center" valign="bottom" width="99">$50.37</td></tr>
<tr> <td align="center" valign="bottom" width="115">GWRE</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$67.73</td> <td align="center" valign="bottom" width="119">385,908</td> <td align="center" valign="bottom" width="127">2.62%</td> <td align="center" valign="bottom" width="101">$63.50</td> <td align="center" valign="bottom" width="99">$63.76</td></tr>
<tr> <td align="center" valign="bottom" width="115">JOY</td> <td align="center" valign="bottom" width="71">BMO</td> <td align="center" valign="bottom" width="104">$28.30</td> <td align="center" valign="bottom" width="119">1,114,410</td> <td align="center" valign="bottom" width="127">0.12%</td> <td align="center" valign="bottom" width="101">$28.25</td> <td align="center" valign="bottom" width="99">$28.21</td></tr>
<tr> <td align="center" valign="bottom" width="115">LULU</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$48.23</td> <td align="center" valign="bottom" width="119">3,858,690</td> <td align="center" valign="bottom" width="127">12.79%</td> <td align="center" valign="bottom" width="101">$49.32</td> <td align="center" valign="bottom" width="99">$51.84</td></tr>
<tr> <td align="center" valign="bottom" width="115">MBLY</td> <td align="center" valign="bottom" width="71">BMO</td> <td align="center" valign="bottom" width="104">$61.80</td> <td align="center" valign="bottom" width="119">5,931,020</td> <td align="center" valign="bottom" width="127">2.59%</td> <td align="center" valign="bottom" width="101">$61.78</td> <td align="center" valign="bottom" width="99">$61.70</td></tr>
<tr> <td align="center" valign="bottom" width="115">RH</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$57.81</td> <td align="center" valign="bottom" width="119">1,773,290</td> <td align="center" valign="bottom" width="127">16.53%</td> <td align="center" valign="bottom" width="101">$57.58</td> <td align="center" valign="bottom" width="99">$53.65</td></tr>
<tr> <td align="center" valign="bottom" width="115">TECD</td> <td align="center" valign="bottom" width="71">BMO</td> <td align="center" valign="bottom" width="104">$94.66</td> <td align="center" valign="bottom" width="119">427,206</td> <td align="center" valign="bottom" width="127">5.06%</td> <td align="center" valign="bottom" width="101">$93.70</td> <td align="center" valign="bottom" width="99">$94.95</td></tr>
<tr> <td align="center" valign="bottom" width="115">VMW</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$96.81</td> <td align="center" valign="bottom" width="119">1,205,560</td> <td align="center" valign="bottom" width="127">6.26%</td> <td align="center" valign="bottom" width="101">$94.61</td> <td align="center" valign="bottom" width="99">$93.96</td></tr>
<tr> <td align="center" valign="bottom" width="115">WDAY</td> <td align="center" valign="bottom" width="71">AMC</td> <td align="center" valign="bottom" width="104">$99.99</td> <td align="center" valign="bottom" width="119">1,536,100</td> <td align="center" valign="bottom" width="127">7.58%</td> <td align="center" valign="bottom" width="102">$97.71</td> <td align="center" valign="bottom" width="100">$93.12</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong><u></u></strong> <br />
<strong><u>Thursday </u></strong><b><u>June 1:</u></b><br />
<b><u></u></b> <br />
<div align="justify">
Economic: Motor Vehicle Sales, Chain Store Sales, Challenger Job-Cut Report – 7:30, ADP Employment Report - 8:15, Weekly Jobless Claims – 8:30, Productivity and Costs – 8:30, Gallup Good Jobs Rate – 8:30, PMI Manufacturing Index – 9:45, Bloomberg Consumer Confidence – 9:45, ISM Manufacturing Index – 10:00, Construction Spending – 10:00, EIA Natural Gas Report – 10:30, EIA Petroleum Status Report – 11:00, Money Supply – 4:30.</div>
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<br /></div>
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International Economic: Germany PMI Manufacturing Index – 3:55AM, Eurozone PMI Manufacturing Index – 4:00SM</div>
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<br /></div>
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Earnings: None meeting criteria.</div>
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<br /></div>
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Friday</u></strong><b><u> June 2:</u></b><br />
<b><u></u></b> <br />
<div align="justify">
Economic: Employment Situation – 8:30, International Trade – 8:30, Baker Hughes Rig Count – 1:00.</div>
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<br /></div>
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</div>
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International Economic: Eurozone PPI – 5:00AM.</div>
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<br /></div>
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</div>
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Earnings: None meeting criteria.</div>
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<br /></div>
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</div>
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</div>
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</div>
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<span style="color: black;"><a href="https://draft.blogger.com/null" name="_Hlk483140984"></a><a href="https://draft.blogger.com/null" name="_Hlk480626961"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a><u><strong>Monday June 5:</strong></u></span></div>
<div align="justify">
<u></u> </div>
<div align="justify">
Economic: Gallup US Consumer Spending Measure – 8:30, PMI Services – 9:56. Factory Orders – 10:00, ISM Non-Manufacturing Index – 10:00, Labor Market Conditions Index = 10:00, TD Ameritrade IMX – 12:30</div>
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<br /></div>
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</div>
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International Economic: No major announcements.</div>
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<br /></div>
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</div>
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Earnings:</div>
<table border="4" cellpadding="0" cellspacing="0" style="width: 746px;"> <tbody>
<tr> <td align="center" valign="bottom" width="115"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="76"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="106"><b><u>5/26 Close</u></b></td> <td align="center" valign="bottom" width="122"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="133"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="83"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="103"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="115">CASY</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="106">$115.78</td> <td align="center" valign="bottom" width="122">505,433</td> <td align="center" valign="bottom" width="133">3.57%</td> <td align="center" valign="bottom" width="83">$114.47</td> <td align="center" valign="bottom" width="103">$113.30</td></tr>
<tr> <td align="center" valign="bottom" width="115">THO</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="106">$91.40</td> <td align="center" valign="bottom" width="122">835,078</td> <td align="center" valign="bottom" width="133">7.83%</td> <td align="center" valign="bottom" width="83">$93.33</td> <td align="center" valign="bottom" width="103">$94.37</td></tr>
</tbody></table>
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<br />
<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-55915359575925565832017-05-22T11:13:00.001-05:002017-05-22T11:28:09.845-05:00Market News for the Prepared Mind: 5.22.2017 – 5.29.2017<br />
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
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<br /></div>
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“Everything is contingent, and there is also chaos.” Spalding Gray</div>
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<br /></div>
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“Chaos is a friend of mine.” - Bob Dylan</div>
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<br /></div>
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“Does not everything depend on our interpretation of the silence around us?” – Lawrence Durrell</div>
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<br /></div>
<div align="justify">
The blog will focus on numbers and “facts.” This is a very frustrating market. My trading discipline is the result of thirty years of daily immersion in equities and their derivative markets. The major variables have always been price movement, volatility, volume, market trends and news This is year has a new variable has been added. Every decision I make is tempered by the unknown variable – a wild card. This unpredictability arises from the, often contradictory, statements of Donald Trump. This will be, yet, another week when where I have to try and define the impact of the unknown variable. Be wary, be nimble.</div>
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<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 996px;"> <tbody>
<tr> <td align="center" valign="bottom" width="347"><a href="https://www.blogger.com/null" name="_Hlk478791299"><b><u>Index</u></b></a></td> <td align="center" valign="bottom" width="129"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="104"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="121"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="109"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="178"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="347">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="129">20,804.84</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(91.77)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-0.44%</span></td> <td align="center" valign="bottom" width="109">5.27%</td> <td align="center" valign="bottom" width="178">11.09% (VXD)</td></tr>
<tr> <td valign="bottom" width="347">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="129">2,381.72</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(8.28)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-0.35%</span></td> <td align="center" valign="bottom" width="109">6.41%</td> <td align="center" valign="bottom" width="178">12.04% (VIX)</td></tr>
<tr> <td valign="bottom" width="347">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="129">5,651.56</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(35.25)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-0.62%</span></td> <td align="center" valign="bottom" width="109">16.20%</td> <td align="center" valign="bottom" width="178">13.86% (VXN)</td></tr>
<tr> <td valign="bottom" width="347">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="129">1,367.33</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(15.44)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-1.12%</span></td> <td align="center" valign="bottom" width="109">0.75%</td> <td align="center" valign="bottom" width="178">16.84% (RVX)</td></tr>
<tr> <td valign="bottom" width="347">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="129">1050.79</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(6.02)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-0.57%</span></td> <td align="center" valign="bottom" width="109">5.99%</td> <td align="center" valign="bottom" width="178">11.07% (VXO)</td></tr>
<tr> <td valign="bottom" width="347">Crude Oil (CLN7)</td> <td align="center" valign="bottom" width="129">50.96</td> <td align="center" valign="bottom" width="104"><span style="color: red;">3.14</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">6.57%</span></td> <td align="center" valign="bottom" width="109"><span style="color: red;">-5.44%</span></td> <td align="center" valign="bottom" width="178">33.72%(OVX)</td></tr>
<tr> <td valign="bottom" width="347">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="129">4328.42</td> <td align="center" valign="bottom" width="104"><span style="color: red;">(64.86)</span></td> <td align="center" valign="bottom" width="121"><span style="color: red;">-1.48%</span></td> <td align="center" valign="bottom" width="109">6.84%</td> <td align="center" valign="bottom" width="178">NA</td></tr>
<tr> <td valign="bottom" width="347">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="129">12.04</td> <td align="center" valign="bottom" width="104">1.64</td> <td align="center" valign="bottom" width="121">15.77%</td> <td align="center" valign="bottom" width="109">NA</td> <td align="center" valign="bottom" width="178"></td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b><br /></b>
<b></b> <br />
VIX futures show little change at the end of the week despite the S&P 500 have its largest downward swoon of the year. The unknown variable on Pennsylvania Avenue is forcing traders to be very nimble.<br />
<br />
Here is an overview of last week for the VIX and related products:<br />
<b></b> <table border="4" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="441"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="107"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="101"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="95"><b><u>12-May</u></b></td> <td align="center" valign="bottom" width="100"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="143"><b><u>% Change</u></b></td></tr>
<tr> <td width="441">CBOE Volatility Index</td> <td align="center" valign="bottom" width="107">VIX</td> <td align="center" valign="bottom" width="101">12.04</td> <td align="center" valign="bottom" width="95">10.40</td> <td align="center" valign="bottom" width="100">1.64</td> <td align="center" valign="bottom" width="143">15.77%</td></tr>
<tr> <td width="441">VIX June Future (6/21/2017)</td> <td align="center" valign="bottom" width="107">VXM7</td> <td align="center" valign="bottom" width="101">12.725</td> <td align="center" valign="bottom" width="95">12.425</td> <td align="center" valign="bottom" width="100">0.30</td> <td align="center" valign="bottom" width="143">2.41%</td></tr>
<tr> <td width="441">VIX July Future (7/18/2017)</td> <td align="center" valign="bottom" width="107">VXN7</td> <td align="center" valign="bottom" width="101">13.475</td> <td align="center" valign="bottom" width="95">13.625</td> <td align="center" valign="bottom" width="100"><span style="color: red;">(0.15)</span></td> <td align="center" valign="bottom" width="143"><span style="color: red;">-1.10%</span></td></tr>
<tr> <td width="441">VIX August Future (8/18/2017)</td> <td align="center" valign="bottom" width="107">VXQ7</td> <td align="center" valign="bottom" width="101">14.425</td> <td align="center" valign="bottom" width="95">14.175</td> <td align="center" valign="bottom" width="100">0.25</td> <td align="center" valign="bottom" width="143">1.76%</td></tr>
<tr> <td width="441">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="107">VXST</td> <td align="center" valign="bottom" width="101">10.98</td> <td align="center" valign="bottom" width="95">9.40</td> <td align="center" valign="bottom" width="100">1.58</td> <td align="center" valign="bottom" width="143">16.81%</td></tr>
<tr> <td width="441">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="107">VXV</td> <td align="center" valign="bottom" width="101">13.49</td> <td align="center" valign="bottom" width="95">12.97</td> <td align="center" valign="bottom" width="100">0.52</td> <td align="center" valign="bottom" width="143">4.01%</td></tr>
<tr> <td width="441">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="107">VXMT</td> <td align="center" valign="bottom" width="101">15.57</td> <td align="center" valign="bottom" width="95">15.10</td> <td align="center" valign="bottom" width="100">0.47</td> <td align="center" valign="bottom" width="143">3.11%</td></tr>
<tr> <td width="441">VIX of VIX</td> <td align="center" valign="bottom" width="107">VVIX</td> <td align="center" valign="bottom" width="101">87.21</td> <td align="center" valign="bottom" width="95">82.50</td> <td align="center" valign="bottom" width="100">4.71</td> <td align="center" valign="bottom" width="143">5.71%</td></tr>
<tr> <td width="441">CBOE SKEW Index</td> <td align="center" valign="bottom" width="107">SKEW</td> <td align="center" valign="bottom" width="101">131.39</td> <td align="center" valign="bottom" width="95">128.21</td> <td align="center" valign="bottom" width="100">3.18</td> <td align="center" valign="bottom" width="143">2.48%</td></tr>
<tr> <td width="441"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="107"></td> <td align="center" valign="bottom" width="101"></td> <td align="center" valign="bottom" width="95"></td> <td align="center" valign="bottom" width="100"></td> <td align="center" valign="bottom" width="143"></td></tr>
<tr> <td width="441">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="107">UVXY</td> <td align="center" valign="bottom" width="101">12.95</td> <td align="center" valign="bottom" width="95">12.41</td> <td align="center" valign="bottom" width="100">0.54</td> <td align="center" valign="bottom" width="143">4.36%</td></tr>
<tr> <td width="441">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="107">VXX</td> <td align="center" valign="bottom" width="101">14.64</td> <td align="center" valign="bottom" width="95">14.04</td> <td align="center" valign="bottom" width="100">0.60</td> <td align="center" valign="bottom" width="143">4.27%</td></tr>
<tr> <td width="441">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="107">VIXY</td> <td align="center" valign="bottom" width="101">12.16</td> <td align="center" valign="bottom" width="95">11.72</td> <td align="center" valign="bottom" width="100">0.44</td> <td align="center" valign="bottom" width="143">3.75%</td></tr>
<tr> <td width="441">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="107">VXZ</td> <td align="center" valign="bottom" width="101">25.08</td> <td align="center" valign="bottom" width="95">24.91</td> <td align="center" valign="bottom" width="100">0.17</td> <td align="center" valign="bottom" width="143">0.68%</td></tr>
<tr> <td width="441"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="107"></td> <td align="center" valign="bottom" width="101"></td> <td align="center" valign="bottom" width="95"></td> <td align="center" valign="bottom" width="100"></td> <td align="center" valign="bottom" width="143"></td></tr>
<tr> <td width="441">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="107">SVXY</td> <td align="center" valign="bottom" width="101">142.40</td> <td align="center" valign="bottom" width="95">154.45</td> <td align="center" valign="bottom" width="100"><span style="color: red;">(12.05)</span></td> <td align="center" valign="bottom" width="143"><span style="color: red;">-7.80%</span></td></tr>
<tr> <td width="441">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="107">XIV</td> <td align="center" valign="bottom" width="101">73.67</td> <td align="center" valign="bottom" width="95">79.85</td> <td align="center" valign="bottom" width="100"><span style="color: red;">(6.18)</span></td> <td align="center" valign="bottom" width="143"><span style="color: red;">-7.74%</span></td></tr>
</tbody></table>
<br />
<b><span style="color: red;">Data Source: OptionVue8</span></b> <br />
<b></b> <br />
<div style="text-align: justify;">
The last full week of May brings reports on existing home sales, new home sales, and durable goods. In addition, the Fed will release the minutes of its last meeting. However, the focus will be in the chaos and disorganization inside the Beltway.</div>
<br />
<div style="text-align: justify;">
It has been a strong earnings season. 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. Earnings highlights include Nordson, Agilent, Toll Brothers, Autozone, intuit, Eaton Vance, Advance Auto Parts, Tiffany, HP, Guess?, Williams Sonoma, Lowe’s, Dollar Tree, Hormel Foods, Gamestop, Medtronic , Ulta Beauty, Toro, Costco, Best Buy and Big Lots.</div>
<div style="text-align: justify;">
<br /></div>
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
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“I like an element of chaos in music. That feeling is the best thing ever, </div>
<div align="center">
as long as you don't have too much of it.” - Jeff Beck</div>
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<br /></div>
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“The aim of education is the knowledge, not of facts, </div>
<div align="center">
but of values.” - William S. Burroughs</div>
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<br /></div>
<div align="center">
“All media exist to invest our lives with artificial perceptions </div>
<div align="center">
and arbitrary values.” - Marshall McLuhan</div>
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<br /></div>
<strong></strong> <br />
<strong></strong> <br />
<b><u>Monday May 22:</u></b> <br />
<b><u><br /></u></b>
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Chicago Fed National Activity Index – 8:30.<br />
<br />
<br />
International Economic: Japan All Industry Index – 1:30AM.<br />
<br />
<div align="justify">
Other: Minneapolis Federal Reserve Bank President Neel Kashkari will deliver welcoming remarks at the Opportunity and Inclusive Growth Institute Conference in Minneapolis – 10:00AM, Philadelphia Federal Reserve Bank President Patrick Harker to discuss "the Link Between Physical and Economic Wellbeing" at the Jefferson College of Health Professions and Jefferson College of Pharmacy Commencement Ceremony in Philadelphia – 10:00AM, Minneapolis Federal Reserve Bank President Neel Kashkari to participate in a media Q&A at the Opportunity and Inclusive Growth Institute Conference in Minneapolis – 6:45PM, Federal Reserve Governor Lael Brainard will deliver the dinner keynote speech at the Opportunity & Inclusive Growth Institute Conference in Minneapolis – 7:00PM, Federal Reserve Governor Lael Brainard will speak about "The Roles of Opportunity and Inclusion in Strengthening the U.S. Economy" at the Federal Reserve Bank of Minneapolis conference on Opportunity and Inclusive Growth in Minneapolis, with audience Q&A – 7:30PM, Chicago Federal Reserve Bank President Charles Evans will speak at the Symposium on OTC Derivatives - 58th Shanghai Clearing House Forum on Policy and Practice-Default Management, a private event closed to the media, but remarks are to be posted at the Chicago Fed.org website, in Shanghai China – 9:10PM.</div>
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<br /></div>
<br />
Earnings:<table border="4" cellspacing="0" style="width: 751px;"> <tbody>
<tr> <td align="center" valign="bottom" width="144"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="109"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="127"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="118"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="122"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="123"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="144">A</td> <td align="center" valign="bottom" width="109">AMC</td> <td align="center" valign="bottom" width="127">$56.13</td> <td align="center" valign="bottom" width="119">2.93%</td> <td align="center" valign="bottom" width="122">$56.36</td> <td align="center" valign="bottom" width="124">$55.34</td></tr>
</tbody></table>
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<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<b><u>Tuesday May 23:</u></b> <br />
<b><u><br /></u></b>
<strong></strong> <br />
Economic: Redbook – 8:55<a href="https://www.blogger.com/null" name="_Hlk480133279">, New Home sales – 10:00, Richmond Fed Manufacturing Index – 10:00.</a> <br />
<a href="https://www.blogger.com/null" name="_Hlk480133279"><br /></a>
<br />
International Economic: Japan All Industry Index – 12:30AM, Germany GDP – 2:00AM, Germany PMI Composite Flash – 3:30AM, Eurozone PMI Composite Flash – 4:00AM.<br />
<br />
<br />
<div style="text-align: justify;">
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to participate in in a conversation about "Homeownership in Indian Country" at the CICD Roundtable - A Conversation about Building Economic Well-Being for Native Communities through Homeownership, in Minneapolis - 3:15PM, Philadelphia Federal Reserve Bank President Patrick Harker to give a presentation, with audience and Q&A in New York – 5:00PM.</div>
<div style="text-align: justify;">
<br /></div>
<strong></strong> <br />
<a href="https://www.blogger.com/null" name="_Hlk480275954">Earnings: </a> <table border="4" cellpadding="0" cellspacing="0" style="width: 718px;"> <tbody>
<tr> <td align="center" valign="bottom" width="136"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="103"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="118"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="120"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="113"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="120"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="142">MOMO</td> <td align="center" valign="bottom" width="107">BMO</td> <td align="center" valign="bottom" width="121">$43.58</td> <td align="center" valign="bottom" width="123">10.44%</td> <td align="center" valign="bottom" width="115">$39.87</td> <td align="center" valign="bottom" width="122">$40.06</td></tr>
<tr> <td align="center" valign="bottom" width="144">TOL</td> <td align="center" valign="bottom" width="108">BMO</td> <td align="center" valign="bottom" width="122">$37.84</td> <td align="center" valign="bottom" width="124">7.37%</td> <td align="center" valign="bottom" width="116">$37.16</td> <td align="center" valign="bottom" width="123">$36.48</td></tr>
<tr> <td align="center" valign="bottom" width="145">INTU</td> <td align="center" valign="bottom" width="108">AMC</td> <td align="center" valign="bottom" width="123">$125.38</td> <td align="center" valign="bottom" width="124">2.81%</td> <td align="center" valign="bottom" width="117">$126.52</td> <td align="center" valign="bottom" width="123">$121.63</td></tr>
<tr> <td align="center" valign="bottom" width="145">TTWO</td> <td align="center" valign="bottom" width="108">AMC</td> <td align="center" valign="bottom" width="123">$67.58</td> <td align="center" valign="bottom" width="124">3.24%</td> <td align="center" valign="bottom" width="118">$67.56</td> <td align="center" valign="bottom" width="123">$63.95</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u><br /></u></strong>
<strong><u>Wednesday</u></strong><b><u> May 24:<strong></strong></u></b> <br />
<b><u><br /></u></b>
<strong></strong> <br />
<div align="justify">
Economic: MBA Mortgage Applications – 7:00, FHFA House Price Index – 9:00, PMI Composite Flash - 9:45, Existing Home Sales – 10:00, EIA Petroleum Status Report – 10:30, FOMC Minutes – 2:00.</div>
<div align="justify">
<br /></div>
<a href="https://www.blogger.com/null" name="_Hlk479355929">International Economic: </a>No major announcements.<br />
<br />
<br />
<div align="justify">
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to speak at the Town Hall Forum in Ashland, Wisconsin, with audience Q&A – 6:00PM, Philadelphia Federal Reserve Bank President Patrick Harker to give a presentation, with audience and Q&A in New York – 5:00PM.</div>
<div align="justify">
<br /></div>
<br />
Earnings:<table border="4" cellpadding="0" cellspacing="0" style="width: 751px;"> <tbody>
<tr> <td align="center" valign="bottom" width="127"><b><u>SYMBOL</u></b></td> <td valign="bottom" width="94"><b><u>B/A</u></b></td> <td valign="bottom" width="124"><b><u>19-May</u></b></td> <td valign="bottom" width="123"><b><u>MEAN</u></b></td> <td valign="bottom" width="134"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="141"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="127">AAP</td> <td valign="bottom" width="94">BMO</td> <td valign="bottom" width="124">$151.47</td> <td valign="bottom" width="123">2.31%</td> <td valign="bottom" width="134">$145.94</td> <td align="center" valign="bottom" width="141">$144.51</td></tr>
<tr> <td align="center" valign="bottom" width="127">DY</td> <td valign="bottom" width="94">BMO</td> <td valign="bottom" width="124">$106.58</td> <td valign="bottom" width="123">15.55%</td> <td valign="bottom" width="134">$107.62</td> <td align="center" valign="bottom" width="141">$101.44</td></tr>
<tr> <td align="center" valign="bottom" width="127">EV</td> <td valign="bottom" width="94">BMO</td> <td valign="bottom" width="124">$44.88</td> <td valign="bottom" width="123">2.29%</td> <td valign="bottom" width="134">$44.48</td> <td align="center" valign="bottom" width="141">$43.90</td></tr>
<tr> <td align="center" valign="bottom" width="127">LOW</td> <td valign="bottom" width="94">BMO</td> <td valign="bottom" width="124">$84.59</td> <td valign="bottom" width="123">4.47%</td> <td valign="bottom" width="134">$85.18</td> <td align="center" valign="bottom" width="141">$83.65</td></tr>
<tr> <td align="center" valign="bottom" width="127">TIF</td> <td valign="bottom" width="94">BMO</td> <td valign="bottom" width="124">$92.92</td> <td valign="bottom" width="123">2.92%</td> <td valign="bottom" width="134">$92.16</td> <td align="center" valign="bottom" width="141">$92.00</td></tr>
<tr> <td align="center" valign="bottom" width="127">CPRT</td> <td valign="bottom" width="94">AMC</td> <td valign="bottom" width="124">$29.31</td> <td valign="bottom" width="123">4.26%</td> <td valign="bottom" width="134">$30.00</td> <td align="center" valign="bottom" width="141">$30.25</td></tr>
<tr> <td align="center" valign="bottom" width="127">CSRA</td> <td valign="bottom" width="94">AMC</td> <td valign="bottom" width="124">$28.75</td> <td valign="bottom" width="123">6.32%</td> <td valign="bottom" width="134">$29.27</td> <td align="center" valign="bottom" width="141">$28.72</td></tr>
<tr> <td align="center" valign="bottom" width="127">NTAP</td> <td valign="bottom" width="94">AMC</td> <td valign="bottom" width="124">$39.53</td> <td valign="bottom" width="123">5.21%</td> <td valign="bottom" width="134">$40.42</td> <td align="center" valign="bottom" width="141">$40.56</td></tr>
<tr> <td align="center" valign="bottom" width="127">PVH</td> <td valign="bottom" width="94">AMC</td> <td valign="bottom" width="124">$100.41</td> <td valign="bottom" width="123">3.13%</td> <td valign="bottom" width="134">$100.83</td> <td align="center" valign="bottom" width="141">$100.92</td></tr>
<tr> <td align="center" valign="bottom" width="127">TMUS</td> <td valign="bottom" width="94">AMC</td> <td valign="bottom" width="124">$66.37</td> <td valign="bottom" width="124">2.97%</td> <td valign="bottom" width="135">$65.67</td> <td align="center" valign="bottom" width="143">$66.19</td></tr>
</tbody></table>
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<strong></strong> <br />
<strong><u></u></strong> <br />
<strong><u><br /></u></strong>
<strong><u>Thursday </u></strong><b><u>May 25:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: International Trade in Goods – 8:30, Weekly Jobless Claims – 8:30, Bloomberg Consumer Confidence – 9:45, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00, Money Supply – 4:30.<br />
International Economic: Great Britain GDP – 4:30AM.<br />
<br />
<div style="text-align: justify;">
Other: Federal Reserve Governor Lael Brainard to participate in a panel discussion on global economic issues at the Center for Global Development's Voices of Experience: A conversation with former Treasury Under Secretaries for International Affairs in Washington, with audience Q&A – 10:00AM, Dallas Federal Reserve Bank President Robert Kaplan to participate in a moderated Q&A session at the C.D. Howe Institute Annual Directors' Dinner, with audience Q&A – 6:00PM, St. Louis Federal Reserve Bank President James Bullard to present on the topic of "U.S. Economy and Monetary Policy" at Keio University in Tokyo, with audience and media Q&A – 10:00PM.</div>
<div style="text-align: justify;">
<br /></div>
Earnings:<table border="4" cellpadding="0" cellspacing="0" style="width: 749px;"> <tbody>
<tr> <td align="center" valign="bottom" width="131"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="99"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="126"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="121"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="136"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="128"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="131">BBY</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$51.33</td> <td align="center" valign="bottom" width="121">10.55%</td> <td align="center" valign="bottom" width="136">$51.45</td> <td align="center" valign="bottom" width="128">$50.35</td></tr>
<tr> <td valign="bottom" width="131">BURL</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$94.74</td> <td align="center" valign="bottom" width="121">7.05%</td> <td align="center" valign="bottom" width="136">$98.90</td> <td align="center" valign="bottom" width="128">$97.28</td></tr>
<tr> <td valign="bottom" width="131">CM</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$78.86</td> <td align="center" valign="bottom" width="121">2.38%</td> <td align="center" valign="bottom" width="136">$78.79</td> <td align="center" valign="bottom" width="128">$81.74</td></tr>
<tr> <td valign="bottom" width="131">DLTR</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$79.68</td> <td align="center" valign="bottom" width="121">9.03%</td> <td align="center" valign="bottom" width="136">$80.00</td> <td align="center" valign="bottom" width="128">$79.83</td></tr>
<tr> <td valign="bottom" width="131">HRL</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$34.83</td> <td align="center" valign="bottom" width="121">4.00%</td> <td align="center" valign="bottom" width="136">$34.41</td> <td align="center" valign="bottom" width="128">$34.65</td></tr>
<tr> <td valign="bottom" width="131">MDT</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$83.23</td> <td align="center" valign="bottom" width="121">1.80%</td> <td align="center" valign="bottom" width="136">$83.31</td> <td align="center" valign="bottom" width="128">$82.22</td></tr>
<tr> <td valign="bottom" width="131">PDCO</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$42.79</td> <td align="center" valign="bottom" width="121">3.20%</td> <td align="center" valign="bottom" width="136">$43.65</td> <td align="center" valign="bottom" width="128">$44.03</td></tr>
<tr> <td valign="bottom" width="131">RY</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$68.81</td> <td align="center" valign="bottom" width="121">1.79%</td> <td align="center" valign="bottom" width="136">$68.07</td> <td align="center" valign="bottom" width="128">$69.69</td></tr>
<tr> <td valign="bottom" width="131">SIG</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$58.65</td> <td align="center" valign="bottom" width="121">9.60%</td> <td align="center" valign="bottom" width="136">$61.62</td> <td align="center" valign="bottom" width="128">$62.92</td></tr>
<tr> <td valign="bottom" width="131">TD</td> <td valign="bottom" width="99">BMO</td> <td align="center" valign="bottom" width="126">$46.64</td> <td align="center" valign="bottom" width="121">0.37%</td> <td align="center" valign="bottom" width="136">$46.40</td> <td align="center" valign="bottom" width="128">$47.46</td></tr>
<tr> <td valign="bottom" width="131">COST</td> <td valign="bottom" width="99">AMC</td> <td align="center" valign="bottom" width="126">$171.64</td> <td align="center" valign="bottom" width="121">3.48%</td> <td align="center" valign="bottom" width="136">$172.15</td> <td align="center" valign="bottom" width="128">$175.94</td></tr>
<tr> <td valign="bottom" width="131">DECK</td> <td valign="bottom" width="99">AMC</td> <td align="center" valign="bottom" width="126">$59.01</td> <td align="center" valign="bottom" width="121">7.55%</td> <td align="center" valign="bottom" width="136">$59.72</td> <td align="center" valign="bottom" width="128">$58.95</td></tr>
<tr> <td valign="bottom" width="131">SPLK</td> <td valign="bottom" width="99">AMC</td> <td align="center" valign="bottom" width="126">$65.93</td> <td align="center" valign="bottom" width="121">2.89%</td> <td align="center" valign="bottom" width="136">$67.09</td> <td align="center" valign="bottom" width="128">$64.23</td></tr>
<tr> <td valign="bottom" width="131">ULTA</td> <td valign="bottom" width="99">AMC</td> <td align="center" valign="bottom" width="126">$294.08</td> <td align="center" valign="bottom" width="121">5.36%</td> <td align="center" valign="bottom" width="136">$296.81</td> <td align="center" valign="bottom" width="128">$288.70</td></tr>
<tr> <td valign="bottom" width="131">VEEV</td> <td valign="bottom" width="99">AMC</td> <td align="center" valign="bottom" width="126">$60.31</td> <td align="center" valign="bottom" width="121">8.42%</td> <td align="center" valign="bottom" width="136">$56.65</td> <td align="center" valign="bottom" width="128">$54.94</td></tr>
</tbody></table>
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<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u><br /></u></strong>
<strong><u>Friday</u></strong><b><u> May 26:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Durable Goods Orders – 8:30Am, GDP – 8:30, Corporate Profits – 8:30, Consumer Sentiment = 10:00Baker Hughes Rig Count – 1:00.<br />
<br />
<br />
International Economic: No major Announcements.<br />
<br />
<br />
Other: San Francisco Federal Reserve Bank President John Williams to deliver the keynote address at the Symposium on Asian Banking and Finance: Risk and Resilience in Global Finance in Singapore, with media and audience Q&A – 8:15PM,<br />
<br />
<br />
Earnings:<table border="4" cellpadding="0" cellspacing="0" style="width: 755px;"> <tbody>
<tr> <td align="center" valign="bottom" width="144"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="110"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="123"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="120"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="123"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="127"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="144">BIG</td> <td align="center" valign="bottom" width="110">BMO</td> <td align="center" valign="bottom" width="123">$47.50</td> <td align="center" valign="bottom" width="121">4.12%</td> <td align="center" valign="bottom" width="123">$48.36</td> <td align="center" valign="bottom" width="127">$48.52</td></tr>
</tbody></table>
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<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<a href="https://www.blogger.com/null" name="_Hlk481914915"><b><u><br /></u></b></a>
<a href="https://www.blogger.com/null" name="_Hlk483140984"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><a href="https://www.blogger.com/null" name="_Hlk481914915"><b><u>Monday May 29:</u></b></a> <br />
<a href="https://www.blogger.com/null" name="_Hlk481914915"><b><u><br /></u></b></a>
<b><u></u></b> <br />
<a href="https://www.blogger.com/null" name="_Hlk481905741"><b>US Holiday – Memorial Day – Markets Closed</b></a> <br />
<a href="https://www.blogger.com/null" name="_Hlk481905741"><b><br /></b></a>
<strong></strong> <br />
<a href="https://www.blogger.com/null" name="_Hlk481914954">International Economic: </a>Japan Household Spending and Unemployment Rate – 7:30PM.<br />
<br />
<strong></strong> <br />
<b><u>Tuesday May 30:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Personal Income and Outlays – 8:30, Consumer Confidence – 9:00, State Street Investor Confidence Index – 10:00, Dallas Fed Manufacturing Survey – 10:30.<br />
<br />
<br />
International Economic: France GDP – 2:45AM, Eurozone Economic Sentiment – 5:00AM, Germany CPI - 8:00AM, Japan Industrial Production – 7:50PM, China CFLP Manufacturing PMI = 9:00PM.<br />
<br />
<strong></strong> <br />
<strong>Earnings: </strong> <table border="4" cellpadding="0" cellspacing="0" style="width: 750px;"> <tbody>
<tr> <td align="center" valign="bottom" width="141"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="107"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="126"><b><u>19-May</u></b></td> <td align="center" valign="bottom" width="122"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="120"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="126"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="141">BNS</td> <td align="center" valign="bottom" width="107">BMO</td> <td align="center" valign="bottom" width="126">$55.79</td> <td align="center" valign="bottom" width="122">3.14%</td> <td align="center" valign="bottom" width="120">$55.40</td> <td align="center" valign="bottom" width="126">$56.06</td></tr>
<tr> <td align="center" valign="bottom" width="141">TTM</td> <td align="center" valign="bottom" width="107">BMO</td> <td align="center" valign="bottom" width="126">$34.45</td> <td align="center" valign="bottom" width="122">7.33%</td> <td align="center" valign="bottom" width="121">$33.51</td> <td align="center" valign="bottom" width="126">$34.20</td></tr>
</tbody></table>
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Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-87824852542142231832017-05-15T07:30:00.000-05:002017-05-22T09:20:20.722-05:00Market News for the Prepared Mind: 5.15.2017 – 5.22.2017<b><u></u></b> <br />
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur <br />
<br /></div>
<div align="center">
“There are nights when the wolves are silent and only the moon howls” – George Carlin <br />
<br /></div>
<div align="center">
“Silence is so freaking loud” – Sarah Dessen <br />
<br /></div>
<div align="center">
“Does not everything depend on our interpretation of the silence around us?” – Lawrence Durrell <br />
<br /></div>
<div align="justify">
It is quiet. This is a short entry befitting the activity of the past week. I need to channel my inner Alfred E. Neuman. His signature phrase, “What, me worry?” is easily applied to the current US equity markets. The market continues to shrug off every piece of piece of negative news. <br />
<br /></div>
<div align="justify">
Ever sell-off is a buying opportunity. The markets have become a never-ending big yawn. President Trump fires FBI Director James Comey – yawn. North Korea test intercontinental ballistic missiles and atomic bombs – yawn. Syria uses chemical weapons on their own citizens – yawn. It seems there is nothing of sufficient gravity to roil the stock markets. <br />
<br /></div>
<div align="justify">
In 2017, the Dow Jones Industrial Average has on had four moves of 1% or more in either direction. This is the lowest number of 1% moves to start a year since 1965. Volatility continues to trend lower. The markets are quiet, perhaps too quiet. In movies, silence can speak louder than any use of sound. Ignore the silence at your own risk. The lack of noise can distance a trader from the market. Listen! Remain engaged and nimble. <br />
<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="335"><a href="https://www.blogger.com/null" name="_Hlk478791299"><b><u><span style="color: black;">Index</span></u></b></a></td> <td align="center" valign="bottom" width="129"><b><u>12-May</u></b></td> <td align="center" valign="bottom" width="107"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="117"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="118"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="181"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="335">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="129">20,896.61</td> <td align="center" valign="bottom" width="107">(110.33)</td> <td align="center" valign="bottom" width="117">-0.53%</td> <td align="center" valign="bottom" width="118">5.74%</td> <td align="center" valign="bottom" width="181">10.63% (VXD)</td></tr>
<tr> <td valign="bottom" width="335">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="129">2,390.00</td> <td align="center" valign="bottom" width="107">(9.00)</td> <td align="center" valign="bottom" width="117">-0.38%</td> <td align="center" valign="bottom" width="118">6.78%</td> <td align="center" valign="bottom" width="181">10.40% (VIX)</td></tr>
<tr> <td valign="bottom" width="335">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="129">5,686.81</td> <td align="center" valign="bottom" width="107">40.72 </td> <td align="center" valign="bottom" width="117">0.72%</td> <td align="center" valign="bottom" width="118">16.93%</td> <td align="center" valign="bottom" width="181">12.30% (VXN)</td></tr>
<tr> <td valign="bottom" width="335">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="129">1,382.77</td> <td align="center" valign="bottom" width="107">(14.23)</td> <td align="center" valign="bottom" width="117">-1.02%</td> <td align="center" valign="bottom" width="118">1.89%</td> <td align="center" valign="bottom" width="181">15.78% (RVX) </td></tr>
<tr> <td valign="bottom" width="335">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="129">1056.81</td> <td align="center" valign="bottom" width="107">(4.45)</td> <td align="center" valign="bottom" width="117">-0.42%</td> <td align="center" valign="bottom" width="118">6.59%</td> <td align="center" valign="bottom" width="181">9.56% (VXO)</td></tr>
<tr> <td valign="bottom" width="335">Crude Oil (CLM7)</td> <td align="center" valign="bottom" width="129">47.82</td> <td align="center" valign="bottom" width="107">1.34 </td> <td align="center" valign="bottom" width="117">2.89%</td> <td align="center" valign="bottom" width="118">-11.26%</td> <td align="center" valign="bottom" width="181">33.72%(OVX)</td></tr>
<tr> <td valign="bottom" width="335">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="129">4393.28</td> <td align="center" valign="bottom" width="107">(61.32)</td> <td align="center" valign="bottom" width="117">-1.38%</td> <td align="center" valign="bottom" width="118">8.44%</td> <td align="center" valign="bottom" width="181">NA</td></tr>
<tr> <td valign="bottom" width="335">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="129">10.4</td> <td align="center" valign="bottom" width="107">(0.17)</td> <td align="center" valign="bottom" width="117">-1.61%</td> <td align="center" valign="bottom" width="118">NA</td> <td align="center" valign="bottom" width="181"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<b></b> <br />
Volatility is still flirting with historic lows. Russell Rhoda of the CBOE trade of the week as a as a MOAVCS (Mother of all VIX Call Spreads). On Tuesday, 195,000 bullish VIX June 30/35 call spreads were purchased for a net cost of 0.06. <br />
<br />
Here is an overview of last week for the VIX and related products: <b></b> <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 994px;"> <tbody>
<tr> <td align="center" valign="bottom" width="425"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="87"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="130"><b><u>12-May</u></b></td> <td align="center" valign="bottom" width="101"><b><u>5-May</u></b></td> <td align="center" valign="bottom" width="116"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="127"><b><u>% Change</u></b></td></tr>
<tr> <td width="425">CBOE Volatility Index</td> <td align="center" valign="bottom" width="87">VIX</td> <td align="center" valign="bottom" width="130">10.40</td> <td align="center" valign="bottom" width="101">10.57</td> <td align="center" valign="bottom" width="116">(0.17)</td> <td align="center" valign="bottom" width="127">-1.61%</td></tr>
<tr> <td width="425">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="87">VXK7</td> <td align="center" valign="bottom" width="130">11.225</td> <td align="center" valign="bottom" width="101">11.775</td> <td align="center" valign="bottom" width="116">(0.55)</td> <td align="center" valign="bottom" width="127">-4.67%</td></tr>
<tr> <td width="425">VIX June Future (6/21/2017)</td> <td align="center" valign="bottom" width="87">VXM7</td> <td align="center" valign="bottom" width="130">12.425</td> <td align="center" valign="bottom" width="101">12.675</td> <td align="center" valign="bottom" width="116">(0.25)</td> <td align="center" valign="bottom" width="127">-1.97%</td></tr>
<tr> <td width="425">VIX July Future (6/18/2017)</td> <td align="center" valign="bottom" width="87">VXN7</td> <td align="center" valign="bottom" width="130">13.625</td> <td align="center" valign="bottom" width="101">13.675</td> <td align="center" valign="bottom" width="116">(0.05)</td> <td align="center" valign="bottom" width="127">-0.37%</td></tr>
<tr> <td width="425">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="87">VXST</td> <td align="center" valign="bottom" width="130">9.40</td> <td align="center" valign="bottom" width="101">11.44</td> <td align="center" valign="bottom" width="116">(2.04)</td> <td align="center" valign="bottom" width="127">-17.83%</td></tr>
<tr> <td width="425">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="87">VXV</td> <td align="center" valign="bottom" width="130">12.97</td> <td align="center" valign="bottom" width="101">12.85</td> <td align="center" valign="bottom" width="116">0.12 </td> <td align="center" valign="bottom" width="127">0.93%</td></tr>
<tr> <td width="425">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="87">VXMT</td> <td align="center" valign="bottom" width="130">15.10</td> <td align="center" valign="bottom" width="101">14.65</td> <td align="center" valign="bottom" width="116">0.45 </td> <td align="center" valign="bottom" width="127">3.07%</td></tr>
<tr> <td width="425">VIX of VIX</td> <td align="center" valign="bottom" width="87">VVIX</td> <td align="center" valign="bottom" width="130">82.50</td> <td align="center" valign="bottom" width="101">80.65</td> <td align="center" valign="bottom" width="116">1.85 </td> <td align="center" valign="bottom" width="127">2.29%</td></tr>
<tr> <td width="425">CBOE SKEW Index</td> <td align="center" valign="bottom" width="87">SKEW</td> <td align="center" valign="bottom" width="130">128.21</td> <td align="center" valign="bottom" width="101">131.36</td> <td align="center" valign="bottom" width="116">(3.15)</td> <td align="center" valign="bottom" width="127">-2.40%</td></tr>
<tr> <td width="425"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="87"></td> <td align="center" valign="bottom" width="130"></td> <td align="center" valign="bottom" width="101"></td> <td align="center" valign="bottom" width="116"></td> <td align="center" valign="bottom" width="127"></td></tr>
<tr> <td width="425">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="87">UVXY</td> <td align="center" valign="bottom" width="130">12.41</td> <td align="center" valign="bottom" width="101">13.15</td> <td align="center" valign="bottom" width="116">(0.74)</td> <td align="center" valign="bottom" width="127">-5.63%</td></tr>
<tr> <td width="425">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="87">VXX</td> <td align="center" valign="bottom" width="130">14.04</td> <td align="center" valign="bottom" width="101">14.45</td> <td align="center" valign="bottom" width="116">(0.41)</td> <td align="center" valign="bottom" width="127">-2.84%</td></tr>
<tr> <td width="425">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="87">VIXY</td> <td align="center" valign="bottom" width="130">11.72</td> <td align="center" valign="bottom" width="101">12.05</td> <td align="center" valign="bottom" width="116">(0.33)</td> <td align="center" valign="bottom" width="127">-2.74%</td></tr>
<tr> <td width="425">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="87">VXZ</td> <td align="center" valign="bottom" width="130">24.91</td> <td align="center" valign="bottom" width="101">24.48</td> <td align="center" valign="bottom" width="116">0.43 </td> <td align="center" valign="bottom" width="127">1.76%</td></tr>
<tr> <td width="425"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="87"></td> <td align="center" valign="bottom" width="130"></td> <td align="center" valign="bottom" width="101"></td> <td align="center" valign="bottom" width="116"></td> <td align="center" valign="bottom" width="127"></td></tr>
<tr> <td width="425">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="87">SVXY</td> <td align="center" valign="bottom" width="130">154.45</td> <td align="center" valign="bottom" width="101">150.07</td> <td align="center" valign="bottom" width="116">4.38 </td> <td align="center" valign="bottom" width="127">2.92%</td></tr>
<tr> <td width="425">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="87">XIV</td> <td align="center" valign="bottom" width="130">79.85</td> <td align="center" valign="bottom" width="101">77.63</td> <td align="center" valign="bottom" width="116">2.22 </td> <td align="center" valign="bottom" width="127">2.86%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<b></b> <br />
The third week of May will be quiet – Housing Starts and Industrial Production. The wild card remains the political situation in Washington, D.C. However, chaos in D.C. does not appear to have any correlation with chaos in the markets. <br />
<br />
The earnings season is starting to wind down. The earnings highlight will be Wal-Mart Stores’ release of first quarter earnings. 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. Other earnings highlights include Staples, TJX, Home Depot, Urban Outfitters, Dick’s Sporting Goods, Synopsys, Cisco, Flowers Foods, Ross Stores, Ralph Lauren, Foot Locker, and Deere & Co. <br />
<br />
<b><u></u></b> <br />
Advice to stimulate your imagination: <br />
<br />
<div align="center">
“Patience, Grasshopper” – Master Po <br />
<br /></div>
<div align="center">
“If you do not actively attack the risks, they will actively attack you.” - Tom Gib <br />
<br /></div>
<div align="center">
“Lying is done with words, and, also, with silence.” – Adrienne Rich <br />
<br /></div>
<div align="center">
"The easy way out usually leads back in." - Peter Senge <br />
<br /></div>
<div align="center">
“Silence about a thing just magnifies it.” – Tennessee Williams <br />
<br /></div>
<strong></strong> <br />
<strong></strong> <br />
<b><u>Monday May 15:</u></b> <br />
<b><u></u></b> <br />
Economic: Empire State Manufacturing Survey – 8:30, Housing Market Index - 10:00. <br />
<br />
International Economic: China PPI and Import Price Index – 3:15AM. <br />
<br />
Earnings: <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 850px;"> <tbody>
<tr> <td align="center" valign="bottom" width="129"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="83"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="108"><b><u>5/12 Close</u></b></td> <td align="center" valign="bottom" width="122"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="97"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="103"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="103"><b><u>50% FIB</u></b></td> <td align="center" valign="bottom" width="97"><b><u>DATE</u></b></td></tr>
<tr> <td valign="bottom" width="129">NOAH</td> <td align="center" valign="bottom" width="83">AMC</td> <td align="center" valign="bottom" width="108">$25.83 </td> <td align="center" valign="bottom" width="122">195,098</td> <td align="center" valign="bottom" width="97">6.17%</td> <td align="center" valign="bottom" width="103">$25.51 </td> <td align="center" valign="bottom" width="103">$25.95 </td> <td align="center" valign="bottom" width="97">15-May</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<b><u>Tuesday May 16:</u></b> <br />
<strong></strong> <br />
Economic: Housing Starts – 8:30, Redbook - 8:55<span style="color: black;">, Industrial production – 9:15, E-Commerce Retail Sales – 10:00.</span><br />
<br />
International Economic: Japan Tertiary Index – 12:30AM, Great Britain CPI and PPI – 4:30AM, Eurozone GDP Flash and Merchandise Trade – 5:00AM. <br />
<br />
Earnings: <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 849px;"> <tbody>
<tr> <td align="center" valign="bottom" width="122"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="88"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="124"><b><u>5/12 Close</u></b></td> <td align="center" valign="bottom" width="137"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="120"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="115"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="135"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="122">DKS</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="124">$48.06 </td> <td align="center" valign="bottom" width="137">2,777,080</td> <td align="center" valign="bottom" width="120">7.76%</td> <td align="center" valign="bottom" width="115">$50.87 </td> <td align="center" valign="bottom" width="135">$50.19 </td></tr>
<tr> <td valign="bottom" width="123">HD</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$156.92 </td> <td align="center" valign="bottom" width="137">4,009,560</td> <td align="center" valign="bottom" width="120">1.75%</td> <td align="center" valign="bottom" width="115">$155.97 </td> <td align="center" valign="bottom" width="135">$151.96 </td></tr>
<tr> <td valign="bottom" width="123">MMYT</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$38.00 </td> <td align="center" valign="bottom" width="137">404,490</td> <td align="center" valign="bottom" width="120">1.06%</td> <td align="center" valign="bottom" width="115">$38.02 </td> <td align="center" valign="bottom" width="135">$37.42 </td></tr>
<tr> <td valign="bottom" width="123">SSYS</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$29.96 </td> <td align="center" valign="bottom" width="137">790,366</td> <td align="center" valign="bottom" width="120">6.82%</td> <td align="center" valign="bottom" width="115">$26.83 </td> <td align="center" valign="bottom" width="135">$24.91 </td></tr>
<tr> <td valign="bottom" width="123">TJX</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$77.31 </td> <td align="center" valign="bottom" width="137">3,715,510</td> <td align="center" valign="bottom" width="120">1.86%</td> <td align="center" valign="bottom" width="115">$78.97 </td> <td align="center" valign="bottom" width="135">$78.36 </td></tr>
<tr> <td valign="bottom" width="123">VOD</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$27.58 </td> <td align="center" valign="bottom" width="137">4,035,610</td> <td align="center" valign="bottom" width="120">2.59%</td> <td align="center" valign="bottom" width="115">$26.72 </td> <td align="center" valign="bottom" width="135">$26.41 </td></tr>
<tr> <td valign="bottom" width="123">VRTU</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$31.35 </td> <td align="center" valign="bottom" width="137">465,180</td> <td align="center" valign="bottom" width="120">2.41%</td> <td align="center" valign="bottom" width="115">$31.28 </td> <td align="center" valign="bottom" width="135">$29.75 </td></tr>
<tr> <td valign="bottom" width="123">WB</td> <td align="center" valign="bottom" width="88">BMO</td> <td align="center" valign="bottom" width="123">$62.44 </td> <td align="center" valign="bottom" width="137">1,559,420</td> <td align="center" valign="bottom" width="120">9.23%</td> <td align="center" valign="bottom" width="115">$57.89 </td> <td align="center" valign="bottom" width="135">$56.05 </td></tr>
<tr> <td valign="bottom" width="123">ACXM</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="123">$28.04 </td> <td align="center" valign="bottom" width="137">321,598</td> <td align="center" valign="bottom" width="120">9.17%</td> <td align="center" valign="bottom" width="115">$28.78 </td> <td align="center" valign="bottom" width="135">$28.01 </td></tr>
<tr> <td valign="bottom" width="123">HLI</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="123">$34.48 </td> <td align="center" valign="bottom" width="137">287,677</td> <td align="center" valign="bottom" width="120">2.77%</td> <td align="center" valign="bottom" width="115">$34.09 </td> <td align="center" valign="bottom" width="135">$34.37 </td></tr>
<tr> <td valign="bottom" width="123">JACK</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="123">$100.30 </td> <td align="center" valign="bottom" width="137">722,261</td> <td align="center" valign="bottom" width="120">9.60%</td> <td align="center" valign="bottom" width="115">$103.48 </td> <td align="center" valign="bottom" width="135">$101.83 </td></tr>
<tr> <td valign="bottom" width="123">RRGB</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="123">$57.65 </td> <td align="center" valign="bottom" width="137">319,523</td> <td align="center" valign="bottom" width="120">8.93%</td> <td align="center" valign="bottom" width="115">$59.15 </td> <td align="center" valign="bottom" width="135">$57.67 </td></tr>
<tr> <td valign="bottom" width="123">SINA</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="123">$83.50 </td> <td align="center" valign="bottom" width="137">852,610</td> <td align="center" valign="bottom" width="120">10.60%</td> <td align="center" valign="bottom" width="115">$79.19 </td> <td align="center" valign="bottom" width="135">$76.22 </td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Wednesday</u></strong><b><u> May 17:<strong></strong></u></b> <br />
<strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, EIA Petroleum Status Report – 10:30. <br />
<br />
International Economic: Great Britain Labour Market Report – 4:30AM, Eurozone HICP – 5:00AM, Japan GDP – 7:50, China Home Price Index – 8:30PM. <br />
<br />
Earnings: <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 849px;"> <tbody>
<tr> <td align="center" valign="bottom" width="126"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="90"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="121"><b><u>5/12 Close</u></b></td> <td align="center" valign="bottom" width="145"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="121"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="125"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="113"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="127">TGT</td> <td align="center" valign="bottom" width="90">BMO</td> <td align="center" valign="bottom" width="120">$55.80 </td> <td align="center" valign="bottom" width="145">7,452,840</td> <td align="center" valign="bottom" width="121">8.15%</td> <td align="center" valign="bottom" width="125">$56.96 </td> <td align="center" valign="bottom" width="113">$55.69 </td></tr>
