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Stocks slide sideways

Major indices opened in the green again this morning, after ending Thursday’s session slightly in the red. Oil is higher, but still below the $50 mark. There are not a lot of big movers at the moment, though Tesla (TSLA) certainly had a good week, raising $1.2 billion for Model III production, and seeing shares rise from $244 to $263.

West Texas Intermediate crude is trading at $49.02. At present, the S&P 500 is up 0.01%, the DJIA is up 0.07%, and the NASDAQ is down 0.01%.

Here are your Friday morning market metrics. Industries doing well today include independent power, metals & mining, and commercial services. Industries showing weakness include auto components, biotechnology, and diversified consumer services. The VIX is down 2.32% to 10.95 after closing on Thursday at 11.21. The most heavily traded options this morning are for The Select Sector SPDR Trust – The S&P 500 SPDR ETF (SPY), with 5,068 March-31 232 puts on the board. The total put/call ratio as of 10:00 AM was 1.01 (296,160/298,944). The advancers/decliners ratio for the NYSE is 1,617/1,125 and for the NASDAQ, 1,281/1,159.

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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.