After the open… Stocks are treading water in morning trading – making a few ripples, but not really going anywhere. There are no major earnings reports or economic reports to guide the market, so investors are pretty much just sitting tight. European stocks had a good day, but the world economy remains a source of worry for US markets. The S&P 500 is now down 0.05%.
Here are your Tuesday morning market metrics. Industries doing well today include Household Durables, Airlines and Real Estate Management. Industries showing weakness include Energy Equipment, Media and Leisure Products.
The VIX is up 2.45% to 12.98 after closing on Monday at 12.67. The most active option strike is for Time Warner Cable (TWC) with 16K April 95 puts changing hands. The put-call volume ratio is 0.88, (207,609/181,942). NYSE Adv/Dec 1,329/1,538. Nasdaq Adv/Dec 880/1,389.
Julian Close has been a business writer since the first day of the twenty-first century, having written for PRA International and the United Nations Department of Peacekeeping. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. He became a stockbroker in 1993, but now works for Fresh Brewed Media and uses his powers only for good. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.