Dow Jones Industrial Average Looks to Snap Slump as Eurogroup Meets

4 Signs of Hope for Long-Term Bulls

Josh Selway

Jul 7, 2015 at 8:42 AM

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:

Even amid short-term noise, Schaeffer's Senior VP of Research Todd Salamone highlights 4 reasons bulls should be hopeful.
Despite a rally in Shanghai, these 6 China-based equities got demolished yesterday.
GoPro Inc (NASDAQ:GPRO) wasn't the only high-profile security to end lower despite a major announcement.

And now, on to the numbers…

150707Futures

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.

150707OV1

150707OV2

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.

150707Currencies

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

150707OV6

150707OV7

Follow @Schaeffers

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*