Weekend Market Update

The S&P 500 Rallies On The ECB QE Announcement

SPDR S&P 500 ETF Trust (SPY) Options Trade Ideas

Sell the (SPY) Feb 20 $187.50/$188.50 bull put spread for a $0.15 credit or better

(Sell the Feb 20 $188.50 put and buy the Feb 20 $187.50 put, all in one trade)

Stop loss reference- A move below $188.50 in the underlying

Upside target- $0.05 or less

Maximum gain potential- 17.6%

And/Or

Buy the (SPY) Feb 20 $205/$212 bull call spread for a $2.75 debit or better

(Buy the Feb 20 $205 call and sell the Feb 20 $212 call, all in one trade)

Stop loss- $0.95

1st upside target- $5.50

2nd upside target- A move in the underlying to $212-$215

WisdomTree India Earnings (EPI) Options Trade Idea

Buy the (EPI) July 2015 $24/$26/$28 bull call butterfly for a $0.60 debit or better

(Buy 1 July $24 call, sell 2 July $26 calls, and buy 1 July $28 call, all in one trade)

Stop loss reference- None

1st upside target- $1.20 or a move to $26 in the underlying

2nd upside target- $1.80

Weekly S&P Sectors ETF Performance: Technology (XLK) +2.65%, Industrials (XLI) +2.29%, Energy (XLE) +1.90%, Consumer Discretionary (XLY) +1.81%, Financials (XLF) +1.19%, Utilities (XLU) +1.07%, Materials (XLB) +0.84%, Healthcare (XLV) +0.81%, Consumer Staples (XLP) +0.77%

Various Asset Classes: Silver (SLV) +3.30%, Nasdaq-100 (NDX) +3.28%, U.S. Dollar (UUP) +2.52%, S&P 500 (SPX) +1.60%, Gold (GLD) +1.40%, Bonds (TLT) +1.19%, Dow Jones Industrial Average (DJIA) +0.92%, Agriculture (DBA) -2.81%, Natural Gas (UNG) -4.59%, Oil (USO) -7.26%, Spot Volatility Index (VIX) -20.48%

Economic Data (1/26-1/30)

Monday: No economic data

Tuesday: 8:30 A.M. EST- Dec Durable Goods Orders, Dec Durable Goods Orders ex/transportation; 9:00 A.M.- Nov Case-Shiller 2-City Index; 10:00 A.M.- Jan Consumer Confidence, Dec New Home Sales

Wednesday: 7:00 A.M.- Weekly MBA Mortgage Index; 10:30 A.M.- Weekly Crude Oil Inventories; 2:00 P.M.- Jan FOMC Rate Decision

Thursday: 8:30 A.M.- Initial Weekly Jobless Claims, Continuing Claims; 10:00 A.M.- Dec Pending Home Sales; 10:30 A.M.- Weekly Natural Gas Inventories

Friday: 8:30 A.M.- Q4 GDP-Advanced, Q4 Chain Deflator-Advanced, Q4 Employment Cost; 9:45 A.M.- Jan Chicago PMI; 9:55 A.M.- Jan U of Michigan Sentiment Survey-Final

Earnings Reports (1/26-1/30)

Monday: Before the bell- (BNCN), (CFG), (DHI), (LKFN), (NSC), (OPB), (OSIS), (ROP), (STX), (SNBC), (GWW), (YDKN); After the bell- (ASH), (BOH), (BBCN), (BRO), (CR), (ELS), (GGG), (GSBC), (HTLF), (HMST), (JJSF), (MSFT), (NBTB), (PKG), (PSEM), (PCL), (RMBS), (RLI), (SANM), (SHBI), (SIMO), (TXN), (TRNS), (WIBC), (ZION)

Tuesday: Before the bell- (MMM), (AOS), (ABMD), (AMG), (AKS), (AAL), (AUDC), (AVX), (BMY), (CAT), (CIT), (COH), (GLW), (DHR), (DOV), (DD), (FCFS), (FMER), (FCX), (GK), (IIVI), (ITW), (ISSI), (ISCA), (PHG), (LXK), (LMT), (MNRO), (NEE), (NVS), (NUE), (OSH), (PH), (BTU), (PEBO), (PFE), (PII), (PG), (PLD), (PROV), (STBA), (SSB), (SNV), (ERIC), (TDG), (UTX), (WAT); After the bell- (ARAY), (ACE), (DOX), (AMGN), (AAPL), (AMCC), (T), (BBOX), (BXP), (BBNK), (CLMS), (CNI), (CNMD), (CYT), (DWCH), (DCOM), (EA), (ETH), (EZPW), (FFIC), (FSL), (HMNF), (ILMN), (JNPR), (MRTN), (MBTF), (MRCY), (NRIM), (OTEX), (PLT), (POL), (STL), (SYK), (TRMK), (TSS), (UMBF), (X), (VMW), (WSBC), (WDC), (YHOO), (ZHNE)

