Weekend Market Update

Equities Snap Five Day Losing Streak On Options Expiration

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

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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Weekend Market Update