After the open… An excellent earnings report from Goldman Sachs (GS), a tumbling price of oil and stronger industrial numbers than expected met traders this morning, but it wasn't enough to overcome another wave of fear-driven selling. Stocks are moving chaotically and volatility is spiking at present. Though down 0.75% at present, momentum on the S&P 500 seems more upward than downward.
Here are your Thursday morning market metrics. Industries doing well today include Airlines, Health Care Providers and Diversified Consumer Services. Industries showing weakness include Internet/Catalog Retail, Leisure Products and Energy Equipment.
The VIX is up 3.9% to 27.27 after closing on Wednesday at 26.25. The most active option strike this morning is Apple (AAPL), with 55,499 October 100 calls changing hands. The put-call volume ratio is 0.84, (601,483/503,843). NYSE Adv/Dec 1,076/1,882. Nasdaq Adv/Dec 1,014/1,347.
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.