Dow Jones Industrial Average Futures Dip on GDP Miss

The Next Social Media Earnings Disaster?

Jul 30, 2015 at 8:52 AM
facebook X logo linkedin


Futures on the Dow Jones Industrial Average (DJIA) are suggesting a negative start, with the advance reading on second-quarter gross domestic product (GDP) showing a smaller-than-forecast rise of 2.3% -- though the first-quarter number was upwardly revised to 0.6%, compared to the previously reported contraction of 0.2%. Traders will also have weekly jobless claims to consider after last week's sudden drop-off, while also deciphering yesterday's Federal Open Market Committee (FOMC) decision. And, of course, it'll be another busy day for earnings

 

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

 

And now, on to the numbers…

150730Futures

Futures on the Dow Jones Industrial Average (DJIA) are 18.4 points below fair value. 


Market Statistics

The Chicago Board Options Exchange (CBOE) saw 895,660 call contracts traded on Wednesday, compared to 559,486 put contracts. The resultant single-session equity put/call ratio stayed at 0.62, while the 21-day moving average moved lower to 0.68.

150730ov2

150730ov3

 

Currencies and Commodities

  • The U.S. dollar index is up 0.4% at 97.32.
  • Crude oil has gained 0.5% at $49.03 per barrel. 
  • Gold is down 0.7% at $1,085.20 per ounce. 

 

150730currencies

 

Earnings and Economic Data

 

In addition to GDP and jobless claims, traders will also be watching earnings reports from Procter & Gamble (PG)LinkedIn (LNKD)FireEye (FEYE)Alcatel Lucent (ALU), Amgen (AMGN), AstraZeneca (AZN), Avon Products (AVP), Colgate-Palmolive (CL), ConocoPhillips (COP), Crocs (CROX), Delphi Automotive (DLPH), Deckers Outdoor (DECK), Eldorado Gold (EGO), Electronic Arts (EA), Fiat Chrysler (FCAU), Goldcorp (GG), Marathon Petroleum (MPC), Mondelez International (MDLZ), Monster Worldwide (MWW), Outerwall (OUTR), Pitney Bowes (PBI), Sealed Air (SEE), Sony (SNE), Stanley Black & Decker (SWK), Starwood Hotels (HOT), Steven Madden (SHOO), Teva Pharmaceutical Industries (TEVA), T-Mobile US (TMUS), Valero Energy (VLO), Virgin America (VA), VIVUS (VVUS), World Wrestling Entertainment (WWE), Yamana Gold (AUY), and Yandex NV (YNDX). 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 why stocks fell apart in China, read Overseas Trading: Shanghai Slips As Banks Eye Equity Exposure

 

 

Unusual Put and Call Activity

 

150730ov6

 

150730ov7

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI