No change

Major indices are mostly unchanged this Monday morning, as investors mull over positive recent economic numbers, but continue to question the market’s high valuations. Global oil prices are somewhat lower today than they were on Friday. Shares of CVS (CVS)  are down 1.5% for a total of 5.5% since closing on Thursday night. Other drug store chains are suffering too, reportedly due to rumors that (AMZN) is very close to announcing a major move into prescription drugs.

West Texas Intermediate crude is trading at $49.57. At present, the S&P 500 is down 0.08%, the DJIA is down 0.02%, and the NASDAQ is up 0.05%.

Here are your Monday morning market metrics. Industries doing well today include diversified consumer services, tobacco, and semiconductors. Industries showing weakness include industrial conglomerates, textiles, and healthcare. The VIX is up 4.6% to 10.10 after closing on Friday at 9.65. The most heavily traded options this morning are for Bank of America (BAC), with 9,682 October 20 26.5 calls on the board. The total put/call ratio as of 10:00 AM was 0.74 (270,810/199,443). The advancers/decliners ratio for NYSE stocks is 1,373/1,369, while the advancers/decliners ratio for NASDAQ stocks is 1,226/1,390.

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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