Major indices are in the green again this Tuesday morning, and all looks well for the market. Even so, the S&P 500 closed on Monday up only 3 points, and this morning it is up only half that. Oil is back near $50 per barrel. It is a good day for Chinese stocks, as Sina (SINA) is up 16% and Weibo (WB) is up 17%. It’s not just Chinese tech stocks that are up, however. Home Depot (HD) is up 2% on strong sales.
Here are your Tuesday morning market metrics. Industries doing well today include tobacco, healthcare technology, and internet/catalog retail. Industries showing weakness include textiles, construction materials, and trading companies. The VIX is down 2.1% to 10.20 after closing on Monday at 10.42. The most heavily traded options this morning are for AMD (AMD), with 7,469 June 10 puts on the board. The total put/call ratio as of 10:00 AM was 0.72 (329,013/236,805). The advancers/decliners ratio for the NYSE is 1,388/1,521 and for the NASDAQ, 1,276/1,362.