Learn the trade here. Make it on tradeMONSTER

Options Trading News

September 25, 2012  Tue 7:07 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. stocks are indicated to open higher amid positive momentum and as investors look past negative headlines and anticipate good news from Europe.

The S&P 500 is up about 0.1 percent in pre-market trading, continuing its consolidation in a tight range for more than a week. The index has been steadily drifting higher since the beginning of the summer but has remained above its 10-day moving average for most of September.

Overseas markets were little-changed in the overnight session, with no major index fluctuating by more than 0.2 percent. U.S. volatility has been extremely low in recent weeks, and that pattern is now spreading to foreign markets.

Movements in the currency markets are also muted, with no clear trend emerging. Commodities, however, are showing a bias toward risk appetite as the morning progresses. Oil is now higher by more than 1 percent, while silver and copper are up by almost a full percentage point. Gold posted a small gain, and most agricultural foodstuffs are modestly higher.

The gains come despite negative news, highlighted by a weak outlook from industrial giant Caterpillar. The company lowered its earnings forecast for 2015 after yesterday's close, citing a lackluster global economy. Software company Red Hat trimmed its revenue guidance as well.

Europe had negative headlines this morning, with Spanish borrowing costs rising and Germany's Bundesbank warning that "signs of weaker dynamics are noticeable." Investors are now focused on the Case-Shiller index of U.S. home prices at 9 a.m. ET, which could show continued improvement in an industry that's been rebounding after years of weakness.

In company-specific news, RHT fell by more than 4 percent on its lowered guidance, while CAT shed more than 1 percent. Forward Air also dropped about 8 percent after reporting a drop-off in volumes that started in August.
Share this article with your friends


Related Stories

SPX

Stocks climb on Apple, Facebook

April 24, 2014

S&P 500 futures are up almost 0.4 percent, while the Nasdaq 100 is up 1.4 percent. European markets are up more than 0.5 percent, though Asia was mostly lower in the overnight session.

SPX

Durable goods, jobless data on tap

April 24, 2014

The earnings calendar is heavy as well, with results from Caterpillar, GM, UPS, Verizon, Eli Lilly, Freeport-McMoRan, PulteGroup, D.R. Horton, Starwood, and American Airlines.

SPX

Equities retreat after quick rally

April 23, 2014

S&P 500 futures are off about 0.1 percent, while Europe is lower by about 0.5 percent. Asia was mixed overnight, with Tokyo up 1 percent and Hong Kong down by a similar amount.

SPX

Earnings, manufacturing on tap

April 23, 2014

In addition to HSBC/Markit's preliminary purchasing managers indexes for China and Europe, we will get earnings from Boeing, Delta Air Lines, Biogen Idec, EMC, and Dow Chemical this morning.

SPX

Stocks hover, pausing from rebound

April 22, 2014

S&P 500 futures are little-changed as the index pauses at a resistance level, but the Nasdaq 100 is continuing to claw its way back from its recent selloff.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER