Steady as she goes

 

Stocks continued their slow, steady rise this Tuesday morning. Oil prices are not much changed over the last 24 hours. Sprint (S) is up 6% this morning after reporting a profit for the first time in three years and adding 88,000 subscribers in the second quarter. Shopify (SHOP) is up 10% after posting a loss of one cent per share in the second quarter, which was considerably better than the Street was expecting.

West Texas Intermediate crude is trading at $49.56. At present, the S&P 500 is up 0.17%, the DJIA is up 0.29%, and the NASDAQ is up 0.14%.

Here are your Tuesday morning market metrics. Industries doing well today include airlines, internet/catalog retail, and banks. Industries showing weakness include automobiles, auto components, and electrical equipment. The VIX is up 1% to 10.36 after closing on Monday at 10.26. The most heavily traded options this morning are for the PowerShares QQQ ETF, (QQQ), with 10,010 October-20 140 puts and 10,010 October-20 130 puts on the board. The total put/call ratio as of 10:00 AM was 0.81 (301,181/243,734). The advancers/decliners ratio for the NYSE is 1,577/1,240 and for the NASDAQ 1,322/1,372.

Symbols: QQQ S SHOP
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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