Weekly Charts Updated

Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and LQD. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.

 This week we are showing the Russell 2000 which remains in the red for the ninth week in a row. A pretty strong call so far.

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Constellation Brands (STZ)

Constellation Brands (STZ) will report earnings Thursday morning with estimates of $1.15 versus $0.96. Despite the growth, the stock has run into a wall.

 stz

Options Activity By Volume

Options Activity By Volume

We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers.Transocean Ltd (RIG) saw heavy volume and put action and no news of note. We have been noting for weeks the excess put action. Dow Chemical (DOW) saw unusual call action. Yesterday the rumors flew that Saudi Aramco might bid for Dow but today saw call buyers run for the hills.

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The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volumed

Global Payments (GPN)

Global Payments (GPN) will report earnings Thursday before the open. There is little upside.

 gpn

Options Activity

Options Activity By Volume

 We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers.Weatherford (WFT) saw heavy volume and put action and no news of note. Teekay Corporation (TK) saw unusual call action. The company held its investors day and obviously investors like what they heard. Deutsche Bank also upgraded the stock.

 [Image 1]

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The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volumed

Portfolio Update

The S&P 500 has dropped since our last update. The Nasdaq Composite fell for the second time in six weeks. The portfolio is now 67% invested long, 0% short and 33% in cash, net long 67%. We are now at a value of 843.01% from 842.17% last Tuesday.

It appears for the time being that 2000 on the S&P 500 has become resistance.

Remember these returns are total returns with the average change for all winners and losers is 7.77% per idea. Our batting average of closed winners and losers is 70%. The portfolio is up 843.01% and from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 110.61 points or 15.10%. The performance on the Uncommon Wisdom Daily Portfolio Tracker is a bit higher due to dividends which they add in. We have never added in dividends so our weekly results are understated since 2008.

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CVS Healthcare (CVS)

Tuesday will see Walgreen’s (WAG) report earnings. We thought it would be helpful to look at competitor CVS Healthcare (CVS). It is fairly valued and then some.

cvs

Gold & Energy Options Trader

Options Activity By Volume

We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers.Yamana Gold (AUY) saw heavy volume and put action and no news of note. Canadian Natural Resources (CNQ)saw unusual call action. There was an upgrade to the stock last Friday.

 [Image 1]

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The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volumed

The Week Ahead

1.Geopolitical and Fiscal Events Monday sees Chicago Federal Reserve President Evans speaks at 9:30 a.m. EDT. Thursday sees the ECB announce its latest interest rate decision and ECB Head Draghi speaks. Friday sees St. Louis Federal Reserve President Bullard speak at 6:30 p.m. EDT.

2.Economic Releases. Releases of note this week other than the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims include personal income, Chicago PMI, consumer confidence, construction spending, factory orders, nonfarm payrolls and unemployment report.

3.Earnings Releases. Notable releases include (in order of day’s reporting with Monday first and Friday last CTAS SNX WAG EDMC AYI AZZ STZ MKC GPN ATU among others companies as we continue Q1 earnings. See the earnings section.

Synnex Corp (SNX)

Synnex Corp (SNX) will report earnings after the close. Estimates are $1.48 versus $1.24 a year ago. The stock is close to its price target and upside is limited.

 snx