Dow Jones Industrial Average Futures Fall as Crude Oil Slips

Following yesterday's rally, Dow Jones Industrial Average (DJIA) futures are headed lower as crude oil reverses course. At last check, April-dated crude futures are down 0.3% at $33.29 per barrel ahead of a key speech from Saudi Arabia oil minister Ali al-Naimi. Dow futures are also running into headwinds after Asian stocks struggled overnight, and despite an earnings beat from one blue-chip retailer.

• Schaeffer's Senior V.P. of Research Todd Salamone identifies the trendline SPY needs to take out in the short term. 
• Traders are betting on this e-tailer's first post-earnings rally ever. 
• How speculators bet on Gogo Inc (NASDAQ:GOGO) after a big legal win. 
• Plus... HSBC smacks stocks in China and Hong Kong, one miner bracing for sharp losses, and 2 retailers set to spike on earnings.
  

5 Things You Need to Know Today

1. Stocks in Asia reversed Monday's gains, thanks in part to a negative note from HSBC.
2. The Chicago Board Options Exchange (CBOE) saw 806,315 call contracts traded on Monday, compared to 463,986 put contracts. The resultant single-session equity put/call ratio fell to 0.58, while the 21-day moving average remained at 0.74.  
3. BHP Billiton Limited (ADR) (NYSE:BHP) is set to fall 2.3% at the open, after the mining magnate slashed its dividend for the first time in 15 years following a 92% drop in fiscal first-half profits. The company's $5.7 billion net loss in the six months ended Dec. 31 was worse than Wall Street had expected.
4. Retailer Macy's, Inc. (NYSE:M) is pointed 5.1% higher in pre-market trading, thanks to better-than-expected quarterly earnings and sales. A higher close today would represent the stock's first positive post-earnings session in more than a year.
5. Dow component Home Depot Inc (NYSE:HD) is also set to spike at the open, up 3.7% in electronic trading on an earnings beat and a $10 price-target hike to $145 at Morgan Stanley. Last night, HD shares closed at $122.85, just atop their 160-day moving average.

Earnings and Economic Data

Existing home sales and the S&P/Case-Shiller home price index will be released, as well as the Conference Board's latest consumer confidence stats. First Solar (FSLR), Avis Budget (CAR), BioCryst Pharmaceuticals (BCRX), Caesars Entertainment (CZR), Cracker Barrel (CBRL), Dreamworks Animation (DWA), Hecla Mining (HL), Jazz Pharmaceuticals (JAZZ), J.M. Smucker (SJM), Office Depot (ODP), Papa John's (PZZA), and Toll Brothers (TOL) are among the companies stepping into the earnings confessional. To see what else is coming up on this week's agenda, click here.