Dow Jones Industrial Average Eyes Weekly Loss Amid Retail, Oil Blues

Will the Fed Miss Its Rate-Hike Window?

Nov 13, 2015 at 12:20 PM
facebook X logo linkedin

On pace for another triple-digit drop, the Dow Jones Industrial Average's (DJIA) six-week win streak is on the verge of ending. The same goes for the Nasdaq Composite (COMP) and the S&P 500 Index (SPX), as underwhelming inflation and retail sales numbers, ongoing rate-hike speculation, and a handful of ugly earnings reports are suffocating stocks -- especially in the consumer discretionary sector. Not helping matters, crude is down another 2.7%, as its hovers right above the $40 level. 

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


  • This pharma name is booming after a hostile bid turned sour
  • Will the Fed miss its rate-hike 'window'? Schaeffer's contributor Adam Warner cuts through the noise. 
  • Plus ... Checking in on CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.


Among the stocks with notable call activity is online review site Yelp Inc (NYSE:YELP). The stock is 3.7% higher at $26.86, after receiving some bullish analyst attention. Apparently, option traders also foresee more upside ahead, with calls crossing at twice the average intraday pace. 

One of today's big winners on the Nasdaq is Horizon Pharma PLC (NASDAQ:HZNP), as it attempts to recover from Wednesday's sell-off. The stock has picked up 7.4% to sit at $18.92, and could be getting a boost on news that a patent for the company's delayed release tablets was approved. 

Conversely, one of the biggest losers on the Nasdaq is camera maker GoPro Inc (NASDAQ:GPRO). The shares have been getting rocked recently, and today have shed another 8.2% to sit $21.26, earlier touching an all-time low of $20.76. The equity's recent batch of option bears is likely pleased. 


The CBOE Volatility Index (VIX) is up 1.1 points, or 6.2%. 

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.78, with puts outpacing calls. The SPY was last seen 1.4 points, or 0.7%, lower at $203.48. 




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