It's the calm before the storm, with the Dow Jones Industrial Average (DJI) sitting near breakeven ahead of today's surfeit of economic and earnings reports. "The homebuilding sector could get some attention today, with the latest housing starts and building permits data on the day's economic docket," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "Also, financials will continue to be in focus, as Bank of America (NYSE:BAC) and Citigroup (NYSE:C) release their respective earnings results."
Futures on the Dow Jones Industrial Average are hovering just below the flatline.
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 890,353 call contracts traded on Wednesday, compared to 670,859 put contracts. The resultant single-session put/call ratio jumped to 0.75, while the 21-day moving average rose to 0.65.
Currencies and Commodities
Earnings and Economic Data
The rush of economic data continues today with housing starts and building permits, the Philadelphia Fed's manufacturing index, and the regularly scheduled weekly jobless claims. Elsewhere, quarterly earnings reports are due out from American Express (AXP), BAC, Intel (INTC), UnitedHealth Group (UNH), BB&T (BBT), BlackRock (BLK), Capital One Financial (COF), C, Fastenal (FAST), FITB, Huntington Bancshares (HBAN), and PNC Financial (PNC).
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 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: email@example.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.