Markets

Gentlemen, start your engines

After the Open... The market is practically euphoric after yet another full day with no major wars having been declared. The rapidly falling price of oil is also beginning to raise eyebrows, as it will lead to lower pump prices if the trend continues, and there are few better stimulants to the economy. The Consumer Price Index rose by an expected 0.1% in July, but Housing Starts and Building Permits were up more than expected.

Here are your Tuesday morning market metrics. Industries doing well today include Specialty Retail, Household Durables and Building Products. Industries showing weakness include Personal Products, Diversified Telecom and Electronic Equipment.

The VIX is down 0.5% to 12.38 after closing on Monday at 12.32. Sprint ( S ) options are the most actively traded today, as is often the case, with 53,631 October 6 puts changing hands. As these were all filled between the bid and the ask there is no way of knowing they were initiated as buys or sell. The put-call volume ratio is 0.95, (291,228/275,810). NYSE Adv/Dec 1,862/839. Nasdaq Adv/Dec 1,233/830.

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 Nasdaq, Inc.


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

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