Major indices are in the green this Monday morning, as stocks are rising in sync with a strengthening dollar for the second session in a row. A rising dollar can put negative pressure on earnings, in the short-term, so Wall Street’s favorable reception of the rising dollar indicates that the weak dollar is a serious source of concern for traders. General Motors (GM) is up 3.4%. American Outdoor Brands (AOBC), the company formerly known as Smith & Wesson, is up 4.7%.
Here are your Monday morning market metrics. Industries doing well today include automobiles, healthcare technology, and biotechnology. Industries showing weakness include leisure products, multiline retail, and energy equipment. The VIX is up 0.1% to 9.59 after closing on Friday at 9.51. The most heavily traded options this morning are the PowerShares QQQ ETF (QQQ), with 60,120 October-13 145 puts and 60,087 October-13 143 puts on the board. The total put/call ratio as of 10:00 AM was 1.13 (326,649/367,677). The advancers/decliners ratio for NYSE stocks is 1,734/1,159, while the advancers/decliners ratio for NASDAQ stocks is 1,891/922.