OptionsHouse

Options Trading News

December 11, 2012  Tue 7:19 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are higher today as investors hope for a deal in Washington and more easy money from the Federal Reserve. Investor data from Germany was also strong.

Futures on the S&P 500 rose by about one-quarter of 1 percent, following gains of a similar magnitude in Europe. Asian indexes were mixed overnight, and energy prices are higher.

Attention is focusing on the Fed's monetary announcement tomorrow afternoon, which is expected to include a fourth round of so-called quantitative easing. The Wall Street Journal also reported that lawmakers and the White House are making progress on budget talks to avoid sharp tax increases and spending cuts at year-end.

The news has been positive overseas as well, with German's Zew survey of investor confidence much higher than expected. That came one day after Chinese retail sales and industrial production exceeded forecasts. China and Germany have the world's second- and fourth-largest economies.

Foreign-exchange and commodity trading shows a trend toward risk appetite: The euro is modestly higher, and oil up by half a percent. The Japanese yen is also lower across the board, which is usually positive for stocks. Copper and silver are edging back from yesterday's gains, but most agricultural foodstuffs are modestly higher.

In company-specific news, Urban Outfitters is up about 7 percent in early trading after Goldman Sachs resumed coverage of the company with a neutral rating and a $42 price target. URBN closed at $37 yesterday.
Share this article with your friends


Related Stories

SPX

Stocks inch lower before key data

March 4, 2015

S&P 500 futures declined about 0.3 percent and are attempting to hold support at their mid-February highs. Europe is little-changed, and Asia was mostly lower overnight.

SPX

ADP labor report tops busy calendar

March 4, 2015

The employment number at 8:15 a.m. ET and is expected to show that 220,000 jobs were added in February. That would compare with growth of 213,000 in December.

SPX

Stocks hovering near record levels

March 3, 2015

S&P 500 futures are down about 0.1 percent, matching the small declines in Europe. Asia was mostly lower overnight as profit-takers knocked China down 2 percent. Oil is higher.

SPX

Earnings, autos lead quiet session

March 3, 2015

Today is the quietest session of the week, with nothing but earnings and monthly auto sales on the economic calendar.

SPX

Stocks edge lower before key data

March 2, 2015

S&P 500 futures are down 0.1 percent, while most of Europe is off about 0.5 percent. Asia was mostly higher overnight, bolstered by an interest-rate cut and Chinese manufacturing numbers.

Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

View more education articles »