<tr> <td valign="bottom" width="127">CSCO</td> <td align="center" valign="bottom" width="90">AMC</td> <td align="center" valign="bottom" width="120">$33.45 </td> <td align="center" valign="bottom" width="145">19,040,800</td> <td align="center" valign="bottom" width="121">2.78%</td> <td align="center" valign="bottom" width="125">$34.07 </td> <td align="center" valign="bottom" width="113">$33.51 </td></tr>
<tr> <td valign="bottom" width="127">LB</td> <td align="center" valign="bottom" width="90">AMC</td> <td align="center" valign="bottom" width="120">$49.55 </td> <td align="center" valign="bottom" width="145">4,806,020</td> <td align="center" valign="bottom" width="121">7.10%</td> <td align="center" valign="bottom" width="125">$52.03 </td> <td align="center" valign="bottom" width="113">$48.35 </td></tr>
<tr> <td valign="bottom" width="127">SNPS</td> <td align="center" valign="bottom" width="90">AMC</td> <td align="center" valign="bottom" width="120">$74.42 </td> <td align="center" valign="bottom" width="145">1,469,630</td> <td align="center" valign="bottom" width="121">4.52%</td> <td align="center" valign="bottom" width="125">$74.04 </td> <td align="center" valign="bottom" width="113">$72.62 </td></tr>
<tr> <td valign="bottom" width="127">SQM</td> <td align="center" valign="bottom" width="90">AMC</td> <td align="center" valign="bottom" width="120">$34.34 </td> <td align="center" valign="bottom" width="145">734,003</td> <td align="center" valign="bottom" width="121">3.48%</td> <td align="center" valign="bottom" width="125">$34.45 </td> <td align="center" valign="bottom" width="113">$35.27 </td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong><u></u></strong> <br />
<strong><u>Thursday </u></strong><b><u>May 18:</u></b> <br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Philadelphia Fed Business Survey – 8:30, Bloomberg Consumer Confidence – 9:45, Leading Indicators – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30. <br />
<br />
International Economic: Great Britain Retail Sales – 4:30AM, Eurozone Consumer Confidence Flash – 10:00. <br />
<br />
Other: Cleveland Federal Reserve Bank President Loretta Mester to speak at the Economic Club of Minnesota in Minneapolis – 1:15PM. <br />
<br />
<strong>Earnings:</strong> <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 850px;"> <tbody>
<tr> <td align="center" valign="bottom" width="127"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="96"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="126"><b><u>5/12 Close</u></b></td> <td align="center" valign="bottom" width="135"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="111"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="123"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="124"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="127">BABA</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$120.34 </td> <td align="center" valign="bottom" width="135">9,097,630</td> <td align="center" valign="bottom" width="111">3.67%</td> <td align="center" valign="bottom" width="123">$117.57 </td> <td align="center" valign="bottom" width="124">$113.63 </td></tr>
<tr> <td valign="bottom" width="127">EXP</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$98.54 </td> <td align="center" valign="bottom" width="135">579,985</td> <td align="center" valign="bottom" width="111">2.27%</td> <td align="center" valign="bottom" width="123">$98.83 </td> <td align="center" valign="bottom" width="124">$97.31 </td></tr>
<tr> <td valign="bottom" width="127">MNRO</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$50.40 </td> <td align="center" valign="bottom" width="135">336,656</td> <td align="center" valign="bottom" width="111">4.50%</td> <td align="center" valign="bottom" width="123">$51.71 </td> <td align="center" valign="bottom" width="124">$51.92 </td></tr>
<tr> <td valign="bottom" width="127">NGG</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$66.98 </td> <td align="center" valign="bottom" width="135">548,097</td> <td align="center" valign="bottom" width="111">2.16%</td> <td align="center" valign="bottom" width="123">$65.86 </td> <td align="center" valign="bottom" width="124">$65.18 </td></tr>
<tr> <td valign="bottom" width="127">PLCE</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$122.00 </td> <td align="center" valign="bottom" width="135">527,108</td> <td align="center" valign="bottom" width="111">9.14%</td> <td align="center" valign="bottom" width="123">$117.62 </td> <td align="center" valign="bottom" width="124">$114.42 </td></tr>
<tr> <td valign="bottom" width="127">RL</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$76.40 </td> <td align="center" valign="bottom" width="135">1,254,960</td> <td align="center" valign="bottom" width="111">6.90%</td> <td align="center" valign="bottom" width="123">$81.16 </td> <td align="center" valign="bottom" width="124">$81.17 </td></tr>
<tr> <td valign="bottom" width="127">WMT</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="126">$75.71 </td> <td align="center" valign="bottom" width="135">8,314,610</td> <td align="center" valign="bottom" width="111">4.38%</td> <td align="center" valign="bottom" width="123">$76.02 </td> <td align="center" valign="bottom" width="124">$74.22 </td></tr>
<tr> <td valign="bottom" width="127">ADSK</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$95.39 </td> <td align="center" valign="bottom" width="135">2,110,560</td> <td align="center" valign="bottom" width="111">4.05%</td> <td align="center" valign="bottom" width="123">$93.47 </td> <td align="center" valign="bottom" width="124">$89.50 </td></tr>
<tr> <td valign="bottom" width="127">AMAT</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$43.44 </td> <td align="center" valign="bottom" width="135">8,653,490</td> <td align="center" valign="bottom" width="111">5.44%</td> <td align="center" valign="bottom" width="123">$41.90 </td> <td align="center" valign="bottom" width="124">$40.44 </td></tr>
<tr> <td valign="bottom" width="127">CRM</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$89.04 </td> <td align="center" valign="bottom" width="135">4,141,870</td> <td align="center" valign="bottom" width="111">3.74%</td> <td align="center" valign="bottom" width="123">$86.89 </td> <td align="center" valign="bottom" width="124">$85.47 </td></tr>
<tr> <td valign="bottom" width="127">GLOB</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$36.99 </td> <td align="center" valign="bottom" width="135">193,969</td> <td align="center" valign="bottom" width="111">6.14%</td> <td align="center" valign="bottom" width="123">$37.33 </td> <td align="center" valign="bottom" width="124">$35.88 </td></tr>
<tr> <td valign="bottom" width="127">GPS</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$25.07 </td> <td align="center" valign="bottom" width="135">5,158,270</td> <td align="center" valign="bottom" width="111">6.94%</td> <td align="center" valign="bottom" width="123">$26.17 </td> <td align="center" valign="bottom" width="124">$24.88 </td></tr>
<tr> <td valign="bottom" width="127">MCK</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$144.58 </td> <td align="center" valign="bottom" width="135">1,620,140</td> <td align="center" valign="bottom" width="111">9.34%</td> <td align="center" valign="bottom" width="123">$141.01 </td> <td align="center" valign="bottom" width="124">$140.30 </td></tr>
<tr> <td valign="bottom" width="127">RAVN</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$31.00 </td> <td align="center" valign="bottom" width="135">176,069</td> <td align="center" valign="bottom" width="111">5.70%</td> <td align="center" valign="bottom" width="123">$31.11 </td> <td align="center" valign="bottom" width="124">$29.90 </td></tr>
<tr> <td valign="bottom" width="127">ROST</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="126">$63.49 </td> <td align="center" valign="bottom" width="135">2,441,200</td> <td align="center" valign="bottom" width="111">3.81%</td> <td align="center" valign="bottom" width="123">$64.93 </td> <td align="center" valign="bottom" width="124">$64.50 </td></tr>
</tbody></table>
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<strong></strong> <br />
<strong></strong> <br />
<strong><u>Friday</u></strong><b><u> May 19:</u></b> <br />
<b><u></u></b> <br />
Economic: Baker Hughes Rig Count – 1:00. <br />
<br />
International Economic: Germany PPI – 2:00AM.<br />
<br />
Other: St. Louis Federal Reserve Bank President James Bullard to present on "U.S. Economy and Monetary Policy" at the Association for Corporate Growth St. Louis Chapter Washington University in St. Louis, held in St. Louis, with audience and media Q&A. – 9:15AM. <br />
<br />
Earnings: <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 849px;"> <tbody>
<tr> <td align="center" valign="bottom" width="135"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="94"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="125"><b><u>5/12 Close</u></b></td> <td align="center" valign="bottom" width="134"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="109"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="123"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="121"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="135">CPB</td> <td valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$57.22 </td> <td align="center" valign="bottom" width="134">1,634,260</td> <td align="center" valign="bottom" width="109">5.68%</td> <td align="center" valign="bottom" width="123">$57.29 </td> <td align="center" valign="bottom" width="121">$57.14 </td></tr>
<tr> <td valign="bottom" width="135">DE</td> <td valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$113.11 </td> <td align="center" valign="bottom" width="134">2,336,050</td> <td align="center" valign="bottom" width="109">7.75%</td> <td align="center" valign="bottom" width="123">$112.37 </td> <td align="center" valign="bottom" width="121">$110.61 </td></tr>
<tr> <td valign="bottom" width="135">FL</td> <td valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="125">$74.88 </td> <td align="center" valign="bottom" width="134">1,868,780</td> <td align="center" valign="bottom" width="109">6.86%</td> <td align="center" valign="bottom" width="123">$76.66 </td> <td align="center" valign="bottom" width="121">$74.51 </td></tr>
</tbody></table>
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<strong></strong> <br />
<strong></strong> <br />
<a href="https://www.blogger.com/null" name="_Hlk478788524"></a><a href="https://www.blogger.com/null" name="_Hlk479354457"></a><a href="https://www.blogger.com/null" name="_Hlk480626961"></a><a href="https://www.blogger.com/null" name="_Hlk481159647"></a><b><u>Monday May 22:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Chicago Fed National Activity Index – 8:30. <br />
<br />
International Economic: Japan All Industry Index – 1:30AM. <br />
<br />
Earnings: <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 851px;"> <tbody>
<tr> <td valign="bottom" width="127"><b><u>SYMBOL</u></b></td> <td valign="bottom" width="89"><b><u>B/A</u></b></td> <td valign="bottom" width="124"><b><u>5/12 Close</u></b></td> <td valign="bottom" width="138"><b><u>AVGVOL</u></b></td> <td valign="bottom" width="118"><b><u>MEAN</u></b></td> <td align="center" valign="bottom" width="130"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="117"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="127">BAH</td> <td valign="bottom" width="89">BMO</td> <td valign="bottom" width="124">$35.99 </td> <td valign="bottom" width="138">1,064,660</td> <td valign="bottom" width="118">4.09%</td> <td align="center" valign="bottom" width="130">$35.74 </td> <td align="center" valign="bottom" width="117">$35.48 </td></tr>
<tr> <td valign="bottom" width="127">KLXI</td> <td valign="bottom" width="89">BMO</td> <td valign="bottom" width="124">$47.11 </td> <td valign="bottom" width="138">453,615</td> <td valign="bottom" width="118">6.02%</td> <td align="center" valign="bottom" width="130">$47.60 </td> <td align="center" valign="bottom" width="117">$46.23 </td></tr>
<tr> <td valign="bottom" width="127">A</td> <td valign="bottom" width="89">AMC</td> <td valign="bottom" width="124">$56.16 </td> <td valign="bottom" width="138">1,844,680</td> <td valign="bottom" width="118">2.77%</td> <td align="center" valign="bottom" width="130">$56.20 </td> <td align="center" valign="bottom" width="117">$54.61 </td></tr>
<tr> <td valign="bottom" width="127">LXFT</td> <td valign="bottom" width="89">AMC</td> <td valign="bottom" width="124">$64.20 </td> <td valign="bottom" width="138">171,639</td> <td valign="bottom" width="118">6.05%</td> <td align="center" valign="bottom" width="130">$62.72 </td> <td align="center" valign="bottom" width="117">$62.35 </td></tr>
<tr> <td valign="bottom" width="127">NDSN</td> <td valign="bottom" width="89">AMC</td> <td valign="bottom" width="124">$129.31 </td> <td valign="bottom" width="138">272,098</td> <td valign="bottom" width="119">7.79%</td> <td align="center" valign="bottom" width="131">$127.69 </td> <td align="center" valign="bottom" width="119">$124.69 </td></tr>
</tbody></table>
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-76334238346586418742017-05-08T16:04:00.004-05:002017-05-08T16:19:53.624-05:00Market News for the Prepared Mind: 5.08.2017 – 5.15.2017<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="center">
"Democrats never agree on anything, that's why they're Democrats.</div>
<div align="center">
<br /></div>
<div align="center">
If they agreed with each other, they'd be Republicans.".” – Will Rogers</div>
<div align="center">
<br /></div>
<div align="center">
“A man who procrastinates in his choosing will inevitably have his choice made for him by circumstance.” - Hunter S. Thompson</div>
<div align="center">
<br /></div>
<div align="center">
“The Euro ceases to exist the moment that France leaves.” - Marie Le Pen</div>
<div align="center">
<br /></div>
<div align="center">
“France is back.” - Emmanuel Macron<br />
<br /></div>
<div align="justify">
Last week ended with two of the three major indexes hitting new highs. The S&P 500 rose 14.80 to close at 2399.92 – a new all-time high, The NASDAQ Composite gained nearly 1%, closing at an all-time high of, advancing 6100.76. The Dow Jones Industrial Average was the laggard. The DJIA advanced 0.3% to close just above 21,000. The small-cap dominated Russell 2000 continued to underperform when compared to larger cap indices.</div>
<div align="justify">
<br /></div>
<div align="justify">
Financial talking heads are using the VIX to fan the fires of concern about an impending market sell off. It seems every market pundit has a “fact” about the VIX or S&P 500 volatility which portends the risk of the end of the bull market. As of the close this past Thursday, the S&P 500 had gone 7 days without a move of 0.2% in either direction. According to Bespoke Investment, this was only the fifth time the SPX had ever gone as many days with so little movement. This concern was followed by a 0,4% gain on Friday. The VIX hit a post-Financial Crisis low of 9.90 on Monday, while again dipping below 10 on Friday.</div>
<div align="justify">
<br /></div>
<div align="justify">
The weakness in the VIX and the lack of movement in the major indices are not predictors of market direction. The greatest challenge for me as a trader is avoiding complacency. Trading requires patience and a sense of urgency. Trading has been described by long periods of boredom interrupted by moments of panic. The lethargy of a quiet market can rob a trader of the sense of urgency required to prepare for the reaction required for moments of panic. Hunter S. Thompson summed it up with““A man who procrastinates in his choosing will inevitably have his choice made for him by circumstance.”</div>
<div align="justify">
<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 997px;"> <tbody>
<tr> <td align="center" valign="bottom" width="319"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="112"><b><u>5-May</u></b></td> <td align="center" valign="bottom" width="124"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="116"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="111"><b><u>2017 YTD</u></b></td> <td align="center" valign="bottom" width="207"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="319">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="112">21,006.94</td> <td align="center" valign="bottom" width="124">66.43</td> <td align="center" valign="bottom" width="116">0.32%</td> <td align="center" valign="bottom" width="111">6.30%</td> <td align="center" valign="bottom" width="207">10.78% (VXD)</td></tr>
<tr> <td valign="bottom" width="319">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="112">2,399.00</td> <td align="center" valign="bottom" width="124">14.80</td> <td align="center" valign="bottom" width="116">0.62%</td> <td align="center" valign="bottom" width="111">7.18%</td> <td align="center" valign="bottom" width="207">10.57% (VIX)</td></tr>
<tr> <td valign="bottom" width="319">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="112">5,646.09</td> <td align="center" valign="bottom" width="124">62.56</td> <td align="center" valign="bottom" width="116">1.12%</td> <td align="center" valign="bottom" width="111">16.09%</td> <td align="center" valign="bottom" width="207">12.31% (VXN)</td></tr>
<tr> <td valign="bottom" width="319">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="112">1,397.00</td> <td align="center" valign="bottom" width="124">(3.42)</td> <td align="center" valign="bottom" width="116"><span style="color: red;">-0.24%</span></td> <td align="center" valign="bottom" width="111">2.94%</td> <td align="center" valign="bottom" width="207">15.36% (RVX)</td></tr>
<tr> <td valign="bottom" width="319">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="112">1061.26</td> <td align="center" valign="bottom" width="124">6.40</td> <td align="center" valign="bottom" width="116">0.61%</td> <td align="center" valign="bottom" width="111">7.04%</td> <td align="center" valign="bottom" width="207">9.93% (VXO)</td></tr>
<tr> <td valign="bottom" width="319">Crude Oil (CLM7)</td> <td align="center" valign="bottom" width="112">46.48</td> <td align="center" valign="bottom" width="124">(2.71)</td> <td align="center" valign="bottom" width="116"><span style="color: red;">-5.51%</span></td> <td align="center" valign="bottom" width="111"><span style="color: red;">-13.75%</span></td> <td align="center" valign="bottom" width="207">33.83%(OVX)</td></tr>
<tr> <td valign="bottom" width="319">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="112">4454.60</td> <td align="center" valign="bottom" width="124">53.06</td> <td align="center" valign="bottom" width="116">1.21%</td> <td align="center" valign="bottom" width="111">9.95%</td> <td align="center" valign="bottom" width="207">NA</td></tr>
<tr> <td valign="bottom" width="319">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="112">10.57</td> <td align="center" valign="bottom" width="124">(0.25)</td> <td align="center" valign="bottom" width="116"><span style="color: red;">-2.31%</span></td> <td align="center" valign="bottom" width="111">NA</td> <td align="center" valign="bottom" width="207"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> Low implied volatility is a basic fact of current markets. Low statistical volatility (movement of the underlying) and low implied volatility (reflected in premium levels of options) are forcing options traders to reevaluate the strategies being used. The viability of any options strategy must be evaluated against change in time, movement in the price of the underlying and changes in implied volatility of the options. Low levels in volatility - statistical and implied - force the options trader to find strategies fitting their risk/reward comfort zone.<br />
<br />
Here is an overview of last week for the VIX and related products: <b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="411"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="83"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="102"><b><u>5-May</u></b></td> <td align="center" valign="bottom" width="115"><b><u>28-Apr</u></b></td> <td align="center" valign="bottom" width="140"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="136"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="411">CBOE Volatility Index</td> <td align="center" valign="bottom" width="83">VIX</td> <td align="center" valign="bottom" width="103">10.57</td> <td align="center" valign="bottom" width="115">10.82</td> <td align="center" valign="bottom" width="140"><span style="color: red;">(0.25)</span></td> <td align="center" valign="bottom" width="136"><span style="color: red;">-2.31%</span></td></tr>
<tr> <td valign="bottom" width="411">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="83">VXK7</td> <td align="center" valign="bottom" width="104">11.775</td> <td align="center" valign="bottom" width="115">12.275</td> <td align="center" valign="bottom" width="140"><span style="color: red;">(0.50)</span></td> <td align="center" valign="bottom" width="136"><span style="color: red;">-4.07%</span></td></tr>
<tr> <td valign="bottom" width="411">VIX June Future (6/21/2017)</td> <td align="center" valign="bottom" width="83">VXM7</td> <td align="center" valign="bottom" width="104">12.675</td> <td align="center" valign="bottom" width="115">13.125</td> <td align="center" valign="bottom" width="140"><span style="color: red;">(0.45)</span></td> <td align="center" valign="bottom" width="136"><span style="color: red;">-3.43%</span></td></tr>
<tr> <td valign="bottom" width="411">VIX July Future (6/18/2017)</td> <td align="center" valign="bottom" width="83">VXN7</td> <td align="center" valign="bottom" width="104">13.675</td> <td align="center" valign="bottom" width="115">14.000</td> <td align="center" valign="bottom" width="140"><span style="color: red;">(0.32)</span></td> <td align="center" valign="bottom" width="136"><span style="color: red;">-2.32%</span></td></tr>
<tr> <td valign="bottom" width="411">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="83">VXST</td> <td align="center" valign="bottom" width="104">11.44</td> <td align="center" valign="bottom" width="115">9.42</td> <td align="center" valign="bottom" width="140"><span style="color: red;">2.02 </span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">21.44%</span></td></tr>
<tr> <td valign="bottom" width="411">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="83">VXV</td> <td align="center" valign="bottom" width="104">12.85</td> <td align="center" valign="bottom" width="115">12.93</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(0.08)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-0.58%</span></td></tr>
<tr> <td valign="bottom" width="411">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="83">VXMT</td> <td align="center" valign="bottom" width="104">14.65</td> <td align="center" valign="bottom" width="115">14.74</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(0.09)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-0.61%</span></td></tr>
<tr> <td valign="bottom" width="411">VIX of VIX</td> <td align="center" valign="bottom" width="83">VVIX</td> <td align="center" valign="bottom" width="104">80.65</td> <td align="center" valign="bottom" width="115">77.09</td> <td align="center" valign="bottom" width="139">3.56</td> <td align="center" valign="bottom" width="135">4.62%</td></tr>
<tr> <td valign="bottom" width="411">CBOE SKEW Index</td> <td align="center" valign="bottom" width="83">SKEW</td> <td align="center" valign="bottom" width="104">131.36</td> <td align="center" valign="bottom" width="115">146.98</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(15.62)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-10.63%</span></td></tr>
<tr> <td align="center" valign="bottom" width="411"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="83"></td> <td align="center" valign="bottom" width="104"></td> <td align="center" valign="bottom" width="115"></td> <td align="center" valign="bottom" width="139"></td> <td align="center" valign="bottom" width="135"></td></tr>
<tr> <td valign="bottom" width="411">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="83">UVXY</td> <td align="center" valign="bottom" width="104">13.15</td> <td align="center" valign="bottom" width="115">14.18</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(1.03)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-7.26%</span></td></tr>
<tr> <td valign="bottom" width="411">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="83">VXX</td> <td align="center" valign="bottom" width="104">14.45</td> <td align="center" valign="bottom" width="115">15.01</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(0.56)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-3.73%</span></td></tr>
<tr> <td valign="bottom" width="411">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="83">VIXY</td> <td align="center" valign="bottom" width="104">12.05</td> <td align="center" valign="bottom" width="115">12.51</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(0.46)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-3.68%</span></td></tr>
<tr> <td valign="bottom" width="411">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="83">VXZ</td> <td align="center" valign="bottom" width="104">24.48</td> <td align="center" valign="bottom" width="115">24.74</td> <td align="center" valign="bottom" width="139"><span style="color: red;">(0.26)</span></td> <td align="center" valign="bottom" width="135"><span style="color: red;">-1.05%</span></td></tr>
<tr> <td valign="bottom" width="411"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="83"></td> <td align="center" valign="bottom" width="104"></td> <td align="center" valign="bottom" width="115"></td> <td align="center" valign="bottom" width="139"></td> <td align="center" valign="bottom" width="135"></td></tr>
<tr> <td valign="bottom" width="411">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="83">SVXY</td> <td align="center" valign="bottom" width="104">150.07</td> <td align="center" valign="bottom" width="115">145.05</td> <td align="center" valign="bottom" width="139">5.02</td> <td align="center" valign="bottom" width="135">3.46%</td></tr>
<tr> <td valign="bottom" width="411">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="83">XIV</td> <td align="center" valign="bottom" width="104">77.63</td> <td align="center" valign="bottom" width="115">75.09</td> <td align="center" valign="bottom" width="140">2.54</td> <td align="center" valign="bottom" width="136">3.38%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<b></b> <br />
<div style="text-align: justify;">
Will inflation return in May? April price readings will be released this week; import and export prices will be released on Wednesday, while the Producer Price Index will be released on Thursday and the Consumer Price Index will be released on Friday. Economists and investors will be looking for stability in prices and a number near the Fed’s 2% target.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Strong profit reports, along with conference calls with positive forecasts, continue to be a driving force behind stocks moving upward. First quarter earnings announcements will continue the next two weeks. 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. The earnings highlights this week, for widely held and actively traded stocks, are: Newell Brands, Tyson Foods, Marriott, Trip Advisor, Walt Disney, AON, Priceline, Allergan, NVIDIA, Mylan, Whole Foods, Vulcan Materials, Perrigo, Nordstrom, Kohl’s Macy’s and JC Penney.</div>
<div style="text-align: justify;">
<br /></div>
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“Patience, Grasshopper” – Master Po</div>
<div align="center">
<br /></div>
<div align="center">
“If you do not actively attack the risks, they will actively attack you.” - Tom Gib</div>
<div align="center">
<br /></div>
<div align="center">
“The key to risk management is never putting yourself in a position where you</div>
<div align="center">
cannot live to fight another day.” - Dick Fuld</div>
<div align="center">
<br /></div>
<div align="center">
"The easy way out usually leads back in." - Peter Senge</div>
<div align="center">
<br /></div>
<div align="center">
“In a closed society where everybody’s guilty, the only crime is getting caught.In a world of thieves, the only final sin is stupidity.”- Hunter S. Thompson</div>
<div align="center">
<br /></div>
<strong></strong> <br />
<b><u>Monday May 8:</u></b><br />
<b><u></u></b> <br />
<div align="justify">
Economic: Labor Conditions Index – 10:00, TD Ameritrade IMX – 12:30PM.</div>
<div align="justify">
<br /></div>
<div align="justify">
</div>
<div align="justify">
International Economic: Germany Manufacturers’ Orders – 2:00AM.</div>
<div align="justify">
<br /></div>
<div align="justify">
</div>
<div align="justify">
Other: St. Louis Federal Reserve Bank President James Bullard to speak at a policy session held the Federal Reserve Bank of Atlanta's 22nd Annual Financial Markets Conference on "Shifting Sands of Low Interest Rates" in Fernandina Beach, Florida, with audience Q&A – 8:35AM, Cleveland Federal Reserve President Loretta Mester speaks about the economic outlook and monetary policy at the Chicago Council on Global Affairs Public Breakfast Program -- From Main Street to Wall Street: Economic Growth, Monetary Policy, and the Federal Reserve, in Chicago IL, with audience and media Q&A, 8:45AM.</div>
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<br /></div>
<div align="justify">
Earnings:</div>
<table border="4" cellpadding="0" cellspacing="0" style="width: 798px;"> <tbody>
<tr> <td align="center" valign="bottom" width="115"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="78"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="107"><b><u>5/5 Close</u></b></td> <td align="center" valign="bottom" width="115"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="120"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="126"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="116">JD</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$35.78</td> <td align="center" valign="bottom" width="115">6,711,020</td> <td align="center" valign="bottom" width="129">5.97%</td> <td align="center" valign="bottom" width="120">$35.05</td> <td align="center" valign="bottom" width="126">$33.32</td></tr>
<tr> <td align="center" valign="bottom" width="117">HAE</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$43.20</td> <td align="center" valign="bottom" width="115">345,746</td> <td align="center" valign="bottom" width="129">10.22%</td> <td align="center" valign="bottom" width="120">$42.20</td> <td align="center" valign="bottom" width="126">$41.28</td></tr>
<tr> <td align="center" valign="bottom" width="117">ITT</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$42.11</td> <td align="center" valign="bottom" width="115">557,373</td> <td align="center" valign="bottom" width="129">3.77%</td> <td align="center" valign="bottom" width="120">$41.65</td> <td align="center" valign="bottom" width="126">$40.49</td></tr>
<tr> <td align="center" valign="bottom" width="117">LTC</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$47.35</td> <td align="center" valign="bottom" width="115">199,835</td> <td align="center" valign="bottom" width="129">1.15%</td> <td align="center" valign="bottom" width="120">$48.17</td> <td align="center" valign="bottom" width="126">$48.02</td></tr>
<tr> <td align="center" valign="bottom" width="117">MNK</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$46.63</td> <td align="center" valign="bottom" width="115">1,836,020</td> <td align="center" valign="bottom" width="129">7.73%</td> <td align="center" valign="bottom" width="120">$45.76</td> <td align="center" valign="bottom" width="126">$45.24</td></tr>
<tr> <td align="center" valign="bottom" width="117">NWL</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$46.39</td> <td align="center" valign="bottom" width="115">3,934,920</td> <td align="center" valign="bottom" width="129">4.58%</td> <td align="center" valign="bottom" width="120">$47.26</td> <td align="center" valign="bottom" width="126">$47.23</td></tr>
<tr> <td align="center" valign="bottom" width="117">NWN</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$59.20</td> <td align="center" valign="bottom" width="115">132,224</td> <td align="center" valign="bottom" width="129">1.97%</td> <td align="center" valign="bottom" width="120">$59.87</td> <td align="center" valign="bottom" width="126">$59.62</td></tr>
<tr> <td align="center" valign="bottom" width="117">SYY</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$55.31</td> <td align="center" valign="bottom" width="115">3,059,680</td> <td align="center" valign="bottom" width="129">4.48%</td> <td align="center" valign="bottom" width="120">$53.09</td> <td align="center" valign="bottom" width="126">$53.01</td></tr>
<tr> <td align="center" valign="bottom" width="117">TSN</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$63.33</td> <td align="center" valign="bottom" width="115">2,819,100</td> <td align="center" valign="bottom" width="129">4.99%</td> <td align="center" valign="bottom" width="120">$64.18</td> <td align="center" valign="bottom" width="126">$64.19</td></tr>
<tr> <td align="center" valign="bottom" width="117">XEC</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$120.30</td> <td align="center" valign="bottom" width="115">1,123,410</td> <td align="center" valign="bottom" width="129">4.16%</td> <td align="center" valign="bottom" width="120">$117.73</td> <td align="center" valign="bottom" width="126">$119.03</td></tr>
<tr> <td align="center" valign="bottom" width="117">AFAM</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$49.70</td> <td align="center" valign="bottom" width="115">112,660</td> <td align="center" valign="bottom" width="129">3.13%</td> <td align="center" valign="bottom" width="120">$48.98</td> <td align="center" valign="bottom" width="126">$48.47</td></tr>
<tr> <td align="center" valign="bottom" width="117">EGRX</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$89.54</td> <td align="center" valign="bottom" width="115">244,229</td> <td align="center" valign="bottom" width="129">9.77%</td> <td align="center" valign="bottom" width="120">$88.83</td> <td align="center" valign="bottom" width="126">$86.21</td></tr>
<tr> <td align="center" valign="bottom" width="117">KITE</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$81.78</td> <td align="center" valign="bottom" width="115">1,572,200</td> <td align="center" valign="bottom" width="129">7.19%</td> <td align="center" valign="bottom" width="120">$81.97</td> <td align="center" valign="bottom" width="126">$79.48</td></tr>
<tr> <td align="center" valign="bottom" width="117">LNCE</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$34.22</td> <td align="center" valign="bottom" width="115">796,551</td> <td align="center" valign="bottom" width="129">4.46%</td> <td align="center" valign="bottom" width="120">$34.46</td> <td align="center" valign="bottom" width="126">$35.95</td></tr>
<tr> <td align="center" valign="bottom" width="117">XLRN</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="107">$31.66</td> <td align="center" valign="bottom" width="115">392,497</td> <td align="center" valign="bottom" width="129">7.25%</td> <td align="center" valign="bottom" width="120">$31.45</td> <td align="center" valign="bottom" width="126">$29.75</td></tr>
<tr> <td align="center" valign="bottom" width="117">FN</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$32.81</td> <td align="center" valign="bottom" width="115">859,800</td> <td align="center" valign="bottom" width="129">5.89%</td> <td align="center" valign="bottom" width="120">$35.72</td> <td align="center" valign="bottom" width="126">$38.24</td></tr>
<tr> <td align="center" valign="bottom" width="117">CST</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$48.39</td> <td align="center" valign="bottom" width="115">424,532</td> <td align="center" valign="bottom" width="129">1.37%</td> <td align="center" valign="bottom" width="120">$48.34</td> <td align="center" valign="bottom" width="126">$48.28</td></tr>
<tr> <td align="center" valign="bottom" width="117">DKL</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$30.65</td> <td align="center" valign="bottom" width="115">54,379</td> <td align="center" valign="bottom" width="129">4.09%</td> <td align="center" valign="bottom" width="120">$31.81</td> <td align="center" valign="bottom" width="126">$31.10</td></tr>
<tr> <td align="center" valign="bottom" width="117">EOG</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$90.88</td> <td align="center" valign="bottom" width="115">3,310,120</td> <td align="center" valign="bottom" width="129">2.85%</td> <td align="center" valign="bottom" width="120">$92.67</td> <td align="center" valign="bottom" width="126">$94.36</td></tr>
<tr> <td align="center" valign="bottom" width="117">IFF</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$139.27</td> <td align="center" valign="bottom" width="115">611,743</td> <td align="center" valign="bottom" width="129">3.99%</td> <td align="center" valign="bottom" width="120">$138.48</td> <td align="center" valign="bottom" width="126">$135.58</td></tr>
<tr> <td align="center" valign="bottom" width="117">MAR</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$97.05</td> <td align="center" valign="bottom" width="115">2,570,810</td> <td align="center" valign="bottom" width="129">1.23%</td> <td align="center" valign="bottom" width="120">$95.36</td> <td align="center" valign="bottom" width="126">$93.69</td></tr>
<tr> <td align="center" valign="bottom" width="117">NNI</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$44.85</td> <td align="center" valign="bottom" width="115">75,427</td> <td align="center" valign="bottom" width="129">8.99%</td> <td align="center" valign="bottom" width="120">$45.93</td> <td align="center" valign="bottom" width="126">$44.77</td></tr>
<tr> <td align="center" valign="bottom" width="117">ORA</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$58.11</td> <td align="center" valign="bottom" width="115">198,521</td> <td align="center" valign="bottom" width="129">4.05%</td> <td align="center" valign="bottom" width="120">$58.94</td> <td align="center" valign="bottom" width="126">$59.05</td></tr>
<tr> <td align="center" valign="bottom" width="117">RBC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$83.00</td> <td align="center" valign="bottom" width="115">238,881</td> <td align="center" valign="bottom" width="129">3.31%</td> <td align="center" valign="bottom" width="120">$78.55</td> <td align="center" valign="bottom" width="126">$76.29</td></tr>
<tr> <td align="center" valign="bottom" width="117">RGR</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$60.00</td> <td align="center" valign="bottom" width="115">319,175</td> <td align="center" valign="bottom" width="129">2.05%</td> <td align="center" valign="bottom" width="120">$58.78</td> <td align="center" valign="bottom" width="126">$56.08</td></tr>
<tr> <td align="center" valign="bottom" width="117">SJI</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$36.88</td> <td align="center" valign="bottom" width="115">373,916</td> <td align="center" valign="bottom" width="129">2.04%</td> <td align="center" valign="bottom" width="120">$37.36</td> <td align="center" valign="bottom" width="126">$36.78</td></tr>
<tr> <td align="center" valign="bottom" width="117">TSO</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$80.86</td> <td align="center" valign="bottom" width="115">2,272,210</td> <td align="center" valign="bottom" width="129">2.36%</td> <td align="center" valign="bottom" width="120">$79.51</td> <td align="center" valign="bottom" width="126">$79.30</td></tr>
<tr> <td align="center" valign="bottom" width="117">VVC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$59.76</td> <td align="center" valign="bottom" width="115">416,417</td> <td align="center" valign="bottom" width="129">0.85%</td> <td align="center" valign="bottom" width="120">$59.32</td> <td align="center" valign="bottom" width="126">$59.16</td></tr>
<tr> <td align="center" valign="bottom" width="117">ADUS</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$36.15</td> <td align="center" valign="bottom" width="115">44,843</td> <td align="center" valign="bottom" width="129">9.62%</td> <td align="center" valign="bottom" width="120">$33.93</td> <td align="center" valign="bottom" width="126">$33.41</td></tr>
<tr> <td align="center" valign="bottom" width="117">DOOR</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$82.90</td> <td align="center" valign="bottom" width="115">173,617</td> <td align="center" valign="bottom" width="129">7.50%</td> <td align="center" valign="bottom" width="120">$82.67</td> <td align="center" valign="bottom" width="126">$80.60</td></tr>
<tr> <td align="center" valign="bottom" width="117">ENTA</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$30.84</td> <td align="center" valign="bottom" width="115">206,210</td> <td align="center" valign="bottom" width="129">4.44%</td> <td align="center" valign="bottom" width="120">$31.34</td> <td align="center" valign="bottom" width="126">$30.70</td></tr>
<tr> <td align="center" valign="bottom" width="117">INGN</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$83.52</td> <td align="center" valign="bottom" width="115">163,822</td> <td align="center" valign="bottom" width="129">1.05%</td> <td align="center" valign="bottom" width="120">$82.69</td> <td align="center" valign="bottom" width="126">$80.00</td></tr>
<tr> <td align="center" valign="bottom" width="117">ITGR</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$35.65</td> <td align="center" valign="bottom" width="115">232,451</td> <td align="center" valign="bottom" width="129">10.61%</td> <td align="center" valign="bottom" width="120">$36.74</td> <td align="center" valign="bottom" width="126">$37.94</td></tr>
<tr> <td align="center" valign="bottom" width="117">JCOM</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$90.61</td> <td align="center" valign="bottom" width="115">361,084</td> <td align="center" valign="bottom" width="129">2.50%</td> <td align="center" valign="bottom" width="120">$88.89</td> <td align="center" valign="bottom" width="126">$85.98</td></tr>
<tr> <td align="center" valign="bottom" width="117">MTSC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$46.35</td> <td align="center" valign="bottom" width="115">96,938</td> <td align="center" valign="bottom" width="129">4.94%</td> <td align="center" valign="bottom" width="120">$46.40</td> <td align="center" valign="bottom" width="126">$49.98</td></tr>
<tr> <td align="center" valign="bottom" width="117">NVRO</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$90.77</td> <td align="center" valign="bottom" width="115">378,822</td> <td align="center" valign="bottom" width="129">8.17%</td> <td align="center" valign="bottom" width="120">$91.26</td> <td align="center" valign="bottom" width="126">$91.25</td></tr>
<tr> <td align="center" valign="bottom" width="117">OTEX</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$34.82</td> <td align="center" valign="bottom" width="115">478,568</td> <td align="center" valign="bottom" width="129">2.26%</td> <td align="center" valign="bottom" width="120">$34.56</td> <td align="center" valign="bottom" width="126">$34.00</td></tr>
<tr> <td align="center" valign="bottom" width="117">PAHC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$30.20</td> <td align="center" valign="bottom" width="115">89,824</td> <td align="center" valign="bottom" width="129">8.13%</td> <td align="center" valign="bottom" width="120">$29.45</td> <td align="center" valign="bottom" width="126">$28.62</td></tr>
<tr> <td align="center" valign="bottom" width="117">PINC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$33.85</td> <td align="center" valign="bottom" width="115">477,254</td> <td align="center" valign="bottom" width="129">5.81%</td> <td align="center" valign="bottom" width="120">$33.54</td> <td align="center" valign="bottom" width="126">$32.84</td></tr>
<tr> <td align="center" valign="bottom" width="117">PKOH</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$38.25</td> <td align="center" valign="bottom" width="115">37,521</td> <td align="center" valign="bottom" width="129">8.13%</td> <td align="center" valign="bottom" width="120">$39.27</td> <td align="center" valign="bottom" width="126">$38.02</td></tr>
<tr> <td align="center" valign="bottom" width="117">PLOW</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$31.80</td> <td align="center" valign="bottom" width="115">110,702</td> <td align="center" valign="bottom" width="129">9.32%</td> <td align="center" valign="bottom" width="120">$32.23</td> <td align="center" valign="bottom" width="126">$31.88</td></tr>
<tr> <td align="center" valign="bottom" width="117">PODD</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$42.10</td> <td align="center" valign="bottom" width="115">458,627</td> <td align="center" valign="bottom" width="129">9.69%</td> <td align="center" valign="bottom" width="120">$42.82</td> <td align="center" valign="bottom" width="126">$42.37</td></tr>
<tr> <td align="center" valign="bottom" width="117">PTLA</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$38.24</td> <td align="center" valign="bottom" width="115">1,050,180</td> <td align="center" valign="bottom" width="129">6.63%</td> <td align="center" valign="bottom" width="120">$39.57</td> <td align="center" valign="bottom" width="126">$38.10</td></tr>
<tr> <td align="center" valign="bottom" width="117">SNHY</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$40.15</td> <td align="center" valign="bottom" width="115">110,025</td> <td align="center" valign="bottom" width="129">7.26%</td> <td align="center" valign="bottom" width="120">$38.42</td> <td align="center" valign="bottom" width="126">$37.07</td></tr>
<tr> <td align="center" valign="bottom" width="117">TLLP</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$52.13</td> <td align="center" valign="bottom" width="115">369,475</td> <td align="center" valign="bottom" width="129">3.11%</td> <td align="center" valign="bottom" width="120">$54.61</td> <td align="center" valign="bottom" width="126">$53.65</td></tr>
<tr> <td align="center" valign="bottom" width="117">TTEC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="107">$31.35</td> <td align="center" valign="bottom" width="115">77,302</td> <td align="center" valign="bottom" width="129">4.42%</td> <td align="center" valign="bottom" width="120">$31.18</td> <td align="center" valign="bottom" width="126">$30.23</td></tr>
</tbody></table>
<strong></strong> <br />
<b><u><br /></u></b> <b><u>Tuesday May 9:</u></b><br />
<strong></strong> <br />
Economic: NFIB Small Business Optimism Index – 6:00, Redbook – 8:55, JOLTS – 10:00. Wholesale Trade – 10:00.<br />
<a href="https://draft.blogger.com/null" name="_Hlk480133279"><br /></a>
<br />
International Economic: Germany Industrial Production and Merchandise Trade – 2:00AM, China CPI and PPI – 9:30PM.<br />
<br />
Other: Boston Federal Reserve Bank President Eric Rosengren will be the Keynote Speaker at the Risk Management for Commercial Real Estate Conference being held at the NYU Stern School of Business in New York, New York – 1:00PM, Dallas Federal Reserve Bank President Robert Kaplan to speak at the Dallas Regional Chamber Lower Middle Market Investment Summit in Dallas, with audience and media Q&A – 4:15PM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 798px;"> <tbody>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
<b><u>SYMBOL</u></b></div>
</td> <td align="center" valign="bottom" width="82"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="112"><b><u>5/5 Close</u></b></td> <td align="center" valign="bottom" width="120"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="125"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="106"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="125"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ACM</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$33.81</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,145,430</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.31%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.16</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$34.19</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
AER</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$44.99</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,464,790</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.12%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$45.61</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$44.81</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
AGN</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$244.94</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
2,715,980</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.07%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$241.77</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$239.93</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
AON</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$122.27</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
974,105</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.97%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$119.93</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$119.27</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
BLD</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$51.60</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
281,179</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.49%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$50.91</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$48.84</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
DUK</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$82.98</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
2,905,280</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
0.97%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$82.46</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$82.31</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
GCP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$34.05</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
514,294</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
6.79%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$33.20</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$32.75</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
HRI</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$45.60</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
241,297</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
9.29%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$46.45</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$47.40</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
IEP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$52.76</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
118,425</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.24%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$51.53</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$50.42</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
JEC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$54.66</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
871,683</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.70%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$54.84</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$54.29</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
MDC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$30.93</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
498,819</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.89%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$31.11</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$30.52</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
NHC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$73.22</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
24,600</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
0.46%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$73.83</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$72.09</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
NHI</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$72.87</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
228,008</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
0.63%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$73.77</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$73.14</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
SEE</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$45.79</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
2,078,450</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.05%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$44.37</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$43.73</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
SFR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$33.87</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,361,080</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.01%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.45</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$34.29</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
STE</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$75.71</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
541,252</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.56%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$73.42</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$71.69</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
TDG</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$254.98</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,191,690</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
6.74%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$248.34</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$233.53</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
TLP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$42.63</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
30,981</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.30%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$43.99</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$43.60</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
WPC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$62.40</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
325,084</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.29%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$63.06</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$62.51</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ARMK</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$36.72</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,347,340</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.49%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$36.63</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$36.63</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
BCPC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$80.91</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
111,521</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.74%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$80.75</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$79.53</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
CBOE</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$83.76</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,364,390</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.86%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$83.11</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$81.47</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
CORE</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$35.71</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
316,971</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.09%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.96</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$32.96</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
EBIX</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$62.25</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
160,660</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.94%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$61.44</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$61.06</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
HSIC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$178.35</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
443,881</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.86%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$173.21</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$172.19</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
IONS</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$47.72</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,601,540</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
9.25%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$47.26</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$43.38</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
JELD</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$32.83</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
540,792</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.91%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$33.34</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$32.49</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
NXST</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$63.25</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
528,516</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.35%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$67.35</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$66.72</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ONCE</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$58.65</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
266,449</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
7.20%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$57.39</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$54.31</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
POST</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$81.22</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
717,183</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.57%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$83.62</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$85.11</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
WRLD</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$56.07</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
97,908</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
12.26%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$54.02</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$52.59</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
XRAY</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$65.59</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,379,830</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.42%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$63.42</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$63.52</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ZBRA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$96.56</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
309,600</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
10.97%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$93.82</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$91.68</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
FWONA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$32.85</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
302,554</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
6.19%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$33.15</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$32.41</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
LSXMA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$37.69</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
475,052</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
0.05%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$38.83</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$39.17</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
LVNTA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
BMO</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$52.76</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
699,927</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.47%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$53.23</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$49.34</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
EA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$95.74</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
2,543,870</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.56%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$93.82</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$91.69</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
WR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$52.52</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
907,170</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
0.91%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$52.08</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$52.73</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
DIS</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$111.99</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
5,887,110</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.03%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$114.22</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$112.58</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
