Learn the trade here. Make it on tradeMONSTER

Options Trading News

January 22, 2013  Tue 7:11 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Futures are pulling back this morning with stocks parked at long-term highs and a torrent of earnings scheduled for this week.

The S&P 500 is indicated to open down fractionally amid small declines in Europe. Asian indexes were mixed but mostly negative overnight.

Equities have been plowing higher for the last two months, bringing the S&P 500 to its highest level since late 2007. The Dow Jones Transport Index and Russell 2000 both closed at all-time highs on Friday. (U.S. markets were closed yesterday for Martin Luther King Day.)

Investors are now preparing for a big day of corporate results, led by blue chips such as Verizon Communications, Travelers, Johnson & Johnson, Google, Texas Instruments, and IBM. Today will also see regional economic indexes from the Chicago and Richmond Federal Reserve Banks, plus existing home sales for December.

Macro news overseas was mixed. The Bank of Japan delayed open-ended asset purchases until next year, disappointing some bulls who had expected more immediate money-printing. That has the yen higher across the board, which often weighs on stocks and commodities. Germany's ZEW index of investor sentiment, however, leapt to 31.5, crushing forecasts for a reading of about 10.

Trading in the foreign-exchange and commodity markets is mixed. While the strong Japanese yen is signaling risk aversion, the euro and Australian dollar are higher against the greenback. Oil and copper are trying to in higher and most agricultural foodstuffs are climbing. Precious metals are little changed.

In company-specific news, VZ is down by more than 2 percent after taking a big charge related to employee benefits. TRV is up 3 percent after its earnings crushed estimates. JNJ is down 1 percent after its profit beat consensus but revenue missed.
Share this article with your friends


Related Stories

SPX

Stocks inch higher ahead of data

July 29, 2014

S&P 500 futures are up more than 0.1 percent, and the Nasdaq is higher by almost 0.2 percent. Europe shows gains of about 0.5 percent, similar to those in Asian markets overnight.

SPX

Home prices, consumer data on tap

July 29, 2014

The Case-Shiller index of home prices, scheduled for release at 9 a.m. ET, is expected to show an increase of 10 percent in May. Consumer confidence follows an hour later.

SPX

Futures slip as market awaits news

July 28, 2014

S&P 500 futures are down about 0.1 percent, while Europe is mixed. Shanghai gained more than 2 percent ovenright after Chinese data showed industrial profit growth almost doubling in June.

SPX

Pending home sales lead calendar

July 28, 2014

The economic calendar begins slowly this week but grows increasingly busy. The main data report today is pending home sales at 10 a.m. ET.

SPX

Futures lower after Amazon misses

July 25, 2014

S&P 500 futures and Nasdaq 100 futures are slightly lower with the e-commerce giant down more than 10 percent. European trading is mixed, while Asian bourses were mostly higher overnight.

Premium Services

Free Webinars

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER