Big bounce

Traders are having a better morning than they have in several days, as stock prices are now on the rebound after yesterday’s big selloff in technology share prices. The price of gold has ticked up past $1,300 per ounce, while the price of a barrel of WTI crude oil has tocked down to $51.51. NVIDIA (NVDA) is up 3.65%.

West Texas Intermediate crude is trading at $51.51. At present, the S&P 500 is up 0.22%, the DJIA is up 0.24%, and the NASDAQ is up 0.39%.

Here are your Tuesday morning market metrics. Industries doing well today include distributors, leisure products, and technology hardware. Industries showing weakness professional services, energy equipment, and diversified telecom. The VIX is down 2% to 10.00 after closing on Monday at 10.21. The most heavily traded options this morning are the PowerShares QQQ ETF (QQQ), with 45,119 September-29 141 puts on the board. The total put/call ratio as of 10:00 AM was 0.89 (250,633/222,049). The advancers/decliners ratio for NYSE stocks is 1,654/1,092, while the advancers/decliners ratio for NASDAQ stocks is 1,595/980.

Symbols: NVDA QQQ
Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

You May Also Like