DOX</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$62.07</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
597,405</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.71%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$61.35</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$61.30</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
FMI</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$35.65</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
317,517</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.76%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.38</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$33.12</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
FNV</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$66.37</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
734,335</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.11%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$67.08</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$67.46</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
HLI</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$33.77</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
368,559</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.77%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$33.60</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$33.52</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
KAR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$43.22</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
973,786</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.76%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$43.46</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$42.82</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
LDR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$50.95</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
28,551</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
7.49%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$52.62</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$50.58</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
PEN</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$88.50</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
240,635</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.54%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$86.71</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$84.20</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
PRI</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$85.30</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
332,640</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.36%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$84.50</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$83.25</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
REG</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$62.67</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,686,350</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.81%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$64.24</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$65.28</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
SLF</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$35.76</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
428,671</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.50%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$35.65</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$35.85</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
TCX</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$62.10</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
78,413</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.87%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$59.48</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$55.45</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ACAD</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$32.74</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,646,360</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.71%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$33.44</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$34.15</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ACIA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$47.52</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,582,060</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
28.05%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$48.30</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$51.81</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
AKRX</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$33.08</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
4,074,150</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
8.99%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$33.17</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$28.59</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ALRM</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$33.45</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
270,330</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
7.55%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$32.55</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$31.34</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
COHR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$225.16</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
360,136</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
9.58%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$213.46</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$205.37</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
FARO</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$36.15</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
79,006</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
9.86%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$36.05</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$34.72</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
GDOT</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$34.37</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
307,922</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.07%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.39</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$33.58</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
GHDX</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$32.68</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
117,132</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
6.19%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$32.55</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$31.98</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
GWPH</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$113.04</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
303,759</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.33%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$116.51</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$117.75</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
IOSP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$65.15</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
116,559</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.01%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$65.15</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$63.50</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
IPAR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$37.65</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
93,013</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.13%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$36.83</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$36.53</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
JAZZ</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$159.06</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
542,646</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.91%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$157.82</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$151.74</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
LGND</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$112.74</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
258,916</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.82%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$110.20</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$108.29</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
MCHP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$75.17</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
3,591,710</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.26%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$75.77</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$74.36</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
NBIX</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$53.74</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,305,220</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
2.21%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$53.24</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$47.30</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
NEWR</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$41.40</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
425,690</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.12%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$40.10</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$39.03</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
NVDA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$103.86</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
15,211,900</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
13.24%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$104.16</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$102.75</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
PRAA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$32.90</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
419,608</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
12.22%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$32.94</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$32.73</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
PRSC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$44.06</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
73,332</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.99%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$44.09</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$44.04</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
PRTA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$51.25</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
307,070</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
4.83%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$53.85</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$52.62</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
SAGE</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$70.86</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
519,757</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
5.23%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$71.52</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$69.11</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
SCSC</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$40.40</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
119,765</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
10.71%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$39.58</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$38.93</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
SUPN</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$32.05</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
564,464</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.25%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$32.84</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$31.80</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
TBPH</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$39.79</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
231,495</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
6.10%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$40.11</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$38.17</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
TRIP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$46.17</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
3,225,120</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
9.44%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$44.63</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$43.56</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
TSRO</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$145.13</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
1,006,840</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
3.88%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$142.25</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$143.84</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
YELP</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$35.68</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
2,570,340</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
15.03%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.98</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$33.93</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
ZAYO</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$33.86</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
2,434,080</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.94%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$34.66</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$33.80</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
LBRDA</div>
</td> <td style="text-align: center;" valign="bottom" width="82"><div style="text-align: center;">
AMC</div>
</td> <td style="text-align: center;" valign="bottom" width="112"><div style="text-align: center;">
$86.50</div>
</td> <td style="text-align: center;" valign="bottom" width="120"><div style="text-align: center;">
104,748</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
1.28%</div>
</td> <td style="text-align: center;" valign="bottom" width="106"><div style="text-align: center;">
$88.32</div>
</td> <td style="text-align: center;" valign="bottom" width="125"><div style="text-align: center;">
$87.28</div>
</td></tr>
<tr> <td valign="bottom" width="120"><div style="text-align: center;">
LBRDK</div>
</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="112">$87.75</td> <td align="center" valign="bottom" width="120">420,698</td> <td align="center" valign="bottom" width="125">0.48%</td> <td align="center" valign="bottom" width="106">$89.66</td> <td align="center" valign="bottom" width="125">$88.48</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u><br /></u></strong> <strong><u>Wednesday</u></strong><b><u> May 10:</u></b><br />
Economic: MBA Mortgage Applications – 7:00, Import and Export Prices - 8:30, Atlanta Fed Business Inflation Expectations – 10:00, EIA Petroleum Status Report – 10:30.<br />
<a href="https://draft.blogger.com/null" name="_Hlk479355929"><br /></a> International Economic: France Merchandise Trade – 2:45AM.<br />
<br />
Other: Boston Federal Reserve Bank President Eric Rosengren will be the Keynote Speaker at a joint meeting of the Lake Champlain Regional Chamber and Central Vermont Chamber of Commerce in South Burlington, VT – 12:00PM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 793px;"> <tbody>
<tr> <td align="center" valign="bottom" width="120"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="81"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="110"><b><u>5/5 Close</u></b></td> <td align="center" valign="bottom" width="107"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="133"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="116"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="118"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="120">E</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$32.28</td> <td align="center" valign="bottom" width="107">309,957</td> <td align="center" valign="bottom" width="133">1.35%</td> <td align="center" valign="bottom" width="116">$31.23</td> <td align="center" valign="bottom" width="118">$31.86</td></tr>
<tr> <td align="center" valign="bottom" width="120">BR</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$68.91</td> <td align="center" valign="bottom" width="107">455,241</td> <td align="center" valign="bottom" width="133">1.69%</td> <td align="center" valign="bottom" width="116">$69.58</td> <td align="center" valign="bottom" width="118">$68.48</td></tr>
<tr> <td align="center" valign="bottom" width="120">TM</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$109.91</td> <td align="center" valign="bottom" width="107">261,717</td> <td align="center" valign="bottom" width="133">1.89%</td> <td align="center" valign="bottom" width="116">$108.53</td> <td align="center" valign="bottom" width="118">$107.25</td></tr>
<tr> <td align="center" valign="bottom" width="120">YY</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$51.41</td> <td align="center" valign="bottom" width="107">1,027,930</td> <td align="center" valign="bottom" width="133">2.45%</td> <td align="center" valign="bottom" width="116">$48.53</td> <td align="center" valign="bottom" width="118">$46.99</td></tr>
<tr> <td align="center" valign="bottom" width="120">AGM</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$54.83</td> <td align="center" valign="bottom" width="107">46,264</td> <td align="center" valign="bottom" width="133">8.45%</td> <td align="center" valign="bottom" width="116">$57.15</td> <td align="center" valign="bottom" width="118">$56.78</td></tr>
<tr> <td align="center" valign="bottom" width="120">BID</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$47.97</td> <td align="center" valign="bottom" width="107">596,905</td> <td align="center" valign="bottom" width="133">11.48%</td> <td align="center" valign="bottom" width="116">$47.45</td> <td align="center" valign="bottom" width="118">$46.12</td></tr>
<tr> <td align="center" valign="bottom" width="120">CRL</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$90.59</td> <td align="center" valign="bottom" width="107">379,627</td> <td align="center" valign="bottom" width="133">3.67%</td> <td align="center" valign="bottom" width="116">$89.52</td> <td align="center" valign="bottom" width="118">$88.71</td></tr>
<tr> <td align="center" valign="bottom" width="120">HPT</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$31.86</td> <td align="center" valign="bottom" width="107">590,151</td> <td align="center" valign="bottom" width="133">0.71%</td> <td align="center" valign="bottom" width="116">$31.00</td> <td align="center" valign="bottom" width="118">$31.84</td></tr>
<tr> <td align="center" valign="bottom" width="120">MYL</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$37.90</td> <td align="center" valign="bottom" width="107">5,747,260</td> <td align="center" valign="bottom" width="133">3.34%</td> <td align="center" valign="bottom" width="116">$37.44</td> <td align="center" valign="bottom" width="118">$39.22</td></tr>
<tr> <td align="center" valign="bottom" width="120">NRP</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$33.60</td> <td align="center" valign="bottom" width="107">59,464</td> <td align="center" valign="bottom" width="133">5.98%</td> <td align="center" valign="bottom" width="116">$32.86</td> <td align="center" valign="bottom" width="118">$34.94</td></tr>
<tr> <td align="center" valign="bottom" width="120">VMC</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$127.74</td> <td align="center" valign="bottom" width="107">1,549,250</td> <td align="center" valign="bottom" width="133">4.49%</td> <td align="center" valign="bottom" width="116">$123.66</td> <td align="center" valign="bottom" width="118">$122.13</td></tr>
<tr> <td align="center" valign="bottom" width="120">WIX</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$73.30</td> <td align="center" valign="bottom" width="107">910,768</td> <td align="center" valign="bottom" width="133">11.52%</td> <td align="center" valign="bottom" width="116">$78.08</td> <td align="center" valign="bottom" width="118">$75.53</td></tr>
<tr> <td align="center" valign="bottom" width="120">APFH</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$40.49</td> <td align="center" valign="bottom" width="107">1,203,410</td> <td align="center" valign="bottom" width="133">2.58%</td> <td align="center" valign="bottom" width="116">$39.55</td> <td align="center" valign="bottom" width="118">$34.67</td></tr>
<tr> <td align="center" valign="bottom" width="120">ATHM</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$35.13</td> <td align="center" valign="bottom" width="107">822,913</td> <td align="center" valign="bottom" width="133">2.23%</td> <td align="center" valign="bottom" width="116">$34.05</td> <td align="center" valign="bottom" width="118">$31.89</td></tr>
<tr> <td align="center" valign="bottom" width="120">CSTE</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$40.55</td> <td align="center" valign="bottom" width="107">216,098</td> <td align="center" valign="bottom" width="133">10.80%</td> <td align="center" valign="bottom" width="116">$39.47</td> <td align="center" valign="bottom" width="118">$37.52</td></tr>
<tr> <td align="center" valign="bottom" width="120">DXPE</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$35.30</td> <td align="center" valign="bottom" width="107">113,417</td> <td align="center" valign="bottom" width="133">23.38%</td> <td align="center" valign="bottom" width="116">$36.61</td> <td align="center" valign="bottom" width="118">$35.59</td></tr>
<tr> <td align="center" valign="bottom" width="120">INCR</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$42.40</td> <td align="center" valign="bottom" width="107">1,099,810</td> <td align="center" valign="bottom" width="133">9.42%</td> <td align="center" valign="bottom" width="116">$43.87</td> <td align="center" valign="bottom" width="118">$43.52</td></tr>
<tr> <td align="center" valign="bottom" width="120">MZOR</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$35.77</td> <td align="center" valign="bottom" width="107">275,786</td> <td align="center" valign="bottom" width="133">3.13%</td> <td align="center" valign="bottom" width="116">$35.47</td> <td align="center" valign="bottom" width="118">$32.57</td></tr>
<tr> <td align="center" valign="bottom" width="120">NCLH</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$55.49</td> <td align="center" valign="bottom" width="107">1,372,110</td> <td align="center" valign="bottom" width="133">8.21%</td> <td align="center" valign="bottom" width="116">$53.06</td> <td align="center" valign="bottom" width="118">$51.62</td></tr>
<tr> <td align="center" valign="bottom" width="120">SATS</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$58.74</td> <td align="center" valign="bottom" width="107">209,630</td> <td align="center" valign="bottom" width="133">2.21%</td> <td align="center" valign="bottom" width="116">$57.81</td> <td align="center" valign="bottom" width="118">$56.18</td></tr>
<tr> <td align="center" valign="bottom" width="120">SODA</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$55.68</td> <td align="center" valign="bottom" width="107">375,106</td> <td align="center" valign="bottom" width="133">15.21%</td> <td align="center" valign="bottom" width="116">$54.95</td> <td align="center" valign="bottom" width="118">$51.35</td></tr>
<tr> <td align="center" valign="bottom" width="120">TRCO</td> <td align="center" valign="bottom" width="81">BMO</td> <td align="center" valign="bottom" width="110">$40.29</td> <td align="center" valign="bottom" width="107">1,416,740</td> <td align="center" valign="bottom" width="133">3.51%</td> <td align="center" valign="bottom" width="116">$37.71</td> <td align="center" valign="bottom" width="118">$38.09</td></tr>
<tr> <td align="center" valign="bottom" width="120">NP</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$77.00</td> <td align="center" valign="bottom" width="107">96,267</td> <td align="center" valign="bottom" width="133">3.02%</td> <td align="center" valign="bottom" width="116">$78.05</td> <td align="center" valign="bottom" width="118">$76.75</td></tr>
<tr> <td align="center" valign="bottom" width="120">ATH</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$53.50</td> <td align="center" valign="bottom" width="107">1,249,700</td> <td align="center" valign="bottom" width="133">4.51% (1*)</td> <td align="center" valign="bottom" width="116">$53.63</td> <td align="center" valign="bottom" width="118">$52.02</td></tr>
<tr> <td align="center" valign="bottom" width="120">BMA</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$87.66</td> <td align="center" valign="bottom" width="107">106,692</td> <td align="center" valign="bottom" width="133">4.69%</td> <td align="center" valign="bottom" width="116">$86.63</td> <td align="center" valign="bottom" width="118">$86.72</td></tr>
<tr> <td align="center" valign="bottom" width="120">CPA</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$121.98</td> <td align="center" valign="bottom" width="107">349,556</td> <td align="center" valign="bottom" width="133">9.63%</td> <td align="center" valign="bottom" width="116">$116.56</td> <td align="center" valign="bottom" width="118">$115.83</td></tr>
<tr> <td align="center" valign="bottom" width="120">DCP</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$36.43</td> <td align="center" valign="bottom" width="107">339,411</td> <td align="center" valign="bottom" width="133">1.75% (1*)</td> <td align="center" valign="bottom" width="116">$37.78</td> <td align="center" valign="bottom" width="118">$37.52</td></tr>
<tr> <td align="center" valign="bottom" width="120">ENV</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$35.50</td> <td align="center" valign="bottom" width="107">323,800</td> <td align="center" valign="bottom" width="133">4.04%</td> <td align="center" valign="bottom" width="116">$34.96</td> <td align="center" valign="bottom" width="118">$33.45</td></tr>
<tr> <td align="center" valign="bottom" width="120">SEP</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$45.09</td> <td align="center" valign="bottom" width="107">436,421</td> <td align="center" valign="bottom" width="133">1.48%</td> <td align="center" valign="bottom" width="116">$44.80</td> <td align="center" valign="bottom" width="118">$43.87</td></tr>
<tr> <td align="center" valign="bottom" width="120">WFM</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$36.87</td> <td align="center" valign="bottom" width="107">6,028,340</td> <td align="center" valign="bottom" width="133">4.67%</td> <td align="center" valign="bottom" width="116">$36.34</td> <td align="center" valign="bottom" width="118">$32.91</td></tr>
<tr> <td align="center" valign="bottom" width="120">BCEI</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$33.83</td> <td align="center" valign="bottom" width="107">40,749</td> <td align="center" valign="bottom" width="133">13.61%</td> <td align="center" valign="bottom" width="116">$0.89</td> <td align="center" valign="bottom" width="118">$1.02</td></tr>
<tr> <td align="center" valign="bottom" width="120">CTRP</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$52.68</td> <td align="center" valign="bottom" width="107">4,002,810</td> <td align="center" valign="bottom" width="133">4.03%</td> <td align="center" valign="bottom" width="116">$50.32</td> <td align="center" valign="bottom" width="118">$49.91</td></tr>
<tr> <td align="center" valign="bottom" width="120">DERM</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$31.96</td> <td align="center" valign="bottom" width="107">303,729</td> <td align="center" valign="bottom" width="133">1.95%</td> <td align="center" valign="bottom" width="116">$33.15</td> <td align="center" valign="bottom" width="118">$33.55</td></tr>
<tr> <td align="center" valign="bottom" width="120">HOLX</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$45.04</td> <td align="center" valign="bottom" width="107">2,268,140</td> <td align="center" valign="bottom" width="133">5.42%</td> <td align="center" valign="bottom" width="116">$44.72</td> <td align="center" valign="bottom" width="118">$43.81</td></tr>
<tr> <td align="center" valign="bottom" width="120">HTHT</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$69.12</td> <td align="center" valign="bottom" width="107">159,606</td> <td align="center" valign="bottom" width="133">2.75%</td> <td align="center" valign="bottom" width="116">$69.17</td> <td align="center" valign="bottom" width="118">$65.36</td></tr>
<tr> <td align="center" valign="bottom" width="120">ICUI</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$155.05</td> <td align="center" valign="bottom" width="107">122,698</td> <td align="center" valign="bottom" width="133">3.40%</td> <td align="center" valign="bottom" width="116">$152.99</td> <td align="center" valign="bottom" width="118">$150.30</td></tr>
<tr> <td align="center" valign="bottom" width="120">INTL</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$36.99</td> <td align="center" valign="bottom" width="107">88,549</td> <td align="center" valign="bottom" width="133">4.02%</td> <td align="center" valign="bottom" width="116">$37.42</td> <td align="center" valign="bottom" width="118">$36.65</td></tr>
<tr> <td align="center" valign="bottom" width="120">NTES</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$264.50</td> <td align="center" valign="bottom" width="107">1,170,000</td> <td align="center" valign="bottom" width="133">6.60%</td> <td align="center" valign="bottom" width="116">$268.66</td> <td align="center" valign="bottom" width="118">$272.90</td></tr>
<tr> <td align="center" valign="bottom" width="120">PBYI</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$30.70</td> <td align="center" valign="bottom" width="107">1,036,430</td> <td align="center" valign="bottom" width="133">7.51%</td> <td align="center" valign="bottom" width="116">$38.45</td> <td align="center" valign="bottom" width="118">$37.27</td></tr>
<tr> <td align="center" valign="bottom" width="120">PEGA</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$45.90</td> <td align="center" valign="bottom" width="107">272,892</td> <td align="center" valign="bottom" width="133">6.73%</td> <td align="center" valign="bottom" width="116">$45.77</td> <td align="center" valign="bottom" width="118">$44.59</td></tr>
<tr> <td align="center" valign="bottom" width="120">SYMC</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$32.30</td> <td align="center" valign="bottom" width="107">5,634,210</td> <td align="center" valign="bottom" width="133">3.56%</td> <td align="center" valign="bottom" width="116">$31.54</td> <td align="center" valign="bottom" width="118">$31.22</td></tr>
<tr> <td align="center" valign="bottom" width="120">WWAV</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$56.24</td> <td align="center" valign="bottom" width="107">1,938,900</td> <td align="center" valign="bottom" width="133">2.02%</td> <td align="center" valign="bottom" width="116">$56.04</td> <td align="center" valign="bottom" width="118">$55.34</td></tr>
<tr> <td align="center" valign="bottom" width="120">ZLTQ</td> <td align="center" valign="bottom" width="81">AMC</td> <td align="center" valign="bottom" width="110">$56.48</td> <td align="center" valign="bottom" width="107">1,741,610</td> <td align="center" valign="bottom" width="133">11.36%</td> <td align="center" valign="bottom" width="116">$56.47</td> <td align="center" valign="bottom" width="119">$55.99</td></tr>
</tbody></table>
<strong></strong> <br />
<strong><u><br /></u></strong> <strong><u>Thursday </u></strong><b><u>May 11:</u></b><br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, PPI-FD – 8:30, Bloomberg Consumer Confidence – 9:45, EIA Natural Gas Report – 10:30, Money Supply – 4:30.<br />
<br />
International Economic: Great Britain Industrial Production and Merchandise Trade – 4:30AM, Bank of England Announcement and Minutes.<br />
<br />
Other: New York Federal Reserve Bank President William Dudley speaks on the Benefits and Challenges from Globalization at the Interaction with President Dudley event held by the U.S. India Business Council, the Confederation of Indian Industry and the Bombay Stock Exchange in Mumbai, India, with audience Q&A – 8:30AM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 796px;"> <tbody>
<tr> <td align="center" valign="bottom" width="121"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="79"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="109"><b><u>5/5 Close</u></b></td> <td align="center" valign="bottom" width="122"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="126"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="106"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="125"><b><u>50% FIB</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="121">OA</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$98.63</td> <td align="center" valign="bottom" width="122">301,389</td> <td align="center" valign="bottom" width="126">2.25%</td> <td align="center" valign="bottom" width="106">$98.63</td> <td align="center" valign="bottom" width="125">$97.36</td></tr>
<tr> <td align="center" valign="bottom" width="121">TU</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$33.29</td> <td align="center" valign="bottom" width="122">421,706</td> <td align="center" valign="bottom" width="126">1.74%</td> <td align="center" valign="bottom" width="106">$33.06</td> <td align="center" valign="bottom" width="125">$32.89</td></tr>
<tr> <td align="center" valign="bottom" width="121">BAM</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$37.74</td> <td align="center" valign="bottom" width="122">1,031,680</td> <td align="center" valign="bottom" width="126">2.47%</td> <td align="center" valign="bottom" width="106">$37.07</td> <td align="center" valign="bottom" width="125">$36.78</td></tr>
<tr> <td align="center" valign="bottom" width="121">DDS</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$57.59</td> <td align="center" valign="bottom" width="122">849,030</td> <td align="center" valign="bottom" width="126">7.22%</td> <td align="center" valign="bottom" width="106">$55.12</td> <td align="center" valign="bottom" width="125">$53.01</td></tr>
<tr> <td align="center" valign="bottom" width="121">ENB</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$41.43</td> <td align="center" valign="bottom" width="122">7,969,900</td> <td align="center" valign="bottom" width="126">1.94%</td> <td align="center" valign="bottom" width="106">$41.57</td> <td align="center" valign="bottom" width="125">$41.62</td></tr>
<tr> <td align="center" valign="bottom" width="121">KSS</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$40.12</td> <td align="center" valign="bottom" width="122">4,292,410</td> <td align="center" valign="bottom" width="126">9.73%</td> <td align="center" valign="bottom" width="106">$39.40</td> <td align="center" valign="bottom" width="125">$39.27</td></tr>
<tr> <td align="center" valign="bottom" width="121">MGA</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$42.29</td> <td align="center" valign="bottom" width="122">1,372,500</td> <td align="center" valign="bottom" width="126">3.11%</td> <td align="center" valign="bottom" width="106">$41.49</td> <td align="center" valign="bottom" width="125">$41.74</td></tr>
<tr> <td align="center" valign="bottom" width="121">PBH</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$56.34</td> <td align="center" valign="bottom" width="122">328,440</td> <td align="center" valign="bottom" width="126">2.55%</td> <td align="center" valign="bottom" width="106">$56.70</td> <td align="center" valign="bottom" width="125">$57.44</td></tr>
<tr> <td align="center" valign="bottom" width="121">GGAL</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$41.63</td> <td align="center" valign="bottom" width="122">367,156</td> <td align="center" valign="bottom" width="126">1.33%</td> <td align="center" valign="bottom" width="106">$39.92</td> <td align="center" valign="bottom" width="125">$39.53</td></tr>
<tr> <td align="center" valign="bottom" width="121">RGLD</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$69.91</td> <td align="center" valign="bottom" width="122">611,756</td> <td align="center" valign="bottom" width="126">3.40%</td> <td align="center" valign="bottom" width="106">$70.10</td> <td align="center" valign="bottom" width="125">$71.39</td></tr>
<tr> <td align="center" valign="bottom" width="121">TEVA</td> <td align="center" valign="bottom" width="79">BMO</td> <td align="center" valign="bottom" width="109">$31.14</td> <td align="center" valign="bottom" width="122">8,148,630</td> <td align="center" valign="bottom" width="126">5.63%</td> <td align="center" valign="bottom" width="106">$31.34</td> <td align="center" valign="bottom" width="125">$31.73</td></tr>
<tr> <td align="center" valign="bottom" width="121">CA</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$32.69</td> <td align="center" valign="bottom" width="122">2,238,170</td> <td align="center" valign="bottom" width="126">3.61%</td> <td align="center" valign="bottom" width="106">$32.65</td> <td align="center" valign="bottom" width="125">$32.16</td></tr>
<tr> <td align="center" valign="bottom" width="121">WB</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$56.67</td> <td align="center" valign="bottom" width="122">1,503,390</td> <td align="center" valign="bottom" width="126">9.23%</td> <td align="center" valign="bottom" width="106">$54.79</td> <td align="center" valign="bottom" width="125">$53.15</td></tr>
<tr> <td align="center" valign="bottom" width="121">JWN</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$49.01</td> <td align="center" valign="bottom" width="122">3,127,910</td> <td align="center" valign="bottom" width="126">7.99%</td> <td align="center" valign="bottom" width="106">$48.10</td> <td align="center" valign="bottom" width="125">$46.77</td></tr>
<tr> <td align="center" valign="bottom" width="121">PAM</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$58.03</td> <td align="center" valign="bottom" width="122">283,668</td> <td align="center" valign="bottom" width="126">1.67%</td> <td align="center" valign="bottom" width="106">$56.80</td> <td align="center" valign="bottom" width="125">$56.69</td></tr>
<tr> <td align="center" valign="bottom" width="121">TTD</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$40.07</td> <td align="center" valign="bottom" width="122">575,544</td> <td align="center" valign="bottom" width="126">5.73%</td> <td align="center" valign="bottom" width="106">$37.38</td> <td align="center" valign="bottom" width="125">$37.54</td></tr>
<tr> <td align="center" valign="bottom" width="121">AVXS</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$80.26</td> <td align="center" valign="bottom" width="122">395,062</td> <td align="center" valign="bottom" width="126">9.18%</td> <td align="center" valign="bottom" width="106">$79.45</td> <td align="center" valign="bottom" width="125">$74.16</td></tr>
<tr> <td align="center" valign="bottom" width="121">CYBR</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$54.21</td> <td align="center" valign="bottom" width="122">454,043</td> <td align="center" valign="bottom" width="126">4.59%</td> <td align="center" valign="bottom" width="106">$52.88</td> <td align="center" valign="bottom" width="125">$52.06</td></tr>
<tr> <td align="center" valign="bottom" width="121">MIDD</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$141.07</td> <td align="center" valign="bottom" width="122">347,206</td> <td align="center" valign="bottom" width="126">3.94%</td> <td align="center" valign="bottom" width="106">$138.53</td> <td align="center" valign="bottom" width="125">$137.39</td></tr>
<tr> <td align="center" valign="bottom" width="121">PRGO</td> <td align="center" valign="bottom" width="79">AMC</td> <td align="center" valign="bottom" width="109">$73.41</td> <td align="center" valign="bottom" width="122">2,062,430</td> <td align="center" valign="bottom" width="126">7.98%</td> <td align="center" valign="bottom" width="106">$71.16</td> <td align="center" valign="bottom" width="125">$70.90</td></tr>
</tbody></table>
<br />
<strong><u>Friday</u></strong><b><u> May 12:</u></b><br />
<b><u></u></b> <br />
Economic: CPI – 8:30, Retail Sales = 8:30, Business Inventories – 10:00 Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
International Economic: Germany CPI and GDP Flash – 2:00AM, Eurozone Industrial Production – 5:00AM.<br />
<br />
Other: Chicago Federal Reserve President Charles Evans speaks about current economic conditions and monetary policy in panel discussion, with audience and media Q&A, at the 56th ACI Financial Markets Association World Conference in Dublin, Ireland – 9:00AM, Philadelphia Federal Reserve Bank President Patrick T. Harker to speak about "Economic Outlook" at the Drexel University Urban Economics Policy Conference in Philadelphia, with audience and media Q&A – 12:30PM.<br />
<br />
Earnings: None meeting criteria.<br />
<br />
<strong></strong> <br />
<strong><u>Sunday May 14:</u></strong><br />
<strong><u></u></strong> <br />
International Economic: China Fixed Asset Investment, Industrial Production, and Retail Sales – 10:00PM.<br />
<br />
<strong></strong> <br />
<a href="https://draft.blogger.com/null" name="_Hlk480626961"></a><a href="https://draft.blogger.com/null" name="_Hlk481159647"></a><b><u>Monday May 15:</u></b><br />
<b><u></u></b> <br />
Economic: Empire State Manufacturing Survey – 8:30, Housing Market Index - 10:00.<br />
<br />
International Economic: No major announcements.<br />
<br />
Earnings: None meeting criteria.Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-30350183579638705912017-04-30T19:11:00.003-05:002017-04-30T19:16:01.304-05:00Market News for the Prepared Mind: 05.01.2017 - 05.08.2017<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
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“Diplomacy is the art of saying 'Nice doggie' until you can find a rock.” – Will Rogers</div>
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“I accept chaos, I'm not sure whether it accepts me.” - Bob Dylan</div>
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“Inflation is the one form of taxation that can be imposed without legislation.” - Milton Friedman</div>
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“Corporations do not pay taxes, they collect them, passing the burden to consumers as a cost of production. And corporate taxation is a feast of rent-seeking - a cornucopia of credits, exemptions and other subsidies conferred by the political class on favored, and grateful, corporations.” - George Will</div>
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A combination of earnings, elections, and taxes led to market performance which was the best of 2017. The week started with a major relief rally as investors celebrated the outcome of the French election and the decrease in the likelihood of “Frexit.” U.S. President Donald Trump's Wednesday release of his tax proposal spurred further gains in the market. The administration’s inability to provide details about their one page, 12 bullet point plan led to investor wariness. Reported Q1 GD disappointed and slowed in the first quarter in France, the UK and US. The wariness about the tax plan and disappointing GDPs were tempered by positive earnings announcements by bellwether stocks Alphabet and Amazon.</div>
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The best week in months has led to renewed discussion by financial talking heads about a market “bubble.” The NASDAQ Composite crossed 6000 last week. Part of the impetus behind the bubble talk is the performance of NASDAQ 100 and the NASDAQ Composite versus the S&P 500. The NASDAQ Indexes YTD performances, 14.80% and 12% respectively, are double the performance of the S$P 500. Calmer heads are pointing to the weighting of the tech-heavy NASDAQ indexes as being the cause of the performance differential. </div>
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Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 994px;" unselectable="on">
<tbody>
<tr>
<td valign="bottom" width="353"><b><u>Index</u></b></td>
<td align="center" valign="bottom" width="134"><b><u>28-Apr</u></b></td>
<td align="center" valign="bottom" width="92"><b><u>Change </u></b></td>
<td align="center" valign="bottom" width="117"><b><u>% Weekly</u></b></td>
<td align="center" valign="bottom" width="110"><b><u>2017 YTD</u></b></td>
<td align="center" valign="bottom" width="180"><b><u>Volatility of Index</u></b></td></tr>
<tr>
<td valign="bottom" width="353">Dow Jones Industrials (DJIA)</td>
<td align="center" valign="bottom" width="134">20,940.51</td>
<td align="center" valign="bottom" width="92">392.75</td>
<td align="center" valign="bottom" width="117">1.91%</td>
<td align="center" valign="bottom" width="110">5.96%</td>
<td align="center" valign="bottom" width="180">10.49% (VXD)</td></tr>
<tr>
<td valign="bottom" width="353">S&P 500 (SPX)</td>
<td align="center" valign="bottom" width="134">2,384.20</td>
<td align="center" valign="bottom" width="92">35.51</td>
<td align="center" valign="bottom" width="117">1.51%</td>
<td align="center" valign="bottom" width="110">6.52%</td>
<td align="center" valign="bottom" width="180">10.82% (VIX)</td></tr>
<tr>
<td valign="bottom" width="353">NASDAQ 100 (NDX)</td>
<td align="center" valign="bottom" width="134">5,583.53</td>
<td align="center" valign="bottom" width="92">141.48</td>
<td align="center" valign="bottom" width="117">2.60%</td>
<td align="center" valign="bottom" width="110">14.80%</td>
<td align="center" valign="bottom" width="180">11.53% (VXN)</td></tr>
<tr>
<td valign="bottom" width="353">Russell 2000 (RUT)</td>
<td align="center" valign="bottom" width="134">1,400.42</td>
<td align="center" valign="bottom" width="92">20.57</td>
<td align="center" valign="bottom" width="117">1.49%</td>
<td align="center" valign="bottom" width="110">3.19%</td>
<td align="center" valign="bottom" width="180">15.34% (RVX)</td></tr>
<tr>
<td valign="bottom" width="353">S&P 100 (OEX)</td>
<td align="center" valign="bottom" width="134">1054.86</td>
<td align="center" valign="bottom" width="92">17.79</td>
<td align="center" valign="bottom" width="117">1.72%</td>
<td align="center" valign="bottom" width="110">6.40%</td>
<td align="center" valign="bottom" width="180">9.25% (VXO)</td></tr>
<tr>
<td valign="bottom" width="353">Crude Oil (CLM7)</td>
<td align="center" valign="bottom" width="134">49.19</td>
<td align="center" valign="bottom" width="92"><span style="color: red;">(0.44)</span></td>
<td align="center" valign="bottom" width="117"><span style="color: red;">-0.89%</span></td>
<td align="center" valign="bottom" width="110"><span style="color: red;">-8.72%</span></td>
<td align="center" valign="bottom" width="180">28.55% (OVX)</td></tr>
<tr>
<td valign="bottom" width="353">Dow Jones Transportation (TRAN)</td>
<td align="center" valign="bottom" width="134">4401.54</td>
<td align="center" valign="bottom" width="92">(<span style="color: red;">31.08)</span></td>
<td align="center" valign="bottom" width="117"><span style="color: red;">-0.70%</span></td>
<td align="center" valign="bottom" width="110"><span style="color: red;">8.64%</span></td>
<td align="center" valign="bottom" width="180">NA</td></tr>
<tr>
<td valign="bottom" width="353">CBOE Volatility Index (VIX)</td>
<td align="center" valign="bottom" width="134">10.82</td>
<td align="center" valign="bottom" width="92">(<span style="color: red;">3.81)</span></td>
<td align="center" valign="bottom" width="117"><span style="color: red;">-26.04%</span></td>
<td align="center" valign="bottom" width="110">NA</td>
<td align="center" valign="bottom" width="180"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<a href="https://draft.blogger.com/null" name="_Hlk478791299"><b><br /></b></a>
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The outcome of last weekend’s French election led to the VIX being crushed. The VIX was down 26%, with the front month future down 14.31%. The VXST, the CBOE Short-term Volatility Index, led the tumble with a decrease of nearly 45%. In fact, all 28 CBOE volatility indexes were down for the week. The volatility crushed led to interesting market commentary.</div>
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In the latest edition of “Barron’s”, Steven Sears writes about the VIX in his column, “The Striking Price.” It is a diatribe against “nauseating amount of meaningless commentary” about the VIX and portfolio hedging. Talk about biting the hand that feeds you. I find it interesting when a market commentator rails against market commentary. It should be taken as a cautionary tale about people trading products they do not understand. A blanket condemnation of the VIX serves no positive purpose. A knowledge of what you are trading is one of the basic rules of basic rules of market participation.</div>
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Sears warns us that a “healthy skepticism toward much of the VIX commentary is needed. It will save you money and lessen your anxiety.” The statement is myopic. Rather, a healthy skepticism towards <b>all financial commentary</b> is needed. The core of any trading discipline is developing one’s own risk reward comfort zone. Education and knowledge, combined with ab understanding of dollar risk of any strategy, are the core of trading discipline.</div>
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Here is an overview of last week for the VIX and related products:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 998px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="445"><b><u>Indexes</u></b></td>
<td align="center" valign="bottom" width="126"><b><u>Ticker</u></b></td>
<td align="center" valign="bottom" width="92"><b><u>28-Apr</u></b></td>
<td align="center" valign="bottom" width="109"><b><u>21-Apr</u></b></td>
<td align="center" valign="bottom" width="95"><b><u>Change </u></b></td>
<td align="center" valign="bottom" width="123"><b><u>% Change</u></b></td></tr>
<tr>
<td width="445">CBOE Volatility Index</td>
<td align="center" valign="bottom" width="126">VIX</td>
<td align="center" valign="bottom" width="92">10.82</td>
<td align="center" valign="bottom" width="109">14.63</td>
<td align="center" valign="bottom" width="95">(<span style="color: red;">3.81)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-26.04%</span></td></tr>
<tr>
<td width="445">VIX May Future (5/17/2017)</td>
<td align="center" valign="bottom" width="126">VXK7</td>
<td align="center" valign="bottom" width="92">12.275</td>
<td align="center" valign="bottom" width="109">14.325</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(2.05)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-14.31%</span></td></tr>
<tr>
<td width="445">VIX June Future (6/21/2017)</td>
<td align="center" valign="bottom" width="126">VXM7</td>
<td align="center" valign="bottom" width="92">13.125</td>
<td align="center" valign="bottom" width="109">14.225</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.10)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-7.73%</span></td></tr>
<tr>
<td width="445">VIX July Future (6/18/2017)</td>
<td align="center" valign="bottom" width="126">VXN7</td>
<td align="center" valign="bottom" width="92">14.000</td>
<td align="center" valign="bottom" width="109">15.275</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.28)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-8.35%</span></td></tr>
<tr>
<td width="445">CBOE Short-term Volatility Index</td>
<td align="center" valign="bottom" width="126">VXST</td>
<td align="center" valign="bottom" width="92">9.42</td>
<td align="center" valign="bottom" width="109">17.09</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(7.67)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-44.88%</span></td></tr>
<tr>
<td width="445">CBOE 3 Month Volatility Index</td>
<td align="center" valign="bottom" width="126">VXV</td>
<td align="center" valign="bottom" width="92">12.93</td>
<td align="center" valign="bottom" width="109">14.75</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.83)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-12.37%</span></td></tr>
<tr>
<td width="445">CBOE Mid-term Volatility Index (6 month)</td>
<td align="center" valign="bottom" width="126">VXMT</td>
<td align="center" valign="bottom" width="92">14.74</td>
<td align="center" valign="bottom" width="109">15.93</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.19)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-7.47%</span></td></tr>
<tr>
<td width="445">VIX of VIX</td>
<td align="center" valign="bottom" width="126">VVIX</td>
<td align="center" valign="bottom" width="92">77.09</td>
<td align="center" valign="bottom" width="109">95.41</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(18.32)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-19.20%</span></td></tr>
<tr>
<td width="445">CBOE SKEW Index</td>
<td align="center" valign="bottom" width="126">SKEW</td>
<td align="center" valign="bottom" width="92">146.98</td>
<td align="center" valign="bottom" width="109">148.42</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.44)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-0.97%</span></td></tr>
<tr>
<td width="445"><b><u>Long VIX ETP's</u></b></td>
<td align="center" valign="bottom" width="126"></td>
<td align="center" valign="bottom" width="92"></td>
<td align="center" valign="bottom" width="109"></td>
<td align="center" valign="bottom" width="95"></td>
<td align="center" valign="bottom" width="123"></td></tr>
<tr>
<td width="445">ProShares Ultra VIX Short Term Futures ETF</td>
<td align="center" valign="bottom" width="126">UVXY</td>
<td align="center" valign="bottom" width="92">14.18</td>
<td align="center" valign="bottom" width="109">18.49</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(4.31)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-23.31%</span></td></tr>
<tr>
<td width="445">iPath S&P 500 VIX Short Term Futures ETN</td>
<td align="center" valign="bottom" width="126">VXX</td>
<td align="center" valign="bottom" width="92">15.01</td>
<td align="center" valign="bottom" width="109">17.20</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(2.19)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-12.73%</span></td></tr>
<tr>
<td width="445">ProShares VIX Short Term Futures ETF</td>
<td align="center" valign="bottom" width="126">VIXY</td>
<td align="center" valign="bottom" width="92">12.51</td>
<td align="center" valign="bottom" width="109">14.35</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.84)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-12.82%</span></td></tr>
<tr>
<td width="445">iPath S&P 500 VIX Mid-Term Futures ETN</td>
<td align="center" valign="bottom" width="126">VXZ</td>
<td align="center" valign="bottom" width="92">24.74</td>
<td align="center" valign="bottom" width="109">25.86</td>
<td align="center" valign="bottom" width="95"><span style="color: red;">(1.12)</span></td>
<td align="center" valign="bottom" width="123"><span style="color: red;">-4.33%</span></td></tr>
<tr>
<td width="445"><b><u>Inverse VIX ETP's </u></b></td>
<td align="center" valign="bottom" width="126"></td>
<td align="center" valign="bottom" width="92"></td>
<td align="center" valign="bottom" width="109"></td>
<td align="center" valign="bottom" width="95"></td>
<td align="center" valign="bottom" width="123"></td></tr>
<tr>
<td width="445">ProShares Short VIX Short Term Future ETF</td>
<td align="center" valign="bottom" width="126">SVXY</td>
<td align="center" valign="bottom" width="92">145.05</td>
<td align="center" valign="bottom" width="109">127.88</td>
<td align="center" valign="bottom" width="95">17.17</td>
<td align="center" valign="bottom" width="123">13.43%</td></tr>
<tr>
<td width="445">Daily Inverse VIX Short Term ETN</td>
<td align="center" valign="bottom" width="126">XIV</td>
<td align="center" valign="bottom" width="92">75.09</td>
<td align="center" valign="bottom" width="109">66.26</td>
<td align="center" valign="bottom" width="95">8.83</td>
<td align="center" valign="bottom" width="123">13.33%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<b></b>
<br />
<div align="justify">
The first week of May provides a plethora of employment reports, concluding with the US. Employment Situation report on Friday. on Wednesday's FOMC statement where no change, given the softness of economic growth, is the universal expectation. Instead it will be Friday's employment report that will be the week's focus with the Econoday consensus calling for significant improvement, Monday with personal income and spending that will offer a March breakdown of the first-quarter's disappointing GDP data. Tuesday's vehicle sales will not only offer definitive indications on the economic strength of April but also offer the first clues on second-quarter GDP.</div>
<div align="justify">
<br /></div>
<div align="justify">
Strong profit reports, along with conference calls with positive forecasts, have been a driving force behind stocks moving upward. First quarter earnings announcement will continue the next three weeks. Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprises which may occur in any trading campaign. 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. The earnings highlights this week, for widely held and actively traded stocks, are: Mondelez Int’l, Merck, Cummins, Pfizer, Mosaic, CVS Health, ConocoPhillips, Apple, Emerson electric, MetLife, Yum!, ADP, Facebook, AIG, Reynolds American, Exelon, Estee Lauder, Prudential, CBS, Viacom, and Berkshire Hathaway.</div>
<div align="justify">
<br /></div>
<b><u></u></b>
Advice to stimulate your imagination:<br />
<br />
<div align="center">
It's a cruel and random world, but the chaos is all so beautiful.” - Hiromu Arakawa</div>
<div align="center">
<br /></div>
<div align="center">
“If you do not actively attack the risks, they will actively attack you.” - Tom Gib</div>
<div align="center">
<br /></div>
<div align="center">
"The income tax has made more liars out of the American people than golf has." – Will Rogers</div>
<div align="center">
<br /></div>
<div align="center">
"The easy way out usually leads back in." - Peter Senge</div>
<div align="center">
<br /></div>
<div align="left">
<b><u>Monday May 1:</u></b>
<br />
<b><u><br /></u></b></div>
<b><u></u></b>
Economic: Personal Income and Outlays – 8:30, Gallup Consumer Spending Measure – 8:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 10:00, Construction Spending – 10:00, Gallup US Consumer Spending Measure.<br />
<br />
International Economic: Bank of Japan - Minutes 8:50.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 744px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td>
<td valign="bottom" width="76"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="107"><b><u>4/28 Close</u></b></td>
<td align="center" valign="bottom" width="122"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="100"><b><u>MEAN</u></b></td>
<td align="center" valign="bottom" width="113"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="102"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="116"><a href="file:///C:/Users/Frank/AppData/Local/Temp/OpenLiveWriter2091304910/supfiles5CA5C/clip_image002_thumb[2].gif"><img alt="clip_image002_thumb" border="0" height="4" src="file:///C:/Users/Frank/AppData/Local/Temp/OpenLiveWriter2091304910/supfiles5CA5C/clip_image002_thumb_thumb.gif" style="background-image: none; border-bottom: 0px; border-left: 0px; border-right: 0px; border-top: 0px; display: inline; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="clip_image002_thumb" width="2" /></a>CAH</td>
<td valign="bottom" width="76">BMO</td>
<td align="center" valign="bottom" width="107">$72.59</td>
<td align="center" valign="bottom" width="122">2,268,510</td>
<td align="center" valign="bottom" width="100">4.10%</td>
<td align="center" valign="bottom" width="113">$74.43</td>
<td align="center" valign="bottom" width="102">$77.05</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CMS</td>
<td valign="bottom" width="76">BMO</td>
<td align="center" valign="bottom" width="107">$45.40</td>
<td align="center" valign="bottom" width="122">1,872,040</td>
<td align="center" valign="bottom" width="100">0.92%</td>
<td align="center" valign="bottom" width="113">$45.34</td>
<td align="center" valign="bottom" width="102">$45.10</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CC</td>
<td valign="bottom" width="76">AMC</td>
<td align="center" valign="bottom" width="107">4</td>
<td align="center" valign="bottom" width="122">2,508,670</td>
<td align="center" valign="bottom" width="100">6.82%</td>
<td align="center" valign="bottom" width="113">$37.62</td>
<td align="center" valign="bottom" width="102">$36.53</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ARE</td>
<td valign="bottom" width="76">AMC</td>
<td align="center" valign="bottom" width="107">$112.51</td>
<td align="center" valign="bottom" width="122">1,077,590</td>
<td align="center" valign="bottom" width="100">1.20%</td>
<td align="center" valign="bottom" width="113">$114.51</td>
<td align="center" valign="bottom" width="102">$112.81</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EIX</td>
<td valign="bottom" width="76">AMC</td>
<td align="center" valign="bottom" width="107">$79.97</td>
<td align="center" valign="bottom" width="122">1,788,850</td>
<td align="center" valign="bottom" width="100">1.01%</td>
<td align="center" valign="bottom" width="113">$80.56</td>
<td align="center" valign="bottom" width="102">$80.09</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FLS</td>
<td valign="bottom" width="76">AMC</td>
