2015-02-27 Weekend Market Update (Equities Hold Firm Despite Weaker Economic Data)


Posted on February 27th, by Mitchell Warren in Free Articles, Weekend Market Updates. Comments Off on 2015-02-27 Weekend Market Update (Equities Hold Firm Despite Weaker Economic Data)

Weekend Market Update

Equities Hold Firm Despite Weaker Economic Data

PowerShares DB US Dollar Index Bullish Fund

PowerShares DB U.S. Dollar Index Bullish ETF (UUP) Options Trade Idea

Buy the (UUP) Apr 17 $25/$26 bull call spread for a $0.35 debit or better

(Buy the Apr 17 $25 call and sell the Apr 17 $26 call, all in one trade)

Stop loss- None

1st upside target- $0.70

2nd upside target- $0.95

Vanguard European VIPERS

Notes: The bull call spread trade below is a more conservative way to way the massive Jan 2016 call action from today. In the event that the big buyer has a breakeven on his/her trade ($61.10-$61.20), then the trade idea below can see a near triple in terms of ROI.

Vanguard FTSE Europe ETF (VGK) Options Trade Idea

Buy the (VGK) Jan 2016 $56/$61 bull call spread for a $1.70 debit or better

(Buy the Jan 2016 $56 call and sell the Jan 2016 $61 call, all in one trade)

Stop loss- None

1st upside target- $3.40

2nd upside target- $4.95

Nasdaq Composite

Weekly S&P Sectors ETF Performance: Consumer Staples (XLP) +0.83%, Consumer Discretionary (XLY) +0.70%, Healthcare (XLV) +0.08%, Technology (XLK) +0.02%, Financials (XLF) -0.37%, Materials (XLB) -0.85%, Utilities (XLU) -1.01%, Industrials (XLI) -1.15%, Energy (XLE) -1.89%

Various Asset Classes: Bonds (TLT) +2.36%, Silver (SLV) +2.12%, U.S. Dollar (UUP) +0.96%, Gold (GLD) +0.76%, Dow Jones Industrial Average (DJIA) -0.04%, Nasdaq-100 (NDX) -0.05%, S&P 500 (SPX) -0.27%, Agriculture (DBA) -0.35%, Oil (USO) -2.95%, Spot Volatility Index (VIX) -6.71%, Natural Gas (UNG) -8.58%

Economic Data (3/2-3/6)

Monday: 8:30 A.M. EST- Jan Personal Income (+0.4%), Jan Personal Spending (-0.1%), Jan PCE Prices-Core (+0.2%); 10:00 A.M.- Feb ISM Index (53.0), Jan Construction Spending (+0.2%)

Tuesday: 2:00 P.M.- Feb Auto and Truck Sales

Wednesday: 7:00 A.M.- Weekly MBA Mortgage Index; 8:15 A.M.- Feb ADP Employment Change (+220K); 10:00 A.M.- Feb ISM Services (56.5); 10:30 A.M.- Weekly Crude Oil Inventories; 2:00 P.M.- Mar Fed’s Beige Book

Thursday: 7:30 A.M.- Feb Challenger’s Job Cuts; 8:30 A.M.- Initial Weekly Jobless Claims (295K), Continuing Claims (2403K), Q4 Productivity-Revised (-2.3%), Q4 Unit Labor Costs-Revised (+2.9%); 10:00 A.M.- Jan Factory Orders (+0.7%); 10:30 A.M.- Weekly Natural Gas Inventories

Friday: 8:30 A.M.- Feb Non-Farm Payrolls (+240K), Feb Private Non-Farm Payrolls (+230K), Feb Unemployment Rate (5.6%), Feb Hourly Earnings (+0.2%), Feb Average Workweek (34.6), Jan Trade Balance (-$42.0B); 3:00 P.M.- Jan Consumer Credit (+$13.0B)

Earnings Reports (3/2-3/6)

Monday: Before the bell- (AMBC), (ARP), (CORE), (EMES), (ENDP), (ECYT), (FSS), (GTI), (ICPT), (JKS), (LXU), (MHR), (PCTI), (PMC), (STNG), (SSE), (BID), (SSYS), (INN); After the bell- (AERI), (ALEX), (ARNA), (BALT), (CZR), (CHUY), (CISG), (CODI), (CMLS), (DTSI), (DRRX), (EC), (EPIQ), (EVDY), (FOXF), (GWRE), (HALO), (HTGC), (IG), (MTDR), (MYL), (NTK), (NTRI), (OPWR), (PANW), (PRAA), (RNET), (RSE), (SLXP), (STKL), (TG), (WEYS)

Tuesday: Before the bell- (ACW), (BNS), (BBY), (BBEP), (DKS), (GSL), (INSY), (JD), (KATE), (FSTR), (LDL), (OXFD), (RIGL), (SSI), (TEDU), (THLD), (TISA), (TPH); After the bell- (ABM), (AVAV), (AMRN), (AMBA), (ASNA), (BV), (BOBE), (BONA), (CECO), (CDI), (CDXS), (DARA), (EFUT), (GERN), (LRE), (MPO), (NPTN), (PDII), (SWHC), (SPTN), (TIVO), (TNET), (VEEV), (ZLTQ)

Wednesday: Before the bell- (ANF), (AMED), (ARQL), (ATHM), (BF.A), (BF.B), (CASM), (CCSC), (DSX), (DOC), (SSP), (FRP), (HYGS), (IBP), (MTLS), (PETM), (SOL), (TRK), (SCMP), (TSL), (TOUR), (W); After the bell- (ALG), (ALSK), (ALDR), (ALIM), (ASMI), (BIOL), (CPE), (CBPO), (COKE), (JCS), (CVU), (BREW), (CCRN), (DAR), (ECR), (GARS), (GEF), (GSIG), (HDSN), (JONE), (MYRG), (OEC), (PQ), (RNDY), (SMTC), (SP), (VSLR), (WTI), (XUE)

Thursday: Before the bell- (AXAS), (AMRC), (ARES), (ACRE), (BRLI), (BKCC), (CNQ), (CSIQ), (PLCE), (CIEN), (CIO), (COST), (HILL), (EXK), (FOR), (GTN), (ICD), (DATE), (JOY), (TAX), (KR), (LMOS), (MEI), (MGCD), (PRFT), (SFE), (USPH), (WRES); After the bell- (JOBS), (ADUS), (ATSG), (ALJ), (ALDW), (ICEL), (CKP), (CHEF), (CIX), (COO), (DMD), (DMND), (ERII), (ESL), (FNSR), (TFM), (GALE), (ENT), (HCI), (IHLDY), (IRIX), (MNTX), (MMI), (ZQK), (QUMU), (RTRX), (SPP), (BFS), (SKUL), (VMEM), (WX), (ZN)

Friday: Before the bell- (BIG), (DRAD), (FL), (GPT), (MRCC), (SXE), (SPLS), (VTG), (VRS)

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