Stocks tread water in early trading

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After the Open... Stocks are going pretty much nowhere this morning, led by a perfectly unremarkable earnings report from Target (tgt). If the recent pattern continues, traders will wait until about midday, then find some international news to latch onto to determine the afternoon's momentum.

Here are your Wednesday morning market metrics. Industries doing well today include Airlines, Textiles and Aerospace. Industries showing weakness include Life Sciences, Leisure Products, Containers & Packaging.

The VIX is down 1% to 12.09 after closing on Tuesday at 12.21. Petroleo Brasileiro (pbr) options are the most actively traded today, with 45,546 September 18 calls, 10,000 November 21 calls, and 10,000 November 23 calls changing hands. The put-call volume ratio is 0.96, (507,947/485,978). NYSE Adv/Dec 1,197, 1,756. Nasdaq Adv/Dec 773,1,697. 

Julian Close has been a business writer since the first day of the twenty-first century, having written for PRA International and the United Nations Department of Peacekeeping. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. He became a stockbroker in 1993, but now works for Fresh Brewed Media and uses his powers only for good. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC .


This article was originally published on MarketIntelligeneCenter.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Earnings

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