Going nowhere


Major indices flat this Monday morning. The world is now watching with some concern as the strongest sanctions ever imposed on North Korea go into effect, causing the rogue state’s leader to vow revenge against the US. Stocks aren’t sure what sort of week they are going to have, but the dollar is stronger this morning, while the price of crude oil is falling. Generic drug giant Teva (TEVA) is down 3.2% today, while US Steel (X) is up 3%.

West Texas Intermediate crude is trading at $49.30. At present, the S&P 500 is up 0.07%, the DJIA is up 0.05%, and the NASDAQ is up 0.25%.

Here are your morning market metrics. Industries doing well today include multiline retail, food products, and personal products. Industries showing weakness include diversified financial services, energy equipment services, and diversified consumer services. The VIX is down 0.3% to 10 after closing on Friday at 10.03. The most heavily traded options this morning are for the PowerShares QQQ ETF, (QQQ), with 9,826 September-15 143 puts and 9819 August-18 143 puts on the board. The total put/call ratio as of 10:00 AM was 0.82 (242,936/199,792). The advancers/decliners ratio for the NYSE is 1,324/1,513 and for the NASDAQ 1,325/1,418.

Symbols: QQQ TEVA X
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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