Earnings Weigh On Dow Jones Industrial Average; COMP Aims Higher

The VIX Signal So Rare It's Only Happened Twice

by Alex Eppstein

Published on Jul 21, 2015 at 9:29 AM
Updated on Jul 21, 2015 at 9:45 AM

The Dow Jones Industrial Average (DJIA) is pointed lower ahead of the bell, as traders are unhappy with the latest round of earnings. Specifically, blue chip International Business Machines Corp. (NYSE:IBM) reported disappointing results last night, weighing on the shares ahead of the bell. This morning, meanwhile, Dow components United Technologies Corporation (NYSE:UTX) and Verizon Communications Inc. (NYSE:VZ) are down on a reduced profit forecast and lackluster sales, respectively. Elsewhere, the Nasdaq Composite (COMP) is pointed higher, and could make a run at another all-time record.

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

 

And now, on to the numbers…

150721ov1

Futures on the Dow Jones Industrial Average (DJIA) are more than 46 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.03 million call contracts traded on Monday, compared to 579,921 put contracts. The resultant single-session equity put/call ratio inched up to 0.56, while the 21-day moving average held steady at 0.68.

150721ov2


150721ov3


Currencies and Commodities

  • The U.S. dollar index is down 0.2% at 97.84.
  • Crude oil has edged up a slim 0.04% at $50.46 per barrel.
  • Gold is extending its slide, off another 0.1% at $1,105.50 per ounce.

 

150721ov4

 

Earnings and Economic Data

 

There are no notable economic reports today. Apple Inc. (AAPL), Microsoft (MSFT), Travelers (TRV), GoPro Inc (GPRO), Yahoo! Inc. (YHOO), VMware (VMW), Chipotle Mexican Grill (CMG), Linear Technologies (LLTC), Intuitive Surgical (ISRG), Baker Hughes (BHI), Fifth Third Bancorp (FITB), Harley-Davidson (HOG), Lockheed Martin (LMT), Novartis AG (NVS), and TD Ameritrade (AMTD) are among the many names reporting. To see what else is on this week's docket, click here.

 

Overseas Trading

 

For a breakdown of today's trading in Asia and Europe, including a strong showing among Japanese airlines, read Overseas Trading: Asia Stocks Rally, Shrugging Off Commodity Slump.

 

 

Unusual Put and Call Activity

 

150721ov5


150721ov6

 

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements 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


Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
First Week in April Provides More Coronavirus-Related Volatility
A slew of coronavirus-related news sent markets on another weekly roller coaster ride
Netflix Stock Heading into Historically Bullish Quarter
NFLX's 10-day moving average has stepped up as support lately
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.