Stocks didn’t fall much, but they’re bouncing anyway

Major indices are higher this Thursday morning, bouncing back after a rare off-day on Wednesday. Delta Airline (DAL) is up 1% today, following a positive earnings announcement. In news from the crypto-world, South Korea is now considering banning Bitcoin. This follows the news yesterday that South Korea, Japan, and China were meeting and reportedly considering synchronizing their approaches to Cryptocurrency.

At present, the S&P 500 is up 0.37%, the DJIA is up 0.38%, and the NASDAQ is up 0.36%. West Texas Intermediate crude is trading at $64.66. Bitcoin is at $14,180 on Bitstamp.

Industries doing well today include airlines, energy equipment, and trading companies. Industries showing weakness include personal products, leisure products, and diversified telecom. The VIX is up 0.02% to 9.84 after closing on Wednesday at 9.82. The most heavily traded options this morning are for the S&P 500 SPDR ETF (SPY), 23K January-31 255 puts and 23K January-31 267 puts on the board. The total put/call ratio as of 10:00 AM was 0.75 (355,393/267,685). The advancers/decliners ratio for NYSE stocks is 2,144/690 while the advancers/decliners ratio for NASDAQ stocks is 1,906/905.

Symbols: DAL SPY
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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