Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 26, 2013  Tue 7:13 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Futures are trying to bounce this morning as political worries hammer stocks across the Atlantic.

Sentiment has been improving in the last hour, and the S&P 500 is indicated to open higher by about one-third of a percentage point after a drop of almost 2 percent yesterday. Indexes are lower by 1 percent to 2 percent in Europe and fell by a similar magnitude in Asia overnight.

Sentiment darkened yesterday after Italian elections produced no clear winner, casting doubts about the debt-laden country's ability to make key reforms. The news comes as stocks consolidate following an early-2013 rally that brought the S&P 500 back to its highest levels in more than five years.

Investors now face potential political risk in the United States as well, as the federal government nears forced spending cuts under sequestration. On the economic front, today will bring the Case-Shiller home price index at 9 a.m. ET, along with monthly new-home sales and consumer confidence one hour later.

Currencies are painting a modestly bullish picture. The euro is inching higher and attempting to rebound, while the Japanese yen is down after yesterday's sharp rally. Commodities are more bearish, with oil, copper, gasoline, and silver all lower. Gold is up almost half a percent, and agricultural foodstuffs are mixed.

In company-specific news, casino operator Caesars Entertainment is down by about 10 percent after earnings and revenue missed expectations. Home Depot is up about 1.5 percent after its results beat consensus. Titan International, a provider of tires for agricultural machinery, is indicated to open 12 percent lower after reporting weak quarterly results.
Share this article with your friends


Related Stories

SPX

Earnings are docket's main focus

April 21, 2014

Attention continues to focus on corporate earnings this week. Halliburton, Hasbro, and SunTrust Banks get the ball rolling this morning, followed by Netflix and Rambus after the close.

SPX

Options and high-frequency trading

April 18, 2014

There has been much talk lately of high-frequency trading and what it means to the markets and retail traders. The big issues and arguments all point in favor of options.

SPX

Stocks in range as earnings flow

April 17, 2014

This morning's big companies--Goldman Sachs, General Electric, Morgan Stanley, and PepsiCo--are all trading higher after beating estimates.

SPX

GE, Goldman, jobless claims on tap

April 17, 2014

Earnings and jobless claims are the main events on today's calendar. Trading will likely be light with markets closed tomorrow for Good Friday.

SPX

Futures rise, halting recent slide

April 16, 2014

S&P 500 futures are up more than 0.5 percent, while the Nasdaq is up almost 1 percent. Most European indexes are up a similar amount, while Tokyo led Asia with a 3 percent rally.

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER