Futures higher ahead of open Stock futures remain higher ahead of the day’s trading session, suggesting that the bounce from Friday’s lows will continue at the open. The strength is being attributed to optimistic statements by the country’s leaders about averting the fiscal cliff. Investors will also be examining the economic data slated to be released today, including the NAHB Housing Market Index and the Existing Home Sales report.
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.