<td align="center" valign="bottom" width="107">$50.87</td>
<td align="center" valign="bottom" width="122">1,544,110</td>
<td align="center" valign="bottom" width="100">3.76%</td>
<td align="center" valign="bottom" width="113">$49.04</td>
<td align="center" valign="bottom" width="102">$48.25</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NBL</td>
<td valign="bottom" width="76">AMC</td>
<td align="center" valign="bottom" width="107">$32.33</td>
<td align="center" valign="bottom" width="122">4,391,240</td>
<td align="center" valign="bottom" width="100">1.55%</td>
<td align="center" valign="bottom" width="113">$34.16</td>
<td align="center" valign="bottom" width="102">$34.03</td></tr>
<tr>
<td align="center" valign="bottom" width="116">SBAC</td>
<td valign="bottom" width="76">AMC</td>
<td align="center" valign="bottom" width="107">$126.49</td>
<td align="center" valign="bottom" width="122">1,107,310</td>
<td align="center" valign="bottom" width="100">3.46%</td>
<td align="center" valign="bottom" width="113">$124.35</td>
<td align="center" valign="bottom" width="102">$120.80</td></tr>
</tbody></table>
<strong></strong>
<b><u>Tuesday May 2:</u></b>
<br />
<strong></strong>
Economic: Motor Vehicle Sales, Gallup US ECI – 8:30, Redbook – 8:55<a href="https://draft.blogger.com/null" name="_Hlk480133279">.</a>
<br />
<a href="https://draft.blogger.com/null" name="_Hlk480133279"><br /></a>
International Economic: France PMI Manufacturing Index – 2:50AM, Germany Manufacturing Index – 3:55AM, Germany Unemployment Rate – 3:55, Eurozone Manufacturing Index - 4:00AM, Eurozone Unemployment Rate – 5:00AM<br />
<br />
Other: <b>FOMC meeting begins.</b><br />
<br />
<strong></strong>
Earnings:
<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 748px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="74"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="107"><b><u>4/28 Close</u></b></td>
<td align="center" valign="bottom" width="127"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="100"><b><u>MEAN</u></b></td>
<td align="center" valign="bottom" width="111"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="105"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="116">BP</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$34.32</td>
<td align="center" valign="bottom" width="127">6,678,490</td>
<td align="center" valign="bottom" width="100">4.34%</td>
<td align="center" valign="bottom" width="111">$34.51</td>
<td align="center" valign="bottom" width="105">$34.63</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MA</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$116.32</td>
<td align="center" valign="bottom" width="127">2,998,080</td>
<td align="center" valign="bottom" width="100">2.37%</td>
<td align="center" valign="bottom" width="111">$114.27</td>
<td align="center" valign="bottom" width="105">$113.82</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MO</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$71.78</td>
<td align="center" valign="bottom" width="127">6,329,420</td>
<td align="center" valign="bottom" width="100">0.79%</td>
<td align="center" valign="bottom" width="111">$71.90</td>
<td align="center" valign="bottom" width="105">$73.58</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ADM</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$45.75</td>
<td align="center" valign="bottom" width="127">2,975,140</td>
<td align="center" valign="bottom" width="100">3.30%</td>
<td align="center" valign="bottom" width="111">$45.07</td>
<td align="center" valign="bottom" width="105">$45.28</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AET</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$135.07</td>
<td align="center" valign="bottom" width="127">2,726,010</td>
<td align="center" valign="bottom" width="100">0.89%</td>
<td align="center" valign="bottom" width="111">$131.32</td>
<td align="center" valign="bottom" width="105">$130.14</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AME</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$57.20</td>
<td align="center" valign="bottom" width="127">1,718,680</td>
<td align="center" valign="bottom" width="100">2.98%</td>
<td align="center" valign="bottom" width="111">$55.26</td>
<td align="center" valign="bottom" width="105">$54.99</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BDX</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$186.97</td>
<td align="center" valign="bottom" width="127">1,119,940</td>
<td align="center" valign="bottom" width="100">2.24%</td>
<td align="center" valign="bottom" width="111">$182.39</td>
<td align="center" valign="bottom" width="105">$181.03</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CMI</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$150.94</td>
<td align="center" valign="bottom" width="127">1,229,220</td>
<td align="center" valign="bottom" width="100">2.44%</td>
<td align="center" valign="bottom" width="111">$147.70</td>
<td align="center" valign="bottom" width="105">$148.74</td></tr>
<tr>
<td align="center" valign="bottom" width="116">COH</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$39.39</td>
<td align="center" valign="bottom" width="127">3,572,320</td>
<td align="center" valign="bottom" width="100">3.09%</td>
<td align="center" valign="bottom" width="111">$39.53</td>
<td align="center" valign="bottom" width="105">$39.81</td></tr>
<tr>
<td align="center" valign="bottom" width="116">COP</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$47.91</td>
<td align="center" valign="bottom" width="127">7,963,190</td>
<td align="center" valign="bottom" width="100">1.75%</td>
<td align="center" valign="bottom" width="111">$48.28</td>
<td align="center" valign="bottom" width="105">$46.94</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CVS</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$82.44</td>
<td align="center" valign="bottom" width="127">6,732,900</td>
<td align="center" valign="bottom" width="100">4.87%</td>
<td align="center" valign="bottom" width="111">$79.85</td>
<td align="center" valign="bottom" width="105">$79.73</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EMR</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$60.28</td>
<td align="center" valign="bottom" width="127">3,885,340</td>
<td align="center" valign="bottom" width="100">2.75%</td>
<td align="center" valign="bottom" width="111">$59.42</td>
<td align="center" valign="bottom" width="105">$59.54</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ETN</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$75.64</td>
<td align="center" valign="bottom" width="127">2,345,700</td>
<td align="center" valign="bottom" width="100">1.70%</td>
<td align="center" valign="bottom" width="111">$74.90</td>
<td align="center" valign="bottom" width="105">$74.42</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FIS</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$84.19</td>
<td align="center" valign="bottom" width="127">1,628,940</td>
<td align="center" valign="bottom" width="100">4.10%</td>
<td align="center" valign="bottom" width="111">$82.14</td>
<td align="center" valign="bottom" width="105">$81.73</td></tr>
<tr>
<td align="center" valign="bottom" width="116">GEO</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$33.32</td>
<td align="center" valign="bottom" width="127">1,607,710</td>
<td align="center" valign="bottom" width="100">1.91%</td>
<td align="center" valign="bottom" width="111">$26.46</td>
<td align="center" valign="bottom" width="105">$26.00</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HCA</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$84.21</td>
<td align="center" valign="bottom" width="127">2,387,280</td>
<td align="center" valign="bottom" width="100">1.12%</td>
<td align="center" valign="bottom" width="111">$84.67</td>
<td align="center" valign="bottom" width="105">$86.19</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HCP</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$31.35</td>
<td align="center" valign="bottom" width="127">4,211,000</td>
<td align="center" valign="bottom" width="100">4.24%</td>
<td align="center" valign="bottom" width="111">$32.16</td>
<td align="center" valign="bottom" width="105">$31.41</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HLT</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$58.97</td>
<td align="center" valign="bottom" width="127">2,175,510</td>
<td align="center" valign="bottom" width="100">2.34%</td>
<td align="center" valign="bottom" width="111">$58.06</td>
<td align="center" valign="bottom" width="105">$58.47</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MRK</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$62.33</td>
<td align="center" valign="bottom" width="127">9,033,040</td>
<td align="center" valign="bottom" width="100">1.75%</td>
<td align="center" valign="bottom" width="111">$62.45</td>
<td align="center" valign="bottom" width="105">$63.01</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NNN</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$42.22</td>
<td align="center" valign="bottom" width="127">1,082,370</td>
<td align="center" valign="bottom" width="100">1.21%</td>
<td align="center" valign="bottom" width="111">$44.62</td>
<td align="center" valign="bottom" width="105">$44.27</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PCG</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$67.05</td>
<td align="center" valign="bottom" width="127">2,121,580</td>
<td align="center" valign="bottom" width="100">0.46%</td>
<td align="center" valign="bottom" width="111">$67.39</td>
<td align="center" valign="bottom" width="105">$67.05</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PFE</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$33.92</td>
<td align="center" valign="bottom" width="127">23,052,700</td>
<td align="center" valign="bottom" width="100">2.13%</td>
<td align="center" valign="bottom" width="111">$33.79</td>
<td align="center" valign="bottom" width="105">$34.02</td></tr>
<tr>
<td align="center" valign="bottom" width="116">WEC</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$60.52</td>
<td align="center" valign="bottom" width="127">1,982,930</td>
<td align="center" valign="bottom" width="100">1.56%</td>
<td align="center" valign="bottom" width="111">$60.59</td>
<td align="center" valign="bottom" width="105">$60.57</td></tr>
<tr>
<td align="center" valign="bottom" width="116">WNR</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$34.49</td>
<td align="center" valign="bottom" width="127">1,069,780</td>
<td align="center" valign="bottom" width="100">5.50%</td>
<td align="center" valign="bottom" width="111">$34.13</td>
<td align="center" valign="bottom" width="105">$34.39</td></tr>
<tr>
<td align="center" valign="bottom" width="116">XYL</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$51.41</td>
<td align="center" valign="bottom" width="127">1,538,570</td>
<td align="center" valign="bottom" width="100">1.71%</td>
<td align="center" valign="bottom" width="111">$50.40</td>
<td align="center" valign="bottom" width="105">$49.98</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CHTR</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$345.16</td>
<td align="center" valign="bottom" width="127">1,170,770</td>
<td align="center" valign="bottom" width="100">2.99%</td>
<td align="center" valign="bottom" width="111">$337.53</td>
<td align="center" valign="bottom" width="105">$334.65</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EXPD</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$56.09</td>
<td align="center" valign="bottom" width="127">1,082,230</td>
<td align="center" valign="bottom" width="100">3.25%</td>
<td align="center" valign="bottom" width="111">$56.38</td>
<td align="center" valign="bottom" width="105">$56.43</td></tr>
<tr>
<td align="center" valign="bottom" width="116">SHOP</td>
<td align="center" valign="bottom" width="74">BMO</td>
<td align="center" valign="bottom" width="107">$75.95</td>
<td align="center" valign="bottom" width="127">1,395,820</td>
<td align="center" valign="bottom" width="100">7.09%</td>
<td align="center" valign="bottom" width="111">$73.87</td>
<td align="center" valign="bottom" width="105">$71.47</td></tr>
<tr>
<td align="center" valign="bottom" width="116">APC</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$57.02</td>
<td align="center" valign="bottom" width="127">4,313,630</td>
<td align="center" valign="bottom" width="100">1.95%</td>
<td align="center" valign="bottom" width="111">$59.67</td>
<td align="center" valign="bottom" width="105">$59.86</td></tr>
<tr>
<td align="center" valign="bottom" width="116">DVA</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$69.01</td>
<td align="center" valign="bottom" width="127">1,154,240</td>
<td align="center" valign="bottom" width="100">2.96%</td>
<td align="center" valign="bottom" width="111">$68.18</td>
<td align="center" valign="bottom" width="105">$67.32</td></tr>
<tr>
<td align="center" valign="bottom" width="116">DVN</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$39.49</td>
<td align="center" valign="bottom" width="127">4,582,330</td>
<td align="center" valign="bottom" width="100">4.55%</td>
<td align="center" valign="bottom" width="111">$40.12</td>
<td align="center" valign="bottom" width="105">$40.77</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FMC</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$73.23</td>
<td align="center" valign="bottom" width="127">1,741,050</td>
<td align="center" valign="bottom" width="100">7.07%</td>
<td align="center" valign="bottom" width="111">$73.39</td>
<td align="center" valign="bottom" width="105">$67.59</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NFX</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$34.62</td>
<td align="center" valign="bottom" width="127">2,989,030</td>
<td align="center" valign="bottom" width="100">5.20%</td>
<td align="center" valign="bottom" width="111">$35.31</td>
<td align="center" valign="bottom" width="105">$35.30</td></tr>
<tr>
<td align="center" valign="bottom" width="116">OKE</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$52.61</td>
<td align="center" valign="bottom" width="127">3,018,180</td>
<td align="center" valign="bottom" width="100">4.08%</td>
<td align="center" valign="bottom" width="111">$54.12</td>
<td align="center" valign="bottom" width="105">$54.56</td></tr>
<tr>
<td align="center" valign="bottom" width="116">OKS</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$51.46</td>
<td align="center" valign="bottom" width="127">1,308,160</td>
<td align="center" valign="bottom" width="100">2.95%</td>
<td align="center" valign="bottom" width="111">$52.97</td>
<td align="center" valign="bottom" width="105">$53.20</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TEX</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$34.98</td>
<td align="center" valign="bottom" width="127">1,524,500</td>
<td align="center" valign="bottom" width="100">1.15%</td>
<td align="center" valign="bottom" width="111">$33.16</td>
<td align="center" valign="bottom" width="105">$32.55</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AAPL</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$143.65</td>
<td align="center" valign="bottom" width="127">25,228,300</td>
<td align="center" valign="bottom" width="100">5.26%</td>
<td align="center" valign="bottom" width="111">$142.51</td>
<td align="center" valign="bottom" width="105">$142.04</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AKAM</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$60.94</td>
<td align="center" valign="bottom" width="127">2,136,580</td>
<td align="center" valign="bottom" width="100">10.60%</td>
<td align="center" valign="bottom" width="111">$60.19</td>
<td align="center" valign="bottom" width="105">$61.14</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EVHC</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$56.03</td>
<td align="center" valign="bottom" width="127">1,611,590</td>
<td align="center" valign="bottom" width="100">2.78%</td>
<td align="center" valign="bottom" width="111">$56.64</td>
<td align="center" valign="bottom" width="105">$59.76</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FANG</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$99.84</td>
<td align="center" valign="bottom" width="127">1,577,980</td>
<td align="center" valign="bottom" width="100">1.66%</td>
<td align="center" valign="bottom" width="111">$102.48</td>
<td align="center" valign="bottom" width="105">$102.81</td></tr>
<tr>
<td align="center" valign="bottom" width="116">GILD</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$68.55</td>
<td align="center" valign="bottom" width="127">9,701,500</td>
<td align="center" valign="bottom" width="100">7.05%</td>
<td align="center" valign="bottom" width="111">$66.81</td>
<td align="center" valign="bottom" width="105">$67.23</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MDLZ</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$45.03</td>
<td align="center" valign="bottom" width="127">7,890,740</td>
<td align="center" valign="bottom" width="100">2.74%</td>
<td align="center" valign="bottom" width="111">$44.85</td>
<td align="center" valign="bottom" width="105">$44.30</td></tr>
<tr>
<td align="center" valign="bottom" width="116">RSPP</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$38.05</td>
<td align="center" valign="bottom" width="127">1,697,400</td>
<td align="center" valign="bottom" width="100">2.93%</td>
<td align="center" valign="bottom" width="111">$38.27</td>
<td align="center" valign="bottom" width="105">$39.45</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TWLO</td>
<td align="center" valign="bottom" width="74">AMC</td>
<td align="center" valign="bottom" width="107">$33.05</td>
<td align="center" valign="bottom" width="127">3,404,250</td>
<td align="center" valign="bottom" width="100">2.35%</td>
<td align="center" valign="bottom" width="111">$31.40</td>
<td align="center" valign="bottom" width="105">$30.02</td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong></strong>
<strong></strong>
<strong><u>Wednesday</u></strong><b><u> May 3:<strong></strong></u></b>
<br />
<b><u><br /></u></b>
<strong></strong>
Economic: MBA Mortgage Applications – 7:00, ADP Employment Report – 8:15, Gallup US Job Creation Index – 8:30, PMI Services Index – 9:45. ISM non-Manufacturing Index – 10:00, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Eurozone PPI – 5:00AM, China General Services PMI – 9:00PM.<br />
<br />
Other: <b>FOMC Meeting Announcement – 2:00.</b><br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 746px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="72"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="104"><b><u>4/28 Close</u></b></td>
<td align="center" valign="bottom" width="124"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="100"><b><u>MEAN</u></b></td>
<td align="center" valign="bottom" width="110"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="112"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="116">Q</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$84.28</td>
<td align="center" valign="bottom" width="124">1,473,170</td>
<td align="center" valign="bottom" width="100">1.70%</td>
<td align="center" valign="bottom" width="110">$81.69</td>
<td align="center" valign="bottom" width="112">$80.45</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BG</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$79.03</td>
<td align="center" valign="bottom" width="124">1,332,560</td>
<td align="center" valign="bottom" width="100">7.52%</td>
<td align="center" valign="bottom" width="110">$77.73</td>
<td align="center" valign="bottom" width="112">$78.36</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EL</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$87.14</td>
<td align="center" valign="bottom" width="124">1,895,100</td>
<td align="center" valign="bottom" width="100">3.88%</td>
<td align="center" valign="bottom" width="110">$86.20</td>
<td align="center" valign="bottom" width="112">$85.88</td></tr>
<tr>
<td align="center" valign="bottom" width="116">SO</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$49.80</td>
<td align="center" valign="bottom" width="124">5,352,240</td>
<td align="center" valign="bottom" width="100">1.38%</td>
<td align="center" valign="bottom" width="110">$49.90</td>
<td align="center" valign="bottom" width="112">$50.24</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ADP</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$104.49</td>
<td align="center" valign="bottom" width="124">1,744,970</td>
<td align="center" valign="bottom" width="100">3.42%</td>
<td align="center" valign="bottom" width="110">$103.20</td>
<td align="center" valign="bottom" width="112">$102.88</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ALL</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$81.29</td>
<td align="center" valign="bottom" width="124">1,846,950</td>
<td align="center" valign="bottom" width="100">1.98%</td>
<td align="center" valign="bottom" width="110">$80.79</td>
<td align="center" valign="bottom" width="112">$80.80</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BUD</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$113.24</td>
<td align="center" valign="bottom" width="124">1,649,830</td>
<td align="center" valign="bottom" width="100">2.95%</td>
<td align="center" valign="bottom" width="110">$110.84</td>
<td align="center" valign="bottom" width="112">$111.14</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HUM</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$221.98</td>
<td align="center" valign="bottom" width="124">1,439,560</td>
<td align="center" valign="bottom" width="100">1.62%</td>
<td align="center" valign="bottom" width="110">$214.70</td>
<td align="center" valign="bottom" width="112">$212.72</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ICE</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$60.20</td>
<td align="center" valign="bottom" width="124">2,928,200</td>
<td align="center" valign="bottom" width="100">4.43%</td>
<td align="center" valign="bottom" width="110">$60.36</td>
<td align="center" valign="bottom" width="112">$60.17</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NVO</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$38.68</td>
<td align="center" valign="bottom" width="124">2,531,690</td>
<td align="center" valign="bottom" width="100">7.93%</td>
<td align="center" valign="bottom" width="110">$36.64</td>
<td align="center" valign="bottom" width="112">$35.99</td></tr>
<tr>
<td align="center" valign="bottom" width="116">OLN</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$32.13</td>
<td align="center" valign="bottom" width="124">2,505,900</td>
<td align="center" valign="bottom" width="100">3.09%</td>
<td align="center" valign="bottom" width="110">$31.98</td>
<td align="center" valign="bottom" width="112">$31.98</td></tr>
<tr>
<td align="center" valign="bottom" width="116">RAI</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$64.50</td>
<td align="center" valign="bottom" width="124">5,817,370</td>
<td align="center" valign="bottom" width="100">1.68%</td>
<td align="center" valign="bottom" width="110">$64.17</td>
<td align="center" valign="bottom" width="112">$63.35</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TAP</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$95.89</td>
<td align="center" valign="bottom" width="124">1,455,970</td>
<td align="center" valign="bottom" width="100">1.62%</td>
<td align="center" valign="bottom" width="110">$95.62</td>
<td align="center" valign="bottom" width="112">$96.46</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TWX</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$99.27</td>
<td align="center" valign="bottom" width="124">3,185,970</td>
<td align="center" valign="bottom" width="100">1.43%</td>
<td align="center" valign="bottom" width="110">$99.70</td>
<td align="center" valign="bottom" width="112">$98.58</td></tr>
<tr>
<td align="center" valign="bottom" width="116">YUM</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$65.75</td>
<td align="center" valign="bottom" width="124">2,695,360</td>
<td align="center" valign="bottom" width="100">1.62%</td>
<td align="center" valign="bottom" width="110">$64.96</td>
<td align="center" valign="bottom" width="112">$64.77</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BERY</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$50.00</td>
<td align="center" valign="bottom" width="124">1,199,230</td>
<td align="center" valign="bottom" width="100">1.90%</td>
<td align="center" valign="bottom" width="110">$49.45</td>
<td align="center" valign="bottom" width="112">$49.04</td></tr>
<tr>
<td align="center" valign="bottom" width="116">DISH</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$64.44</td>
<td align="center" valign="bottom" width="124">3,692,410</td>
<td align="center" valign="bottom" width="100">1.60%</td>
<td align="center" valign="bottom" width="110">$60.94</td>
<td align="center" valign="bottom" width="112">$61.45</td></tr>
<tr>
<td align="center" valign="bottom" width="116">DLPH</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$80.40</td>
<td align="center" valign="bottom" width="124">1,948,930</td>
<td align="center" valign="bottom" width="100">2.99%</td>
<td align="center" valign="bottom" width="110">$77.05</td>
<td align="center" valign="bottom" width="112">$77.30</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ESPR</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$35.75</td>
<td align="center" valign="bottom" width="124">2,200,300</td>
<td align="center" valign="bottom" width="100">2.97%</td>
<td align="center" valign="bottom" width="110">$37.26</td>
<td align="center" valign="bottom" width="112">$38.06</td></tr>
<tr>
<td align="center" valign="bottom" width="116">GRMN</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$50.84</td>
<td align="center" valign="bottom" width="124">1,320,900</td>
<td align="center" valign="bottom" width="100">5.80%</td>
<td align="center" valign="bottom" width="110">$49.92</td>
<td align="center" valign="bottom" width="112">$50.15</td></tr>
<tr>
<td align="center" valign="bottom" width="116">IONS</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$48.19</td>
<td align="center" valign="bottom" width="124">1,641,510</td>
<td align="center" valign="bottom" width="100">9.25%</td>
<td align="center" valign="bottom" width="110">$44.40</td>
<td align="center" valign="bottom" width="112">$43.38</td></tr>
<tr>
<td align="center" valign="bottom" width="116">SBGI</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$39.45</td>
<td align="center" valign="bottom" width="124">1,434,100</td>
<td align="center" valign="bottom" width="100">3.41%</td>
<td align="center" valign="bottom" width="110">$39.71</td>
<td align="center" valign="bottom" width="112">$39.70</td></tr>
<tr>
<td align="center" valign="bottom" width="116">VOYA</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="104">$37.38</td>
<td align="center" valign="bottom" width="124">1,667,850</td>
<td align="center" valign="bottom" width="100">5.16%</td>
<td align="center" valign="bottom" width="110">$36.93</td>
<td align="center" valign="bottom" width="112">$37.09</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ES</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$59.40</td>
<td align="center" valign="bottom" width="124">1,447,980</td>
<td align="center" valign="bottom" width="100">0.89%</td>
<td align="center" valign="bottom" width="110">$59.85</td>
<td align="center" valign="bottom" width="112">$59.38</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FB</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$150.25</td>
<td align="center" valign="bottom" width="124">16,524,600</td>
<td align="center" valign="bottom" width="100">3.98%</td>
<td align="center" valign="bottom" width="110">$143.77</td>
<td align="center" valign="bottom" width="112">$142.68</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AIG</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$60.91</td>
<td align="center" valign="bottom" width="124">7,073,280</td>
<td align="center" valign="bottom" width="100">5.35%</td>
<td align="center" valign="bottom" width="110">$59.78</td>
<td align="center" valign="bottom" width="112">$60.80</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ALB</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$108.91</td>
<td align="center" valign="bottom" width="124">1,028,820</td>
<td align="center" valign="bottom" width="100">6.52%</td>
<td align="center" valign="bottom" width="110">$106.19</td>
<td align="center" valign="bottom" width="112">$105.94</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CAR</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$30.50</td>
<td align="center" valign="bottom" width="124">2,376,610</td>
<td align="center" valign="bottom" width="100">9.30%</td>
<td align="center" valign="bottom" width="110">$29.86</td>
<td align="center" valign="bottom" width="112">$29.48</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CLR</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$42.41</td>
<td align="center" valign="bottom" width="124">2,675,560</td>
<td align="center" valign="bottom" width="100">4.55%</td>
<td align="center" valign="bottom" width="110">$43.81</td>
<td align="center" valign="bottom" width="112">$44.62</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CXO</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$126.66</td>
<td align="center" valign="bottom" width="124">1,345,720</td>
<td align="center" valign="bottom" width="100">4.13%</td>
<td align="center" valign="bottom" width="110">$128.91</td>
<td align="center" valign="bottom" width="112">$128.25</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CXW</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$34.45</td>
<td align="center" valign="bottom" width="124">1,201,230</td>
<td align="center" valign="bottom" width="100">4.79%</td>
<td align="center" valign="bottom" width="110">$33.94</td>
<td align="center" valign="bottom" width="112">$32.70</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ETP</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$35.93</td>
<td align="center" valign="bottom" width="124">2,958,190</td>
<td align="center" valign="bottom" width="100">3.04%</td>
<td align="center" valign="bottom" width="110">$35.51</td>
<td align="center" valign="bottom" width="112">$35.51</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FLT</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$141.14</td>
<td align="center" valign="bottom" width="124">1,424,320</td>
<td align="center" valign="bottom" width="100">7.12%</td>
<td align="center" valign="bottom" width="110">$146.70</td>
<td align="center" valign="bottom" width="112">$150.44</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FNF</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$40.95</td>
<td align="center" valign="bottom" width="124">1,056,230</td>
<td align="center" valign="bottom" width="100">2.11%</td>
<td align="center" valign="bottom" width="110">$39.80</td>
<td align="center" valign="bottom" width="112">$39.88</td></tr>
<tr>
<td align="center" valign="bottom" width="116">KHC</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$90.39</td>
<td align="center" valign="bottom" width="124">3,172,620</td>
<td align="center" valign="bottom" width="100">2.62%</td>
<td align="center" valign="bottom" width="110">$91.77</td>
<td align="center" valign="bottom" width="112">$91.53</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LNC</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$65.93</td>
<td align="center" valign="bottom" width="124">1,900,600</td>
<td align="center" valign="bottom" width="100">3.68%</td>
<td align="center" valign="bottom" width="110">$65.13</td>
<td align="center" valign="bottom" width="112">$64.72</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LNT</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$39.32</td>
<td align="center" valign="bottom" width="124">1,259,280</td>
<td align="center" valign="bottom" width="100">0.64%</td>
<td align="center" valign="bottom" width="110">$39.84</td>
<td align="center" valign="bottom" width="112">$39.80</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MET</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$51.81</td>
<td align="center" valign="bottom" width="124">6,161,030</td>
<td align="center" valign="bottom" width="100">4.72%</td>
<td align="center" valign="bottom" width="110">$51.68</td>
<td align="center" valign="bottom" width="112">$51.84</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NUS</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$55.23</td>
<td align="center" valign="bottom" width="124">1,012,260</td>
<td align="center" valign="bottom" width="100">9.05%</td>
<td align="center" valign="bottom" width="110">$55.34</td>
<td align="center" valign="bottom" width="112">$54.72</td></tr>
<tr>
<td align="center" valign="bottom" width="116">OHI</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$33.00</td>
<td align="center" valign="bottom" width="124">1,798,340</td>
<td align="center" valign="bottom" width="100">3.82%</td>
<td align="center" valign="bottom" width="110">$34.47</td>
<td align="center" valign="bottom" width="112">$33.17</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PRU</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$107.03</td>
<td align="center" valign="bottom" width="124">1,950,980</td>
<td align="center" valign="bottom" width="100">2.83%</td>
<td align="center" valign="bottom" width="110">$105.65</td>
<td align="center" valign="bottom" width="112">$105.67</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PXD</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$172.99</td>
<td align="center" valign="bottom" width="124">1,978,130</td>
<td align="center" valign="bottom" width="100">5.37%</td>
<td align="center" valign="bottom" width="110">$177.32</td>
<td align="center" valign="bottom" width="112">$181.76</td></tr>
<tr>
<td align="center" valign="bottom" width="116">SUN</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$30.39</td>
<td align="center" valign="bottom" width="124">1,103,570</td>
<td align="center" valign="bottom" width="100">3.98%</td>
<td align="center" valign="bottom" width="110">$30.33</td>
<td align="center" valign="bottom" width="112">$27.35</td></tr>
<tr>
<td align="center" valign="bottom" width="116">WMB</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$30.63</td>
<td align="center" valign="bottom" width="124">7,311,980</td>
<td align="center" valign="bottom" width="100">4.56%</td>
<td align="center" valign="bottom" width="110">$30.35</td>
<td align="center" valign="bottom" width="112">$29.56</td></tr>
<tr>
<td align="center" valign="bottom" width="116">WPZ</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$40.93</td>
<td align="center" valign="bottom" width="124">1,146,680</td>
<td align="center" valign="bottom" width="100">4.00%</td>
<td align="center" valign="bottom" width="110">$41.04</td>
<td align="center" valign="bottom" width="112">$40.40</td></tr>
<tr>
<td align="center" valign="bottom" width="116">XPO</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$49.39</td>
<td align="center" valign="bottom" width="124">1,200,380</td>
<td align="center" valign="bottom" width="100">7.29%</td>
<td align="center" valign="bottom" width="110">$47.00</td>
<td align="center" valign="bottom" width="112">$47.81</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BIVV</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$58.81</td>
<td align="center" valign="bottom" width="124">2,684,760</td>
<td align="center" valign="bottom" width="100">NA</td>
<td align="center" valign="bottom" width="110">$57.20</td>
<td align="center" valign="bottom" width="112">$53.73</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CLVS</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$57.89</td>
<td align="center" valign="bottom" width="124">1,843,390</td>
<td align="center" valign="bottom" width="100">4.83%</td>
<td align="center" valign="bottom" width="110">$56.52</td>
<td align="center" valign="bottom" width="112">$62.53</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CONE</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$54.64</td>
<td align="center" valign="bottom" width="124">1,491,010</td>
<td align="center" valign="bottom" width="100">1.03%</td>
<td align="center" valign="bottom" width="110">$53.65</td>
<td align="center" valign="bottom" width="112">$52.20</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CRUS</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$64.35</td>
<td align="center" valign="bottom" width="124">1,513,930</td>
<td align="center" valign="bottom" width="100">13.12%</td>
<td align="center" valign="bottom" width="110">$64.04</td>
<td align="center" valign="bottom" width="112">$61.95</td></tr>
<tr>
<td align="center" valign="bottom" width="116">DATA</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$53.68</td>
<td align="center" valign="bottom" width="124">1,184,480</td>
<td align="center" valign="bottom" width="100">10.93%</td>
<td align="center" valign="bottom" width="110">$53.03</td>
<td align="center" valign="bottom" width="112">$51.33</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LVLT</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$60.76</td>
<td align="center" valign="bottom" width="124">2,260,270</td>
<td align="center" valign="bottom" width="100">2.78%</td>
<td align="center" valign="bottom" width="110">$60.20</td>
<td align="center" valign="bottom" width="112">$58.39</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NXPI</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$105.75</td>
<td align="center" valign="bottom" width="124">2,678,780</td>
<td align="center" valign="bottom" width="100">2.31%</td>
<td align="center" valign="bottom" width="110">$104.36</td>
<td align="center" valign="bottom" width="112">$104.10</td></tr>
<tr>
<td align="center" valign="bottom" width="116">QRVO</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$68.03</td>
<td align="center" valign="bottom" width="124">1,539,430</td>
<td align="center" valign="bottom" width="100">6.73%</td>
<td align="center" valign="bottom" width="110">$70.26</td>
<td align="center" valign="bottom" width="112">$68.61</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TSLA</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$314.07</td>
<td align="center" valign="bottom" width="124">5,577,790</td>
<td align="center" valign="bottom" width="100">3.58%</td>
<td align="center" valign="bottom" width="110">$305.99</td>
<td align="center" valign="bottom" width="112">$282.50</td></tr>
<tr>
<td align="center" valign="bottom" width="116">WMGI</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="104">$30.39</td>
<td align="center" valign="bottom" width="124">1,080,400</td>
<td align="center" valign="bottom" width="100">5.24%</td>
<td align="center" valign="bottom" width="110">$23.68</td>
<td align="center" valign="bottom" width="112">$23.45</td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong></strong>
<strong></strong>
<strong></strong>
<strong></strong>
<strong><u>Thursday </u></strong><b><u>May 4:</u></b>
<br />
<br />
<b><u></u></b>
Economic: Chain Store Sales, Challenger Job Cut Report - 7:30, International Trade – 8:30, Productivity and Costs - 8:30, Gallup Good Jobs Rate – 8:30, Weekly Jobless Claims – 8:30, Bloomberg Consumer Confidence – 9:45, Factory Orders – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4:30.<br />
<br />
International Economic: France PMI Composite – 2:50AM, Germany PMI Composite – 3:55AM, Eurozone PMI Composite – 3:55AM, Eurozone Retail Sales – 6:00Am<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 743px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="71"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="102"><b><u>4/28 Close</u></b></td>
<td align="center" valign="bottom" width="120"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="100"><b><u>MEAN</u></b></td>
<td align="center" valign="bottom" width="110"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="116"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="116">D</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$77.43</td>
<td align="center" valign="bottom" width="120">2,654,760</td>
<td align="center" valign="bottom" width="100">2.52%</td>
<td align="center" valign="bottom" width="110">$77.66</td>
<td align="center" valign="bottom" width="116">$77.81</td></tr>
<tr>
<td align="center" valign="bottom" width="116">K</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$71.00</td>
<td align="center" valign="bottom" width="120">2,173,710</td>
<td align="center" valign="bottom" width="100">2.07%</td>
<td align="center" valign="bottom" width="110">$72.27</td>
<td align="center" valign="bottom" width="116">$72.20</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ABC</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$82.05</td>
<td align="center" valign="bottom" width="120">1,855,840</td>
<td align="center" valign="bottom" width="100">6.30%</td>
<td align="center" valign="bottom" width="110">$82.71</td>
<td align="center" valign="bottom" width="116">$84.64</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AEE</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$54.69</td>
<td align="center" valign="bottom" width="120">1,546,160</td>
<td align="center" valign="bottom" width="100">1.00%</td>
<td align="center" valign="bottom" width="110">$55.10</td>
<td align="center" valign="bottom" width="116">$55.30</td></tr>
<tr>
<td align="center" valign="bottom" width="116">APA</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$48.64</td>
<td align="center" valign="bottom" width="120">3,971,890</td>
<td align="center" valign="bottom" width="100">5.29%</td>
<td align="center" valign="bottom" width="110">$49.99</td>
<td align="center" valign="bottom" width="116">$51.44</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BLL</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$76.89</td>
<td align="center" valign="bottom" width="120">1,397,050</td>
<td align="center" valign="bottom" width="100">5.11%</td>
<td align="center" valign="bottom" width="110">$73.79</td>
<td align="center" valign="bottom" width="116">$74.33</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CCE</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$38.62</td>
<td align="center" valign="bottom" width="120">1,319,560</td>
<td align="center" valign="bottom" width="100">3.11%</td>
<td align="center" valign="bottom" width="110">$37.91</td>
<td align="center" valign="bottom" width="116">$37.55</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CHD</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$49.53</td>
<td align="center" valign="bottom" width="120">1,827,530</td>
<td align="center" valign="bottom" width="100">3.89%</td>
<td align="center" valign="bottom" width="110">$50.23</td>
<td align="center" valign="bottom" width="116">$50.16</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CNQ</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$31.87</td>
<td align="center" valign="bottom" width="120">3,186,570</td>
<td align="center" valign="bottom" width="100">5.56%</td>
<td align="center" valign="bottom" width="110">$32.88</td>
<td align="center" valign="bottom" width="116">$32.88</td></tr>
<tr>
<td align="center" valign="bottom" width="116">GPN</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$81.76</td>
<td align="center" valign="bottom" width="120">1,162,420</td>
<td align="center" valign="bottom" width="100">4.90%</td>
<td align="center" valign="bottom" width="110">$80.27</td>
<td align="center" valign="bottom" width="116">$79.42</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HPP</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$34.36</td>
<td align="center" valign="bottom" width="120">1,218,260</td>
<td align="center" valign="bottom" width="100">0.51%</td>
<td align="center" valign="bottom" width="110">$35.08</td>
<td align="center" valign="bottom" width="116">$34.62</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LNG</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$45.35</td>
<td align="center" valign="bottom" width="120">1,789,270</td>
<td align="center" valign="bottom" width="100">2.75%</td>
<td align="center" valign="bottom" width="110">$46.17</td>
<td align="center" valign="bottom" width="116">$46.20</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MJN</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$88.72</td>
<td align="center" valign="bottom" width="120">4,108,920</td>
<td align="center" valign="bottom" width="100">3.80%</td>
<td align="center" valign="bottom" width="110">$88.78</td>
<td align="center" valign="bottom" width="116">$88.72</td></tr>
<tr>
<td align="center" valign="bottom" width="116">OGE</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$34.78</td>
<td align="center" valign="bottom" width="120">1,183,200</td>
<td align="center" valign="bottom" width="100">1.08%</td>
<td align="center" valign="bottom" width="110">$34.90</td>
<td align="center" valign="bottom" width="116">$35.16</td></tr>
<tr>
<td align="center" valign="bottom" width="116">OXY</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$61.54</td>
<td align="center" valign="bottom" width="120">5,218,730</td>
<td align="center" valign="bottom" width="100">3.03%</td>
<td align="center" valign="bottom" width="110">$62.51</td>
<td align="center" valign="bottom" width="116">$63.38</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PPL</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$38.11</td>
<td align="center" valign="bottom" width="120">3,250,130</td>
<td align="center" valign="bottom" width="100">0.86%</td>
<td align="center" valign="bottom" width="110">$37.93</td>
<td align="center" valign="bottom" width="116">$37.61</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PWR</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$35.44</td>
<td align="center" valign="bottom" width="120">1,580,420</td>
<td align="center" valign="bottom" width="100">2.98%</td>
<td align="center" valign="bottom" width="110">$35.36</td>
<td align="center" valign="bottom" width="116">$35.81</td></tr>
<tr>
<td align="center" valign="bottom" width="116">SNI</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$74.72</td>
<td align="center" valign="bottom" width="120">1,137,640</td>
<td align="center" valign="bottom" width="100">4.60%</td>
<td align="center" valign="bottom" width="110">$75.31</td>
<td align="center" valign="bottom" width="116">$76.73</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TPX</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$46.95</td>
<td align="center" valign="bottom" width="120">2,057,240</td>
<td align="center" valign="bottom" width="100">7.15%</td>
<td align="center" valign="bottom" width="110">$43.98</td>
<td align="center" valign="bottom" width="116">$43.83</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ZTS</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$56.11</td>
<td align="center" valign="bottom" width="120">3,389,410</td>
<td align="center" valign="bottom" width="100">3.90%</td>
<td align="center" valign="bottom" width="110">$54.46</td>
<td align="center" valign="bottom" width="116">$54.45</td></tr>
<tr>
<td align="center" valign="bottom" width="116">COMM</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$42.04</td>
<td align="center" valign="bottom" width="120">1,665,450</td>
<td align="center" valign="bottom" width="100">7.97%</td>
<td align="center" valign="bottom" width="110">$41.19</td>
<td align="center" valign="bottom" width="116">$41.01</td></tr>
<tr>
<td align="center" valign="bottom" width="116">DNKN</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$55.86</td>
<td align="center" valign="bottom" width="120">1,377,040</td>
<td align="center" valign="bottom" width="100">2.20%</td>
<td align="center" valign="bottom" width="110">$54.88</td>
<td align="center" valign="bottom" width="116">$54.96</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HSBC</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$41.17</td>
<td align="center" valign="bottom" width="120">2,210,850</td>
<td align="center" valign="bottom" width="100">3.97%</td>
<td align="center" valign="bottom" width="110">$40.53</td>
<td align="center" valign="bottom" width="116">$40.56</td></tr>
<tr>
<td align="center" valign="bottom" width="116">INCY</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$124.28</td>
<td align="center" valign="bottom" width="120">2,609,290</td>
<td align="center" valign="bottom" width="100">2.53%</td>
<td align="center" valign="bottom" width="110">$125.90</td>
<td align="center" valign="bottom" width="116">$133.32</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LITE</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$42.75</td>
<td align="center" valign="bottom" width="120">1,866,320</td>
<td align="center" valign="bottom" width="100">5.02%</td>
<td align="center" valign="bottom" width="110">$44.86</td>
<td align="center" valign="bottom" width="116">$49.16</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MBLY</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$61.92</td>
<td align="center" valign="bottom" width="120">6,421,760</td>
<td align="center" valign="bottom" width="100">3.38%</td>
<td align="center" valign="bottom" width="110">$61.82</td>
<td align="center" valign="bottom" width="116">$61.17</td></tr>
<tr>
<td align="center" valign="bottom" width="116">RLGY</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$30.55</td>
<td align="center" valign="bottom" width="120">1,051,550</td>
<td align="center" valign="bottom" width="100">7.18%</td>
<td align="center" valign="bottom" width="110">$29.57</td>
<td align="center" valign="bottom" width="116">$29.55</td></tr>
<tr>
<td align="center" valign="bottom" width="116">TRGP</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$55.13</td>
<td align="center" valign="bottom" width="120">1,892,690</td>
<td align="center" valign="bottom" width="100">2.83%</td>
<td align="center" valign="bottom" width="110">$56.75</td>
<td align="center" valign="bottom" width="116">$57.72</td></tr>
<tr>
<td align="center" valign="bottom" width="116">VIAB</td>
<td align="center" valign="bottom" width="71">BMO</td>
<td align="center" valign="bottom" width="102">$42.56</td>
<td align="center" valign="bottom" width="120">3,863,650</td>
<td align="center" valign="bottom" width="100">2.53%</td>
<td align="center" valign="bottom" width="110">$43.59</td>
<td align="center" valign="bottom" width="116">$44.36</td></tr>
<tr>
<td align="center" valign="bottom" width="116">Z</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$39.00</td>
<td align="center" valign="bottom" width="120">1,302,060</td>
<td align="center" valign="bottom" width="100">7.36%</td>
<td align="center" valign="bottom" width="110">$36.70</td>
<td align="center" valign="bottom" width="116">$36.42</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ED</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$79.28</td>
<td align="center" valign="bottom" width="120">1,634,480</td>
<td align="center" valign="bottom" width="100">1.10%</td>
<td align="center" valign="bottom" width="110">$79.02</td>
<td align="center" valign="bottom" width="116">$78.61</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AGO</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$38.13</td>
<td align="center" valign="bottom" width="120">1,041,310</td>
<td align="center" valign="bottom" width="100">3.55%</td>
<td align="center" valign="bottom" width="110">$38.33</td>
<td align="center" valign="bottom" width="116">$37.65</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CBS</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$66.56</td>
<td align="center" valign="bottom" width="120">3,015,900</td>
<td align="center" valign="bottom" width="100">2.05%</td>
<td align="center" valign="bottom" width="110">$67.17</td>
<td align="center" valign="bottom" width="116">$67.75</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EGN</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$51.99</td>
<td align="center" valign="bottom" width="120">1,334,950</td>
<td align="center" valign="bottom" width="100">2.02%</td>
<td align="center" valign="bottom" width="110">$52.70</td>
<td align="center" valign="bottom" width="116">$53.45</td></tr>
<tr>
<td align="center" valign="bottom" width="116">FLR</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$51.32</td>
<td align="center" valign="bottom" width="120">1,190,130</td>
<td align="center" valign="bottom" width="100">5.60%</td>
<td align="center" valign="bottom" width="110">$51.17</td>
<td align="center" valign="bottom" width="116">$51.59</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HLF</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$63.26</td>
<td align="center" valign="bottom" width="120">1,066,610</td>
<td align="center" valign="bottom" width="100">5.13%</td>
<td align="center" valign="bottom" width="110">$60.66</td>
<td align="center" valign="bottom" width="116">$59.52</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LYV</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$32.16</td>
<td align="center" valign="bottom" width="120">1,064,050</td>
<td align="center" valign="bottom" width="100">3.46%</td>
<td align="center" valign="bottom" width="110">$31.39</td>
<td align="center" valign="bottom" width="116">$30.47</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MOH</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$49.79</td>
<td align="center" valign="bottom" width="120">1,292,980</td>
<td align="center" valign="bottom" width="100">13.93%</td>
<td align="center" valign="bottom" width="110">$48.17</td>
<td align="center" valign="bottom" width="116">$46.36</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MSI</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$85.97</td>
<td align="center" valign="bottom" width="120">1,425,420</td>
<td align="center" valign="bottom" width="100">2.97%</td>
<td align="center" valign="bottom" width="110">$84.08</td>
<td align="center" valign="bottom" width="116">$84.40</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AAOI</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$49.39</td>
<td align="center" valign="bottom" width="120">1,937,540</td>
<td align="center" valign="bottom" width="100">14.78%</td>
<td align="center" valign="bottom" width="110">$46.14</td>
<td align="center" valign="bottom" width="116">$50.23</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ACAD</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$34.33</td>
<td align="center" valign="bottom" width="120">1,816,350</td>
<td align="center" valign="bottom" width="100">5.71%</td>
<td align="center" valign="bottom" width="110">$33.23</td>
<td align="center" valign="bottom" width="116">$34.15</td></tr>
<tr>
<td align="center" valign="bottom" width="116">AIRM</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$42.95</td>
<td align="center" valign="bottom" width="120">1,237,240</td>
<td align="center" valign="bottom" width="100">5.19%</td>
<td align="center" valign="bottom" width="110">$42.98</td>
<td align="center" valign="bottom" width="116">$43.17</td></tr>
<tr>
<td align="center" valign="bottom" width="116">ATVI</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$52.25</td>
<td align="center" valign="bottom" width="120">7,854,170</td>
<td align="center" valign="bottom" width="100">7.96%</td>
<td align="center" valign="bottom" width="110">$50.11</td>
<td align="center" valign="bottom" width="116">$50.04</td></tr>
<tr>
<td align="center" valign="bottom" width="116">BMRN</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$95.84</td>
<td align="center" valign="bottom" width="120">1,111,400</td>
<td align="center" valign="bottom" width="100">0.82%</td>
<td align="center" valign="bottom" width="110">$92.05</td>
<td align="center" valign="bottom" width="116">$92.20</td></tr>
<tr>
<td align="center" valign="bottom" width="116">LOGM</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$113.00</td>
<td align="center" valign="bottom" width="120">1,150,680</td>
<td align="center" valign="bottom" width="100">7.15%</td>
<td align="center" valign="bottom" width="110">$107.55</td>
<td align="center" valign="bottom" width="116">$103.28</td></tr>
<tr>
<td align="center" valign="bottom" width="116">MNST</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$45.38</td>
<td align="center" valign="bottom" width="120">2,451,700</td>
<td align="center" valign="bottom" width="100">7.89%</td>
<td align="center" valign="bottom" width="110">$45.27</td>
<td align="center" valign="bottom" width="116">$45.84</td></tr>
<tr>
<td align="center" valign="bottom" width="116">NBIX</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$53.40</td>
<td align="center" valign="bottom" width="120">1,309,710</td>
<td align="center" valign="bottom" width="100">2.21%</td>
<td align="center" valign="bottom" width="110">$52.66</td>
<td align="center" valign="bottom" width="116">$47.02</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PTLA</td>
<td align="center" valign="bottom" width="71">AMC</td>
<td align="center" valign="bottom" width="102">$39.99</td>
<td align="center" valign="bottom" width="120">1,090,130</td>
<td align="center" valign="bottom" width="100">6.63%</td>
<td align="center" valign="bottom" width="110">$38.56</td>
<td align="center" valign="bottom" width="116">$37.92</td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong></strong>
<strong></strong>
<strong></strong>
<strong><u>Friday</u></strong><b><u> May 5:</u></b>
<br />
<b><u><br /></u></b>
<b><u></u></b>
<br />
<div align="justify">
Economic: GDP – 8:30, Employment Cost index – 830, Chicago PMI – 9:45, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.</div>
<div align="justify">
</div>
<div align="justify">
<br />
International Economic: No major announcements.</div>
<div align="justify">
</div>
<div align="justify">
<br />
Other: Federal Reserve Board of Governor Lael Brainard to discuss "Fintech and the Future of Finance" at the Kellogg School of Management at Northwestern University conference in Evanston, Illinois with audience Q&A 1:15PM, Philadelphia Federal Reserve Bank President Patrick Harker gives a speech on "How STEM Can Get You Anywhere" at the X-STEM Symposium in Washington, D.C., with audience Q&A – 2:00PM.</div>
<div align="justify">
</div>
<div align="justify">
<br />
Earnings:</div>
<table border="4" cellpadding="0" cellspacing="0" style="width: 745px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="70"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="103"><b><u>4/28 Close</u></b></td>
<td align="center" valign="bottom" width="120"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="99"><b><u>MEAN</u></b></td>
<td align="center" valign="bottom" width="111"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="118"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="116">CI</td>
<td align="center" valign="bottom" width="70">BMO</td>
<td align="center" valign="bottom" width="103">$156.37</td>
<td align="center" valign="bottom" width="120">1,317,580</td>
<td align="center" valign="bottom" width="99">2.26%</td>
<td align="center" valign="bottom" width="111">$154.01</td>
<td align="center" valign="bottom" width="118">$151.47</td></tr>
<tr>
<td align="center" valign="bottom" width="116">EXC</td>
<td align="center" valign="bottom" width="70">BMO</td>
<td align="center" valign="bottom" width="103">$34.63</td>
<td align="center" valign="bottom" width="120">4,885,140</td>
<td align="center" valign="bottom" width="99">0.98%</td>
<td align="center" valign="bottom" width="111">$35.35</td>
<td align="center" valign="bottom" width="118">$35.63</td></tr>
<tr>
<td align="center" valign="bottom" width="116">HCN</td>
<td align="center" valign="bottom" width="70">BMO</td>
<td align="center" valign="bottom" width="103">$71.44</td>
<td align="center" valign="bottom" width="120">1,957,000</td>
<td align="center" valign="bottom" width="99">1.48%</td>
<td align="center" valign="bottom" width="111">$73.12</td>
<td align="center" valign="bottom" width="118">$71.17</td></tr>
<tr>
<td align="center" valign="bottom" width="116">CTSH</td>
<td align="center" valign="bottom" width="70">BMO</td>
<td align="center" valign="bottom" width="103">$60.23</td>
<td align="center" valign="bottom" width="120">5,137,760</td>
<td align="center" valign="bottom" width="99">4.19%</td>
<td align="center" valign="bottom" width="111">$58.56</td>
<td align="center" valign="bottom" width="118">$58.73</td></tr>
<tr>
<td align="center" valign="bottom" width="116">PDCE</td>
<td align="center" valign="bottom" width="70">BMO</td>
<td align="center" valign="bottom" width="103">$55.23</td>
<td align="center" valign="bottom" width="120">1,057,100</td>
<td align="center" valign="bottom" width="99">4.80%</td>
<td align="center" valign="bottom" width="111">$59.35</td>
<td align="center" valign="bottom" width="118">$60.26</td></tr>
<tr>
<td align="center" valign="bottom" width="116">XRAY</td>
<td align="center" valign="bottom" width="70">BMO</td>
<td align="center" valign="bottom" width="103">$63.24</td>
<td align="center" valign="bottom" width="120">1,414,180</td>
<td align="center" valign="bottom" width="99">2.42%</td>
<td align="center" valign="bottom" width="111">$62.70</td>
<td align="center" valign="bottom" width="118">$62.69</td></tr>
</tbody></table>
<br />
<strong></strong>
<strong></strong>
<b><u>Monday May 8:</u></b>
<br />
<br />
<br />
<b><u></u></b>
Economic: Labour Conditions Index – 10:00, TD Ameritrade IMX – 12:30PM.<br />
<br />
International Economic: German Manufacturers'<br />
<br />
