Mixed Bag

Major indices are mixed this Friday morning. It is a bullish day for the tech-heavy NASDAQ, with most of the usual suspects showing slight gains. Even Tesla (TSLA) is up today, shares of which have fallen 11% in just the last two weeks. Tyson Foods (TSN) is up 7.5% after reporting improved guidance and laying off 450 workers. I wonder which way the stock would go if they laid off 450 chickens.

West Texas Intermediate crude is trading at $51.46. At present, the S&P 500 is up 0.03%, the DJIA is down 0.08%, and the NASDAQ is up 0.21%.

Here are your Friday morning market metrics. Industries doing well today include electronic equipment, auto components, and internet software. Industries showing weakness include diversified consumer services, metals & mining, and energy equipment. The VIX is up 0.4% to 9.53 after closing on Thursday at 9.55. The most heavily traded options this morning are the iShares Russell 2000 ETF (IWM), with 20K December-15 136 puts on the board. The total put/call ratio as of 10:00 AM was 1.24 (240,425/298,257). The advancers/decliners ratio for NYSE stocks is 1,581/1,215, while the advancers/decliners ratio for NASDAQ stocks is 1,573/1,211.

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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