Credit: Shutterstock photoAfter the open… The price of oil firmed up to $57.75 on Monday morning after falling to $56 over the weekend. This possible bottom, along with a better than expected Industrial Production report, spurred buying in the pre-market, though in early morning trading, the upward momentum is uncertain. The S&P 500 is currently up 0.65%
Here are your Monday morning market metrics. Industries doing well today include Energy Equipment & Services, Software and Oil & Gas. Industries showing weakness include Automobiles, Biotechnology and Diversified Telecom.
The VIX is down 3.75% to 19.33 after closing on Thursday at 20.08. The most active option strikes are for Wells Fargo ( WFC ) with 15,290 December 55 calls changing hands. The total put-call volume ratio is 0.91, (477,021/434,085). NYSE Adv/Dec 1,838/1,075. Nasdaq Adv/Dec 1,529/914.
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 MarketIntelligenceCenter.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.
