2015-01-16 Weekend Market Update (Equities Snap Five Day Losing Streak On Options Expiration)

Posted on January 16th, by Mitchell Warren in Free Articles, Options Risk Management, Weekend Market Updates. Comments Off on 2015-01-16 Weekend Market Update (Equities Snap Five Day Losing Streak On Options Expiration)

Weekend Market Update

Equities Snap Five Day Losing Streak On Options Expiration

PowerShares QQQ Trust

Notes: The trade below is a low risk way to get long the (QQQ) and potentially make up to 233% on a close at $105 on February options expiration. Look to close out at least half of the position on a move to $105 and let the rest ride into expiration (breakeven points are $102.20 and $107.80).

PowerShares QQQ Trust ETF (QQQ) Options Trade Idea

Buy the (QQQ) Feb 20 2015 $101/$105/$109 call butterfly for a $1.20 debit or better

(Buy 1 Feb 20 $101 call, sell 2 Feb 20 $105 calls, and buy 1 Feb 20 $109 call, all in one trade)

Stop loss- None

1st upside target- $2.40

2nd upside target- $3.60

Currency Shares British Pound Sterling Trust

France iShares

Weekly S&P Sectors ETF Performance: Utilities (XLU) +2.62%, Consumer Staples (XLP) +0.33%, Healthcare (XLV) +0.23%, Materials (XLB) -1.14%, Industrials (XLI) -1.25%, Energy (XLE) -1.48%, Consumer Discretionary (XLY) -1.72%, Technology (XLK) -2.11%, Financials (XLF) -2.61%

Various Asset Classes: Spot Volatility Index (VIX) +19.37%, Silver (SLV) +7.48%, Natural Gas (UNG) +4.67%, Gold (GLD) +4.49%, Bonds (TLT) +1.62%, U.S. Dollar (UUP) +0.86%, Oil (USO) +0.27%, S&P 500 (SPX) -1.24%, Dow Jones Industrial Average (DJIA) -1.27%, Nasdaq-100 (NDX) -1.69%, Agriculture (DBA) -2.74%

Economic Data (1/19-1/23)

Monday: No economic data (MLK Jr Day)

Tuesday: 10:00 A.M. EST- Jan NAHB Housing Market Index (58)

Wednesday: 7:00 A.M.- Weekly MBA Mortgage Index; 8:30 A.M.- Dec Housing Starts (1040K), Dec Building Permits (1060K)

Thursday: 8:30 A.M.- Initial Weekly Jobless Claims (300K), Continuing Claims (2380K); 9:00 A.M.- Nov FHFA Housing Price Index; 10:30 A.M.- Weekly Natural Gas Inventories; 11:00 A.M.- Weekly Crude Oil Inventories

Friday: 10:00 A.M.- Dec Existing Home Sale (5.10M), Dec Leading Indicators (+0.4%)

Earnings Reports (1/19-1/23)

Monday: No earnings reports (MLK Jr Day)

Tuesday: Before the bell- (ATI), (BHI), (DAL), (HAL), (IGTE), (JNJ), (MTB), (MTG), (MS), (EDU), (OMN), (PETS), (RF), (SAP), (UN); After the bell- (ADTN), (AMD), (CA), (CREE), (FMBI), (IBKR), (IBM), (NFLX), (PFBC), (OKSB), (SMCI), (WWD)

Wednesday: Before the bell- (ASML), (CTBI), (FITB), (GD), (VIVO), (NTRS), (PPBI), (AMTD), (USB), (UCBI), (UNH); After the bell- (AXP), (BXS), (BPFH), (CATY), (CBU), (CCI), (CVBF), (DFS), (DLB), (EGBN), (EWBC), (EBAY), (FFIV), (ISSC), (KMI), (LOGI), (NAVI), (PLXS), (RJF), (SLM), (SNDK), (SUSQ), (TCBI), (FNLC), (URI), (XLNX)

Thursday: Before the bell- (ALK), (AVT), (BKU), (BBT), (BGG), (CP), (COV), (CY), (DLX), (EFSC), (FNB), (FCS), (FBC), (GMT), (HBAN), (JNS), (JCI), (KEY), (NPBC), (NTCT), (NJ), (BPOP), (PCP), (QSII), (SASR), (SBNY), (LUV), (XRS), (TDY), (TRV), (UAL), (UNP), (VZ), (WBS); After the bell- (EGHT), (ALTR), (ASB), (BANF), (BMTC), (COF), (CE), (CYN), (COBZ), (CBST), (ETFC), (HBHC), (HXL), (IKAN), (INDB), (INFN), (ISRG), (KLAC), (MXIM), (OCFC), (PLCM), (RMD), (SWKS), (SBUX), (WAL)

Friday: Before the bell- (BK), (BNCN), (CBAN), (FHN), (FNFG), (GE), (HON), (IBCP), (KSU), (KMB), (MCD), (MOG.A), (PB), (COL), (STT), (SYF)

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