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Stocks bounce back

Stocks are bouncing back Tuesday morning after a couple of weak days. The NASDAQ is leading the other three major indices higher this morning, after leading the decliners last week.

West Texas Intermediate crude is trading at $47.90. At present, the S&P 500 is up 0.58%, the DJIA is up 0.57%, and the NASDAQ is up 0.85%.

Here are your Monday morning market metrics. Industries doing well today include metals & mining, btrading companies & distributors, and technology hardware, storage and peripherals. Industries showing weakness include personal products, leisure products and building products. The VIX is down 1.44 to 11.75 after closing on Monday at 13.19. The most heavily traded options this morning are for the Russell 2000 index ETF, (IWM), with 6,038 Aug. 25-expring 134 puts on the board. The total put/call ratio as of 10:00 AM was 1.02 (312,222/305,704).

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Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.