Real-Time Market Insights
Hot Stock News for Options Traders
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed solidly higher this morning, thanks to a round of strong earnings results from Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB). However, as Schaeffer's Senior Trading Analyst Bryan Sapp notes, "With all of the big tech earnings last night -- AAPL, FB, QUALCOMM, Inc. (NASDAQ:QCOM), Texas Instruments Incorporated (NASDAQ:TXN) -- the Nasdaq will be the index to watch today and tomorrow. The 3,600 mark on the Nasdaq-100 Index (NDX) is the site where the last rally failed, so bulls will want to see that level retaken. On the downside, 3,450 has acted as support three times since late January. Another retest of this level could get dicey." In pre-market trading, the NDX is eyeing a 57-point pop.

On the economic front, investors will turn their attention to the weekly jobless claims and the latest report on durable goods. Both updates are slated for release at 8:30 a.m. ET.

Plus, our Trading Topic of the Week -- 5 Reasons to Dodge Directional Risk: Capitalize on expected volatility spikes. There are several technical and sentiment indicators that can tell you whether a stock is on the verge of some major volatility -- including Bollinger Bands and high levels of short interest.

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 64 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,052,651 call contracts traded on Wednesday, compared to 728,528 put contracts. The resultant single-session put/call ratio jumped to 0.69, while the 21-day moving average stayed at 0.58.

NYSE and Nasdaq summary

Volatility indices

From the Trading Floor

"Despite the recent rally, sentiment remains in the gutter," said Sapp. "The new Investors Intelligence poll that came out yesterday showed the number of bearish advisors at a high for the year (21.7%)."

Currencies and Commodities

  • The U.S. dollar index is flirting with a 0.1% drop ahead of the bell, with the currency lingering near 79.81.
  • Elsewhere, crude oil is looking to erase yesterday's loss, with the commodity up 0.4% at $101.79 per barrel.
  • Gold, on the other hand, is pointed 0.9% lower, with the malleable metal last seen at $1,272.90 an ounce.
Currencies and commodities

Earnings and Economic Data

Today economic docket contains weekly jobless claims and the latest report on durable goods. 3M (MMM), Caterpillar (CAT), MSFT, Verizon Communications (VZ), Visa (V), AMZN, General Motors (GM), Pandora Media (P), Sirius XM Holdings (SIRI), Starbucks (SBUX), Aetna (AET), Baidu (BIDU), Broadcom (BRCM), Cirrus Logic (CRUS), D.R. Horton (DHI), Dunkin' Brands (DNKN), Edwards Lifesciences (EW), Eli Lilly (LLY), Freeport-McMoRan Copper & Gold (FCX), JetBlue Airways (JBLU), Las Vegas Sands (LVS), Lorillard (LO), NASDAQ OMX Group (NDAQ), Peabody Energy (BTU), Potash Corp./Saskatchewan (POT), PulteGroup (PHM), Southwest Airlines (LUV), SunPower (SPWR), Time Warner Cable (TWC), Under Armour (UA), United Parcel Service (UPS), and VeriSign (VRSN) will enter the earnings confessional.

Page 1Page 2
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 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: service@sir-inc.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.