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Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is on the mend this morning, with futures pointed higher. "Equities ended last week on a bloody note, and all three major indices closed beneath their respective year-to-date breakeven levels," noted Schaeffer's Senior Options Strategist Tony Venosa, CMT. "The DJI remains the big underperformer, down more than 4% in 2014."

In today's session, new home sales and the Dallas Fed's manufacturing survey are the sole economic reports being released; however, "Earnings season continues, with Caterpillar Inc. (NYSE:CAT) and Apple Inc. (NASDAQ:AAPL) among some of the big names reporting," continued Venosa. "Also, markets will be focused on Wednesday's release of the Federal Open Market Committee (FOMC) policy statement to see whether the central bank will continue to taper its asset-purchasing program." Ahead of the bell, CAT has tacked on 6.2%, following its stronger-than-expected fourth-quarter results.

Plus, our Trading Topic of the Week -- 5 Tips for Short-Term Trading: Target stocks poised for a big move. To reap big returns with a short-term trade, you need to single out stocks that make dramatic moves on a regular basis. Historical volatility and Bollinger Bands can offer important clues.

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 61 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,660,673 call contracts traded on Friday, compared to 1,146,225 put contracts. The resultant single-session put/call ratio rose to 0.69 -- its highest reading since Nov. 19 -- while the 21-day moving average remained at 0.54.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S dollar index is up a slight 0.04% ahead of the bell, with the greenback lingering near 80.49.
  • Elsewhere, crude oil is on pace to pare a portion of Friday's losses, with crude for March delivery 0.1% higher at $96.76 per barrel.
  • Gold futures, meanwhile, are flirting with a 0.04% drop in pre-market trading, with the front-month contract last seen at $1,264 an ounce.
Currencies and commodities

Earnings and Economic Data

The week's economic calendar kicks off with new home sales and the Dallas Fed's manufacturing survey. Meanwhile, earnings reports from CAT, AAPL, American Electric Power (AEP), Seagate Technology (STX), and U.S. Steel (X) will be released.

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