Markets

No direction

After the Open... Stocks had no idea whether to head up or down in early Tuesday trading. Certainty is growing that the downturn of the last couple of weeks was too truncated and has not cleared the air of market short-termers like a more substantial correction would have. Hence, Wall Street is worried by its own rally.

Here are your Tuesday morning market metrics. Industries doing well today include Trading Companies, Automobiles and Metals/Mining. Industries showing weakness Internet Software/Services, Tobacco and Paper/Forest Products.

The VIX is up 0.5% to 14.3 after closing on Monday at 14.23. Symantec (symc) options are the most actively traded today, with 7,841 August 24 puts changing hands. The put-call volume ratio is 0.79, (261,175/206,175). NYSE Adv/Dec 1,474/1,297. Nasdaq Adv/Dec 903/1,298. [InvestorsKeyhole, various news and data sources]

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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