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Hot Stock News for Options Traders

Dow Jones Industrial Average Looks to Extend Rebound

A cooling yen helped Japan's Nikkei bounce back in a big way

by 8/11/2014 8:15:57 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to extend Friday's pop, as Wall Street continues to cheer easing geopolitical concerns. While President Obama cautioned that there is no "quick fix" to the crisis in Iraq, Egypt on Sunday brokered another 72-hour ceasefire in Gaza, and tensions continue to ebb along the Russia-Ukraine border. Meanwhile, Fed Vice Chair Stanley Fischer this morning said the global economic recovery has been disappointing, bolstering hopes that the central bank will maintain the status quo on monetary policy for longer than expected.

Plus, our Trading Topic of the Week -- Tips for Short-Term Trading: Target stocks poised for a big move. To reap big returns with a short-term trade, you need to single out stocks that make dramatic moves on a regular basis. Historical volatility and Bollinger Bands can offer important clues.

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 about 44 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 908,680 call contracts traded on Friday, compared to 594,034 put contracts. The resultant single-session equity put/call ratio remained at 0.65, while the 21-day moving average edged higher to 0.65.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally higher at 81.44.
  • Crude oil is pointed 0.2% higher at $97.85 per barrel.
  • Gold is fractionally higher at $1,310.50 an ounce.
Currencies and commodities

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