Wednesday: Before the bell- (ADT), (AHGP), (ARLP), (AEP), (ABC), (AME), (ANTM), (ACAT), (BIIB), (BA), (BOKF), (EAT), (CRS), (GIB), (CVLT), (CFR), (CUBI), (EMC), (ENR), (EVER), (FCF), (GD), (GNTX), (GWB), (HAE), (HES), (HCBK), (IP), (KNX), (KLIC), (MDC), (MKTX), (MKC), (MWV), (MDP), (MTOR), (BABY), (NYCB), (PCH), (PX), (PGR), (RDWR), (RYAM), (ROK), (ROL), (RES), (SYBT), (SPIL), (STJ), (STM), (TROW), (TEL), (TXT), (TMP), (TUP), (USAP); After the bell- (ALB), (ALGT), (ATK), (AMP), (AZPN), (AF), (AVB), (BRKL), (CBT), (CACI), (CPT), (CMO), (CSII), (CAVM), (CGI), (CMPR), (CRUS), (CTXS), (CLB), (DRE), (ESIO), (EXTR), (FB), (FLEX), (FTK), (FTNT), (GGP), (HOLX), (HTCH), (IBKC), (IEX), (IGT), (ISIL), (JEC), (JBSS), (KEX), (LRCX), (LVS), (MLNX), (MEOH), (MKSI), (MUR), (NG), (PGC), (PTC), (QGEN), (QRVO), (QCOM), (RKT), (NOW), (SHOR), (SGI), (SLG), (STLD), (TSC), (SWFT), (TER), (TTEK), (TSCO), (TGI), (UMPQ), (VAR), (VRTX), (WSTC)

Thursday: Before the bell- (ABT), (APD), (ALXN), (BABA), (ALLY), (AIT), (ALV), (BEAV), (BMS), (BX), (BOFI), (BC), (CCMP), (CAM), (CFFN), (CAH), (CACB), (CSH), (CBF), (CELG), (CHKP), (CLFD), (CMS), (CL), (COLB), (CMCO), (LODE), (COP), (DEO), (DHX), (DOW), (DST), (EPD), (F), (GLOP), (HOG), (HAR), (HP), (HFWA), (HSY), (HGG), (HUB.A), (IFNNY), (IVZ), (ITG), (JBLU), (LRN), (KELYA), (KEM), (KMT), (KFX), (LLL), (LSTR), (LYTS), (MMYT), (HZO), (MJN), (MD), (MTH), (NDAQ), (NOK), (NOC), (DCM), (OXY), (PENN), (PSX), (PSXP), (POT), (PHM), (DGX), (RTN), (RGS), (RDS.A), (RGLD), (RYL), (SHW), (SILC), (SWK), (SMMF), (SXC), (TCB), (TMO), (TWC), (TKR), (UBSI), (VLO), (VLY), (VIAB), (WCC), (XEL), (ZMH); After the bell- (ABAX), (ALGN), (AMZN), (ATNY), (AVNW), (BRCM), (BCR), (ELY), (CPHD), (CB), (COHR), (CPSI), (CTCT), (CORT), (DECK), (EMN), (EFII), (ELX), (FCB), (FICO), (FFBC), (GIMO), (GBCI), (GOOG), (GOOGL), (GNBC), (GDOT), (GSIT), (HBI), (HLIT), (HA), (INFA), (INVN), (ISBC), (IXYS), (JDSU), (KTEC), (KRC), (LEG), (MTW), (MATW), (MBFI), (MBVT), (MCRL), (MTX), (MITK), (NBHC), (NFG), (NATI), (NGVC), (N), (NEU), (PCCC), (PKI), (PMCS), (PFG), (PFPT), (QLGC), (QTM), (RVBD), (RHI), (SCSC), (SIGI), (SWI), (SFG), (SRDX), (SYNA), (TMST), (TUES), (UIS), (USLM), (VR), (V), (WERN), (WYNN)

Friday: Before the bell- (ABBV), (MO), (AVY), (BZH), (BERY), (CVX), (COB), (LLY), (BEN), (GHM), (HMC), (HFBC), (IDXX), (IMGN), (IR), (INGR), (KCG), (KT), (LEA), (LM), (MGIC), (MAN), (MA), (MAT), (MOG.A), (NWL), (NVO), (NS), (NSH), (OFG), (OPY), (PCAR), (PSTB), (PFS), (SAIA), (SPG), (TYC), (TSN), (WTBA), (WY), (XRX)

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EPI SPY Weekend Market Update WTIC