The Dow is Eying a Triple-Digit Bounce; Fed on Tap

A terrorist shooting in Paris has claimed the lives of at least 12 people

Jan 7, 2015 at 8:20 AM
facebook X logo linkedin


Following two consecutive days of sharp losses, the Dow Jones Industrial Average (INDEXDJX:DJI) is signaling a triple-digit bounce this morning. A handful of market-moving events are on the day's docket, including updates on private-sector jobs and crude inventories, as well as the highly anticipated release of the minutes from the Federal Open Market Committee's (FOMC) latest meeting. Additionally, traders will be keeping one eye trained on Paris, where at least 12 people were killed in a terrorist attack overnight.

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 135 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.3 million call contracts traded on Tuesday, compared to 770,872 put contracts. The resultant single-session equity put/call ratio plunged to 0.59, while the 21-day moving average remained at 0.66.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.5% at 91.96.
  • Crude oil is on the mend, and was last seen 0.8% higher at $48.33 per barrel.
  • Gold, meanwhile, is down 0.5% at $1,213.30 per ounce.
Currencies and commodities

Earnings and Economic Data

ADP's national employment report, the FOMC's meeting minutes, the international trade balance, and weekly crude inventories come out today. Greenbrier (GBX), Monsanto (MON), and SUPERVALU (SVU) will unveil earnings.

Overseas Trading

Asian benchmarks settled in the green today. In China, the Shanghai Composite tacked on 0.7% amid a rally in airline and brokerage names, while Hong Kong's Hang Seng settled up 0.8%. Elsewhere, South Korea's Kospi added 0.1%, and Japan's Nikkei finished fractionally higher.

European markets are also up at midday, as a drop in the eurozone's inflation rate sparks speculation the European Central Bank (ECB) may announce a fresh set of stimulus measures. At last check, London's FTSE 100, the German DAX, and the French CAC 40 were all flirting with 1.1% gains.

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