Dow Jones Industrial Average Treks North as FOMC Kicks Off

Why These 3 Stocks Could Be in Trouble

Sep 16, 2015 at 12:14 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJIA) is muscling higher amid the kickoff of the Federal Open Market Committee (FOMC) two-day policy meeting, which will culminate in the most highly anticipated rate-hike decision in years. Meanwhile, traders are weighing an unexpected decline in consumer prices -- their first since January -- against a nearly 10-year high in homebuilder sentiment. Also, weekly crude stockpiles surprisingly dropped, sending liquid gold about 3% higher -- and helping energy stocks outperform the broader market.

 

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

 

150916mmc

Among the stocks with notable put volume is beer baron Anheuser Busch Inev SA (ADR) (NYSE:BUD), as the contracts are changing hands at nine times the normal intraday pace. New positions are being initiated at the out-of-the-money October 100 put, which is the equity's most popular strike. BUD was last seen 6.2% higher at $114.72 amid takeover talks.

 

The biggest gainer on the Nasdaq is Intra-Cellular Therapies Inc (NASDAQ:ITCI), following upbeat drug data. Shares of the drugmaker are nearly 74% higher at $45.40, and fresh off a record peak of $48.

150916itci

One of the worst performers on the Big Board is food pick-up platform GrubHub Inc (NYSE:GRUB), off 5.3% at $26.37. Pressuring the stock is a price-target cut to $25 from $30 at Cowen and Company, which is more of the same for the chronic underperformer.

The CBOE Volatility Index (VIX) is down 1.2 points, or 5.5%, at 21.30 -- on track for its lowest finish since Aug. 20.

 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.49, with puts outstripping calls. At last check, SPY is 1.2 points, or 0.6%, higher, at $199.66.

 

 

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