Major indices are mixed this Tuesday morning after a failure of the North Sea pipeline caused oil prices to rise, though not nearly as sharply or convincingly as oil bulls might have hoped. In just breaking news, oil’s price gains appear to have vanished—stay tuned for more. Gold is trending downward, having fallen nearly 5% since the end of November, from $1,299 to $1,238. Comcast (CMCSA) is up 2.41%, no doubt due to the anticipated demise of net-neutrality laws. (Don’t worry about the loss of net neutrality; once it is gone, you’ll be routed to plenty of content that tells you why you are better off without it!)
Industries doing well today include diversified telecom, metals & mining, and pharmaceuticals. Industries showing weakness include leisure products, semiconductors, and biotechnology. The VIX is up 3.1% to 9.63 after closing on Monday at 9.34. The most heavily traded options this morning are for the iShares Russell 2000 ETF (IWM), with 4,985 December-22 154 calls on the board. The total put/call ratio as of 10:00 AM was 0.85 (234,002/199,827). The advancers/decliners ratio for NYSE stocks is 1,577/1,258 while the advancers/decliners ratio for NASDAQ stocks is 1,595/1,156.