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January 24, 2017

Market Themes & Activity of the Day 1-24-17

Today’s Themes:

1. Equities woke up today as commodities and commodity (XME +3.1%) / material (XLB +2.6%) related stocks rallied. 

Home Builders (ITB +4%) caught a bid on good earnings (DHI +6.6%) and strong housing #’s

2.  The buying spread to Banks (KBE +1.7%) and Semis which were strong SMH +2.0%

3. Small Caps (IWM) also joined the party and caught fire to end +1.5%. This is a good sign considering their recent weakness.

4. Option flow picked up as well seeing a good amount of risk taking. 

5. Earnings will pick up for the rest of the week so buckle up!

 

Daily Market Themes & Activity
About Christian Fromhertz
Christian Fromhertz is the founder & CEO of The Tribeca Trade Group.

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