Dow Jones Industrial Average Set to Slide; Q1 Gains at Risk

The Dow is ready to give back some of yesterday's big gains

Mar 31, 2015 at 8:35 AM
facebook X logo linkedin


U.S. stocks are prepared to backpedal after yesterday's triple-digit victory. Futures on the Dow Jones Industrial Average (DJIA) are signaling a sizable dip, as traders take their cues from bearish action overseas on the last day of the first quarter -- putting the blue-chip index's slim quarterly gains at risk. A number of key economic indicators make up today's schedule, with the S&P/Case-Shiller home price index, Chicago purchasing managers index (PMI), and consumer confidence all slated for release. Additionally, no fewer than three regional Fed presidents are slated to deliver speeches today, which investors will watch carefully for clues of future policy moves.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (DJIA) are roughly 96 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 794,197 call contracts traded on Monday, compared to 419,926 put contracts. The resultant single-session equity put/call ratio plummeted to 0.53, while the 21-day moving average dropped to 0.65.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is up 0.5% at 98.47.
  • Crude oil is down 2.2% at $47.61 per barrel.
  • Gold is off 0.1% at $1,184.10 per ounce.
Currencies and commodities

Earnings and Economic Data

The S&P/Case-Shiller home price index is due out today, plus the Chicago PMI, and Conference Board's latest consumer confidence index. There will also be speeches from Cleveland Fed President Loretta Mester, Kansas City Fed President Esther George, and Richmond Fed President Jeffrey Lacker. Conn's (CONN) and Real Goods Solar (RGSE) will release earnings reports. To see what else is on this week's agenda, click here.

Overseas Trading

Asian equities were mixed after yesterday's surge, with some traders taking profits off the table. China's Shanghai Composite and Japan's Nikkei each pulled back 1%, with South Korea's Kospi and Hong Kong's Hang Seng gaining 0.5% and 0.2%, respectively.

In Europe, stocks are tumbling, with indexes lower across the board after a round of economic data -- including a slower pace of deflation in March, which raised questions as to whether the central bank will stay the course with its long-term stimulus plans. London's FTSE 100 is pacing the losers with a 1.2% decline, with Germany's DAX falling 0.9% and France's CAC 40 losing 0.7%.

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