Other: Cleveland Federal Reserve President Loretta Mester speaks about the economic outlook and monetary policy at the Chicago Council on Global Affairs Public Breakfast Program -- From Main Street to Wall Street: Economic Growth, Monetary Policy, and the Federal Reserve, in Chicago IL, with audience and media Q&A, @ :45AM, to be streamed live at <a href="https://draft.blogger.com/%20//www.thechicagocouncil.org/event/main-street-wall-street-economic-growth-monetary-policy-and-federal-reserve?utm_source=Informz&utm_medium=Email&utm_campaign=Council&_zs=wUN2c1&_zl=EoGn3">https: //www.thechicagocouncil.org/event/main-street-wall-street-economic-growth-monetary-policy-and-federal-reserve?utm_source=Informz&utm_medium=Email&utm_campaign=Council&_zs=wUN2c1&_zl=EoGn3</a><br />
<br />
Earnings: <br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 748px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="117"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="72"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="105"><b><u>4/28 Close</u></b></td>
<td align="center" valign="bottom" width="122"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="98"><b><u>MEAN</u></b></td>
<td align="center" valign="bottom" width="113"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="113"><b><u>50% FIB</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="117">MNK</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="105">$46.92</td>
<td align="center" valign="bottom" width="122">1,853,590</td>
<td align="center" valign="bottom" width="98">7.73%</td>
<td align="center" valign="bottom" width="113">$44.83</td>
<td align="center" valign="bottom" width="113">$44.26</td></tr>
<tr>
<td align="center" valign="bottom" width="117">NWL</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="105">$47.74</td>
<td align="center" valign="bottom" width="122">3,837,170</td>
<td align="center" valign="bottom" width="98">4.58%</td>
<td align="center" valign="bottom" width="113">$47.38</td>
<td align="center" valign="bottom" width="113">$47.47</td></tr>
<tr>
<td align="center" valign="bottom" width="117">SYY</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="105">$52.87</td>
<td align="center" valign="bottom" width="122">3,143,420</td>
<td align="center" valign="bottom" width="98">4.48%</td>
<td align="center" valign="bottom" width="113">$52.58</td>
<td align="center" valign="bottom" width="113">$52.55</td></tr>
<tr>
<td align="center" valign="bottom" width="117">TSN</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="105">$64.26</td>
<td align="center" valign="bottom" width="122">2,883,120</td>
<td align="center" valign="bottom" width="98">4.99%</td>
<td align="center" valign="bottom" width="113">$64.76</td>
<td align="center" valign="bottom" width="113">$64.06</td></tr>
<tr>
<td align="center" valign="bottom" width="117">XEC</td>
<td align="center" valign="bottom" width="72">BMO</td>
<td align="center" valign="bottom" width="105">$116.68</td>
<td align="center" valign="bottom" width="122">1,115,990</td>
<td align="center" valign="bottom" width="98">4.16%</td>
<td align="center" valign="bottom" width="113">$118.48</td>
<td align="center" valign="bottom" width="113">$119.32</td></tr>
<tr>
<td align="center" valign="bottom" width="117">AMC</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="105">$30.30</td>
<td align="center" valign="bottom" width="122">1,494,230</td>
<td align="center" valign="bottom" width="98">2.25%</td>
<td align="center" valign="bottom" width="113">$30.73</td>
<td align="center" valign="bottom" width="113">$31.02</td></tr>
<tr>
<td align="center" valign="bottom" width="117">CBI</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="105">$30.08</td>
<td align="center" valign="bottom" width="122">1,581,690</td>
<td align="center" valign="bottom" width="98">7.00%</td>
<td align="center" valign="bottom" width="113">$30.11</td>
<td align="center" valign="bottom" width="113">$30.05</td></tr>
<tr>
<td align="center" valign="bottom" width="117">EOG</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="105">$92.50</td>
<td align="center" valign="bottom" width="122">3,268,180</td>
<td align="center" valign="bottom" width="98">2.85%</td>
<td align="center" valign="bottom" width="113">$94.27</td>
<td align="center" valign="bottom" width="113">$95.84</td></tr>
<tr>
<td align="center" valign="bottom" width="117">MAR</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="105">$94.42</td>
<td align="center" valign="bottom" width="122">2,538,960</td>
<td align="center" valign="bottom" width="98">1.23%</td>
<td align="center" valign="bottom" width="113">$93.24</td>
<td align="center" valign="bottom" width="113">$92.94</td></tr>
<tr>
<td align="center" valign="bottom" width="117">TSO</td>
<td align="center" valign="bottom" width="72">AMC</td>
<td align="center" valign="bottom" width="105">$79.71</td>
<td align="center" valign="bottom" width="122">2,400,510</td>
<td align="center" valign="bottom" width="98">2.36%</td>
<td align="center" valign="bottom" width="113">$78.67</td>
<td align="center" valign="bottom" width="113">$79.30</td></tr>
</tbody></table>
Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-77881105722939437632017-04-23T15:21:00.000-05:002017-04-28T15:36:18.563-05:00Market News for the Prepared Mind: 4.24.2017 – 5.01.2017<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur<br />
<br /></div>
<div align="center">
“Diplomacy is the art of saying 'Nice doggie' until you can find a rock.”</div>
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– Will Rogers</div>
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<br /></div>
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“I accept chaos, I'm not sure whether it accepts me.” - Bob Dylan</div>
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<br /></div>
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“For diplomacy to be effective, words must be credible - and no one can now doubt the word of America.” - George W. Bush</div>
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<br /></div>
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“You can’t overlook the volatility, but you don’t let it push you around in the market” - Boone Pickens</div>
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<br /></div>
<div align="justify">
Concerns about the upcoming French election dominated market conversations this past week. Global unease, combined with a lack of movement in implementing Trump’s business friendly domestic agenda, have led to increased wariness among market participants. I am having difficulty balancing my overall bearishness with the fact that major US indices remain within a few percentage points of all-time closing highs.</div>
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<br /></div>
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Every single pull-back for the past 9 months has been a buying opportunity. Picking a market bottom runs contrary to my trading discipline. As an options trader, I can construct neutral to bearish strategies which are relatively benign to the upside. I will continue with a trading style based on a discipline based on thirty years of trading experience.</div>
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<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="5" cellpadding="0" cellspacing="0" style="width: 971px;"> <tbody>
<tr> <td align="center" valign="bottom" width="327"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="109"><b><u>21-Apr</u></b></td> <td align="center" valign="bottom" width="90"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="114"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="121"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="200"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="327">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="109">20,547.76</td> <td align="center" valign="bottom" width="90">94.51</td> <td align="center" valign="bottom" width="114">0.46%</td> <td align="center" valign="bottom" width="121">3.97%</td> <td align="center" valign="bottom" width="200">13.84% (VXD)</td></tr>
<tr> <td valign="bottom" width="327">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="109">2,348.69</td> <td align="center" valign="bottom" width="90">19.74</td> <td align="center" valign="bottom" width="114">0.85%</td> <td align="center" valign="bottom" width="121">4.93%</td> <td align="center" valign="bottom" width="200">14.63% (VIX)</td></tr>
<tr> <td valign="bottom" width="327">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="109">5,442.05</td> <td align="center" valign="bottom" width="90">88.46</td> <td align="center" valign="bottom" width="114">1.65%</td> <td align="center" valign="bottom" width="121">11.89%</td> <td align="center" valign="bottom" width="200">14.87% (VXN)</td></tr>
<tr> <td valign="bottom" width="327">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="109">1,379.85</td> <td align="center" valign="bottom" width="90">34.61</td> <td align="center" valign="bottom" width="114">2.57%</td> <td align="center" valign="bottom" width="121">1.67%</td> <td align="center" valign="bottom" width="200">18.18% (RVX)</td></tr>
<tr> <td valign="bottom" width="327">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="109">1037.07</td> <td align="center" valign="bottom" width="90">6.67</td> <td align="center" valign="bottom" width="114">0.65%</td> <td align="center" valign="bottom" width="121">4.60%</td> <td align="center" valign="bottom" width="200">13.36% (VXO)</td></tr>
<tr> <td valign="bottom" width="327">Crude Oil (CLM7)</td> <td align="center" valign="bottom" width="109">49.63</td> <td align="center" valign="bottom" width="90">(3.71)</td> <td align="center" valign="bottom" width="114">-6.95%</td> <td align="center" valign="bottom" width="121">-7.90%</td> <td align="center" valign="bottom" width="200">30.06%(OVX)</td></tr>
<tr> <td valign="bottom" width="327">Dow Jones Transportation (TRAN)</td> <td align="center" valign="bottom" width="109">4432.62</td> <td align="center" valign="bottom" width="90">228.66</td> <td align="center" valign="bottom" width="114">5.44%</td> <td align="center" valign="bottom" width="121">9.41%</td> <td align="center" valign="bottom" width="200">NA</td></tr>
<tr> <td valign="bottom" width="327">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="109">14.63</td> <td align="center" valign="bottom" width="90">(1.33)</td> <td align="center" valign="bottom" width="114">-8.33%</td> <td align="center" valign="bottom" width="121">NA</td> <td align="center" valign="bottom" width="200"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> <b></b> <br />
<div align="justify">
The VXST, the CBOE Short-Term Volatility Index, closed showing classic price behavior before a defined volatility event. The volatility event appears to be the first stage of the French presidential election. The VXST rose 34% last week, while the VIX declined just over 8%, The difference between the VIX and the VXST is the options used by each to calculate the value of the respective indexes. The time period for the VXST is 9 days, while the time period for the VIX can range from 36 to 63 days.</div>
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<br /></div>
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The VXST calculation uses the next two consecutive SPX option series that have at least one day remaining until expiration. These two expiration series are combined to calculate a nine day expected volatility outlook. VXST is the first volatility measure to use SPX Weeklys in the calculation. The value for VIX is determined by combining the next two monthly (third Friday) SPX option expiration series that have at least eight days remaining until expiration. The result of this calculation is a thirty-day implied volatility measure.</div>
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The VXST is far more susceptible to near term volatility events. Other near-term volatility events in addition to the French election include a budget deal needed to preclude a government shutdown, renewal of the effort s to repeal and replace the Affordable Healthcare Act, and the Wednesday release of President Trump’s tax cut plan.</div>
Here is an overview of last week for the VIX and related products:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 971px;"> <tbody>
<tr> <td align="center" valign="bottom" width="397"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="108"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="112"><b><u>21-Apr</u></b></td> <td align="center" valign="bottom" width="108"><b><u>13-Apr</u></b></td> <td align="center" valign="bottom" width="98"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="140"><b><u>% Change</u></b></td></tr>
<tr> <td width="397">CBOE Volatility Index</td> <td align="center" valign="bottom" width="108">VIX</td> <td align="center" valign="bottom" width="112">14.63</td> <td align="center" valign="bottom" width="108">15.96</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(1.33)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-8.33%</span></td></tr>
<tr> <td width="397">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="108">VXK7</td> <td align="center" valign="bottom" width="112">14.325</td> <td align="center" valign="bottom" width="108">15.225</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(0.90)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-5.91%</span></td></tr>
<tr> <td width="397">VIX June Future (6/21/2017)</td> <td align="center" valign="bottom" width="108">VXM7</td> <td align="center" valign="bottom" width="112">14.225</td> <td align="center" valign="bottom" width="108">15.275</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(1.05)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-6.87%</span></td></tr>
<tr> <td width="397">VIX July Future (6/18/2017)</td> <td align="center" valign="bottom" width="108">VXN7</td> <td align="center" valign="bottom" width="112">15.275</td> <td align="center" valign="bottom" width="108">15.825</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(0.55)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-3.48%</span></td></tr>
<tr> <td width="397">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="108">VXST</td> <td align="center" valign="bottom" width="112">17.09</td> <td align="center" valign="bottom" width="108">12.75</td> <td align="center" valign="bottom" width="98">4.34</td> <td align="center" valign="bottom" width="140">34.04%</td></tr>
<tr> <td width="397">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="108">VXV</td> <td align="center" valign="bottom" width="112">14.75</td> <td align="center" valign="bottom" width="108">15.75</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(1.00)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-6.35%</span></td></tr>
<tr> <td width="397">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="108">VXMT</td> <td align="center" valign="bottom" width="112">15.93</td> <td align="center" valign="bottom" width="108">16.57</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(0.64)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-3.86%</span></td></tr>
<tr> <td width="397">VIX of VIX</td> <td align="center" valign="bottom" width="108">VVIX</td> <td align="center" valign="bottom" width="112">95.41</td> <td align="center" valign="bottom" width="108">115.54</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(20.13)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-17.42%</span></td></tr>
<tr> <td width="397">CBOE SKEW Index</td> <td align="center" valign="bottom" width="108">SKEW</td> <td align="center" valign="bottom" width="112">148.42</td> <td align="center" valign="bottom" width="108">134.36</td> <td align="center" valign="bottom" width="98">14.06</td> <td align="center" valign="bottom" width="140">10.46%</td></tr>
<tr> <td width="397"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="112"></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="140"></td></tr>
<tr> <td width="397">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="108">UVXY</td> <td align="center" valign="bottom" width="112">18.49</td> <td align="center" valign="bottom" width="108">21.46</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(2.97)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-13.84%</span></td></tr>
<tr> <td width="397">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="108">VXX</td> <td align="center" valign="bottom" width="112">17.20</td> <td align="center" valign="bottom" width="108">18.26</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(1.06)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-5.81%</span></td></tr>
<tr> <td width="397">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="108">VIXY</td> <td align="center" valign="bottom" width="112">14.35</td> <td align="center" valign="bottom" width="108">15.22</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(0.87)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-5.72%</span></td></tr>
<tr> <td width="397">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="108">VXZ</td> <td align="center" valign="bottom" width="112">25.86</td> <td align="center" valign="bottom" width="108">27.02</td> <td align="center" valign="bottom" width="98"><span style="color: red;">(1.16)</span></td> <td align="center" valign="bottom" width="140"><span style="color: red;">-4.29%</span></td></tr>
<tr> <td width="397"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="112"></td> <td align="center" valign="bottom" width="108"></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="140"></td></tr>
<tr> <td width="397">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="108">SVXY</td> <td align="center" valign="bottom" width="112">127.88</td> <td align="center" valign="bottom" width="108">121.32</td> <td align="center" valign="bottom" width="98">6.56</td> <td align="center" valign="bottom" width="140">5.41%</td></tr>
<tr> <td width="397">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="108">XIV</td> <td align="center" valign="bottom" width="112">66.26</td> <td align="center" valign="bottom" width="108">62.76</td> <td align="center" valign="bottom" width="98">3.50</td> <td align="center" valign="bottom" width="140">5.58%</td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b><br /></b> <b></b> <br />
The initial focus of the week will be the first round of the French presidential election. Corporate earnings announcements will be a constant for the next three weeks. The impact of the results should be quickly superseded by concerns about passage of a new US spending bill. The Wednesday announcement of President Trump’s new income tax plan has the ability to move the market. The last week of April brings reports on housing as well as durable goods, and finishes off with the first estimate of first-quarter U.S. GDP growth. The following week is employment week. Political fireworks will continue to be the wildcard in play.<br />
First quarter earnings announcement will continue the next three weeks. Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprise which may occur in any trading campaign. 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. The earnings highlights this week, for widely held and actively traded stocks are Coca-Cola, Caterpillar, Corning Glass, Eli, Lilly, McDonald’s, 3M, US Steel, Procter Gamble, Pepsico, Amgen, PayPal, UPS, Amazon, Google, Starbucks, General Motors, and Exxon Mobil.<br />
<br />
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
It's a cruel and random world, but the chaos is all so beautiful.”</div>
<div align="center">
- Hiromu Arakawa</div>
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<br /></div>
<div align="center">
“Man approaches the unattainable truth through a succession of errors.” </div>
<div align="center">
- Aldous Huxley<br />
<br /></div>
<div align="center">
““I will undoubtedly have to seek what is happily known as gainful employment,</div>
<div align="center">
which I am glad to say does not describe holding public office.” – Dean Acheson</div>
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<br /></div>
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“The world is still a weird place, despite my efforts to make clear and perfect sense of it.” - Hunter S. Thompson</div>
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<strong></strong> <br />
<b><u>Monday April 24:</u></b> <br />
<b><u></u></b> <br />
Economic: Chicago Fed National Activity Index – 10:30, Dallas Fed Manufacturing Survey – 10:30.<br />
<br />
International Economic: Results of the first part of the French presidential election.<br />
<br />
Other: Minneapolis Federal Reserve Bank President Neel Kashkari to discuss "Opportunity and Inclusive Growth Institute, TBTF" at The 6th Annual Fink Investing Conference at UCLA Anderson in Los Angeles, California with audience Q&A – 11:30AM, Minneapolis Federal Reserve Bank President Neel Kashkari to discuss "Opportunity and Inclusive Growth Institute, TBTF" at Claremont McKenna College in Claremont, California with audience Q&A – 3:15PM.<br />
<br />
<strong></strong> <br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 748px;"> <tbody>
<tr> <td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="75"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="104"><b><u>4/21 Close</u></b></td> <td align="center" valign="bottom" width="114"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="131"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="93"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="107"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="117">HAL</td> <td align="center" valign="bottom" width="75">BMO</td> <td align="center" valign="bottom" width="103">$47.06</td> <td align="center" valign="bottom" width="115">8,275,450</td> <td align="center" valign="bottom" width="131">2.67%</td> <td align="center" valign="bottom" width="93">$49.00</td> <td align="center" valign="bottom" width="107">$49.53</td></tr>
<tr> <td valign="bottom" width="117">HAS</td> <td align="center" valign="bottom" width="75">BMO</td> <td align="center" valign="bottom" width="103">$96.03</td> <td align="center" valign="bottom" width="115">1,506,540</td> <td align="center" valign="bottom" width="131">8.49%</td> <td align="center" valign="bottom" width="93">$95.92</td> <td align="center" valign="bottom" width="107">$97.92</td></tr>
<tr> <td valign="bottom" width="117">AA</td> <td align="center" valign="bottom" width="75">AMC</td> <td align="center" valign="bottom" width="103">$31.70</td> <td align="center" valign="bottom" width="115">4,636,960</td> <td align="center" valign="bottom" width="131">5.52%</td> <td align="center" valign="bottom" width="93">$32.48</td> <td align="center" valign="bottom" width="107">$33.22</td></tr>
<tr> <td valign="bottom" width="117">NEM</td> <td align="center" valign="bottom" width="75">AMC</td> <td align="center" valign="bottom" width="103">$34.13</td> <td align="center" valign="bottom" width="115">6,214,260</td> <td align="center" valign="bottom" width="131">4.13%</td> <td align="center" valign="bottom" width="93">$34.39</td> <td align="center" valign="bottom" width="107">$33.89</td></tr>
<tr> <td valign="bottom" width="117">ESRX</td> <td align="center" valign="bottom" width="75">AMC</td> <td align="center" valign="bottom" width="103">$66.46</td> <td align="center" valign="bottom" width="115">4,356,900</td> <td align="center" valign="bottom" width="131">0.71%</td> <td align="center" valign="bottom" width="93">$66.52</td> <td align="center" valign="bottom" width="107">$65.28</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<b><u>Tuesday April 25:</u></b> <br />
<strong></strong> <br />
Economic: Redbook – 8:55, FHFA House Price Index - 9:00 AM, S&P Corelogic Case-Shiller HPI - 9:00, Eew Home Sales - 10:00, Consumer Confidence - 10:00, Richmond Fed Manufacturing Index - 10:00, State Street Investor Confidence Index - 10:00.<a href="https://draft.blogger.com/null" name="_Hlk480133279"> </a> <br />
<br />
International Economic: No major Announcements.<br />
<br />
<strong></strong> <br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 747px;"> <tbody>
<tr> <td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="73"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="107"><b><u>4/21 Close</u></b></td> <td align="center" valign="bottom" width="125"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="126"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="91"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="101"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="116">KO</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="107">$43.07</td> <td align="center" valign="bottom" width="125">14,654,200</td> <td align="center" valign="bottom" width="126">2.53%</td> <td align="center" valign="bottom" width="92">$42.92</td> <td align="center" valign="bottom" width="101">$42.84</td></tr>
<tr> <td valign="bottom" width="116">BHI</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="107">$57.68</td> <td align="center" valign="bottom" width="125">2,417,500</td> <td align="center" valign="bottom" width="126">2.74%</td> <td align="center" valign="bottom" width="93">$60.32</td> <td align="center" valign="bottom" width="101">$59.35</td></tr>
<tr> <td valign="bottom" width="116">CAT</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$94.32</td> <td align="center" valign="bottom" width="125">5,339,820</td> <td align="center" valign="bottom" width="125">2.06%</td> <td align="center" valign="bottom" width="94">$95.02</td> <td align="center" valign="bottom" width="101">$94.11</td></tr>
<tr> <td valign="bottom" width="116">GLW</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$27.02</td> <td align="center" valign="bottom" width="124">6,748,680</td> <td align="center" valign="bottom" width="125">4.72%</td> <td align="center" valign="bottom" width="95">$26.74</td> <td align="center" valign="bottom" width="101">$27.09</td></tr>
<tr> <td valign="bottom" width="116">LLY</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$81.89</td> <td align="center" valign="bottom" width="124">3,880,890</td> <td align="center" valign="bottom" width="125">1.40%</td> <td align="center" valign="bottom" width="95">$84.06</td> <td align="center" valign="bottom" width="101">$83.30</td></tr>
<tr> <td valign="bottom" width="116">LMT</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$273.09</td> <td align="center" valign="bottom" width="124">1,082,440</td> <td align="center" valign="bottom" width="125">3.18%</td> <td align="center" valign="bottom" width="95">$269.33</td> <td align="center" valign="bottom" width="101">$269.31</td></tr>
<tr> <td valign="bottom" width="116">MCD</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$133.41</td> <td align="center" valign="bottom" width="124">3,604,920</td> <td align="center" valign="bottom" width="125">2.10%</td> <td align="center" valign="bottom" width="95">$131.28</td> <td align="center" valign="bottom" width="101">$130.46</td></tr>
<tr> <td valign="bottom" width="116">MMM</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$191.50</td> <td align="center" valign="bottom" width="124">1,926,120</td> <td align="center" valign="bottom" width="125">1.68%</td> <td align="center" valign="bottom" width="95">$189.96</td> <td align="center" valign="bottom" width="101">$191.06</td></tr>
<tr> <td valign="bottom" width="116">VLO</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$65.23</td> <td align="center" valign="bottom" width="124">4,473,330</td> <td align="center" valign="bottom" width="125">4.23%</td> <td align="center" valign="bottom" width="95">$64.83</td> <td align="center" valign="bottom" width="101">$66.23</td></tr>
<tr> <td valign="bottom" width="116">WHR</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$171.51</td> <td align="center" valign="bottom" width="124">822,213</td> <td align="center" valign="bottom" width="125">6.38%</td> <td align="center" valign="bottom" width="95">$168.67</td> <td align="center" valign="bottom" width="101">$172.46</td></tr>
<tr> <td valign="bottom" width="116">BIIB</td> <td valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="106">$272.94</td> <td align="center" valign="bottom" width="124">1,640,320</td> <td align="center" valign="bottom" width="125">4.17%</td> <td align="center" valign="bottom" width="95">$270.80</td> <td align="center" valign="bottom" width="101">$280.83</td></tr>
<tr> <td valign="bottom" width="116">T</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$39.93</td> <td align="center" valign="bottom" width="124">18,771,700</td> <td align="center" valign="bottom" width="125">1.40%</td> <td align="center" valign="bottom" width="95">$40.39</td> <td align="center" valign="bottom" width="101">$41.31</td></tr>
<tr> <td valign="bottom" width="116">X</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$30.42</td> <td align="center" valign="bottom" width="124">18,339,100</td> <td align="center" valign="bottom" width="125">5.04%</td> <td align="center" valign="bottom" width="95">$31.25</td> <td align="center" valign="bottom" width="101">$33.26</td></tr>
<tr> <td valign="bottom" width="116">EW</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$97.77</td> <td align="center" valign="bottom" width="124">2,188,700</td> <td align="center" valign="bottom" width="125">7.81%</td> <td align="center" valign="bottom" width="95">$94.96</td> <td align="center" valign="bottom" width="101">$95.14</td></tr>
<tr> <td valign="bottom" width="116">CMG</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$479.09</td> <td align="center" valign="bottom" width="124">832,686</td> <td align="center" valign="bottom" width="125">6.52%</td> <td align="center" valign="bottom" width="95">$462.06</td> <td align="center" valign="bottom" width="101">$438.85</td></tr>
<tr> <td valign="bottom" width="116">COF</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$82.67</td> <td align="center" valign="bottom" width="124">2,660,620</td> <td align="center" valign="bottom" width="125">1.00%</td> <td align="center" valign="bottom" width="95">$82.76</td> <td align="center" valign="bottom" width="101">$86.00</td></tr>
<tr> <td valign="bottom" width="116">DFS</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$66.23</td> <td align="center" valign="bottom" width="124">2,243,400</td> <td align="center" valign="bottom" width="125">2.90%</td> <td align="center" valign="bottom" width="95">$65.66</td> <td align="center" valign="bottom" width="101">$68.24</td></tr>
<tr> <td valign="bottom" width="116">TRN</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$26.13</td> <td align="center" valign="bottom" width="124">1,261,360</td> <td align="center" valign="bottom" width="125">3.94%</td> <td align="center" valign="bottom" width="95">$26.41</td> <td align="center" valign="bottom" width="101">$26.25</td></tr>
<tr> <td valign="bottom" width="116">TXN</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$79.81</td> <td align="center" valign="bottom" width="124">5,239,730</td> <td align="center" valign="bottom" width="125">3.30%</td> <td align="center" valign="bottom" width="95">$79.49</td> <td align="center" valign="bottom" width="101">$80.14</td></tr>
<tr> <td valign="bottom" width="116">ILMN</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$175.29</td> <td align="center" valign="bottom" width="124">931,068</td> <td align="center" valign="bottom" width="125">3.18%</td> <td align="center" valign="bottom" width="95">$174.09</td> <td align="center" valign="bottom" width="101">$169.32</td></tr>
<tr> <td valign="bottom" width="116">JNPR</td> <td valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="106">$27.78</td> <td align="center" valign="bottom" width="124">3,942,840</td> <td align="center" valign="bottom" width="125">5.21%</td> <td align="center" valign="bottom" width="96">$27.75</td> <td align="center" valign="bottom" width="101">$28.12</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong><u>Wednesday</u></strong><b><u> April 26:<strong></strong></u></b> <br />
<strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Bank of Japan Announcement, Japan All Industry Index – 12:30 Index – 12:30. China Industrial Profits – 9:30PM.<br />
<br />
<strong></strong> <br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 747px;"> <tbody>
<tr> <td align="center" valign="bottom" width="116"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="72"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="105"><b><u>4/21 Close</u></b></td> <td align="center" valign="bottom" width="120"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="129"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="93"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="104"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="116">PG</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$88.62</td> <td align="center" valign="bottom" width="120">8,643,580</td> <td align="center" valign="bottom" width="129">2.33%</td> <td align="center" valign="bottom" width="93">$89.84</td> <td align="center" valign="bottom" width="104">$90.38</td></tr>
<tr> <td valign="bottom" width="116">BAX</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$52.88</td> <td align="center" valign="bottom" width="120">2,933,860</td> <td align="center" valign="bottom" width="129">1.69%</td> <td align="center" valign="bottom" width="93">$52.91</td> <td align="center" valign="bottom" width="104">$52.28</td></tr>
<tr> <td valign="bottom" width="116">GSK</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$40.78</td> <td align="center" valign="bottom" width="120">3,179,650</td> <td align="center" valign="bottom" width="129">1.17%</td> <td align="center" valign="bottom" width="93">$41.43</td> <td align="center" valign="bottom" width="104">$41.77</td></tr>
<tr> <td valign="bottom" width="116">HES</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$47.31</td> <td align="center" valign="bottom" width="120">3,958,000</td> <td align="center" valign="bottom" width="129">2.52%</td> <td align="center" valign="bottom" width="93">$48.86</td> <td align="center" valign="bottom" width="104">$48.61</td></tr>
<tr> <td valign="bottom" width="116">HSY</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$107.40</td> <td align="center" valign="bottom" width="120">1,046,790</td> <td align="center" valign="bottom" width="129">3.34%</td> <td align="center" valign="bottom" width="93">$108.80</td> <td align="center" valign="bottom" width="104">$108.56</td></tr>
<tr> <td valign="bottom" width="116">NOC</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$246.33</td> <td align="center" valign="bottom" width="120">926,830</td> <td align="center" valign="bottom" width="129">1.87%</td> <td align="center" valign="bottom" width="93">$241.03</td> <td align="center" valign="bottom" width="104">$239.57</td></tr>
<tr> <td valign="bottom" width="116">NSC</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$116.37</td> <td align="center" valign="bottom" width="120">2,056,340</td> <td align="center" valign="bottom" width="129">5.03%</td> <td align="center" valign="bottom" width="93">$114.03</td> <td align="center" valign="bottom" width="104">$113.59</td></tr>
<tr> <td valign="bottom" width="116">PEP</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$113.43</td> <td align="center" valign="bottom" width="120">3,976,480</td> <td align="center" valign="bottom" width="129">0.51%</td> <td align="center" valign="bottom" width="93">$112.80</td> <td align="center" valign="bottom" width="104">$112.05</td></tr>
<tr> <td valign="bottom" width="116">STX</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$48.26</td> <td align="center" valign="bottom" width="120">5,197,510</td> <td align="center" valign="bottom" width="129">10.34%</td> <td align="center" valign="bottom" width="93">$48.04</td> <td align="center" valign="bottom" width="104">$46.59</td></tr>
<tr> <td valign="bottom" width="116">UTX</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$114.99</td> <td align="center" valign="bottom" width="120">3,013,110</td> <td align="center" valign="bottom" width="129">1.63%</td> <td align="center" valign="bottom" width="93">$112.94</td> <td align="center" valign="bottom" width="104">$112.42</td></tr>
<tr> <td valign="bottom" width="116">ANTM</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$167.80</td> <td align="center" valign="bottom" width="120">1,673,090</td> <td align="center" valign="bottom" width="129">3.33%</td> <td align="center" valign="bottom" width="93">$166.66</td> <td align="center" valign="bottom" width="104">$164.72</td></tr>
<tr> <td valign="bottom" width="116">DISH</td> <td align="center" valign="bottom" width="72">BMO</td> <td align="center" valign="bottom" width="105">$59.61</td> <td align="center" valign="bottom" width="120">3,850,900</td> <td align="center" valign="bottom" width="129">1.60%</td> <td align="center" valign="bottom" width="93">$61.55</td> <td align="center" valign="bottom" width="104">$60.90</td></tr>
<tr> <td valign="bottom" width="116">SU</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$30.31</td> <td align="center" valign="bottom" width="120">3,693,640</td> <td align="center" valign="bottom" width="129">2.18%</td> <td align="center" valign="bottom" width="93">$30.82</td> <td align="center" valign="bottom" width="104">$30.64</td></tr>
<tr> <td valign="bottom" width="116">CBI</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$29.95</td> <td align="center" valign="bottom" width="120">1,608,560</td> <td align="center" valign="bottom" width="129">7.00%</td> <td align="center" valign="bottom" width="93">$29.95</td> <td align="center" valign="bottom" width="104">$29.73</td></tr>
<tr> <td valign="bottom" width="116">LVS</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$57.38</td> <td align="center" valign="bottom" width="120">3,766,660</td> <td align="center" valign="bottom" width="129">6.66%</td> <td align="center" valign="bottom" width="93">$56.48</td> <td align="center" valign="bottom" width="104">$56.59</td></tr>
<tr> <td valign="bottom" width="116">NOW</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$88.32</td> <td align="center" valign="bottom" width="120">1,434,510</td> <td align="center" valign="bottom" width="129">7.50%</td> <td align="center" valign="bottom" width="93">$86.27</td> <td align="center" valign="bottom" width="104">$86.44</td></tr>
<tr> <td valign="bottom" width="116">AMGN</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$160.41</td> <td align="center" valign="bottom" width="120">3,777,710</td> <td align="center" valign="bottom" width="129">4.07%</td> <td align="center" valign="bottom" width="93">$162.28</td> <td align="center" valign="bottom" width="104">$172.25</td></tr>
<tr> <td valign="bottom" width="116">FFIV</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$136.54</td> <td align="center" valign="bottom" width="120">751,941</td> <td align="center" valign="bottom" width="129">5.91%</td> <td align="center" valign="bottom" width="93">$136.24</td> <td align="center" valign="bottom" width="104">$141.90</td></tr>
<tr> <td valign="bottom" width="116">PYPL</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$43.81</td> <td align="center" valign="bottom" width="120">6,356,220</td> <td align="center" valign="bottom" width="129">4.99%</td> <td align="center" valign="bottom" width="93">$42.99</td> <td align="center" valign="bottom" width="104">$42.84</td></tr>
<tr> <td valign="bottom" width="116">XLNX</td> <td align="center" valign="bottom" width="72">AMC</td> <td align="center" valign="bottom" width="105">$57.69</td> <td align="center" valign="bottom" width="120">2,552,630</td> <td align="center" valign="bottom" width="129">3.95%</td> <td align="center" valign="bottom" width="93">$56.24</td> <td align="center" valign="bottom" width="104">$57.90</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Thursday, </u></strong><b><u>April 27:</u></b> <br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Durable Goods Orders – 8:30, International Trade in Goods – 8:30, Bloomberg Consumer Confidence – 9:45, Pending Home Sales Index – 10:00, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00, Money Supply – 4:30.<br />
<br />
International Economic: Eurozone Economic Sentiment – 6:00AM, Germany CPI – 9:00AM, Japan CPI, Household Spending, and Unemployment Rate – 7:30, Japan Industrial Production and Retail Sales – 7:50PM<br />
Other: European Central Bank Announcement – 7:45AM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 750px;"> <tbody>
<tr> <td align="center" valign="bottom" width="119"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="78"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="109"><b><u>4/21 Close</u></b></td> <td align="center" valign="bottom" width="123"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="125"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="84"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="104"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="119">AAL</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$45.15</td> <td align="center" valign="bottom" width="123">7,087,120</td> <td align="center" valign="bottom" width="125">3.47%</td> <td align="center" valign="bottom" width="84">$43.48</td> <td align="center" valign="bottom" width="104">$42.30</td></tr>
<tr> <td valign="bottom" width="119">AMT</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$124.43</td> <td align="center" valign="bottom" width="123">2,147,730</td> <td align="center" valign="bottom" width="125">0.53%</td> <td align="center" valign="bottom" width="84">$122.87</td> <td align="center" valign="bottom" width="104">$119.53</td></tr>
<tr> <td valign="bottom" width="119">BMY</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$53.48</td> <td align="center" valign="bottom" width="123">11,935,600</td> <td align="center" valign="bottom" width="125">4.04%</td> <td align="center" valign="bottom" width="84">$53.14</td> <td align="center" valign="bottom" width="104">$55.22</td></tr>
<tr> <td valign="bottom" width="119">CME</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$118.77</td> <td align="center" valign="bottom" width="123">1,519,920</td> <td align="center" valign="bottom" width="125">1.48%</td> <td align="center" valign="bottom" width="84">$117.33</td> <td align="center" valign="bottom" width="104">$120.48</td></tr>
<tr> <td valign="bottom" width="119">DOW</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$62.16</td> <td align="center" valign="bottom" width="123">5,973,580</td> <td align="center" valign="bottom" width="125">0.97%</td> <td align="center" valign="bottom" width="84">$62.22</td> <td align="center" valign="bottom" width="104">$63.14</td></tr>
<tr> <td valign="bottom" width="119">LUV</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$55.63</td> <td align="center" valign="bottom" width="123">5,648,700</td> <td align="center" valign="bottom" width="125">7.52%</td> <td align="center" valign="bottom" width="84">$54.68</td> <td align="center" valign="bottom" width="104">$53.84</td></tr>
<tr> <td valign="bottom" width="119">MGM</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$28.41</td> <td align="center" valign="bottom" width="123">9,336,190</td> <td align="center" valign="bottom" width="125">3.79%</td> <td align="center" valign="bottom" width="84">$27.81</td> <td align="center" valign="bottom" width="104">$26.87</td></tr>
<tr> <td valign="bottom" width="119">MPC</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$48.56</td> <td align="center" valign="bottom" width="123">4,576,120</td> <td align="center" valign="bottom" width="125">1.44%</td> <td align="center" valign="bottom" width="84">$49.52</td> <td align="center" valign="bottom" width="104">$50.01</td></tr>
<tr> <td valign="bottom" width="119">NOV</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$34.65</td> <td align="center" valign="bottom" width="123">3,723,600</td> <td align="center" valign="bottom" width="125">4.89%</td> <td align="center" valign="bottom" width="84">$37.76</td> <td align="center" valign="bottom" width="104">$38.22</td></tr>
<tr> <td valign="bottom" width="119">UNP</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$108.28</td> <td align="center" valign="bottom" width="123">3,647,910</td> <td align="center" valign="bottom" width="125">3.99%</td> <td align="center" valign="bottom" width="84">$106.66</td> <td align="center" valign="bottom" width="104">$105.97</td></tr>
<tr> <td valign="bottom" width="119">UPS</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$105.77</td> <td align="center" valign="bottom" width="123">3,302,800</td> <td align="center" valign="bottom" width="125">2.31%</td> <td align="center" valign="bottom" width="84">$105.08</td> <td align="center" valign="bottom" width="104">$106.27</td></tr>
<tr> <td valign="bottom" width="119">ABBV</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$63.82</td> <td align="center" valign="bottom" width="123">6,301,080</td> <td align="center" valign="bottom" width="125">2.87%</td> <td align="center" valign="bottom" width="84">$64.35</td> <td align="center" valign="bottom" width="104">$64.95</td></tr>
<tr> <td valign="bottom" width="119">ALXN</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$116.82</td> <td align="center" valign="bottom" width="123">1,917,690</td> <td align="center" valign="bottom" width="125">3.79%</td> <td align="center" valign="bottom" width="84">$117.46</td> <td align="center" valign="bottom" width="104">$118.73</td></tr>
<tr> <td valign="bottom" width="119">CELG</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$122.26</td> <td align="center" valign="bottom" width="123">3,712,510</td> <td align="center" valign="bottom" width="125">3.30%</td> <td align="center" valign="bottom" width="84">$124.47</td> <td align="center" valign="bottom" width="104">$124.89</td></tr>
<tr> <td valign="bottom" width="119">CMCSA</td> <td align="center" valign="bottom" width="78">BMO</td> <td align="center" valign="bottom" width="109">$38.16</td> <td align="center" valign="bottom" width="123">16,354,200</td> <td align="center" valign="bottom" width="125">1.83%</td> <td align="center" valign="bottom" width="84">$37.58</td> <td align="center" valign="bottom" width="104">$37.52</td></tr>
<tr> <td valign="bottom" width="119">HIG</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$47.28</td> <td align="center" valign="bottom" width="123">2,829,560</td> <td align="center" valign="bottom" width="125">3.66%</td> <td align="center" valign="bottom" width="84">$47.87</td> <td align="center" valign="bottom" width="104">$48.30</td></tr>
<tr> <td valign="bottom" width="119">WDC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$83.11</td> <td align="center" valign="bottom" width="123">4,134,640</td> <td align="center" valign="bottom" width="125">7.53%</td> <td align="center" valign="bottom" width="84">$84.20</td> <td align="center" valign="bottom" width="104">$79.69</td></tr>
<tr> <td valign="bottom" width="119">AMZN</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$898.53</td> <td align="center" valign="bottom" width="123">3,290,670</td> <td align="center" valign="bottom" width="125">4.76%</td> <td align="center" valign="bottom" width="84">$899.05</td> <td align="center" valign="bottom" width="104">$878.61</td></tr>
<tr> <td valign="bottom" width="119">ATHN</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$117.22</td> <td align="center" valign="bottom" width="123">418,129</td> <td align="center" valign="bottom" width="125">8.18%</td> <td align="center" valign="bottom" width="84">$113.48</td> <td align="center" valign="bottom" width="104">$112.61</td></tr>
<tr> <td valign="bottom" width="119">BIDU</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$178.08</td> <td align="center" valign="bottom" width="123">2,138,080</td> <td align="center" valign="bottom" width="125">3.94%</td> <td align="center" valign="bottom" width="84">$174.35</td> <td align="center" valign="bottom" width="104">$173.59</td></tr>
<tr> <td valign="bottom" width="119">EXPE</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$131.98</td> <td align="center" valign="bottom" width="123">1,822,110</td> <td align="center" valign="bottom" width="125">3.74%</td> <td align="center" valign="bottom" width="84">$129.08</td> <td align="center" valign="bottom" width="104">$128.54</td></tr>
<tr> <td valign="bottom" width="119">FSLR</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$26.80</td> <td align="center" valign="bottom" width="123">3,228,010</td> <td align="center" valign="bottom" width="125">10.63%</td> <td align="center" valign="bottom" width="84">$27.23</td> <td align="center" valign="bottom" width="104">$29.80</td></tr>
<tr> <td valign="bottom" width="119">GOOG</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$843.19</td> <td align="center" valign="bottom" width="123">1,451,230</td> <td align="center" valign="bottom" width="125">2.35%</td> <td align="center" valign="bottom" width="84">$830.24</td> <td align="center" valign="bottom" width="104">$828.43</td></tr>
<tr> <td valign="bottom" width="119">INTC</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$36.32</td> <td align="center" valign="bottom" width="123">24,130,400</td> <td align="center" valign="bottom" width="125">3.06%</td> <td align="center" valign="bottom" width="84">$35.78</td> <td align="center" valign="bottom" width="104">$35.72</td></tr>
<tr> <td valign="bottom" width="119">MSFT</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$66.40</td> <td align="center" valign="bottom" width="123">22,523,600</td> <td align="center" valign="bottom" width="125">4.75%</td> <td align="center" valign="bottom" width="84">$65.40</td> <td align="center" valign="bottom" width="104">$65.23</td></tr>
<tr> <td valign="bottom" width="119">SBUX</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$60.61</td> <td align="center" valign="bottom" width="123">9,930,000</td> <td align="center" valign="bottom" width="125">2.82%</td> <td align="center" valign="bottom" width="84">$58.24</td> <td align="center" valign="bottom" width="104">$57.22</td></tr>
<tr> <td valign="bottom" width="119">SRPT</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$32.61</td> <td align="center" valign="bottom" width="123">2,090,550</td> <td align="center" valign="bottom" width="125">5.63%</td> <td align="center" valign="bottom" width="84">$30.11</td> <td align="center" valign="bottom" width="104">$30.51</td></tr>
<tr> <td valign="bottom" width="119">SWKS</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$101.60</td> <td align="center" valign="bottom" width="123">2,120,200</td> <td align="center" valign="bottom" width="125">7.26%</td> <td align="center" valign="bottom" width="84">$99.66</td> <td align="center" valign="bottom" width="104">$98.61</td></tr>
<tr> <td valign="bottom" width="119">SYNA</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$50.76</td> <td align="center" valign="bottom" width="123">695,208</td> <td align="center" valign="bottom" width="125">11.00%</td> <td align="center" valign="bottom" width="84">$50.74</td> <td align="center" valign="bottom" width="104">$50.05</td></tr>
<tr> <td valign="bottom" width="119">VRTX</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$116.70</td> <td align="center" valign="bottom" width="123">1,864,090</td> <td align="center" valign="bottom" width="125">0.75%</td> <td align="center" valign="bottom" width="84">$114.84</td> <td align="center" valign="bottom" width="104">$103.44</td></tr>
<tr> <td valign="bottom" width="119">GOOGL</td> <td align="center" valign="bottom" width="78">AMC</td> <td align="center" valign="bottom" width="109">$858.95</td> <td align="center" valign="bottom" width="123">1,541,200</td> <td align="center" valign="bottom" width="125">2.59%</td> <td align="center" valign="bottom" width="84">$847.61</td> <td align="center" valign="bottom" width="104">$849.36</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Friday </u></strong><b><u>April 28:</u></b> <br />
<b><u></u></b> <br />
Economic: GDP – 8:30, Employment Cost index – 830, Chicago PMI – 9:45, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00.<br />
<br />
International Economic: Germany Retail Sales – 2:00, France PPI – 2:45AM.<br />
<br />
Other: Federal Reserve Board of Governor Lael Brainard to discuss "Fintech and the Future of Finance" at the Kellogg School of Management at Northwestern University conference in Evanston, Illinois with audience Q&A - 1:15PM, Philadelphia Federal Reserve Bank President Patrick Harker gives a speech on "How STEM Can Get You Anywhere" at the X-STEM Symposium in Washington, D.C., with audience Q&A – 2:00PM.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 749px;"> <tbody>
<tr> <td align="center" valign="bottom" width="118"><b><u>SYMBOL</u></b></td> <td align="center" valign="bottom" width="77"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="106"><b><u>4/21 Close</u></b></td> <td align="center" valign="bottom" width="123"><b><u>AVGVOL</u></b></td> <td align="center" valign="bottom" width="124"><b><u>AVG MOVE</u></b></td> <td align="center" valign="bottom" width="87"><b><u>SMA 10</u></b></td> <td align="center" valign="bottom" width="106"><b><u>50% FIB</u></b></td></tr>
<tr> <td valign="bottom" width="119">GM</td> <td align="center" valign="bottom" width="77">BMO</td> <td align="center" valign="bottom" width="106">$33.75</td> <td align="center" valign="bottom" width="123">15,111,400</td> <td align="center" valign="bottom" width="124">3.01%</td> <td align="center" valign="bottom" width="88">$33.86</td> <td align="center" valign="bottom" width="106">$35.26</td></tr>
<tr> <td valign="bottom" width="119">GT</td> <td align="center" valign="bottom" width="77">BMO</td> <td align="center" valign="bottom" width="106">$35.35</td> <td align="center" valign="bottom" width="123">2,966,540</td> <td align="center" valign="bottom" width="123">5.24%</td> <td align="center" valign="bottom" width="89">$34.00</td> <td align="center" valign="bottom" width="106">$35.52</td></tr>
<tr> <td valign="bottom" width="119">WY</td> <td align="center" valign="bottom" width="77">BMO</td> <td align="center" valign="bottom" width="106">$34.56</td> <td align="center" valign="bottom" width="123">4,012,720</td> <td align="center" valign="bottom" width="123">1.14%</td> <td align="center" valign="bottom" width="90">$34.66</td> <td align="center" valign="bottom" width="105">$33.96</td></tr>
<tr> <td valign="bottom" width="119">AZN</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$29.76</td> <td align="center" valign="bottom" width="123">5,210,460</td> <td align="center" valign="bottom" width="122">3.71%</td> <td align="center" valign="bottom" width="91">$30.07</td> <td align="center" valign="bottom" width="105">$30.77</td></tr>
<tr> <td valign="bottom" width="119">CVX</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$104.89</td> <td align="center" valign="bottom" width="123">6,528,520</td> <td align="center" valign="bottom" width="122">1.78%</td> <td align="center" valign="bottom" width="92">$107.26</td> <td align="center" valign="bottom" width="105">$107.25</td></tr>
<tr> <td valign="bottom" width="119">LYB</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$85.42</td> <td align="center" valign="bottom" width="123">2,762,690</td> <td align="center" valign="bottom" width="121">1.99%</td> <td align="center" valign="bottom" width="93">$86.79</td> <td align="center" valign="bottom" width="105">$88.36</td></tr>
<tr> <td valign="bottom" width="118">PSX</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$76.35</td> <td align="center" valign="bottom" width="122">2,528,560</td> <td align="center" valign="bottom" width="121">2.05%</td> <td align="center" valign="bottom" width="94">$76.80</td> <td align="center" valign="bottom" width="105">$77.71</td></tr>
<tr> <td valign="bottom" width="118">SNE</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$33.68</td> <td align="center" valign="bottom" width="122">746,657</td> <td align="center" valign="bottom" width="120">5.42%</td> <td align="center" valign="bottom" width="94">$31.92</td> <td align="center" valign="bottom" width="105">$32.53</td></tr>
<tr> <td valign="bottom" width="118">SYF</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$33.38</td> <td align="center" valign="bottom" width="122">5,537,130</td> <td align="center" valign="bottom" width="120">1.64%</td> <td align="center" valign="bottom" width="94">$33.02</td> <td align="center" valign="bottom" width="105">$34.21</td></tr>
<tr> <td valign="bottom" width="118">XOM</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="105">$80.69</td> <td align="center" valign="bottom" width="122">12,326,200</td> <td align="center" valign="bottom" width="120">1.35%</td> <td align="center" valign="bottom" width="94">$82.05</td> <td align="center" valign="bottom" width="105">$82.08</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<b><u>Monday May 1:</u></b> <br />
<b><u></u></b> <br />
Economic: Personal Income and Outlays – 8:30, Gallup Consumer Spending Measure – 8:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 10:00, Construction Spending – 10:00.<br />
<br />
International Economic: Bank of Japan - Minutes 8:50.<br />
<br />
Earnings:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 752px;" unselectable="on"><tbody>
<tr>
<td align="center" valign="bottom" width="115"><b><u>SYMBOL</u></b></td>
<td align="center" valign="bottom" width="77"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="102"><b><u>4/21 Close</u></b></td>
<td align="center" valign="bottom" width="124"><b><u>AVGVOL</u></b></td>
<td align="center" valign="bottom" width="132"><b><u>AVG MOVE</u></b></td>
<td align="center" valign="bottom" width="81"><b><u>SMA 10</u></b></td>
<td align="center" valign="bottom" width="113"><b><u>50% FIB</u></b></td></tr>
<tr>
<td valign="bottom" width="115">CC</td>
<td align="center" valign="bottom" width="77">AMC</td>
<td align="center" valign="bottom" width="102">$37.53</td>
<td align="center" valign="bottom" width="124">2,491,590</td>
<td align="center" valign="bottom" width="132">6.82%</td>
<td align="center" valign="bottom" width="81">$36.55</td>
<td align="center" valign="bottom" width="113">$35.66</td></tr>
<tr>
<td valign="bottom" width="115">AGU</td>
<td align="center" valign="bottom" width="77">AMC</td>
<td align="center" valign="bottom" width="102">$90.47</td>
<td align="center" valign="bottom" width="124">489,525</td>
<td align="center" valign="bottom" width="132">1.38%</td>
<td align="center" valign="bottom" width="81">$92.96</td>
<td align="center" valign="bottom" width="114">$94.45 </td></tr>
</tbody></table>
<br />
<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-31456041436586791802017-04-04T06:33:00.001-05:002017-04-04T06:38:34.469-05:00Market News for the Prepared Mind: 4.3.2017 – 4.10.2017<br />
<div style="text-align: center;">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
“I accept chaos, I'm not sure whether it accepts me.” - Bob Dylan</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
“Chaos is the score upon which reality is written.” - Henry Miller</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
“You can’t overlook the volatility, but you don’t let it push you around in the market” - Boone Pickens</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Major indexes had a stellar first quarter in 2017. Financial news for the past week is dominated by articles rife with superlatives. The S&P 500 (SPX) had its best performance since the fourth quarter of 2013 with gains of 5.56%. (The quarterly gains are under the heading “2016 YTD” in the accompanying table.) The Dow Jones Industrials (DJIA) gained 4.56% while registering its sixth consecutive quarterly gain. This string of quarterly gains is the best in 11 years. Both the DJIA and the SPX saw only one daily decline of 1% or more during the first quarter. This decline took place on March 21.</div>
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<div align="justify">
The technology laden NASDAQ 100 was the star for the quarter. It gained over 10%. The NDX has registered over 20 all-time closing highs in 2017 and 30 record closes since the November election. Apple, Microsoft, Amazon.com, Facebook, and Alphabet comprise over 39% of the weighting of the NDX. The stellar performance of this index reflects the amazing performance of 4 impressive companies.</div>
<div align="justify">
<br /></div>
<div align="justify">
These performances have revived talk among market professionals about the likelihood of a market correction. Contrarians are pointing to recent consumer confidence levels as the harbinger of a market downturn. The Conference Board’s consumer confidence index reading was 125.6 in March – up from 116.1 in February. This number for consumer confidence in March was the highest level in more than 16 years.</div>
<div align="justify">
<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 991px;"> <tbody>
<tr> <td align="center" valign="bottom" width="266"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="119"><b><u>31-Mar</u></b></td> <td align="center" valign="bottom" width="118"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="145"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="150"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="185"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="266">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="119">20,663.32</td> <td align="center" valign="bottom" width="118">66.60</td> <td align="center" valign="bottom" width="145">0.32%</td> <td align="center" valign="bottom" width="150">4.56%</td> <td align="center" valign="bottom" width="185">11.44% (VXD)</td></tr>
<tr> <td valign="bottom" width="266">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="119">2,362.72</td> <td align="center" valign="bottom" width="118">18.74</td> <td align="center" valign="bottom" width="145">0.80%</td> <td align="center" valign="bottom" width="150">5.56%</td> <td align="center" valign="bottom" width="185">12.37% (VIX)</td></tr>
<tr> <td valign="bottom" width="266">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="119">5,436.23</td> <td align="center" valign="bottom" width="118">72.24</td> <td align="center" valign="bottom" width="145">1.35%</td> <td align="center" valign="bottom" width="150">11.77%</td> <td align="center" valign="bottom" width="185">11.75% (VXN)</td></tr>
<tr> <td valign="bottom" width="266">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="119">1,385.92</td> <td align="center" valign="bottom" width="118">31.28</td> <td align="center" valign="bottom" width="145">2.31%</td> <td align="center" valign="bottom" width="150">2.12%</td> <td align="center" valign="bottom" width="185">16.16.% (RVX)</td></tr>
<tr> <td valign="bottom" width="266">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="119">1046.06</td> <td align="center" valign="bottom" width="118">6.98</td> <td align="center" valign="bottom" width="145">0.67%</td> <td align="center" valign="bottom" width="150">5.51%</td> <td align="center" valign="bottom" width="185">10.47% (VXO)</td></tr>
<tr> <td valign="bottom" width="266">Crude Oil (CLK7)</td> <td align="center" valign="bottom" width="119">50.85</td> <td align="center" valign="bottom" width="118">2.71</td> <td align="center" valign="bottom" width="145">5.63%</td> <td align="center" valign="bottom" width="150">-5.64%</td> <td align="center" valign="bottom" width="185">27.59%(OVX)</td></tr>
<tr> <td valign="bottom" width="266">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="119">12.37</td> <td align="center" valign="bottom" width="118">(0.59)</td> <td align="center" valign="bottom" width="145">-4.55%</td> <td align="center" valign="bottom" width="150">NA</td> <td align="center" valign="bottom" width="185"></td></tr>
</tbody></table>
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<div align="justify">
<a href="https://www.blogger.com/null" name="_Hlk478791299"><b>Data Source: OptionVue8</b></a></div>
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The VIX had the second lowest quarterly average daily close of all-time. The lowest average closing price was in the 4<sup>th</sup> quarter of 2006.The VIX exhibited the tightest low to high range of all-time for the Q12017. The first quarter range was 2.54. According to Russell Rhoads, CBOE VIX guru, the average range of VIX closing prices for a quarter is 10.54. The rubber band of volatility is wound very tight.</div>
Here is an overview of last week for the VIX and related products:<br />
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<table border="4" cellpadding="0" cellspacing="0" style="width: 997px;"> <tbody>
<tr> <td align="center" valign="bottom" width="404"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="124"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="110"><b><u>31-Mar</u></b></td> <td align="center" valign="bottom" width="120"><b><u>24-Mar</u></b></td> <td align="center" valign="bottom" width="111"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="120"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="404">CBOE Volatility Index</td> <td align="center" valign="bottom" width="124">VIX</td> <td align="center" valign="bottom" width="110">12.37</td> <td align="center" valign="bottom" width="120">12.96</td> <td align="center" valign="bottom" width="111">(0.59)</td> <td align="center" valign="bottom" width="120">-4.55%</td></tr>
<tr> <td valign="bottom" width="404">VIX April Future (4/19/2017)</td> <td align="center" valign="bottom" width="124">VXJ7</td> <td align="center" valign="bottom" width="110">13.275</td> <td align="center" valign="bottom" width="120">13.925</td> <td align="center" valign="bottom" width="111">(0.65)</td> <td align="center" valign="bottom" width="120">-4.67%</td></tr>
<tr> <td valign="bottom" width="404">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="124">VXK7</td> <td align="center" valign="bottom" width="110">13.575</td> <td align="center" valign="bottom" width="120">14.400</td> <td align="center" valign="bottom" width="111">(0.83)</td> <td align="center" valign="bottom" width="120">-5.73%</td></tr>
<tr> <td valign="bottom" width="404">VIX June Future (6/21/2017)</td> <td align="center" valign="bottom" width="124">VXM7</td> <td align="center" valign="bottom" width="110">14.250</td> <td align="center" valign="bottom" width="120">15.125</td> <td align="center" valign="bottom" width="111">(0.88)</td> <td align="center" valign="bottom" width="120">-5.79%</td></tr>
<tr> <td valign="bottom" width="404">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="124">VXST</td> <td align="center" valign="bottom" width="110">9.66</td> <td align="center" valign="bottom" width="120">13.43</td> <td align="center" valign="bottom" width="111">(3.77)</td> <td align="center" valign="bottom" width="120">-28.07%</td></tr>
<tr> <td valign="bottom" width="404">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="124">VXV</td> <td align="center" valign="bottom" width="110">13.60</td> <td align="center" valign="bottom" width="120">14.55</td> <td align="center" valign="bottom" width="111">(0.95)</td> <td align="center" valign="bottom" width="120">-6.53%</td></tr>
<tr> <td valign="bottom" width="404">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="124">VXMT</td> <td align="center" valign="bottom" width="110">15.25</td> <td align="center" valign="bottom" width="120">16.28</td> <td align="center" valign="bottom" width="111">(1.03)</td> <td align="center" valign="bottom" width="120">-6.33%</td></tr>
<tr> <td valign="bottom" width="404">VIX of VIX</td> <td align="center" valign="bottom" width="124">VVIX</td> <td align="center" valign="bottom" width="110">78.31</td> <td align="center" valign="bottom" width="120">89.74</td> <td align="center" valign="bottom" width="111">(11.43)</td> <td align="center" valign="bottom" width="120">-12.74%</td></tr>
<tr> <td valign="bottom" width="404">CBOE SKEW Index</td> <td align="center" valign="bottom" width="124">SKEW</td> <td align="center" valign="bottom" width="110">138.31</td> <td align="center" valign="bottom" width="120">136.62</td> <td align="center" valign="bottom" width="111">1.69</td> <td align="center" valign="bottom" width="120">1.24%</td></tr>
<tr> <td valign="bottom" width="404"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="124"></td> <td align="center" valign="bottom" width="110"></td> <td align="center" valign="bottom" width="120"></td> <td align="center" valign="bottom" width="111"></td> <td align="center" valign="bottom" width="120"></td></tr>
<tr> <td valign="bottom" width="404">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="124">UVXY</td> <td align="center" valign="bottom" width="110">16.17</td> <td align="center" valign="bottom" width="120">18.22</td> <td align="center" valign="bottom" width="111">(2.05)</td> <td align="center" valign="bottom" width="120">-11.25%</td></tr>
<tr> <td valign="bottom" width="404">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="124">VXX</td> <td align="center" valign="bottom" width="110">15.79</td> <td align="center" valign="bottom" width="120">16.77</td> <td align="center" valign="bottom" width="111">(0.98)</td> <td align="center" valign="bottom" width="120">-5.84%</td></tr>
<tr> <td valign="bottom" width="404">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="124">VIXY</td> <td align="center" valign="bottom" width="110">13.17</td> <td align="center" valign="bottom" width="120">13.97</td> <td align="center" valign="bottom" width="111">(0.80)</td> <td align="center" valign="bottom" width="120">-5.73%</td></tr>
<tr> <td valign="bottom" width="404">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="124">VXZ</td> <td align="center" valign="bottom" width="110">26.30</td> <td align="center" valign="bottom" width="120">27.90</td> <td align="center" valign="bottom" width="111">(1.60)</td> <td align="center" valign="bottom" width="120">-5.73%</td></tr>
<tr> <td valign="bottom" width="404"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="124"></td> <td align="center" valign="bottom" width="110"></td> <td align="center" valign="bottom" width="120"></td> <td align="center" valign="bottom" width="111"></td> <td align="center" valign="bottom" width="120"></td></tr>
<tr> <td valign="bottom" width="404">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="124">SVXY</td> <td align="center" valign="bottom" width="110">141.15</td> <td align="center" valign="bottom" width="120">133.82</td> <td align="center" valign="bottom" width="111">7.33</td> <td align="center" valign="bottom" width="120">5.48%</td></tr>
<tr> <td valign="bottom" width="404">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="124">XIV</td> <td align="center" valign="bottom" width="110">73.03</td> <td align="center" valign="bottom" width="120">69.16</td> <td align="center" valign="bottom" width="111">3.87</td> <td align="center" valign="bottom" width="120">5.60%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b></b> <br />
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It is first and foremost employment week. In addition to employment, the first week of April also includes a report on factory orders and the minutes of the last Fed meeting. The focus of the majority of domestic market participants will be focused on the Employment Situation report on Friday. The ADP Employment Report on Wednesday is viewed by many analysts as an accurate predictor of Friday’s release of the Employment Situation data.. The release on Wednesday afternoon of the minutes of the most recent FOMC meeting will be closely watched as attempts are made to divine the size and timing of future interest rate hikes. Political fireworks will continue to be the wildcard in play.</div>
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The first glimmer of the new earning season start this week. Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprise which may occur in any trading campaign. 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. The earnings highlights this week, for widely held and actively traded stocks, are: International Speedway, Acuity Brands, Walgreen’s Boots Alliance, Monsanto, Greenbrier, Bed Bath and Beyond, CarMax, Fred’s Ruby Tuesday, Constellation Brands and RPM International.</div>
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<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
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“It's a cruel and random world, but the chaos is all so beautiful.” - Hiromu Arakawa</div>
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“Man approaches the unattainable truth through a succession of errors.” - Aldous Huxley</div>
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“The sky is falling” – Chicken little</div>
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“The world is still a weird place, despite my efforts to make clear and perfect sense of it.” - H. S. Thompson</div>
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<b><u>Monday <a href="https://www.blogger.com/null" name="_Hlk478788532">April </a>3:</u></b><br />
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Economic: PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 10:00, Construction Spending – 10:00, Gallup US Consumer Spending Measure – 8:30.<br />
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International Economic: France PMI Manufacturing Index – 3:50AM, Germany PMI manufacturing Index, Eurozone PMI Manufacturing Index – 4:00AM, Great Britain CIPS/PMI Manufacturing Index – 4:30AM, Eurozone – Unemployment Rate – 5:00AM.<br />
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Other: New York Federal Reserve Bank President William Dudley hosts a press briefing on household borrowing, student debt trends and the impact of student debt and educational attainment on homeownership, followed by Q&A, in New York, N.Y. – 10:30AM,Richmond Federal Reserve Bank President Jeffrey Lacker gives speech entitled "From 'Real Bills' to 'Too Big to Fail': H.Parker Willis and the Federal Reserve's First Century", followed by media Q&A, at Washington & Lee University, in Lexington, Virginia – 5:00PM.<br />
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<b><u>Tuesday April 4:</u></b> <br />
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Economic: Motor Vehicle Sales, International Trade - 8:30, Gallup US ECI – 8:30, Redbook – 8:55, Factory Orders – 10:00.<br />
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International Economic: Eurozone Employment Rate – 5:00AM, Japan PMI Composite – 8:30PM.<br />
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Other: On his next to the last day in office as Federal Reserve Governor, Daniel Tarullo addresses Princeton University in Princeton, N.J., with audience Q&A – 4:30PM.<br />
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<u><b>Wednesday April 5:</b></u> <br />
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Economic: MBA Mortgage Applications – 7:00, ADP Employment Report – 8:15, Gallup US Job Creation Index – 8:30, PMI Services Index – 9:45, ISM Non-Manufacturing Index – 10:00, EIA Petroleum Status Report – 10:30.<br />
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International Economic: France PMI Composite – 3:66, Eurozone PMI Composite – 4:00AM.<br />
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Other:<strong> FOMC Minutes – 2:00PM.</strong> <br />
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<strong><u>Thursday </u></strong><b><u>April 6:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Chain Store Sales, Weekly Jobless Claims - 8:30, Gallup Good Jobs Rate – 8:30, – 8:30, Bloomberg Consumer Comfort Index - 9:45, EIA Natural Gas Report – 10:30, Money Supply – 4;30.<br />
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International Economic: Germany Manufacturers’ Orders – 2:00AM.<br />
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Other: European Central Bank Minutes – 7:30AM.<br />
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<strong><u>Friday </u></strong><b><u>April 7:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: March Employment Situation, Wholesale Trade 0 10:00, Consumer Sentiment – 10:00, Baker-Hughes Rig Count – 1:00PM.<br />
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International Economic: Germany Industrial Production – 2:00AM, Germany Merchandise Trade – 2:00, France Industrial Production – 2:45AM, Great Britain Industrial Production – 4:30AM.<br />
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Other: New York Federal Reserve Bank President William Dudley speaks about the State of Financial Regulation and the Potential for Reform at Princeton University's Griswold Center for Economic Policy Studies event held at the Princeton Club of New York, with moderated Q&A, in New York, N.Y. – 12:15PM.<br />
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<b><u>Monday April 10:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Labor Market Conditions Index – 10:00.<br />
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International Economic: No major announcements.<br />
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-84514939439337608512017-03-20T09:09:00.001-05:002017-03-20T20:48:41.781-05:00Market News for the Prepared Mind: 3.20.2017 – 3.27.2017<div align="center">
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"Chance favors the Prepared Mind." - Louis Pasteur<br />
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All generalizations are dangerous, even this one.” - Alexandre Dumas fils<br />
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“If you must hold yourself up to your children as an object lesson,</div>
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hold yourself up as a warning and not as an example.” - George Bernard Shaw<br />
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“History is a vast early warning system.” - Norman Cousins<br />
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Stocks finished higher for the week. The specter of a correction – major or minor -has been a constant topic of discussion in the financial media. Market participants are presented with a litany of reason the market is “due” for a correction – Fibonacci numbers, CBOE Skew Index, low VIX, consecutive days without a 1% move in the SPX, number of days between 5% corrections, the French election in April, and Korean nuclear intentions. Listening to these admonitions can be daunting.<br />
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I acknowledge the outlier risks. These risks are a small part of the risk/reward equation. One of the most important factor in successful trading is knowing one’s response to emergency trading situations will be. I constantly ask myself “What if, what if, what if.” I always know how and where I can shut down risk. I am my own emergency first responder.<br />
<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="275"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="106"><b><u>17-Mar</u></b></td> <td align="center" valign="bottom" width="132"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="163"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="131"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="180"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="275">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="106">20,914.62</td> <td align="center" valign="bottom" width="132">11.64</td> <td align="center" valign="bottom" width="163">0.06%</td> <td align="center" valign="bottom" width="131">5.83%</td> <td align="center" valign="bottom" width="180">10.33% (VXD)</td></tr>
<tr> <td valign="bottom" width="275">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="106">2,378.25</td> <td align="center" valign="bottom" width="132">7.00</td> <td align="center" valign="bottom" width="163">0.30%</td> <td align="center" valign="bottom" width="131">6.25%</td> <td align="center" valign="bottom" width="180">11.28% (VIX)</td></tr>
<tr> <td valign="bottom" width="275">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="106">5,408.76</td> <td align="center" valign="bottom" width="132">35.28</td> <td align="center" valign="bottom" width="163">0.66%</td> <td align="center" valign="bottom" width="131">11.21%</td> <td align="center" valign="bottom" width="180">10.57% (VXN)</td></tr>
<tr> <td valign="bottom" width="275">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="106">1,391.50</td> <td align="center" valign="bottom" width="132">25.86</td> <td align="center" valign="bottom" width="163">1.89%</td> <td align="center" valign="bottom" width="131">2.53%</td> <td align="center" valign="bottom" width="180">14.14% (RVX)</td></tr>
<tr> <td valign="bottom" width="275">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="106">1055.34</td> <td align="center" valign="bottom" width="132">0.10</td> <td align="center" valign="bottom" width="163">0.01%</td> <td align="center" valign="bottom" width="131">6.45%</td> <td align="center" valign="bottom" width="180">9.15% (VXO)</td></tr>
<tr> <td valign="bottom" width="275">Crude Oil (CLK7)</td> <td align="center" valign="bottom" width="106">49.26</td> <td align="center" valign="bottom" width="132">0.35</td> <td align="center" valign="bottom" width="163">0.72%</td> <td align="center" valign="bottom" width="131">-8.59%</td> <td align="center" valign="bottom" width="180">27.45%(OVX)</td></tr>
<tr> <td valign="bottom" width="275">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="106">11.28</td> <td align="center" valign="bottom" width="132">(0.38)</td> <td align="center" valign="bottom" width="163">-3.26%</td> <td align="center" valign="bottom" width="131">NA</td> <td align="center" valign="bottom" width="180"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
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<div align="justify">
The CBOE Skew Index closed on Friday at 154.34. This is the highest closing level for the SKEW in the history of the index. The CBOE Skew Index has hit closing all time high a number of times during the current bull market run. In a nut shell, the SKEW measures the implied volatility/market pricing of deep out-of-the-money options on the S&P 500. A SKEW level of 100 in an indicator of a normal distribution of index implied volatilities. A “high” SKEW value is a shows market pricing of a large market move to the downside. In other words, the probability of outlier returns increases as the SKEW reaches higher prices.<br />
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Russell Rhoads, CBOE VIX guru sums the calculation as follows: “SKEW is calculated starting with a ratio. This ratio consists of the numerator being lower strike SPX puts and the denominator being higher strike SPX puts. For instances if the IV of the lower strike puts is 30% and the higher strike puts is 20% then the first part of the calculation is 30/20 = 1.33. This figure is then multiplied by 100 to give us the SKEW index or 1.33 x 100 results in a SKEW of 133. There are two ways for SKEW to rise, either through a higher numerator or a lower denominator. High SKEW does indicate that out of the money puts are relatively expensive, but in a low volatility environment we may get excited about an all-time high, but keep that number in a bit of context.”<br />
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SKEW monthly chart for 2011 – 2017. (Chart courtesy of Thinkorswim.)<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEje50S99_n9LYJZuZZStI5zjBp_l5M4eahNEAalvtstW90FXDnlk7MlP2EOip2lvs47ZwG8XYzTPw_mE1w4J3TxxIL8lxEXy8r2QnWWqzRFG2lgXNLVkBKi_6kemWLYsGO8qfdag5nIZ0PL/s1600/SKEW.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="440" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEje50S99_n9LYJZuZZStI5zjBp_l5M4eahNEAalvtstW90FXDnlk7MlP2EOip2lvs47ZwG8XYzTPw_mE1w4J3TxxIL8lxEXy8r2QnWWqzRFG2lgXNLVkBKi_6kemWLYsGO8qfdag5nIZ0PL/s640/SKEW.JPG" width="640" /></a></div>
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Here is an overview of last week for the VIX and related products:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 994px;"> <tbody>
<tr> <td align="center" valign="bottom" width="427"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="118"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="87"><b><u>17-Mar</u></b></td> <td align="center" valign="bottom" width="98"><b><u>10-Mar</u></b></td> <td align="center" valign="bottom" width="134"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="122"><b><u>% Change</u></b></td></tr>
<tr> <td width="427">CBOE Volatility Index</td> <td align="center" valign="bottom" width="118">VIX</td> <td align="center" valign="bottom" width="87">11.28</td> <td align="center" valign="bottom" width="98">11.66</td> <td align="center" valign="bottom" width="134">(0.38)</td> <td align="center" valign="bottom" width="122">-3.26%</td></tr>
<tr> <td width="427">VIX March Future (3/22/2017)</td> <td align="center" valign="bottom" width="118">VXH7</td> <td align="center" valign="bottom" width="87">11.775</td> <td align="center" valign="bottom" width="98">12.525</td> <td align="center" valign="bottom" width="134">(0.75)</td> <td align="center" valign="bottom" width="123">-5.99%</td></tr>
<tr> <td width="427">VIX April Future (4/19/2017)</td> <td align="center" valign="bottom" width="118">VXJ7</td> <td align="center" valign="bottom" width="87">13.270</td> <td align="center" valign="bottom" width="98">14.200</td> <td align="center" valign="bottom" width="134">(0.93)</td> <td align="center" valign="bottom" width="123">-6.55%</td></tr>
<tr> <td width="427">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="118">VXK7</td> <td align="center" valign="bottom" width="87">14.225</td> <td align="center" valign="bottom" width="98">15.125</td> <td align="center" valign="bottom" width="134">(0.90)</td> <td align="center" valign="bottom" width="123">-5.95%</td></tr>
<tr> <td width="427">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="118">VXST</td> <td align="center" valign="bottom" width="87">9.87</td> <td align="center" valign="bottom" width="98">10.68</td> <td align="center" valign="bottom" width="134">(0.81)</td> <td align="center" valign="bottom" width="123">-7.58%</td></tr>
<tr> <td width="427">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="118">VXV</td> <td align="center" valign="bottom" width="87">13.92</td> <td align="center" valign="bottom" width="98">14.38</td> <td align="center" valign="bottom" width="134">(0.46)</td> <td align="center" valign="bottom" width="123">-3.20%</td></tr>
<tr> <td width="427">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="118">VXMT</td> <td align="center" valign="bottom" width="87">15.85</td> <td align="center" valign="bottom" width="98">16.33</td> <td align="center" valign="bottom" width="134">(0.48)</td> <td align="center" valign="bottom" width="123">-2.94%</td></tr>
<tr> <td width="427">VIX of VIX</td> <td align="center" valign="bottom" width="118">VVIX</td> <td align="center" valign="bottom" width="87">78.66</td> <td align="center" valign="bottom" width="98">80.27</td> <td align="center" valign="bottom" width="134">(1.61)</td> <td align="center" valign="bottom" width="123">-2.01%</td></tr>
<tr> <td width="427">CBOE SKEW Index</td> <td align="center" valign="bottom" width="118">SKEW</td> <td align="center" valign="bottom" width="87">154.34</td> <td align="center" valign="bottom" width="98">138.99</td> <td align="center" valign="bottom" width="134">15.35</td> <td align="center" valign="bottom" width="123">11.04%</td></tr>
<tr> <td width="427"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="118"></td> <td align="center" valign="bottom" width="87"></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="134"></td> <td align="center" valign="bottom" width="123"></td></tr>
<tr> <td width="427">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="118">UVXY</td> <td align="center" valign="bottom" width="87">16.32</td> <td align="center" valign="bottom" width="98">18.90</td> <td align="center" valign="bottom" width="134">(2.58)</td> <td align="center" valign="bottom" width="123">-13.65%</td></tr>
<tr> <td width="427">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="118">VXX</td> <td align="center" valign="bottom" width="87">15.81</td> <td align="center" valign="bottom" width="98">17.01</td> <td align="center" valign="bottom" width="134">(1.20)</td> <td align="center" valign="bottom" width="123">-7.05%</td></tr>
<tr> <td width="427">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="118">VIXY</td> <td align="center" valign="bottom" width="87">13.19</td> <td align="center" valign="bottom" width="98">14.18</td> <td align="center" valign="bottom" width="134">(0.99)</td> <td align="center" valign="bottom" width="123">-6.98%</td></tr>
<tr> <td width="427">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="118">VXZ</td> <td align="center" valign="bottom" width="87">27.53</td> <td align="center" valign="bottom" width="98">28.45</td> <td align="center" valign="bottom" width="134">(0.92)</td> <td align="center" valign="bottom" width="123">-3.23%</td></tr>
<tr> <td width="427"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="118"></td> <td align="center" valign="bottom" width="87"></td> <td align="center" valign="bottom" width="98"></td> <td align="center" valign="bottom" width="134"></td> <td align="center" valign="bottom" width="123"></td></tr>
<tr> <td width="427">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="118">SVXY</td> <td align="center" valign="bottom" width="87">142.15</td> <td align="center" valign="bottom" width="98">132.58</td> <td align="center" valign="bottom" width="134">9.57</td> <td align="center" valign="bottom" width="123">7.22%</td></tr>
<tr> <td width="427">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="118">XIV</td> <td align="center" valign="bottom" width="87">73.58</td> <td align="center" valign="bottom" width="98">68.42</td> <td align="center" valign="bottom" width="135">5.16</td> <td align="center" valign="bottom" width="124">7.54%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> <b></b> <br />
<div align="justify">
The week opens with FBI Director James Comey testifying before a House committee investigating Russian activities during the 2016 presidential election. In addition, he is expected he will provide long-awaited answers and evidence on that issue and whether President Trump was indeed wiretapped. Other highlights for the week will be a litany of speeches – 12 in all - given by members of the Fed. Any of these talks have the potential to provide a market moving slip of the tongue. The House of Representatives is scheduled to vote on Thursday on an ACA replacement.<br />
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The coming week brings reports on new home sales, existing home sales, durable goods orders. The week's highlight will be Friday's durable goods report, offering the latest on the factory sector. Flash PMIs for the Eurozone and Japan will give a first look at data for March. Price data and all important retail sales will be released for February in the UK.<br />
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Fedex and Lennar are the only stocks announcing earnings this week which meet my criteria. For trading the announcement. This was the second straight ho-hum earnings season. It has been my experience that the post earnings behavior of individual stocks and the associated options usually show a remarkable consistency between individual earnings announcements in movement of the underlying and change in the implied volatility of the options. This consistency within individual stocks has not been apparent the past two earnings cycles. It is as if a “new normal” is being defined.<br />
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<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<br />
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“I took a speed-reading course and read War and Peace in twenty minutes. It involves Russia.” - Woody Allen<br />
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“Man approaches the unattainable truth through a succession of errors.” - Aldous Huxley<br />
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“The sky is falling” – Chicken Little<br />
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"Buy the ticket, take the ride.” – Hunter S. Thompson<br />
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<b><u>Monday March 20:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Chicago Fed National Activity Index – 8:30.<br />
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International Economic: Germany PPI - 3:00AM.<br />
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Other: Chicago Federal Reserve Bank President Charles Evans speaks about current economic conditions or monetary policy in live TV interview with Fox Business News' Maria Bartiromo during "Mornings with Maria." – 8:30AM, Chicago Federal Reserve Bank President Charles Evans will speak at New York National Association for Business Economics Luncheon followed by audience and then media Q&A in New York – 1:10PM.<br />
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<b><u>Tuesday March 21:</u></b> <br />
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Economic: NFIB Small Business Optimism Index – 6:00, PPI – FD – 8:30, Redbook – 8:55.<br />
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International Economic: Great Britain CPI & PPI – 5:30AM, Great Britain CBI Industrial Trends Survey – 7:00, AM, Japan – Merchandise Trade – 7:50PM.</div>
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Other: Kansas City Federal Reserve Bank President Esther George speaks on the U.S. economy and the Fed at a Women in Housing and Finance event in Washington, D.C., with audience Q&A – 12:00PM, Federal Reserve Bank of Cleveland President Loretta Mester speaks on outlook and communications at the University of Richmond in Richmond, Va., with audience and media Q&A – 6:00PM, Bank of Japan Minutes – 7:50PM, Boston Federal Reserve Bank President Eric Rosengren addresses the Twelfth Asia-Pacific High Level Meeting on Banking Supervision in Bali, Indonesia –9:45PM.<br />
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<strong><u>Wednesday</u></strong><b><u> March 22:<strong></strong></u></b> <br />
<b><u><br /></u></b> <strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, FHFA House Price Index – 9:00, Existing Home Sales – 10:00, EIA Petroleum Status Report – 10:30.<br />
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International Economic: Japan All Industry Index – 12:30AM.<br />
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<u><strong>Thursday March 23:</strong></u> <br />
<u><strong><br /></strong></u> <u></u> <br />
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Economic: Jobless Claims - 8:30, Bloomberg Consumer Comfort Index - 9:45, New home Sales – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4;30.<br />
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International Economic: Great Britain Retail Sales – 5:30, Great Britain CBI Distributive Trades – 7:00AM.<br />
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Other: Federal Reserve Chairman Janet Yellen gives opening keynote at Federal Reserve System Community Development Research Conference in Washington – 8:00AM, Minneapolis Federal Reserve Bank President Neel Kashkari gives afternoon remarks at Federal Reserve System Community Development Research Conference in Washington – 12:00PM, Dallas Federal Reserve Bank President Robert Kaplan participates in a discussion on the economic outlook and monetary policy at the Chicago Council on Global Affairs in Chicago, with audience and media Q&A -7:00PM.<br />
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<strong></strong> <br />
<strong><u>Friday </u></strong><b><u>March 24:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Durable Goods Orders – 8:30, PMI Composite Flash – 9:45, Baker-Hughes Rig Count – 1:00PM.<br />
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International Economic: France GDP – 3:45AM, Eurozone PMI Composite Flash – 5:00AM.<br />
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Other: Federal Reserve Bank of Chicago President Charles Evans gives opening remarks at Federal Reserve System Community Development Research Conference in Washington – 8:00AM, St. Louis Federal Reserve Bank President James Bullard speaks at a Economic Club of Memphis Economic Briefing in Memphis, Tenn., with audience and media Q&A – 8:05AM, San Francisco Federal Reserve Bank President John Williams discusses a paper titled "Safety, Liquidity, and the Natural Rate of Interest" at the Brookings Institution's Papers on Economic Activity spring conference – 8:30AM.<br />
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<b><u>Monday March 27:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Dallas Fed Manufacturing Survey<br />
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International Economic: Eurozone M3 Money Supply – 5:00AM.<br />
<br />
Other: San Francisco Federal Reserve Bank President John Williams discusses a paper titled "Safety, Liquidity, and the Natural Rate of Interest" at the Brookings Institution's Papers on Economic Activity spring conference – 1:15PM.<br />
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-49291495532371032202017-03-12T19:14:00.005-05:002017-03-13T07:04:55.930-05:00Market News for the Prepared Mind: 3.13.2017 – 3.20.2017<br />
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
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<br /></div>
<div align="center">
“I had nothing to offer anybody except my own confusion.” – Jack Kerouac</div>
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<br /></div>
<div style="text-align: center;">
“Experience is not what happens to a man; </div>
<div style="text-align: center;">
it is what a man does with what happens to him.” - Aldous Huxley</div>
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<div align="center">
“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” PJ O’Rourke</div>
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<br /></div>
<div align="justify">
The S&P 500 Index recorded its first weekly loss after six consecutive weeks of gains. A strong jobs report and the glimmerings of inflation all but guarantee a rate hike at this week’s FOMC meeting. It should be noted that job numbers which Trump described as phony, when reported by the previous administration, are now described by the current administrations as “very real,” “great again”, and “great news for American workers.” The Bureau of Labor Statistics has not changed the methodology for computing the employment numbers. As Mike Ditka once famously replied, “Who ya crappin?”</div>
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<br /></div>
<div align="justify">
This rosy outlook is threatened by the Trump administration’s impending renegotiation of trade agreements Grumbling by fiscal hawks in the House could throw a wrench in implementation of the president’s legislative agenda. This uncertainty led to a market searching for a trend. The lack of a short-term trend has made it difficult for traders. I ignored one my of my tried and true trading maxims last week – “Doing nothing is a viable trading strategy.” I chose to flail around rather than doing nothing. The comings week’s mantra will be “Do not force trades.”</div>
<div align="justify">
<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 992px;"> <tbody>
<tr> <td align="center" valign="bottom" width="274"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="115"><b><u>10-Mar</u></b></td> <td align="center" valign="bottom" width="103"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="136"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="159"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="197"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="274">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="115">20,902.98</td> <td align="center" valign="bottom" width="103">(102.73)</td> <td align="center" valign="bottom" width="136">-0.49%</td> <td align="center" valign="bottom" width="158">5.77%</td> <td align="center" valign="bottom" width="197">11.3% (VXD)</td></tr>
<tr> <td valign="bottom" width="274">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="115">2,371.25</td> <td align="center" valign="bottom" width="103">(9.25)</td> <td align="center" valign="bottom" width="136">-0.39%</td> <td align="center" valign="bottom" width="158">5.94%</td> <td align="center" valign="bottom" width="196">11.66% (VIX)</td></tr>
<tr> <td valign="bottom" width="274">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="115">5,373.48</td> <td align="center" valign="bottom" width="103">0.00</td> <td align="center" valign="bottom" width="136">0.00%</td> <td align="center" valign="bottom" width="158">10.48%</td> <td align="center" valign="bottom" width="196">12.20% (VXN)</td></tr>
<tr> <td valign="bottom" width="274">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="115">1,365.64</td> <td align="center" valign="bottom" width="103">(28.48)</td> <td align="center" valign="bottom" width="136">-2.04%</td> <td align="center" valign="bottom" width="157">0.63%</td> <td align="center" valign="bottom" width="195">16.33% (RVX)</td></tr>
<tr> <td valign="bottom" width="274">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="115">1055.24</td> <td align="center" valign="bottom" width="103">(1.60)</td> <td align="center" valign="bottom" width="136">-0.15%</td> <td align="center" valign="bottom" width="157">6.44%</td> <td align="center" valign="bottom" width="195">10.50% (VXO)</td></tr>
<tr> <td valign="bottom" width="274">Crude Oil (CLJ7)</td> <td align="center" valign="bottom" width="115">48.39</td> <td align="center" valign="bottom" width="103">(4.81)</td> <td align="center" valign="bottom" width="136">-9.04%</td> <td align="center" valign="bottom" width="157">-10.21%</td> <td align="center" valign="bottom" width="195">33.45%(OVX)</td></tr>
<tr> <td valign="bottom" width="274">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="115">11.66</td> <td align="center" valign="bottom" width="103">0.70</td> <td align="center" valign="bottom" width="136">6.39%</td> <td align="center" valign="bottom" width="157">NA</td> <td align="center" valign="bottom" width="195"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<br />
<div align="justify">
The 2017 high for the CBOE Volatility Index is 13.28. As of Friday March 10, the VIX has gone 46 consecutive session without going above 13.50. This is the longest stretch below 13.5 since the 2008 financial crisis. The longest all time streak of 68 days below 13.50 took place from September 2006 to February 2007. These low VIX levels are indicative of the fact the S&P 500 has gone 103 days without a 1% drop. Beware of complacency.</div>
<div align="justify">
<br /></div>
Here is an overview of last week for the VIX and related products:<br />
<table border="4" cellpadding="0" cellspacing="0" style="width: 989px;"> <tbody>
<tr> <td align="center" valign="bottom" width="409"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="89"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="117"><b><u>10-Mar</u></b></td> <td align="center" valign="bottom" width="132"><b><u>3-Mar</u></b></td> <td align="center" valign="bottom" width="113"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="121"><b><u>% Change</u></b></td></tr>
<tr> <td width="409">CBOE Volatility Index</td> <td align="center" valign="bottom" width="89">VIX</td> <td align="center" valign="bottom" width="117">11.66</td> <td align="center" valign="bottom" width="132">10.96</td> <td align="center" valign="bottom" width="113">0.70</td> <td align="center" valign="bottom" width="121">6.39%</td></tr>
<tr> <td width="409">VIX March Future (3/22/2017)</td> <td align="center" valign="bottom" width="89">VXH7</td> <td align="center" valign="bottom" width="117">12.525</td> <td align="center" valign="bottom" width="132">12.825</td> <td align="center" valign="bottom" width="113">(0.30)</td> <td align="center" valign="bottom" width="121">-2.34%</td></tr>
<tr> <td width="409">VIX April Future (4/19/2017)</td> <td align="center" valign="bottom" width="89">VXJ7</td> <td align="center" valign="bottom" width="117">14.200</td> <td align="center" valign="bottom" width="132">14.575</td> <td align="center" valign="bottom" width="113">(0.38)</td> <td align="center" valign="bottom" width="121">-2.57%</td></tr>
<tr> <td width="409">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="89">VXK7</td> <td align="center" valign="bottom" width="117">15.125</td> <td align="center" valign="bottom" width="132">15.425</td> <td align="center" valign="bottom" width="113">(0.30)</td> <td align="center" valign="bottom" width="121">-1.94%</td></tr>
<tr> <td width="409">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="89">VXST</td> <td align="center" valign="bottom" width="117">10.68</td> <td align="center" valign="bottom" width="132">8.56</td> <td align="center" valign="bottom" width="113">2.12</td> <td align="center" valign="bottom" width="121">24.77%</td></tr>
<tr> <td width="409">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="89">VXV</td> <td align="center" valign="bottom" width="117">14.38</td> <td align="center" valign="bottom" width="132">14.26</td> <td align="center" valign="bottom" width="113">0.12</td> <td align="center" valign="bottom" width="121">0.84%</td></tr>
<tr> <td width="409">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="89">VXMT</td> <td align="center" valign="bottom" width="117">16.33</td> <td align="center" valign="bottom" width="132">16.25</td> <td align="center" valign="bottom" width="113">0.08</td> <td align="center" valign="bottom" width="121">0.49%</td></tr>
<tr> <td width="409">VIX of VIX</td> <td align="center" valign="bottom" width="89">VVIX</td> <td align="center" valign="bottom" width="117">80.27</td> <td align="center" valign="bottom" width="132">81.19</td> <td align="center" valign="bottom" width="113">(0.92)</td> <td align="center" valign="bottom" width="121">-1.13%</td></tr>
<tr> <td width="409">CBOE SKEW Index</td> <td align="center" valign="bottom" width="89">SKEW</td> <td align="center" valign="bottom" width="117">138.99</td> <td align="center" valign="bottom" width="132">136.10</td> <td align="center" valign="bottom" width="113">2.89</td> <td align="center" valign="bottom" width="121">2.12%</td></tr>
<tr> <td width="409"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="117"></td> <td align="center" valign="bottom" width="132"></td> <td align="center" valign="bottom" width="113"></td> <td align="center" valign="bottom" width="121"></td></tr>
<tr> <td width="409">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="89">UVXY</td> <td align="center" valign="bottom" width="117">18.90</td> <td align="center" valign="bottom" width="132">20.13</td> <td align="center" valign="bottom" width="113">(1.23)</td> <td align="center" valign="bottom" width="121">-6.11%</td></tr>
<tr> <td width="409">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="89">VXX</td> <td align="center" valign="bottom" width="117">17.01</td> <td align="center" valign="bottom" width="132">17.54</td> <td align="center" valign="bottom" width="113">(0.53)</td> <td align="center" valign="bottom" width="121">-3.02%</td></tr>
<tr> <td width="409">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="89">VIXY</td> <td align="center" valign="bottom" width="117">14.18</td> <td align="center" valign="bottom" width="132">14.61</td> <td align="center" valign="bottom" width="113">(0.43)</td> <td align="center" valign="bottom" width="121">-2.94%</td></tr>
<tr> <td width="409">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="89">VXZ</td> <td align="center" valign="bottom" width="117">28.45</td> <td align="center" valign="bottom" width="132">28.96</td> <td align="center" valign="bottom" width="113">(0.51)</td> <td align="center" valign="bottom" width="121">-1.76%</td></tr>
<tr> <td width="409"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="117"></td> <td align="center" valign="bottom" width="132"></td> <td align="center" valign="bottom" width="113"></td> <td align="center" valign="bottom" width="121"></td></tr>
<tr> <td width="409">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="89">SVXY</td> <td align="center" valign="bottom" width="117">132.58</td> <td align="center" valign="bottom" width="132">128.79</td> <td align="center" valign="bottom" width="113">3.79</td> <td align="center" valign="bottom" width="121">2.94%</td></tr>
<tr> <td width="409">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="89">XIV</td> <td align="center" valign="bottom" width="117">68.42</td> <td align="center" valign="bottom" width="132">66.42</td> <td align="center" valign="bottom" width="113">2.00</td> <td align="center" valign="bottom" width="121">3.01%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b>
<b></b> <br />
<div align="justify">
The week of March 13 is all about the Federal Reserve. The Federal Reserve will meet ab March 14 and March 5. It will and announce its monetary policy on Wednesday. Release of the FOMC report will be followed by a Janet Yellen press conference. Other national banks in the news this week. The Banks of Japan and England will also meet along with the Swiss National Bank. The Group of 20 (G20) will meet in Baden-Baden on March 17 and 18. China will release industrial production and retail sales data for the first two months of the year.</div>
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The earnings season has entered the quiet time. Adobe and Dollar General are the only stocks announcing earnings this week which meet my criteria. For trading the announcement. This was the second straight ho-hum earnings season. It has been my experience that the post earnings behavior of individual stocks and the associated options usually show a remarkable consistency between individual earnings announcements in movement of the underlying and change in the implied volatility of the options. This consistency within individual stocks has not been apparent the past two earnings cycles. It is as if a “new normal” is being defined.</div>
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<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
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“I took a speed-reading course and read War and Peace in twenty minutes. It involves Russia.” - Woody Allen</div>
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“I don't mind going back to daylight saving time. With inflation, </div>
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the hour will be the only thing I've saved all year.” – Victor Borge</div>
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"Buy the ticket, take the ride.” – Hunter S. Thompson<br />
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<div style="text-align: left;">
<strong><u>Monday March 13:</u></strong></div>
</div>
<b><u></u></b> <br />
Economic: Labor Market Conditions Index – 10:00.<br />
<br />
International Economic: Japan Tertiary Index – 1:30AM, China Industrial Production and Retail Sales – 10:00PM.<br />
<strong></strong> <br />
<b><u>Tuesday March 14:</u></b><br />
<strong></strong> <br />
Economic: NFIB Small Business Optimism Index – 6:00, PPI – FD – 8:30, Redbook – 8:55.<br />
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International Economic: Germany CPI – 3:00AM, Eurozone Industrial Production – 6:00.<br />
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Other: <strong>FOMC meeting begins.</strong><br />
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<strong></strong> <br />
<strong><u>Wednesday</u></strong><b><u> March 15:<strong></strong></u></b> <br />
<strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, CPI – 8:30, Retail Sales – 8:30, Empire State Manufacturing Survey = 8:30, Business Inventories – 10:00, Housing Market Index 0 10:00, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: France CPI – 3:45AM, Great Britain Labour Market Report – 5:30AM.<br />
<br />
Other:<strong> FOMC Meeting Announcement – 2:00, Fed Chair Press Conference – 2:30.</strong> <br />
<strong><br /></strong>
<strong></strong><br />
<strong><u>Thursday </u></strong><b><u>March 16:</u></b><br />
<div>
<b><u></u></b> <br />
Economic: Housing Starts – 8:30, Jobless Claims - 8:30, Philadelphia Fed Business Outlook Survey – 8:30, Bloomberg Consumer Comfort Index - 9:45, JOLTS – 10:00, EIA Natural Gas Report – 10:30, Money Supply – 4;30.<br />
International Economic: Eurozone HICP – 6:00AM.<br />
Other: European Central Bank (ECB) Announcement – 7:45 AM<br />
<strong></strong> <br />
<strong><u>Friday </u></strong><b><u>March 17:</u></b><br />
<b><u></u></b> <br />
<b><u>Quadruple Witching - </u></b><b><u>expiration for stock index futures, stock index options, stock options and single stock futures.</u></b><br />
<b><u></u></b> <br />
<b><u></u></b> <br />
Economic: Industrial Production – 9:15, Atlanta Fed Business Inflation Expectations - 10:00, Consumer Sentiment – 10:00, Leading Indicators – 10:00, Baker-Hughes Rig Count – 1:00PM.<br />
<br />
International Economic: Eurozone Merchandise Trade – 6:00AM.<br />
<strong></strong> <br />
<b><u>Monday March 20</u></b><b><u>:</u></b> <br />
<b><u></u></b> <br />
Economic: Chicago Fed National Activity Index – 8:30.<br />
<br />
International Economic: Germany PPI - 3:00AM.<br />
<br />
Other: Chicago Federal Reserve Bank President Charles Evans will speak at New York National Association for Business Economics Luncheon followed by audience and then media Q&A in New York – 1:10PM.<br />
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Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-89877480605173240352017-03-06T14:55:00.000-06:002017-03-06T15:01:13.169-06:00Market News for the Prepared Mind: 3.6.2017 – 3.13.2017<div align="center">
<br /></div>
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
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<br /></div>
<div align="center">
“Sometimes paranoia's just having all the facts.” - William S. Burroughs</div>
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"Facts do not cease to exist because they are ignored." - Aldous Huxley</div>
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<br /></div>
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"The market can remain irrational longer than you can remain solvent." John Keynes</div>
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<br /></div>
The Dow Jones Industrials and the S&P 500 are up over 6% since New Year’s Day. The tech-laden NADAQ 100 is up nearly 10.5% for the same period. The 2009-2017 bull market is the second longest in in history, surpassed on by the bull market running from 1987-2000. In absolute terms this bull market is the third strongest in history. The market rose 582% from 1987-2000 and 267% from 1949 to 1956. This long-term movement leaves the investor in the quandary of “What to do.”<br />
<br />
After any major market move, it is a good idea to reassess your financial goals based on age, need, and risk tolerance. Do not be afraid to adjust and rebalance.<br />
<br />
Here is an overview of the US market behavior last week and for 2017:<b></b> <br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 996px;"> <tbody>
<tr> <td align="center" valign="bottom" width="278"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="102"><b><u>3-Mar</u></b></td> <td align="center" valign="bottom" width="112"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="159"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="136"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="203"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="278">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="102">21,005.71</td> <td align="center" valign="bottom" width="112">183.95</td> <td valign="bottom" width="159">0.88%</td> <td align="center" valign="bottom" width="136">6.29%</td> <td align="center" valign="bottom" width="203">11.26% (VXD)</td></tr>
<tr> <td valign="bottom" width="278">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="102">2,380.50</td> <td align="center" valign="bottom" width="112">13.16</td> <td valign="bottom" width="159">0.56%</td> <td align="center" valign="bottom" width="136">6.35%</td> <td align="center" valign="bottom" width="203">10.96% (VIX)</td></tr>
<tr> <td valign="bottom" width="278">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="102">5,373.48</td> <td align="center" valign="bottom" width="112">30.17</td> <td valign="bottom" width="159">0.56%</td> <td align="center" valign="bottom" width="136">10.48%</td> <td align="center" valign="bottom" width="203">11.77% (VXN)</td></tr>
<tr> <td valign="bottom" width="278">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="102">1,394.12</td> <td align="center" valign="bottom" width="112">(0.40)</td> <td valign="bottom" width="159">-0.03%</td> <td align="center" valign="bottom" width="136">2.73%</td> <td align="center" valign="bottom" width="203">16.69% (RVX)</td></tr>
<tr> <td valign="bottom" width="278">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="102">1056.84</td> <td align="center" valign="bottom" width="112">9.03</td> <td valign="bottom" width="159">0.86%</td> <td align="center" valign="bottom" width="136">6.60%</td> <td align="center" valign="bottom" width="203">10.08% (VXO)</td></tr>
<tr> <td valign="bottom" width="278">Crude Oil (CLJ7)</td> <td align="center" valign="bottom" width="102">53.20</td> <td align="center" valign="bottom" width="112">(0.82)</td> <td valign="bottom" width="159">-1.52%</td> <td align="center" valign="bottom" width="136">-1.28%</td> <td align="center" valign="bottom" width="203">25.59%(OVX)</td></tr>
<tr> <td valign="bottom" width="278">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="102">10.96</td> <td align="center" valign="bottom" width="112">(0.51)</td> <td valign="bottom" width="159">-4.45%</td> <td align="center" valign="bottom" width="136">NA</td> <td align="center" valign="bottom" width="203"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b><br /></b>
Concerns about Trump’s speech before Congress led to a Tuesday close of 12.92. The VIX ended the week closing down at 4.45% or 0.51. This was the lowest closing low since February 14. The VXST - CBOE Short-term Volatility Index – show the largest decrease, 9.03%, among the various S&P 500 volatility indexes. Fears of March 15 parliamentary elections in the Netherlands and the April 21 beginning of the French Presidential election process were not reflected in pricing of VIX futures or related products. This could change at any moment. The ephemeral nature of fear and VIX pricing guarantee this.<br />
<br />
Here is an overview of last week for the VIX and related products:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 897px;"> <tbody>
<tr> <td align="center" valign="bottom" width="416"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="89"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="76"><b><u>3-Mar</u></b></td> <td align="center" valign="bottom" width="94"><b><u>24-Feb</u></b></td> <td align="center" valign="bottom" width="95"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="122"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="416">CBOE Volatility Index</td> <td align="center" valign="bottom" width="89">VIX</td> <td align="center" valign="bottom" width="76">10.96</td> <td align="center" valign="bottom" width="94">11.47</td> <td align="center" valign="bottom" width="95">(0.51)</td> <td align="center" valign="bottom" width="122">-4.45%</td></tr>
<tr> <td valign="bottom" width="416">VIX March Future (3/22/2017)</td> <td align="center" valign="bottom" width="89">VXH7</td> <td align="center" valign="bottom" width="76">12.825</td> <td align="center" valign="bottom" width="94">13.325</td> <td align="center" valign="bottom" width="95">(0.50)</td> <td align="center" valign="bottom" width="122">-3.75%</td></tr>
<tr> <td valign="bottom" width="416">VIX April Future (4/19/2017)</td> <td align="center" valign="bottom" width="89">VXJ7</td> <td align="center" valign="bottom" width="76">14.575</td> <td align="center" valign="bottom" width="94">15.250</td> <td align="center" valign="bottom" width="95">(0.68)</td> <td align="center" valign="bottom" width="122">-4.43%</td></tr>
<tr> <td valign="bottom" width="416">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="89">VXK7</td> <td align="center" valign="bottom" width="76">15.425</td> <td align="center" valign="bottom" width="94">16.075</td> <td align="center" valign="bottom" width="95">(0.65)</td> <td align="center" valign="bottom" width="122">-4.04%</td></tr>
<tr> <td valign="bottom" width="416">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="89">VXST</td> <td align="center" valign="bottom" width="76">8.56</td> <td align="center" valign="bottom" width="94">9.41</td> <td align="center" valign="bottom" width="95">(0.85)</td> <td align="center" valign="bottom" width="122">-9.03%</td></tr>
<tr> <td valign="bottom" width="416">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="89">VXV</td> <td align="center" valign="bottom" width="76">14.26</td> <td align="center" valign="bottom" width="94">14.76</td> <td align="center" valign="bottom" width="95">(0.50)</td> <td align="center" valign="bottom" width="122">-3.39%</td></tr>
<tr> <td valign="bottom" width="416">CBOE Mid-term Volatility Index (6 mo)</td> <td align="center" valign="bottom" width="89">VXMT</td> <td align="center" valign="bottom" width="76">16.25</td> <td align="center" valign="bottom" width="94">16.68</td> <td align="center" valign="bottom" width="95">(0.43)</td> <td align="center" valign="bottom" width="122">-2.58%</td></tr>
<tr> <td valign="bottom" width="416">VIX of VIX</td> <td align="center" valign="bottom" width="89">VVIX</td> <td align="center" valign="bottom" width="76">81.19</td> <td align="center" valign="bottom" width="94">83.31</td> <td align="center" valign="bottom" width="95">(2.12)</td> <td align="center" valign="bottom" width="122">-2.54%</td></tr>
<tr> <td valign="bottom" width="416">CBOE SKEW Index</td> <td align="center" valign="bottom" width="89">SKEW</td> <td align="center" valign="bottom" width="76">136.10</td> <td align="center" valign="bottom" width="94">138.66</td> <td align="center" valign="bottom" width="95">(2.56)</td> <td align="center" valign="bottom" width="122">-1.85%</td></tr>
<tr> <td valign="bottom" width="416"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="76"></td> <td align="center" valign="bottom" width="94"></td> <td align="center" valign="bottom" width="95"></td> <td align="center" valign="bottom" width="122"></td></tr>
<tr> <td valign="bottom" width="416">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="89">UVXY</td> <td align="center" valign="bottom" width="76">20.13</td> <td align="center" valign="bottom" width="94">21.44</td> <td align="center" valign="bottom" width="95">(1.31)</td> <td align="center" valign="bottom" width="122">-6.11%</td></tr>
<tr> <td valign="bottom" width="416">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="89">VXX</td> <td align="center" valign="bottom" width="76">17.54</td> <td align="center" valign="bottom" width="94">18.09</td> <td align="center" valign="bottom" width="95">(0.55)</td> <td align="center" valign="bottom" width="122">-3.04%</td></tr>
<tr> <td valign="bottom" width="416">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="89">VIXY</td> <td align="center" valign="bottom" width="76">14.61</td> <td align="center" valign="bottom" width="94">15.08</td> <td align="center" valign="bottom" width="95">(0.47)</td> <td align="center" valign="bottom" width="122">-3.12%</td></tr>
<tr> <td valign="bottom" width="416">iPath S&P 500 VIX Mid-Term Futures ETN</td> <td align="center" valign="bottom" width="89">VXZ</td> <td align="center" valign="bottom" width="76">28.96</td> <td align="center" valign="bottom" width="94">29.84</td> <td align="center" valign="bottom" width="95">(0.88)</td> <td align="center" valign="bottom" width="122">-2.95%</td></tr>
<tr> <td valign="bottom" width="416"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="89"></td> <td align="center" valign="bottom" width="76"></td> <td align="center" valign="bottom" width="94"></td> <td align="center" valign="bottom" width="95"></td> <td align="center" valign="bottom" width="122"></td></tr>
<tr> <td valign="bottom" width="416">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="89">SVXY</td> <td align="center" valign="bottom" width="76">128.79</td> <td align="center" valign="bottom" width="94">125.25</td> <td align="center" valign="bottom" width="95">3.54</td> <td align="center" valign="bottom" width="122">2.83%</td></tr>
