Quiet opening


Major indices are all pretty near the starting gate in early Monday trading. A for the first time in several weeks, the market is not waking up to find oil prices, bond yields, or the value of the dollar significantly changed. WebMD (WBMD) was bought out this morning by KKR (KKR) in a $2.8 deal, causing shares of WBMD to rise 20%! Snap (SNAP) continues to take a beating in the market today, with shares down 1%.

West Texas Intermediate crude is trading at $46.21. At present, the S&P 500 is down 0.12%, the DJIA is down 0.16%, and the NASDAQ is up 0.06%.

Here are your Monday morning market metrics. Industries doing well today include internet & catalog retail, trading companies, and banks. Industries showing weakness include leisure products, multiline retail, and distributors. The VIX is up 5.65% to 9.89 after closing on Friday at 9.36. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 5,253 August 252 calls on the board. The total put/call ratio as of 10:00 AM was 0.68 (299,676/202,553). The advancers/decliners ratio for the NYSE is 1,093/1,692 and for the NASDAQ, 1,265/1,394.

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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