Learn the trade here. Make it on tradeMONSTER

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 higher before ISM report

September 2, 2014

S&P 500 futures are up 0.1 percent. Indexes are also higher across the Atlantic but have halved their gains in the last-hour. Shanghai and Tokyo climbed more than 1 percent overnight in Asia.

SPX

Manufacturing data starts week

September 2, 2014

Traders returning from the long holiday weekend will face several important headlines this week, including the ISM manufacturing index.

SPX

When rolling makes good sense

September 1, 2014

Unlike most other things that expire, option positions can be rolled to different time frames or strikes to adjust a trade. Here's why that is often worth considering.

SPX

Stocks drift higher into long weekend

August 29, 2014

S&P 500 futures are up about 0.25 percent and back near their highs from earlier in the week. European markets are fractionally higher, and Asia was mostly positive overnight.

SPX

Chicago PMI on tap before holiday

August 29, 2014

Today's agenda brings a handful of reports, but trading will probably be light ahead of the Labor Day weekend. Data on personal income and consumer sentiment will accompany the Chicago reading.

Premium Services

Education & Strategy

How to get the hedge you want

Hedging is a good idea. As I have said countless times, you insure your house and your car, but most...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER