Up, up, and away

Major indices are in the green this Tuesday morning after closing slightly higher on Monday. The price of oil is slightly higher than it was 24 hours ago, but still lower than it was one week ago. The US Justice Department has announced that it will sue to block the acquisition of Time Warner (TWX) by AT&T (T), setting the stage for a bruising fight. In other news, Coca-Cola (KO) has announced that it hasn’t ruled out plans to enter the alcohol business. Have a Coke and a smile!

West Texas Intermediate crude is trading at $56.74. At present, the S&P 500 is up 0.54%, the DJIA is up 0.59%, and the NASDAQ is up 0.83%.

Industries doing well today include construction & engineering, technology hardware, and healthcare equipment. Industries showing weakness include diversified consumer services, multiline retail, and leisure products. The VIX is down 5.9% to 10.02 after closing on Monday at 10.65. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 17,600 December-1 256 puts on the board. The total put/call ratio as of 10:00 AM was 0.73 (451,884/328,223). The advancers/decliners ratio for NYSE stocks is 2,070/774 while the advancers/decliners ratio for NASDAQ stocks is 1,950/783.

Symbols: SPY T TWX
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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