The Dow Jones Industrial Average (INDEXDJX:.DJI) is looking to end the year on a high note, with futures pointed higher ahead of the bell. Already in 2013, the blue-chip barometer has tacked on an impressive 26%. While there are celebrations to be had at the back end of the day, it's business as usual at the front, with reports on housing, manufacturing, and consumer confidence all on the day's docket.
Meanwhile, as Schaeffer's Senior Options Strategist Tony Venosa, CMT, notes, "Today is a full-day session, but markets will be closed tomorrow in observance of New Year's Day. We expect volatility and volume to be low. Also, the bond market will close early today."
Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are roughly 21 points north of breakeven.
The Chicago Board Options Exchange (CBOE) saw 1,029,930 call contracts traded on Monday, compared to 506,622 put contracts. The resultant single-session put/call ratio dropped to 0.49, while the 21-day moving average stayed at 0.55.
Currencies and Commodities
Earnings and Economic Data
On today's calendar are the S&P/Case-Shiller home price index, the Chicago purchasing managers index (PMI), and the Conference Board's consumer confidence index. There are no major earnings set for release.
Recent XIV Action May Bode Well for Bulls
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