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Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are in the red, after International Business Machines Corp.'s (NYSE:IBM) top-line miss and tepid forecast have the shares pointed lower this morning. With a bare economic calendar, quarterly reports will be the focus of conversation today. In addition to IBM, fellow blue chip United Technologies Corporation (NYSE:UTX) unveiled its fourth-quarter results ahead of the bell.

Meanwhile, "A snowstorm moving across the Midwest into the East Coast may have been responsible for lower-than-average volume on Tuesday, which may have increased the intraday volatility we witnessed," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "Going forward, keep an eye on the SPDR S&P 500 ETF Trust's (NYSEARCA:SPY) 184 and 185 levels. Peak call open interest for the February series resides at these strikes, and may act as headwinds for any further advancement in shares."

Plus, our Trading Topic of the Week -- Trading Stock Trends: Confirm that there are still some skeptics on the sidelines. A solid uptrend is certainly impressive to look at, but a pretty chart alone doesn't guarantee a profitable trade. After all, a rally looks best right at the top.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are about 22 points below breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,492,797 call contracts traded on Tuesday, compared to 857,055 put contracts. The resultant single-session put/call ratio jumped to 0.57, while the 21-day moving average rose to 0.53.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index is sitting just below breakeven this morning, with the greenback last seen at 81.10.
  • Elsewhere, crude oil has tacked on 0.4% ahead of the bell to trade at $95.37 per barrel.
  • Gold futures, meanwhile, are flirting with a 0.1% loss in pre-market trading, with the front-month contract lingering near $1,241.10 an ounce.
Currencies and commodities

Earnings and Economic Data

There are no economic reports scheduled for today. UTX, Netflix (NFLX), Abbott Laboratories (ABT), ADTRAN (ADTN), Coach (COH), eBay (EBAY), F5 Networks (FFIV), Freeport-McMoRan Copper & Gold (FCX), Fusion-IO (FIO), General Dynamics (GD), Norfolk Southern (NSC), Northern Trust (NTRS), Parker-Hannifin (PH), Progressive (PGR), SanDisk (SNDK), St. Jude Medical (STJ), U.S. Bancorp (USB), and Western Digital (WDC) are slated to report earnings.

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