Averages drifting since midday, remain mixed Stocks remain mixed and have traded in a very narrow range since noon. The Dow has been the strongest of the major equity indices and has held its triple digit gain, while the Nasdaq has been in negative territory the whole day due to major weakness in shares of Apple (AAPL). Advancing stocks are ahead of declining stocks by 5:4 while up volume is also ahead of down volume. Crude oil prices are lower by more than 0.4% and gold is down 0.1%. The Dow is up 123 points, the Nasdaq is down 12 points and the S&P is up 6 points.
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.