Major indices are in the green this Wednesday morning, bouncing after a rare dip that lasted for two whole sessions. The price of oil is on the rebound as well, but not much changed from 24 hours ago. Seemingly immune from market fluctuations, as well as almost everything else, NVIDIA (NVDA) is up 2% on the day and a gobsmacking 20% ytd. Amazon.com (AMZN) is apparently made of similar stuff, up 1.37% on the day and 23% ytd.
Industries doing well today include aerospace & defense, airlines, and life sciences tools. Industries showing weakness include construction materials, communications equipment, and pharmaceuticals. The VIX is down 5.2% to 14 after closing on Tuesday at 14.79. The most heavily traded options this morning are for the PowerShares QQQ ETF (QQQ), with 10,025 February-2 173 calls on the board. The total put/call ratio as of 10:00 AM was 1.06 (374,584/395,607). The advancers/decliners ratio for NYSE stocks is 1,901/969 while the advancers/decliners ratio for NASDAQ stocks is 1,565/1,2015.