Learn the trade here. Make it on tradeMONSTER

Options Trading News

April 25, 2013  Thu 7:13 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are rising for a fifth straight day, lifted by strong earnings and a lack of bad news.

S&P 500 futures are up almost half a percent, while most European indexes are posting similar gains. Asian markets also inched higher overnight.

Strong bullish momentum from the first-quarter's 10 percent rally seems to be the main catalyst supporting equities. Huge stockpiles of cash accumulated in bonds over the last four years have been flowing into stocks since the fourth quarter, keeping pullbacks shallow--even as economic data points to slowing in the last month.

Corporate earnings season has also given investors reasons to buy. One theme that's been emerging this quarter has strength in new technology sectors--especially semiconductors and fiber-optic devices. Software companies, on the other hand, have been weak.

Conservative plays such as health care and consumer staples had led the market in February and March, but our proprietary researchLAB analysis tool has shown increased risk appetite over the last week as energy and materials outperform, while health and staples lag. Small caps have also been strong in the last week, despite underperforming over the preceding month.

The S&P 500 has been consolidating around the same levels where it peaked in October 2007. Other key benchmarks such as the Dow Jones Transportation Average, Dow Jones Industrial Average, and Russell 2000 have already broken out to new record highs.

http://www.optionmonster.com/news/article.php?page=pmc/earnings_remain_dominant_on_calendar_80874.html
The economic agenda is light today, with weekly jobless claims at 8:30 a.m. ET as the main release. Tomorrow is more active, with first-quarter gross domestic product and consumer sentiment both scheduled.

Commodities paint a bullish picture today as copper gains another 1.3 percent, following a strong rally yesterday. The metal, often viewed as a bellwether for the global economy, had fallen to a 52-week low earlier in the week. Oil is up slightly and precious metals are higher by more than 1 percent. Agricultural foodstuffs are positive as well.

Weakness for the U.S. dollar is the main theme in foreign-exchange markets, as the euro, Australian dollar, Canadian dollar, and Japanese yen all appreciate against the greenback. Interestingly, the yen is down against other currencies, which is potentially bullish because it means that both "safe havens" are getting sold.
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