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Dow Jones Industrial Average Eyes More Gains, Led by Home Depot

The DJI is on pace to extend Monday's bullish price action

by 8/19/2014 8:11:40 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is on pace to continue Monday's positive momentum, thanks to lingering optimism over last weekend's productive talks between Russia and Ukraine. The Home Depot, Inc. (NYSE:HD) is also contributing to the bullish mood, with the retailer up more than 3% ahead of the bell following a stronger-than-forecast earnings report. Later this morning, traders will turn their attention to consumer inflation figures, which could offer clues to the Fed's future rate-hike plans.

Plus, our Trading Topic of the Week -- Reasons to Dodge Directional Risk: Lower the risk of a 100% loss. When you're playing straddles, at least one of your options will typically expire with some intrinsic value remaining.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are more than 31 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.10 million call contracts traded on Monday, compared to 553,213 put contracts. The resultant single-session equity put/call ratio tumbled to 0.50, while the 21-day moving average remained at 0.65.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is slightly higher this morning, up 0.2% at 81.71.
  • Crude oil is also on the rise, adding 0.5% to $94.25 per barrel.
  • Gold, meanwhile, has tacked on 0.2% to $1,302.00 per ounce.
Currencies and commodities

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