Dow Kicking Off a Quiet Week Modestly Higher

Solid data out of Germany is helping to keep momentum alive

Nov 24, 2014 at 8:17 AM
facebook twitter linkedin

The Dow Jones Industrial Average (INDEXDJX:DJI) is set to kick off a holiday-shortened week with modest gains. Like stocks in Asia, U.S. equities are looking to ride Friday's surprise rate cut out of China to higher highs. In addition, solid data out of Germany is helping to keep the upside momentum alive, and overshadow a weaker-than-anticipated survey on global business confidence from Markit.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are about 29 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.58 million call contracts traded on Friday, compared to 771,664 put contracts. The resultant single-session equity put/call ratio fell to 0.49, while the 21-day moving average edged down to 0.60.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally lower at 88.23.
  • Crude oil is down 0.5% at $76.11 per barrel.
  • Gold has shed 0.4% to linger near $1,193.40 per ounce.
Currencies and commodities

Earnings and Economic Data

The Dallas Fed's manufacturing survey is the sole economic report on today's calendar. Palo Alto Networks (PANW), Qihoo 360 Technology (QIHU), Trina Solar (TSL), and Workday (WDAY) will present earnings.

Overseas Trading

Stocks in Asia extended Friday's advance, as traders continued to cheer China's surprise rate cut. The Shanghai Composite soared 1.9%, Hong Kong's Hang Seng rallied nearly 2%, and South Korea's Kospi edged 0.7% higher. Japanese markets were shuttered for holiday.

European benchmarks are mostly higher at midday, after German business climate data came in stronger than expected. At last check, Germany's DAX was 0.8% higher, while France's CAC 40 was flirting with a 1% gain. London's FTSE 100 was lagging its peers, down 0.04%.

Overseas markets

Unusual Put and Call Activity:

For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations.

Unusual options activity - puts

Unusual options activity - calls


If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial


Special Offers from Schaeffer's Trading Partners