Dow Jones Industrial Average Poised to Snap Win Streak

Reports of a possible Ebola infection in Tokyo are dominating headlines

Dec 29, 2014 at 8:14 AM
facebook X logo linkedin


The Dow Jones Industrial Average (INDEXDJX:DJI) is positioned to open slightly lower, amid concerns over Greece's presidential election. Specifically, the European nation failed to identify a new head of state during third-round elections, pressuring the country's benchmark index nearly 11% south of breakeven at its intraday low. This pre-market action threatens to snap the Dow's seven-session win streak. Looking ahead, trading should continue to be light throughout this holiday-shortened week, with little in the way of earnings or economic data. Today, however, the Dallas Fed manufacturing survey is due out at 10:30 a.m. ET.

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 nearly 23 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 764,179 call contracts traded on Friday, compared to 421,432 put contracts. The resultant single-session equity put/call ratio fell to 0.55, while the 21-day moving average edged down to 0.64.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is down 0.1% at 89.95.
  • Crude oil has jumped 1.3% at $55.42 per barrel.
  • Gold has slipped 0.3% at $1,192.20 per ounce.
Currencies and commodities

Earnings and Economic Data

New Year's week kicks off with the Dallas Fed manufacturing survey. There are no notable earnings on tap.

Overseas Trading

Asian stocks ended mixed, with a possible Ebola infection in Tokyo dominating headlines. As a result, Japan's Nikkei -- which gained earlier in the session on an approved $29 billion stimulus package -- closed 0.5% lower. Elsewhere, China's Shanghai Composite gained 0.4% and hit a four-year intraday high, amid a rule change for loan-to-deposit ratios from the People's Bank of China. Meanwhile, Hong Kong's Hang Seng popped 1.8%, and South Korea's Kospi dropped 1%.

European bourses are mostly lower, as political uncertainty surrounding Greece's presidential election weighs on sentiment. France's CAC 40 and Germany's DAX are off 0.4% and 0.7%, respectively, while London's FTSE 100 is up a modest 0.2%.

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

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI