Speculation Rising

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:

S&P 5003,380+1.58%
Russell 20001,687+1.86%
Dow Jones29,398+1.02%

Weekly percent changes

Speculation Rising

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.”

How the Macho NYSE Trader Became an Endangered Species

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:

Economic Calendar:

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

Earnings Ahead:

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.