Stocks are slightly higher on the S&P-500 and the Dow Jones Industrial Average this morning, though NASDAQ is down a fraction at this moment. There is good profit new out from cyclicals such as Caterpillar (CAT), and even though Alphabet (GOOGL) issued a warning due to high costs—those costs mean wages and expansion, which is exactly what the country needs. It almost feels today as if many long-since erratic or off the chart indicators sort of headed in the direction of normal. The eclectic nature of the indicators makes it difficult to speculate what will happen if they overshoot normal and just keep on rolling.
Here are your Tuesday morning market metrics. Industries doing well today include metals & mining, banks, and Hotels. Industries showing weakness include internet software, industrial conglomerates, and Life Sciences. The VIX is up 2% to 9.24 after closing on Monday at 9.43. The most heavily traded options this morning are for Bank of America (BAC), with 9,306 July-28 25 calls 4,455 August 25 calls, and 3,523 August 24 calls on the board. The total put/call ratio as of 10:00 AM was 0.77(383,071/296,396). The advancers/decliners ratio for the NYSE is 1,835/1,033 and for the NASDAQ 1,779/929.