Weekend Market Update

Venturing Across The Pacific For Investing Opportunities

Notes: Check out the 2/14 version of the Weekend Market Update for a look at the S&P 500 (trade idea and analysis still hold true today).

iShares MSCI Japan ETF (EWJ) Options Trade Idea

Buy the (EWJ) June $12 call for $0.67 or better

Stop loss- None

1st upside target- $1.25

2nd upside target- $1.80

Notes: The options market is pricing in a $6.50-$6.65 move through March options expiration in Westlake Chemical (WLK).

Westlake Chemical (WLK) Options Trade Idea

Buy the (WLK) Mar $65/$75 bull call spread for a $4.40 debit or better

(Buy the Mar $65 call and sell the Mar $75 call, all in one trade)

Stop loss reference- Close below the 10-week EMA in the stock or if the Mar $70 call buyer unwinds his/her position early

1st upside target- $8.00

2nd upside target- $75+ in the stock

Notes: The options market is pricing in a $2.10 move in Live Nation Entertainment (LYV) through March options expiration.

Live Nation Entertainment (LYV) Options Trade Idea

Buy the (LYV) Mar $26/$28 bull call spread for a $0.60 debit or better

(Buy the Mar $26 call and sell the Mar $28 call, all in one trade)

Stop loss- None

1st upside target- $1.20

2nd upside target- $1.80

Weekly S&P Sectors ETF Performance: Healthcare (XLV) +2.06%, Industrials (XLI) +1.73%, Utilities (XLU) +1.08%, Technology (XLK) +1.06%, Materials (XLB) +0.97%, Consumer Discretionary (XLY) +0.73%, Consumer Staples (XLP) +0.20%, Financials (XLF) +0.12%, Energy (XLE) -1.83%

Various Asset Classes: Natural Gas (UNG) +5.84%, Nasdaq-100 (NDX) +1.35%, Dow Jones Industrial Average (DJIA) +0.67%, S&P 500 (SPX) +0.63%, U.S. Dollar (UUP) +0.20%, Bonds (TLT) -1.32%, Agriculture (DBA) -1.78%, Gold (GLD) -2.24%, Spot Volatility Index (VIX) -2.65%, Oil (USO) -4.84%, Silver (SLV) -6.05%

Economic Data (2/23-2/27)

Monday: 10:00 A.M. EST- Jan Existing Home Sales (4.95M)

Tuesday: 9:00 A.M.- Dec Case-Shiller 20-City Index (+4.3%); 10:00 A.M.- Feb Consumer Confidence (99.3)

Wednesday: 7:00 A.M.- Weekly MBA Mortgage Index; 10:00 A.M.- Jan New Home Sales (+471K); 10:30 A.M.- Weekly Crude Oil Inventories

Thursday: 8:30 A.M.- Initial Weekly Jobless Claims (290K), Continuing Claims (2400K), Jan CPI (-0.6%), Jan Core CPI (+0.1%), Jan Durable Goods Orders (+1.8%), Jan Durable Goods Orders ex/transportation (+0.6%); 9:00 A.M.- Dec FHFA Housing Price Index; 10:30 A.M.- Weekly Natural Gas Inventories

Friday: 8:30 A.M.- Q4 GDP-2nd estimate (+2.1%), Q4 GDP Deflator-2nd estimate (+0.0%); 9:45 A.M.- Feb Chicago PMI (58.0); 10:00 A.M.- Jan Pending Home Sales (+2.2%), Feb U of Michigan Sentiment Survey-Final (93.8)

Earnings Reports (2/23-2/27)

Monday: Before the bell- (AER), (AU), (AWI), (CIE), (CTB), (CRD.A), (CRD.B), (DISH), (EDR), (GKNT), (KOS), (MHR), (DNOW), (PACD), (STAG), (TSEM); After the bell- (AGU), (LNT), (ATRC), (AVIV), (AXTI), (CHGG), (CBPX), (TRAK), (DK), (DEPO), (EIGI), (ESRX), (FIVN), (IVR), (KAMN), (MDCA), (DKL), (NLS), (OHI), (OKE), (OKS), (PDLI), (QTS), (QUAD), (ROSE), (BEE), (SNHY), (THC), (TXRH), (VVUS)

