Oil keeps rising

oil well

Major indices are mixed this Tuesday morning as the global price of oil hits its highest level in two years. The price of gold is falling and the dollar is rising against Euro and Yen. Valeant Pharmaceuticals (VRX) is up 18% on better than expected earnings. TripAdvisor (TRIP) is down 16% after beating expected earnings, but missing on revenue in an industry where it now appears there are simply too many players.

West Texas Intermediate crude is trading at $57.07. At present, the S&P 500 is up 0.13%, the DJIA is up 0.16%, and the NASDAQ is up 0.09%.

Here are your morning market metrics. Industries doing well today include media, real estate management, and air freight. Industries showing weakness include internet & catalog retail, airlines, construction materials, and multiline retail. The VIX is up 0.5% to 9.45 after closing on Monday at 9.29. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 10,004 March-16 245 puts on the board. The total put/call ratio as of 10:00 AM was 0.62 (367,617/229,326). The advancers/decliners ratio for NYSE 1,505/1,293 stocks is while the advancers/decliners ratio for NASDAQ stocks is 1,046/1,735.

Symbols: SPY TRIP VRX
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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