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Market remains divided

Stocks are mixed this Tuesday morning, with the NASDAQ rising while the S&P 500 and the DJIA are falling. This is the second morning in a row stocks opened this way, and the trend still held when stocks closed yesterday afternoon. This is a bit longer than these bifurcations usually last, but it makes a certain amount of sense as the price of oil is falling, and the Dow is more heavily weighted with energy stocks than the NASDAQ. The big loser today is the Williams Company (WMB), down 10.4% after raising cash with a secondary offering. Valeant Pharmaceuticals (VRX) is up 10% after raising $2.1 billion by selling assets.

West Texas Intermediate crude is trading at $52.06. At present, the S&P 500 is down 0.08%, the DJIA is down 0.13%, and the NASDAQ is up 0.01%.

Here are your Tuesday morning market metrics. Industries doing well today include healthcare technology, life sciences, and metals & mining. Industries showing weakness include household products, equity REITs, and capital markets. The VIX is up 0.7% to 11.64 after closing on Monday at 11.56. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 10,000 March 205 puts and 6,020 February 200 puts on the board. The total put/call ratio as of 10:00 AM was 0.6 (349,263/208,112). NYSE Adv/Dec 1,531/1,110. Nasdaq Adv/Dec 1,235/938.

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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.