Schaeffer's 43rd Anniversary Stock Picks in 2024

Dow Jones Industrial Average Looks to Snap Slump as Eurogroup Meets

4 Signs of Hope for Long-Term Bulls

Jul 7, 2015 at 8:42 AM
facebook X logo linkedin

After two straight days of losses, the Dow Jones Industrial Average (DJIA) is fighting for a positive start this morning, with futures moving higher. This potentially strong start runs counter to the action overseas, where European equities remain derailed by Greece's financial situation, even as eurozone leaders meet today to discuss more options. Back on the home front, there are several economic reports slated for release today, ahead of the unofficial kick-off of second-quarter earnings season tomorrow. 


Continue reading for more on today's market, including:


And now, on to the numbers…


Futures on the Dow Jones Industrial Average (DJIA) are 53.4 points above fair value. 

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 689,268 call contracts traded on Monday, compared to 446,441 put contracts. The resultant single-session equity put/call ratio edged down to 0.65, while the 21-day moving average increased to 0.65.





Currencies and Commodities
  • The U.S. dollar index is up 0.7% at 96.94.
  • Crude oil is off 0.2% at $52.44 per barrel.
  • Gold is down 0.8% at $1,164.00 per ounce. 




Earnings and Economic Data


U.S. trade data is due out today, along with the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) and the Fed's monthly consumer credit report. The Container Store (TCS) and MSC Industrial (MSM) will report their quarterly results. To see what else is on this week's agenda, click here.


Overseas Trading


For a breakdown of today's trading in Asia and Europe, including a continued slide for Chinese equities, read Overseas Trading: Shanghai Stocks Back in Sell-Off Mode



Unusual Put and Call Activity






A.I.’s Dirty Little Secret: The Real Power Behind The AI. Boom ✨

Anyone who’s seen the The Matrix movies knows that A.I. needs power.  Lots and lots of power.

If you’ve seen the movie, you also know the grizzly results of the ensuing battle for that power.

Now, Wall Street’s battle for A.I. power won’t go to such extremes. Hopefully?

A.I. needs more power and that means more opportunities for stock traders in the know.

Download your free copy of “The A.I. Revolution: 4 Stocks to Buy Now”!