Dow Jones Industrial Average Pushes for a Win

The Bullish (Yet Volatile) Implications of This Dow Signal

Sep 10, 2015 at 11:56 AM
facebook X logo linkedin


After a slow start, the Dow Jones Industrial Average (DJIA) has turned north, and at one point was flirting with at triple-digit lead. It appears traders have brushed off a pair of disappointing economic reports from overseas, and have focused instead on the raft of domestic data points hitting the Street ahead of next week's will-they-or-won't-they Fed meeting. Additionally, a pop in commodities has helped boost investor sentiment, with October-dated crude up 2% at $45.03 per barrel.

 

Continue reading for more on today's market -- and don't miss:

 


150910mmc


Among the stocks with notable put volume is electronic data storage specialist Seagate Technology PLC (NASDAQ:STX), with the contracts crossing the tape at three times the average intraday pace. The stock is down 1.6% at $49.31, after announcing a round of cost-cutting measures, and speculators appear to be buying to open STX's September 50 put.

 

One of the top gainers on the Big Board is cybersecurity firm Palo Alto Networks Inc (NYSE:PANW). The security has soared 8.1% to trade at $178.30, after its solid earnings report and outlook was met with applause from analysts. PANW has now extended its year-to-date lead to 45%, and appears poised to close above its 60-day moving average for the first time since Aug. 5.

150910panw

 

Coffee and tea concern Farmer Brothers Co. (NASDAQ:FARM) is one of the leading advancers on the Nasdaq, up 25.2% at $26.67, after the company unveiled its fiscal fourth-quarter earnings last night. The shares could also be getting a boost from short sellers, considering short interest accounts for 8% of the equity's float -- or 11.4 days' worth of pent-up buying demand.

 

The CBOE Volatility Index (VIX) is down 0.1 point, or 0.5%, at 26.10.

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 2.14, with puts more than doubling calls. SPY is up 0.2 point, or 0.1%, at $194.95.

 

 

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