Market drifts during slow day The averages remain mixed and close to the flat line. The market has moved in a narrow range all day and the volume has been light. Declining stocks are just slightly ahead of advancing stocks and up volume and down volume are even. Crude oil prices are lower by more than 0.4% and gold is down over 1.4%. The Dow is up 1 point, the Nasdaq is down 7 points and the S&P is down 1 point.
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.