Dow Signals a Potentially Choppy Start on Jobs Day

A cooling yen helped send Japan's Nikkei to a fresh 15-year high

Mar 6, 2015 at 8:18 AM
facebook twitter linkedin

After snapping its recent losing streak Thursday on the back of some well-received news from overseas, the Dow Jones Industrial Average (INDEXDJX:DJI) is treading lightly this morning. Traders are taking a wait-and-see approach to the Labor Department's nonfarm payrolls report -- due out at 8:30 a.m. ET. Also on today's docket is an update on international trade data. Meanwhile, financial firms could garner their fair share of attention, after the Federal Reserve released the first round of results from its annual stress tests last night.

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 roughly 2 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 916,597 call contracts traded on Thursday, compared to 588,088 put contracts. The resultant single-session equity put/call ratio rose to 0.64, while the 21-day moving average edged up to 0.62.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is 0.4% higher at 96.76.
  • Crude oil is on pace to pare a portion of yesterday's losses, up 0.6% at $51.07 per barrel.
  • Gold, meanwhile, is down 0.1% at $1,195.30 per ounce.
Currencies and commodities

Earnings and Economic Data

The week closes out with the highly anticipated nonfarm payrolls report, as well as international trade data. Foot Locker (FL) and Staples (SPLS) will take their turn on the earnings stage. To see what's on next week's agenda, click here.

Overseas Trading

Asian benchmarks finished on both sides of breakeven, ahead of today's highly anticipated U.S. jobs report. In Japan, the Nikkei jumped 1.2% -- after hitting a new 15-year peak -- as a cooling yen buoyed exporters. South Korea's Kospi, meanwhile, tacked on 0.7% to settle at its highest perch in five months, thanks to a rally in tech and auto names. Elsewhere, China's Shanghai Composite gave back 0.2% amid continued concerns over the country's lackluster growth forecast, while Hong Kong's Hang Seng lost 0.1%.

European benchmarks are mixed at midday, as traders await an update on employment out of the U.S. At last check, the French CAC 40 and the German DAX are both flirting with 0.2% gains, while London's FTSE 100 is off 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


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