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Dow Jones Industrial Average Rebounds Ahead of Economic Data, Fed Speeches

KING and SEAS are bracing for a 20% post-earnings plunge

by 8/13/2014 8:16:17 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to bounce back, ahead of today's round of economic data and speeches from a pair of Federal Reserve officials. Specifically, updates on retail sales and business inventories are due, while New York Fed President William Dudley and Boston Fed President Eric Rosengren are both slated to take the podium ahead of the bell. Additionally, a handful of companies that reported earnings are making big moves in pre-market trading, including King Digital Entertainment PLC (NYSE:KING) and SeaWorld Entertainment Inc (NYSE:SEAS). Both stocks are bracing for a 20% plunge right out of the gate.

Plus, our Trading Topic of the Week -- Tips for Short-Term Trading: Make sure there aren't major volatility expectations priced in already. Use this simple tool to avoid overpaying for volatility, and keep your risk/reward profile out of "daredevil" territory.

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 73 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 809,947 call contracts traded on Tuesday, compared to 539,081 put contracts. The resultant single-session equity put/call ratio jumped to 0.67, while the 21-day moving average edged up to 0.66.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is 0.1% higher to trade at 81.61.
  • Crude oil is poised to continue yesterday's decline, down 0.1% at $96.37 per barrel.
  • Gold is 0.1% lower at $1,309.50 an ounce.
Currencies and commodities

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