<tr> <td valign="bottom" width="416">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="89">XIV</td> <td align="center" valign="bottom" width="76">66.42</td> <td align="center" valign="bottom" width="94">64.52</td> <td align="center" valign="bottom" width="95">1.90</td> <td align="center" valign="bottom" width="122">2.94%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b><br /></b>
<b></b> <br />
<div align="justify">
There are just a few economic reports that will be released next week, but they do include one of the biggest – the U.S. Employment Situation report on Friday. Monday starts with Factory Orders followed by the Tuesday release of trade numbers. The focus changes to employment on Wednesday with the release of the<strong> ADP Employment Report. Employment remains the focus through Friday when February’s Employment Situation Report is released. T</strong>he ECB will also release a statement after its regularly scheduled meeting on Thursday. January merchandise trade and industrial output will be released this coming week by a number of countries.</div>
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<br /></div>
<div align="justify">
The wild card remains the US political climate. Google Trump and read the tweets from Donald Trump (@realDonaldTrump). His tweets have the capability of setting the tenor for an entire trading day.</div>
<div align="justify">
<br /></div>
<div align="justify">
The earnings season has entered the quiet time. This was the second straight ho-hum earnings season. It has been my experience that the post-earnings behavior of individual stocks and the associated options usually show a remarkable consistency between individual earnings announcements and movement of the underlying and change in the implied volatility of the options. This consistency within individual stocks has not been apparent the past two earnings cycles. It is as if a “new normal” is being defined.</div>
<div align="justify">
<br /></div>
<div align="justify">
Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprises which may occur in any trading campaign. <b>Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. </b>The most accurate source of this information is the company’s investor relations website.</div>
<div align="justify">
<br /></div>
<div align="justify">
I have added a scan of stocks with earnings announcements to the calendar for each day in the coming week. The scan criteria are: Closing price> $20, Implied Volatility > 25, Average daily option volume > 800 contracts. Liquidity, as determined by width of option markets and individual option contract volume, is a crucial component in successfully trading any option strategy. One of the most frustrating experiences is an inability to adjust or exit a strategy due to lack of liquidity in the market. The market uncertainty associated with the election has impacted liquidity. I found it difficult to enter earning trades last week. The bid/ask spreads seemed much larger than usual. Do not force trades in illiquid markets. <b>Data Source for earnings: OptionVue8</b> </div>
<div align="justify">
<b><br /></b></div>
<b></b> <br />
<div align="center">
<b><u>Earnings Scan: March 6 through March 17</u></b></div>
<b><u></u></b> <br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 898px;"> <tbody>
<tr> <td align="center" valign="bottom" width="102"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="292"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="127"><b><u>Mar 3 Close</u></b></td> <td align="center" valign="bottom" width="70"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="66"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="156"><b><u>AVGOPTVOL</u></b></td> <td align="center" valign="bottom" width="79"><b><u>DATE</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="102">CASY</td> <td valign="bottom" width="292">Casey's General Stores Inc</td> <td align="center" valign="bottom" width="127">$113.91</td> <td align="center" valign="bottom" width="70">30.08</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">958</td> <td align="center" valign="bottom" width="79">6-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">THO</td> <td valign="bottom" width="292">Thor Industries, Inc.</td> <td align="center" valign="bottom" width="127">$113.94</td> <td align="center" valign="bottom" width="70">36.21</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">848</td> <td align="center" valign="bottom" width="79">6-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">DKS</td> <td valign="bottom" width="292">Dicks Sporting Goods Inc</td> <td align="center" valign="bottom" width="127">$52.34</td> <td align="center" valign="bottom" width="70">49.32</td> <td align="center" valign="bottom" width="66">BMO</td> <td align="center" valign="bottom" width="156">5429</td> <td align="center" valign="bottom" width="79">7-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">URBN</td> <td valign="bottom" width="292">Urban Outfitters, Inc.</td> <td align="center" valign="bottom" width="127">$26.06</td> <td align="center" valign="bottom" width="70">52.60</td> <td align="center" valign="bottom" width="66">BMO</td> <td align="center" valign="bottom" width="156">2267</td> <td align="center" valign="bottom" width="79">7-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">MOMO</td> <td valign="bottom" width="292">Momo Inc (ADR)</td> <td align="center" valign="bottom" width="127">$26.87</td> <td align="center" valign="bottom" width="70">63.71</td> <td align="center" valign="bottom" width="66"></td> <td align="center" valign="bottom" width="156">1698</td> <td align="center" valign="bottom" width="79">7-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">CIEN</td> <td valign="bottom" width="292">Ciena Corporation</td> <td align="center" valign="bottom" width="127">$26.10</td> <td align="center" valign="bottom" width="70">46.53</td> <td align="center" valign="bottom" width="66">BMO</td> <td align="center" valign="bottom" width="156">4732</td> <td align="center" valign="bottom" width="79">8-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">SIG</td> <td valign="bottom" width="292">Signet Jewelers Ltd.</td> <td align="center" valign="bottom" width="127">$64.58</td> <td align="center" valign="bottom" width="70">46.27</td> <td align="center" valign="bottom" width="66">DMT</td> <td align="center" valign="bottom" width="156">1746</td> <td align="center" valign="bottom" width="79">9-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">STRP</td> <td valign="bottom" width="292">Straight Path Communications</td> <td align="center" valign="bottom" width="127">$32.63</td> <td align="center" valign="bottom" width="70">81.74</td> <td align="center" valign="bottom" width="66">BMO</td> <td align="center" valign="bottom" width="156">1249</td> <td align="center" valign="bottom" width="79">9-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">FNSR</td> <td valign="bottom" width="292">Finisar Corporation</td> <td align="center" valign="bottom" width="127">$34.48</td> <td align="center" valign="bottom" width="70">60.90</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">3054</td> <td align="center" valign="bottom" width="79">9-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">NAV</td> <td valign="bottom" width="292">Navistar International Corp</td> <td align="center" valign="bottom" width="127">$27.68</td> <td align="center" valign="bottom" width="70">51.73</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">1109</td> <td align="center" valign="bottom" width="79">9-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">ULTA</td> <td valign="bottom" width="292">Ulta Beauty Inc</td> <td align="center" valign="bottom" width="127">$278.15</td> <td align="center" valign="bottom" width="70">33.32</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">4262</td> <td align="center" valign="bottom" width="79">9-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">BIVV</td> <td valign="bottom" width="292">Bioverativ Inc</td> <td align="center" valign="bottom" width="127">$52.51</td> <td align="center" valign="bottom" width="70">35.23</td> <td align="center" valign="bottom" width="66"></td> <td align="center" valign="bottom" width="156">1030</td> <td align="center" valign="bottom" width="79">9-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">REN</td> <td valign="bottom" width="292">Resolute Energy Corp</td> <td align="center" valign="bottom" width="127">$44.49</td> <td align="center" valign="bottom" width="70">54.39</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">1176</td> <td align="center" valign="bottom" width="79">14-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">JBL</td> <td valign="bottom" width="292">Jabil Circuit, Inc.</td> <td align="center" valign="bottom" width="127">$25.96</td> <td align="center" valign="bottom" width="70">33.08</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">832</td> <td align="center" valign="bottom" width="79">15-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">WSM</td> <td valign="bottom" width="292">Williams-Sonoma, Inc.</td> <td align="center" valign="bottom" width="127">$50.34</td> <td align="center" valign="bottom" width="70">33.69</td> <td align="center" valign="bottom" width="66">AMC</td> <td align="center" valign="bottom" width="156">861</td> <td align="center" valign="bottom" width="79">15-Mar</td></tr>
<tr> <td align="center" valign="bottom" width="102">DG</td> <td valign="bottom" width="292">Dollar General Corp.</td> <td align="center" valign="bottom" width="127">$73.12</td> <td align="center" valign="bottom" width="70">36.30</td> <td align="center" valign="bottom" width="66">BMO</td> <td align="center" valign="bottom" width="156">4844</td> <td align="center" valign="bottom" width="79">17-Mar</td></tr>
</tbody></table>
<br />
<b><u></u></b> <br />
Advice to stimulate your imagination:<br />
<div align="center">
“I took a speed-reading course and read War and Peace in twenty minutes. It involves Russia.” - Woody Allen</div>
<div align="center">
<br /></div>
<div align="center">
“Nobody should have any illusion about the possibility of gaining military superiority over Russia. We will never allow this to happen.” - Vladimir Putin</div>
<div align="center">
<br /></div>
<div align="center">
“If you do not actively attack the risks, they will actively attack you.” - Tom Gib</div>
<div align="center">
<br /></div>
<b><u>Monday March 6:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Gallup US Spending Measure - 8:30, Factory Orders – 10:00, TD-Ameritrade IMX – 12:30, Durable Goods Orders – 8:30, Dallas Fed Manufacturing Survey – 10:30.<br />
<br />
<br />
International Economic: No major announcements.<br />
<br />
<br />
Orders: Minneapolis Federal Reserve Bank President Neel Kashkari speaks at NABE conference in panel titled "A View from the FRB Minneapolis," in Washington, D.C – 3:00PM.<br />
<br />
<strong></strong> <br />
<b><u>Tuesday March 7:</u></b> <br />
<strong></strong> <br />
Economic: International Trade in Goods – 8:30, Gallup US ECI – 8:30. Redbook – 8:55, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Germany Manufacturers’ Orders – 2:00AM, Eurozone GDP – 5:00AM.<br />
<br />
<strong><u>Wednesday</u></strong><b><u> March 8:<strong></strong></u></b> <br />
<b><u><br /></u></b>
<strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00 ADP Employment Report - 8:15, Productivity and Costs - 8:30, Wholesale Trade - 10:00, EIA Natural Gas Report – 10:30.<br />
<br />
<br />
International Economic: Germany Industrial Production – 2:00AM, France Merchandise Trade – 2:45. China CPI & PPI – 8:30PM.<br />
<br />
<strong></strong> <br />
<strong><u>Thursday </u></strong><b><u>March 9:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Challenger Job-Cut Report – 7:30, Jobless Claims - 8:30, Gallup Good Jobs Rate - 8:30, Import and Export Prices - 8:30, Bloomberg Consumer Comfort Index - 9:45, Quarterly Services Survey - 10:00.<br />
<br />
International Economic: No major announcements.<br />
<br />
Other: European Central Bank (ECB) Announcement – 7:45 AM<br />
<br />
<strong></strong> <br />
<strong><u>Friday </u></strong><b><u>March 10:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: February Employment Situation – 8:30, Baker-Hughes Rig Count – 1:00PM.<br />
<br />
<br />
International Economic: Germany Merchandise Trade - 2:00AM, France Industrial Production - 3:45AM, Italy Unemployment Rate - 4:00AM, Great Britain Industrial Production - 5:30AM, Great Britain Merchandise Trade – 5:30AM.<br />
<br />
<strong></strong> <br />
<b><u>Monday March 13:</u></b> <br />
<b><u><br /></u></b>
<b><u></u></b> <br />
Economic: Labor Market Situation – 10:00.<br />
<br />
<br />
International Economic: Japan Tertiary Index – 1:30AM, China Industrial Production and Retail Sales – 10:00PM.<br />
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-72652235588230416692017-02-26T15:52:00.001-06:002017-02-26T15:57:44.069-06:00Market News for the Prepared Mind: 2.27.2017 – 3.6.2017<div align="center">
“Imagination decides everything.” - Blaise Pascal<br />
<br /></div>
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur<br />
<br /></div>
<div align="center">
“This awful catastrophe is not the end but the beginning.</div>
<div align="center">
History does not end so. It is the way its chapters open.” - St. Augustine<br />
<br /></div>
<div align="center">
"The market can remain irrational longer than you can remain solvent." John Keynes<br />
<br /></div>
The Dow Jones Industrials were up for the 11<sup>th</sup> straight day. The string of gains is the product of a string of small daily gains. Treasury yields move to their lowest levels in over 5 weeks. The VIX remains at levels showing little investor concern. Most of the indicators are decidedly bullish, yet I am wary. Over 30 years as a professional options trader has left me permanently wary.<br />
<br />
Here is an overview of the US market behavior last week and for 2017:<b></b>
<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 993px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="293"><b><u>Index</u></b></td>
<td align="center" valign="bottom" width="157"><b><u>24-Feb</u></b></td>
<td align="center" valign="bottom" width="115"><b><u>Change </u></b></td>
<td align="center" valign="bottom" width="133"><b><u>% Weekly</u></b></td>
<td align="center" valign="bottom" width="113"><b><u>2016 YTD</u></b></td>
<td align="center" valign="bottom" width="176"><b><u>Volatility of Index</u></b></td></tr>
<tr>
<td valign="bottom" width="293">Dow Jones Industrials (DJIA)</td>
<td align="center" valign="bottom" width="157">20,821.76</td>
<td align="center" valign="bottom" width="115">197.71</td>
<td align="center" valign="bottom" width="133">0.96%</td>
<td align="center" valign="bottom" width="113">5.36%</td>
<td valign="bottom" width="176">11.34% (VXD)</td></tr>
<tr>
<td valign="bottom" width="293">S&P 500 (SPX)</td>
<td align="center" width="157">2,367.34</td>
<td align="center" valign="bottom" width="115">16.18</td>
<td align="center" valign="bottom" width="133">0.69%</td>
<td align="center" valign="bottom" width="113">5.77%</td>
<td valign="bottom" width="176">11.47% (VIX)</td></tr>
<tr>
<td valign="bottom" width="293">NASDAQ 100 (NDX)</td>
<td align="center" width="157">5,343.31</td>
<td align="center" valign="bottom" width="115">18.59</td>
<td align="center" valign="bottom" width="133">0.35%</td>
<td align="center" valign="bottom" width="113">9.86%</td>
<td valign="bottom" width="176">12.75% (VXN)</td></tr>
<tr>
<td valign="bottom" width="293">Russell 2000 (RUT)</td>
<td align="center" width="157">1,394.52</td>
<td align="center" valign="bottom" width="115">(5.34)</td>
<td align="center" valign="bottom" width="133"><span style="color: red;">-0.38%</span></td>
<td align="center" valign="bottom" width="113">2.76%</td>
<td valign="bottom" width="176">16.90% (RVX)</td></tr>
<tr>
<td valign="bottom" width="293">S&P 100 (OEX)</td>
<td align="center" width="157">1047.81</td>
<td align="center" valign="bottom" width="115">8.58</td>
<td align="center" valign="bottom" width="133">0.83%</td>
<td align="center" valign="bottom" width="113">5.69%</td>
<td valign="bottom" width="176">10.65% (VXO)</td></tr>
<tr>
<td valign="bottom" width="293">Crude Oil (CLJ7)</td>
<td align="center" width="157">54.02</td>
<td align="center" valign="bottom" width="115">0.29</td>
<td align="center" valign="bottom" width="133">0.54%</td>
<td align="center" valign="bottom" width="113">0.24%</td>
<td valign="bottom" width="176">25.72%(OVX)</td></tr>
<tr>
<td valign="bottom" width="293">CBOE Volatility Index (VIX)</td>
<td align="center" width="157">11.47</td>
<td align="center" valign="bottom" width="115">(0.02)</td>
<td align="center" valign="bottom" width="134"><span style="color: red;">-0.17%</span></td>
<td align="center" valign="bottom" width="114">NA</td>
<td valign="bottom" width="176"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b>
<br />
<b><br /></b>
THE VIX was down for the week. The March VIX future was down, while the April and May futures showed increases of over 6%. Russell Rhoads, CBOE VIX guru, pointed to the upcoming first round of the French presidential election as impetus for the strength of the April and May VIX futures. This strength was reflected in the VIX 3 month and 6 month Volatility Indexes. The VXV (CBOE 3 Month Volatility Index) was up 7.58%,<br />
<br />
Here is an overview of last week for the VIX and related products:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 998px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="417"><b><u>Indexes</u></b></td>
<td align="center" valign="bottom" width="137"><b><u>Ticker</u></b></td>
<td align="center" valign="bottom" width="108"><b><u>24-Feb</u></b></td>
<td align="center" valign="bottom" width="98"><b><u>17-Feb</u></b></td>
<td align="center" valign="bottom" width="108"><b><u>Change </u></b></td>
<td align="center" valign="bottom" width="124"><b><u>% Change</u></b></td></tr>
<tr>
<td valign="bottom" width="417">CBOE Volatility Index</td>
<td align="center" valign="bottom" width="137">VIX</td>
<td align="center" valign="bottom" width="108">11.47</td>
<td align="center" valign="bottom" width="98">11.49</td>
<td align="center" valign="bottom" width="108"><span style="color: red;">(0.02)</span></td>
<td align="center" valign="bottom" width="124"><span style="color: red;">-0.17%</span></td></tr>
<tr>
<td valign="bottom" width="417">VIX March Future (3/22/2017)</td>
<td align="center" valign="bottom" width="137">VXH7</td>
<td align="center" valign="bottom" width="108">13.325</td>
<td align="center" valign="bottom" width="98">13.125</td>
<td align="center" valign="bottom" width="108">0.20</td>
<td align="center" valign="bottom" width="124">1.52%</td></tr>
<tr>
<td valign="bottom" width="417">VIX April Future (4/19/2017)</td>
<td align="center" valign="bottom" width="137">VXJ7</td>
<td align="center" valign="bottom" width="108">15.250</td>
<td align="center" valign="bottom" width="98">14.350</td>
<td align="center" valign="bottom" width="108">0.90</td>
<td align="center" valign="bottom" width="124">6.27%</td></tr>
<tr>
<td valign="bottom" width="417">VIX May Future (5/17/2017)</td>
<td align="center" valign="bottom" width="137">VXK7</td>
<td align="center" valign="bottom" width="108">16.075</td>
<td align="center" valign="bottom" width="98">15.150</td>
<td align="center" valign="bottom" width="108">0.92</td>
<td align="center" valign="bottom" width="124">6.11%</td></tr>
<tr>
<td valign="bottom" width="417">CBOE Short-term Volatility Index</td>
<td align="center" valign="bottom" width="137">VXST</td>
<td align="center" valign="bottom" width="108">9.41</td>
<td align="center" valign="bottom" width="98">9.03</td>
<td align="center" valign="bottom" width="108">0.38</td>
<td align="center" valign="bottom" width="124">4.21%</td></tr>
<tr>
<td valign="bottom" width="417">CBOE 3 Month Volatility Index</td>
<td align="center" valign="bottom" width="137">VXV</td>
<td align="center" valign="bottom" width="108">14.76</td>
<td align="center" valign="bottom" width="98">13.72</td>
<td align="center" valign="bottom" width="108">1.04</td>
<td align="center" valign="bottom" width="124">7.58%</td></tr>
<tr>
<td valign="bottom" width="417">CBOE Mid-term Volatility Index (6 month)</td>
<td align="center" valign="bottom" width="137">VXMT</td>
<td align="center" valign="bottom" width="108">16.68</td>
<td align="center" valign="bottom" width="98">15.79</td>
<td align="center" valign="bottom" width="108">0.89</td>
<td align="center" valign="bottom" width="124">5.64%</td></tr>
<tr>
<td valign="bottom" width="417">VIX of VIX</td>
<td align="center" valign="bottom" width="137">VVIX</td>
<td align="center" valign="bottom" width="108">83.31</td>
<td align="center" valign="bottom" width="98">81.25</td>
<td align="center" valign="bottom" width="108">2.06</td>
<td align="center" valign="bottom" width="124">2.54%</td></tr>
<tr>
<td valign="bottom" width="417">CBOE SKEW Index</td>
<td align="center" valign="bottom" width="137">SKEW</td>
<td align="center" valign="bottom" width="108">138.66</td>
<td align="center" valign="bottom" width="98">141.15</td>
<td align="center" valign="bottom" width="108">(2.49)</td>
<td align="center" valign="bottom" width="124">-1.76%</td></tr>
<tr>
<td valign="bottom" width="417"><b><u>Long VIX ETP's</u></b></td>
<td align="center" valign="bottom" width="137"></td>
<td align="center" valign="bottom" width="108"></td>
<td align="center" valign="bottom" width="98"></td>
<td align="center" valign="bottom" width="108"></td>
<td align="center" valign="bottom" width="124"></td></tr>
<tr>
<td valign="bottom" width="417">ProShares Ultra VIX Short Term Futures ETF</td>
<td align="center" valign="bottom" width="137">UVXY</td>
<td align="center" valign="bottom" width="108">21.44</td>
<td align="center" valign="bottom" width="98">20.25</td>
<td align="center" valign="bottom" width="108">1.19</td>
<td align="center" valign="bottom" width="124">5.88%</td></tr>
<tr>
<td valign="bottom" width="417">iPath S&P 500 VIX Short Term Futures ETN</td>
<td align="center" valign="bottom" width="137">VXX</td>
<td align="center" valign="bottom" width="108">18.09</td>
<td align="center" valign="bottom" width="98">17.54</td>
<td align="center" valign="bottom" width="108">0.55</td>
<td align="center" valign="bottom" width="124">3.14%</td></tr>
<tr>
<td valign="bottom" width="417">ProShares VIX Short Term Futures ETF</td>
<td align="center" valign="bottom" width="137">VIXY</td>
<td align="center" valign="bottom" width="108">15.08</td>
<td align="center" valign="bottom" width="98">14.65</td>
<td align="center" valign="bottom" width="108">0.43</td>
<td align="center" valign="bottom" width="124">2.94%</td></tr>
<tr>
<td valign="bottom" width="417">iPath S&P 500 VIX Mid-Term Futures ETN</td>
<td align="center" valign="bottom" width="137">VXZ</td>
<td align="center" valign="bottom" width="108">29.84</td>
<td align="center" valign="bottom" width="98">28.49</td>
<td align="center" valign="bottom" width="108">1.35</td>
<td align="center" valign="bottom" width="124">4.74%</td></tr>
<tr>
<td valign="bottom" width="417"><b><u>Inverse VIX ETP's </u></b></td>
<td align="center" valign="bottom" width="137"></td>
<td align="center" valign="bottom" width="108"></td>
<td align="center" valign="bottom" width="98"></td>
<td align="center" valign="bottom" width="108"></td>
<td align="center" valign="bottom" width="124"></td></tr>
<tr>
<td valign="bottom" width="417">ProShares Short VIX Short Term Future ETF</td>
<td align="center" valign="bottom" width="137">SVXY</td>
<td align="center" valign="bottom" width="108">125.25</td>
<td align="center" valign="bottom" width="98">129.05</td>
<td align="center" valign="bottom" width="108"><span style="color: red;">(3.80)</span></td>
<td align="center" valign="bottom" width="124"><span style="color: red;">-2.94%</span></td></tr>
<tr>
<td valign="bottom" width="417">Daily Inverse VIX Short Term ETN</td>
<td align="center" valign="bottom" width="137">XIV</td>
<td align="center" valign="bottom" width="108">64.52</td>
<td align="center" valign="bottom" width="98">66.54</td>
<td align="center" valign="bottom" width="108"><span style="color: red;">(2.02)</span></td>
<td align="center" valign="bottom" width="124"><span style="color: red;">-3.04%</span></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b>
<br />
<b><br /></b>
<b></b> The first trading week of March does not end with the the employment situation report. Instead of the usual first Friday of the month, the Bureau of Labor Statistics won’t release employment figures for February until the following Friday, March 10.. The coming week includes reports on durable goods and the CoreLogic Case-Shiller Home Price Index. The absence of the monthly employment numbers will allow extra attention to other economic releases” Durable goods orders on Monday, the second estimate for fourth-quarter GDP will follow on Tuesday as will January trade data on goods, and Wednesday will see personal income & outlays. The week closes with the ISM non-manufacturing report. The international focus is on Dutch Parliamentary elections on March 15 and the first round of the French presidential election on April 23. European investors are jittery.<br />
<br />
The earnings season is starting to wind down. This is the second straight ho-hum earnings season. It has been my experience that the post earnings behavior of individual stocks and the associated options have shown a remarkable consistency in movement of the underlying and change in the implied volatility of the options. This consistency within individual stocks has not been apparent the past two earnings cycles. It is as if a “new normal” is being defined.<br />
Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprises which may occur in any trading campaign. <b>Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. </b>The most accurate source of this information is the company’s investor relations website.<br />
<br />
I have added a scan of stocks with earnings announcements to the calendar for each day in the coming week. The scan criteria are: Closing price> $20, Implied Volatility > 25, Average daily option volume > 800 contracts. Liquidity, as determined by width of option markets and individual option contract volume, is a crucial component in successfully trading any option strategy. One of the most frustrating experiences is an inability to adjust or exit a strategy due to lack of liquidity in the market. The market uncertainty associated with the election has impacted liquidity. I found it difficult to enter earning trades last week. The bid/ask spreads seemed much larger than usual. Do not force trades in illiquid markets. <b>Data Sources for earnings: Livevol Core and OptionVue8</b>
<br />
<b><br /></b>
Advice to stimulate your imagination:<br />
<br />
<div align="center">
“The fact that people are full of greed, fear, or folly is predictable.</div>
<div align="center">
“The sequence is not predictable.” Warren Buffett<br />
<br /></div>
<div align="center">
"If you spend more than 13 minutes analyzing economic and market forecasts,you've wasted 10 minutes" - Peter Lynch<br />
<br /></div>
<div align="center">
“If you do not actively attack the risks, they will actively attack you.” - Tom Gib<br />
<br /></div>
<b><u>Monday February 27:</u></b>
<br />
<strong></strong> <strong>Economic:</strong> Durable Goods Orders – 8:30, Pending Home Sales – 10:00, Dallas Fed Manufacturing Survey – 10:30<br />
<br />
International Economic: Japan Industrial Production and Retail Trade – 6:50PM.<br />
<br />
<div align="justify">
Other: Dallas Federal Reserve Bank President Robert Kaplan participates in a moderated discussion at the University of Oklahoma Price College of Business in Norman, Okla., with audience and media Q&A – 11:00AM.<br />
<br /></div>
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 908px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="115"><b><u>Symbol</u></b></td>
<td align="center" valign="bottom" width="303"><b><u>Company Name</u></b></td>
<td align="center" valign="bottom" width="144"><b><u>Feb 24 Close</u></b></td>
<td align="center" valign="bottom" width="92"><b><u>IV30</u></b></td>
<td align="center" valign="bottom" width="82"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="166"><b><u>AVGOPTVOL</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="115">PRGO</td>
<td valign="bottom" width="302">Perrigo Company PLC</td>
<td align="center" valign="bottom" width="143">$84.07</td>
<td align="center" valign="bottom" width="92">40.82</td>
<td align="center" valign="bottom" width="82">BMO</td>
<td align="center" valign="bottom" width="167">2235</td></tr>
<tr>
<td align="center" valign="bottom" width="115">WUBA</td>
<td valign="bottom" width="301">58.com Inc (ADR)</td>
<td align="center" valign="bottom" width="143">$32.68</td>
<td align="center" valign="bottom" width="92">53.75</td>
<td align="center" valign="bottom" width="82">BMO</td>
<td align="center" valign="bottom" width="168">3570</td></tr>
<tr>
<td align="center" valign="bottom" width="114">ALB</td>
<td valign="bottom" width="301">Albemarle Corporation</td>
<td align="center" valign="bottom" width="143">$92.41</td>
<td align="center" valign="bottom" width="92">34.07</td>
<td align="center" valign="bottom" width="82">AMC</td>
<td align="center" valign="bottom" width="168">1198</td></tr>
<tr>
<td align="center" valign="bottom" width="114">EOG</td>
<td valign="bottom" width="301">EOG Resources Inc</td>
<td align="center" valign="bottom" width="143">$97.57</td>
<td align="center" valign="bottom" width="92">28.39</td>
<td align="center" valign="bottom" width="82">AMC</td>
<td align="center" valign="bottom" width="168">7699</td></tr>
<tr>
<td align="center" valign="bottom" width="114">HAIN</td>
<td valign="bottom" width="301">Hain Celestial Group Inc</td>
<td align="center" valign="bottom" width="143">$34.84</td>
<td align="center" valign="bottom" width="92">35.57</td>
<td align="center" valign="bottom" width="82">AMC</td>
<td align="center" valign="bottom" width="168">3360</td></tr>
<tr>
<td align="center" valign="bottom" width="114">OKE</td>
<td valign="bottom" width="301">ONEOK, Inc.</td>
<td align="center" valign="bottom" width="143">$54.64</td>
<td align="center" valign="bottom" width="92">27.91</td>
<td align="center" valign="bottom" width="82">AMC</td>
<td align="center" valign="bottom" width="168">1057</td></tr>
<tr>
<td align="center" valign="bottom" width="114">PCLN</td>
<td valign="bottom" width="301">Priceline Group Inc</td>
<td align="center" valign="bottom" width="143">$1,637.26</td>
<td align="center" valign="bottom" width="92">25.03</td>
<td align="center" valign="bottom" width="82">AMC</td>
<td align="center" valign="bottom" width="168">15745</td></tr>
<tr>
<td align="center" valign="bottom" width="114">WDAY</td>
<td valign="bottom" width="301">Workday Inc</td>
<td align="center" valign="bottom" width="143">$88.19</td>
<td align="center" valign="bottom" width="92">43.69</td>
<td align="center" valign="bottom" width="82">AMC</td>
<td align="center" valign="bottom" width="168">3671</td></tr>
<tr>
<td align="center" valign="bottom" width="114">PBYI</td>
<td valign="bottom" width="301">Puma Biotechnology Inc</td>
<td align="center" valign="bottom" width="144">$34.70</td>
<td align="center" valign="bottom" width="93">174.27</td>
<td align="center" valign="bottom" width="83"></td>
<td align="center" valign="bottom" width="169">1290</td></tr>
</tbody></table>
<strong></strong> <b><u>Tuesday February 28:</u></b>
<br />
<b><u><br /></u></b>
<strong></strong>
<br />
<div align="justify">
Economic: GDP – 8:30AM, International Trade in Goods – 8:30, Redbook – 8:55, S&P Corelogic Case-Shiller HPI 0 9:00, Chicago PMI – 9:45, Consumer Confidence – 10:00, Richmond Fed Manufacturing Index - 10:00, State Street Investor Confidence – 10:00, Farm Price – 3:00.<br />
<br /></div>
<div align="justify">
International Economic: Germany Retail Sales – 2:00AM, France GDP, CPI, PPI – 2:45AM.<br />
<br /></div>
<div align="justify">
</div>
<div align="justify">
Other: Kansas City Federal Reserve Bank President Esther George gives keynote speech about the U.S. Economy and Monetary Policy at Banking and the Economy: A Forum for Women in Banking in Midwest City, Okla., with audience Q&A – 12:45PM, San Francisco Federal Reserve Bank President John Williams gives outlook speech at the Santa Cruz Chamber of Commerce in Santa Cruz, Calif., with audience and media Q&A - 3:30PM, St. Louis Federal Reserve Bank President Bullard speaks about U.S. economy and monetary policy at Spring 2017 GWU Alumni Lecture in Economics at George Washington University in D.C., with audience and media Q&A - 6:30PM.<br />
<br /></div>
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 896px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="112"><b><u>Symbol</u></b></td>
<td align="center" valign="bottom" width="331"><b><u>Company Name</u></b></td>
<td align="center" valign="bottom" width="132"><b><u>Feb 24 Close</u></b></td>
<td align="center" valign="bottom" width="85"><b><u>IV30</u></b></td>
<td align="center" valign="bottom" width="86"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="144"><b><u>AVGOPTVOL</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="112">ALR</td>
<td valign="bottom" width="331">Alere Inc</td>
<td align="center" valign="bottom" width="132">$40.37</td>
<td align="center" valign="bottom" width="85">64.40</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">2697</td></tr>
<tr>
<td align="center" valign="bottom" width="112">DPZ</td>
<td valign="bottom" width="331">Domino's Pizza, Inc.</td>
<td align="center" valign="bottom" width="132">$186.30</td>
<td align="center" valign="bottom" width="85">34.62</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">1322</td></tr>
<tr>
<td align="center" valign="bottom" width="112">GLNG</td>
<td valign="bottom" width="331">Golar LNG Limited (USA)</td>
<td align="center" valign="bottom" width="132">$27.20</td>
<td align="center" valign="bottom" width="85">54.67</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">3694</td></tr>
<tr>
<td align="center" valign="bottom" width="112">IONS</td>
<td valign="bottom" width="331">Ionis Pharmaceuticals Inc</td>
<td align="center" valign="bottom" width="132">$44.35</td>
<td align="center" valign="bottom" width="85">67.63</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">1839</td></tr>
<tr>
<td align="center" valign="bottom" width="112">LNG</td>
<td valign="bottom" width="331">Cheniere Energy, Inc.</td>
<td align="center" valign="bottom" width="132">$47.35</td>
<td align="center" valign="bottom" width="85">34.07</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">9020</td></tr>
<tr>
<td align="center" valign="bottom" width="112">MDCO</td>
<td valign="bottom" width="331">The Medicines Company</td>
<td align="center" valign="bottom" width="132">$51.84</td>
<td align="center" valign="bottom" width="85">76.94</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">1453</td></tr>
<tr>
<td align="center" valign="bottom" width="112">NXST</td>
<td valign="bottom" width="331">Nexstar Media Group Inc</td>
<td align="center" valign="bottom" width="132">$69.50</td>
<td align="center" valign="bottom" width="85">35.00</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">889</td></tr>
<tr>
<td align="center" valign="bottom" width="112">PTLA</td>
<td valign="bottom" width="331">Portola Pharmaceuticals Inc</td>
<td align="center" valign="bottom" width="132">$32.16</td>
<td align="center" valign="bottom" width="85">70.13</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">916</td></tr>
<tr>
<td align="center" valign="bottom" width="112">ROST</td>
<td valign="bottom" width="331">Ross Stores, Inc.</td>
<td align="center" valign="bottom" width="132">$67.64</td>
<td align="center" valign="bottom" width="85">27.91</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">966</td></tr>
<tr>
<td align="center" valign="bottom" width="112">TASR</td>
<td valign="bottom" width="331">TASER International, Inc.</td>
<td align="center" valign="bottom" width="132">$25.47</td>
<td align="center" valign="bottom" width="85">47.03</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">1949</td></tr>
<tr>
<td align="center" valign="bottom" width="112">TGT</td>
<td valign="bottom" width="331">Target Corporation</td>
<td align="center" valign="bottom" width="132">$64.98</td>
<td align="center" valign="bottom" width="85">25.53</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">18152</td></tr>
<tr>
<td align="center" valign="bottom" width="112">TSRO</td>
<td valign="bottom" width="331">TESARO Inc</td>
<td align="center" valign="bottom" width="132">$185.94</td>
<td align="center" valign="bottom" width="85">62.60</td>
<td align="center" valign="bottom" width="86">BMO</td>
<td align="center" valign="bottom" width="144">2512</td></tr>
<tr>
<td align="center" valign="bottom" width="112">ACAD</td>
<td valign="bottom" width="331">ACADIA Pharmaceuticals Inc.</td>
<td align="center" valign="bottom" width="132">$39.56</td>
<td align="center" valign="bottom" width="85">65.98</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">5335</td></tr>
<tr>
<td align="center" valign="bottom" width="112">AMBA</td>
<td valign="bottom" width="331">Ambarella Inc</td>
<td align="center" valign="bottom" width="132">$57.03</td>
<td align="center" valign="bottom" width="85">45.56</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">5362</td></tr>
<tr>
<td align="center" valign="bottom" width="112">CBI</td>
<td valign="bottom" width="331">Chicago Bridge & Iron Company</td>
<td align="center" valign="bottom" width="132">$33.89</td>
<td align="center" valign="bottom" width="85">41.32</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">3728</td></tr>
<tr>
<td align="center" valign="bottom" width="112">CRM</td>
<td valign="bottom" width="331">salesforce.com, inc.</td>
<td align="center" valign="bottom" width="132">$82.07</td>
<td align="center" valign="bottom" width="85">31.72</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">25239</td></tr>
<tr>
<td align="center" valign="bottom" width="112">DXCM</td>
<td valign="bottom" width="331">DexCom, Inc.</td>
<td align="center" valign="bottom" width="132">$77.96</td>
<td align="center" valign="bottom" width="85">45.62</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">1172</td></tr>
<tr>
<td align="center" valign="bottom" width="112">PANW</td>
<td valign="bottom" width="331">Palo Alto Networks Inc</td>
<td align="center" valign="bottom" width="132">$152.74</td>
<td align="center" valign="bottom" width="85">41.60</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">7766</td></tr>
<tr>
<td align="center" valign="bottom" width="112">SRPT</td>
<td valign="bottom" width="331">Sarepta Therapeutics Inc</td>
<td align="center" valign="bottom" width="132">$30.15</td>
<td align="center" valign="bottom" width="85">81.60</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">6283</td></tr>
<tr>
<td align="center" valign="bottom" width="112">VEEV</td>
<td valign="bottom" width="331">Veeva Systems Inc</td>
<td align="center" valign="bottom" width="132">$43.58</td>
<td align="center" valign="bottom" width="85">40.11</td>
<td align="center" valign="bottom" width="86">AMC</td>
<td align="center" valign="bottom" width="144">1351</td></tr>
<tr>
<td align="center" valign="bottom" width="112">KITE</td>
<td valign="bottom" width="331">Kite Pharma Inc</td>
<td align="center" valign="bottom" width="132">$52.97</td>
<td align="center" valign="bottom" width="85">72.81</td>
<td align="center" valign="bottom" width="86"></td>
<td align="center" valign="bottom" width="144">1497</td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong></strong> <strong><u>Wednesday</u></strong><b><u> March 1:<strong></strong></u></b>
<br />
<strong></strong>
<br />
<div align="justify">
<br />
Economic: Motor Vehicle Sales, MBA Mortgage Applications – 7:00, Personal Income and Outlays – 8:30, Gallup US Job Creation Index – 6:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 10:00, Construction – 10:00, EIA Petroleum Status Report – 10:30. Beige Book – 2:00.</div>
<div align="justify">
</div>
<div align="justify">
<br />
International Economic: Germany Unemployment Rate – 3:55AM, Eurozone Manufacturing Index – 4:00AM, Germany CPI - 8:00AM.<br />
<br /></div>
<div align="justify">
</div>
<div align="justify">
Other: Dallas Federal Reserve Bank President Robert Kaplan discuss local and national issues with Paul Quinn College President Michael Sorrell in Dallas, Texas – 12:00PM.<br />
<br /></div>
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 899px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="125"><b><u>Symbol</u></b></td>
<td align="center" valign="bottom" width="319"><b><u>Company Name</u></b></td>
<td align="center" valign="bottom" width="147"><b><u>Feb 24 Close</u></b></td>
<td align="center" valign="bottom" width="77"><b><u>IV30</u></b></td>
<td align="center" valign="bottom" width="84"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="141"><b><u>AVGOPTVOL</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="125">BBY</td>
<td valign="bottom" width="319">Best Buy Co Inc</td>
<td align="center" valign="bottom" width="147">$44.31</td>
<td align="center" valign="bottom" width="77">48.03</td>
<td align="center" valign="bottom" width="84">BMO</td>
<td align="center" valign="bottom" width="141">12114</td></tr>
<tr>
<td align="center" valign="bottom" width="124">DLTR</td>
<td valign="bottom" width="319">Dollar Tree, Inc.</td>
<td align="center" valign="bottom" width="147">$77.57</td>
<td align="center" valign="bottom" width="77">44.73</td>
<td align="center" valign="bottom" width="84">BMO</td>
<td align="center" valign="bottom" width="141">7573</td></tr>
<tr>
<td align="center" valign="bottom" width="124">MYL</td>
<td valign="bottom" width="319">Mylan NV</td>
<td align="center" valign="bottom" width="147">$42.33</td>
<td align="center" valign="bottom" width="77">33.26</td>
<td align="center" valign="bottom" width="84">BMO</td>
<td align="center" valign="bottom" width="141">11743</td></tr>
<tr>
<td align="center" valign="bottom" width="124">PCRX</td>
<td valign="bottom" width="319">Pacira Pharmaceuticals Inc</td>
<td align="center" valign="bottom" width="147">$43.90</td>
<td align="center" valign="bottom" width="77">108.69</td>
<td align="center" valign="bottom" width="84">BMO</td>
<td align="center" valign="bottom" width="141">1091</td></tr>
<tr>
<td align="center" valign="bottom" width="123">AVGO</td>
<td valign="bottom" width="319">Broadcom Ltd</td>
<td align="center" valign="bottom" width="147">$210.58</td>
<td align="center" valign="bottom" width="77">29.52</td>
<td align="center" valign="bottom" width="84">AMC</td>
<td align="center" valign="bottom" width="141">9588</td></tr>
<tr>
<td align="center" valign="bottom" width="123">MNST</td>
<td valign="bottom" width="319">Monster Beverage Corp</td>
<td align="center" valign="bottom" width="147">$43.91</td>
<td align="center" valign="bottom" width="77">34.50</td>
<td align="center" valign="bottom" width="84">AMC</td>
<td align="center" valign="bottom" width="141">2474</td></tr>
<tr>
<td align="center" valign="bottom" width="123">SHAK</td>
<td valign="bottom" width="319">Shake Shack Inc</td>
<td align="center" valign="bottom" width="147">$36.61</td>
<td align="center" valign="bottom" width="77">41.64</td>
<td align="center" valign="bottom" width="84">AMC</td>
<td align="center" valign="bottom" width="141">1501</td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong></strong> <strong><u>Thursday </u></strong><b><u>March 2:</u></b>
<br />
<b><u><br /></u></b>
<b><u></u></b> Economic: Chain Store Sales, Weekly Jobless Claims – 8:30, Bloomberg Consumer Comfort Index – 9:45, PMI Services Flash – 9:45, EIA Natural Gas Report – 10:30, Money Supply – 4:30PM.<br />
<br />
International Economic: Eurozone Unemployment Rate - 5:00AM, Eurozone PPI – 5:00AM, Global Composite PMI - 11:00AM.<br />
<br />
Other: Federal Reserve Bank of Cleveland President Loretta Mester participates in a Power Talk event at Barnard College in New York, N.Y., with audience Q&A – 7:00PM<br />
<b><br /></b>
<b> Earnings:</b>
<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 899px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="117"><b><u>Symbol</u></b></td>
<td align="center" valign="bottom" width="313"><b><u>Company Name</u></b></td>
<td align="center" valign="bottom" width="138"><b><u>Feb 24 Close</u></b></td>
<td align="center" valign="bottom" width="81"><b><u>IV30</u></b></td>
<td align="center" valign="bottom" width="90"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="154"><b><u>AVGOPTVOL</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="117">BURL</td>
<td valign="bottom" width="312">Burlington Stores Inc</td>
<td align="center" valign="bottom" width="138">$85.39</td>
<td align="center" valign="bottom" width="81">38.82</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="155">1202</td></tr>
<tr>
<td align="center" valign="bottom" width="117">CNQ</td>
<td valign="bottom" width="312">Canadian Natural Resource Ltd</td>
<td align="center" valign="bottom" width="138">$29.40</td>
<td align="center" valign="bottom" width="81">31.48</td>
<td align="center" valign="bottom" width="90">BMO</td>
<td align="center" valign="bottom" width="156">3559</td></tr>
<tr>
<td align="center" valign="bottom" width="117">JD</td>
<td valign="bottom" width="312">JD.Com Inc(ADR)</td>
<td align="center" valign="bottom" width="138">$30.61</td>
<td align="center" valign="bottom" width="81">35.65</td>
<td align="center" valign="bottom" width="89">BMO</td>
<td align="center" valign="bottom" width="157">22659</td></tr>
<tr>
<td align="center" valign="bottom" width="117">KR</td>
<td valign="bottom" width="311">Kroger Co</td>
<td align="center" valign="bottom" width="138">$32.99</td>
<td align="center" valign="bottom" width="81">27.51</td>
<td align="center" valign="bottom" width="89">BMO</td>
<td align="center" valign="bottom" width="158">6572</td></tr>
<tr>
<td align="center" valign="bottom" width="117">ADSK</td>
<td valign="bottom" width="311">Autodesk, Inc.</td>
<td align="center" valign="bottom" width="138">$87.10</td>
<td align="center" valign="bottom" width="81">42.30</td>
<td align="center" valign="bottom" width="89">AMC</td>
<td align="center" valign="bottom" width="159">5291</td></tr>
<tr>
<td align="center" valign="bottom" width="117">NTNX</td>
<td valign="bottom" width="311">Nutanix Inc</td>
<td align="center" valign="bottom" width="139">$30.15</td>
<td align="center" valign="bottom" width="82">77.50</td>
<td align="center" valign="bottom" width="90">AMC</td>
<td align="center" valign="bottom" width="160">1812</td></tr>
</tbody></table>
<strong><u><br /></u></strong>
<strong></strong> <strong><u>Friday </u></strong><b><u>March 3:</u></b>
<br />
<b><u><br /></u></b>
<b><u></u></b>
<br />
<div align="justify">
Economic: PMI Service Index – 9:45, ISM Non-Manufacturing Index – 10:00, Baker-Hughes Rig Count – 1:00PM.<br />
<br /></div>
<div align="justify">
</div>
<div align="justify">
International Economic: Eurozone Retail Sales – 5:00AM, Global Composite PMI - 11:00AM.<br />
<br /></div>
<div align="justify">
Other: Vice Chairman Stanley Fischer of the Board of Governors of the Federal Reserve System gives keynote speech on this year's report on inflation expectations and dynamics at Chicago Booth's 2017 US Monetary Policy Forum in New York City, Chicago Federal Reserve Bank President Charles Evans and Richmond Federal Reserve Bank President Jeffrey Lacker discuss this year's report on inflation expectations and dynamics at Chicago Booth's 2017 US Monetary Policy Forum in New York City, with audience Q&A – 10:15AM, Federal Reserve Chair Janet Yellen speaks at the Executives' Club of Chicago – 1:00PM.<br />
<br /></div>
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 900px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="132"><b><u>Symbol</u></b></td>
<td align="center" valign="bottom" width="297"><b><u>Company Name</u></b></td>
<td align="center" valign="bottom" width="135"><b><u>Feb 24 Close</u></b></td>
<td align="center" valign="bottom" width="98"><b><u>IV30</u></b></td>
<td align="center" valign="bottom" width="84"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="148"><b><u>AVGOPTVOL</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="132">BIG</td>
<td valign="bottom" width="297">Big Lots, Inc.</td>
<td align="center" valign="bottom" width="135">$51.35</td>
<td align="center" valign="bottom" width="98">45.82</td>
<td align="center" valign="bottom" width="84">BMO</td>
<td align="center" valign="bottom" width="148">959</td></tr>
</tbody></table>
<b><u><br /></u></b>
<strong></strong> <b><u>Monday March 6:</u></b>
<br />
<b><u><br /></u></b>
<b><u></u></b> Economic: Gallup US spending Measure - 8:30, Factory Orders – 10:00, TD-Ameritrade IMX – 12:30PM, Durable Goods Orders – 8:30, Dallas Fed Manufacturing Survey – 10:30.<br />
<br />
International Economic: No major announcements.<br />
<br />
Orders: Minneapolis Federal Reserve Bank President Neel Kashkari speaks at NABE conference in panel titled "A View from the FRB Minneapolis," in Washington, D.C – 3:00PM.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 900px;" unselectable="on">
<tbody>
<tr>
<td align="center" valign="bottom" width="118"><b><u>Symbol</u></b></td>
<td align="center" valign="bottom" width="297"><b><u>Company Name</u></b></td>
<td align="center" valign="bottom" width="148"><b><u>Feb 24 Close</u></b></td>
<td align="center" valign="bottom" width="92"><b><u>IV30</u></b></td>
<td align="center" valign="bottom" width="83"><b><u>B/A</u></b></td>
<td align="center" valign="bottom" width="156"><b><u>AVGOPTVOL</u></b></td></tr>
<tr>
<td align="center" valign="bottom" width="118">CASY</td>
<td valign="bottom" width="296">Casey's General Stores Inc</td>
<td align="center" valign="bottom" width="147">$116.60</td>
<td align="center" valign="bottom" width="92">30.08</td>
<td align="center" valign="bottom" width="83">AMC</td>
<td align="center" valign="bottom" width="157">958</td></tr>
<tr>
<td align="center" valign="bottom" width="118">THO</td>
<td valign="bottom" width="296">Thor Industries, Inc.</td>
<td align="center" valign="bottom" width="148">$110.16</td>
<td align="center" valign="bottom" width="93">36.21</td>
<td align="center" valign="bottom" width="84">AMC</td>
<td align="center" valign="bottom" width="158">848</td></tr>
</tbody></table>
<strong></strong>
Frank Faheyhttp://www.blogger.com/profile/14990780957005052889noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-2825098494100551942017-02-21T08:00:00.000-06:002017-02-24T14:41:17.862-06:00Market News for the Prepared Mind: 2.20.17 - 2.27.2017<div align="center">
“Imagination decides everything.” - Blaise Pascal</div>
<div align="center">
<br /></div>
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur<br />
<br /></div>
<div align="center">
"By definition, risk-takers often fail. So do morons.</div>
<div align="center">
In practice, it's difficult to sort them out." - Scott Adams<br />
<br /></div>
The trend continues. It was another new week of closing highs. Decent earnings, no major PR explosions from the White House, and optimism about potential tax reform are fueling the rise. I have been fighting a bronchial malaise, so I will keep it short this week.<br />
Here is an overview of the US market behavior last week and for 2017:<br />
<table border="1" cellpadding="0" cellspacing="0" style="width: 992px;"> <tbody>
<tr> <td align="center" valign="bottom" width="307"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="141"><b><u>17-Feb</u></b></td> <td align="center" valign="bottom" width="115"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="122"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="123"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="182"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="307">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="141">20,624.05</td> <td align="center" valign="bottom" width="115">354.78</td> <td align="center" valign="bottom" width="122">1.75%</td> <td align="center" valign="bottom" width="123">4.36%</td> <td align="center" valign="bottom" width="182">11.33% (VXD)</td></tr>
<tr> <td valign="bottom" width="307">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="141">2,351.16</td> <td align="center" valign="bottom" width="115">37.91</td> <td align="center" valign="bottom" width="122">1.64%</td> <td align="center" valign="bottom" width="123">5.04%</td> <td align="center" valign="bottom" width="182">11.49% (VIX)</td></tr>
<tr> <td valign="bottom" width="307">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="141">5,324.72</td> <td align="center" valign="bottom" width="115">98.03</td> <td align="center" valign="bottom" width="122">1.88%</td> <td align="center" valign="bottom" width="123">9.48%</td> <td align="center" valign="bottom" width="182">NA (VXN)</td></tr>
<tr> <td valign="bottom" width="307">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="141">1,399.86</td> <td align="center" valign="bottom" width="115">11.02</td> <td align="center" valign="bottom" width="122">0.79%</td> <td align="center" valign="bottom" width="123">3.15%</td> <td align="center" valign="bottom" width="182">16.17% (RVX)</td></tr>
<tr> <td valign="bottom" width="307">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="141">1039.23</td> <td align="center" valign="bottom" width="115">18.54</td> <td align="center" valign="bottom" width="122">1.82%</td> <td align="center" valign="bottom" width="123">4.82%</td> <td align="center" valign="bottom" width="182">11.27% (VXO)</td></tr>
<tr> <td valign="bottom" width="307">Crude Oil (CLH7)</td> <td align="center" valign="bottom" width="141">53.40</td> <td align="center" valign="bottom" width="115">(0.45)</td> <td align="center" valign="bottom" width="122"><span style="color: red;">-0.84%</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-0.91%</span></td> <td align="center" valign="bottom" width="182">27.49%(OVX)</td></tr>
<tr> <td valign="bottom" width="307">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="141">11.49</td> <td align="center" valign="bottom" width="115">0.64</td> <td align="center" valign="bottom" width="122">5.90%</td> <td align="center" valign="bottom" width="123">NA</td> <td align="center" valign="bottom" width="182"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b> <br />
<b>Data Source: OptionVue8</b> <br />
The VIX up this week while the various month VIX futures moved down. There is an intraday push and pull between SPX at all-time highs and the VIX futures and other short-term volatility indicators. The difference between the VIX and the RVX (RUT volatility index) collapsed last week. The previous week the difference was as high as 7.50. The difference closed last week at 3.68.<br />
Starting February 13, the CBOE is not computing the VXN – the volatility index on the NDX or NASDAQ 100. The CBOE said it would start calculating the values at a future, as of yet, unannounced, date. No reasons were given.<br />
Here is an overview of last week for the VIX and related products:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 988px;"> <tbody>
<tr> <td align="center" valign="bottom" width="430"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="107"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="96"><b><u>17-Feb</u></b></td> <td align="center" valign="bottom" width="112"><b><u>10-Feb</u></b></td> <td align="center" valign="bottom" width="114"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="123"><b><u>% Change</u></b></td></tr>
<tr> <td valign="bottom" width="430">CBOE Volatility Index</td> <td align="center" valign="bottom" width="107">VIX</td> <td align="center" valign="bottom" width="96">11.49</td> <td align="center" valign="bottom" width="112">10.85</td> <td align="center" valign="bottom" width="114">0.64</td> <td align="center" valign="bottom" width="123">5.90%</td></tr>
<tr> <td valign="bottom" width="430">VIX March Future (3/22/2017)</td> <td align="center" valign="bottom" width="107">VXH7</td> <td align="center" valign="bottom" width="96">13.125</td> <td align="center" valign="bottom" width="112">13.375</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.25)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-1.87%</span></td></tr>
<tr> <td valign="bottom" width="430">VIX April Future (4/19/2017)</td> <td align="center" valign="bottom" width="107">VXJ7</td> <td align="center" valign="bottom" width="96">14.350</td> <td align="center" valign="bottom" width="112">15.125</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.78)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-5.12%</span></td></tr>
<tr> <td valign="bottom" width="430">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="107">VXK7</td> <td align="center" valign="bottom" width="96">15.150</td> <td align="center" valign="bottom" width="112">16.025</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.87)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-5.46%</span></td></tr>
<tr> <td valign="bottom" width="430">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="107">VXST</td> <td align="center" valign="bottom" width="96">9.03</td> <td align="center" valign="bottom" width="112">9.02</td> <td align="center" valign="bottom" width="114">0.01</td> <td align="center" valign="bottom" width="123">0.11%</td></tr>
<tr> <td valign="bottom" width="430">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="107">VXV</td> <td align="center" valign="bottom" width="96">13.72</td> <td align="center" valign="bottom" width="112">13.91</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.19)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-1.37%</span></td></tr>
<tr> <td valign="bottom" width="430">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="107">VXMT</td> <td align="center" valign="bottom" width="96">15.79</td> <td align="center" valign="bottom" width="112">16.17</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.38)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-2.35%</span></td></tr>
<tr> <td valign="bottom" width="430">VIX of VIX</td> <td align="center" valign="bottom" width="107">VVIX</td> <td align="center" valign="bottom" width="96">81.25</td> <td align="center" valign="bottom" width="112">85.77</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(4.52)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-5.27%</span></td></tr>
<tr> <td valign="bottom" width="430">CBOE SKEW Index</td> <td align="center" valign="bottom" width="107">SKEW</td> <td align="center" valign="bottom" width="96">141.13</td> <td align="center" valign="bottom" width="112">130.47</td> <td align="center" valign="bottom" width="114">10.66</td> <td align="center" valign="bottom" width="123">8.17%</td></tr>
<tr> <td valign="bottom" width="430"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="107"></td> <td align="center" valign="bottom" width="96"></td> <td align="center" valign="bottom" width="112"></td> <td align="center" valign="bottom" width="114"></td> <td align="center" valign="bottom" width="123"></td></tr>
<tr> <td valign="bottom" width="430">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="107">UVXY</td> <td align="center" valign="bottom" width="96">20.25</td> <td align="center" valign="bottom" width="112">21.91</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(1.66)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-7.58%</span></td></tr>
<tr> <td valign="bottom" width="430">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="107">VXX</td> <td align="center" valign="bottom" width="96">17.54</td> <td align="center" valign="bottom" width="112">18.21</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.67)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-3.68%</span></td></tr>
<tr> <td valign="bottom" width="430">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="107">VIXY</td> <td align="center" valign="bottom" width="96">14.65</td> <td align="center" valign="bottom" width="112">15.16</td> <td align="center" valign="bottom" width="114"><span style="color: red;">(0.51)</span></td> <td align="center" valign="bottom" width="123"><span style="color: red;">-3.36%</span></td></tr>
<tr> <td valign="bottom" width="430">iPath S&P 500 VIX Mid-Tem Futures ETN</td> <td align="center" valign="bottom" width="107">VXZ</td> <td align="center" valign="bottom" width="96">28.49</td> <td align="center" valign="bottom" width="112">30.06</td> <td align="center" valign="bottom" width="114">(1.57)</td> <td align="center" valign="bottom" width="123">-5.22%</td></tr>
<tr> <td valign="bottom" width="430"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="107"></td> <td align="center" valign="bottom" width="96"></td> <td align="center" valign="bottom" width="112"></td> <td align="center" valign="bottom" width="114"></td> <td align="center" valign="bottom" width="123"></td></tr>
<tr> <td valign="bottom" width="430">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="107">SVXY</td> <td align="center" valign="bottom" width="96">129.05</td> <td align="center" valign="bottom" width="112">125.40</td> <td align="center" valign="bottom" width="114">3.65</td> <td align="center" valign="bottom" width="123">2.91%</td></tr>
<tr> <td valign="bottom" width="430">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="107">XIV</td> <td align="center" valign="bottom" width="96">66.54</td> <td align="center" valign="bottom" width="112">64.64</td> <td align="center" valign="bottom" width="114">1.90</td> <td align="center" valign="bottom" width="123">2.94%</td></tr>
</tbody></table>
<br />
<b>Data Source: OptionVue8</b> <br />
<b></b> <br />
The week of February 20 will be a shortened trading week due to President’s Day. Reports will be relased on existing and new home sales, along with the minutes of the Fed’s January meeting. The week winds up with the final consumer sentiment score for February, one that dipped back noticeably in early February.<br />
