Dow Jones Industrial Average Looks for 7th Straight Win

The International Council of Shopping Centers said holiday shopping was strong

Dec 26, 2014 at 8:26 AM
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The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed higher, putting the blue-chip index on pace for its seventh consecutive daily win. While there is nothing to expect today in the way of earnings reports or economic data, traders may want to watch retail stocks, after the International Council of Shopping Centers reported the best holiday season sales growth since 2011. Elsewhere, Tesla Motors Inc (NASDAQ:TSLA) is in focus, as investors await news regarding an upgrade to the automaker's Roadster model.

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 nearly 58 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 465,330 call contracts traded in Wednesday's holiday-shortened session, compared to 279,144 put contracts. The resultant single-session equity put/call ratio rose to 0.60, while the 21-day moving average edged up to 0.65.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.1% at 89.98.
  • Crude oil has tacked on 0.9% at $56.36 per barrel.
  • Gold has popped 2% at $1,196.40 per ounce.
Currencies and commodities

Earnings and Economic Data

Today's economic and earnings calendars are empty.

Overseas Trading

Asian bourses mostly rose in light post-Christmas trading, despite Japan posting an unexpected drop in industrial output and its fourth straight monthly decline in inflation. At the close, Japan's Nikkei was up 0.06%. Elsewhere, China's Shanghai Composite soared 2.8%, with financial stocks advancing following news that authorities will ease liquidity requirements for banks. Meanwhile, South Korea's Kospi added 0.1%, while Hong Kong's Hang Seng remained shuttered.

Most European benchmarks are closed today due to the Christmas holiday.

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

 

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