Tuesday: Before the bell- (ACPW), (AIXG), (ALKS), (AMT), (BMO), (GTLS), (CPS), (CBLI), (CMCSA), (COT), (CBRL), (CTG), (DDS), (DPZ), (DCI), (DW), (DYAX), (DYN), (ECL), (EXAS), (EXLS), (EXPD), (FDML), (THRM), (HSII), (HD), (ZINC), (IPXL), (INFI), (KATE), (M), (MNKD), (NEO), (ODP), (PLL), (PF), (RLGY), (SAFM), (SHLX), (SAH), (SOHO), (SPAR), (SHOO), (SPWR), (TNC), (TOL), (TRXC), (TREX), (VRX), (VAL), (WEN), (WLK), (WLKP), (WIN); After the bell- (AAC), (Y), (ACAS), (ARC), (AWK), (AMRS), (NLY), (BNFT), (CBI), (CLDT), (CLR), (CLGX), (DPM), (DWA), (EIX), (EPR), (XCO), (EXEL), (FSLR), (FLTX), (FCE.B), (FMI), (FELE), (GB), (HCKT), (HLS), (HWAY), (HPQ), (AWAY), (HURN), (ICAD), (IMPR), (INCR), (XXIA), (JAZZ), (KONA), (KRA), (LQ), (DOOR), (MATX), (MMSI), (NSTG), (NATL), (NKTR), (NYMT), (NFX), (NDSN), (ORA), (PZZA), (PRA), (QEP), (RRC), (RUBI), (SAFT), (SINA), (SMSI), (SM), (TXTR), (LC), (TSLX), (SLCA), (VRSK), (WMBD), (ZAGG)

Wednesday: Before the bell- (ABY), (AEE), (AVA), (BBG), (CVC), (CPB), (CSG), (CHK), (CLH), (CCOI), (CEQP), (CMLP), (DIN), (DLTR), (EV), (EE), (ECA), (FI), (HFC), (ICLR), (IRT), (JAKK), (LAMR), (LAD), (LOW), (LL), (MGA), (MWE), (MEMP), (MYE), (NVDQ), (OCR), (PERI), (PTX), (RRD), (RY), (SODA), (SMP), (STWD), (STRZA), (TGT), (TJX), (TRS), (VIP), (WCIC); After the bell- (AEGN), (AWR), (AMSG), (ANIK), (AR), (AAOI), (AREX), (ARI), (AGO), (ATNI), (AVGO), (BWC), (BLDP), (BMRN), (CWT), (CSV), (CEMP), (CHMT), (CO), (CLVS), (CXO), (CPRT), (CSGP), (CTRP), (DXCM), (EHTH), (ESRT), (ELGX), (EPAM), (EAC), (ESSX), (EXETF), (FOE), (GMED), (GXP), (TEG), (IL), (KW), (LB), (LGCY), (LMAT), (LHCG), (LMCA), (MCHX), (MMLP), (MDAS), (MDVN), (MELI), (NATR), (OAS), (PVA), (HK), (PGTI), (PLKI), (RLJ), (CRM), (SBY), (SFM), (SYNC), (TTEC), (CLUB), (RIG), (UGP), (UVE), (WR), (WLL), (WDAY), (WPX), (WMGI)

Thursday: Before the bell- (DDD), (ACIW), (ACU), (ACTA), (AES), (AKRX), (AMCX), (AMWD), (BUD), (ANSS), (ARCC), (HAWK), (BDBD), (CCG), (TAST), (CRI), (CTRX), (CNP), (CHS), (CYD), (VALE), (CWEI), (CNNX), (CYBX), (EME), (ESV), (STAY), (EXH), (EXLP), (FCH), (FIG), (GOGO), (HEES), (HSC), (HMHC), (HSNI), (HSON), (IPCC), (IQNT), (IRDM), (ISIS), (KSS), (KOP), (LPI), (LTM), (LKQ), (MGLN), (VAC), (MACK), (MDXG), (MITL), (NSM), (NXST), (NTI), (NXTM), (OGE), (ZEUS), (ORN), (SRPT), (SDRL), (SHLD), (SEAS), (SNMX), (SERV), (SGC), (SFY), (TASR), (TWI), (TD), (VSCP), (WMAR), (WNR), (WNRL), (XCRA); After the bell- (TWOU), (AVHI), (AHC), (ACAD), (AEGR), (MITT), (MDRX), (AMSF), (AMH), (ARUN), (ASCMA), (AHT), (ASPN), (ATLS), (ABTL), (ADSK), (BEL), (BIO), (WIFI), (CERS), (ENV), (CLNE), (BVN), (CUBE), (DGI), (ECPG), (EVHC), (GPS), (PAC), (HLF), (HPP), (ICFI), (IMMR), (BLOX), (IM), (PODD), (XENT), (KND), (LYV), (LTC), (MAIN), (MVNR), (MGRC), (MENT), (NCMI), (NNI), (NMBL), (OVTI), (OUT), (PE), (PEGA), (PGH), (PFMT), (PSIX), (RPTP), (RRMS), (ROST), (SB), (SBAC), (SEMG), (SREV), (SZYM), (SWN), (SRC), (SPLK), (SGM), (TUBE), (UIL), (OLED), (UHS), (ECOL), (VGR), (WTW), (WSR), (YOKU)

Friday: Before the bell- (CAS), (WTR), (BVX), (CLMT), (CAPL), (CST), (DFRG), (DCIX), (XLS), (GLOG), (GDP), (GVA), (HTH), (HMSY), (HZNP), (HPT), (LBY), (MEET), (ECC), (NRF), (NWN), (NRG), (NYLD), (PNM), (PTCT), (RDC), (SRI), (TTI), (WLB)

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EWJ LYV Weekend Market Update WLK