Learn the trade here. Make it on tradeMONSTER

Options Trading News

January 10, 2013  Thu 7:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are climbing this morning on further signs of acceleration in China.

S&P 500 futures have been climbing in the last hour and are up about 0.4 percent at the time of this writing. Europe and Asia showed similar gains, led by Japan's Nikkei. Commodities are especially bullish.

Chinese exports rose 14.1 percent in December, almost triple the 5 percent growth forecast by economists. Central Bank data also showed strong loan growth, another sign of improvement in the world's No. 2 economy.

The S&P 500 has been trading in a narrow range for the last six sessions after rallying sharply on  on Dec. 31 and Jan. 2. Most of the economic news has remained positive during that time, punctuated by continued U.S. job growth and strong data from Asia.

The market is also preparing for the onset of corporate earnings season in the next month. The big question is whether investors will focus on potential negatives or the hope of better macro growth in coming quarters.

Foreign-exchange and commodities are painting a solidly bullish picture today, more than one might expect given the modest gains in equities.

All the normal "risk on" correlations are at work in the currency market, with the euro, Australian dollar and Canadian dollar higher, while the Japanese yen is down across the board. Oil and copper are up by more than 1 percent on the strong China data. Precious metals and most agricultural foodstuffs are also climbing.

In company-specific news, Tiffany is down 9 percent in early trading after warning that profit would be at the lower end of its expected range. Discount retailer PriceSmart is also likely to be active after first-quarter earnings beat forecasts. Fischer Communications is also up after announcing that it may put itself up for sale.
Share this article with your friends


Related Stories

SPX

Stocks remain lower after job data

October 1, 2014

S&P 500 futures are near their lows of the morning despite better-than-expected private-sector payroll gains. European markets are down more than half a percent.

SPX

ADP, ISM data dominate calendar

October 1, 2014

Today's big event comes at 8:15 a.m. ET when ADP announces private-sector payroll gains for September. The Institute for Supply Management's manufacturing index at 10 a.m. ET.

SPX

Futures higher ahead of key data

September 30, 2014

S&P 500 futures are up 0.36 percent, while the Nasdaq 100 is indicated higher by 0.6 percent. Europe rose as well, led by gains of about 1 percent in France, Spain, and Italy. Asia was mixed overnight.

SPX

Case-Shiller, consumer data on tap

September 30, 2014

Today's agenda brings a mix of items, including European inflation data, the Case-Shiller index of home prices, the Chicago Purchasing Managers Index, and consumer confidence.

SPX

Stocks lower ahead of busy week

September 29, 2014

S&P 500 futures are down 0.6 percent, similar to declines in Europe. Asia was mixed overnight, with Hong Kong falling almost 2 percent after fierce pro-democracy protests.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Options on Futures are Still Options

Education & Strategy

When to go in or out of the money

Some of our subscribers recently asked how to gauge positions that are in or out of the money, so I...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER