Dow Jones Industrial Average On Edge With Fed, GDP in Focus

2 Warning Signs for Bulls

Apr 29, 2015 at 8:31 AM
facebook X logo linkedin

After a choppy session on Tuesday, futures on the Dow Jones Industrial Average (DJIA) are pointed lower ahead of the bell. Volatility could pick up steam as the day wears on, with a handful of market-moving events scheduled for release -- including the advance reading on first-quarter gross domestic product (GDP) and the Federal Open Market Committee's (FOMC) policy decision. Speaking of volatility, Twitter Inc (NYSE:TWTR) is down 2% in electronic trading, after plunging 18.2% yesterday afternoon following an early release of the firm's first-quarter earnings.

And now, on to the numbers...


Futures on the Dow Jones Industrial Average (DJIA) are more than 19 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.1 million call contracts traded on Tuesday, compared to 714,654 put contracts. The resultant single-session equity put/call ratio edged down to 0.64, while the 21-day moving average remained at 0.63.



Currencies and Commodities

  • The U.S. dollar index is 0.1% lower at 95.98.
  • Ahead of today's weekly inventories update, crude oil is off 0.6% at $56.73 per barrel.
  • Gold, meanwhile, is down 0.5% at $1,207.40 per ounce.


Earnings and Economic Data

Today's packed economic docket includes the FOMC policy announcement, the advance reading on first-quarter GDP, pending home sales, and the weekly crude inventories update. Baidu (BIDU), Anthem (ANTM), Fiat Chrysler (FCAU), Garmin (GRMN), Glu Mobile (GLUU), GrubHub (GRUB), Hess (HES), Hologic (HOLX), Humana (HUM), Level 3 Communications (LVLT), Linn Energy (LINE), Lumber Liquidators (LL), Marriott (MAR), MasterCard (MA), Meritor (MTOR), Norfolk Southern (NSC), Northrop Grumman (NOC), NXP Semiconductors (NXPI), Shutterfly (SFLY), Spirit Airlines (SAVE), Starwood Hotels (HOT), Suncor Energy (SU), Time Warner (TWX), Valeant Pharmaceuticals (VRX), Vertex Pharmaceuticals (VRTX), Waste Management (WM), Whiting Petroleum Corp (WLL), and Yelp (YELP) will take their turn in the earnings limelight. To see what else is on this week's agenda, click here.

Overseas Trading

Asian markets finished mostly lower, as caution set in ahead of today's policy decision from the FOMC. Both South Korea's Kospi and Hong Kong's Hang Seng gave back 0.2%, while China's Shanghai Composite closed fractionally higher, amid a flurry of reports about the central bank's Pledged Supplementary Lending program. Markets in Japan were shuttered for holiday.

European benchmarks are in the red at midday, as traders digest the latest round of corporate earnings reports and a disappointing bond auction in Germany. At last check, the French CAC 40 is off 0.5%, while London's FTSE 100 and the German DAX are both 0.3% lower.​


Unusual Put and Call Activity

Due to technical issues, the Unusual Put and Call Activity charts are unavailable today. We apologize for any inconvenience.


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