Dow Jones Industrial Average Futures Surge; Alcoa Earnings in Focus

What Alcoa's Move Today Means for the S&P; Plus, 3 China ETFs to Watch

Jul 9, 2015 at 8:47 AM
facebook X logo linkedin


Like yesterday, Dow Jones Industrial Average (DJIA) futures are tracking global markets. This time, however, it's to the upside, with the blue-chip barometer prepared for a triple-digit leap after stocks in China notched a significant turnaround. And, as always, traders are watching Greece. The country is expected to submit a plan for financial reforms to European leaders by the end of the day.

Aside from today's report on jobless claims, the economic docket the next two days is dominated by speeches from Federal Reserve leaders -- including Fed Chair Janet Yellen, who will speak in Cleveland tomorrow. Meanwhile, earnings bellwether Alcoa Inc (NYSE:AA) has been bouncing between positive and negative territory in electronic trading following its mixed second-quarter results, with the aluminum giant falling short on profits, but topping revenue estimates.

 

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

 

And now, on to the numbers…

150709Futures

Futures on the Dow Jones Industrial Average (DJIA) are 168.6 points above fair value. 

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 647,140 call contracts traded on Wednesday, compared to 560,924 put contracts. The resultant single-session equity put/call ratio jumped to 0.87 -- its second-highest mark of 2015 -- while the 21-day moving average moved up to 0.67.

150709OV1

150709OV2

 Currencies and Commodities

  • The U.S. dollar index has edged higher, adding 0.1% to 96.38.
  • Crude oil is up 3% at $53.18 per barrel. 
  • Gold is off 0.1% at $1,161.90 per ounce. 

 

150709Currencies

 

Earnings and Economic Data

 

Weekly jobless claims will be released today, as usual. Otherwise, Fed officials dominate the day's schedule, with speeches due out from Minneapolis Fed President Narayana Kocherlakota, Kansas City Fed President Esther George, and Fed Governor Lael Brainard.

Additionally, a handful of notable names are expected to report earnings -- including PepsiCo (PEP), Walgreens Boots Alliance (WBA), PriceSmart (PSMT), and Barracuda Networks (CUDA). 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 how Chinese stocks were able to turn things around, read Overseas Trading: Shanghai Composite Rallies as Regulators Crack Down on Selling

 

 

Unusual Put and Call Activity

 

150709OV6

 

150709OV7

 

 

 

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