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Slowly but surely

Stocks are slightly higher today on the first market trading day for the new Bitcoin futures on the CBOE. These are cash-settled products, which means they won’t affect Bitcoins directly, but they could affect Bitcoin prices indirectly. SunPower (SPWR) is up 15% today, though the reason why is not entirely clear, and CenturyLink (CTL) is up 6.1% after landing a contract with Pennsylvania.

At present, the S&P 500 is up 0.19%, the DJIA is up 0.21%, and the NASDAQ is up 0.3%. West Texas Intermediate crude is trading at $57.45. Bitcoin is at $16,120 on Bitstamp.

Industries doing well today include leisure products, energy equipment, and independent power. Industries showing weakness include construction materials, household products, and food products. The VIX is up 1% to 9.68 after closing on Friday at 10.58. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 10,980 December-29 263 puts on the board. The total put/call ratio as of 10:00 AM was 1.07 (255,718/220,290). The advancers/decliners ratio for NYSE stocks is 1,732/1,115 while the advancers/decliners ratio for NASDAQ stocks is 1,621/1,149.

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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.