Weekend Rip 2/16
Good Sunday folks. This week, earnings season begins to wind down. We’ll get reports from Walmart, Dominos Pizza, and John Deere among others (See below for more).
Here’s the weekly S&P 500 chart. That’s a break out right there:
Weekly percent changes
Over the weekend Sentiment Trader shared…
“A near-record stretch of calm has ignited options traders’ desire to buy speculative call options.
Over the past 6 weeks, they’ve bought (to open) 70 million more contracts than they’ve sold (to close).
We’ve never seen this level of speculation before. Not even close.”
This from the NY Post…
The cow sh*tting on the trading floor was a metaphor for the end of the [human operated] Exchange — especially since the cow was there for a computer company.
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Tuesday, February 18, 2020:
2/19 January Producer Pricing Index (8:30 AM EST)
2/19 January Housing Starts (8:30 AM EST)
2/20 EIA Crude Oil Inventories (11:00 AM EST)
Here’s the full Economic Calendar provided by Briefing.
Another busy week of earnings ahead. Here’s Earnings Whispers’ great visual.
Be sure to know when your stocks are reporting. Here’s the full earnings calendar.