Major indices are mixed this Wednesday morning as technology issues suffer from something of a flash-crash. This comes as Fed Chair Janet Yellen addresses Congress, offering primarily good news about the economy. The price of Bitcoin finally punched through the $10,000 barrier in the early morning hours, and is now $10,917. Big losers today include Micron Technology (MU), down 5.6%, NVIDIA (NVDA), down 5.4%, and Applied Materials (MAT), down 6.2%.
Industries doing well today include multiline retail, airlines, and healthcare providers. Industries showing weakness include semiconductors, internet & catalog retail, and internet software. The VIX is up 4% to 10.45 after closing on Tuesday at 9.87. The most heavily traded options this morning are for the Financial Select Sector SPDR ETF (XLF), with 39,382 January-19 28 calls and 38,108 January-19 27 calls on the board. The total put/call ratio as of 10:00 AM was 0.69 (532,060/366,529). The advancers/decliners ratio for NYSE stocks is 1,465/1,473 while the advancers/decliners ratio for NASDAQ stocks is 1,557/1,323.