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Dow Jones Industrial Average Futures Surge 90 Points on Ukraine Progress

The DJI is on track to start the week with a jump into positive territory

by 8/18/2014 8:17:12 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed sharply higher ahead of the bell, with traders breathing a sigh of relief after productive weekend talks between Ukraine and Russia. While the two sides have not yet agreed to a cease-fire, foreign ministers from the two countries met in Berlin, with Ukraine ultimately agreeing to allow a Russian aid convoy across the border. Meanwhile, here at home, Family Dollar Stores, Inc. (NYSE:FDO) has rallied 4.6% in pre-market action, after Dollar General Corp. (NYSE:DG) formally offered $78.50 per share to acquire the chain. The bid tops an existing $74.50-per-share overture from Dollar Tree, Inc. (NASDAQ:DLTR). Against this backdrop, the Dow is set to start the week on a high note.

Plus, our Trading Topic of the Week -- Reasons to Dodge Directional Risk: Increase the odds of a winning trade. All other things being equal, a straddle is more likely to end up a winner than an at-the-money call or put -- the strategy boasts a 42% win rate, compared to roughly 34% for a directional play.

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 90 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.35 million call contracts traded on Friday, compared to 855,030 put contracts. The resultant single-session equity put/call ratio rose to 0.63, while the 21-day moving average held at 0.65.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally higher this morning at 81.44.
  • Crude oil has tumbled 0.9% to trade at $94.44 per barrel.
  • Gold is also in the red, off 0.3% at $1,301.80 per ounce.
Currencies and commodities

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