The earnings season is starting to wind down. Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprises which may occur in any trading campaign. <b>Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. </b>The most accurate source of this information is the company’s investor relations website. The earnings highlights this week, for widely held and actively traded stocks, are Tesla, Fitbit, Jack in the Box, HP, Cheesecake Factory, Trans Ocean, Public Storage, Popeyes, Toll Brothers. Ctrip, Hormel Foods, Baidu, Monster Beverage, Nordstrom, Foot Locker, and Priceline.<br />
I have added a scan of stocks with earnings announcements to the calendar for each day in the coming week. The scan criteria are: Closing price> $20, Implied Volatility > 25, Average daily option volume > 800 contracts. Liquidity, as determined by width of option markets and individual option contract volume, is a crucial component in successfully trading any option strategy. One of the most frustrating experiences is an inability to adjust or exit a strategy due to lack of liquidity in the market. The market uncertainty associated with the election has impacted liquidity. I found it difficult to enter earning trades last week. The bid/ask spreads seemed much larger than usual. Do not force trades in illiquid markets. <b>Data Sources for earnings: Livevol Core and OptionVue8</b> <br />
Advice to stimulate your imagination:<br />
<br />
<div align="center">
"By definition, risk-takers often fail. So do morons.</div>
<div align="center">
In practice it's difficult to sort them out." - Scott Adams<br />
<br /></div>
<div align="center">
“In theory there is no difference between theory and practice.In practice there is.” - Yogi Berra<br />
<br /></div>
<div align="center">
<table border="0" cellpadding="0"> <tbody>
<tr> <td valign="top"><div style="text-align: center;">
"To make a mistake is only human; to persist in a mistake is idiotic." - Cicero<br />
<br /></div>
<div style="text-align: center;">
“To learn patience is not to rebel against every hardship.” - Henri Nouwen</div>
</td></tr>
</tbody></table>
</div>
<strong></strong> <br />
<b><u>Monday February 20:</u></b> <br />
<strong></strong> <br />
<strong>US Markets Closed: Holiday – Presidents Day</strong> <br />
International Economic: Germany PPI – 2:00AM, Great Britain Industrial Trends Survey- 6:00AM, Japan Consumer Confidence Flash – 7:30PM.<br />
<br />
<u><b>Tuesday February 21:</b></u> <br />
<strong></strong> <br />
Economic: PMI Manufacturing Index Flash – 9:45.<br />
International Economic: China Merchandise Trade – 2:00AM, France CPI – 2:45AM, Germany PMI Composite Flash – 4:00AM, Eurozone PMI Composite Flash,<br />
<br />
Other: Minneapolis Federal Reserve Bank President Neel Kashkari participates in a fireside chat on the economy and the role of the Federal Reserve hosted by the Financial Planning Association of Minnesota in Golden Valley, Minn., with audience Q&A – 8:50AM, Philadelphia Federal Reserve Bank President Patrick Harker speaks on the economic outlook at the University of Pennsylvania in Philadelphia, with audience and media Q&A – 12:00PM, San Francisco Federal Reserve Bank President John Williams speaks to students of Boise State University on "Getting to Know the Fed," in Boise, Id. with audience Q&A – 3:30PM.<br />
<strong></strong> <br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 894px;"> <tbody>
<tr> <td align="center" valign="bottom" width="120"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="284"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="155"><b><u>Feb 17 Close</u></b></td> <td align="center" valign="bottom" width="83"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="86"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="160"><b><u>AVGOPTVOL</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="120">BHP</td> <td valign="bottom" width="284">BHP Billiton Limited</td> <td align="center" valign="bottom" width="155">$40.99</td> <td align="center" valign="bottom" width="83">30.30</td> <td align="center" valign="bottom" width="86">BMO</td> <td align="center" valign="bottom" width="160">4211</td></tr>
<tr> <td align="center" valign="bottom" width="120">HAIN</td> <td valign="bottom" width="284">Hain Celestial Group Inc</td> <td align="center" valign="bottom" width="155">$34.46</td> <td align="center" valign="bottom" width="83">35.75</td> <td align="center" valign="bottom" width="86">AMC</td> <td align="center" valign="bottom" width="160">4064</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Wednesday</u></strong><b><u> February 22:<strong></strong></u></b> <br />
<strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, Redbook – 8:55, Existing Home Sales – 10:00., Industrial Production – 9:15, Atlanta Fed Business Inflation Expectations = 10:00, Housing Market Index – 10:00, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Great Britain GDP – 4:30AM, Eurozone HICP – 5:00AM.<br />
<br />
Other: FOMC minutes - 2:00.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 894px;"> <tbody>
<tr> <td align="center" valign="bottom" width="116"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="295"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="146"><b><u>Feb 17 Close</u></b></td> <td align="center" valign="bottom" width="104"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="82"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="145"><b><u>AVGOPTVOL</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="117">BHP</td> <td valign="bottom" width="295">BHP Billiton Limited (ADR)</td> <td align="center" valign="bottom" width="146">$40.99</td> <td align="center" valign="bottom" width="104">30.30</td> <td align="center" valign="bottom" width="82">BMO</td> <td align="center" valign="bottom" width="145">4211</td></tr>
<tr> <td align="center" valign="bottom" width="117">HAIN</td> <td valign="bottom" width="295">Hain Celestial Group Inc</td> <td align="center" valign="bottom" width="146">$34.46</td> <td align="center" valign="bottom" width="104">35.75</td> <td align="center" valign="bottom" width="82">AMC</td> <td align="center" valign="bottom" width="145">4064</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Thursday </u></strong><b><u>February 23:</u></b> <br />
<b><u></u></b> <br />
Economic: Weekly Jobless Claims – 8:30, Chicago Fed National Activity Index – 8:30, FHFA House Price Index – 9:00, Bloomberg Consumer Comfort Index – 9:45, PMI Services Flash – 9:45, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00, EIA Petroleum Status Report – 11:00, Money Supply – 4:30PM.<br />
International Economic: Germany GDP 2:00AM, Great Britain CBI Distributive Trades – 6:00AM.<br />
Other: Atlanta Federal Reserve Bank President Dennis Lockhart speaks on the past 10 years at the Atlanta Federal Reserve in Atlanta, GA – 8:35AM.<br />
<strong></strong> <br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 897px;"> <tbody>
<tr> <td align="center" valign="bottom" width="114"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="310"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="148"><b><u>Feb 17 Close</u></b></td> <td align="center" valign="bottom" width="98"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="73"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="148"><b><u>AVGOPTVOL</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="114">CLR</td> <td valign="bottom" width="308">Continental Resources, Inc.</td> <td align="center" valign="bottom" width="148">$46.01</td> <td align="center" valign="bottom" width="98">37.67</td> <td align="center" valign="bottom" width="74">BMO</td> <td align="center" valign="bottom" width="150">4162</td></tr>
<tr> <td align="center" valign="bottom" width="114">CLVS</td> <td valign="bottom" width="307">Clovis Oncology Inc</td> <td align="center" valign="bottom" width="147">$61.37</td> <td align="center" valign="bottom" width="98">71.23</td> <td align="center" valign="bottom" width="75">BMO</td> <td align="center" valign="bottom" width="152">2927</td></tr>
<tr> <td align="center" valign="bottom" width="114">DISH</td> <td valign="bottom" width="305">DISH Network Corp</td> <td align="center" valign="bottom" width="147">$62.72</td> <td align="center" valign="bottom" width="97">36.49</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="153">4082</td></tr>
<tr> <td align="center" valign="bottom" width="113">ETP</td> <td valign="bottom" width="304">Energy Transfer Partners LP</td> <td align="center" valign="bottom" width="146">$38.38</td> <td align="center" valign="bottom" width="97">31.48</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="154">5623</td></tr>
<tr> <td align="center" valign="bottom" width="113">GRMN</td> <td valign="bottom" width="304">Garmin Ltd.</td> <td align="center" valign="bottom" width="146">$50.95</td> <td align="center" valign="bottom" width="97">32.25</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="155">1234</td></tr>
<tr> <td align="center" valign="bottom" width="113">HFC</td> <td valign="bottom" width="304">HollyFrontier Corp</td> <td align="center" valign="bottom" width="146">$30.00</td> <td align="center" valign="bottom" width="97">36.21</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="156">2206</td></tr>
<tr> <td align="center" valign="bottom" width="113">MBLY</td> <td valign="bottom" width="303">Mobileye NV</td> <td align="center" valign="bottom" width="146">$44.97</td> <td align="center" valign="bottom" width="97">43.63</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="157">11285</td></tr>
<tr> <td align="center" valign="bottom" width="113">MDCO</td> <td valign="bottom" width="303">The Medicines Company</td> <td align="center" valign="bottom" width="146">$52.80</td> <td align="center" valign="bottom" width="97">76.55</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="158">1504</td></tr>
<tr> <td align="center" valign="bottom" width="113">SBGI</td> <td valign="bottom" width="302">Sinclair Broadcast Group Inc</td> <td align="center" valign="bottom" width="145">$36.30</td> <td align="center" valign="bottom" width="97">34.05</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="159">1005</td></tr>
<tr> <td align="center" valign="bottom" width="113">SLCA</td> <td valign="bottom" width="302">U.S. Silica Holdings Inc</td> <td align="center" valign="bottom" width="145">$57.36</td> <td align="center" valign="bottom" width="96">48.47</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="160">1758</td></tr>
<tr> <td align="center" valign="bottom" width="113">SXL</td> <td valign="bottom" width="301">Sunoco Logistics Partners L.P.</td> <td align="center" valign="bottom" width="145">$25.81</td> <td align="center" valign="bottom" width="96">30.48</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="161">1864</td></tr>
<tr> <td align="center" valign="bottom" width="112">TOL</td> <td valign="bottom" width="301">Toll Brothers Inc</td> <td align="center" valign="bottom" width="145">$31.43</td> <td align="center" valign="bottom" width="96">28.49</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="161">3168</td></tr>
<tr> <td align="center" valign="bottom" width="112">WB</td> <td valign="bottom" width="301">Weibo Corp (ADR)</td> <td align="center" valign="bottom" width="145">$55.26</td> <td align="center" valign="bottom" width="96">51.04</td> <td align="center" valign="bottom" width="76">BMO</td> <td align="center" valign="bottom" width="161">2422</td></tr>
<tr> <td align="center" valign="bottom" width="112">BLUE</td> <td valign="bottom" width="301">bluebird bio Inc</td> <td align="center" valign="bottom" width="145">$76.55</td> <td align="center" valign="bottom" width="96">63.39</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">1120</td></tr>
<tr> <td align="center" valign="bottom" width="112">CTRP</td> <td valign="bottom" width="301">Ctrip.Com International Ltd</td> <td align="center" valign="bottom" width="145">$45.51</td> <td align="center" valign="bottom" width="96">34.94</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">6431</td></tr>
<tr> <td align="center" valign="bottom" width="112">JACK</td> <td valign="bottom" width="301">Jack in the Box Inc.</td> <td align="center" valign="bottom" width="145">$109.30</td> <td align="center" valign="bottom" width="96">35.94</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">834</td></tr>
<tr> <td align="center" valign="bottom" width="112">LB</td> <td valign="bottom" width="301">L Brands Inc</td> <td align="center" valign="bottom" width="145">$57.48</td> <td align="center" valign="bottom" width="96">29.80</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">3446</td></tr>
<tr> <td align="center" valign="bottom" width="112">MTDR</td> <td valign="bottom" width="301">Matador Resources Co</td> <td align="center" valign="bottom" width="145">$26.86</td> <td align="center" valign="bottom" width="96">45.28</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">1749</td></tr>
<tr> <td align="center" valign="bottom" width="112">RH</td> <td valign="bottom" width="301">RH</td> <td align="center" valign="bottom" width="145">$27.18</td> <td align="center" valign="bottom" width="96">60.99</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">7408</td></tr>
<tr> <td align="center" valign="bottom" width="112">RRC</td> <td valign="bottom" width="301">Range Resources Corp.</td> <td align="center" valign="bottom" width="145">$31.24</td> <td align="center" valign="bottom" width="96">42.61</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">5549</td></tr>
<tr> <td align="center" valign="bottom" width="112">SINA</td> <td valign="bottom" width="301">SINA Corp</td> <td align="center" valign="bottom" width="145">$76.38</td> <td align="center" valign="bottom" width="96">46.03</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">1099</td></tr>
<tr> <td align="center" valign="bottom" width="112">SM</td> <td valign="bottom" width="301">SM Energy Co</td> <td align="center" valign="bottom" width="145">$27.11</td> <td align="center" valign="bottom" width="96">57.20</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">1669</td></tr>
<tr> <td align="center" valign="bottom" width="112">SUN</td> <td valign="bottom" width="301">Sunoco LP</td> <td align="center" valign="bottom" width="145">$28.51</td> <td align="center" valign="bottom" width="96">41.24</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="161">3082</td></tr>
<tr> <td align="center" valign="bottom" width="112">TSLA</td> <td valign="bottom" width="301">Tesla Inc</td> <td align="center" valign="bottom" width="146">$268.95</td> <td align="center" valign="bottom" width="97">42.38</td> <td align="center" valign="bottom" width="76">AMC</td> <td align="center" valign="bottom" width="162">91894</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Friday </u></strong><b><u>February 24:</u></b> <br />
<b><u></u></b> <br />
Economic: New Home Sales – 10:00, Consumer Sentiment – 10:00, Baker-Hughes Rig count – 1:00PM.<br />
<br />
International Economic: No major announcements<br />
<strong></strong> <br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 895px;"> <tbody>
<tr> <td align="center" valign="bottom" width="112"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="316"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="139"><b><u>Feb 17 Close</u></b></td> <td align="center" valign="bottom" width="100"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="70"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="152"><b><u>AVGOPTVOL</u></b></td></tr>
<tr> <td align="center" valign="bottom" width="112">APA</td> <td valign="bottom" width="316">Apache Corporation</td> <td align="center" valign="bottom" width="139">$55.25</td> <td align="center" valign="bottom" width="100">27.74</td> <td align="center" valign="bottom" width="70">BMO</td> <td align="center" valign="bottom" width="152">9813</td></tr>
<tr> <td align="center" valign="bottom" width="112">CRZO</td> <td valign="bottom" width="316">Carrizo Oil & Gas Inc</td> <td align="center" valign="bottom" width="139">$33.37</td> <td align="center" valign="bottom" width="100">40.34</td> <td align="center" valign="bottom" width="70">BMO</td> <td align="center" valign="bottom" width="152">892</td></tr>
<tr> <td align="center" valign="bottom" width="112">HRL</td> <td valign="bottom" width="316">Hormel Foods Corp</td> <td align="center" valign="bottom" width="139">$37.24</td> <td align="center" valign="bottom" width="100">27.43</td> <td align="center" valign="bottom" width="70">BMO</td> <td align="center" valign="bottom" width="152">997</td></tr>
<tr> <td align="center" valign="bottom" width="112">KSS</td> <td valign="bottom" width="316">Kohl's Corporation</td> <td align="center" valign="bottom" width="139">$41.53</td> <td align="center" valign="bottom" width="100">46.96</td> <td align="center" valign="bottom" width="70">BMO</td> <td align="center" valign="bottom" width="152">4982</td></tr>
<tr> <td align="center" valign="bottom" width="112">PTLA</td> <td valign="bottom" width="316">Portola Pharmaceuticals Inc</td> <td align="center" valign="bottom" width="139">$30.27</td> <td align="center" valign="bottom" width="100">63.84</td> <td align="center" valign="bottom" width="70">BMO</td> <td align="center" valign="bottom" width="152">815</td></tr>
<tr> <td align="center" valign="bottom" width="112">WUBA</td> <td valign="bottom" width="316">58.com Inc (ADR)</td> <td align="center" valign="bottom" width="139">$33.70</td> <td align="center" valign="bottom" width="100">52.41</td> <td align="center" valign="bottom" width="70">BMO</td> <td align="center" valign="bottom" width="152">3973</td></tr>
<tr> <td align="center" valign="bottom" width="112">ACIA</td> <td valign="bottom" width="316">Acacia Communications, Inc.</td> <td align="center" valign="bottom" width="139">$64.19</td> <td align="center" valign="bottom" width="100">72.17</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">3165</td></tr>
<tr> <td align="center" valign="bottom" width="112">BIDU</td> <td valign="bottom" width="316">Baidu Inc (ADR)</td> <td align="center" valign="bottom" width="139">$184.94</td> <td align="center" valign="bottom" width="100">30.50</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">14476</td></tr>
<tr> <td align="center" valign="bottom" width="112">BMRN</td> <td valign="bottom" width="316">BioMarin Pharmaceutical Inc.</td> <td align="center" valign="bottom" width="139">$90.53</td> <td align="center" valign="bottom" width="100">35.40</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">916</td></tr>
<tr> <td align="center" valign="bottom" width="112">CBI</td> <td valign="bottom" width="316">Chicago Bridge & Iron Company</td> <td align="center" valign="bottom" width="139">$35.77</td> <td align="center" valign="bottom" width="100">39.97</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">3511</td></tr>
<tr> <td align="center" valign="bottom" width="112">HLF</td> <td valign="bottom" width="316">Herbalife Ltd.</td> <td align="center" valign="bottom" width="139">$61.06</td> <td align="center" valign="bottom" width="100">44.82</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">10874</td></tr>
<tr> <td align="center" valign="bottom" width="112">ICPT</td> <td valign="bottom" width="316">Intercept Pharmaceuticals Inc</td> <td align="center" valign="bottom" width="139">$129.85</td> <td align="center" valign="bottom" width="100">57.64</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">1059</td></tr>
<tr> <td align="center" valign="bottom" width="112">IDCC</td> <td valign="bottom" width="316">InterDigital, Inc.</td> <td align="center" valign="bottom" width="139">$99.95</td> <td align="center" valign="bottom" width="100">39.83</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">965</td></tr>
<tr> <td align="center" valign="bottom" width="112">JWN</td> <td valign="bottom" width="316">Nordstrom, Inc.</td> <td align="center" valign="bottom" width="139">$44.18</td> <td align="center" valign="bottom" width="100">52.00</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">7240</td></tr>
<tr> <td align="center" valign="bottom" width="112">MNST</td> <td valign="bottom" width="316">Monster Beverage Corp</td> <td align="center" valign="bottom" width="139">$43.45</td> <td align="center" valign="bottom" width="100">33.22</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">2598</td></tr>
<tr> <td align="center" valign="bottom" width="112">OLED</td> <td valign="bottom" width="316">Universal Display Corporation</td> <td align="center" valign="bottom" width="139">$71.30</td> <td align="center" valign="bottom" width="100">58.10</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">1027</td></tr>
<tr> <td align="center" valign="bottom" width="112">PE</td> <td valign="bottom" width="316">Parsley Energy Inc</td> <td align="center" valign="bottom" width="139">$31.86</td> <td align="center" valign="bottom" width="100">38.03</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">886</td></tr>
<tr> <td align="center" valign="bottom" width="112">SEMG</td> <td valign="bottom" width="316">SemGroup Corp</td> <td align="center" valign="bottom" width="139">$39.90</td> <td align="center" valign="bottom" width="100">37.75</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">1410</td></tr>
<tr> <td align="center" valign="bottom" width="112">SPLK</td> <td valign="bottom" width="316">Splunk Inc</td> <td align="center" valign="bottom" width="139">$62.86</td> <td align="center" valign="bottom" width="100">43.26</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">3003</td></tr>
<tr> <td align="center" valign="bottom" width="112">W</td> <td valign="bottom" width="316">Wayfair Inc</td> <td align="center" valign="bottom" width="139">$40.17</td> <td align="center" valign="bottom" width="100">64.16</td> <td align="center" valign="bottom" width="70">AMC</td> <td align="center" valign="bottom" width="152">1266</td></tr>
<tr> <td align="center" valign="bottom" width="112">SAGE</td> <td valign="bottom" width="316">SAGE Therapeutics Inc</td> <td align="center" valign="bottom" width="139">$62.75</td> <td align="center" valign="bottom" width="100">94.51</td> <td align="center" valign="bottom" width="70"></td> <td align="center" valign="bottom" width="152">915</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<b><u>Monday February 27:</u></b> <br />
<strong></strong> <br />
Economic: Durable Goods Orders – 8:30, Dallas Fed Manufacturing Survey – 10:30<br />
<br />
International Economic: Japan Industrial Production and Retail Trade – 6:50PM.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 897px;"> <tbody>
<tr> <td valign="bottom" width="132"><b><u>Symbol</u></b></td> <td valign="bottom" width="203"><b><u>Company Name</u></b></td> <td valign="bottom" width="139"><b><u>Feb 17 Close</u></b></td> <td valign="bottom" width="116"><b><u>IV30</u></b></td> <td valign="bottom" width="115"><b><u>B/A</u></b></td> <td valign="bottom" width="186"><b><u>AVGOPTVOL</u></b></td></tr>
<tr> <td valign="bottom" width="132">FL</td> <td valign="bottom" width="203">Foot Locker, Inc.</td> <td valign="bottom" width="139">$70.50</td> <td valign="bottom" width="116">31.99</td> <td valign="bottom" width="115">AMC</td> <td valign="bottom" width="187">2143</td></tr>
</tbody></table>
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0tag:blogger.com,1999:blog-6721134532013211614.post-84791366193970567912017-02-12T18:46:00.006-06:002017-02-13T06:31:08.402-06:00Market News for the Prepared Mind: 2.13 - 2.21.2017<br />
<div align="center">
“I love to talk about nothing. It's the only thing I know anything about.” - Oscar Wilde<br />
<br /></div>
<div align="center">
“Imagination decides everything.” - Blaise Pascal<br />
<br /></div>
<div align="center">
“The two most powerful warriors are patience and time.” - Leo Tolstoy<br />
<br /></div>
<div align="center">
"Chance favors the Prepared Mind." - Louis Pasteur</div>
<div align="center">
<br /></div>
<div align="justify">
As of Friday's close, the S&P 500 had gone for 39 consecutive trading sessions without an intraday move greater than 1%. This is the longest streak in history. The past few trading weeks summed up by the world’s oldest rock star, Tuli Kupferberg. in the Fug’s classic “Nothing.”<br />
<br /></div>
<div align="center">
Monday, nothing<br />
Tuesday, nothing<br />
Wednesday and Thursday nothing<br />
Friday, for a change<br />
a little more nothing<br />
Saturday once more nothing<br />
Sunday nothing<br />
Monday nothing<br />
Tuesday and Wednesday nothing<br />
Thursday, for a change<br />
a little more nothing<br />
Friday once more nothing.<br />
<br /></div>
<div align="justify">
The march of time may inexorable, but the market will not remain range bound. Patience is required by a trader waiting for something to occur in the markets. My first responsibility goal, as a trader, is to make sure I am not financially hurt by the next move in the market. Short term risk is the foundation for my position risk exposure. Success is not imperative on one’s ability to buy a bottom or sell a top.<br />
<br /></div>
Here is an overview of the US market behavior last week and for 2017:<b></b><br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 993px;"> <tbody>
<tr> <td align="center" valign="bottom" width="275"><b><u>Index</u></b></td> <td align="center" valign="bottom" width="104"><b><u>10-Feb</u></b></td> <td align="center" valign="bottom" width="104"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="145"><b><u>% Weekly</u></b></td> <td align="center" valign="bottom" width="151"><b><u>2016 YTD</u></b></td> <td align="center" valign="bottom" width="208"><b><u>Volatility of Index</u></b></td></tr>
<tr> <td valign="bottom" width="274">Dow Jones Industrials (DJIA)</td> <td align="center" valign="bottom" width="106">20,269.27</td> <td align="center" valign="bottom" width="105">197.81</td> <td align="center" valign="bottom" width="144">0.99%</td> <td align="center" valign="bottom" width="151">2.56%</td> <td align="center" valign="bottom" width="208">10.98% (VXD)</td></tr>
<tr> <td valign="bottom" width="273">S&P 500 (SPX)</td> <td align="center" valign="bottom" width="107">2,313.25</td> <td align="center" valign="bottom" width="106">15.83</td> <td align="center" valign="bottom" width="144">0.69%</td> <td align="center" valign="bottom" width="150">3.35%</td> <td align="center" valign="bottom" width="207">10.85% (VIX)</td></tr>
<tr> <td valign="bottom" width="272">NASDAQ 100 (NDX)</td> <td align="center" valign="bottom" width="108">5,226.69</td> <td align="center" valign="bottom" width="107">65.09</td> <td align="center" valign="bottom" width="144">1.26%</td> <td align="center" valign="bottom" width="150">7.47%</td> <td align="center" valign="bottom" width="207">12.31% (VXN)</td></tr>
<tr> <td valign="bottom" width="271">Russell 2000 (RUT)</td> <td align="center" valign="bottom" width="109">1,388.84</td> <td align="center" valign="bottom" width="108">11.00</td> <td align="center" valign="bottom" width="144">0.80%</td> <td align="center" valign="bottom" width="150">2.34%</td> <td align="center" valign="bottom" width="206">17.91% (RVX)</td></tr>
<tr> <td valign="bottom" width="271">S&P 100 (OEX)</td> <td align="center" valign="bottom" width="110">1020.69</td> <td align="center" valign="bottom" width="109">7.00</td> <td align="center" valign="bottom" width="143">0.69%</td> <td align="center" valign="bottom" width="149">2.95%</td> <td align="center" valign="bottom" width="206">10.41% (VXO)</td></tr>
<tr> <td valign="bottom" width="270">Crude Oil (CLH7)</td> <td align="center" valign="bottom" width="111">53.85</td> <td align="center" valign="bottom" width="109">0.00</td> <td align="center" valign="bottom" width="143">0.00%</td> <td align="center" valign="bottom" width="149"><span style="color: red;">-0.07%</span></td> <td align="center" valign="bottom" width="206">26.43%(OVX)</td></tr>
<tr> <td valign="bottom" width="270">CBOE Volatility Index (VIX)</td> <td align="center" valign="bottom" width="112">10.85</td> <td align="center" valign="bottom" width="109">(0.12)</td> <td align="center" valign="bottom" width="143"><span style="color: red;">-1.09%</span></td> <td align="center" valign="bottom" width="149">NA</td> <td align="center" valign="bottom" width="206"></td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLbHaZru3nSsIec2PF6oc_la_i9DlOz6CINJ6UzoAd-rBAWd8X503VmNHEKmPzRX8vNuyMbJwwLV-TaZi3SwjNdilXJLoL8LtoEhLTDGmIxBCFwGUOQbejsKEwURrVXFQXJ1T2N-PjKxbr/s1600/AH_Checker_432x438.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLbHaZru3nSsIec2PF6oc_la_i9DlOz6CINJ6UzoAd-rBAWd8X503VmNHEKmPzRX8vNuyMbJwwLV-TaZi3SwjNdilXJLoL8LtoEhLTDGmIxBCFwGUOQbejsKEwURrVXFQXJ1T2N-PjKxbr/s200/AH_Checker_432x438.png" width="196" /></a>The VIX is, also, part of the nothing movement in the markets. The price of the VIX reflects a market which has been extraordinarily quiet. The VIX and associated products have shown minimally lower volatility levels as the SPX moved up this week. The VIX has closed under 12 for 16 days. The VIX is at a significant support level. The major topic of conversation among traders is the question Chubby Checker asked in Limbo Rock; “How low can you go?” I have seen at-the- money index implied volatility with an “8” handle and as high as the 170’s. It should be noted that I saw both of these levels in the same year – 1987.</div>
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Trading activity in the VIX options pit has been divided between trades providing portfolio insurance and speculative risk reversals. The risk reversals have seen the purchase of call verticals which are financed through the sale of out-of-the-money puts. CBOE TV airs several daily reports from the VIX pit. These reports are valuable in getting a flavor of the daily VIX trade – options and futures.</div>
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Here is an overview of last week for the VIX and related products:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 990px;"> <tbody>
<tr> <td align="center" valign="bottom" width="476"><b><u>Indexes</u></b></td> <td align="center" valign="bottom" width="78"><b><u>Ticker</u></b></td> <td align="center" valign="bottom" width="110"><b><u>10-Feb</u></b></td> <td align="center" valign="bottom" width="92"><b><u>3-Feb</u></b></td> <td align="center" valign="bottom" width="101"><b><u>Change </u></b></td> <td align="center" valign="bottom" width="127"><b><u>% Change</u></b></td></tr>
<tr> <td width="476">CBOE Volatility Index</td> <td align="center" valign="bottom" width="78">VIX</td> <td align="center" valign="bottom" width="110">10.85</td> <td align="center" valign="bottom" width="92">10.97</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.12)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-1.09%</span></td></tr>
<tr> <td width="476">VIX February Future (2/15/2017)</td> <td align="center" valign="bottom" width="78">VXG7</td> <td align="center" valign="bottom" width="110">11.725</td> <td align="center" valign="bottom" width="92">12.475</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.75)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-6.01%</span></td></tr>
<tr> <td width="476">VIX March Future (3/22/2017)</td> <td align="center" valign="bottom" width="78">VXH7</td> <td align="center" valign="bottom" width="110">13.375</td> <td align="center" valign="bottom" width="92">13.925</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.55)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-3.95%</span></td></tr>
<tr> <td width="476">VIX April Future (4/19/2017)</td> <td align="center" valign="bottom" width="78">VXJ7</td> <td align="center" valign="bottom" width="110">15.125</td> <td align="center" valign="bottom" width="92">15.225</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.10)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-0.66%</span></td></tr>
<tr> <td width="476">VIX May Future (5/17/2017)</td> <td align="center" valign="bottom" width="78">VXK7</td> <td align="center" valign="bottom" width="110">16.025</td> <td align="center" valign="bottom" width="92">16.025</td> <td align="center" valign="bottom" width="101">0.00</td> <td align="center" valign="bottom" width="127">0.00%</td></tr>
<tr> <td width="476">CBOE Short-term Volatility Index</td> <td align="center" valign="bottom" width="78">VXST</td> <td align="center" valign="bottom" width="110">9.02</td> <td align="center" valign="bottom" width="92">9.19</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.17)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-1.85%</span></td></tr>
<tr> <td width="476">CBOE 3 Month Volatility Index</td> <td align="center" valign="bottom" width="78">VXV</td> <td align="center" valign="bottom" width="110">13.91</td> <td align="center" valign="bottom" width="92">14.05</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.14)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-1.00%</span></td></tr>
<tr> <td width="476">CBOE Mid-term Volatility Index (6 month)</td> <td align="center" valign="bottom" width="78">VXMT</td> <td align="center" valign="bottom" width="110">16.17</td> <td align="center" valign="bottom" width="92">16.27</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.10)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-0.61%</span></td></tr>
<tr> <td width="476">VIX of VIX</td> <td align="center" valign="bottom" width="78">VVIX</td> <td align="center" valign="bottom" width="110">85.77</td> <td align="center" valign="bottom" width="92">88.97</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(3.20)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-3.60%</span></td></tr>
<tr> <td width="476">CBOE SKEW Index</td> <td align="center" valign="bottom" width="78">SKEW</td> <td align="center" valign="bottom" width="110">130.47</td> <td align="center" valign="bottom" width="92">133.25</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(2.78)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-2.09%</span></td></tr>
<tr> <td width="476"><b><u>Long VIX ETP's</u></b></td> <td align="center" valign="bottom" width="78"></td> <td align="center" valign="bottom" width="110"></td> <td align="center" valign="bottom" width="92"></td> <td align="center" valign="bottom" width="101"></td> <td align="center" valign="bottom" width="127"></td></tr>
<tr> <td width="476">ProShares Ultra VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="78">UVXY</td> <td align="center" valign="bottom" width="110">21.91</td> <td align="center" valign="bottom" width="92">23.53</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(1.62)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-6.88%</span></td></tr>
<tr> <td width="476">iPath S&P 500 VIX Short Term Futures ETN</td> <td align="center" valign="bottom" width="78">VXX</td> <td align="center" valign="bottom" width="110">18.21</td> <td align="center" valign="bottom" width="92">18.82</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.61)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-3.24%</span></td></tr>
<tr> <td width="476">ProShares VIX Short Term Futures ETF</td> <td align="center" valign="bottom" width="78">VIXY</td> <td align="center" valign="bottom" width="110">15.16</td> <td align="center" valign="bottom" width="92">15.69</td> <td align="center" valign="bottom" width="101"><span style="color: red;">(0.53)</span></td> <td align="center" valign="bottom" width="127"><span style="color: red;">-3.38%</span></td></tr>
<tr> <td width="476">iPath S&P 500 VIX Mid-Tem Futures ETN</td> <td align="center" valign="bottom" width="78">VXZ</td> <td align="center" valign="bottom" width="110">30.06</td> <td align="center" valign="bottom" width="92">30.06</td> <td align="center" valign="bottom" width="101">0.00</td> <td align="center" valign="bottom" width="127">0.00%</td></tr>
<tr> <td width="476"><b><u>Inverse VIX ETP's </u></b></td> <td align="center" valign="bottom" width="78"></td> <td align="center" valign="bottom" width="110"></td> <td align="center" valign="bottom" width="92"></td> <td align="center" valign="bottom" width="101"></td> <td align="center" valign="bottom" width="127"></td></tr>
<tr> <td width="476">ProShares Short VIX Short Term Future ETF</td> <td align="center" valign="bottom" width="78">SVXY</td> <td align="center" valign="bottom" width="110">125.40</td> <td align="center" valign="bottom" width="92">121.36</td> <td align="center" valign="bottom" width="101">4.04</td> <td align="center" valign="bottom" width="127">3.33%</td></tr>
<tr> <td width="476">Daily Inverse VIX Short Term ETN</td> <td align="center" valign="bottom" width="78">XIV</td> <td align="center" valign="bottom" width="110">64.64</td> <td align="center" valign="bottom" width="92">62.69</td> <td align="center" valign="bottom" width="101">1.95</td> <td align="center" valign="bottom" width="127">3.11%</td></tr>
</tbody></table>
<b>Data Source: OptionVue8</b><br />
<b><br /></b> <b></b> <br />
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It will be a very heavy week for economic news. The week starts with Janet Yellen’s semi-annual testimony before the Senate Banking Committee followed on Wednesday by her testimony before the House Financial Services Committee. Yellen’s testimony has the potential to break the streak of no daily 1% moves in the SPX. Reports on retail sales, consumer prices and industrial production will be released on Wednesday. Thursday’s highlight will be release of Housing Starts and the Philadelphia Fed Business Outlook Survey. The number in this regional manufacturing survey will be correlated and compared against Wednesday’s Industrial Production report.</div>
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The earnings season is starting to wind down. Earnings announcements are predictable volatility events providing trading opportunity. It is important to reduce the number of surprise which may occur in any trading campaign. <b>Confirm the date and time of any company’s earnings announcement before trading any earnings announcement strategy. </b>The most accurate source of this information is the company’s investor relations website. The earnings highlights this week, for widely held and actively traded stocks, are Teva Pharmaceutical, Noble Energy, Restaurants International, Scorpio Tankers, Rent-A-Center, and Flowers Foods.<br />
<br />
I have added a scan of stocks with earnings announcements to the calendar for each day in the coming week. The scan criteria are: Closing price> $20, Implied Volatility > 25, Average daily option volume > 800 contracts. Liquidity, as determined by width of option markets and individual option contract volume, is a crucial component in successfully trading any option strategy. One of the most frustrating experiences is an inability to adjust or exit a strategy due to lack of liquidity in the market. The market uncertainty associated with the election has impacted liquidity. I found it difficult to enter earning trades last week. The bid/ask spreads seemed much larger than usual. Do not force trades in illiquid markets. <b>Data Sources for earnings: Livevol Core and OptionVue8</b> <br />
<b><br /></b> Advice to stimulate your imagination:<br />
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“A lot of my work is a matter of reacting to surprises in life.” - Alexander Wang</div>
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" Patience is necessary, and one cannot reap immediately where one has sown.” - Soren Kierkegaard</div>
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“To learn patience is not to rebel against every hardship.” - Henri Nouwen</div>
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<b><u>Monday February 13:</u></b> <br />
<strong></strong> <br />
Economic: No major Announcements.<br />
<br />
International Economic: Japan GDP - 6:50PM Sunday, China CPI and PPI – 8:30PM.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="104"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="330"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="175"><b><u>Feb 10 Close</u></b></td> <td align="center" valign="bottom" width="134"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="98"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="148"><b>AVGOPTVOL</b></td></tr>
<tr> <td align="center" valign="bottom" width="104">NBL</td> <td valign="bottom" width="330">Noble Energy, Inc.</td> <td align="center" valign="bottom" width="175">$38.39</td> <td align="center" valign="bottom" width="134">26.97</td> <td align="center" valign="bottom" width="98">BMO</td> <td align="center" valign="bottom" width="148">1944</td></tr>
<tr> <td align="center" valign="bottom" width="104">TEVA</td> <td valign="bottom" width="330">Teva Pharmaceutical</td> <td align="center" valign="bottom" width="175">$32.25</td> <td align="center" valign="bottom" width="134">36.73</td> <td align="center" valign="bottom" width="98">BMO</td> <td align="center" valign="bottom" width="148">28401</td></tr>
<tr> <td align="center" valign="bottom" width="104">CSOD</td> <td valign="bottom" width="330">Cornerstone OnDemand, Inc.</td> <td align="center" valign="bottom" width="175">$41.55</td> <td align="center" valign="bottom" width="134">50.79</td> <td align="center" valign="bottom" width="98">AMC</td> <td align="center" valign="bottom" width="148">1627</td></tr>
</tbody></table>
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<b><u>Tuesday February 14:</u></b> <br />
<b><u></u></b> <br />
<b><br /></b> <b>Last day of Trading for February VIX Futures and Options.</b><br />
<br />
Economic: NFIB Small Business Optimism Index – 6:00, PPI-FD – 8:30, Producer Price Index – 8:30, Redbook – 8:55<br />
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International Economic: Germany CPI - 2:00AM, Germany GDP Flash – 2:00AM, Great Britain CPI & PPI – 5:00AM, Eurozone GDP Flash – 5:00AM, Eurozone Industrial Production - 5:00AM.<br />
<br />
Other: Richmond Federal Reserve Bank President Jeffrey Lacker speaks at the University of Delaware 2017 Economic Forecast conference in Newark, Del., with media & audience Q&A – 8:50AM, Federal Reserve Chair Janet Yellen will give her semiannual monetary policy testimony before the Senate Banking Committee – 10:00AM, Atlanta Federal Reserve Bank President Dennis Lockhart speaks at Huntsville Rotary Club regarding crisis, recession, and recovery in Huntsville, Ala., with media and audience Q&A – 12:50PM, Dallas Federal Reserve Bank President Robert Kaplan participates in a panel discussion at the Greater Houston Port Bureau luncheon in Houston, Texas, with audience and media Q&A – 1:00PM,.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 996px;"> <tbody>
<tr> <td align="center" valign="bottom" width="113"><b><u>Symbol</u></b></td> <td valign="bottom" width="336"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="170"><b><u>Feb 10 Close</u></b></td> <td align="center" valign="bottom" width="125"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="94"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="152"><b>AVGOPTVOL</b></td></tr>
<tr> <td align="center" valign="bottom" width="114">A</td> <td valign="bottom" width="336">Agilent Technologies Inc</td> <td align="center" valign="bottom" width="170">$50.47</td> <td align="center" valign="bottom" width="125">25.05</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="152">1215</td></tr>
<tr> <td align="center" valign="bottom" width="115">DISCA</td> <td valign="bottom" width="336">Discovery Communications</td> <td align="center" valign="bottom" width="170">$27.96</td> <td align="center" valign="bottom" width="125">31.26</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="152">1173</td></tr>
<tr> <td align="center" valign="bottom" width="116">DVN</td> <td valign="bottom" width="336">Devon Energy Corp</td> <td align="center" valign="bottom" width="170">$44.75</td> <td align="center" valign="bottom" width="125">32.70</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="152">11012</td></tr>
<tr> <td align="center" valign="bottom" width="116">INCY</td> <td valign="bottom" width="336">Incyte Corporation</td> <td align="center" valign="bottom" width="170">$122.96</td> <td align="center" valign="bottom" width="125">43.99</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="152">1367</td></tr>
<tr> <td align="center" valign="bottom" width="116">MLM</td> <td valign="bottom" width="336">Martin Marietta Materials, Inc.</td> <td align="center" valign="bottom" width="170">$225.32</td> <td align="center" valign="bottom" width="125">30.69</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="152">1108</td></tr>
<tr> <td align="center" valign="bottom" width="116">TMUS</td> <td valign="bottom" width="336">T-Mobile Us Inc</td> <td align="center" valign="bottom" width="170">$62.25</td> <td align="center" valign="bottom" width="125">36.44</td> <td align="center" valign="bottom" width="94">BMO</td> <td align="center" valign="bottom" width="152">9410</td></tr>
<tr> <td align="center" valign="bottom" width="116">ESRX</td> <td valign="bottom" width="336">Express Scripts Holding Co</td> <td align="center" valign="bottom" width="170">$67.48</td> <td align="center" valign="bottom" width="125">27.04</td> <td align="center" valign="bottom" width="94">AMC</td> <td align="center" valign="bottom" width="152">9698</td></tr>
</tbody></table>
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<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Wednesday</u></strong><b><u> February 15:<strong></strong></u></b> <br />
<b><u><br /></u></b> <strong></strong> <br />
Economic: MBA Mortgage Applications – 7:00, Consumer Price Index (CPI) – 8:30, Retail Sales – 8:30, Empire State Manufacturing Survey – 8:30, Industrial Production – 9:15, Atlanta Fed Business Inflation Expectations = 10:00, Housing Market Index – 10:00, EIA Petroleum Status Report – 10:30.<br />
<br />
International Economic: Great Britain Labour Report – 4:30AM, Eurozone Merchandise Trade – 5:00AM.<br />
<br />
Other: Federal Reserve Chair Janet Yellen will give her semiannual monetary policy testimony before the House Financial Services Committee – 10:00, Boston Federal Reserve Bank President Eric Rosengren gives keynote speech at New York Association Economics Luncheon at the Harvard Club in NYC – 12:00PM, Philadelphia Federal Reserve President Patrick Harker speaks on the economic outlook at La Salle University 16th Annual Economic Outlook in Pa., with media and audience Q&A – 12:45PM.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 994px;"> <tbody>
<tr> <td align="center" valign="bottom" width="125"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="335"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="175"><b><u>Feb 10 Close</u></b></td> <td align="center" valign="bottom" width="119"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="73"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="161"><b>AVGOPTVOL</b></td></tr>
<tr> <td align="center" valign="bottom" width="125">BG</td> <td valign="bottom" width="335">Bunge Ltd</td> <td align="center" valign="bottom" width="175">$68.57</td> <td align="center" valign="bottom" width="119">31.32</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">1137</td></tr>
<tr> <td align="center" valign="bottom" width="125">CC</td> <td valign="bottom" width="335">Chemours Co</td> <td align="center" valign="bottom" width="175">$27.59</td> <td align="center" valign="bottom" width="119">54.32</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">2459</td></tr>
<tr> <td align="center" valign="bottom" width="125">MDCO</td> <td valign="bottom" width="335">The Medicines Company</td> <td align="center" valign="bottom" width="175">$48.75</td> <td align="center" valign="bottom" width="119">68.45</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">1663</td></tr>
<tr> <td align="center" valign="bottom" width="125">SHOP</td> <td valign="bottom" width="335">Shopify Inc</td> <td align="center" valign="bottom" width="175">$54.61</td> <td align="center" valign="bottom" width="119">51.82</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">1088</td></tr>
<tr> <td align="center" valign="bottom" width="125">TRGP</td> <td valign="bottom" width="335">Targa Resources Corp</td> <td align="center" valign="bottom" width="175">$59.31</td> <td align="center" valign="bottom" width="119">31.60</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">1486</td></tr>
<tr> <td align="center" valign="bottom" width="125">WMB</td> <td valign="bottom" width="335">Williams Companies Inc</td> <td align="center" valign="bottom" width="175">$28.67</td> <td align="center" valign="bottom" width="119">30.04</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">6183</td></tr>
<tr> <td align="center" valign="bottom" width="125">WYN</td> <td valign="bottom" width="335">Wyndham Worldwide</td> <td align="center" valign="bottom" width="175">$81.65</td> <td align="center" valign="bottom" width="119">27.07</td> <td align="center" valign="bottom" width="73">BMO</td> <td align="center" valign="bottom" width="161">1036</td></tr>
<tr> <td align="center" valign="bottom" width="125">ADI</td> <td valign="bottom" width="335">Analog Devices, Inc.</td> <td align="center" valign="bottom" width="175">$76.51</td> <td align="center" valign="bottom" width="119">25.10</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">810</td></tr>
<tr> <td align="center" valign="bottom" width="125">AEM</td> <td valign="bottom" width="335">Agnico Eagle Mines Ltd (USA)</td> <td align="center" valign="bottom" width="175">$50.20</td> <td align="center" valign="bottom" width="119">39.39</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">4020</td></tr>
<tr> <td align="center" valign="bottom" width="125">AMAT</td> <td valign="bottom" width="335">Applied Materials, Inc.</td> <td align="center" valign="bottom" width="175">$35.41</td> <td align="center" valign="bottom" width="119">29.42</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">12083</td></tr>
<tr> <td align="center" valign="bottom" width="125">CAR</td> <td valign="bottom" width="335">Avis Budget Group Inc.</td> <td align="center" valign="bottom" width="175">$37.41</td> <td align="center" valign="bottom" width="119">53.08</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">2641</td></tr>
<tr> <td align="center" valign="bottom" width="125">CF</td> <td valign="bottom" width="335">CF Industries Holdings, Inc.</td> <td align="center" valign="bottom" width="175">$34.49</td> <td align="center" valign="bottom" width="119">42.68</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">11251</td></tr>
<tr> <td align="center" valign="bottom" width="125">LBTYA</td> <td valign="bottom" width="335">Liberty Global PLC</td> <td align="center" valign="bottom" width="175">$35.19</td> <td align="center" valign="bottom" width="119">30.77</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">1276</td></tr>
<tr> <td align="center" valign="bottom" width="125">NTAP</td> <td valign="bottom" width="335">NetApp Inc.</td> <td align="center" valign="bottom" width="175">$39.31</td> <td align="center" valign="bottom" width="119">37.47</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">3836</td></tr>
<tr> <td align="center" valign="bottom" width="125">NTES</td> <td valign="bottom" width="335">NetEase Inc (ADR)</td> <td align="center" valign="bottom" width="175">$257.56</td> <td align="center" valign="bottom" width="119">37.91</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">3552</td></tr>
<tr> <td align="center" valign="bottom" width="125">TRIP</td> <td valign="bottom" width="335">Tripadvisor Inc</td> <td align="center" valign="bottom" width="175">$52.51</td> <td align="center" valign="bottom" width="119">46.61</td> <td align="center" valign="bottom" width="73">AMC</td> <td align="center" valign="bottom" width="161">2967</td></tr>
</tbody></table>
<br />
<strong><u>Thursday </u></strong><b><u>February 16:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: Housing Starts – 8:30, Weekly Jobless Claims – 8:30, Philadelphia Fed Business Outlook Survey – 8:30, Bloomberg Consumer Comfort Index – 9:45, EIA Natural Gas Report – 10:30, Money Supply – 4:30PM.<br />
<br />
International Economic: No major announcements<br />
<br />
Other: European Central Bank Minutes (ECB) – 7:30AM.<br />
<br />
<strong></strong> <br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 995px;"> <tbody>
<tr> <td align="center" valign="bottom" width="127"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="345"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="160"><b><u>Feb 10 Close</u></b></td> <td align="center" valign="bottom" width="97"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="87"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="173"><b>AVGOPTVOL</b></td></tr>
<tr> <td align="center" valign="bottom" width="127">ALXN</td> <td valign="bottom" width="345">Alexion Pharmaceuticals, Inc.</td> <td align="center" valign="bottom" width="160">$127.08</td> <td align="center" valign="bottom" width="97">39.38</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="174">5807</td></tr>
<tr> <td align="center" valign="bottom" width="127">CAB</td> <td valign="bottom" width="345">Cabelas Inc</td> <td align="center" valign="bottom" width="160">$50.24</td> <td align="center" valign="bottom" width="97">39.61</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="175">1058</td></tr>
<tr> <td align="center" valign="bottom" width="126">CHTR</td> <td valign="bottom" width="345">Charter Communications Inc</td> <td align="center" valign="bottom" width="160">$325.07</td> <td align="center" valign="bottom" width="97">28.39</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="175">2991</td></tr>
<tr> <td align="center" valign="bottom" width="126">MGM</td> <td valign="bottom" width="345">MGM Resorts International</td> <td align="center" valign="bottom" width="160">$28.62</td> <td align="center" valign="bottom" width="97">28.32</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="176">19619</td></tr>
<tr> <td align="center" valign="bottom" width="126">PRGO</td> <td valign="bottom" width="345">Perrigo Company PLC</td> <td align="center" valign="bottom" width="160">$79.44</td> <td align="center" valign="bottom" width="97">42.08</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="176">2179</td></tr>
<tr> <td align="center" valign="bottom" width="126">REGN</td> <td valign="bottom" width="345">Regeneron Pharmaceuticals</td> <td align="center" valign="bottom" width="160">$360.00</td> <td align="center" valign="bottom" width="97">30.85</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="176">4194</td></tr>
<tr> <td align="center" valign="bottom" width="126">SHPG</td> <td valign="bottom" width="345">Shire PLC (ADR)</td> <td align="center" valign="bottom" width="160">$171.82</td> <td align="center" valign="bottom" width="97">26.95</td> <td align="center" valign="bottom" width="87">BMO</td> <td align="center" valign="bottom" width="176">997</td></tr>
<tr> <td align="center" valign="bottom" width="126">ANET</td> <td valign="bottom" width="345">Arista Networks Inc</td> <td align="center" valign="bottom" width="160">$97.81</td> <td align="center" valign="bottom" width="97">38.54</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="176">1095</td></tr>
<tr> <td align="center" valign="bottom" width="126">TPX</td> <td valign="bottom" width="345">Tempur Sealy International Inc</td> <td align="center" valign="bottom" width="160">$45.75</td> <td align="center" valign="bottom" width="97">55.02</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="176">3115</td></tr>
<tr> <td align="center" valign="bottom" width="126">TRN</td> <td valign="bottom" width="345">Trinity Industries Inc</td> <td align="center" valign="bottom" width="160">$27.85</td> <td align="center" valign="bottom" width="97">41.51</td> <td align="center" valign="bottom" width="87">AMC</td> <td align="center" valign="bottom" width="176">1430</td></tr>
<tr> <td align="center" valign="bottom" width="126">WBMD</td> <td valign="bottom" width="345">WebMD Health Corp.</td> <td align="center" valign="bottom" width="160">$50.65</td> <td align="center" valign="bottom" width="97">34.24</td> <td align="center" valign="bottom" width="88">AMC</td> <td align="center" valign="bottom" width="177">4529</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<strong><u>Friday </u></strong><b><u>February 17:</u></b> <br />
<b><u><br /></u></b> <b><u></u></b> <br />
Economic: E-Commerce Retail Sales, Leading Indicators – 10:00, Baker-Hughes Rig count – 1:00PM.<br />
<br />
International Economic: Great Britain Retail Sales – 4:30AM<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 997px;"> <tbody>
<tr> <td align="center" valign="bottom" width="148"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="330"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="159"><b><u>Feb 10 Close</u></b></td> <td align="center" valign="bottom" width="88"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="110"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="156"><b>AVGOPTVOL</b></td></tr>
<tr> <td align="center" valign="bottom" width="148">VFC</td> <td valign="bottom" width="330">VF Corp</td> <td align="center" valign="bottom" width="159">$49.47</td> <td align="center" valign="bottom" width="88">30.89</td> <td align="center" valign="bottom" width="110">BMO</td> <td align="center" valign="bottom" width="156">3438</td></tr>
<tr> <td align="center" valign="bottom" width="148">FLR</td> <td valign="bottom" width="330">Fluor Corporation (NEW)</td> <td align="center" valign="bottom" width="159">$55.37</td> <td align="center" valign="bottom" width="88">27.55</td> <td align="center" valign="bottom" width="110">AMC</td> <td align="center" valign="bottom" width="156">1149</td></tr>
</tbody></table>
<br />
<strong></strong> <br />
<strong></strong> <br />
<strong></strong> <br />
<b><u>Monday February 20:</u></b> <br />
<b><u><br /></u></b> <strong></strong> <br />
<strong>US Markets Closed: Holiday – Presidents Day</strong> <br />
<strong><br /></strong> International Economic: Germany PPI – 2:00AM, Great Britain Industrial Trends Survery- 600AM, Japan Consumer Confidence Flash – 7:30PM.<br />
<br />
<u><strong>Tuesday February 21:</strong></u><br />
<u><strong><br /></strong></u>
<br />
Economic: PMI Manufacturing Index Flash – 9:45.<br />
<br />
International Economic: France CPI – 2:45AM, Germany PMI Composite Flash – 4:00AM, Eurozone PMI Composite Flash – 5:00AM.<br />
<br />
Earnings:<br />
<table border="3" cellpadding="0" cellspacing="0" style="width: 994px;"> <tbody>
<tr> <td align="center" valign="bottom" width="133"><b><u>Symbol</u></b></td> <td align="center" valign="bottom" width="368"><b><u>Company Name</u></b></td> <td align="center" valign="bottom" width="137"><b><u>Feb 10 Close</u></b></td> <td align="center" valign="bottom" width="92"><b><u>IV30</u></b></td> <td align="center" valign="bottom" width="96"><b><u>B/A</u></b></td> <td align="center" valign="bottom" width="162"><b>AVGOPTVOL</b></td></tr>
<tr> <td align="center" valign="bottom" width="133">AER</td> <td valign="bottom" width="368">AerCap Holdings N.V.</td> <td align="center" valign="bottom" width="137">$45.94</td> <td align="center" valign="bottom" width="92">26.12</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="162">925</td></tr>
<tr> <td align="center" valign="bottom" width="133">DDS</td> <td valign="bottom" width="368">Dillard's, Inc.</td> <td align="center" valign="bottom" width="137">$57.29</td> <td align="center" valign="bottom" width="92">44.79</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="162">941</td></tr>
<tr> <td align="center" valign="bottom" width="133">DISH</td> <td valign="bottom" width="368">DISH Network Corp</td> <td align="center" valign="bottom" width="137">$61.07</td> <td align="center" valign="bottom" width="92">36.54</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="162">4076</td></tr>
<tr> <td align="center" valign="bottom" width="133">M</td> <td valign="bottom" width="368">Macy's Inc</td> <td align="center" valign="bottom" width="137">$32.37</td> <td align="center" valign="bottom" width="92">49.23</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="162">23821</td></tr>
<tr> <td align="center" valign="bottom" width="133">NEM</td> <td valign="bottom" width="368">Newmont Mining Corp</td> <td align="center" valign="bottom" width="137">$37.20</td> <td align="center" valign="bottom" width="92">36.02</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="162">21471</td></tr>
<tr> <td align="center" valign="bottom" width="133">XPO</td> <td valign="bottom" width="368">XPO Logistics Inc</td> <td align="center" valign="bottom" width="137">$45.43</td> <td align="center" valign="bottom" width="92">45.69</td> <td align="center" valign="bottom" width="96">BMO</td> <td align="center" valign="bottom" width="162">2225</td></tr>
<tr> <td align="center" valign="bottom" width="133">AAP</td> <td valign="bottom" width="368">Advance Auto Parts, Inc.</td> <td align="center" valign="bottom" width="137">$164.83</td> <td align="center" valign="bottom" width="92">31.32</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="162">2077</td></tr>
<tr> <td align="center" valign="bottom" width="133">CXO</td> <td valign="bottom" width="368">Concho Resources Inc</td> <td align="center" valign="bottom" width="137">$139.86</td> <td align="center" valign="bottom" width="92">29.44</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="162">906</td></tr>
<tr> <td align="center" valign="bottom" width="133">NFX</td> <td valign="bottom" width="368">Newfield Exploration Co.</td> <td align="center" valign="bottom" width="137">$40.91</td> <td align="center" valign="bottom" width="92">37.08</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="162">2023</td></tr>
<tr> <td align="center" valign="bottom" width="133">TEX</td> <td valign="bottom" width="368">Terex Corporation</td> <td align="center" valign="bottom" width="137">$31.32</td> <td align="center" valign="bottom" width="92">39.66</td> <td align="center" valign="bottom" width="96">AMC</td> <td align="center" valign="bottom" width="162">1327</td></tr>
</tbody></table>
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<br />Frank Faheyhttp://www.blogger.com/profile/07726968181515694504noreply@blogger.com0