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Stocks inch higher

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.

West Texas Intermediate crude is trading at $49.13. At present, the S&P 500 is up 0.05%, the DJIA is up 0.18%, and the NASDAQ is up 0.16%.

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.

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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.