Greenback Slams Dow Jones Industrial Average; Crude Slips on IEA

The IEA warned that oil prices remain unstable

Mar 13, 2015 at 11:59 AM
facebook X logo linkedin

A rebound in the dollar has the Dow Jones Industrial Average (INDEXDJX:DJI) once again staring at a triple-digit intraday deficit -- and sitting in the red for 2015. Gains in the greenback are also weighing on crude, which was last seen 4% lower amid the International Energy Agency's (IEA) predictions of a global supply glut and price instability. On the economic front, the producer price index (PPI) posted a surprise drop in February, while the preliminary March reading of the Thomson Reuters/University of Michigan consumer sentiment index pulled back from the prior month.

Continue reading for more on today's market -- and don't miss:

Midday Market Stats

Among the stocks with notable call volume is Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), with the contracts crossing at 18 times what's expected at this point in the day. Seeing the most attention is the March 160 call, where data from the International Securities Exchange (ISE) suggests a mix of opening and closing activity. At last check, shares of the beauty retailer were up 3.5% at $149.86, and fresh off a record peak of $156.

For more midday statistics and stocks on the move, head to page 2.

Herbalife Ltd. (NYSE:HLF) is the biggest gainer on the Big Board, buoyed by a possible FBI investigation into affiliates of Pershing Square Capital Management LP for allegedly trying to manipulate the stock. The hedge fund is run by Bill Ackman, a longtime critic of HLF. At last check, shares of the nutritional supplements marketer were 12.7% higher at $37.45.

Restaurant chain El Pollo Loco Holdings Inc (NASDAQ:LOCO) is among the Nasdaq's notable advancers, tacking on 12% to trade at $26.88 -- and bringing the stock's year-to-date lead to nearly 35%. Providing the equity with a lift are its latest quarterly results, which surpassed expectations.

Daily Chart of LOCO Since January 2015

The CBOE Volatility Index (VIX) has added 1.3 points, or 8.4%, at 16.72, after falling below 16 yesterday.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.19, with puts more than doubling calls. SPY was last seen 2.1 points, or 1%, lower at $204.97.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI