Gloomy winter Tuesday


Major indices are mixed but mostly lower this Tuesday morning as the Street begins a Christmas-shortened four-day week. Repairs have been made to the Forties North Sea oil pipeline, and it is now being tested. The conventional wisdom is that if the oil starts flowing again, global crude oil prices could fall, but there’s no such downward pressure yet. Roku (ROKU) is up more than 2% today and more than 330% from where it debuted trading.

At present, the S&P 500 is down 0.08%, the DJIA is up 0.01%, and the NASDAQ is down 0.45%. West Texas Intermediate crude is trading at $58.71. Bitcoin is at $15,780 on Bitstamp, having rebounded by nearly $3,000 since Friday morning.

Industries doing well today include construction materials, multiline retail, and metals & mining. Industries showing weakness include technology hardware, semiconductors, and banks. The VIX is up 3% to 10.2 after closing on Thursday at 9.9. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 23,018 January-5 265 puts and 22,757 January-5 263 puts on the board. The total put/call ratio as of 10:00 AM was 0.88 (150,518/132,147). The advancers/decliners ratio for NYSE stocks is 1,675/1,223 while the advancers/decliners ratio for NASDAQ stocks is 1,304/1,530.

Symbols: ROKU SPY
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.

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