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Stocks drift lower

Major indices are somewhat lower in morning trading this Monday morning, following a strange G-20 meeting in which the world’s financial leaders dropped pledge to oppose protectionism, apparently in response to pressure from the US. Things are not looking any better for oil this week, as WTI crude is now down near the $48 mark. It is a good day for semiconductor companies, including AMD (AMD), Micron Technology (MU), and NVIDIA (NVDA). It is a great day for the cybersecurity company FireEye (FEYE).

West Texas Intermediate crude is trading at $48.17. At present, the S&P 500 is down 0.12%, the DJIA is flat, and the NASDAQ is down 0.04%.

Here are your Monday morning market metrics. Industries doing well today include tobacco, technology hardware, and airlines. Industries showing weakness include energy equipment. The VIX is up 0.3% to 11.31 after closing on Friday at 11.28. The most heavily traded options this morning are for The Select Sector SPDR Trust – The iShares Russell 2000 (IWM), with 8,020 March-31 130 puts on the board. The total put/call ratio as of 10:00 AM was 1.2 (243,987/292,842). The advancers/decliners ratio for the NYSE is 542/1,474 and for the NASDAQ, 482/1,140.

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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.