Dow Jones Industrial Average Set to Snap Win Streak

Rare Black Monday Signal Flashing Again

Feb 17, 2017 at 12:02 PM
facebook twitter linkedin

The Dow Jones Industrial Average (DJIA) is trading lower, as traders take profits and stocks take a breather ahead of the upcoming holiday weekend. Financials and UnitedHealth Group Inc (NYSE:UNH) are weighing on the Dow, with the blue-chip index set to snap its six-day win streak. There's little in the way of economic data to digest, though the Conference Board's index of leading economic indicators rose at the fastest pace since mid-2015 in January, strengthening the growing case for a March rate hike from the Fed.  

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

  • The rare Black Monday signal that's flashing again.
  • Is it time to scoop up these 2 earnings losers?
  • Plus, a machinery stock setting the options pits on fire, a soaring cloud stock, and a cloud stock kicking rocks after earnings.

Midday Market Stats Feb 17

Among the stocks with unusual volume at midday is machinery stock Deere & Company (NYSE:DE), with call options trading at 11 times their average daily volume, after the company delivered an earnings win. DE is currently up 0.1% at $109.30, and earlier came within pennies of a record high. So far, more than 25,000 calls have crossed the line, as well as 20,000 put contracts. The June 110 call has seen the most action today, with nearly 6,000 contracts crossing so far, and at least some new positions opened. 

Cloud stock Arista Networks Inc (NYSE:ANET) is among the top performers on the New York Stock Exchange (NYSE) at midday. So far, ANET is up 18.8% at $118.97, and earlier tapped an all-time high of $119.15, following the company's impressive earnings win.

Among the worst performers on the NYSE is fellow cloud stock Amber Road Inc (NYSE:AMBR), which is trading 16.2% lower at $7.80, with the company's disappointing earnings report are weighing on the shares. AMBR is now down more than 35% from its November highs, and is currently trading below its formerly supportive 200-day moving average for the first time since May.

Amber Road Daily Price Chart

Don't miss the stock market's big finish. Sign up now for Schaeffer's Market Recap.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners