Dow Jones Industrial Average Futures Fall; Crude Oil Keeps Climbing

Why Traders Should Brace for Big Stock Moves

Mar 8, 2016 at 9:05 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) is at risk of snapping its recent winning streak today, with Dow futures trading below fair value. Disappointing data out of China is weighing on stocks, and is overshadowing an extended rise for oil prices. Specifically, April-dated crude futures are up 0.9% at $38.24 per barrel, despite Goldman Sachs warning in an early research note this morning that a "sustainable rally" in crude oil is "still months away."

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

  • Why traders should brace for big stock moves ahead, according to Schaeffer's Senior VP of Research Todd Salamone.
  • It's a fire sale on Whole Foods Market, Inc. (NASDAQ:WFM) options.
  • What sent option traders scrambling to this red-hot energy stock?
  • Plus... the Chinese data smacking mining stocks, Sunedison gets snubbed, and Shake Shack braces for a steep plunge.


Futures on the Dow Jones Industrial Average (DJIA) are nearly 62 points below fair value.

5 Things You Need to Know Today


  1. European stocks are lower at midday following bleak news out of China, despite an encouraging read on Germany's industrial output.
  2. The Chicago Board Options Exchange (CBOE) saw 766,497 million call contracts traded on Monday, compared to 513,072 put contracts. The resultant single-session equity put/call ratio jumped to 0.67, while the 21-day moving average fell to 0.72.  
  3. Shares of Sunedison Inc (NYSE:SUNE) are up nearly 27% in electronic trading, following news Vivint Solar Inc (NYSE:VSLR) has ended its $2.2 billion cash-and-stock merger deal with the solar energy company. SUNE had made legal headway in its merger plans of late, but VSLR said the firm failed to provide current financial statements -- a "willful breach" of the contract.
  4. Shake Shack Inc (NYSE:SHAK) is bracing for a 9.2% drop out of the gate -- so far, a smaller move than the options market was anticipating -- after the burger chain said same-store sales grew at their slowest pace in almost a year last quarter and forecast lower-than-expected full-year revenue. SHAK was also hit with a price-target cut to $40 from $48 at Barclays.
  5. Urban Outfitters, Inc. (NASDAQ:URBN) is just the latest specialty retailer to turn in a strong quarterly earnings report -- sending the shares up 8% ahead of the bell. The Anthropologie owner's fourth-quarter profit arrived above estimates, while the stock received a bevy of bullish brokerage attention overnight.

OV buzz stocks 0308

Earnings and Economic Data

There are no notable economic reports due out on today. Sunedison Semiconductor (SEMI) is slated to report earnings. To see what else is on this week's agenda, 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