Stocks, oil, head lower


Major indices are in the red this Thursday morning, and the global proce of oil continues to fall. Both Alibaba (BABA) and Walmart (WMT) reported better than expected revenue this morning, but there, the similarities end. BABA is up 3.5% after a quarter of extremely strong growth, while WMT is down 2.1% after a quarter of somewhat stronger growth than the Street expected, but clearly weaker growth than it desired. Some days you can’t win.

West Texas Intermediate crude is trading at $46.77. At present, the S&P 500 is down 0.34%, the DJIA is down 0.4%, and the NASDAQ is down 0.46%.

Here are your Thursday morning market metrics. Industries doing well today include healthcare technology, distributors, and household products. Industries showing weakness include communications equipment, metals & mining, and real estate management. The VIX is up 2.6% to 12.05 after closing on Wednesday at 11.74. The most heavily traded options this morning are for the PowerShares QQQ Trust, (QQQ), with 13,100 August-18 145 calls and 13,010 August-18 145.5 callson the board. The total put/call ratio as of 10:00 AM was 0.59 (438,994/256,992). The advancers/decliners ratio for the NYSE is 1,102/1,703 and for the NASDAQ 1,017/1,637.

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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