Dow Jones Industrial Average Futures Slip; Nasdaq Set for New High

What Every Trader Needs to Know About LEAPS

by Karee Venema

Published on Jul 17, 2015 at 8:34 AM
Updated on Jul 17, 2015 at 8:39 AM

Futures on the Dow Jones Industrial Average (DJIA) are lower this morning, as Wall Street looks toward updates on inflation, housing starts, and consumer sentiment -- on the heels of Fed Chair Janet Yellen's remarks Thursday on the central bank's rate-hike timeline -- along with earnings from blue chip General Electric Company (NYSE:GE). However, it appears as if the Nasdaq Composite (COMP) could steal the show -- with the tech-heavy index set to make history once again, thanks to a big earnings win for Google Inc (NASDAQ:GOOGL). Additionally, traders will keep one eye trained overseas, after Germany's parliament chimed in on Greece's bailout proposal.

 

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

 

 And now, on to the numbers…

150717ov1

Futures on the Dow Jones Industrial Average (DJIA) are more than 26 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 969,909 call contracts traded on Thursday, compared to 688,171 put contracts. The resultant single-session equity put/call ratio jumped to 0.71, while the 21-day moving average remained at 0.68.

150717OV1

150717OV2

Currencies and Commodities

  • The U.S. dollar index is down 0.1% at 97.59.
  • Crude oil is off 0.3% at $51.08 per barrel.
  • Gold is 0.1% lower at $1,143.20 per ounce.

 

150717ov4

 

Earnings and Economic Data

 

The week wraps up with the consumer price index (CPI), core CPI, housing starts, and the Thomson Reuters/University of Michigan consumer sentiment index. While several companies are releasing earnings -- including Honeywell (HON) -- all eyes will be on GE, with shares of the industrial conglomerate up 1.6% ahead of the bell. To see what's on next week's agenda, click here.

 

Overseas Trading

 

For a breakdown of today's trading in Asia and Europe, including Hong Kong's big week, read Overseas Trading: Europe Stocks Mixed as Germany Weighs In on Greece.

 

Unusual Put and Call Activity

 

150717OV6

 

150717OV7

 

 

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


3 Million to Lose Jobs – and Not Because of Coronavirus?
A terrifying new trend can make you a millionaire or destroy your financial future.
Wall Street Reclaims Two Key Trendlines This Week
U.S.-China tensions and dire economic data still weigh, though
Dell Stock Jumps on Upbeat First Quarter
DELL announced an upbeat first-quarter report
Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.