After the open… Stocks have been up and down this morning, but the S&P 500 is currently up by less than 0.1%. Trends from last week are mostly continuing. The dollar is still strengthening, and oil is still very weak. One new development is that an unexpected cold snap has driven the price of NYMEX natural gas back over $4, when it was near $3.50 just a few days ago.
Here are your Monday morning market metrics. Industries doing well today include Personal Products, Airlines and Auto Components. Industries showing weakness include Metals & Mining, Energy Equipment and Automobiles.
The VIX is up 0.5% to 14.49 after closing on Friday at 14.03. The most active option strike this morning is Broadcom (BRCM), with 10,050 December 42 calls changing hands. The put-call volume ratio is 0.89, (339,905/301,626). NYSE Adv/Dec 1,529/1,341. Nasdaq Adv/Dec 1,276/1,050.
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.