tradeMONSTER: Trade free for 90 days

Options Trading News

January 30, 2013  Wed 7:11 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stock futures are little-changed as investors brace for key economic data.

The first headline will be ADP's monthly payrolls report at 8:15 a.m. ET, followed by fourth-quarter gross domestic product 15 minutes later. At 2:15 p.m. ET, the Federal Reserve will announce monetary policy.

European indexes have turned negative following earlier gains, while Asian markets were broadly higher in the overnight session. Japan's Nikkei continued its impressive run with a gain of more than 2 percent, while Shanghai rose 1 percent. Both moves come amid widening optimism toward the global economy.

The S&P 500 closed yesterday at its highest level in more than five years, while the Dow Jones Transports index and the Russell 2000 small-cap index are both at all-time records amid the improved confidence.

Big news events continue tomorrow (jobless claims, Chinese manufacturing data) and Friday (non-farm payrolls, European manufacturing data). The question now facing traders is whether good news has already been priced in, or whether further upside remains for equities.

Commodities are bullish this morning, with copper up by more than 1 percent while oil and silver are up by half a percent. Most agricultural foodstuffs are higher.

A similar dynamic is at work in the foreign-exchange market, where the euro is climbing and the Japanese yen is down across the board. Weakness in the Australian and Canadian dollars, which tend to follow risk appetite, is the one potential warning sign for the bulls.

In company-specific news, online retailer Amazon.com is indicated higher by more than 8 percent after a shift to new businesses drove profit margins higher.
Share this article with your friends


Related Stories

SPX

Stocks try to rebound before Fed

December 17, 2014

S&P 500 futures are up about 0.4 a percent, despite losses of about 1 percent in Europe. Asia was modestly higher overnight, and oil continues to decline.

SPX

Last Fed meeting of year on tap

December 17, 2014

Weekly mortgage applications will be the main item in the United States at 7 a.m. ET. One big catalyst could be a parliamentary vote in Greece.

SPX

Stocks down as oil keeps falling

December 16, 2014

S&P 500 futures are down 0.6 percent, while the declines in Europe approach 1 percent. Asia was mixed overnight, with Tokyo and Mumbai retreating 2 percent and Shanghai rallying 2 percent.

SPX

Housing starts, permits on agenda

December 16, 2014

Economists expect housing starts of 1.035 million on an annualized basis in November. Permits are seen coming in at a 1.06 million pace.

SPX

Stocks try to rebound from ugly week

December 15, 2014

S&P 500 futures are up about half a percent, following similar gains in Europe and moves in oil prices. Tokyo fell more than 1 percent despite Prime Minister Shinzo Abe winning a key vote.

tradeMONSTER: Trade free for 90 days

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER