Futures on the Dow Jones Industrial Average (DJI) are pointed higher ahead of the bell, with the bulls looking to extend yesterday's upward momentum."Tuesday resumed with more subdued volatility, but the Dow managed to close above the 14,000 level, led by a strong financial sector," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "Today, markets will get to digest last night's State of the Union address, as well as retail sales for January."
Futures on the Dow Jones Industrial Average are 27 points above fair value.
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 925,067 call contracts traded on Tuesday, compared to 561,136 put contracts. The resultant single-session put/call ratio jumped to 0.61, while the 21-day moving average stayed at 0.65.
From the Trading Floor
"CBOE Market Volatility Index (VIX) options for February will expire today," Venosa noted. "Keep an eye out for possible market weakness, as there has been this tendency in the past."
Currencies and Commodities
Earnings and Economic Data
Retail sales for January hit the Street today, along with import/export prices, business inventories, and the regularly scheduled crude inventories report. Companies stepping up to the earnings plate include Cisco Systems (CSCO), Whole Foods Market (WFM), Applied Materials (AMAT), Avis Budget Group (CAR), Comcast (CMCSA), NetApp (NTAP), NVIDIA (NVDA), TripAdvisor (TRIP), Angie's List (ANGI), MEMC Electronic Materials (WFR), Deere & Co (DE), MetLife (MET), Zillow (Z), Duke Energy (DUK), Agnico-Eagle Mines (AEM), Dean Foods (DF), Weight Watchers (WTW), Equinix (EQIX), and Dr. Pepper Snapple Group (DPS).
Mid-Caps Nearing a Triple of March 2009 Lows
Featured Partners: AOL DailyFinance
© 2013 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.