Schaeffer's Top Stock Picks for '25

Dow Jones Industrial Average Futures Slip; Nasdaq Set for New High

What Every Trader Needs to Know About LEAPS

Jul 17, 2015 at 8:34 AM
facebook X logo linkedin


Futures on the Dow Jones Industrial Average (DJIA) are lower this morning, as Wall Street looks toward updates on inflation, housing starts, and consumer sentiment -- on the heels of Fed Chair Janet Yellen's remarks Thursday on the central bank's rate-hike timeline -- along with earnings from blue chip General Electric Company (NYSE:GE). However, it appears as if the Nasdaq Composite (COMP) could steal the show -- with the tech-heavy index set to make history once again, thanks to a big earnings win for Google Inc (NASDAQ:GOOGL). Additionally, traders will keep one eye trained overseas, after Germany's parliament chimed in on Greece's bailout proposal.

 

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

 

 And now, on to the numbers…

150717ov1

Futures on the Dow Jones Industrial Average (DJIA) are more than 26 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 969,909 call contracts traded on Thursday, compared to 688,171 put contracts. The resultant single-session equity put/call ratio jumped to 0.71, while the 21-day moving average remained at 0.68.

150717OV1

150717OV2

Currencies and Commodities

  • The U.S. dollar index is down 0.1% at 97.59.
  • Crude oil is off 0.3% at $51.08 per barrel.
  • Gold is 0.1% lower at $1,143.20 per ounce.

 

150717ov4

 

Earnings and Economic Data

 

The week wraps up with the consumer price index (CPI), core CPI, housing starts, and the Thomson Reuters/University of Michigan consumer sentiment index. While several companies are releasing earnings -- including Honeywell (HON) -- all eyes will be on GE, with shares of the industrial conglomerate up 1.6% ahead of the bell. To see what's on next week's agenda, click here.

 

Overseas Trading

 

For a breakdown of today's trading in Asia and Europe, including Hong Kong's big week, read Overseas Trading: Europe Stocks Mixed as Germany Weighs In on Greece.

 

Unusual Put and Call Activity

 

150717OV6

 

150717OV7

 

 
 
 

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?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));