Small bounce after big selloff


Major indices are in the green this Friday morning after a devastating Thursday session which saw stocks fall sharply across the board. Oil prices are falling, gold is climbing, and bond yields are falling. Of particular note today, NVIDIA (NVDA) is down 4%, JC Penney (JCP) is down 15% and SNAP (SNAP) is down 13%. Oh, snap!

West Texas Intermediate crude is trading at $48.20. At present, the S&P 500 is up 0.31%, the DJIA is up 0.28%, and the NASDAQ is up 0.59%.

Here are your Friday morning market metrics. Industries doing well today include technology hardware, road & rail, and specialty retail. Industries showing weakness include metals & mining, personal products, and airlines. The VIX is down 4% to 15.37 after closing on Thursday at 16.04. The most heavily traded options this morning are for the SPDR S&P 500 ETF, (SPY), with 32,685 September-15 247 calls on the board. The total put/call ratio as of 10:00 AM was 0.92 (700,021/642,195). The advancers/decliners ratio for the NYSE is 1,244/1,576 and for the NASDAQ 1,490/1,169.

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.

You May Also Like