Dow Jones Industrial Average Futures Spin Wheels Ahead of Fed Decision

Should You Fade the Fed?

Sep 17, 2015 at 8:58 AM
facebook X logo linkedin

Futures on the Dow Jones Industrial Average (DJIA) are sitting below fair value, as traders gear up for the Federal Open Market Committee's (FOMC) rate decision. The much-hyped announcement is expected at 2 p.m. ET, followed by statements from Fed Chair Janet Yellen. Markets have been moving higher leading up to the event, but many on the Street are split on whether interest rates will be raised for the first time in roughly a decade. In the meantime, traders are digesting drops in both weekly jobless claims and August housing starts.


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


And now, on to the numbers…



Futures on the Dow Jones Industrial Average (DJIA) are roughly 7 points below fair value. 


5 Things You Need to Know Today


  1. Overseas benchmarks were mixed, amid pre-Fed caution and news of a major investigation in China
  2. The Chicago Board Options Exchange (CBOE) saw 760,840 call contracts traded on Wednesday, compared to 557,526 put contracts. The resultant single-session equity put/call ratio dropped to 0.73, while the 21-day moving average stayed at 0.78. 
  3. Fitbit Inc (NYSE:FIT), Under Armour Inc (NYSE:UA), and Anheuser Busch Inbev SA (ADR) (NYSE:BUD) were among the equities with unusual call and put activity on Wednesday. For the entire list, read Unusual Options Activity: FIT, UA, BUD, and MO
  4. Another M&A deal has gone down in the media sector. Cablevision Systems Corporation (NYSE:CVC) is being purchased by Netherlands-based Altice. The deal is reportedly worth $17.7 billion, or $34.90 per share. CVC is now poised to jump nearly 16% at the open. 
  5. Oracle Corporation (NYSE:ORCL) ​is set to take a dive a day after receiving some bullish attention on the Street, after the company released disappointing fiscal first-quarter numbers. Before the open, the shares are pointed 2.6% lower. 



Earnings and Economic Data


Housing starts are on the docket for today, as is the Philadelphia Fed's business outlook survey and weekly jobless claims. To see what else is coming up on this week's docket, click here.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI