Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Futures Decline Again

The S&P Levels to Watch Right Now

Jan 5, 2016 at 9:08 AM
facebook X logo linkedin


An ongoing downturn in Chinese stocks is once again weighing on Dow Jones Industrial Average (DJIA)​ futures, just a day after the blue-chip index suffered its worst start to the year since 2008. At home, with little to note on the calendar today (save for December auto sales), traders are turning their attention to the White House, where President Obama is expected to announce expanded gun control measures. On the commodity front, crude oil remains in focus, with February-dated futures up 0.4% to $36.91 per barrel amid a tense situation between Saudi Arabia and Iran.

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


160105ov

Futures on the Dow Jones Industrial Average (DJIA) are about 18 points below fair value.

5 Things You Need to Know Today

 

  1. A cash injection from the People's Bank of China (PBOC) failed to stop the bleeding on mainland markets.
  2. The Chicago Board Options Exchange (CBOE) saw 775,278 call contracts traded on Monday, compared to 618,316 put contracts. The resultant single-session equity put/call ratio jumped to 0.80, while the 21-day moving average edged up to 0.72. 
  3. Eli Lilly and Co (NYSE:LLY) -- fresh off a new partnership with Halozyme Therapeutics, Inc. (NASDAQ:HALO) -- downwardly revised its 2015 earnings estimate, and offered up 2016 profit and revenue forecasts that fell short of analyst estimates. LLY is trading 0.9% lower pre-market.
  4. Following in the footsteps of Facebook Inc (NASDAQ:FB), Netflix, Inc. (NASDAQ:NFLX) executives told Reuters the company plans to expand into India, with a formal announcement possible at this week's Consumer Electronics Show (CES). Ahead of the bell, NFLX is up 1.1%.
  5. With automakers attempting to push into the autonomous car market, NVIDIA Corporation (NASDAQ:NVDA) unveiled at CES a new super-computer designed specifically for self-driving vehicles, called the Drive PX 2. The chipmaker added that Volvo will be the first company to adopt the technology. Ahead of the open, NVDA is 1.8% higher.


160105OV_Buzz

Earnings and Economic Data

Automakers will be in focus today, with December auto sales slated for release. Sonic Corp (SONC) will step up to the earnings plate. To see what else is coming up on this week's agenda, click here​. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?