The Dow Jones Industrial Average (INDEXDJX:DJI) is looking to start the week on a positive note, with futures pointed higher ahead of the bell. The financial sector will be a center point this week, as a handful of earnings reports from big banks are due out. Kicking things off will be Citigroup Inc (NYSE:C), which unveiled its second-quarter results not long ago. At last check, the blue-chip barometer was up more than 90 points in pre-market trading -- pulling the millennial 17K mark back into focus.
Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are more than 90 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.2 million call contracts traded on Friday, compared to 635,493 put contracts. The resultant single-session put/call ratio plunged to 0.54, while the 21-day moving average remained at 0.53.
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Earnings and Economic Data
There are no significant economic reports scheduled for today. However, C announced quarterly earnings.
The Case for Big Moves in IWM and QQQ
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